EURO-USD
EUR-USD STRUCTURE ANALYSIS| UPDATE|
X EURUSD is trading in a range >
X Tredline is intact>
X =Bullish momentum is still strong
X IF confirmed resistance breakout>>>
X Long
X IF trendline breaks= trend over=short
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EURUSD LONG TERM BUY DAILY TF! Light Blue line is my 1st target and baby if it breaks that we gonna be popping bottles with all kinds of bitches!! xD
Go Long on Break OutThe 1 hour chart trend line representation shows bearish trend and if the trend breaks out at the resistance its a BUY.
Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
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Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
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EURUSD: Direction is Chosen
EURUSD broke and closed above the resistance line of the horizontal decision range.
now the breakout is considered to be confirmed, and it is a clear bullish sign for us.
the expansion to 1.2 level is highly probable.
however, note that the last few candles are very weak.
it looks like the market is relatively overbought after a breakout.
for that reason, look for an entry on a retest.
good luck!
EUR-USD STRUCTURE ANALYSIS| DECISION RANGE| TRADING PLAN|
EURUSD has formed a double top near the new highest resistance, while also forming a horizontal support structure below the strong resistance level.
The area between the two in yellow is a decision range. Breakout either way will be a signal of the further direction, which is shown by the arrows.
The further direction will be so far constrained by the double top level above and by the plethora of the support lines below.
TRADING PLAN:
We are waiting for a confirmed breakout either way, and then go long or short depending on the direction of the breakout+watching the price action.
+by the way, if the breakout goes downwards, one might be able to see the H&S pattern there as an additional confirmation, while the breakout upwards will be a trade following the trend.
Meanwhile, the bravest and the fastest might wanna try playing the channel game, trading the support and resistance of the yellow range flipping the positions until the breakout happens.
Thank you for reading, like and subscribe and have a nice day!
EURUSD: Consolidation & Complete Indecision
EURUSD is currently stuck within a wide horizontal trading range.
because the trend is still bullish, we keep being bullish biased and expect a bullish continuation.
however, it is very risky to buy the market from current prices.
to catch the next bullish wave I would suggest waiting for a bullish breakout of the resistance of the range on 8h.
then we can initiate a long trade on retest.
goal will be 1.20
sometimes consolidation is the first reversal sign,
for that reason, we should also consider a bearish scenario.
to catch a bearish wave, wait for a bearish breakout of the range on 8h.
goal will be 1.16
good luck!
GBPUSD ABCD EXTENSION BEARISH PATTERNGBPUSD time to get a good profit, supporting of this analysis with the DXY is currently ready to rebound.
EURUSD Sell Opportunity 200+ pipEURUSD at main resistance area of 1.1900
Pair is volatile but extremely overbought, expecting a short possible retrace.
Entry:
1. Aggressive Entry @ current price area of 1.1870
2. 1.1900 area
TP 1: 1.1700
TP 2: 1.1600
50 pips stop loss
1:2 and 1:4 risk reward trade.
Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside.
Good luck trading! Let me know how I can help.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR!
What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle.
so clearly we have a fight between bulls and bears in euro/usd :
Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS !
so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd.
I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700.
important demand area for euro/usd bulls : 1.1720-1.1700
Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (1.1819). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.1750
TP2= @ 1.1708
TP3= @ 1.1626
TP4= @ 1.1562
TP5= @ 1.1463
SL= Break Above R2
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Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (1.1819). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.1750
TP2= @ 1.1708
TP3= @ 1.1626
TP4= @ 1.1562
TP5= @ 1.1463
SL= Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/USD Long PossibilityI have highlighted multiple possible price directions. With reference to one of my commenters, I see a probability that the price will head to the top most resistance before seeing a push to the downside after its current consolidation. Take note that the dollar is possibly weakening considering its low GDP stimulus, low unemployment figures and the current COVID situation that it's in. Furthermore, the upcoming U.S elections will play a significant role in its currency strength too. Should the price hit the high of 1.19, consider shorting.
The price may remain consolidated in its channel and push to the downside. Do your own due diligence before trading.
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EURUSD Double Top PatternSome resistance forming at the 1.19 key level. Double top pattern seems to be forming.
This could be a good place to catch a quick intraday short trade.
EURUSD: Candlesticks & Scenario For Next Week
after 1 month long bullish rally on EURUSD,
it looks like we finally see a strong reversal signal.
on a daily, the price went rejected after an attempt to violate a key weekly resistance
and the previous daily bullish candle was eaten by a strong bearish engulfing candle.
in conjunction with rsi divergence, it looks like the market is ready for a pullback.
for now, the first goal is 1.1625. it's based on the 382 retracement of the last bullish leg.
I guess the price will need at least one week to reach that goal.
please note, that it is not a sell signal.
I would suggest looking for a safe entry on a lower time frame.
Simple Analysis (EUR/USD) : direction the Golden RationThe market is preparing to face significant resistance. In case of a breakout, there is a high probability that the EUR / USD pair will hit its golden ratio. Follow and share
Strong Bearish Reversal for EUR/USDHello Traders!
EUR/USD might be heading towards a strong bearish reversal very soon. Bollinger Bands and RSI both indicate an Over Bought Market and we are now approaching a significant Resistance Zone. That's three different confirmations. Keep a lookout for a reversal happening soon!
What's your opinion on EUR/USD? Do you agree or do you have a different opinion? Let me know in the comments!
Much love,
- ALPHALICIOUS
Disclaimer: This is my personal opinion of the current markets. I am not responsible for any trades that you may take part in. Please use your own analysis and research when trading and use proper risk management. Thank you!
