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EURO-USD

EURUSD - Contradictions in one picture - Trading IdeaHey Everyone! Yesterday, we were buying EURUSD with a good 1:3.2RR win. Since then, my view has changed a bit. Let's look at this 1h picture. Reasons to buy: It's still going higher, making new highs and new lows (we call it an uptrend) The trendline is still valid and acted beautifully when it came to hold the price This retracement can be retest of the trendline, then we go up, up and away If you look at daily chart, according to price action it can still hit the previous shadow of 9 nov. Reasons to sell: I have seen it many times, making new highs and lows and then, out of the blue it just broke down with candlesticks like that On 1h and 4h we have a double top which is even more confirmation Candlesticks on 1h shows loss of control by the bulls All things considered, I will be monitoring this trading idea closely as this can be a bear trap as well - a moment when everything shows that it will go down but in the end it goes up - and I rather wait than jump in for no reason.
by adamnkiss
$EURUSD | Bullish Targets Defined | Predictive/Forecasting ModelHello Traders, There is a lot of action going on right now around Euro because of the French elections. Taking a purely technical look at EURUSD, the Predictive/Forecasting model has defined the following BULLISH targets. Very High Probability - 1.10444 High Probability - 1.11140 Low/Medium Probability - 1.12039 Highlighted in faint grey is a background geometry that I'd pay attention to through the corner of my eye. However, it has not posed any significant pull on the price as of yet. For those that are not familiar with the Predictive/Forecasting Model, it is the method taught by David Alcindor, known as "4xForecaster." I was fortunate enough to be one of the few students to take his course and learn the "magic" behind the very powerful model. For historical reference, the Predictive/Forecasting Model was used during the American Elections as well. I have linked the ideas below. Best, Chartistry
by GWaves
3
EurUsd Weekly Bullish Break-out!!Last week the EurUsd clossed above the resistance and upper range! Stoch Rsi clearly shows a bullish cross over and Adx shows a bullish trend with trend strenght soon aproaching the very strong level. The upcoming week theres a high chance we will see an attack and possible break of 1.10. If you look at my published ideas you also see that earlier I published a dollar index analysis which shows that the Dollar Index might break downwards from its range. Some people will say the eurusd will close the gap. I say that if it was going to do that we already had seen it last week. The drop back below 1.09 on friday was very likely to be a correction from the gap and upwards trend since in the end of the day EurUsd went back towards 1.09 and close just 7 pips below it. How to trade: Buy the possible dips, use a 60 or 80 pip stop-loss. Monday is a banking holiday so that real action might start on tuesday
Long
by JoshFX1
EURUSD 5th wave setupEURUSD looks to be in the process of completing a so called 5th Elliot Wave. For this its important that it will break to current resistance. When this happens this 5th wave might go to 1.09 and possible beyond if the upper range breaks. Stoch Rsi shows strong buying pressure and Adx shows that bullish trend is stronger then the bearish, however the red line that indicates trend strenght still needs to climb a bit further. If this black line goes above 25 and indicates a strong bullish trend then a break-out of the bollinger bands is highely likely. Buy at current market price with a small position and be ready to add more, or buy the dips
Long
by JoshFX1
EURUSD Bearish Engulfing Week to Keep Downside Pressure IntactFor the better part of March, the EURUSD looked relatively bullish, particularly the March 27th close above the 1.0825 handle. The level dates back to 1999 and was responsible for the February 2nd bearish pin bar earlier this year. Moreover, 1.0825 is the 38.2% Fibonacci retracement when measuring from the 2016 high at 1.1615 to the current 2017 low at 1.0340. All of this means that the March 28th close at 1.0814 was a significant development. It signaled that the earlier bullish break of 1.0825 was false and that a move lower was likely. Note that the high of the very next session (March 29th) was 1.0826. Sellers have been in control ever since. From here any retest of the 1.0712 handle could present an opportunity to get short. Key support comes in at 1.0635. A daily close below that would pave the way for a retest of recent lows near 1.0520. Adding to the likelihood of further losses is the large 260 pip bearish engulfing pattern from last week. The move is more than enough to keep my bearish bias for the single currency intact.
Short
by Daily-Price-Action
EURUSD Bulls Have a Steep Hill to ClimbThe EURUSD has enjoyed four positive weeks in a row since catching a bid at 1.0500. The pair continued its slow and steady rally last week with a Tuesday bounce from the 1.0712 support area. However, sellers have yet to achieve a daily close above the 1.0825 handle. This is a level that dates all the way back to 1999, so a break here isn’t likely to come easy. The 1.0825 level is also the 38.2% Fibonacci retracement when measuring from the 2016 high at 1.1615 to the current 2017 low at 1.0340. As long as the pair trades below this area on a daily closing basis, my bias remains weighted to the downside. With that said, only a proper sell signal from resistance would be enough to get me off the sideline. For now, the jury is still out on whether the EURUSD has carved out a four-month inverse head and shoulders pattern. For that to become a probability rather than a possibility, I’ll need to see a daily close above 1.0825.
by Daily-Price-Action
EURUSD DAILY LEVEL REJECTIONEurUsd struggling to break 1.0815 making a triple top. Much indecision in the EURO zone with the French elections. An ending diagonal has been formed and what is most likely to happen is a break of the 1.0825 level to break all the stops, and then a massive drop of the institutional traders with the money in the market at the best price. Sell limit at 1.0825 is a great option, but I will see what happens in the zone before shorting. Trade carefully!!!!!!!!!!
Short
by lluiszardoya
1