EURUSD Top Down Analysis These are 2 points of interests I have my eye on.
EURAUD looks like an amazing Buy, Double Bottom, Failure to close below previous low and a break of structure. Will be looking to enter a buy position upon the retest of the trend line
Price is at a key level where it has rejected before. In my eyes I would like to see price fall to 140.000 before another bullish run.
As we can see the Pair is in a longterm downward trend and is now approaching a key level (1.77500) nearing its longterm downwards trend line. I will be looking to short this pair down to its key support at 1.76000 Price also at the top of its rising wedge
Price is retesting Support and 200MA, Dollar looking bearish as well. Looking to long this pair
The DXY has had a pretty bullish week last week, however I personally believe this is to lure buyers into the market, and this being temporary retracement as we can see its been in a downtrend since March 2020 . With Biden going into office and his plans to give out $2000 cheques to every American, 2021 will be a very tough year for the dollar in my opinion and my...
Multiple timeframe analysis. Area of intrest highlighted in Orange. Risk 1% of trading capital max!
Price has entered imbalance, shorts now valid. amazing Risk Reward Ratio. Very tight SL
Price has hit Daily Support Zone. Signs of Rejections. Trail SL, Remeber Risk Management.
We can see sideways price between the 1.81000 -1.81300 area, creating a nice neckline resistance at 1.81300 . I see a potential inverted H&S pattern being created with the left shoulder and head already being formed. Liquidity has been captured on Hourly timeframe below previous 4hr Low, however a failed 4hr closure below the 1.79800 area signaling early buys for...
RSI nearing overbought. Should see it go up to its flat top
expecting price to rise towards the 117.000 price level. like if you agree!