DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly.
Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base.
In this pattern we can take several trades by managing risk with the stop loss at previous low or high.
This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience)
Not a financial advice, trade on your own risk. Only for educational purpose.
Regards:
Javed ali nagri
Eurusdprediction
EURUSD H1 17/12/2024 - SELL below 1.0505 1.0480EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook
Technical Analysis Summary
D1 (Daily Chart)
Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540.
Indicators:
RSI: At 40.64, indicating bearish momentum and approaching oversold conditions.
Stochastic: Bearish crossover below 40, showing potential for further downside.
MACD: Negative histogram and signal line, confirming a bearish outlook.
Key Levels:
Resistance: 1.0530 (20-EMA), 1.0560 (near-term swing high).
Support: 1.0480, 1.0460, and a broader target of 1.0435.
H4 (4-Hour Chart)
Trend: Consolidation in a bearish channel, with price unable to break above the 50-SMA.
Indicators:
RSI: At 42.81, reflecting bearish momentum.
Stochastic: Bearish crossover heading down towards oversold levels.
MACD: Bearish histogram, confirming bearish continuation.
Key Levels:
Resistance: 1.0515, 1.0535 (50-SMA).
Support: 1.0485, 1.0460.
H1 (Hourly Chart)
Trend: Bearish, with price below the Ichimoku cloud, 50-SMA, and 200-SMA. Bearish momentum is strong after a recent failed attempt to recover.
Indicators:
RSI: At 38.13, signaling bearish momentum below 40.
Stochastic: Near 10, indicating oversold conditions and suggesting a potential short-term pullback.
MACD: Bearish histogram with a downward signal line.
ATR: At 10 pips, reflecting moderate volatility.
Key Levels:
Resistance: 1.0505 (minor), 1.0530 (20-EMA).
Support: 1.0485, 1.0460, 1.0435.
M30 (30-Minute Chart)
Trend: Downtrend with price consolidating near support at 1.0485.
Indicators:
RSI: At 34.85, approaching oversold conditions.
Stochastic: At 12, suggesting a minor pullback may occur before further declines.
MACD: Negative momentum remains intact.
Correlated Financial Instruments
US Dollar Index (DXY):
DXY remains firm above 106, supporting a bearish EUR/USD outlook. USD strength continues as inflation data backs expectations of steady Fed policy.
Gold (XAU/USD):
Gold remains under pressure, further confirming USD strength.
Trade Plan for EUR/USD H1
Trade Setup 1: Bearish Continuation on Retracement
Rationale: Given the clear bearish momentum and inability to break key resistance levels, a retracement toward resistance offers a short-selling opportunity.
Trade Details:
Entry Price: 1.0505–1.0510 (near minor resistance).
Stop-Loss: 1.0535 (above the 20-EMA on H1).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Breakout Short Below 1.0485
Rationale: A clean break below 1.0485 support will confirm a bearish continuation towards the next key levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above breakout resistance).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Intraday Scalping Short (M30–H1 Levels)
Rationale: If a short-term pullback occurs, use M30 chart resistance as an entry.
Trade Details:
Entry Price: 1.0500 (psychological level).
Stop-Loss: 1.0515.
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0475.
Risk/Reward Ratio: ~1:1.5.
EURUSD - YOU DONE IT AGAINTeam, we have been very lucky and fortunate with EURUSD many trades,
We are entering LONG at 104830-50
ADD more at 1.04625-60 ranges
STOP LOSS at 1.04350 - may extend to 1.04215
Target 1 at 1.04925-65 - book some partial and bring stop loss to BE or 1.4885
Target 2 at 1.05085-1.05115
Target 3 at 1.05226-1.05275
EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
EURUSD Nearest Target: SHORT before LONGOn the 5-minute timeframe, we can see a Market Structure Shift (MSS) around 1.05126, and the imbalance (iFVG) at 1.05171 has already been filled. While the weekly timeframe bias remains bullish, targeting 1.05952, this is a quick short-term move, so it won’t take much time.
That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside.
Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts.
Confluences for EUR/USD Sells:
- Liquidity Below: Significant downside liquidity remains untapped.
- Bearish Momentum: The pair has been bearish for the past two weeks.
- Break of Structure: Key levels have broken to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) supports this bearish setup.
