Hello 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...
In 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...
Hi traders, eur usd failed breakout and now trend continuation trade. See that top channel holds and price now goes down. Good luck!
Short Position: TP:1.06515 Long Position: TP:1.26074 This is not investment advice Obviously I do not use sl , adjust according to your own account
EURUSD Sentiments show 75% Traders long , possible broken 1.13 support line
EURUSD Weekly Short TP1: 1.12086 TP2: 1.08029 TP3: 1.03890 This is not investment advice Obviously I do not use sl , adjust according to your own account.
As you can see price is consolidating for the past couple of weeks on weekly resistance. Also price is respecting weekly ascending trendline perfectly. Due to bearish divergence on DXY daily chart, it's expected that price has another bullish leg to form the right shoulder of Head and Should pattern. However, we have "Non-Farm Employment Change" tomorrow (Aug. 3)...
There is enough evidence to point out a buy for this pair, .78 fib is the last line of defense, so if supported great R:R, plus TL and trader's trap on the daily, peak reversal on the 4H and a new structure high that hasn't been tested yet. Or it could drop like a rubber chicken kicked off the empire state building.
we can see on a simple a view on eurusd in weekly chart that the pair for now respect perfetcly the long term down trend line since the high of 2008 so what we can conlude ? can have a reversal risk ? or can the pair pass this down t- line who will be a hard bullish signal dor now she go back down and we should beware of reversal,as we can see since some day she...
EURUSD 1 W scenario Resistance:1.25858 - 1.29952 - 1.32087 - 1.34706 Support: - 1.25858 - 1.15844 - 1.12340 This is not investment advice
Buy above 1.0600. Stop loss at 1.0562. Take profit at 1.0704. Reason for the trading strategy (technically): Price has started to bounce really nicely and is approaching our profit target. We remain bullish above 1.0600 support (Fibonacci retracement, horizontal swing low support, ascending support) for a further push up to 1.0704 resistance (Fibonacci...
is that a shooting star formation in the horizon? You're damn right it is. I'm going short till 1.06
The EURUSD Head and Shoulders has been on Forex trend topics for long days. And the pattern is now formed and it's very clear and well designed. We just have to understand that the fact that the pattern could break higher the next few days doesn't mean that the EUR will have an easy life above 1.09 resistance zone, there is a lot of resistances up there. Actually...
Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623. Reason for the trading strategy (technically): With the break of our long term ascending support-turned-resistance line, we turn bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent...
On the weekly chart, it looks like we are currently in the correction after impulse number 3. I think if we break out to the downside, we can have a 5th impulse. Possibly the correction right now is showing a contracting triangle.
Eur Usd 1 Weekly Resistance : 1.3000 - 1.1350 - 1.1420 - 1.1460 Entrance:1.12500 Support: 1.1200 - 1.1150 - 1.1000 - 1.0900 This is not investment advice