EUR/USD, Trading Plan.Price can make a down move to 1.1394 as a retest of buy zone
Near 1.1476 will be the safest place to open Sell with low risk
I think that price can move down because of huge absorption on the Daily chart.
Euruusd
EurUSD Short Big news today so this may be skewed a bit. but we are looking at a great technical bounce off the trendline. three bounce rule, going to be looking at a drop after this retouch of the trend line.
Recent EURUSD SL Explained! I broke down WHY the trade hit stop loss. A false identification of a lower high and lower low on the 15 minute timeframe was the culprit of the continuation to the downside.
I explain more thoroughly in the video!
Always, ALWAYS revisit ALL trades. Whether you profit or not, there's something to learn from the experience of the trade. Once you've detached yourself, the failures come with experience, not losses.
EURUSD approaching support, potential bounce! EURUSD is approaching our first support at 1.1627 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing g price up to our major resistance at 1.1727 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 1.1660 (61.8% Fibonacci extension) might provide the bullish acceleration to our major resistance target.
RSI (21) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Sell EURUSDgive it another try.
Take profit rules same as yesterday. But focus of second and third target.
EURUSD: Price About to Reach Key Support Level Price on it's way down it is heading to a sliding parallel of the median line where previously price found both support and resistance. In case it reaches it start watching for a buy setup for a significant move to the upside as shown in the chart
EURUSD: Nice Buy OpportunityA bullish signals that the downtrend may end very soon and so does the breakout above the sliding parallel of the median line. Be patient, and wait to see if price reches the lower parallel of the upsloping set and watch for a buy setup in the zone, as shown in the chart
EURUSD: Rejection at Resistance ZonePrice has retraced to akey resistance level where we already see multiple rejection. Going short from current level is a good option. Sl and tp as shown in the chart
18TH - 22ND JULY WEEKLY WRAPUP & UPDATES (PT.2) I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. I am also splitting this post in parts as it is too long to post in one post. So this is Part 1 of this post. Look for Part 2 & 3. if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. As noted on each pairs update, if there is any additional analysis available on it, it will be available on my website. PM me for details on how to read the FULL posts
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EURUSD - LONG
Still very messy price action. It headed down this past week following a test of that uptrending midline (red). I am expecting that prices should remain in a pretty unpredictable pattern for awhile and should see prices head up again and make a second test of that midline before finally falling to complete the wave B. Read my just released post on this pair: (F) EURUSD : Change In Outlook And Wave Count Shows More Bearishness (Free post. No subscription required)
USDCHF - SHORT
This past week saw this pair continue to make its way up towards the upper TL of that ExD completing the wave (b) and/or that leg D of the ExD. We are SHORT right now for a small retrace before another final leg up into that TL.
NZDUSD - NEUTRAL
This past week saw this pair continue the drop that was started the week before. This bearish follow through is a good signal that that will be more downside to come. But there could be a retrace coming first.
GBPJPY - LONG
Last week saw this pair make some very significant price action that could be signaling a MAJOR shift in the trend. But we need to be careful in that although there was a strong bullish signal, it could be a false one as if often the case when there is a MAJOR shift coming. We are currently LONG on this pair for another move higher. Read my SPECIAL REPORT and UPDATE on this pair for more details.
Get my SPECIAL REPORT on this pair: (P) GBPJPY Special Report: The Low Is Very Likely In! and the recently released SPECIAL REPORT Update: (P) GBPJPY ***SPECIAL REPORT*** Update: Don’t Be Impatient!
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EURUSD SHORT BIASSTRUCTURE SUPPORTS LOWER LOWS TO BE EXPECTED HERE
38.2%
TREND LINE
1.1150-1.1170 REISTANCE
PIVOT ENTRY& 50 EMA
