By reviewing the 2-hour gold chart, we observe that after yesterday’s drop from $2480 to $2438, the price stabilized a bit in the $2438 to $2444 range. With increased demand, it has managed to rise to $2466 so far! The purpose of this rise was to fill the liquidity gap that was created yesterday. Keep an eye on the price’s reaction to the two levels of $2466.6 and...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
The price action on EURUSD remains strongly bullish on a daily time frame. With 3 consequent higher highs and 2 higher lows, the market is trading in a healthy bullish trend. I believe that the pair has a good potential to continue growing. Probabilities are high that the pair will retest the current high - 1.1047 soon. ❤️Please, support my work with like,...
Today we are monitoring EURUSD for a potential sell. First entry at 1.10038 (current price) and second entry at 1.1.219. stops above 1.10462. Our targets are below 1.0940. Use proper risk management.
With EUR/USD, price has traded into the discount range, and we've already reached one of my higher targets. If I were to consider a swing trade higher, I’d need to see a 1H market shift and a retest strategy play out. However, with today’s news events, I’m not sure about committing to that. we’re currently in premium prices, I’m focusing on scalp trades only...
I was bullish on EURUSD yesterday; but well things move totally opposite though as compared to GBPUSD. EURUSD was capped by PZ and flushed down on data, but it made a good test of double support and also where my previous buy level (given on Wednesday) is and market gave a good rally of 40 pips to strong level before pulling back. Given the somewhat bearish...
Double Signal on EU & EJ Today's Analysis after a rough day. Looking forward to sell EU and Buy EJ tomorrow
The last upward movement showed a sign of reversal, especially in the H4 chart. It offers a good RR for short position from this level. CHEERS!
daily chart of EUR/USD, i observe a significant consolidation pattern forming between the major support level at approximately 1.0400 and the weekly resistance levels near 1.1200. The pair is currently trading around 1.0911, showing a potential breakout scenario. >> Key Levels: Weekly Resistance: The zone between 1.1000 and 1.1200 serves as a strong...
The EUR/USD is nearing a significant supply area around 1.10500, with the pair currently showing signs of being overbought. The latest Commitments of Traders (COT) report highlights that retail traders are largely bullish on the pair, adding to the potential for a correction. The focus now shifts to the upcoming release of the Consumer Price Index (CPI) data for...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside falling channel and fell to support level and even lower support area. After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel. Also, price broke $1.0810 level and later...
Is the EURUSD on the verge of a major breakout, or are we heading for another disappointing retreat? Once again, we’re sitting above the 1.10 zone, and the price has moved into the upper range territory. Since early 2023, EURUSD has been stuck in a weekly range between 1.05 and 1.104, with only one quick rally to 1.12 that was quickly faded. Are we finally...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.100. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.103 level. P.S The term oversold...
Technical Confluences: - Stochastics just reversed off Overbought conditions in H4 - Price bounced off 123% Fibo Extension levels which coincides with a Supply Zone from before and also the top of a small Parallel Channel - Looking at it move towards at least the lower end of the Parallel Channel Fundamental Confluences: - With so much of rate cut hype priced...
15th August DXY: Possible Inverted Head & Shoulder forming (retail sales data pending), price above 102.70 can trade up to 102.90. Below 102.45, invalidates IHS, could trade down to 102 support. NZDUSD: Sell 0.5985 SL 20 TP 40 AUDUSD: Likely range bound, Buy 0.6585 SL 20 TP 60 GBPUSD: Buy 1.2875 SL 25 TP 60 EURUSD: Sell 1.0990 SL 20 TP 45 USDJPY: Could...
I think that EURUSD has a nice potential to go up after a confirmed breakout of a key daily/intraday horizontal resistance cluster. After a breakout, the price is currently retesting a broken structure. The price already found a minor support on an hourly time frame. I believe that the pair will reach 1.1035 level soon. ❤️Please, support my work with like,...
EURUSD recently experienced a surge, breaking above the previous month's high (PMH). However, the pair encountered significant resistance near the 1.1000 level, which led to a downward movement after the initial breakout. Following this upward impulse, the market has now entered a period of consolidation. The price is hovering close to the previous month's high,...
Based on the H4 chart analysis, we can see that the price is falling from our sell entry at 11.1016, which is an overlap resistance Our take profit will be at 1.0962, which is a pullback support level close to 50% Fibo retracement. The stop loss will be placed at 1.1051, above the swing high resistance High Risk Investment Warning Trading Forex/CFDs on...