Eurusd4h
EURUSD4/HR charts
The price is in a downtrend and looks like it will continue down depending on the news this week. Price may retrace 1 more time before another "Short" breakout
100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016
The primary trend of EUR/USD is bullish on charts and price is trading above the trend line in its daily chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support at the level of 1.12232. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
EUR/USD
RECOMMENDATION BUY TARGET 1.12750
The Major trend of Euro it is showing strength for buying If it crosses the resistance level then one can initiate buying position in the pair . If it crosses the level of 1.12689 then it can test level for the target of 1.13000 with second target at 1.1430 with the stop loss 1.1175.
CHART FORMATION:-
Euro is trading in a range and trading near the trend line. Breaking the support line will lead to upside movement. Eur is trading above the 50 DMA with a negative bias.
INDICATORS:-
RSI is trading near to 65 levels with a positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustained above the zero level line.
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(6E) EURUSD - WEEKLY FORECAST!Hello Traders!
Sell limit - 1.09134, S/L - 1.09900, T/P - 1.06000
Best regards, Powerful Traders.
EURUSD _ Three Potential Trade !The price last week close above the previous swing high (resistance level) , so we will waiting for a rally movement this week , there is three potential trade each one has its own criteria but all of them under the harmonic movement umbrella.
A- Potential Trade no.1 (short)
1- Potential Cypher Pattern
2- 0.618 Fibs retracement level for AB leg
3-Valid structure level
B- Potential Trade no.2 (Long)
1- Potential 0-5 Pattern
2- 0.500 Fibs retracement level for CAB leg
3-Valid structure level (Previous resistance become support)
C- Potential Trade no.3 (Short)
1- Potential ABCD Pattern
2-Valid structure level (Major resistance Level)
Note :- These trades are potential and may will be adjustable (under market circumstances) or become not valid
EURUSDThis is EURUSD 4h.
This is a great opportunity for getting long in this trade as evidence by the price action in side the PRZ, the whole PRZ is tested but not breach meaning that the previews level on the left, as Jason Stapleton always says "Look Left structure leaves clues" and akil also says that. The level is holding. RSI is climbing so we should be climbing also. But don't be greedy take only what you need. Your trading strategy should tell you where that is, but right now this could classify in my book as a double bottom. There are safer ways to trade double bottoms ask those guys at trade empower they teach alot better than me.
So trade carefully and own your trade, learn don't imitate others.
If you like this pls. comment of give a thumbs up. so that i may know my effort is reaching you.