- Key Supply Zone: The 4-hour supply zone caused the initial bearish move.
Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts.
Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
EURUSD Will be in bearish directionHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD - HEADING NORTH ON RECOVERYTeam, last 2-3 days, we have been successfully doing well on the EURUSD, long position
Yesterday was a roller-coaster day; we got 3 times rewards. all target hit
Today, we are entry-long at
Time to go long Eurusd at 1.04700-30 - STOP LOSS at 104385
Target 1 - 1.04800-30
Target 2 - 1.04950-65
Target 3 - 1.05115-45
Once it hits the first target, take some partial and bring stop loss to BE
Note: There will be a sideways effect for EURUSD before it goes up! Three times it has been fast up and down. When I enter the office, I will draw a chart of what we expect from them.
#EURUSD 1HEURUSD 1-Hour Analysis
The EURUSD pair is trading within a downtrend channel on the 1-hour chart and is approaching a key support area near the lower boundary of the channel. This support zone presents a potential buy opportunity as it may act as a reversal point for a short-term bullish move.
Technical Outlook:
Pattern: Downtrend Channel and Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Consider entering a buy position near the channel's support line, confirming with bullish price action signals such as a bullish engulfing candlestick or a bounce from the support level.
Traders should ensure proper risk management by placing stop-loss orders below the support level to account for potential breakdowns. Profit targets can be set at the midline or upper boundary of the channel for optimal returns.
EUR/USD Short Trade Analysis and Updated StrategyHello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish.
Indicators:
RSI: At 40, close to oversold territory but still with room for downside continuation.
Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside.
MACD: Below the signal line, signaling bearish momentum.
Key Levels:
Support: 1.0480, 1.0450.
Resistance: 1.0510, 1.0540.
H4 (4-Hour Chart)
Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band.
Indicators:
RSI: At 42, showing weak momentum but not yet oversold.
Stochastic: 28, nearing oversold levels.
MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0515, 1.0540.
H1 (Hourly Chart)
Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud.
Indicators:
RSI: At 45, confirming weak bearish momentum.
Stochastic: 23, indicating oversold conditions and possible pullback.
MACD: Slightly bearish, with price momentum losing steam.
ATR (14): At 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0510, 1.0535.
M30 (30-Minute Chart)
Trend: Bearish but consolidating at key support levels near 1.0490.
Indicators:
RSI: At 43, close to oversold.
Stochastic: 20, signaling a possible short-term pullback.
MACD: Flat, reflecting indecision.
Correlated Financial Instruments
DXY (US Dollar Index):
Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD.
Gold (XAU/USD):
Declining due to USD strength, supporting a bearish bias for EUR/USD.
Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity.
Trade Details:
Entry Price: 1.0510–1.0515 (on a retracement).
Stop-Loss: 1.0535 (above recent resistance).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above the breakout level).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance)
Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk.
Trade Details:
Entry Price: 1.0505.
Stop-Loss: 1.0520.
Take-Profit Levels:
TP1: 1.0490.
TP2: 1.0480.
Risk/Reward Ratio: ~1:1.5.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD H1 11/12/2024 - SELL below 1.0525/1.0530 , Reversal 1.054Multi-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud.
Indicators: RSI at 40 and MACD signaling downside momentum.
Support/Resistance:
Support: 1.0490 and 1.0450.
Resistance: 1.0540 and 1.0570.
H4 (4-Hour Chart)
Trend: Downtrend continues, with price consolidating near the lower Bollinger Band.
Indicators:
Stochastic is in the oversold zone (17.87), indicating potential short-term pullback.
MACD suggests bearish momentum but losing strength.
Support/Resistance:
Support: 1.0495 and 1.0450.
Resistance: 1.0530 and 1.0550.
H1 (Hourly Chart)
Trend: Price is below all major moving averages and Ichimoku cloud, confirming bearish structure.
Indicators:
RSI at 40, indicating continued bearish bias but with room for a pullback.
Stochastic is oversold (23.76) and turning up, suggesting a potential retracement.
ATR (14) at 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0495, followed by 1.0450.
Resistance: 1.0530 and 1.0545.
M30 (30-Minute Chart)
Trend: Intraday bearish trend intact, with consolidation near key support levels.
Indicators:
MACD turning slightly neutral.
