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Eurusdweekly

EUR/USD WEEKLY CHART STILL GOING DOWN???Hi TRADERS we are looking at EUR/USD for the new week ahead EUR/USD as we can see it has head and shoulders on the weekly area are we still heading down????? I am still bearish on this pair, i think a correction on lower TF and we will see a nice impulse to downside This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Short
by Costy13
3
EURUSD OutlookIn our previous analysis we mentioned that a break out of the falling wedge was imminent, if price failed to give us opportunities to go short. Price has indeed broken out. We are expecting price to give us one of the following in order for us to go long: 1. Wedge resistance retest and continue up, Take profit as marked on the chart. Price action will dictate if our TP will be revised to the next key area. 2. Price completes the inverted Head & Shoulders before bulls taking over. Take profit will be as mentioned above. *Disclaimer* This is not financial advice. Forex trading is a risky business. Exercise proper risk management and own discretion. #TradeLikeMagnatrio
Long
by Magnatrio
2
EURUSD - BREAKOUTHello all, EURUSD has broken out of the contraction zone. My 1st target of 1.20000 has been reached. I expect this to go on further into the expansion zone and challenge the 2018 highs. My second target is 1.24000 as outlined in my linked idea. Follow for further updates on this one. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
Long
by BeyondEdge
2
EURUSD Cam S4 R4 yearlyIn this post we analyzed the breakdowns (breakouts) of Camarilla S4 R4 yearly pivots, so called yearly floor and roof levels and what impact those rather significant events had on EURUSD weekly chart. As you see, each such breakdown generated violent moves (yellow) that often lasted into the next year. If there S4-R4 violation did not generate such a move it was because those levels were broken during the previous year or two and proceeding yearly break exhausted itself. There was no such violation in 2018 and 2019 to give us reasons to believe that the current break will not succeed. Besides that, we have got a thinnest yearly CPR in EURUSD history. As we noted earlier thin CPRs are forecasters of volatility (and volatility is the major sign of crisis). We ought also notice CPR alternation principle (thin CPR trend - wide CPR congestion) that is often observed as demonstrated above (1,2,3 in late 1990s). By this principle, 2020 should be a trending market, while in 2021 we will see a retrace (recovery) and congestion. For educational purposes only.
Short
by ICFX