i will link my previous video explaining the setup please watch it
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EU being consolidated for more than 2 to 3 days but rallied after breaking TL. Now as illustrated above price has retraced and respected 1.9000 zone and still seems like it's trapping itself in bullish flag. Waiting for buy area 1.82-1.83 as Dollar is getting stronger again. It has respected that line and if broken downward then below "yellow " TL and demand zone...
I think the EURUSD will be a short this week. With the coronavirus outbreak in Europe will put pressure on the EURUSD pair.
" Currency EURUSD Analysis in 4H timeframe:based on trading view script LongBuyLongSellIndicator (LBLS indicator). Analysis as : SHORT and then LONG: To understand completely about the LBLS indicator, the script link is given below at the bottom. Simply click the LBLS image below that will take you the latest revision. I was going through all the time...
Possible new bullish leg upside, 38fib bounce.
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EURUSD weekly analysis Long Bias on the Weekly Sequence
EURUSD 4HR TREND BREAK AND RETEST SHORT
The EURUSD has been pulling back this week. Look for test of 1.1260 -1.1240 area as buyers will jump in. Good luck
The EURUSD broke support at 1.1180 on Friday. We might see a short run up to 1.1185 or 1.1220 but shorts will jump in pushing back down. I'm keeping with trend, and shorting till 1.1110 or 1.11070. Keep with the trend, and short above 1.1180. Good luck
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.
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.
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...
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%...
give it another try. Take profit rules same as yesterday. But focus of second and third target.
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