Eurusdbreakout
EURUSD possible trade scenarioIn my yesterday's analysis on EURUSD for long, it actually didn't break the level i mentioned, so for now i am looking for 2 possible scenarios.
First Scenario:
Market is testing yesterday's lows, it could potentially break and may test the prior low as momentum on higher time frames is still strong so this could be one scenario.
Second Scenario:
As we have MACD divergence activity playing out, this could possibly break yesterday's lows and bounce, so kind of fake breakout.
So lets see how it unfolds, keep watching.
Trade Safe!
Thanks for your support.
EUR/USD BUY OPPORTUNITYForming a flag though some may call it a pennant, but either way market will break to the upside.
Buy at bottom channel line if confident for more pip potential or wait for breakout first to be sure and guaranteed.
No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to you.
HELPFUL VIDEO TO TEACH YOU:
www.youtube.com
www.youtube.com
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN PLEASE LIKE, FOLLOW & SHARE. ~ THANKS! ~
EUR/USD RISING WEDGE PATTERN SELL?Spotted another pattern forming in yet again the EUR/USD Market 30mins timeview.
Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside.
Ignore blue lines as those are depicting earlier pattern formations traded in a different timeframe viewing. Posted their charts but as the timeviewing was 5mins, tradingview only let me post it as a private chart so it can only be seen by others if i post the link to it as opposed to showing on my profile.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
EURUSD low risk short tradeEURUSD got a good run over the past few sessions, at the moment it is forming double top, chances are we may get a spike up and thereafter short term reversal, looking for shorts at current price and a sell limit at 1.1479, momentum is weakening across the short time frames as well with a divergence activity on the back of those times.
If you've your trading strategy, look for shorts.
Trade Safe.
EURUSD HARMONIC STRUCTURE IN DEVELOPMENTHi there, EURUSD is setting up for reversal. Watch lower time frame for buy the breakout and look for more upside. Clear break below and close below will change the bullish pattern. Good Luck.
When you try to take a position on the market, always study the chart from different points of view and never forget the 3 rules:
1st: Cuts losses!
2nd: Cuts losses!
3rd: Cuts losses!
NOTE: Looks like a corrective structure is making, still too early to tell but very soon we will see. If it is then buying the break out would be a NICE long-term position trade. For now, I am neutral.
NOTES:
- In either case, you should not risk more than 2%/3% of your asset.
- It does not matter if you lose a battle ... the important thing is to win the war!
If this analysis can be useful for you, leave a comment or LIKE!
Thank you for support!
EURUSD Possible ECB tradeEURUSD have been trading with in multi days bearish channel, so far it is testing the short term support with a compression underway, i am expecting the market to re-visit its prior lows and even lower to 1.1238., We have ECB rates decision today so likely this event can push the market. Watch out this market and Good luck trading.
EURUSD D1 Analysis . All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
EURUSD X-FactorEURUSD
the X-Factor: this is something i have noticed on certain charts. The X happens when a wedge forms before the final drop. i then watch as the reversal hits the extended trend lines. if it hits certain markers then i trade. if not then its null.
sell then look for a buy :)
like, follow and comment ;)
EURUSD and invisible power behind price changesHi
Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction.
Also pay attention to Momentum – power behind price movements.
No momentum no price change.
Daily Chart:
H4 chart:
Cheers,
Jim
EUR/USD - Still ShortEUR/USD is still short on the long term as it's still under important ema's as we can see on the 4 hour timeframe. We can expect it to fall further below and continue its bearish trend.
It hasn't yet found a strong support for it to reverse back up. As long as the broken ema's (200 and 50) keep acting as resistence, this move is active.
First TP: 1.1455
Second TP: 1.1410
Make sure to leave a like if you agree if this move! Your support is appreciated.
Trade safe.
EUR/USD - 100+ Pips Opportunity - ShortEUR/USD has broken down the 20 ema and 50 ema for the first time since the bullish trend on the 4h chart. Meaning that the trend is weakening and shifting of direction.
We have a valid continuation pattern further below if the 50 ema on the 4h chart holds as resistence.
As soon as the 1.16 level is broken, EUR/USD will continue its bearish trend.
One could enter this position by placing a pending order right below 1.16 say at 15.87.
First TP is at 1.1505
Second TP is at 1.1405
Trade safe!