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EUR/USD - Possible Head and shoulders formation.Hey, I am back after weekend with another trade idea, this time looking at the main pair, EUR/USD. It seems like EU can print us a pretty Head and shoulders formation, I will try to be one step early, and try to short this pair at the resistance area. This is a trade against the trend so it's kinda risky, but the Head and shoulders formation is a trend changing formation so let's see! Don't forget to follow me, to not miss out on a good trade opportunities😉 Each Like is very much appreciated! 🙌 If you have any questions, feel free to ask.
Short
by TiborVrbovsky
2
EUR/USD 3:1 Short trade.Hey, I am back with another Forex Idea. I will from now on post a daily analysis each working day for Forex pairs, so don't forget to follow me for more! EUR/USD pair is testing strong resistance level, a previous high, but has drawn a strong bearish reversal divergence pattern . Also, the price is forming bearish formation such as rising wedge, but in the end it can be a bear flag, but the outcome will be the same, short . On the chart you can see my entry, stop loss and take profit level with a good risk reward ratio of 3:1 Don't forget to follow me, to not miss out on a good trade opportunities😉 Each "agree" is very much appreciated! 🙌
Short
by TiborVrbovsky
2
EURUSD Short Position Build-Up*THIS IS ADDITION TO OUR MAIN IDEA* -Have a look on it in Related Ideas!- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Technical Analysis- We stuck in Range Market since April 1st. - Lower Zone was formed by GAP which we had at 20th April 2017 ! -Upper Zone was formed by Local Supply/Demand Zone formed since 12th November 2019 As far as we know in most cases price will not break this Range Market from a first try! Usually it will FALSE-BREAK-OUT it in order to gather more liquidity and ability to add more positions. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Custom Indicators- EgoMist ATR - Price went above Monthly Upper Zone which means by statistic it will retrace with a chance of 80%! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Conclusion- We Still believe in Bearish Bias in the Market. That's why we keep add more SHORT positions with better price. That's how we build our Positional Trading. As soon as price will go in good profit, we will hedge position with intra-day trades.
Short
by UnknownUnicorn7501807
EURUSD Interesting AreaRecent rally from EURUSD has now placed it in an interesting area after breaking out from symmetrical triangle. It is at the upper trendline of a long term downward channel that has been respected 3+ times. Could this be a zone of a potential long term short swing trade or getting ready to break the trend? COT data on the chart is Leveraged accounts which shows a 62% short bias. Longer term COT (Asset) shows 318,462 long vs 105,510 short which is 75% long. Maybe a short term short followed by long term trend reversal? Let me know your thoughts in the comments.
by JBCapitalFX
3
EURUSD hits resistanceEurusd hits multiple resistance - Broken monthly uptrend channel resistance. Broken yearly bottom value (R3, now resistance) Monthly max value (R3 reversal level, after that euro will be viewed overpriced). Now Euro is max expensive in monthly terms. There will be very big few buyers willing to pay so much. Daily Kumo cloud resistance (price inside Kumo cloud resistance zone). Price below monthly Kijun and in downtrend on monthly. Price is likely to reverse from here. For educational purposes only.
Short
by ICFX
2
EURUSD - Short ( full description) Welcome to The EgoMist Financial Experts! -EURUSD- Short- -Fundamentals- Due to political situation and virus boom it became very hard to analyze the USA and Europe Market! In one hand we have fact that USA doesn't want strong USD since they will lack from Exports. In other hand EU doesn't have stable economy in some countries, i don't want to point at Italy , but it's a fact! Some countries in that Union pulls EURO down. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Technical Analysis- We stuck in triangle caused by: 1- Major Bullish Trend Line with more than 4 hits already 2- Local Bearish Trend Line has been FALSE-BROKEN which points at BEARISH power! -That's why we set our SELL LIMIT orders: 1- Short-Area #1 - at the Local Bearish Trend Line 2- Short-Area #2 - at the Monthly Range With Logical Take Profits at Supply-Demand Zone and Local Liquidity Points! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Indicators- EgoMist Divergence: 1- Points for Sellers Power - RSI hardly go above 50 levels zone and we have lot's of Bearish divergences 2- At the Fake Break-Out we will see a good divergence ( Price Structure already points at it and formed best conditions) EgoMist ATR 1- Above the Price we have Monthly and Weekly Zone which represent strong resistance 2- Our next Weekly Zone will be lower than previous one! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Conclusion: 1- We have already opened few short with small lots since current Risk is High and Stop Loss is Huge 2- We set a 2 SELL LIMIT orders above with amazing RR 3- We will HEDGE our trade with some scalp LONGs if price set a prober pre-break-out structure --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Don't Forget to Subscribe, Like and Commend Thank you!
Short
by UnknownUnicorn7501807
2