S/R is key According to marketkolor.com. Support and Resistance levels are natural turning points used to determine corrections. Support and Resistance levels are of utmost importance. They are used to determine possible continuation and reversal points. These points assist in forming patterns which aid in forecasting the next move in the price action. EURUSD speaks a short term significant Support/Resistence Zone between 1.0812 and 1.0847. On the immediate term, key levels indicate a significant break through between 1.0812 and 1.0847. While a key long term significant strength S/R Zone is reflected between 1.0812 and 1.0847.
Eurusd-3
EUR/USD Sell ResultEUR/USD Sell Result
EMA 10 - Redline
EMA 20 - Blueline
Timeframe 4h
Price cross and close below 2 EMA + EMAs slope down => Sell Only
Entry at close when the Price action signal (inside bar, pin bar, engulfing) confirm
Stoploss = High of Entry Candle + 1 pip
TP 1 = 1R
TP 2 = 2R
After TP1, move Stoploss to entry
From 10/03 to 20/03/2020
Profit 2R : 1,2,3,5,6,7
Profit 1R : 8
Stoploss 2R : 4
Total Profit : 11R
EURUSD - Wyckoff and Market PhasesHello Traders !
Today I would like to share with you an addition confirmation why I shorted EURUSD. I used Wyckoff Market Phases
Market Phase:
- Accumulation Phase: During a bull market, the accumulation phase begins when the informed investors usually enter their positions.
- Re-Accumulation Phase: As soon as the price leaves the accumulation phase and the new trend becomes visible, the phase of Re-Accumulation begins. Here, more and more investors are joining
the trend and ensuring higher prices
- Distribution Phase: We are currently in the Distribution Phase. At this stage, the market is often overbought, although the uninformed traders still believe that more bullish pressure is coming.
Afterwards the price will drop .
Wyckoff:
- This analysis clearly shows Wyckoff Theory.
1) Accumulation: The big players buy carefully
2) Mark Up: classic Up Trend
3) Distribution: Up Trend runs out of the steam and the market goes down or into a sideways trading range. The big players starts shorting the price.
4) Mark Down: classic Down Trend after distribution
Proof for Wyckoff: The market is ranging now for a while which clearly proofs the Distribution Phase on GBPJPY . Afterwards of a Distribution the Mark Down is following and the price will drop a lot.
I hope you guys could learn something out of it. Very important and nice theory.
Thank you and we will see next time
- Darius.
EURUSD – How strong are buyers?EURUSD – How strong are buyers?
Trend: Strong Sell
Support/Resistance:
R3: 1.10364
R2: 1.10141
R1: 1.10141
S1: 1.09572
S2: 1.09269
S3: 1.07715
Price action:
EURUSD currency pair is potencial if price can hold above first resistance level. If not then it is better to wait. But overall flow from buyers perspective has to rest for a while, to continue way up. So if price can break below first support level, then we can follow bears targets.
Potencial trade idea:
Bulls targets:
T1: 1.10141
Bears targets:
T1: 1.09572
T2: 1.07715
NOTE – We are trading EURUSD via the preferred trading setups
EURUSD – At the point where finnaly sellers will face offWelcome to our Academy. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
EURUSD – At the point where finnaly sellers will face off
Trend: Sell/ Neutral
Support/Resistance:
R4: 1.12649
R3: 1.11928
R2: 1.11730
R1: 1.11017
S1: 1.10840
S2: 1.08739
S3: 1.06702
Price action:
Overall eurusd trade is getting performance at very good potencial Bearish idea. Price close from previous weekly close on the bear edge. This means that sellers finnaly showing power, which will tell us what to do next. If the price will break 1.10840 Support level, then as a long bearish term, we can follow weekly analysis report and targets. If the price get declined then we still can see retracement from second resistance which is at 1.11730 level.
Potencial trade idea:
Bulls targets:
T1: 1.11730
Bears targets:
T1: 1.08739
T2: 1.06702
NOTE – We are trading EURUSD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
EURUSD 15M BEAR FLAG BREAKOUT SHORT CONTINUATION TRADE HOW TO USE THE STE PULSE COLORED BARS TO TRADE A BEARISH FLAG SHORT CONTINUATION TRADE.
Price Consolidation caused STE Bars to change to a Dark Red color and to rise up towards zero line.
STE Bars did not cross above zero line but bounced short again and changed to a light red color and increased in length.
Short Stop Order placed @ 1.0990.
Stop Loss placed above top of consolidation range.
You determine Take Profit
SUPER TREND SCALPING / EURUSD SCALPINGBY THE HELP OF TWO TREND WE CAN TAKE THE POSITIONS
BUY ENTRY : WAIT FOR MAIN TREND CHANGE TO GREEN / THEN TAKE A LONG FROM THE FIRST GREEN ARROW IN SHORT TREND YOU CAN EXIT ON NEXT RED ARROW . YOU CAN REPEAT THE SAME UNTIL THE MAIN TREND CHANGES
SELL ENTRY : WAIT FOR MAIN TREND CHANGE TO RED/ THEN TAKE A SHOT FROM THE FIRST RED ARROW IN SHORT TREND YOU CAN EXIT ON NEXT GREEN ARROW . YOU CAN REPEAT THE SAME UNTIL THE MAIN TREND CHANGES
TIMES FRAMES 15 /30 /1 HOUR
General Markets AnalysisBITFINEX:BTCUSD
FX:EURUSD
NASDAQ:FB
CBOT:ZT1!
AMEX:SPY
COMEX:GC1!
Bitcoin, EURUSD, Facebook, T-Bonds, SPY, Gold, etc...it is not important to make profit on a specific asset. What is important is to optimize operations regardless of the assets, clearly selected and constantly monitored.
Potentially earning $10,000 on cryptocurrency or forex, while maintaining a high risk profile rather than $5,000 with a low risk profile, won't get you very far and especially it's not the setting of the big traders.
If you intend otherwise to allocate capital to a diversified portfolio of stocks, commodities, cryptocurrencies, bonds, indices, investing in the long term then we are talking about other things.