Eur_usd
EURUSD migh go upperHere we can see the begining of Impulse Elliot Wave. We'll see what's happens next week in macroeconomic world. Actually USA-China trade talks may affect it greatly.
Still moving down wtih tremendous verificationsOANDA:EURUSD
New target is 1.1070. Price has broken through support and moving toward major support. The new price target has been set to 1.1070 for safe trade.
EURUSD is willing to move down.As far as we can see, the trend went through the level of previous low and it's clear it goes further down. I suppose we see an Elliote Wave C. It's not completed yet. However I suggest to look carefully for pullback, then we may oppen a sell stop order under the complete wave C and wait for incoming news reports. It is likely to hit the lower trendline. Recent news reports tell about bad economical situation in EU.
Sell stop before corrective wave 3Recently due to the news from EU euro wenr down. Now we can see a corrective Elliote Wave, where wave 1 is already done, wave 2 is in progress, so we have a reason to wait for the wave 3 down. In addition, there will be some news about EU at Monday, so it's highly likely we'll see another strong wave down. I suggest to put a buy stop order under the end of wave 1.
EURUSD highly likely to move up.From the begining, I hesitated how it will move, will it be able to get through the upper line of the previous channel (purple line) or it will move in a new channel (blue lines). I suggest to take a look at Elliot Wave pattern built in current small channel (orange lines). It looks like the line 5 is to be done yet. That's why I suppose the EURUSD will be going inside a new channel and soon it will rise.
Eur/Usd Sell @resistanceHi All ,
I will opening a sell at 1.13223 . After the Inverse H&S price tends to pullback into support to gather more steam for the upside move , But EUR fundamental Situation doesn't look good for that steam , As started in my very first post about EUR , we are still trading inside a downtrend range .
TPs and SL marked on chart & as always SL to entry .
Many thanks.
Eur/Usd Buy Hi All ,
opening a buy on this pair . Inverse h&S .
Entry on chart and tp marked using price label.
TP1 hit on our sell .
SL to entry
Many thnks
EUR/USD Sell Explanation Hi All ,
this is to explain my post on EU Sell trade . as you can see price is within a range and we have sold from the top of the range where we have the right shoulder of an inverse H&S forming . Earlier today we could have TP with 15-20pips but we didn't as i reverse to my sl and give it more room for this analysis to play out .
There's a possibilities of a fake breakout of the top of the range , before a pull back down to the first highlighted price label of tp1 . Tomorrow we have the monetary policy meeting , which would help move the right shoulder before non farm on Friday.
Many Thanks.
2017 lows in 2019?The pricing is caught in a slow negative channel. 1.18 - 1.14 currently.
The drop has been painful for trend traders who can't get a lock on this activity.
There is a long-term price projection in the channel of 2017 lows (near 1.0480)
We have been in a bear situation with the EUR/USD since May 2018.
This isn't going away just yet.
A monthly close below 1.11763 can signal an acceleration to this decline.
EUR/USD... catch the momentum....Analysis:
1. Daily trendline broke and retested.
2. Daily resistance retested.
3. Daily Fibo 38% retested.
4. 2H is not showing stop hunts but a clear jump on bullish .
EUR/USD Short with 5.6 R/R - approaching OB + OTE + 200-MADear Traders all around the world!
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I'm looking for a decent EUR/USD Short opportunity. 12hr downtrend channel valid until here. Within this, EUR/USD respected OTE for swingers quite well.
Along with that we‘re approaching a bearish OB between 1.13647 - 1.13975. 200-MA sitting right there, matching with the 0.79 Fib-level. From there on we could probably retrace all the way back down to our daily OB.
Entry-zone: 1.13630 - 1.13800
TP1: 1.13260
TP2: 1.12840
TP3: 1.12415
TP4: 1.12020
Stop-Loss: 1.14095 or 1.14210. Choose your risk.
Additional targets coming if we fill and PA confirms.
Eur/Usd Talking Point !Hi All ,
So today , i got a message to post about EUR/USD . So here is what i am looking at . Sorry about my messy chart ahaha .
As you can see we had a uptrend rejection at 1.3385 region , Which trigger the triangle downtrend continuation .
Look for a break of 1.12800 for TP around 1.125-1.123 region. If it holds my bais will be long with the potential of breaking the downtrend triangle .
My Current bais is Bearish & i have no position open !!!.
EUR/USD Minimum Target Reached(See previous updates)FX_IDC:EURUSD now has two choices to make :
1 . Recover back to 1.129 and get further resistance and a return to 1.11 level . 1.129 is high probability resistance area. Resistance will go up in PRICE as time progresses as it is uptrending resistance. On the 15th of March the level will be 1.1304
2 . Continue down to 1.10 which should act as support.
If yesterdays low does not hold, chances are EUR/USD might get a move down longer than 12-13 days in duration and hit our TIME target - 15th of March which should act as TIME support.
You can see previous update for more info.
