EUR/USD BullishEURUSD, Eur bottom formed, it may take time to hit target, 11th december crucial for brexit deal, 19th december FOMC. $index high probability weakness ahead.
Eruusd
EURUSD approaching resistance, potential drop! EURUSD is approaching our first resistance at 1.3948 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1336 (100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Conform eurusd Sell trade Eurusd sell from that level and tp is 1.1700 and tp2 is 1.1500 and stop loss is 1.1960
Weight of evidence trade :
1 : Trendline resistnace
2: Fibonacci level
3: Daily head and shoulder patter
4 : Previous strong support and resistance level
Good luck and trade with care
Asad Ullah
triangle pattern of EURUSDEURUSD is going to be a interesting pair for trading. lets see how will the go at the end of triangle pattern
Trade Idea 12 August 2016: EURUSDStill consolidating in between, we are looking if EURUSD will breakdown from it's strong resistance.
NO MANIPULATOR ?? Learning about to inside of the clock!Most volumes tools won't show you this. If this were natural occurring market volume . We would not see perfectly spaced volume peaks.
On average I see peaks every 5 to 6 candles. Ie: 4 hr chart will give you a peak every 5th or 20 hrs. This of course varies depending on the time frame and chart. Each product (forex, stock etc ) will be manipulated to some extent.
Euro pairs seem to be extreme and change day to day.
Zoom in to see small candles lining up with huge volume spikes!
Research Bop indicators and 'dark pools' to learn more.
Have you noticed strange patterns?
LONG EURUSD. POSSIBLE UPWAYS CHANNELit looks like if eurusd was bouncing on the daily level. Let's see what happens.
Head fake freddyWe are still watching the E6 closely. There was a false move on Friday. Could this have been the first pump before running? If they push it down Monday or Tuesday the weak longs will get squeezed and bail on their trades. Best to wait for a close outside of the wedge before looking for a trigger.
Using Fibonacci to assist your trading decisions...EUR/USD I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me...
Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how price reacted to both pullback and extension Fibo levels...
