It needs to be considered that EUR/USD has broken out before similar to what is happening today. While there was a short term bullish move today I do not believe that it will continue. We can see on the 4HR chart that at close a large rejection to the upside formed indicating a return downwards. We also see bearish divergence further indicating downside. I will be...
We can see that the most recent weekly candle formed as a gravestone doji which indicates a reversal to the downside. A short position has been entered. We also see bearish divergence on The Weekly, Daily, and 4H timeframes. Seems like a high probability sell in the weeks to come
My buy position from a. few days ago was spot on. Now that we are at a strong resistance as well as at the top of the channel, I believe it is safe to take a short position.
on the daily timeframe we see a long term trend line touch. If you look at the lower time frames there is multiple bearish pin bars that signal for sells. However moving into tomorrows news things may be uncertain. I have however entered a short position since I am confident in this structure.
Potential buy. If you look further left on the chart you will also see that we are at a significant support area, further reinforcing the possible long position at the next short term trend line touch.
Trend line touch, could move down in the coming days/weeks.
EURUSD is oversold on multiple time frames. DXY is currently at a significant support, coupled with todays Brexit news I am expecting to see a nice drop and downtrend continuation. Gap down expected at market open. The huge bull run resulted due to Brexit optimism, being that the deal was rejected it would be safe and logical to take short positions on EURUSD and...
Moving into next weeks uncertainty we should see a drop. At significant daily resistance. Weekly chart generally bearish, and monthly overall bullish as well. In my opinion this is a good short position to get into at the moment.
Double Top identified + Shooting star pattern. Stopped out on previous U/C trade, looking to recoup losses and much more here.