Hellena | EUR/USD (4H): LONG to the resistance area 1.16000.Good afternoon colleagues! In the coming week I expect the upward movement to continue in wave “3” of the higher order. I believe that a small correction to the support area of 1.2176 and then rise to the resistance level of 1.16000 is possible.
There are two possible ways to enter the position:
1) Market entry
2) Pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Eueusd
EURUSD Going To ShortThe EUR/USD currency pair is likely to experience a short movement due to the presence of a clear hidden bearish divergence. This divergence suggests that despite the price making lower highs and RSI making Higher High, the momentum behind these movements is weakening, indicating potential for a downward reversal. Additionally, the price is approaching an unmitigated order block around the 1.098xx region. An unmitigated order block represents an area where price has previously reversed and not yet been revisited, increasing the likelihood of a reaction when price reaches this zone.
Furthermore, the Fibonacci retracement level of 0.786 aligns closely with this order block, strengthening the case for a bearish reversal. Fibonacci retracement levels are commonly used to predict potential areas of support and resistance, and the 0.786 level is often a key point for reversals in trends. This combination of technical factors suggests that a significant fall is anticipated from the 1.098xx level.
You should watch for confirmation signals, such as a clear break of support or bearish candlestick patterns, to solidify the bearish outlook. Given the confluence of these technical indicators, the probability of a substantial decline is high.
1st TP: 1.075x
2nd TP: 1.065x
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EURUSD forecast / trades takenHey everyone. I hope youre all well. Attached is the HTF forecast,. Last night we took some nice longs up into the Premium of the daily selling range (trade around 15rr)with the more current expectation of price to soon continue down.
Later we will be looking for sells in the premium of the daily selling range. Happy trading everyone
EU LongCurrently in this trade and it’s going pretty well currently. Sitting in some profit rn. If this next candle is bullish and makes a higher high I will move my stop to only 7.5 pips instead of 15. And then when another higher low is make I will manually trail my stop into profit then let it ride to hit my TP👍🏽
EURUSD unfolding Wave C towards 1.14 and 1.1150EURUSD remains in control of bears and ideally prices stay below 1.1880 handle, going forward. A larger degree A-B-C seems to be underway towards 1.1400 at least that could extend through 1.1150/60 a well. It is pulling back to work through lower degree Wave 2 within Wave C and might find resistance through 1.1750/80 zone. Remains a good sell on rallies from here on.
Remain short, add more @ 1.1750/80, stop @ 1.1950, target is @ 1.1400 and 1.1100/50
Good luck!
EURUSD EUR / USD - Go Long (Short Term)Based on Technical analysis, the best option would be to HOLD as the major trend is awaiting for a price retracement, while the secondary trend is ready to start a new rally.
There might be an opportunity to go long for a short term investment following the rally of the major trend. (there are some risks with this investment),