EURUSDAfter the ECB meeting the EUR long term bias is SHORT. In this moment we expect a retrace near the 1.1700 level which is also the neckline of the Head&Shoulders pattern before entering SHORT.
Eur-usd-short
Downfall of EUR/USDH&S Pattern on Eur/Usd and its also broken the trend line. Hoping to see 1.11 again
IS THIS IT FOR EURUSD? MUST SEE!!!Daily head and shoulders formation on EURUSD, HUGE potential reward! Can't miss this setup!
EUR/USD shortThe market has been in consolidation on the daily timeframe for a while now and is currently at the lower points of the mentioned zone. However, we have not made lower lows/lower closes for a while as well. Therefore, this indicates a market neutral stance for now. On the 4 hour chart we do have a forming pennant/triangle formation despite technically being in a downtrend. This indicates uncertainty and, in my opinion, should make traders "think both ways" before executing a trade. As a result, secondary targets have been adjusted (reduced) for the possibility of the market reversing and going up.
EUR/USD - Head and Shoulders with strong RSI divergence.Clear Head and Shoulders pattern alongside a strong RSI divergence, I believe this currency pair will have a reversal. Comment what you predict below!
EURUSD Price RejectionRSI showing overbought pair EUR/USD
Expecting price to fall down to 1.17 this month.
Happy trading
EURUSD POTENTIAL DOWSIDE TARGETSOn the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have our weekly trade and possibly a trade setup that will run between two to four weeks. This is only a trade “IDEA” our trades will be only executed on price action confirmation. If price does break and close above 1.200 and hits our stop loss we can possible see price extend to the 1.618 extension (1.2300); we will also seek further shorts from this level on PA confirmation.
EURUSD double topPontential sell opportunity to sell EURUSD due to Double top
Formation on H4! watch it carefuly
EURUSD PULLBACK move200im expecting a downside move to the 1.11600 zone
First Target: 1.13200
Enjoy...
EUR USD Almost Selling TimeLooks like we are approaching a good place to sell.
If the top of this channel breaks, then the top purple line will be the selling point.
EURUSD Harmonic - Possible Short...Been waiting for a short on this pair for theeeee longest. Watching to see if this becomes a reality :)
Let me know your thoughts!
#PrayHustleProsper
Daily Key Levels on EURUSDGood morning traders.
This is an update for the daily key levels on EURUSD. The momentum is clearly to the downside at the time, however dip buying opportunities may come into play around s2 as there is a confluence of support in that area. The s2 area may even pose a nice intraday buying opportunity, but don't get greedy because any bounce will likely be short-lived given the current price action.
Enjoy!
EU short in D1 ChartEU will test a major resistance @ 1.0850. If EU comes back, I will take a short position.
EURGBP heads south again before breaking trendline?Hello Traders,
Today we will share with you guys the FX:EURGBP as it seems to show soon further depreciation towards lower trendline around 0.845-0.85. It currently seems that we see more outflow of capital and profit taking from big investors around the current resistance level. As we believe a further appreciation of the GBP before turning south again in near term underlines the current statement that market may fall a little further again. Also the EUR may have some trouble heading north as it currently flirts with major resistance level. The reaction of the two currencies and the potential outflow in this curreny pair could be decisive if we see further downwards correction or a break of the resistance zone and trend line to head north.
Supported by a significant intermarket sign, which points a potential outflow of capital currently towards two asset classes, commodities and bonds! This may underline this setup as it seems that market will initiate a correction at current levels to test lower trend line again.
Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as our indication hits current outflow levels. Our measurement is currently the ratio of the FX:EURGBP vs. TVC:DAX , TVC:GOLD and OANDA:DE10YBEUR . Our inter-markets indication gave good accuracy in the past for timing our trades at price relevant levels.
We will be looking for interesting entry levels and keep you updated once we see interesting signs of turning south again.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
EURUSD Short 4 Hr Chart We still have a strong downward trend on the EURUSD and with a bullish trump speech i believe we are going to reach January resistance level 1.047
over the last few weeks we have seen a lot of buyers at 1.05 so this is an area you will need to be careful of and i will be looking to take partial profit here as i have been in since 1.065.
EURUSD Short 4 Hr Chart We have seen weakness on the dollar index over the last few days giving the euro strength, after looking at the dollar index i believe its starting to form a sideways channel, in the chart you can see the EURUSD is forming a rising wedge in a downtrend on the 4hr chart which is considered incredibly bearish, i believe we are going to see a strong sell off.
