The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the...
Futures markets are pricing in a US rate cut for September, with a 62% chance of a 25-basis point cut and a 38% chance of 50-basis points. The Fed’s dovish shift has helped the euro surge to its highest level in more than a year. Attention now shifts to the ECB’s 12 September rate decision. After cutting rates in June and pausing in July, analysts expect the ECB...
The EURJPY pair has been trading within a long-term Channel Up since the March 07 2022 bottom. The start of July saw it experience a strong correction, technically the latest Bearish Leg of the pattern that broke below the 1W MA50 (blue trend-line) for the first time since the week of March 20 2023 and hit the 1W MA100 (green trend-line) for the first time since...
#EURUSD Euro is crossing and breaking a ceiling in the area of 1.126 in its daily and weekly lower time. which is moving after the inner inner node is formed and the valid inner inner RS is removed. The first price level is 1.120.
With the latest update of my view on the market The euro is making its third phase to climb, and the liquidity hunt and meeting the MPL of the second phase and confirming the classic pattern in the monthly time frame of this scenario are strengthening. The first level, the price of 1.126 is certain for me. But what corrections we have to climb towards the end of...
EUR/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 157.70 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 155.94 Why we like it: There is a pullback support...
EUR/AUD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.65785 Why we like it: There is a pullback resistance level. Stop loss: 1.67101 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 1.63589 Why we like...
EUR/GBP is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8455 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8491 Why we like it: There is a pullback resistance...
The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.1109 1st Support: 1.1035 1st Resistance: 1.1149 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford...
The EUR/USD pair rebounded following the release of the weaker-than-expected US JOLTS Job Openings data, prompting questions about whether this is a potential opportunity to enter short positions. After an initial rebound from the Supply area, the EUR/USD pair recovered some ground on Wednesday, likely driven by the US labor data. However, this recovery could...
Based on our private profitable trading indicator... there has been a sell signal which means that EURUSD Is ready to reverse and drop all the way to the next major support level.
I'm looking for this scalp due to a few reasons, dxy has formed a gap which we will continue to fill in my opinion. Although this is only a short term short since we are witnessing a beginning of a structure shift
EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support level...
The EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory. Several factors have contributed to the recent rebound in the US Dollar....
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.10700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10700 support and resistance area. Trade safe, Joe.
I'm going to be selling the Euro, I see a lot of momentum to the downside and this break of structure confirms that for me. I will post more details of this trade as I go.
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
after a long run in the last few weeks, EUR/JPY corrected smoothly and finally gave us to jump in some trades. if you watch closely the price has reached the daily OB and moved sharply upward, this kind of move has made a CHOCH indicating the overall correction on Daily OB has been ended and the price is likely heading upward. Our technical view has been shown in...