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Eurusdbullish

EURUSD : IT AIN'T MEEURUSD! This pair is finally getting back to its technical roots! Let's get into it. First.. when this pair topped and started retracement back toward its first support, we completed a nice Head-and-Shoulder pattern. You can see it started from the first real break of the order block right to where it went back down hard in it. Now you thinking, this means that this pair is due for a bearish run of some sorts. You would be right if it wasn't for.. Secondly... the symmetrical wedge that happened on the right shoulder. You see initially the wedge confirmed the bearish bias as the price broke down convincingly. As per technicals, the price played a few days in that order block and even closed under it for 2 straight days. Third.. our beloved indicators were telling us that something just wasn't right with this bear run. MACD already bottomed and somehow crossed and RSI started to pick up too. We had a surge in price afterwards that confirmed a reversal. You see that the price went to re-test the previous wedge that broke down. It touched it perfectly and went back to our resistance turned support. Now to finish this off, the price is now back to its uptrend. The few last candles are closing perfectly over that uptrend trend line (from the symmetrical wedge). Everything is pointed up from now but wow this got technical real quick! Here's what I'm thinking : EURUSD LONG: ENTRY : 1.1856 SL : 1.17936 TP : 1.20985 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
EURUSD Daily Short, 1 Hour looking for an up retracementOke so this idea is maybe a bit unclear, but I publish it anyway so that tomorrow evening I can look back and see how it evolved. At the moment the daily time frame is a clear short, if you plan to hold your position for a few days then dont even think about buying it. The 1 hour time frame looks more interesting, as you can see it has developed a so called bullish wedge, meaning price will soon break out to the upper side of the wedge. Since the daily looks very bearish I predict that we soon see a retracement around current levels up to 1.1840 before the big down move continues. How to trade: If you got guts then scalp a buy for 30-35 pips and then enter a short for 100 pips. If you play it safe then wait for the spike and enter a sell. Tomorrow when this upmove has happened I might publish a new EURUSD idea based on the daily time frame.
by JoshFX1
2
EURUSD Bullish Break Out PossibleEURUSD on the daily time fame shows a possible interesting setup. Its approaching the next resistance while the Stoch indicator has enough fuel left to go up forward. Only thing missing yet is the ADX green line crossing over the red line. EURUSD will be interesting to keep an eye on as it keeps climbing up. When on the ADX the green line crosses the red line its a nice buy signals towards 1.18 Keep an eye on EURUSD and once its ready to go I will update this idea with a "trade active". Based on the setup it could also still bounce back at the resistance, will all depend on how the indicators look at 1.1680
Long
by JoshFX1
EURUSD: HELLO!Hi traders! EURUSD is kind of stuck. Other pairs have moved nicely vs the USD but EUR is doing its thing right now. It wicked both ways and it is still hanging in that order block I drew from the last analysis. I see a lot of upside since EUR since to be the last one left. DXY topped MACD crossing on the daily timeframe RSI positive still Bounced off 0.5 FIB extension, which is normal market behavior Here's what I'm thinking: EURUSD LONG: ENTRY : 1.1841 SL : 1.17670 TP : 1.20939 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
4
EURUSD Bounce Back*Note that Draghi has a speech this afternoon so EURO pairs bring more risk today On the 4 hour and daily time frame EURUSD bounced back of a support level. For this idea I decided to use the 4 hour time frame because it better shows the volatility. Based on the fact that EURUSD bounces back on a support level on multiple time frames its a strong sign that the price will go up. All though the strength of the move will depend on the Draghi party this afternoon. Use a tiny position with a 80 pip stop loss, add another position when the next resistance at 1.1942 gets broken!
Long
by JoshFX1
EURUSD - Clean channel trade Hi guys, I mentioned last weekend that the EURUSD would have a choppy drop after last Friday's push. I didn't expect it to be quite this choppy, but there ya have it. We have a pretty clean channel on the 1 hour interval. Longer term, this pair is looking more and more bullish. Not what I would expect, but the charts seem to confirm a bullish build-up for the EURUSD. That said. if we get a nice news push to the downside, we can enter long. I have 2 plans: A. Wait for a break (confirmed break) above the channel and go long. 1.0800 is in sight if we go long, but it will take a week or longer to get there. B. If we get a 'non-technical' push near the bottom of the channel, I'll go long. This would be ideal, but we'll see if it happens. The long term barometer shows a nice double bounce off of the 50 level. The EUR should make another strong push near 80. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Long
by riffster21
2