good day traders, We just had a divergence and a corrective structure suggesting a bullish impulse is around the corner confluences>DIVERGENCE>CORRECTIVE STUCTURE BREAK OUT>PREVIOUS SUPPORT/RESISTANCE
EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price pulled back in the...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.09296). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.09296). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
The strengthening of the dollar is not over yet, with the beginning of the new week its rally will continue. ======= A sell signal of medium strength (2 of 3) after testing the resistance level (1.1906 - 1.1925) and the psychological level (1.1900). Trade target - 1.1800
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we see a continuation of downtrend and we have this resistance level that bring it down to 130.36.
Just wait for confirmation. Target : sell 1.12570 Target: buy 1.22200 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
• Took a breakeven just by a pip on my First position. • Second entry is looking good showing similar *impluse correction impulse * formation. • Looking at a risk entry with A stop loss of 50 pips. * For more Forex trading Ideas follow My Account as you don't wanna miss on this Trades*
The dollar climbed the most in 15 months and the EURUSD tumbled amid a hawkish Fed that signals to tighten monetary policy. EURUSD fell from a range top and has broken the bottom of a 3-month rising channel together with the 262 ma. The short-term sentiment for EURUSD has turned bearish but is also extremely oversold and a strong pullback is inevitable. This...
EURUSD - Intraday - We look to Buy at 1.1841 (stop at 1.1811) Daily pivot is at 1.1835. With signals for sentiment at oversold extremes, the dip could not be extended. Broken out of the channel formation to the downside. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of...
EURCAD after a long downtrend tested a few times the strong trendline around the 1.47 level. The market has been trading for a few days between the daily resistance and the support trendline and according to Plancton's strategy if the conditions will be satisfied we can set a nice long order, --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
While we are waiting on the major pairs, here we could have a very nice opportunity. EURCHF is moving fairly slow and it doesn't make any big moves. However, right now it looks like a decent entry opportunity. We are currently on a Daily chart and we can clearly see the triangle from last year which has been completed. This gives us a serious support in the...
Fundamental bias: Mildly bullish EUR/CHF is turning a little higher. It is hard to blame this on the Swiss National Bank meeting, which highlighted that rates would stay at -0.75% and FX intervention would continue if required. Interestingly, one of the Swiss banks suggested that the SNB may have been selling FX reserves earlier this year. If true, that would be...
Fundamental bias: Mildly bearish Price action has all the hallmarks of a short, sharp position adjustment – suggesting the bulk of the correction may have occurred. Yet we feel Fed speak could see EUR/USD correct a little further lower this week. Look out for speeches from ECB President Christine Lagarde and board member Isabel Schnabel – likely to repeat...
bullish ascending triangle with confirmation of break and retest and rejection of zone and trendline confirmed with bullish engulfing daily candle
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