In our analysis of EURUSD, it's essential to highlight the presence of a double bottom pattern. This pattern, coupled with the strong support at the Fibonacci levels of 0.5 to 0.6, enhances the significance of the current situation. It suggests a compelling case for a potential upward movement, possibly resulting in a gain of over Good pips. Stay tuned for...
Hello traders,The EUR/USD pair achieved an initial break of the support of the ascending channel and stabilizes below it, reinforcing expectations for the continuation of the downward trend for the rest of the day, with a reminder that we are waiting to visit the 1.0495 level as the next main target. The moving average 50 forms negative pressure that supports...
EURUSD stabilizing above 1.07449 will support rising to touch 1.07756 then 1.08289 then 1.09075 stabilizing under 1.06914 will support falling to touch 1.06369 the 1.06036 Pivot Price: 1.06914 Resistance prices:1.07756 & 1.08289 &1.09075 Support prices: 1.06369 & 1.06036 & 1.05503 timeframe: 4H
EURUSD midterm looks bearish and we almost complet the big a wave around 1.067
Price on a bullish trend is currently on our favour with liquidity. Took out asian low with a Wolfe wave as well, reacted and broke the m5 market structure giving me the confirmation I was looking for. Looking for a continuation of this bullish trend with a 1:3 risk-reward ratio. Good Luck Traders...
Past Performance Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows. #EURUSD Technical Analysis Bears dominate, and EURUSD is in a breakout formation, confirming last...
Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ It is anticipated that the ECB will increase its Deposit Rate by 25 basis points in May and then again in June, resulting in a peak rate of...
Confirmation • Sell side liquidity taken out ✔️ • Break in Market structure ✔️ Entry • At FVG ✔️ Target • Above .08300
Heading into this week, I expect the dollar to remain strong and thus have more downside throughout all the USD pairs(see my other analysis). With EURUSD in particular, I would like the pair to retrace up a bit before entering any shorts. Something around 1.03500 would trigger my attention and as far as the targets go, I would aim for 0.99872 at least. However,...
Downward Scenario Sell under 1.0550 Target : 1.0490 & 1.0470 & 1.0370 SL: 1.0580 with 2% risk
I see a oportunity to go to sell , we can to work in the highest and lowest range of the before day!
This is not my preferred setup, but I just decided to take a little risk on EURUSD to see if this structure will work well. My risk management is in place, in case it fails.
.....................................................................................................................................................................................................................Risky entry, since the overall trend is bullish. Just trying to catch the reaction from the demand zone. Manage well. First target 1:1R
Price has tapped into the supply level, however, I would like to see price push up more before going back down. I will monitor this on LTF (lower time frame) and see if there is any sign of reversal before I sell. Remember to always trade with proper risk management.
Gonna be a big pippin month lets go no SL full margin trades only!!!!
Short-term Elliott wave view in EURUSD suggests the decline from May 25, 2021 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from May 25, wave (1) ended at 1.1664 and rally in wave (2) ended at 1.1909. Pair then extends lower in wave (3) towards 1.1522 and bounce in wave (4) ended at 1.1692. Internal of wave (4) subdivided into a double three...
Hello traders! Let’s look at today’s daily analysis. We see a double bottom that formed (not perfect) but if you go in the higher time like the 2 hour time frame you can also see it perfectly reject at 1.5707 and then it went up. Not only that but we see confirmation as it came back for the retest and rejected. This zone we are in is a zone it hasn’t been at...
Hello folks. As expected, London open being used to re-balance price. I expect there to be a reaction at the blue zone which I have highlighted. Here, I will monitor lower timeframe structure and look to catch the low of the week. If price just continues dropping, I will have to re-analyze. - Not a signal - Not financial advice - Do your own research