EU
EURUUSD . Bulls Buy Now for 121 pips EURUSD . bulls buy now
TP 1.1353
121 pip "the hard way"
bullish fundamentals imo
bullish channels & oscillators
bullish moving averages
OANDA:EURUSD
dear disclaimer: i saw a hummingbird today. it looked at me, and told me to buy euro. so don't get it mad at me if the chart is wrong. feed a hummingbird. that's advice. buy euro? i dunno.
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.
Downtrend to continueI ve been posting this earlier...I expect price to drop 476 pips. It should end at the yearly pivot eventually from where it ll decide where it likes to trend next.
But I would target Median price first, 100 percent Fib extension of a previous leg.
Good luck
This is no financial advise
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! 🙌
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.
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.
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.