FX:EURUSD OANDA:EURUSD Hello Traders, please check out my previous ideas. Continuing from the previous analytical scenario, if the euro stabilizes above the yellow zone, the price can climb up to the pitchfork midline. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around the red...
All the liquidity is sitting at around 1.10 area , my assesment is to wait for the fall load up buys and ride high , but all is based on price action, I'll update here when I'll take a buy this week is going to be very hectic 3 interest rate decisions.
-Bull move with strong candles -Retracement until 0.382 fib with a reverse head and shoulders -First target the swing high of the move -Second target the next reference point -Stop loss below the base of the reverse hnd pattern 2.2 r/r on first target 4.2 r/r on second
-False breakout to structure level -Strong bull candles -5m MACD divergence -Profit on the next reference point -Stop below level support 2.31 r/r
-Divergence on MACD RSI on support zone implying false breakout -Strong Bull candle -Tp on the next mini resistance area -Sl below the divergence low 1.8 r/r including spreads without exhausting the ranges
-False Breakout -Mini Accumulation on the support level that tried to become resistance -Return on the range SL below the accumulation low TP on the other edge of the range 2.46 r/r
List of confluence: 1: Breakout and retest of Key Level 2: Change in market structure from bearish to bullish 3: Trendline breakout
As mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of...
🟢 EUR-USD TF: 1D Side: Long Pattern: Falling Wedge Leverage: 5x Entry: Between $0.97974 and $0.99063 SL: $0.97974 TP 1: $1.00816 TP 2: $1.02164 TP 3: $1.03253 TP 4: $1.04342 I think this down trend will come to an end soon. 4H has double bottomed and monthly giving buy signal.
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
why i think eur/usd can see higher prices - engulfing the h4 bearish breaker / order block simultaneously. 1. ECB recently increased interest rates from 0 to 0.50%, interest rate increases make it more attractive to foreign investors to hold the currency with higher interest rates as they can earn more on their investment in that currency, aswell as with the...
Folks, The weekly on eur/usd is becoming very oversold and we are nearing major technicals support levels. If you take a look in to the DXY (monthly chart) you see we are hitting major technical resistance levels. This doesn't guarantee any bounce but it increases the probabilities for a bounce. I am already scaling in SMALL. WHY? Because if the price dips...
I will be going in looking for buys in London, but first we need to take out the level marked in red to the downside and I will enter below that with half the position and if we dig into the purple level I will take another entry targeting the highs above.
Price has bought up towards our 1hr levels and Liquidity all day as I predicted this morning. I expect price to continue to buy up another 30pips to our Fundamental Retracement Level.$1.04700. Trust your trade set up. Never over leverage. Have fun!
The Dollar and Deflation Elliott waves in FX might be anticipating deflation. Demand for U.S. dollars has surged over the past couple of weeks as the economic and financial sanctions on Russia cause all sorts of ramifications . Essentially, taking out an active chunk of the day-to-day global capital markets reduces financial transactions and makes the...
- price should retrace to the imbalance marked on chart and then bounce off that area - looks weak at the moment but i believe it to be strong in the long run My OTE entry for a swing long is towards the bottom of the area of imbalance below current price
Hey Traders, today we are monitoring EURJPY for a buying opportunity around 129.290 zone. once we will receive any bullish confirmation the trade will be executed. Trade safe. Joe.
Looking like US Dollar is rejecting for third time! So we might get a turn on Euro pairs like EUR/CAD and Gold / Silver / Oil. Watch out might get a short covering rally in all these pairs everyone is selling!!! Be careful on shorting....