Stochastic oversold (28.47), indicating potential for minor correction.
Revised Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale:
EUR/USD remains in a bearish trend, and any pullback toward 1.0530–1.0540 provides an optimal sell opportunity.
Trade Details:
Entry Price: 1.0525–1.0530 (on a retracement to resistance).
Stop-Loss: 1.0555 (above the intraday resistance).
Take-Profit Levels:
TP1: 1.0495 (current support).
TP2: 1.0450 (next key support).
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale:
A clean break below 1.0495 would confirm bearish continuation, targeting lower levels.
Trade Details:
Entry Price: 1.0490 (on a confirmed breakout).
Stop-Loss: 1.0515 (above the breakout level).
Take-Profit Levels:
TP1: 1.0470.
TP2: 1.0450.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Intraday Scalping on Reversal
Rationale:
If price breaks above 1.0535, it may trigger short-term buy momentum, targeting a retracement to the next resistance.
Trade Details:
Entry Price: 1.0540.
Stop-Loss: 1.0525.
Take-Profit Levels:
TP1: 1.0555.
TP2: 1.0570.
Risk/Reward Ratio: ~1:1.5.
Key Considerations
News Impact:
Watch for the 13:30 GMT US inflation data release, which could spike volatility. Avoid placing trades right before the release.
Correlated Instruments:
DXY: A rise above 106.75 may further pressure EUR/USD.
Treasury Yields: A spike in yields could add USD strength.
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone.
Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart.
The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase.
The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level.
With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
EURUSD Long#EURUSD (1 day)
Euro/Dollar formed the "Reversal Head shoulder " pattern, we will consider Long when breaking through resistance and consolidating above it, target 1.0800! Cancel and break below 1.0400
The author's opinion may not coincide with yours! Remember this and take this into account in your trading transactions before making a trading decision.
Your reactions are your support for my work
EUR/USD: Are We Crashing Through Parity?Well, well, well, EUR/USD, you sly dog. Just when we thought the pair might catch a break, it doubles down on its favorite hobby—going DOWN. 📉 Since late September, this thing has been in a nosedive so steep it makes roller coasters look tame. 🎢
And now? It’s giving us not one but TWO glorious bearish flags. That’s the market’s way of saying, “Hold my beer, I’ve got more downside to cover.” 🍺 So, buckle up as we break down what’s happening with EUR/USD, why it’s acting like a currency in free fall, and just how low it might go. Spoiler alert: Parity might not be far enough. 😏
The Downtrend Diaries: EUR/USD’s Love Affair with Lows
Okay, let’s rewind to late September. What happened? Oh, just EUR/USD deciding it was time to swap its bull costume for a full-blown bear suit. 🐻 We’re talking lower highs, lower lows, and every technical analyst’s favorite phrase: "the trend is your friend" (until it’s not, of course).
This week? The pair is snuggled nicely inside its second bearish flag, like a bear hibernating before its next big move. For those of you wondering, a bearish flag is when the market pauses, catches its breath, and says, “Alright, time to drop some more.” And let me tell you, these flags aren’t subtle. They’re practically screaming, “Hey, the trend’s still bearish—don’t get any ideas!”
Why So Bearish? Let’s Blame the Usual Suspects
The Almighty Dollar Flexing Again 💪
The USD is out here reminding everyone why it’s called the safe-haven king. Interest rates? Still high. Risk-off sentiment? Very much alive. Meanwhile, the euro’s like that one kid who forgot to study for the test—it’s just not prepared to fight back. 🤷♂️
Eurozone: Where’s the Mojo?
Between slowing growth, sticky inflation, and the French government imploding (because why not?), the euro is struggling to convince anyone it’s worth a rally. Even the promise of €500 billion in defense spending couldn’t lift its spirits for long. If fiscal spending can’t save the day, what can?
Bearish Flags Don’t Lie 🚩
These flags are the cherry on top of the downtrend sundae. First, we had one around 1.0650, which broke lower like clockwork. Now we’re staring down another flag that’s coiled tighter than my jeans after Thanksgiving dinner. Once this breaks, well... let’s just say the floor is looking mighty inviting.
