EURUSD ACCUMULATIONS LIKELY TO RISE ABOVE 1.11500Fibre is showing strength; a pullback below 1.10500 likely to cause the pair to rise above 1.11500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Fibre
Raj Rayon : {"Potential for Best investment for 2024";}
We are at the Biggest Picture available as per the data;
Price has formed a Wave 1 which is an Impulse Wave In the Upward direction;
Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now.
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Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade,
According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1.
Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension;
Yo !!!!
Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart,
Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company.
So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension}
Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
EURUSD H4 - Short Signal EURUSD H4
In addition to GBPUSD, we also have EURUSD which is at a key area of resistance. This 1.09 handle is acting as a whole number resistance price, amongst H4 supply and previous tested resistance. Certainly a good region and zone for a short confluence stack.
We will be following EURUSD, GBPUSD and DXY very closely this week as we are trading from some significant levels.
A CLOSE BELOW 1.26586 WILL LIKELY DRAG GBPUSD BELOW 1.26000GBPUSD daily structure is weakling, a close below 1.26586 will most likely cause the pair to dip further...
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
FIBRE SLOWS DOWN AT THE RESISTANCE LEVEL. A SHORT TRADE?EURUSD pair find it challenging rally above resistance level (R1) and instead closed below 1.08047 in yesterday's trading. Will this drag the pair down?
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
EURUSD IN HIGHER-HIGH & HIGHER-LOW MAY TARGET ABOVE 1.09500The pair has recently rallied above the bullish wedge and has been creating higher-high and higher-low for the past few days. IF fibre can rally above resistance at 1.09000, then the next target will be above 1.09500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
GBPUSD Slows Above 1.26836; Retest to 1.26020 Possible!Bearish presence above 1.26836 has exerted consistent downward pressure on GBPUSD in the past two trading days. If selling momentum persists, the currency pair may revisit the 1.26020 level before initiating another upward rally.
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
My forecast on EURUSD a.k.a Fiber going into week 22-26 JanuaryGoing into next week I anticipate higher prices on Fiber reaching into the orderblock indicated. If there is a daily close above the orderblock I would anticipate price to go through the buyside liquidity. You can use this trade idea to look for long setups using your strategy. The dollar also shows signs of willingness to go lower which supports this idea.
EURUSD At Crossroads of Potential Weekly Rise and Fall!EURUSD may be targeting liquidity above 1.12000 towards the descending trendline considering the FED's dovishness. However, with chart pattern, one may likely opt for the pair declining to below 1.02000 IF fibre could possibly break the neckline of the forming head-shoulders.
Already, the pair has broken a swing low; if a lower high could be formed, then EURUSD stands to dip...
N.B!
- EURUSD price might not follow the drawn lines. Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Two Support Levels That Are Likely To Halt Declining Fibre!EURUSD faces 2 strong supports to overcome...
N.B!
- EURUSD price might not follow the drawn lines. Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
EURUSD - Short/Long SignalEURUSD H8
We might not have highlighted this particular trade yesterday, as our attention was primarily on AUD/USD and GBP/USD. It's worth noting that EUR/USD tends to exhibit a pattern more closely aligned with GBP/USD than with AUD/USD. Despite this, we've observed a significant upward spike, and we've identified a promising setup for a new long order. Today's developments will reveal whether this opportunity is one we can capitalize on.
EURUSD Is Targeting Liquidity Above 1.09446Expecting the fibre to re-test support level below 1.07000 early next week, IF the decline is rejected, then EURUSD will be targeting liquidity above 1.09446.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
EURUSD Falls Into Consolidation, Further Confirmation Required!Fibre needed further confirmation at a strong support level to determine its next direction. Reversal or Bearish continuation?
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
Inverted Head-n-Shoulders Is What EURUSD Needs To SurgeWatch-out for a break above above 1.06171 for fibre...
N.B!
- EURUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
EURUSD - Story Time (ICT)This is just a possible narrative that may unfold. Do not trade based on this without the proper confirmation. This is not a signal.
If Phase 2 extends higher, then will look for possible NY/News reversal. If price breaks utmost swing high, then I will post where I think price will likely gravitate towards to.
EURUSD BREAD AND BUTTER SETUPThe DXY is showing signs of getting back to the races , while the fIber is clearly frail.It has been on a week long consolidation which is likely pointing to the pair distributing to go lower.
Last week price had tapped into a daily rejection block from midyear as well as flashing with another key premium being the yearly low from 2020.These are strong lecvels that are likely going to offer resistance .
From my analysis i took a fib and marked the 50% level of the hourly rejection block for a much refined entry that offers a higher risk to reward ratio.All i have to do now is wait for price to tap into my slaughter house.:-)
EURUSD Trend Still Bearish As It Faces 2 Immediate Hurdles...EURUSD remains in bearish trend but the bulls are winning on the lower timeframe. 2 resistance level the pair may face will likely drag price to re-test bullish area are situated (1) around @1.02000 and (2) @ank300400_1
Rejection at either or both levels may drag price down
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD H4 - Short SignalGBPUSD H4 - We are trading south of this 1.13 whole number, and we are still descending on multiple timeframes, the daily, H4 and H1, undoubtedly. Analysis to follow on the hourly timeframe, to justify to potential intraday entry point. Targets initially 1.08-1.10 I feel, this could be a healthy balance price, until we hear more from Sunak and government positioning. Dollar expected to continue it's bull run.