Get started

Pullback

EURUSD before FED Today is FED's Interest Rate decision. We're expecting to see a rise from 0.5% to 1%. A rise will definitely happen but what's more important is by how much and when would be the next one as well. Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values. The Interest rate decisions normally cause big moves and rejection wicks in price. A conservative approach would be to look for entries after the news or also tomorrow. The aggressive way to trade it would be to look to sell around 1,0590 and make an entry right after the news if there's a nice long wick. The target is 1,0400!
by ForexTrendline
17
Are we going to see a new low on EURUSD this week?The downside move continues and it looks like we will see another low on EURUSD. The pullback that happened on Friday gives us a chance to enter short again with targets at 1,0400. This week, we also have FED Interest rate as well as NFP. That could possibly mean big moves and potential reversals. At the beginning of the week, we're looking for a breakout of the previous low and we don't want to see price breaking above 1,0600!
Short
by ForexTrendline
22
A new low and a possible pullback in the last day of the month We see a new low on EURUSD every single day. Today, we're expecting the same. In case price breaks below the previous low, we will be looking to close all short positions. After such a move, there's always a time when the big players collect profits and close their positions. That usually creates a pullback. This is not going to reverse the trend but it will actually give us a better entry level for a continuation of the main trend. Good luck!
by ForexTrendline
18
Potential Shark Forming!DXY - Potential shark forming at strong PRZ (Weekly resistance) The Dollar is in need of a pullback haha, i'll be waiting for the B point to break before really looking for this shark to complete/using it as a BIAS. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:DXYShort
by benalistarfx
The downtrend on EURUSD continuesOn Friday we saw price drop to the previous lows at 1,0767. From there we could expect a possible pullback and another drop to break below those lows. This is one way to enter short trades on rejection of the zone. It's probably the better option as it will give you a good risk to reward ratio. The other way to enter a trade here would be to wait for break and retest of current support. On both scenarios we're expecting to see price reaching 1,0673. This week, we want to get into a short trade once we have a clear signal.
Short
by ForexTrendline
18
STORJUSDT reclaims the monthly resistanceThe price got a rejection from the main resistance on 1.41$ where the market created a weekly resistance. on the 4H timeframe, the price created a clear double top and got a rejection from the 1.414 Fibonacci EXT How to approach? The price is testing the daily support on 1.13 Fibonacci EXT level. The price needs to create a new breakout on the 4h resistance where the previous impulse started. IF and only IF the price is going to have a breakout from it, we could see a pullback unit the monthly resistance on 1.12$
Long
by InkyGrip
8
AUDUSD Double BOS. Time to go up!Hey Traders, Little bit weaker of a set up here on the AUDUSD, but overall it still is double break of structure and a push against the usual trend we have witnessed. Keep an eye out, we had to have a very bullish run and then that very long wick that pulled down into the demand area which may have filled up all the orders were looking for. It's going to be an interesting one to see how this unfolds. Keep your eye on this pair on the 1h chart and as we do come back down to this purple area, if on the lower time frames like the five minute we can see a strong indication we're going to head higher, then I think we can start running back up to the top up to around the 0.744. Let me know what you think and what your analysis is on this pair.
Long
by the5erstrading
2