Euro-dollar
Sell USD through NovemberHere is another index chart USD vs EUR and Chinese Yuan combined (two biggest trading partners of the USA) from which you can see massive bearish engulfing after price broke yearly floor.
Even more bearish breakout from consolidation is observed on USDEUR*USDYJPY chart.
You can not see this well if you look just at EURUSD or DXY (which does not even include Yuan) charts. EURUSD should hit 1.22 by the end of this month. This is what I was speaking in one of my posts a few days ago, a missing 3rd bullish Elliott wave in EURUSD daily. See (its "upside down" from the chart above - means bullish eurusd rallies through November) -
EURO_DOLLAR TRADING PLAN|TECHNICAL ANALYSIS!
EUR_USD has respected the support confluence and is surging upwards.
The strong bullish movement in ongoing, that is most likely a reaction to the US presidential elections.
All the long opportunities are gone as far as I am concerned, so we will be looking at a short opportunities.
A good area for potential shorts is the confluence of the resistance lines ahead of the price.
Thus, we are waiting for the price to go higher, and then start looking for the reversal clues.
IF the current resistance is broken, next on in line would be the previous higher high of the "covid" bullish movement,
But I will be making a separate analysis if the price reaches this level.
Thanks for wathching!
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See you all then!
EURUSD: Daily Time Frame Analysis & Key Levels
hey traders,
due to uncertainty with elections, it is quite hard to find a decent trading opportunity.
the instruments are quite volatile and chaotic at the moment so I am waiting until it settles.
On eurusd after a bounce from the current structure low, the price is currently attempting to break above a major falling trend line that served as the resistance.
depending on the reaction of the market on that,
here are the key daily levels to consider:
Support 1 - 1.16 - 1.162 current daily structure low
Resistance 1 - 1.185 - 1.187 last daily lower high
Resistance 2 - 1.195 - 1.20
remember that if daily candle closes above the trend line, if it serve us support.
key levels are used as goals for our trades and as points from where we open them!
EURO_DOLLAR TRADING PLAN EXPLAINED|4:1 RISK-REWARD
EUR_USD has found a support at the previous lower low level and has broken the falling channel resistance level.
The breakout is confirmed and so we are all aiming at a long trade.
For a long trade, we need a pullback from the current highs , and then we go long from the level that you can see on the chart.
A great trading opportunity with the first target offering 2.5/1 risk reward ratio.
Thanks for watching!
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See you then!
EUR/USD bearish on the 4H timeframeHello guys ,my previous EUR/USD analysis worked out pretty well we hit the TP for 220 pips. I made the call in the 1H timeframe, AND looking at the 4H timeframe currently I think possibly we could see a downward continuation of the price until the 1.1285 level.
What are your thoughts........?
EURUSD - Potential sell re-entry EURUSD rejected the 0.618 fibonacci retracement level + descending channel resistance.
The market broke down below the pullback support.
Potential retest of flip trendline resistance + fibonacci retracement levels.
Sell re-entry at confirmed bounce off the retest ⬇️.
EUR/USD 🇪🇺 🇺🇸 to rise up to the 1.17616 local support level.EUR/USD 🇪🇺 🇺🇸 is moving within the symmetrical wedge with the pretty wide Bollinger Band volatility. The price is testing the ascending bottom trendline , and according to the oversolds and the Golden Cross is going to rise and test the 1.17616 local support level.
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EURUSD At Channel Pattern Support for Long.EURUSD has given a downside breakout from the Descending Triangle Pattern, which is formed at the resistance level (as shown in chart). According to chart pattern analysis, We might see a small upside correction move from trend line support towards resistance. One can initiate a long trade with a risk management system and stop-loss.
Thank You.
EUR/USD UPDATE!! price moving down We had a good entry at the start of the week. Now we are seeing price is finding support at the trendline but overall things are looking down on the technical side of things.
Here is what I think will happen :
Price is going to find resistance at the upper trendline and come down but most likely only going to start really moving down where we see the 2 trendlines crossing each other..
Let me know what you think in the comments below...