Eurusdshortsetup
EURUSD forecast: Trade IdeaHello,
This is Euro/Dollar - EURUSD as you can see it made double top check this
it made a sell pattern it shows that there will be a bearish momentum.
i am expecting it to go 1.12000 that is 300 pips.
please remember this is my opinion and everything can happen in the forex market.
Thank you
Abdi
eurusd short positionPrice rejected daily resistance (green horizontal line) once again with creating a possible head and shoulders pattern. It already rejected the zone between 0.5-0.618 fibonacci levels so it might continue going down from here. So what i will do is i will look for price action in lower timeframes to see a short entry. Stoploss will be different. Target is -0.75 fibonacci level matching with the last daily lows.
EUR/USD Technical Analysis.Currently, EUR/USD is trading at 1.1291. The pair may start a new down trend if it breaks the support level at 1.1205. Previously, the pair was consolidating in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its target price will be at 1.0993.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
EURUSD - Tracking Minor Waves - Leading Diagonal Wave 1So the bounce back left behind a series of 3 waves down, enough to make a leading diagonal.
Leading diagonal retracements are deep.
Looking at a 61.8 or 78% pullback ahead of some news events later today.
If you have counted 5 waves up from the magenta line then the wave 2 correction will be completed.
Price action cannot go above 1.08750, so another opportunity to short this or move stops coming up.
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EURUSD: Watch Price Action For SellHi Traders,
EURUSD will likely begin some bearish momentum in the forth-coming sessions. The current structure we're seeing is an ABC regular flat, and the trade to expect is wave C in the smaller degree of wave B. The ideal setup to look for is a strong impulse and subsequent correction.
Trade this one with caution.
Regards
Wave Theorist