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Euro-dollar

Fascinating Oscillation on EUR/USD Results in Price Reversal!Hi everyone, let's review some fascinating price behavior here on EUR/USD based on the weekly seasonality. Funnily enough, I spotted this behavior last week and already provided a chart with a similar idea. I kept mentioning how the price trend reversed over the weekend and suggest a trade that went along with the trend anyway. My own chart got used against me and the price reversed beautifully according to the behavior and did not follow the trend at all. In this idea I learn from that mistake and suggest a price reversal trend trade set-up. Every major shift in price trend has started exactly after the weekend. We have an excellent opportunity to use this information and trade it to our advantage! If you spot the reversal soon after the week starts, you can safely place your positions and trade along with the trend until the week is over. I suggest to wait after opening to get a confirmation of the move (again, nothing sudden is happening so you will be on time even a few hours later) and then trade according to the direction. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
7
EURUSD: Indecision & Paralysis hey guys, still not clear where EURUSD will go next. the price is still stuck within two major trend lines and for now, it consolidates within an expanding decision range. the problem is that we can never know how long the price will trade within. the timespan is unknown. to catch the next swing move I would wait for a violation of that range either to the upside or to the downside. for intraday traders, both lines serve as very good points to sell/buy from. let's wait for the decision and then just act accordingly!)
by VasilyTrader
15
EURUSD: Important Decision Ahead hey traders, EURUSD is currently trading within a very peculiar zone: its upper boundary is based on the major rising trend line that the price broke in September and that currently serves as the resistance. its lower boundary is based on the major falling trend line that the price has violated yesterday and that currently serves as the support. for now, I see two equally possible scenarios: either we close above the upper boundary of the zone and continue growing to 1.1935 level or we drop below its lower boundary and initiate a short rally at least to 1.1705 for now it is hard to say exactly, which side the pair will select. so I prefer to wait.
by VasilyTrader
21