#EURUSD. 🔴 M15. Short. (#EuroUSDollar).
The Entry Price is higher than the Market Opening Price.(✔️)
M15 imbalance on the potential of the H1 range. (✔️)
Below the level of the First Seller of stock options. (⚠️)
ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see.
According to my entry point, the first target has already worked out, and now the imbalance is retested.
input: 1.10066 (on imbalance test)
stop: 1.10322
tp-1: 1.09799
tp-2: 1.09276
Eurousdollar
EUROUSD Perfect FiboEuro followed perfectly is downtrend from 2008.
Rejections on Red Circles :
- ATH 1.60$ (2008)
- Rejection Fibo 78.6 at 1.50$ (2008)
- Rejection Fibo 61.8 at 1.40$ (2018)
- Rejection Fibo 38.2 at 1.25$ (2018)
- Rejection on Trend at 1.20$ (2020)
The demand is is growing around 1.14$.
if this correction is correct the next Leg after a breakout will push Euro to retest 1.25$.
Happy Tr4Ding !
Euro turn a momentum of continuation of long!!!In this analysis, Euro is continue with its trend and then, we need a entry in the confirmation of this bullish rising wedge, also it's similar of Bitcoin that Bitcoin too is into this rising wedge, it's a bullish signal that US Dollar is weakness again.
But well, I hope 2 or 3 hours more to take a true confirmation to entry in long in Euro!!!
EUR/USD Technical Analysis (Monthly Basis)The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May.
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels.
It contains only personal views and opinions. Does not contain legal investment advice ...
EurUsd Buy trade idea!EurUsd seen on the lowest low on all time-frames, However I've checked reversals and have also been seen on most time-frames for an uptrend reversal. So wait for more reversal(candle, patterns)for a bullish trend Then buy!..Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
EURO Has Completed Bullish Setup Against US Dollar On Long TermAfter successful BAT A very big bullish Shark pattern:
Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair.
Before this Shark pattern we can also examine that from December 2015 to Feb 2016 the euro completed bullish BAT patter and started is very big bullish rally from the potential reversal zone of this BAT. The rally started from Jan 2016 and ended on Feb 2018.
This time the bullish rally can be stronger than the previous one because this Shark pattern is more bigger than the previous bullish BAT as it was started from December 2016 and completed in March 2019. And this month we can see that the price line of euro has taken bullish divergence and hit the sell zone that I defined as per Fibonacci sequence of bullish Shark pattern. But after hitting the sell zone the priceline again dropped down in the potential reversal zone.
Why priceline moved down in PRZ level again?
Now the question is that what was the reason that stopped the priceline to completely enter in the sell zone to start a bullish rally. To know this we need to switch to the week chart. And here we can see that the there are four simple moving averages working as resistance. The 25, 50, 100 and 200 simple moving averages and the priceline is not able to cross up or break out even a single of them and moved down.
A formation of falling wedge:
On the same weekly chart we can also observe that the price line is moving within a falling wedge since November 2017. We can see two more touches by the candlesticks at the resistance of the wedge and after these two recent touches the resistance of the falling wedge is more confirmed. Now at this time the candlesticks are hitting at the support of the Wedge. I have also so placed the volume profile on the complete price action moving within this wedge and as result we can see that the trader’s interest is very low below $1.10 and the point of control of the volume profile is at $1.14. This time the price line is moving in the area where the traders interest is very low therefore there are strong chances that the euro will take the bullish divergence from the support of falling wedge and move up at least up to the point of control of this volume profile.
Oscillators and indicators:
If we see some indicators and oscillators then we can see that relative strength index (RSI) has already visited the oversold zone therefore I am expecting that it will not enter in oversold zone again. The moving average convergence divergence (MACD) is strong bearish and the stochastic is in bear cross. Once we will have bull cross from stochastic and MACD will be turned weak bearish from strong bearish then we can expect that the priceline will make another attempt to break out the resistance of the wedge.
And once the resistance of the wedge will be broken out then we can expect a very powerful bullish rally that can totally change the market balance between Euro and US dollar.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
EUR-USD down with wave CBy continuing the analysis of EUR-USD, wave B was completed with a retracement of 61.8% of wave A and now is forming wave C. If this wave is the last of the correction phase ABCXABC, will depend on how many sub-waves it will be composed (three the correction will continue, five the correction will be completed).
Possible target of wave C:
1.2240 wave C = 0.618 wave A
1.2162 wave C = wave A
1.2036 wave C = 1.618 wave A
1.1831 wave C = 2.618 wave A
EUR-USD BearishEur-Usd has failed its return above 1.24 after the rates decision of yesterday by the FOMC, and in doing so, it didn't break the trendline resistance. Now is likely a decline of the currency pair as far as 1.2050 area (about on the support trendline), and, in case of the breakout, in 1.1900 area.