EURUSD SHORT TECHNICAL ANALYSISThis is my idea on EUR/USD, please leave your opinion on my TA
We are currently in a down trend on EURUSD and have been for some time now, i have been long but closed my position and have now set up a short.
we are very close to a supply zone and bordering oversold on rsi, i will look for confirmation of downwards movement before entering a trade.
Eurusdsetup
Channel Trading Part 2: SELL EURUSDDear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would advise traders to SELL at the TOP of the channel between 1.1305-1.1327 with SL above 1.1360.
TPs can be set at 1.1230 and 1.1080 respectively.
Apart from the channel, the 100D EMA can also act as a strong Resistance which gives us a pretty solid bearish bias once the price reaches our SELL ZONE.
EURUSD long term +450 pips potential - EQUIY.Dear traders,
So as you can see we expect EURUSD to go long. We think it will go long because the markt is now in a strong weekly buy zone. If you zoom in on the daily chart you can see we are now also in a strong buy institutional orderzone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a nicely “w formation”.
For take profit levels and stoplos check our telegram group: t.me
NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group:
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-A watchlist video. This will be uploaded every Monday in the morning.
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POTENTIAL BEARISH CONTINUATION TRADE ON EURUSDHi traders,
The EURUSD seems to be in wave (b) of Y of a potential double zigzag pattern.
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Price is currently retesting a key resistance that lined up with 61.8 FIb ratio, moving averages, and ascending trendline.
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Considering that prices have made a double top pattern and bearish rejection candles at the confluence level, the odds strongly favored a sell-off to the channel support @ 1.11037 area.
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We will wait for the breakout of the double top neckline to confirm the sell setup.
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Best of luck on the chart.
Veejahbee.
EURUSD BEARISH CONTINUATION TRADE SETUPHi Traders,
The EURUSD broke a key support level with a text-book five-wave impulse in "i" with an extended wave (5).
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A three-wave corrective chart pattern is expected after an impulse move, and the current retracement seems to be unfolding as a zigzag pattern which is most likely to terminate at the swing level that lined up with 38.2-50.0 Fib ratio and moving averages.
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We will wait for the price to reach our confluence level and complete the corrective wave then look for the breakout of the Counter Trend Line to confirm the sell entry.
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Thanks for reading!
Veejahbee.
EURUSD - POTENTIAL LONG TERM BEARISH TRADE IDEAHi traders,
The EURUSD is retesting a broken ascending channel that lined up with 61.8 Fib ratio and moving averages.
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This pair seems to have completed a three-wave correction that unfolds as a double zigzag pattern after a text-book five-wave impulse in wave (i) "red."
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If this count is correct, the 5-3 wave cycle is almost complete, and a bearish reversal for the start of wave (iii) of 3 down can be anticipated.
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Considering that price has broken & retested the blue CTL, and we have bearish rejection candles on both daily & H4 chart, we have valid reasons to sell this pair.
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What's your view on EURUSD? Let me know in the comment.
Safe Trading!
Veejahbee.
EURUSD Bearish Flag + 3 Possible SetupEURUSD is currently on a bearish flag and has 3 possible setups; 2 breaking the flag to the upside and 1breaking to the downside.
Setup #1 (Breaking to the upside):
- When the market price breaks to the upside and has broken the 1.15000 level, you can enter the following order:
- But Stop @ 1.15100
- Stop Loss @ 1.48300
- Take Profit @ 1.16000
- Risk/Reward Ratio: 3.33
Setup #2 (Breaking to the upside):
- Make sure that the price breaks to the upside, and touches the 1.1500 level.
- Ensure that the 1.1500 level shows a strong resistance.
- Once the market price has gone down, you can enter the following sell trade:
- Entry Price @ 1.14775
- Stop Loss @ 1.15050
- Take Profit @ 1.13600
- Risk/Reward Ration: 3.08
Setup #3 (Breaking to the downside):
- When the market price breaks down to the downside, you can enter the following order:
- Entry Price @ 1.14475
- Stop Loss @ 1.14800
- Take Profit @ 1.13600
- Risk/Reward: 2.69000
Cheers!
Happy Trading!
EURUSD Buy Setup in playEURUSD the penetrated lower bound on recent price action with the initial legs of a forecasted expanded flat being invalidated. Now we should be looking for the termination of the current flag on successful break of 1.14500 and allow prices to rally north straight into the downward trendline connected from the yearly highs. Price action developments have been highly liquid thus building intense corrective action so trade safe and take care.
EURUSD Technical Play: Fed Monetary Policy PrepEURUSD was boosted by Mario Draghi's remarks during Monday's session. The European Central Bank (ECB) governor expressed his content with wage growth and inflation but repeated rates may remain low beyond the summer of 2019.
The trade tension between the US and China has been dominating the market for some time and it is expected to be the main theme in the Forex market until the end of 2018.
Since 10th September EURUSD has been held in a bullish uptrend as evident from the 4hr chart. Selling on dips may have been a more appropriate strategy.
Although the currency pair appears to be attempting to correct higher at the time of this writing it may struggle with the 4hr resistance (upper blue line).
The 4hr uptrend is likely to lure many traders into EURUSD prior to the Fed monetary policy on Wednesday. The most likely outcome is a whipsaw reaction in an effort to clear stops below and above the trendline.
Based on our analysis there is a greater risk for moderate dip lower, the entry price may be more appropriate at a higher level (near the 4hr resistance) or should a bearish breakout take place in today's session.
The technical strategy is designed for the Fed monetary policy but may also kick into play in today's session should EURUSD break lower. Do note that this is a 4hr time frame, which may be broken down into shorter time frames for scalping by seasoned traders.
EUR/USD buy Limit. We should open buy if price will make a P...EUR/USD weekly overview
As i wrote week ago, price came to Key Buy Zone 1.1548. Big players respect such levels. Currency rate made fake broke of that level and moved up. I took only 100 pips from that move. But the most important things is, as you see on chart price can make a retest of that buy level.
For this moment i think only about buy on PullBeaks.
The best place for deal is near: 1.1520.
S/L: 1.1470
Potential goals is: 1) 1.1810. 2) 1.1940. 3) 1.2100