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EURO - Price can reach resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it rose to support level, but at once bounced down. Price fell to support line of channel and then made upward impulse to resistance line, breaking $1.0740 level. Then Euro corrected to support level and then in a short time rose to $1.0875 level, exiting from rising channel. Euro started to trades in flat, and firstly it made fake breakout of $1.0875 level, after which declined to bottom part of flat. Soon, price rose to resistance area, after which turned around and recently fell below, making fake breakout again. Now, I think that EUR can rise to resistance area and then bounce down to $1.0805 bottom part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
EURUSD: ZONES and CHANNELS Hello traders: This is intraday analysis for EURUSD: The mid-term channel is bullish and we are around a good place to see pressure of buyers. On the other hand, the bullish short-term channel is broken but we are far enough from it. I'm searching for longing the pair around the current zone 1.0845. my first tp could be around 1.08550 and the final TP is 1.08650. the 1.08650 zone is perfect for short trading if it coincide with the middle mid-term channel.
by AliSignals
EURUSD: Today's result is critical for maintaing the Channel DowEURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we are still on course to forming the new bearish wave of the five month Channel Down. We are still aiming for the 1.236 Fibonacci extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
TRADE SIGNAL - BUY EURJPYWeekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days. Confluences (A.K.A checklists) to look out for: ✅Price at psychological level? ❌Has there been a recent intraday range? ❌Do you see 30 mins or 1 hr price bar closure outside recent range? ❌Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the left-hand-side been identified and marked as potential problem area/TPx? Go long only when you tick out this checklist!!! Trade parameters: Buy @ 169.982 - 169.781 Flex SL 169.449 Final TP 171.002 Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Long
by Kingsley_lotanna
1
GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
HelenP. I Euro will continue to fall to support line of channelHi folks today I'm prepared for you Euro analytics. Some time ago price reached the support level, which coincided with the support zone, and soon broke this level, made a retest, and continued to move up. In a short time, EUR rose to a resistance level, which coincided with the resistance zone and even rose higher to the trend line, breaking the resistance level. But soon, the price turned around and started to decline in a downward channel, where it at once broke the 1.0865 level, and fell below, but soon it backed up and reached the trend line again. Later price finally broke the resistance level and continued to decline to the support line of the downward channel, after which the Euro rebounded and rose to the resistance zone, which coincided with the trend line, which is the resistance line of the channel too. But recently price rebounded from this line and started to decline. Just now, I expect that the Euro will make a small move up to the trend line and then continue to decline. For this reason, I set my goal at 1.0800 points, which is located near the support line of the downward channel. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Euro can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price reached a resistance level, which coincided with the seller zone and even broke it, after which continues to grow. In a short time later it turned around and started to decline inside the downward channel, where the Euro soon broke the 1.0870 level again and fell to the 1.0725 support level, which coincided with the channel's support line with the buyer zone. Then price rebounded up to the seller zone, thereby exiting from the downward channel, but soon it turned around and made a downward impulse lower the support level, breaking it. After this movement, the price started to grow inside the upward channel, where soon price broke the support level again and continued to move up. Soon, EUR reached the resistance line of the channel and rose to the seller zone, exiting from the channel, but a not long time ago price turned around and declined to a lower 1.0870 level, breaking it one more time. In my opinion, the Euro can make the upward move to the resistance level and then rebound down. For this case, I set my target at 1.0760 points, which almost coincides with the support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
EURCAD Short-term buy signal.The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023. Until then, we will stay bullish, targeting the top of the 15-month Channel Down at 1.49750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURO - Price can exit from channel and continue rise to $1.0910Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to grow near support line and reached $1.0860 level, which coincided with resistance area. Then EUR made downward impulse, breaking support line and support level, which coincided with support area too. But then, price started to grow inside rising channel, where it broke $1.0655 level, and then continued to grow. A short time later, EUR rose to resistance line of channel and exited, after which rose to resistance area. After this, price turned around and soon declined lower $1.0860 level, breaking it again inside falling channel. In my mind, Euro can decline a little, after which bounces up to $1.0910, exiting from channel and breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below Position Parameters; Entry BUY @ 169.500 - 169.223 Flex SL 169.060 Final TP 170.496 Note: i'd share updated confluences from next post. Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Long
by Kingsley_lotanna
Euro H4 | Overlap resistance at 61.8% Fibonacci RetracementThe Euro (EUR/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0854 which is an overlap resistance that lies underneath the 61.8% Fibonacci retracement level. Stop loss is at 1.0905 which is a level that sits above a swing-high resistance. Take profit is at 1.0798 which is a pullback support that lies above the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
EURUSD Channel Down looking for a Lower Low.The EURUSD pair gave us last week (May 17, see chart below), the ideal Lower High sell entry, as the price got rejected exactly where we wanted it to at the top of the 5-month Channel Down: We now view this price action from the 1D time-frame where the 1D MACD is about to form a Bearish Cross. Every time in the past 6 months this was formed above the 0.00 level, it was a confirmation that the pair would go after at least a -2.35% decline. This is perfectly aligned with Target 2 (1.06550) on Support 2. Target 1 (1.07300) is just above Support 1, both of which are estimated in accordance to the March Bearish Leg, which also hit its Support 1 and 2 before a rebound. It has to be noted also that while Target 2 represents a -2.35% decline, it would also make contact with the 1W MA100 (red trend-line), which is practically our long-term Support, having held and caused rebounds both on the April 16 2024 Low and before that on the November 10 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot