Eurusdsetup
EURUSD: Watch Price For Further DownsideHi Traders,
EU has formed a clear 5 wave structure in wave A, with wave 5 forming an ending diagonal. In the grand scheme of things, I'm looking for an ABC pattern to complete wave Z (as I believe that price is about to complete a triple three correction).
In the long run, I'm expecting that price will push towards 1.0300.
Regards
Wave Theorist
EURUSD trade idea with respect to MAJOR BEARISH trend lineCongrats on our massive previous sell more than 1000pips+ acheived in description below. So now EurUsd seen tested bottom trend-line after seeing our Reversal candles and reverse religiously back to the top trend-line,. So with all due respect to the major bearish trend-line. I think at this crucial breakouts or reversal we could be in for a good sell. However if broken we go up to 1.14000 parameters otherwise down to 1.09000 Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
EUR/USD BUY SETUPHey tradomaniacs,
do we see a nice chance to buy EUR/USD?
Technically a very nice chance to buy.
Fundamentally a tricky situation though the previous announcement of the FED could cause trouble for DXY.
Type: Swingtrade
Market Buy: 1,11855
Stop-Loss: 1,10850
Target 1: 1,12730
Target 2: 1,14135
Target 3: 1,14970
Stop-Loss: 100 pips
Risk: 1-2%
Risk-Reward: 3,2
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/USD - heading for correctionComplete meltdown for the pair, banks took the price down without any sign of correction.
Now, COT data shows bearish EUR against the USD on the long term.
Their reaction due to recent fundamentals:
USD gained strength once again because of Trumps business conditions imposed to China.
- tweet on 18feb.
Chinese Economy suffering from virus related factors.
- tweet on 18feb.
What we expect now from a technical perspective is a small consolidation around 1.08 demand area following by an up move correction towards the 200 MA.
We will add longs, with the price target of 1.095.
On the longer term however, we expect EUR/USD to touch the bottom of the weekly downtrend channel, at price 1.055, if the USD continues to strengthen due to continuation of fundamental world factors.
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EURUSD in Resistance Area, Seems To Go Down ! (27th Feb)Price Seems To Make Correction in this Resistance Area of 1.0960. After A Bull Rejection, There might be Possible Higher Chances of Selling around 1.0980-1.0960 with the Destination of 1.0730.
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EURUSD, clear bullish setupClear setup for a possible long entry on #EURUSD.
Price is now making a bearish channel.
Impulse down/channel down (Wave pattern).
Point 5 is confirmed by the 100% Fibo retracement and a previous high impulse.
We have 2 possible orders.
Entry point 1.10186
Intraday:
SL 1.099
TP 1.0480
Multiday:
SL 1.0979
TP 1.1155 (point 4)
EURUSD To Extend Higher RapidlyEURUSD is sitting at an important confluence area comprising of support zone, 61.8% Fib, and broken daily trendline.
The pullback to this level can be easily labeled as a double zigzag in wave (ii) as you can see in the 30 minutes chart below.
Price is expected to resume the wave iii of (iii) of 3 rally from or near the current market price as long as the "current invalidation level" remains intact.
What's your thought on EURUSD? Let me know in the comment.'
Thanks for reading.
Veejahbee.
EURUSD BIAS IS CLEARLY BULLISH - HOW TO TRADE IT?After a lot of struggling to identify EURUSD bottom, the market has clearly indicated the direction of the trend.
The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii).
Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave pattern.
What's most important is that we should see a pullback to the near support to get in at a value price, and also the wave (ii) low remains the current invalidation level for any buy position.
What's your thought about EURUSD?
Thanks for reading!
Veejahbee.
EURUSD Making a Double Zigzag Elliot Wave Pattern - Short Entry So yesterday I published an article on the EU with entry and stop level. I get stopped out and some traders did as well.
That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind.
What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market stopped me out and I re-analyse I could see that the correction is yet to complete and we still have a chance to trade lower in order to complete a double zigzag pattern. I took an aggressive entry 1/3 of my total risk and I will add the remaining risk once the conservative entry level is breached.
How do you manage your loss? Do you let your losers run? If yes, I have been in your shoes and I will tell you honestly, it won't help your bottom line.
Best,
Veejahbee.