Forex-trade-ideas
EURUSD SPORTLIGHTSFX:EURUSD
EURUSD monthly timeframe, has the price broken the support zone at 1.06797$, and retraced back to the previous low, now support has changed to be strong resistance. Where now Price is roaming at.
The observation on weekly timeframe, the price leaved a doji candle to signify that price is at indecision zone , whereby bull in r bear can take into control of the market. However that, we saw price struggling at resistance to signify bear in control of the market.
Four hourly timeframe, price produced the double top near the Strong Residence, to signify that price will change direction to the bear trend after secondary retracement completed. The confirmation on Small is where the zone do called neckline at 1.04591$ is where aggressive can take risk or consecutive trader can wait for retracement back to neckline and risk there.
EURGBP - Analysis ( Having A Breakout Or A Pullback?)Trade Signal Alerts On EURGBP
EURGBP is currently retesting a support level at 0.89574 after breaking out from a diagonal range at 0.90261.
Price moved in that matter creating lower lows to hit it's previous support price level at 0.88635.
Price is currently moving in a bearish direction. If price breaks the previous resistance level at 0.89454 acting as a strong support zone.
Open order around that zone and look forward to exit the market at next support zone at 0.89144.
Open Price: 0.89353
Target Price: 0.89144
Stop Loss: 0.89463
Order: SELL.
Alternative Scenario
When price breaks the middle point resistance zone at 0.90261, look to take a quick profit and exit the market at 0.90437.
Open Price: 0.90270
Target Price: 0.90437
Stop Loss: 0.90212
Order: BUY
Positive point of viewFeeling positive about the US economy and believe that we can see this symbol reach the highs that was made before the crash at around 29 May 2020, if the channel can hold. Expect a 17% rise. This is just my personal opinion and my believe in the US economy.
EUR USD Buy Opportunity you don't want to missEUR/USD (4 Hours) Starts to decline, but the recent upward trend remains unchanged
The euro/dollar weakened in early trading today, breaking away from a strong period and hitting a two month high on Friday. The expectation of a near-term break of 1.1111 is that we may see further gains in the short term. So while we see some downtrend, this looks like a buying opportunity unless the pair falls below the 1.1115 shock low.