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EURCAD,🟢Is it time to buy?🟢(Details on caption) Well, The price had a bullish reaction after touching the daily FVG, so I expect a more bullish move in EURCAD. As the first target, we can define the liquidity pool that formed as an equal high at 1.4573. The price formed the bearish order block, we should study the price in this zone because it is an important supply zone, if the price breaks this zone we can expect the price to be at a higher price. If the price stays above the daily bullish FVG, the bearish FVG can be our final target. (1.4780-1.4890)
Long
by VahidTradingCR
1
Euro H1 | Approaching overlap supportThe Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.08030 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 1.07861 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Take Profit: 1.08289 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURAUD H4 | Potential bullish breakoutEUR/AUD is rising towards a breakout level and could potentially break through this level to climb higher. Buy entry is at 1.65028 which is a potential breakout level. Stop loss is at 1.64420 which is a level that sits under a pullback support. Take profit is at 1.65585 which is a pullback resistance that aligns with the 61.8% 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. 66% 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.
Long
by FXCM
EURUSD: Triple rejection on 4H MA200, 1D MA200 and Channel Down.EURUSD turned neutral technically on the 1D timeframe (RSI = 49.576, MACD = -0.003, ADX = 24.613) for the first time since February 1st which was the previous LH of the two month Channel Down pattern. It hit today the 1D MA50 in the process and got just pips away from a 4H MA200 test, a trendline that has been intact as a Resistance for almost 1 month (since January 24th when it made a strong LH rejection). This is a potential Triple Rejection (4H MA200, 1D MA200 and top of Channel Down). As long as the 1D technical outlook remains neutral, it favors the bearish trend. We are opening a short here, targeting the 1.236 Fibonacci extension (TP = 1.0661), which is a level that was hit on every LL inside this Channel Down. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Euro can rebound from resistance line and fall to 1.0725 levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price recently entered to downward channel, where it rebounded from the resistance line and in a short time fell to the 1.0835 resistance level, which coincided with the seller zone. After this price some time traded between this level and later rose from the support line to the resistance line of the downward channel and then turned around and declined until to the support level, which coincided with the buyer zone, thereby breaking the 1.0835 level and exiting from the downward channel. Then Euro bounced from the support level and started to rise in an upward channel, where it first rose to the resistance line and then made a downward impulse to the support line, breaking the 1.0725 level, but soon it backed up. After this movement, EUR continued to rise in the channel and a not long time ago price approached to resistance line of the resistance line of the upward channel. So, in my mind, the Euro can rise to this line and even higher to the resistance level and then start to decline to the 1.0725 support level, where I set my target. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
EURGBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.85688 Why we like it: There is a pullback resistance level Stop Loss: 0.85916 Why we like it: There is a pullback resistance that aligns above the 38.2% Fibonacci retracement level Take Profit: 0.85204 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
EURO - Price can bounce up from support line and exit from flatHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments. Some days ago price traded near resistance level, which coincided with resistance area, but later it bounced to $1.0890 points. After this, Euro made correction, and then in a short time rose back, entered to traingle and made downward impulse. Then price entered to flat, where it fell to support line of triangle and started to move up to $1.0800 level. When price reached this level, it bounced down to $1.0710 support level, which coincided with support area. EUR started to rise near support line and in a short time later almost reached resistance level. Now, price trades near this level and I expect that EUR can decline to support line and then bounce up to $1.0840, exiting from flat. If this post is useful to you, you can support me with like/boost and advice in comments.
