Eursud
WEEKEND REVIEW: DXY has PEAKED, move starts towards 82Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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Long EUR/USD for short-term correction/reversalEuro is oversold across most pairs.
GBP is also oversold.
US Dollar index looks like it might top out at previous high soon.
RSI is facing downwards, which is why I set-up buy orders around 1.1550, 1.15650, 1.15750.
I think EUR can go down a little more, to the previous bottom around 1.15500, before correction/reversal.
I'm in the trade at 1.15900, hoping to buy up more as it goes lower and bottoms out.
Target around 1.17200, feel free to take profit before that.
Most of us still confuse, realy?Right now, EUR/USD still make most of the trader confuse, however from my point of view the price now is preparing to move up as the pair fail to break important support and as we all can see the buyer start coming in
I see the current movement as a retracement as the price fail to break up fibo level at 78.6% (1.22886), expect the bullish signal at 1.22581 – 1.22668
However, if the price breaks level 1.22581 – 1.22668, most likely it will test the major support one more time and we need to pay attention on it
EURUSD - It's all about patienceEUR/USD is currently forming a descending triangle at 4H. Dview suggest bullish.
When it completes the forth wave, ride the fifth wave to the upside if/when price breaks kumo cloud, in that case:
- Go long with first target being 1.21720 and if continues upwards and break that level;
- Second target will be 1.25600
- If price refuses to break 1.21720, proceed carefully for a long term short trade with target at 1.15200
Look at chart for graphical instructions.
Overall trade time (expected till end of October).
Follow at your own risk. I am a beginner but I am hoping to learn through mistakes and feedbacks.