EurUsd could continue its correction to 1.04 resistanceAfter the short-lived dive under parity, EurUsd has started a 3-week now consolidation between 1.01 and 1.03.
With a solid base now at 1.01, the pair could continue its up correction and test important 1.04 resistance.
I'm bullish as long as 1.01 is intact
Eurusdforecast
EURUSD IS GOING NORTH To Fill That Imbalance from Friday $The DXY has broke South. The news always causes the DXY to re-balance itself and the Market.
Price Moves for TWO REASONS
1. liquidity
2. imbalance- to re-balance the market. When the market is rebalance it is in its natural state. aka Consolidation.
Simplicity is always King. Indicators lag and you should never rely on them when trading live. The DXY is REAL TIME Price Action and is the Ying to the Yang on most US base pairs especially our ATM Pair
aka Broken Slot machine EURUSD!
Imbalances get filled 45-50%. That's a great destination to pull some or all profit$.
Never over leverage. This allows you always to stay in the game just in case the trade doesn't respond to your analysis. 1-2% max of your account always.
Remember Compounding is magic! Stay true to that formula and over time you will be amazed how your trading account$ will grow.
Always trust your set up. Stay true to your bias. Consolidation is normal and it's meant to jam traders up and also make you think that price isn't going in the direction the analysis calls for.
You are either right or wrong. You can't switch answers on the exam. So don't do it in the markets.
Have fun and have an incredible profitable week!
I AM Pro Trading made Simple.
WE ARE #SniperGang
EVERYBODY EAT$
EURUSD sell setup EURUSD is currently trading in a range
and an experience trader always avoid the range for an entry
wait for the breakout of trend line and main support area and after breakout look for bearish confirmation on reterst of the broken support structure
than sell EURUSD with your own money management
always remember that Patience is the key
EURNZD top-down analysis Save this information post, like, comment & share with your friends.
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EURUSD Sell to 0.995Fundamentals
EUR - renewed energy crisis worries
USD - Positive economic data releases which impacts future rate hikes
Technicals:
EURUSD - Daily rejected 1.025 with a bearish engulfing on an overall downtrend structure
DXY - Rejected 105.5 with a bullish engulfing, expecting USD to get stronger in the next few days.
EURUSD 2H TRADING RANGE DEFINEDA 2H trading range marked out as price creates and effective mitigation of a demand zone, Choch already in line to play out as M15 looks sharp in the bulls favor. Order blocks marked out but still susceptible to liquidity grab but bias is confirmed with a break of 1.01935
EURUSD: Gains should be limited!EURUSD
Intraday - We look to Sell at 1.0245 (stop at 1.0298)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0250 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1.0100 and 1.0050
Resistance: 1.0250 / 1.0600 / 1.1200
Support: 1.0100 / 1.0000 / 0.9800
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EurUsd to resume its downtrendAs I expected and said multiple times, EurUsd reached parity and after the short-lived dip under in mid-July, the pair has started to reverse.
However, this rise is corrective in nature and now the pair is facing a strong confluence resistance given by the downwards channel's resistance and the horizontal one.
I remain very bearish on this pair and still expect a clear drop under parity.
Sell rallies in this resistance is my strategy
EURUSD time to go long ⬆️EURUSD alert has presented.
Reversal trade identified and entered.
This is a long trade.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURUSD | Perspective for the new week | Follow-up detailsAs the US yields slide, the Euro appears to be insinuating a bullish drive as there the Greenback stalled in growth during last week's trading session. In this video, I have illustrated my trading plan for the EURUSD against the new week.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
DeGRAM | EURUSD false breakEURUSD made a false break of the resistance level at 1.02700.
Since the market is moving in the ascending channel, it might retest the lower border of the channel.
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