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Pullback

Selling opportunities on EURUSD There's two options to short EURUSD The first one is an aggressive way and it's by using stops above 1,0601. This way, you'll have a good risk to reward ratio in case you're looking for a new low. It's considered aggressive because you can get stopped out but then price could easily turn around and continue lower. In this case, you'll need to look for second entry. The second one is by using a bigger stop above 1,0773. If price reaches this stop, then we would expect a bigger move to the upside. Depending on your style of trading and risk tolerance, you can decide which one to use. In both scenarios, we want to see a candlestick confirmation before we open a trade!
Short
by ForexTrendline
21
EURUSD post FEDYesterday FED raised the Interest Rates by 0.75% instead of 0.5%. Despite that, our expectations were right and we saw a wick to the downside followed by a move up. It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615. The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next. Right now, long positions are risky and not confirmed.
by ForexTrendline
11
EURUSD before FED Today is due the most important type of news for the market - FED Interest Rate decision. We're expecting a 0.5% hike and that is most likely going to happen. What we need to find out is what follows after that. We actually think that those rumors have already affected price by pushing it higher prior to the news. It's very likely to see price dropping and leaving a wick below the previous low from 13th of May and then to begin climbing towards 1,05-1,06. We will then expect a continuation of the downtrend. This is the main scenario that we look at the moment. We don't currently have any trades and we're only looking to enter after the news, once all setups are confirmed.
by ForexTrendline
15
JICPT| EURUSD daily bullish setupHello everyone. First of all, I'm bearish on EURUSD from long-term perspective, but it doesn't mean we couldn't find good bullish setup for trading, especially when the pair rebounded from the low around 1.3 created in Dec of 2016. On the daily chart, EURUSD is on the uptrend as it took over the recent high as well as the downtrend line. Sellers' pressure came in at the whole number 1.8. What I'm expecting is pullback long opportunity as marked on the daily chart. The rally-base-rally demand zone( 1.0528-1.0567 ) is confluence with key fib retracement. I set alert for the revisit. If the pair goes as expected, it'll be a trade with a risk reward ratio at least above 5. What do you think? Give me a like if you're with me.
Long
by JICPT