Eurusdsell
EURUSD Downside Play as Dollar Index Trends HigherSee Signposts for key price action details.
ECB does look to prevent the euro from appreciating
Price fails to push higher highs as downside pressure still present
My plan would involve making a flip if DXY signal changes or either support level shows further indication of holding
EURUSD, short to 1.2135 after point 1 was sold.Hi forex traders. EURUSD can shortly go to 1.2135, 1.2110 in next week. I mark all interesting market processes on the chart window. Like you see modified "Earned" script show big solds at 1.2162 and 1.2187. Of course it can been just correction.
Levels thanks to X-Lines script. Follow me.
EUR/USD Respecting The Elliott Wave Structure ✍️As we can see the from the picture, the EUR/USD managed to complete the five waves upward and then faced a strong daily support.
This daily support could prove difficult to be broken and might to lead to a reversal.
This reversal might be translated into three wave downwards which are known by Elliott Waves A - B -C.
Let's see if the drop will occur in the next few days.
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EURUSD : SELL SETUP 4H CHARTHi to all,
EU broke a major support and this week i'm waitin a re-test this support as a resistance. After pull-back testing i'll short EU till the major uptrend bottom line. (1.1970)
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EurUsd- Start of correction?As I said in my morning DXY analysis , I expect a correction for USD pairs, one that will last more than a few hours...
In EurUsd case, the pair is trading in an ascending channel, with no real buying power. Tops also are pretty close in price which is a clear indication of exautions
In my opinion, a correction is just around the corner and a drop to 1.2050 is my view for EurUsd
EURUSD On the Verge of a 7% Elliott Wave DropThe chart above allows us to put EURUSD's entire progress since March 2020 low in Elliott Wave context. The impressive uptrend which took the currency price from below 1.06 to over 1.21 in nine months looks like a textbook impulse pattern. Its five waves are labeled (i)-(ii)-(iii)-(iv)-(v).
Turbulent Months Ahead for EURUSD
What should worry the bulls is that according to the Elliott Wave principle, a three-wave correction follows every impulse. Corrections usually erase all of the fifth wave’s gains. For EURUSD, this means a drop to the wave (iv) support area near 1.15 can be expected once wave (v) is over.
If this analysis is correct, this might just be the worst possible time to be buying EURUSD for a long-term position trade.
What's your view on EURUSD? Let me know in the comment.
Thanks for reading,
Veejahbee.
EUR/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/USD: Daytrade-Preparation
Market-Sell: 1,20960
Stop-Loss: 1,21170
Point-Of-Risk-Reduction: 1,20810
Take-Profit: 1,20450
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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