How Low Can It Go? Let’s Talk Targets 🔭
Now, if this flag plays out like the textbook says, EUR/USD could easily revisit 1.0450. And if that level doesn’t hold? Get ready to dust off those parity memes. Yes, I’m talking 1.0000, the big, scary, psychological level where everyone suddenly remembers how to panic. 😱
But hey, let’s not stop there. The lower boundary of the larger downtrend is lurking below 0.9900, and if the bears get really hungry, that’s where they’ll feast. 🍴
The Sarcastic Silver Lining: What Would It Take to Flip Bullish?
Oh, you want bullish scenarios? That’s cute. 😏 Here’s what would need to happen:
The euro suddenly gets a personality transplant and decides it’s worth something.
The USD forgets it’s the global reserve currency and takes a nap.
A miracle. Like, divine intervention-level miracle.
But seriously, unless EUR/USD breaks above 1.0600 with conviction (and by conviction, I mean a rally that doesn’t immediately fall apart), the bears are still in charge.
Final Thoughts: Trade Smart or Get Wrecked 💀
Look, the writing’s on the wall. EUR/USD is in a downtrend, the flags are flapping, and the bears are sharpening their claws. This isn’t the time to play hero and try to catch a bottom. Instead, let the trend do its thing, wait for the flag to break, and ride the wave lower. 🌊
And hey, if it does hit parity, at least we’ll have something to talk about at the next market meltdown party. 🎉 Until then, keep those stop-losses tight, and don’t forget: the trend might be your friend, but it’s also got a dark sense of humor.
Catch you next time, traders. George out. 🎤
#EURUSD 4HEURUSD 4-Hour Analysis
The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity.
Technical Outlook:
Pattern: Head and Shoulders (Potential Breakout)
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum.
Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
EURUSD BUY PositionThe EURUSD has formed a pattern, and based on that, along with the support marked by the yellow line, a price reversal in three stages is expected up to 1.10850. Good Luck
Based on the previous analysis of GBPUSD published in earlier posts, these two currency pairs are directly correlated, meaning the rise of one leads to the rise of the other.
EUR/USD Short term short to long idea pending...This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as
I began to reflect on the days when I did
not understand capital markets
-
The time I would have given up on myself
and not known the power of understanding how
to trade the capital markets.
Sadly the capital markets are very
hard to understand but with a lot
of patience, you will know them
Today I want to show you how
to short sell.
And to show you that
You don't need to fear short-selling
its just that I prefer to accumulate
not distribute
If you are a beginner you may not
understand this
but as a trader, you have to choose
One side...think of short sellers
like the away team, and long buyers
as the home team
In order to play the capital markets you
have to choose your team
and stick to it
Because this will
give you a better understanding of the
capital markets
Now look at this price action
the price is overbought
meaning there are a lot
Of sellers, because the stock
of the product is too much
hence they have to sell at
a discount price.
Because of this, the buyer is forced
to buy insurance on his losses
to cover the cost of inventory
does this make sense?
You are selling insurance to the buyer
so that he can cover his cost
to buy more inventory
inventory is an expense
so the buyer is not making a
cash profit on this trade
instead, he is making a loss
with the plan to sell the inventory
at a higher price in the future
to cover this loss.You on the other
hand as a short seller
you are making cash profit
Because your insurance contract
price has increased
Look again at this chart CAPITALCOM:EURUSD
the price on the stochastic
RSI is overbought
That means the buyer has to
much inventory
and he needs to
insure it against damage.
Your role as a short seller
is to sell him insurance.
Explaining short selling
can be a challenge but to cut the
long story "short"
You are selling insurance on the inventory
that the buyer holds.
If you short-sell this Forex pair
remember
to not use more
than x5 margin and take at least 20%
profit.
Also note that this week
is the unemployment rate FRED:UNRATE
will be announced in the news on friday
Which in my opinion is a huge catalyst
for this currency pair CAPITALCOM:EURUSD
Trade safe
full disclosure am not participating
in this trade.
Also this chart reminds me
of the rocket booster strategy
from the short side:
1.Price has to be below the 50 SMA
2.Price has to be below the 200 SMA
3.Price should gap down.
check out the references below
to learn more about this strategy
about the rocket booster
strategy
Rocket boost this content
to learn more
Disclaimer: Trading is risky
please learn risk management
and profit-taking strategies.
Also feel free to use a simulation
trading account before
you trade with real money.
EURUSD Will be in bearish direction
Hello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts