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EURUSD Isn't yet at buying pointEURUSD is trading inside a Channel Down pattern. The MA50 4H is the Resistance and has rejected all rallies in the past 9 days. Trading Plan: 1. Buy at 1.05150 (over Support Zone 1). 2. Sell at 1.04410 (under Bearish threshold). 3. Buy at 1.03500 (over Support Zone 2 and MA200 1D). Targets: 1. 1.06400 (under the MA50 4H). 2. 1.03500 (over Support Zone 2 and MA200 1D). 3. 1.07750 (under Resistance 1 and MA200 4H). Tips: 1. The RSI 4H Bearish Divergence failed. This gives more probabilities to a continuation of the bearish trend. Please like, follow and comment!!
by TradingBrokersView
2
EURUSD: Scalping opportunityThe EURUSD pair turned neutral technically both on the 4H timeframe (RSI = 51.027, MACD = -0.001, ADX = 32.294) and 1D (RSI = 48.083, MACD = 0.000, ADX = 32.045) and that creates the conditions for sideways trading. Though the short term pattern may be a Channel Down, we will use the range provided by the Double Top and Double Bottom 1.07900 - 1.0670 to scalp for the rest of the week. This is more or less the 4H Bollinger Bands. Our buy trigger is a break of R1 (1.0800) and we will TP = 1.09150 and sell trigger the bottom of S1 (1.05740) and TP = 1.0500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
USDCHF: Multi year Head and Shoulders formingThe USDCHF pair is forming the Right Shoulder of a Head and Shoulders pattern. For many weeks now it has found Support and is turning sideways within the Shoulders Rectange and can trade within that range for as long as 6 months. This is an excellent sideways trading opportunity. Proof that 1D is technically neutral (RSI = 50.834, MACD = -0.001, ADX = 17.742). When broken, we will turn bearish aiming slightly above the S1 (TP = 0.89750) and S2 (TP = 0.88300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
EURUSD: Best buy long term but 4H MA200 needs to breakEURUSD hit the bottom of the long term Channel Up, as well as the 1D MA50, turning the 1D technicals red (RSI = 46.112, MACD = 0.003, ADX = 28.557) for the first time since January 6th. That was coincidentally the last Higher Lows at the bottom of the Channel Up which kick started a +4.20% rally. The previous Higher Lows also made a +4.20% rally so it is a recurring sequence. Being also on S1, which is holding, we have entered a long aiming just under a new +4.20% projection (TP = 1.11000). The only obstacle is the 4H MA200 which is resisting rather intensively. Failure to break it validates the Jan 3rd - Jan 6th 4H RSI bottom formation, which means that there is one last low to be made before rebounding. We expect that to be on top of S2 near 1.0600, which will be our 2nd buy entry but with a lowered target (TP = 1.1000). If the bottom of S2 breaks, the uptrend is negated and we will turn net short first to S3 and then to the 1D MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope