💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 1.1725
TP2= @ 1.1680
TP3= @ 1.1610
TP4= @ 1.1490
TP5= @ 1.1375
SL: Break Above R2
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Euro-dollar
Liquidity swing below August lowMarket makers are going to buy euro at the best discount price: 60-80 pips below August low.
I expect them to drive price back to August low and higher - to last last week's low to take the stops above last swing high - that is where they are likely to unload the big buy. Best to wait until London session. I am pretty sure Wednesday low will be taken during Thursday's London session before price will be driven up.
If by Friday close price will not reach last week's low - the bearish trend will continue after drive to August low.
EUR/USD 🇪🇺 🇺🇸 to go on rising and pullback from the Support +0.28% on the EUR/USD 🇪🇺 🇺🇸 as the last forecast worked out. The situation is ambiguous , cause we see the high overbought at the RSI , however the recent swing at the ROC , Volume spikes and the potential Golden cross suggest the price can grow. In this case the pullback from the Support zone is expected to follow.
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EUR/USD 🇪🇺 🇺🇸 to test the Upward channel's Resistance!EUR/USD 🇪🇺 🇺🇸 is rising in the Upward channel. The Elliot impulse wave is still on the rise and the golden cross suggest it will continue in the short-term. The Volume spike suggest the price is going to stay above the channel's midline. However , we shall be careful here as the RSI and ROT indicates that the price is lying in the overbought zone , thus the possible pullback from the channel's support can follow.
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EURAUD H1 - Short SetupEURAUD H1 - Second test presented itself, marginally a lower low, but still trading below that 1.65 whole number, need to set these lower low sequences for the downtrend, similarly we have some other bullish setups included in the rundown where we need to set those higher highs!
USDJPY Head & Shoulder Pattern Formation For Short Trade.USDJPY is Trending in consolidation to upside in uncertain event/news/condition. it is forming head and shoulder pattern as shown in chart. According to chart pattern analysis, we might see downside in USDJPY from Current levels . One can initiate the short trade with risk management and stop loss .
Thank You
EUR/USD 🇪🇺🇺🇸 to bounce from Support zone!EUR/USD 🇪🇺🇺🇸 is rising in the Upward channel. The price lies in the ROT and Stochastic overbought zones. As the price is pulling back from the channel's resistance and the bounce is likely to follow from Support/Resistance zone!
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EURUSD | SWING - 2 Oct. 2020Hello my friend | Welcome Back.
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This is good if it touches the support line and does not break it, because it will be a positive sign for the upside and breaking the channel to the upside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
EURGBP NZDUSD USDCHF USDJPY
EURUSD: Multi Time Frame Analysis & Important Breakout
hey traders,
EURUSD reached a strong zone of confluence yesterday.
price hit a perfect match of a resistance line of a falling channel and horizontal resistance based on the last higher low on a daily.
after testing that area, the price broke below a support line of a rising wedge pattern on 4H.
moreover, the price has violated a neckline of a head and shoulders formation on hourly chart.
we see many many bearish signals and now the price is slightly recovering.
the expanding area between a neckline and broken support of the wedge will be a perfect zone for us to short the pair.
target levels:
1.169
1.165