Euroshort
Eur/GBP_1h_ShortShort position taken – 1H – From Monday in daily time frame we had LH and price is struggling with the descending komu in daily. In 4H price broke last week level and also a daily S, and today it broke the last low which made last high and pull back so I enter the short position and the TP is the Monthly S.
in: 0.85771
TP: 0.85000
SL: 0.86100
R/R = 1:2.27
I did say SHORT THE 💶 EURO💥Hahaha 😂😂 okay... The #eurusd went nuts after I posted my idea but we can clearly see that the idea was right.
The reason why the pair went nuts is because of the data released on Thursday but NFP came & it did the things.
Anyway just keep shorting 👎🏾the EURO 💥🥳😋📉
This is not Financial advice. What you do with this information is at your own accord. I am not to be held liable for any damages incurred.
EUR/USD - Trading range. Trend analysisTrend analysis:
- As you can see on EUR/USD daily chart, we are currently proving bearish range pattern and thats why it's important to follow this trend in long period of time (Predictable ending on green support zone). But in the short term we can expect correction to resistance level (Price on red line). As a trader, I recommend you to wait for more correct signals to open position in short time.
Chart pattern:
- Head and shoulders (finished)
- Range pattern remains (functioning)
Technical indicators:
- RSI: market is oversold right now at 30 level (Bull signal)
- MACD: market is still bearish cause of MA lines are moving away from each other and overall trend is going down (Short, Bearish signal prevails)
- BB: Volatility increased after down movement (Bull signal in short term, Bear signal in long term)
- MA (10,20): MA10 going rapidly down then MA20 (Bear signal)
= Bearish movement in long term, Bull movement in short term
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EURUSD, short will be. No activity on previous downward.Hi friends. Eurusd want to go down to market levels (i mark it green color on the chart window). We dont have good trading activity on previous downward so i think it's time to repot more productive short. Levels thanks to X-Lines. Volume analysis thanks to "Earned Pro" script.
Time to short the EuroThe current dead cat bounce in the Euro is impressive but is also an opportunity to open a short position in the EUR/USD pair. Price is getting squeezed between the rising support line drawn from 2000 and the falling resistance from the top of July 2008. Good places to increase the short position gradually is right now at 1.128, then the top of the falling resistance channel at 1.15, and finally the .236 Fib line at 1.165. Your stoploss should be decided based on taste, but 1.20 seems reasonable. The initial target is 1.04. Further targets can be determined once we reach the first one, targets as tempting as 0.82. As it stands, this trade has a 1.7 to 2.5 risk reward ratio based on how you position your short entries.
I have to say I'm not much of a currency expert, but this my simple prediction from what I see.
EURO vs's Potential $1.17 ResistanceMy Fellow Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
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ANALYSIS:
The EURO appears to be struggling at $1.17, which should turn into resistance. If the previous overhead diagonal resistance continues to act as support, we can see the EURO funnel down to re-test support at $1.1686. Moreover, as new COVID cases in Europe are on an uptrend, this bearish narrative seems like a not too distant reality. Especially as we are seeing the 20ema wanting to reclaim its dominance over the 9ema.
#EURUSDANALYSIS BEARISH CONTINUATION OCT 11TH - 16TH ?Hello Traders,
Hope everyone in (CANADA) enjoyed the #Thanksgiving long weekend!
Here is our analysis of #EURUSD
Price broke key support $1.18000/1.17500/650
We wait for a corrective move to the upside, and look for signs of bearish price action continuation to 1.15 PRICE ZONE
Always risk ONLY what you are ok to lose.
The Trading Regime.
OANDA:EURUSD