Buyeurusd
EURUSD ---> Get ready to buy:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Eurusd:
* Commentary on last week:
The currency pair continued to decline last week, upsetting our plans for the short-term recovery of the single currency and giving us stop-loss. Over the week, the asset passed ≈ 130 points (or 1.03%). Positive statistical data in the USA and negative statistics in the Eurozone added a reason for the participant to sell.
Despite the fact that there were more reasons to sell the euro, but the R-coefficient still decreased, which may hint at the difficulty for sellers to push the price further.
* Technical comment:
An important technical factor is the last trading day (Friday) in terms of the formation of the zone from which the asset can jump.
Given the depth of the fall, the overall oversold of the currency pair on all time frames (H4, H8, D1), as well as Friday's consolidation, how the price will behave on Monday will be a key factor for opening long positions.
This view is supported by the fact that the price consolidated at the weekly pivot S2 (1.0839).
Support and resistance levels for the current week:
Resistances:
Supports:
* Orders and positions:
Our valuation system demonstrates that the euro begins to consolidate, if the asset does not fall in price on Monday, then it will be possible to consider long-term (from a week to a month), long positions.
A potential purchase is as follows:
Buy from the current value near the level of 1.0830-1.0810 with #stoploss 1.0780-1.0760 and #takeprofit: 1.0930 / 1.1000 and possibly 1.1080.
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EURUSD buy at support areaTF Week: Still an up trend sign to follow.
TF H4: Price is going to reach blue zone as the first resistance area. After that, it may drops to the support line and continue to reach the red line above one.
Suggestion1: Short position, sell at blue area, TP at below red line.
Suggestion2: Long position, wait for price to reach the support line before entering. TP is the above one.
EURUSD - FOREX - 23. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish price movement and pressure.
4 HOUR
Explosive bearish price action broke below previous week lows and support zone.
DAILY
Expecting some bullish pressure now, long holders got taken out and price is slowing down now!
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FOREX SETUP
BUY EURUSD
ENTRY @ 1.11900
SL @ 1.11590 (30 Pips)
TP @ 1.12410 (50 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR/USD - turning to a longterm buy?EURUSD broke structure (downtrend) and is consolidating on the tentative upsloper MLH (fork), forming a major bottom with a massive upside potential. The bottom is also the 0.618 fib line of the last major upswing.
Targets are the 1: 0.5 of the frame / 0.618 fib line of the last downswing and 2: ML of the fork.
Trade is Long EURUSD cmp (1.12270)
Stop Loss (Tighter): 1.11606
Stop Loss (Wider): 1.10872
TP 1: 1.20000
TP 2: 1.28000
Wider Stop Loss should be used only if one can afford it, but risk should never be more than 4% of your account.
Thread carefully,
Nick
EURUSD buy level and low of the wide rangeI bought EURUSD at 1.1314
SL is big - 50pips and placed at 1.1263
TP it too big - placed at 1.1516
So RRR - 1:3.99 - very good. Of course i close my position if find reversal pattern. But right now - it good trade to buy.
And after i publisd idea to sell USDCHF - subscribe to my channel :)
EURUSD BuyLimit on 1.1433 with RRR 3.63I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)