DAILY: LCS, CVT, LS Zone 4HR: MCS, CVT, WT SHORT
DAILY: LCS, CVT, LS Zone 4HR: IMPULSIVE, NVT, LONG
DAILY: LCS, CVT, LS Zone 4HR: MCS, CVT, WT (DOWN)
DAILY: LCS, CVT, LS Zone 4HR: IMPUSLIVE, UVT, WT
Even thou, @ 0.88704 bearish is pushing price down sign of bullish is getting stronger through the indication of higher lows and higher highs. A breakout could happen soon.
Price has shown interest in reversal into uptrend with bullish entering the market in previous 3 green bars. It is now retesting @ 106.988 on the daily shart. TP @ 107.978 as it is the next resistance level with high confluence and SL @ 106.758
Looking to short, by following the trend with entry @ dash red line due to important confluence point in an hourly time frame
Even thou price is going towards an important confluence point I believe the price will move as shown due to trend in WEEKLY, DAILY and 4HR TF indicates a downtrend. Furthermore, reversal is least likely as the green bar momentum in the second box is weaker than the green bar momentum in the first box.
As shown in the weekly and monthly time frame, price is approaching the resistance line (red) in which it has numerous confluence point as shown in past prices. Bulls momentum are weakening by the signs of shorter green bar in the weekly chart and presence of bearish indicating selling interests in 4 hour time frame which could indicate that a huge reversal may...
I was riding the short wave as shown in my previous idea. However, I have already taken a 2.5R profit as it was kicked out of trade. I believe it has reverse and I'm looking to go long by ENTRY @ 69.007 due to the price indicated by green line mainly because of multiple confluence and TP @ 69.582 as shown in red line. My POSITION is based on 1 hr chart.
4HR chart shows EURUSD to be a downtrend. However, the prices are consolidation at the moment as shown in orange box. Using 1 hr TF, I've located my trade as shown. The price at the moment is being tested @ 1.08344 with no presence of bullish yet. I've dragged my stop loss in case price don't fall towards my TP
Price is being tested @ 76.020 as shown in red line due to multiple confluence as shown in red boxes. However, I'm betting on the possibility that price will fall through until @ 75.667. My entry : @ 76.857 SL : @ 77.093 TP : @ 75.667 SL has been dragged to @ 76.367 to profit incase reversal happens.
Been riding the wave since the 1st orange box and entry again on the 2nd orange box. However, will not be entering on the top of 3rd as it is close to an important level @ 0.68771 due to significant reaction from past prices.
Manage to enter the trade at the start of a reversal, shorting @ each green line at the moment.