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EURO-USD

Big Bear Trap EURUSDI see a Bear Trap in the Price Range beetwen 1.1100 - 1.1160. I my View we see new Highs in the EURUSD. First Target is the Area by 1.1250 In this Area is possible that Short Trades comes in the Market with Stops above 1.1270. But I see not potencial for a big downside move, which change the upward Trend. Speculative Trader goes Long and carefully Trader wait the Monday move and a confirm if we see stable Prices, after the Friday weakness. First Target 1.1250 and second Target 1.1350 Good Luck Michael
Long
by Michael_Frank
2
EURUSD Wedge timeHey hey! So far, we're on track. Attached find the yesterday's bounce-up-break-down idea. Now we're going to check whether we should sell (60%) or buy (40%). Why? The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough. I'll be updating you as soon as a trade will be placed. Tell me what you think in a comment.
by adamnkiss
1
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