Hello, EU bulls!!is it time? time for what u may ask... TIME TO LONG EU!!!! In 2021, usd has fell to multiyear lows against aud, cad, gbp, & nzd.
Euro, along with ch& jpy, has been lagging TREMENDOUSLY .. & now with the dollar pairs at support across the board and euro showing signs of life in other pairs i truly believe we can see 1.23 again and THE JOURNEY BEGINGS HERE
ENTRY 1.1845
TP1 - 1.188
TP2 - 1.199
ULTIMATE GOAL 1.23 & once we touch 1.199 thats all i need to see for another run to the 1.20's price again
lol i accept coins and cashapp $bakedbenji :)
Eurbuy
EUR/RUB Retrace Offers Long OpportunityAlready running a long on this since 89.000 but if not in the trade this retrace offers another chance to enter.
Price is now at 0.618 Fibonacci and this aligns with previous structure so if this rebounds from here it is a good long entry. Target remains 92.509 as in the previous post for this pair. SL can be just below 0.786 Fib
EUR/RUB At SupportThis is at a support level which has previously seen this reach the top of a range between 92.500 and 94.000. Before entering any longs we need to see MACD rise above 0 which would suggest this is returning to a bullish trend. Also EMA's cross for long will help confirm this further. If these indicators are confirmed then target is 92.509 with SL just below the low of support.
EUR/USD - BUY SET UPIn this video, we look at why the EUR/USD exchange rate has been pushing higher since March 2020 when the Federal Reserve cut interest rates in the U.S to 0.00% from 2.50%.
The U.S negative current account balance also makes the dollar structurally weaker as huge fiscal stimulus spending by the U.S Government will further weaken the dollar.
We look at entry price, stop loss, and take profit targets.
EURUSD 80 PIP BUY EURUSD showing great potential for a 80 PIP Rise. We currently have a decending triangle forming on the 4hr chart with a strong level of support as well as resistance. Due to the recent reversal of the support zone i am looking for a buy to the upside of around 80 PIPs to once again test the resistance. The descending triangle has been formed shortly after a strong bullish momentum so i beleive it will break above this and further rise in that direction, therefore i will look for further entries involving this in the future. Price is also sitting around the 200 EMA which i think will break very soon which will help in our favour. Furthermore we have recently come out of an oversold position on the RSI(10) along the line of support which has also been seen in previous tests. TP is set at 80 pips and SL set at 35 pips !
EURUSD - Euro break of channel and retest Diamond Fib In Play!EURUSD - retesting resistance turned support. Also in golden zone. Diamond Fib indicates TP1, TP2, TP3. 1:3 Risk to Reward Ratio to TP1.
Rules?:
1. Take partial profit at TP1? Taking partial profits impacts your Risk to Reward ratio. But it is nice to walk away with something.
2. Then move Stops to break even?
3. Trail Stops at each TP level.
EURJPY LongAlmost similar idea as EURUSD earlier but need to be more cautious if S&P500 suddenly drops instead of climb to 2900. Initial TP @125.6 (61.8 fib) and next TP @126 (100 fib), with conservative SL just few pips below this week's low.
S&P 500:
Daily:
Weekly:
Confidence: 80% (less confident here than in EURUSD because market is still risk-off in general + the "rumored" recession + risks related to ongoing trade "negotiations" between US and China, which all give me a bullish bias on JPY if things indeed go gloom and doom irl lol)
EURUSD BuyLimit on 1.1433 with RRR 3.63I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)