Eur_usd
SHORT BUY Psychological 1.2400 region , which is monthly resistance as well , still holding pretty good and still not broken , due to the weekly News release USD gained some momentum but now is on the track to reverse to the 1.2330 zone which is a strong demand zone , from the 1.2330 zone it will either rocket above to 1.2400 or pull back to 1.2300 , so best possibility for Monday and Tuesday is the SHORT BUY position which is backed by Monday's bearish EUR releases
Eur/Usd Technical Analysis so based on doing some technical analysis on eur/usd. last week E/U rejected a major resistance area in the 1.25000 zone, creating a double top and downtrend momentum. I simply placed a trend line and it currently looks like it is respecting the trend line in the 1.24100 area and may reject from breaking the trend line so being it will be continue with a downward momentum. so lets see what E/U has to bring for us this week. If any questions contact me on Instagram @therealalanalvarez.
I hope this was helpful.
EUR/USD - Short / Put - E 24 Jan 19:00 - T 1.22500The EUR/USD is still in an Ascending Channel for the long term, but on the short term we predict a downward correctie. RSI, Stoch RSI and MACD 4C underline this for the short term.
Asset: EUR/USD
Position: Short / Put
Expiry: 24 Jan 19:00 (GMT+1)
Target rate: 1.22500
Greetings,
Tradebinaireopties
Sideways Stop hunts EUR/USDTo start I am brand new to Forex. I have only been trading for a month now and in the month i have turned a 100$ account into 7$. it is currently up to a whole 20$ and i would like to share what i have learned so far currently involving the EUR/USD pairs current movement.
1:M's and W's and slanted M's and W's
after sitting in the trading view Forex chats i notice that after we reach the top (probably) people seem to be doing one thing here.
Going long and going short with tight stops . everyone seemed sure that it was either going up or going down and wanted to "get in" then we got 3 M/W patterns. looking at historical charts i see these in trend change area's often and I believe they are simply exist because large players can somewhat reliably guess the new trend direction and want your liquidity.
2: how yesterdays psychology hit today and where its going
most people in the chat seem to think its going to go up or go down and as we know retail traders (myself included) and 90% wrong. in this case its because as i have noticed from the chats the general consensus is that its either going to go up or down. In contrast very very few people argued with the preceding uptrend. In yesterdays case most people where still 90% wrong either way the M's and the W's today knocked through most of the lines we are trained to up our stop losses slightly above or bellow. Seems most of the people going long got stopped out just as well as those going short myself included.
I personally believe a bearish trend will eventually break during London after a quick break up this is because the last bullish trend broke high enough above the resistance line today and triggered enough stop loss liquidity for larger players to go short.
3:My Strategy
* Strategy's should be based around trends in my opinion every time I start trying to Guess trend change I lose 100% of the time.
1H no clear 1 hour trend as such i recommend not holding a position to avoid whipsaws until a strong trend is apparent.
15M scalp long with tight SL at the bottom of quick large bearish candles TP 8 pips
I am new and welcome criticism that is how we learn. Thanks
EUR/USD, 4H, ShortEUR/USD is likely to go down on the 4H chart. maybe going up more because of MACD Golden Cross below the 0 line.
So, 1st entry point is 1.1880 profit target is 1.1620, if more 1.1420. Stop loss point is entry level + 2 ATR = around 1.2060(if you enter @ 1.1880)
* Always be sure about your margin, position, entry, exit.
EUR/USD, 4H, ShortEUR/USD is likely to go down on the 4H chart. maybe going up more because of MACD Golden Cross below the 0 line.
So, 1st entry point is 1.1880 profit target is 1.1620, if more 1.1420. Stop loss point is entry level + 2 ATR = around 1.2060(if you enter @ 1.1880)
* Always be sure about your margin, position, entry, exit.
EURUSD shortOn this pair I don't think too much in the short term 'cause wants to move like it should, but in the long term is very interesting, looking for some key points to have in mind:
1.18579 to go short
1.16469 break and rejection zone (short term)
1.14121 buyer zone keeping the pressure where to see a choppy zone looks unavoidable, break and retest (mid term)
1.07314 gap are to cover (long term)
Have a good trading week. Stay tuned on twitter
Cream Live Trading, Cheers!
EUR/USD HITS RESISTANCE LINEWatch carefully the price, if the price of EUR/USD goes above the resistance( white ) line, then you could start buying. If it hits it and you see red candles forming, then it won't keep going up, and you could short.
Basically, if goes above the resistance line and breaks it, then go bullish, otherwise you can stay bearish. Just watch carefully.