Eursdbullish
EUR/USD : BULLISH GARTLEY PATTERN IN H4 TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #EURUSD
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Strategy: Bullish GARTLEY With potential Max over R/R 2.00
A clear chart is Always the best business card for a trader.
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The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
One more Attempt towards 1.2000$ before Big correction downside.As long as trading is conducted above the range of 1.1854, you can expect the EUR/USD to continue growing to the resistance area of 1.1905, where I recommend taking the profits. However, A consolidation above 1.1905 will open a direct road to the highs of 1.1949 and 1.2010 ( One more Time possible to hit 1.2000$ before big correction downside coming monthly) If the pair again falls or fail to break 1.1890 then returning possible towards support levels larger support of 1.1810$ and 1755$.
Events: FED meeting Wednesday evening, expecting some more clear fed about Policy, I am expecting short term Bullish dollar.
Indicators:
Moving averages Trading is above the 30 and 50 daily moving averages, which indicates an attempt by the bulls to resume the upward correction of the euro.
MACD indicator (Moving Average Convergence / Divergence - moving average convergence/divergence) Fast EMA period 12. Slow EMA period 26. SMA period 9
🛑SUPPORT/RESISTANCE
✅S1= 1.1810
✅S2=1.1725
✴️R1=1.1890
✴️R2=1.1945
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EURUSDokay this is the M15 once the market opens it probably going to continuing the down movement hopefully with a gape then once it reach the area of 1.12074 i will be looking for a buy with a target price of 1.12575 but if thw worst case scenario happens i will still be looking for a buy at the price of 1.11964 with the same TP
EURUSD: New upside movement due to pullback From Support 1.1160Technical Market Outlook:
The EUR/USD pair has tested the lower level of the support range located at 1.1165 and bounced towards the short-term trend line resistance located around the level of 1.1265. Pair Remain in sideways to bulls side we expecting to test the nearest technical resistance 1.1325 if price break above 1.1325 we could see another Resistance upside 1.1425.
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Any violation of the level of 1.1148 will accelerate the sell-off towards the next technical Monthly support seen at 1.1040. So, it is important for bulls to defend this level.
Since start June many bearish candle signal showing on the monthly base chart.
1- 5th June (Shooting Star)
2- 10th June (Pin Bar)
3- 16th June ( Doji Candle)
4- 19th June ( Bearish Engulfing)
5- 22nd June ( Short Term Trend Break line)
🛑SUPPORT/RESISTANCE
✅S1= 1.1165
✅S2=1.1040
✴️R1=1.1325
✴️R2=1.1430
Long term Outlook EURUSD:
On the EUR/USD pair, the main long-term trend is down, but the local uptrend continues. The key long-term technical support is seen at the level of 1.0780 and the key long-term technical resistance is seen at the level of 1.1540. Only if one of these levels is clearly violated, the main trend might reverse (1.1540) or accelerate (1.0786) And more sell off 1.0450
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EURUSD Trading Plan and Analysis for the next weekDear Traders, it's been a very good week for the EURUSD buyers. For the last two weeks, I have been suggesting you to keep buying the dips in EURUSD. This week finally I have managed to close all my trades in EURUSD with good profits.( My plan was to keep buying the dips between 1.0780-1.0880, analysis attached below)
Now that the buys have been closed, how to trade it next week?
As you can see from the chart, EURUSD ran into resistance at the 100D EMA
and it appears today's daily candle is going to close in the form of a Long-legged Doji which indicates indecision in the market.
So, next week I am going to observe if EURUSD makes another run towards the resistance area at 1.1035-1.1060.
If the resistance holds, I plan to sell EURUSD at the area mentioned above(1.1030-1.1060) for at least 80 to 130 pips take profit.
Possible Buy Set-up for EURUSDPossible buy for EURUSD
- Recently hit long term support trend line (long bias)
- Moving within parallel trend line channel and hit support zone (long bias)
- Bounced support trend line at least 3 times (validates long bias)
- Also hit local horizontal support zone (long bias)
- Price also moving slowly above both 200 EMA and 50 EMA (long bias)
Stop loss set at 20 pips and Take profit set at 100 pips.
EUR/USD Long Term ForecastThe D chart of EUR/USD has formed FULL ELLIOT wave pattern.
The pair is currently making corrective waves in super cycle as well as cycle.
More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave.
If the critical support broken, then there will be chance of flat correction waves as well.
Description of labelling:
• Red - Super cycle
• White - Cycle
• Blue - Primary wave
For more information, follow our updates.
EUR USD daily levelsHello.
Very simple trading strategy.
Wait eur/usd to test 0949 and if it comes back and breaks 0962 buy, The same with sell!
If it breaks 0949 then we are going down. If it breaks 1107 we are going up!
Market can be choppy and range between those levels, I will update during the day!
Cheers.