EURUSD trade idea with respect to MAJOR BEARISH trend lineCongrats on our massive previous sell more than 1000pips+ acheived in description below. So now EurUsd seen tested bottom trend-line after seeing our Reversal candles and reverse religiously back to the top trend-line,. So with all due respect to the major bearish trend-line. I think at this crucial breakouts or reversal we could be in for a good sell. However if broken we go up to 1.14000 parameters otherwise down to 1.09000 Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
EURO-USD
EURUSDGood morning.
Breaking down my charts on a weekend as always, scoping out my entries for the week ahead. I am documenting a challenge for people new to trading which will be on youtube (£200-£1000) in 4 weeks. Eight days in and we are at the £750 mark!. If i get good reviews and response I will do a video of how I enter my trades. Please check out my educational idea on my profile to see one of the best ways small account holders can massively grow their accounts within minimum risk and low leveraging.
This looks like a nice set up for a short entry. I am in favor of 1.5000 but not yet! lets see the chart complete itself and get that breakout to the upside. With all this noise I do see a short set up with a very nice r/r. I will take trades like these all day long. I never see the point in entering a trade with a 1:1 r/r. You can lose trades like these over and over and with only risking 1-4% of your account the losses won't make much of an impact where as the wins can massively grow your account because the r/r is good!. When you get your zones plotted correctly too it highly increases your chance of these small stop losses from even being triggered. Just take a look at all my jpy trades this week, they all had minuscule stop losses but big take profit zones which were all hit!.
Hope you all are keeping healthy and safe during these times x
EURUSD - predestined to fail?Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong.
Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole Europe.
And once again, looking back to the days when the EU was founded, Switzerland took tons of criticism but made the right decision to stay out of it.
EUR was heavily rejected and the chart looks terrible.
I expect this one to drop to 90 cents.
Happy trading!
EUR/USD Sell Opportunity Higher timeframes are showing EU in an ascending channel pattern
Price has consistently pushed upwards and has recently interacted with the channel high parameters
Following this trend line bounce, we have seen the previous lows broken cleanly on the micro timeframes
If we get a solid close below, I would be looking at trying to get a scalp type entry with a small stoploss
I plan on taking 2 positions: one with a short term scalp target profit, and a longer term entry to hopefully catch the big sell off
EURUSD Probabilities For Pullback? Mid Term PossibilitiesTechnically exhausted bulls and tonight we have Businesses & Employment reports incoming from the US (ADP, ISM, and PMI) which are some key data representing the US economic outlook. Any unexpected numbers can spark volatility on this major pair. We had a 50bp emergency rate cut which was a surprise last night from FED and the aftermath outcome for the king was not good which we can know by watching over DXY around the floor (lately did rebound upward showing some correction hope). Exhausted euro bulls and oversold dollar make me think if tonight somehow the US passes a good outlook on those key reports then it can be a chance for the greenback for retracement over a shorter time horizon around 32.80% Fibonacci which line up with last time R1 of the W period pivot. I won't say that this major pair may have a full reversal at this point by knowing that FED has probabilities of 2 more rate cuts this year. It is the nature of the market to fall and rise back harder or rise and then fall back harder on the various factors of the underlying asset. Nothing goes to hell or heaven straight forward. Last night market players have pushed price further upward on this major pair after knowing FED surprise announcement which let me think psychologically and technically once at this point that there may not be more room left upward for this pair (overbought oscillators condition too). Even if the news doesn't favor the US tonight it has already priced in finely last night so possibilities can be just opposite creating a sell-off scenario (don't forget what happened with AUDUSD even after the cut by RBA last day). Even if reports end up being good for the US then also bear have some reason to push the price lower where market is already overbought for this major so that make some sense too. In both cases, it seems we may today have some pullback in this pair hypothetically talking.
EURUSD If You Missed Long...
many traders have missed long trade on Friday morning and now are looking for an opportunity to join the rally.
be careful with buying on current prices,
on 4H the pair has reached an important trendline and it feels like it is still respected buy the market participant.
the best option for you to buy the pair is to wait for a bullish breakout of the trendline and buy it on pullback
aiming at 1.09 level.
such a plan will give you a good r/r ratio and protection against the occasional price fluctuations,
please, support the idea with like!
thank you!
Ever Going Downtrend in EURUSD? EURUSD has been in a downtrend for quite some time now, after the retest at its support of the EMA 20. MACD is showing no signs of decrease in momentum, but there has been a slight decrease in volume traded compared to 2019. The next support support would be at S3, where some substantial profits can be made. Some may decide to long at the next support.
EURUSD: Bearish Wave & Breakout
without any hesitation, EURUSD has easily broken below a strong daily horizontal support
and now bears are pushing the market lower.
analyzing weekly chart it looks like a bearish wave proceeds.
The next target for bears will be a support line of a falling channel that the market is following from 2018.
if you still hold a long trade, I believe that the best option for you is to embrace the loss and stop struggling!
good luck!
It's a long time i am not posting analysis.. but i am back.BUYEUI don't remember last time i posted one of my analysis. It's passed so much time... but i think it's time to get back and share my ideas. So, here you are a fresh signal before the NFP. EURUSD has made a consecutively 4 bear bars on weekly charts. History is clear, usually when EU is too much oversold... pullback is coming hard. Next, we are on important pullback zone. 1.100 is an important price, and looking on H1 tf i can clearly see a MACD divergence, that can anticipate a rally up. I suggest you to wait eu to come back to 1.10100 again before buying, or enter now with small size and buy again later. The target are marked with red lines, also the possible retracement.
What do you think guys? Hope you appreciate :)
I'm back :)
Simo
EUR/USD Daily - Possible Bullish ReversalTuesdays close on the 1D chart gave us a bullish hammer. Depending on the outcome of Wednesdays daily close we may have a sign for a bullish reversal.
RSI is sitting around 35 which may also give the indication the trend has tired out.
Strategy:
Wait for Wednesday close.
If we close above 1.1025 (the hammers high) then I will be looking for a long position.
If we close below 1.1000 the possibility of bearish continuation is in sight, then I will be opening a short position.
EURUSD ANALYSISThis pair bounce from the top of a descending channel, making a head and shoulders pattern. right now, we got the neck of the pattern converging with a support zone, a .78 FIB level and a 4H timeframe ascending trend line. to go bear i would like to see a close below mentioned converging zone.
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