EURJPY Technical 240minsExpecting Retracments this week to resistance region before we start to make more lows.
EURO-USD
EUR/USD bullish rally inbound!?Following my Forex Market Breakdown Volume 5 youtube video, EUR/USD has played perfectly into our hands as outlined.
Price has fallen back into strong daily support between 1.29000 - 1.30000. On the above hourly time frame we can clearly see strong rejection to break below this level with perfect wick rejection which could, more or less, be market manipulation to stop hunt early long traders.
Look more clearly at this zone on the monthly time frame...potentially 6 strong wick rejections of this exact zone also coinciding with the previous broken lower high initiating a shift in the previous bearish trend in the long term.
Yes 1.14000 has previously been rejected as resistance but this only gives added fuel to my idea of a valid pullback to the downside to allow big players to obtain greater long entries.
The rest you will have to work out for yourselves... From here we have too potential long entry opportunities. Personally I would prefer price to retest 1.31000 before rallying to my first target of 1.136000 and then if successfully broken all the way up too 1.14000. However, price could also fail to retest 1.31000 and instead rally straight from here.
With all this in mind, it is important to take note of these two targets: 1.136000 & 1.14000.
Enjoy!
EUR/USD forecast Last week was positive for USD due to few main fundamental factors. First of all, positive negotiations between US and China. Also Fed chair Powell expressed optimistic view on US economy. And finally GDP data were better than expected. But there is a trick. Do you know most of these forecasts are done by banks? – Well, now you know it for sure. If you monitor forecasts, you should notice how sometimes they change a few times before data (like GDP last week). Nothing mysterious about it – banks make better conditions for their positions.
EUR/USD was consolidating and reached the 1.14200 range as per my previous EUR/USD analysis. At the beginning of this week I think we will see more choppiness before impulsive wave will start. My swing targets are still the same – 1.12300, 1.11600, 1.11200.
This weekend I got many questions from my followers about gold. Guys, the dollar will continue its uptrend. So, expect the bearish trend in Gold. However, don’t jump into shorts right now. After the big drop last Friday Gold needs a pullback. So, watch 1305 – 1320 range for short signal. Anyway, I always keep my trading signals subscribers updated about all changes.
Good luck and good trading!
EURUSD back to bullish run, floating with 20 pips in profitOn the daily chart we've spotted a hammer candlestick showing strong rejection, alongside the Stochastics which is supporting our buy idea. If we go to the 1h chart, we can see how price broke and retested a S/R, so I'm very confident about a bullish scenario.
My second Bitcoin Trade.I entered with 9 buy order at 3516 that I think at least 3 of them will hit.
I considered 0.3219 as an SL.
VIDEO ANALYSIS: EURUSD...WHAT NEXT?In this video update, we take a look at EURUSD and how the pair could play out for the week. The Eurozone
is showing slowdown and the USD data continues to be softer which means both currencies could be weaker this week.
If that's the case then we are likely to see the market remain in a smaller range with breakout being the best
indicator of direction in the short-term.
euro USD Uptrend euro USD Uptrend this is just what i think Ill be Focus to use More strategy and show you how Thikngs Work
Stay Tuned #cryptomoneymaker
EUR/USD POTENTIAL SHORTPrice smashed through weekly support convincingly lots of bearish momentum watching for a pullback to the 1.13000 physiological level and 1.13266 weekly support now turned resitance will look for entry around here for a nice 1-5 risk reward trade down to the weekly support at 1.11606
EU Breakout situationEURUSD price has arrived to the 1.141 support zone. This support is an important zone. Breakout situation forming, because the price make double top again, with lower high like January 10-11th, and the price respecting the 20 day MA. If the price break the 1.141 support zone with an impulsive wave open short. The price can bounce from this zone(look at RSI:oversold(28%)) and we stay in the 1.151-1.141 consolidation zone.
Important news:
-EURO PMI: 10:00(GMT+1)
-Last:51.2
-Forecast: 50.8
-USA PMI: 15:45(GMT+1)
-Last: 54.4
-Forecast: 54.2
Follow suit like the sheep you are....1.14838 is a strong resistance level ( shown with purple arrows is where price has touched and bounced off this level ) We also have 2 very respected trendlines formed that have been used as strong support ( blue arrows show where price has touched them and bounced )
We can se price moving to the upside to our 1.14838 area of resistance, so we are in a buy position, but when price gets to this level we will be keeping a very close eye on it because there is a possibility that price will break this resistance and shoot up.... and if this happens we want to be there to catch this move and scale up adding positions.
So follow the trend lines like a sheep so we can laugh all the way to the bank...
EURUSDEURUSD price break a very important resistance zone with an impulsive wave. Wait the pullback near 1.1485, and that's a good entry for long position with Tp:1.156, and Sl under this resistance zone. I setup the stop loss here to 1.146, but I think its ok to set broader, or narrow.
EURUSD Weekly ForecastFX:EURUSD tested 1.1300 level and rejected about 6 weeks, a strong weekly level so
Keeping an eye on this weekly candle for long position.
good luck.
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EURUSD possible short pullbackAfter the strong uptrend should be a small pullback. Now the trend stays between two Fibonacci retracement levels. As I suppose, trend will touch the 38% Fibonacci level, which is ~1.3945 and then continue it's long uptrend. I'd better not suggest entering short sell, however it might be an easy win. I'd better wait fot retracement and enter long.
