EURUSD Long Price is moving in a discending channel on weekly/monthly timeframes. The 1.618 extension of most recent Swing low to swing high lines up nicely with discending channel resistance.
EURO-USD
EUR/USD LONG TO MONTHLYStill looking for the euro price to go higher. This is just an idea though.
My target is still at the monthly 1.19250 resistance.
Euro - USD Short PositionBase on Elliot wave would be start for rest major and candle pattern this wave needs more rest
EURUSD Out Of SteamEURUSD looks to be out of steam and ready for a corrective wave down! Stop at 1.1935 and take profits at 1.1680 > 1.1420
EUR/USD up to weekly resistianceEur is still making higher highs, euro is extremely strong right now. Just looking to squeeze out the last pips out of this pair.
My target is the weekly resistance at 1.1925
EURUSD Weekly Targets and StrategyOn this beautiful weekly time frame I have drawn the next resistance levels for eurusd and while at it also threw in the support levels. You can see that its also breaking out of a resistance currently. Next one wont be seen until 1.21 which is actually support level from the last bull trend, the next real resistance is at around 1.27 and has been tested a few times. Some people might also see the small pike at 1.17 as a resistance.
Now how to use this information.
Well you can buy it and hold for the long term and I have patience. But I assume most people trade the lower time frames and hold their position short term. So with a bullish setup like this on the weekly (and also on the daily) you wanna look at the lower time frames for similar setups to buy, since selling it would be counter trend and could get you hurt.
So hunting those lower time frames for buy entries and booking profit when it hits the next resistance there will be a very very profitable trading strategy the next months.
Feel free to leave any questions in the comments.
EURUSD Short Position ...daily trading FOREXCOM:EURUSD
this Week Just sell short position in ...daily trading
use fram daily , 4h , 1h
EURUSD Buy Zone After Pull BackEURUSD : It has a strong Buy trend however it has also on pull back, so we can place a buy order with money management
Thanks
EURUSD possible short movePossible short move from Monthly resistance on EURUSD
I will be selling once it make proper Double top on H4 timeframe
End of correction-EURUSDAs we can see, correction of the last wave has finished. Now we can expect a new bullish impulse at least till 1,144 aprox. *Be careful with the daily lateral movement*. A breakout of this lateral would significate the emergence of a new daily bullish scenario.
How I made $4000+ trading this pair?Hello traders!
Hope everyone is having a profitable week.
I have published my idea few months ago about how the bulls were returning to euraud. After the simple 3 signs that this pair has gave me, I started trading with the trend and went long!
Total Profit: $4878.83
Trading Diary: goo.gl/WOi6yU
Please like and comment for more of my educational material!
- Abdulla :)
EURUSD new Yearly Highs.EURUSD new Yearly Highs.
The yesterday Daily breakdown through the Lows, was a Bear Trap.
Now we can see a climb to new Yearly Highs.
First Target is the area by 1.1250 and next Target is 1.1350
In my view it`s possible that fresh Sellers comes by 1.1250, this Sellers are important, for new fresh Highs.
Good Luck
Michael
Big Bear Trap EURUSDI see a Bear Trap in the Price Range beetwen 1.1100 - 1.1160.
I my View we see new Highs in the EURUSD. First Target is the Area by 1.1250
In this Area is possible that Short Trades comes in the Market with Stops above 1.1270. But I see not potencial for a big downside move, which change the upward Trend.
Speculative Trader goes Long and carefully Trader wait the Monday move and a confirm if we see stable Prices, after the Friday weakness.
First Target 1.1250 and second Target 1.1350
Good Luck
Michael
Euro Dollar.. more pips.Good pull back opportunity on EU. Check DXY (dollar index) for confluences. USD fundamentals at play.
EURUSD - Trade PlanningHey!
As you can see it on the chart we have a strong support 'area' where the 200ema and my dark red horizontal line cross.
If price can break above the orange-ish line, then, a good long position can be placed - although the red downwards trendline can stop it.
Let's see how it goes - today is a very calm day, I do not expect any major movement.
#Eurusd gartley 1st T, garfly 2nd T may see correction to 1.0645, which is my line in sand for bulls. 1st target is gartley, 1.08360; 2nd target is garfly at 1.0980, which will complete a bearish 50 Ive been preaching about. There is a major possibility of price blowing through 1.10 which will set the stage for 1.20.
link provided below.
EURUSD Wedge timeHey hey!
So far, we're on track. Attached find the yesterday's bounce-up-break-down idea.
Now we're going to check whether we should sell (60%) or buy (40%). Why?
The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough.
I'll be updating you as soon as a trade will be placed.
Tell me what you think in a comment.
XAUUSD - Short opportunityHi everyone,
This pair is getting ready to shoot itself back to te ground.
Bye.
EURUSD - Contradictions in one picture - Trading IdeaHey Everyone!
Yesterday, we were buying EURUSD with a good 1:3.2RR win.
Since then, my view has changed a bit. Let's look at this 1h picture.
Reasons to buy:
It's still going higher, making new highs and new lows (we call it an uptrend)
The trendline is still valid and acted beautifully when it came to hold the price
This retracement can be retest of the trendline, then we go up, up and away
If you look at daily chart, according to price action it can still hit the previous shadow of 9 nov.
Reasons to sell:
I have seen it many times, making new highs and lows and then, out of the blue it just broke down with candlesticks like that
On 1h and 4h we have a double top which is even more confirmation
Candlesticks on 1h shows loss of control by the bulls
All things considered, I will be monitoring this trading idea closely as this can be a bear trap as well - a moment when everything shows that it will go down but in the end it goes up - and I rather wait than jump in for no reason.
EUR/USD bullish reverse in actionHey Everyone!
I have taken EUR/USD long this morning as you can see it on the picture.
Strong bullish movement in the past month
The last 4-6 days show a clear strength of EURO
Daily Chart signals engulfing candlestick pattern
A strong bounce from an Hourly trendline was expected (not on the picture)
All in all, I believe it's a good trade and still has a valid point to enter.
$EURUSD | Bullish Targets Defined | Predictive/Forecasting ModelHello Traders,
There is a lot of action going on right now around Euro because of the French elections. Taking a purely technical look at EURUSD, the Predictive/Forecasting model has defined the following BULLISH targets.
Very High Probability - 1.10444
High Probability - 1.11140
Low/Medium Probability - 1.12039
Highlighted in faint grey is a background geometry that I'd pay attention to through the corner of my eye. However, it has not posed any significant pull on the price as of yet.
For those that are not familiar with the Predictive/Forecasting Model, it is the method taught by David Alcindor, known as "4xForecaster." I was fortunate enough to be one of the few students to take his course and learn the "magic" behind the very powerful model.
For historical reference, the Predictive/Forecasting Model was used during the American Elections as well. I have linked the ideas below.
Best,
Chartistry
