Prepare to sell EUR within next 2 monthsTechnical Analysis:
- In weekly, EURUSD is doing wave ((4)) in black
- In short term, EURUSD is doing wave 2 in red
- H1 right side is turning down
- H4 right side is up
- Weekly right side is down
Technical Information:
- If you're a Swing Trader, you can sell wave ((4)) in red around 1.16
- If you're a Position Trader, you must wait for wave ((5)) in black around 0.93 to buy
Eurousdsetup
Eurusd long running 3%Currently in eu long running 3%, Risk is of the table. Partials Taken. We are making higher highs and higher lows on the 1hr time frame, however we had a 1HR bos. I looked for a confirmation entry on the lower time frame in the 4hr buy range discount area. Protected my capital nice and quickly aiming for 50% of my trade @ 3%. 2 from 2 trades today. No loss. Trading day is over. I will the other half of this trade play out. Price action could still come down lower as there is liquidity to the left and imbalance below.
Check out my trade earlier.
Trade safe !! Have an awesome week!
Euro/Usd : Likely to continue in the same 100 pip range Speculative sentiment index is around 25% hence our advise is to find only long scalp entries in smaller time frames . Price likely to continue in the 100 pip range (1.2130-1.2250) with a minor support around 1.2100 ( EMA 50 area) . Breaking 1.2250-70 range top will push the price towards the major resistance around 1.2370.
Trend : Range
Signal : Long Scalp in 1.2130-1.2250 range
EUROUSD IDEAPrice action has once again proved that it works with news. Before the NFP news, price was near the dynamic support of the trendline and as the news broke, there was a sharp rejection to the upside which is normally expected when price meets a support. Drawing my harmonic pattern, i expect price to break through the upper trend line as the overall trend of EU has been downward for a while now. once cannot necessarily be sure of what the Market makers will do but i will be setting my various TP at the different resistance levels i have while using a trailing stop loss and proper risk management system.