EUR/USD Price is at strong support level (61.8% Fibonacci Level) if the price break this level i suggest to sell.
Although the upside trend ended and new downtrend started. the indicatoes RSI, CCI, and Momentum are all at sell levels. ADX -DI is above +DI and between 25-50 level.
Hello Traders.
Few hours ago EUR/USD price went as it's expected in my previous idea. (link mentioned down)
So now there is Harmonic Pattern AB=CD Forming and the price is going towards resistance level where i set my sell limit orders.
Personally, i i set my TP at the Weekly Trend Resistance Line (Which is already broken) to reduce risk of retest.
In addition,...
Hey Traders the EUR/USD Pair closed at a retest on Daily descending triangle (yellow color) which is inside a weekly downtrend. the e price may go long as candle stick shows. In addition, the retest occured on fibonacci level 50% which means a strong support level.
watch EUR/USD once the market open.
DOnt forget to like!
Manage the risk! set your stop loss and...
The EUR/USD Currency pair closed near historical support level also a Bearish Spinning Top Candle noticed before the market closed. In addition the EURUSD was in downtrend since 2008.
Daily Chart
What do you think will happen when the market open again?
Hello Traders!
The EUR/JPY Currency Pair Closed at Historical Strong Support Level (since approx. 2013).
The Weekly Chart shows a Down trend Channel ( Pink Color ). I predict that the price won't hit the supply trend line (Historical Strong Support level )
The Daily Chart shows a Down trend Channel ( Green Color ) inside the Parent Down Trend...
Hello Traders this seems to be a great opportunity to Sell EUR.
Enter and take profit at 1.66370.
be careful when you set your Stop loss. personally i set it 600pips.
Good Luck
Just noticed this triangle in the 4H time frame.
the price gonna breakout the triangle soon.
Tip: you can benefit from whatever the price go but setting your BuyStop and SellStop 50 or 60 pips above or below the triangle. TP at half of the traingle base about ( 1.11725 )
My First Idea here. Feel free to comment your opinion! :)
