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Eurusdtrend

EURUSD At Strong Support Level For LongEURUSD has given a very good breakout from falling wedge pattern. After giving breakout EURUSD price has retraced towards the extended trend line of the falling wedge, now it is trading at very solid support of extended trend line of falling wedge and long term support zone. We might see a good rally in EURUSD from the current price level for long term trends. One can put stop loss just below the support zone level for a long trade. If You Like Idea, Do Follow/Comment/Like For More Quick Update. Note trade With Proper Risk Management System. Thanks
Long
by Fx_Trader_ViSa
EURUSD On Down Slide Path.EURUSD is trading in a falling wedge pattern in a bigger trend, within the falling wedge, it is also trading in channel pattern. We might see more downside in EURUSD from the current level. As we can see, the falling wedge resistance line and parallel channel resistance line overlap each other, so there is strong resistance for upside in EURUSD. We might see downside towards the support line, as we can see in the chart. If You Like Idea Do Follow/Comment/Like For More Quick Updates. Note - Trade With Proper Risk Management System. Thanks
Short
by Fx_Trader_ViSa
EURUSD | Making Higher Highs & Lows |Buy OpportunityFriends, please follow & like if you find this idea useful. EURUSD retested the previous demand area. Here I'm seeing a buy opportunity here. Use the pullback to get in. Reason:- - Price is trading near a previous demand level. - Seen a good rejection. - Making Higher Highs and lows. Thank you for your support, I appreciate it. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by Fx_Stormtrader
2
EURUSD Short Setup (not yet...)You can see that EURUSD respects this daily down trend. I know this trend already tested a few times but I still think there's more to go. This is how i have planned my 1:2 risk to reward trade: First of all; EURUSD just crossed the middle of the trend. We can expect a pullback to the middle support line. If i go short from here, my risk to reward will be 1:1. We can see that stochastic is almost oversold and pointing up. I don't like drawdowns so I'll pass 1:1 trade and wait for the price to hit the resistance. I'm planning to go short once we hit the resistance of this descending trend. Entry: 1.13510 SL: 1.1450 - 100 pips TP: 1.11460 - 205 pips This time I don't have any other profit levels. Only one. Also I'm not planning to trail my stoploss until the price hit to the middle line. I will then move my stoploss a few pips over the most recent swing high and no it's not break-even. As this is a descending trend, levels may change by time. We don't know (we can not) when the price is going to hit to the top. It may not even hit. That's why, I'm going to update this post accordingly. I know 100 pips might look a bit scary but i am good at managing my risk. I'm risking only 2% of my account balance here. Disclaimer: This is not financial advice... Trade safe, Atilla
Short
by AtillaYurtseven
EURUSD flowLast week it didn't hit my analysis, so I've made close look on this week prediction, all arrows will be my prediction (don't follow if it seem out of the flow) Blue fill box will be the single weekly candle (still as my prediction) but zoomed in with arrows I drawn it doesn't see gonna hit that low so that is why I said don't follow if it seem wrong, just a prediction. and so I've left the resistance trend line on daily chart with a red bold line as a strong signal to sell. Happy trading y'all :)
by WinLoseTrade
EURUSD LONGThe reason why we feel EURUSD may Rise. * On weekly basis it has just started moving up * Bullish Engulfing in weekly Chart . * To Rise and come near 1.1286 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :1.1150, SL:1.1113 Tgt 01: 1.1245, Tgt 02: 1.1286, Tgt 03: 1.1415. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Long
by ajithchand-bhandaari