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Eur-usd

EURUSD: Seeking the new Support. First buy attempt.EURUSD is having a strong technical selling sequence following the HH rejection (July 18th) at the top of the long term Channel Up pattern. The 1D timeframe turned neutral (RSI = 45.045, MACD = 0.005, ADX = 28.669) and as the price is near the HL trendline, it justifies a first buy attempt. Our sell target and buy entry from last week (chart at the end of the idea) was 1.09800 anyway and the target the top of the Channel Up (TP = 1.13250). It is possible for the market to seek the 1D MA50 too (1.09200) but if it closes a candle under it, then it should extend the selling to the 1D MA200 (TP = 1.08000), where it will turn into a long term buy opportunity again. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
8
EURUSD New bullish sequence to 1.14000The EURUSD pair is rebounding just before hitting the 4H MA200 (green trend-line), with the 1D RSI printing a similar formation to the January 06 2023 rebound. Within this 8 month Channel Up pattern, the 4H MA200 has been the pivot between bullish and bearish sequences, hence the Support now that we are on a bullish leg. As long as it holds, we are expecting the price to make a Higher High for the Channel Up at 1.14000. If the price breaks below the 4H MA200, we will sell, aiming for a Higher Low near the 1D MA200 (orange trend-line) at 1.08450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD: Technical correction targeting the 1D MA50.EURUSD has started the medium term correction inside the long term Channel Up after it hit the top and made a HH. The 1D technicals may not be overbought any more but remain bullish (RSI = 60.317, MACD = 0.009, ADX = 35.910) illustrating that there is still way for the price to decline before they find a balance. We expect that to be on the 1D MA50, unless the 1D RSI rebounds on the HL trendline. If not continue selling to the price's HL and the 1D MA50 (TP = 1.09800). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
8
EURUSD crossed under the 4hour MA50 and the downside can be moreEURUSD got rejected at the top of its multi month Channel Up and crossed today under the 4hour MA50 for the first time since the bullish break out of July 7th. This pull back looks so far quite the same as June 22nd/23rd. The 4hour RSI almost got oversold as then. If the 0.382 holds, we may see a Falling Wedge consolidation before the new leg up to the -0.618 Fibonacci extension. If the 0.382 breaks, sell and target the 4hour MA200, which provided the rebound on July 6th. Buy there and target 1.12750. Previous chart: Follow us, like the idea and leave a comment below!!
by TheCryptagon
8
EURUSD reached the top of the Channel Up. Sell.EURUSD has reached the top of the Channel Up from the start of the year. That is a sell signal but may consolidate at the top for some time before declining. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.10345 (the 0.382 Fibonacci level and potential contact with the MA50 1d). Tips: 1. The RSI (1d) is overbought. It wont get rebalanced before crossing under the MA and hit at least its Rising Support even though a value within 50.00 - 45.00 is more realistic in order to neutralize it. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
6