Eurusdlongsetup
Trade setup - BUY EURUSD pitchfork extensionWe are including fresh BUYS in our quest to target 1.2000 big figure. The pitchfork construction is respected by EURUSD price movement and we will keep a big TARGET on this trade. Entry 1.1615 to 1.1950 and beyond.
Only for traders with big heart, mindset, patience and good money management skills.
Small time traders and gamblers who criticize all the time are kindly requested to stay away from this trade setup.
EURUSD LONG - Eyeing rejection at bottom of the Trading RangeHello everyone!
EURUSD
BUY LIMIT @ 1.15332
Stop Loss: 1.15218 (Add Spread)
TP 1 (1R): 1.5443 (Scalp TP or 20% partials & Stops to BE)
TP 2 (3R): 1.15670 (30%)
TP 3 (5R): 1.15896 (50%)
TP 4 (10R): 1.16463 (10%)
Explanation: Looking for price to move to the downside earlier on in the week to test Thursday and Friday bullish price action. I suspect the market will come to the area marked and bounce.
EURJPY on Mini RetracementGreeting Fellow Trader
Market Phase
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Overal is on Uptrend by seeing that the previous hi had been break by current swing hi
Wave Identification
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Currently retracement wave is possibily over by forming of double bottom at level 0.618 Fibo D1
Signal Entry
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No signal had been generated, however there is Rally Base Rally had been formed Up as per attach box picture
Awaiting for price to make mini retracement. Some may set Limit Order some may wait for confirmation
Our Plan, INSHAA ALLAH
DAILY MARKET BRIEFING; EUR/USD ANALYSISDAILY MARKET BRIEFING; EUR/USD TECHNICAL ANALYSIS
September 23/2021
The EUR/USD had a complete move towards the August 23rd lowest support area as negative economy reports blazed from the side of the EURO zone earlier in the last trading hours. It was not long ago when the expected interest rate hikes took charge of the market sentiment. Yet, the government speeches at the FOMC reassured the expectation of the market participants to come to a hawkish fed monetary policy, conclusion.
While on the negative side of the EURO report from the fundamental economy update claims that
The German manufacturing purchasing managers index (PMI) had an expansion in a report of 58.5 although the previous reading of the PMI data was at 62.5 economic analysts predicted a forecast of 61.5.
The German services PMI also fell from a previous reading of 60.8 to 56.0. Also, The European service PMI went negative.
According to an economy report from Reuters, The dollar chop down across the board on Thursday as enhanced risk emotion in global financial markets wiped out its gains in the previous day after the U.S. Federal Reserve flagged plans to dial back its stimulus this year.
Trading recommendations, in general, the market tends to have a bullish trading bias hence the further movement of price to the upside could be welcome in the market
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
EUR / USD Long EUR / USD
As you can see, on Weekly chart there is a double top pattern.
On weekly TF we have three reasons to think that EUR/USD will be on a bullish trend
First reason on a general bullish trend according to 100 MA
Second reason is based on fibbs lines, the 0.328 point that also is sustained by the round number of the price 1.1700, i suggest you to read the psychological levels of round numbers.
Third reason is based of classic S/R and now the EUR/USD tested the Support for the second time.
I advise you to use personal money management.
For any advises includig additional TP/SL, please DM