Long
by WalterMoon
1
HelenP. I Euro will turn around and start fall to support zoneHi folks today I'm prepared for you Euro analytics. A not long time ago price declined to the 1.0895 resistance level, which coincided with the resistance zone and soon broke this level. Price declined to the trend line, after which EUR rebounded up to the 1.0895 resistance level and started to trades near this level, but some time later it rebounded from this level and fell to the trend line. Then Euro rebounded from this line and rose to the resistance level, but the price didn't break this level and in a short time declined to the support level, which coincided with the support zone, breaking the trend line and entered to consolidation. Soon, the price bounced from the support level and rose to the top part of the consolidation, after which the EUR turned around and declined to the trend line, breaking the 1.0735 level, but recently, the Euro rebounded from this line and soon rose back. Just now, the price trades near the 1.0735 level and I expect that the Euro will rise to top part of the consolidation and then start to decline to the support zone. That's why I set my target at the 1.0710 level, which is located in this zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
EURO - Price can exit from wedge and fall to $1.0655Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades in wedge, where it first made upward impulse from support line to resistance line. Also, Euro broke $1.1000 level, which coincided with resistance area, but soon it turned around and declined below this level. After this, price rose to $1.1000 level, bounced, and continued to move down to $1.0780 level, which coincided with resistance area. Euro broke this level and fell to support line of wedge, but at once price bounced and tried to back up. But recently it declined to support line, bounced, and started to grow, so now EUR trades near this line. I think Euro can rise to resistance level and then bounce down to $1.0655 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
Euro can continue to move up to resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price was a not long time ago rising near the resistance level, which coincided with the seller zone and later EUR rose to the resistance line of the wedge. After this price turned around from the resistance line and in a short time declined to the support line of the wedge, which coincided with the buyer zone and support level, thereby breaking the 1.0825 level. Also then, Euro bounced from the support line and started to move up to the resistance line of the wedge. Soon, EUR, after reached a resistance line and made a downward impulse to 1.0695 points, breaking the 1.0735 level, but a not long time ago the price turned around and in a short time grew to this level and broke it again. Then Euro continued to move up and now it trades near 1.0780 points, and I think that Euro can fall to 1.0750 points, after which the price will turn around and start to grow to the 1.0825 resistance level. For this case, I set my target at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
EURUSD: The trend continues. Sell again over the 4H MA50.EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to sell and target a new -1.33% decline (TP = 1.06600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
HelenP. I Euro can reach trend line and then rebound downHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago declined to 1.0890 resistance level, which coincided with the resistance zone and at once rebounded up to the trend line. After this upward movement, the Euro turned around and in a short time declined to the resistance zone and started to trades near. Some time later, the price broke the 1.0890 level, made a retest, and started to trades below this level with the resistance zone. A few moments later, the EUR little declined from the resistance level, but soon turned around and rose to this level back, which coincided with the trend line also. But after this, the price at once rebounded and made impulse down to 1.0725 points, after which it turned around and started to move up. Recently the price has almost approached the trend line, and at the moment continues to rise to this line. For this reason, I expect that the Euro will reach the trend line, after which the price can turn around and start to decline. Therefore I set my target at 1.0705 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
EURUSD Best sell signal on a 6 week basis.EURUSD remains within the 6 week Channel Down pattern and with today's analysis we are basically updating our February 01 outlook (see chart below): Our area of focus now is the zone which the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line) form. This is depicted on the chart by the red circle and as you see it has formed every Lower High of the Channel Down since January 11. In fact all of them were priced after they touched the 4H MA100. Right now we have only the 4H MA50 breach, but if you cost average your positions effectively, it is good enough to go on a new short-term sell again and target near Support 2 at 1.06650. That represents a -1.42% decline from a potential 4H MA100 Lower High, the minimum decline we've had on a Bearish Leg within the Channel Down. Note that the 4H RSI Rectangle can be used as an additional indicator for buying and selling. ------------------------------------------------------------------------------- ** 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
EURUSD: Consolidation & Your Trading Plan 🇪🇺🇺🇸 EURUSD is currently trading within a narrow horizontal range on a daily and stuck between 2 daily horizontal structures. If the price breaks and closes above 1.0817 resistance, we will expect a bullish continuation at least to 1.087. If the price breaks and closes below 1.0723 support, a bearish movement will be anticipated to 1.067 The US inflation data will most likely be the catalyst. Patiently wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Euro can rebound up from support line of triangle to 1.0840Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago rising in an upward channel, where it broke the 1.0925 resistance level, which coincided with the seller zone and soon reached the resistance line of the channel. But then EUR turned around and in a short time declined below the 1.0925 level, breaking it and also exiting from the upward channel and starting to decline in a downward channel. In this channel, the price tried to back up, but when the Euro reached the resistance line, which coincided with the resistance level, it rebounded and continued to fall. In a short time later Euro declined to the support line, after which it rebounded up to the resistance line of the downward channel and then made a downward impulse to the buyer zone, thereby exiting from the downward channel and breaking the 1.0750 support level. But after this movement, the price entered to triangle, where the Euro turned around from the support line and soon rose to the resistance line, breaking the support level one more time. Recently it rebounded down from this line and at the moment Euro trades near the support line. So, I think that EUR can fall to the support line and then rebound up, higher than the resistance line, thereby exiting from the triangle. For this case, I set my target at the 1.0840 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4