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EURUSD 4HR Bearish ProjectionThe current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further towards the 1.05553 price zone, which represents the next significant support level in the coming weeks. It's crucial to remain aware that market conditions can shift unexpectedly. If the price manages to surpass the extended trendline and break above it, my bias would change. However, as of now, I maintain a bearish outlook on EURUSD. What's your thought on this? Kindly comment below
Short
by Popeson
2
€40B Euros Pumped ETH Today have we found a new support lineI have found it amazing to watch such phenomenal amount of money pump into ETH, €40 Billion Euros pumped in today, but it is such a velocity that if this continued ETH would have a market cap as big as Bitcoin within a month, surely a correction must be imminent, if this is the top line for today, have we found our new resistance line for a short while for a breather? if ETH continues like this it will have a €700B Market cap in 10 days, that's ridiculous, my prediction is expect a correction. Just a reminder Im a newbie having fun, watching candles go up and down, I would be happy to buy some ETH at €2500. Not financial advice of course, enjoy this crazy ride.
Long
by TobesVibration
1
€3000 by 21.05.21 ?What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction with JP Morgan, Santander, Credit Agricole while the protocol is evolving using technology like Hyperledger Besu and Consensys Quarum to connect the banks to the blockchain. This new has of course created lots of retail action some incoming from BTC, FOMO is starting to kick in, can ETH get to €3000 by 21.05.21 or maybe sooner?
Long
by TobesVibration
2
EUR / YPJ market analysishi dear friends today another technical analysis for the EUR / JPY market within 15 minutes it shows that the VWAP indicator is above the market price so there is a high probability that the price drops at the same time when we pass to the day chart the market above EMA therefore 80% of probability the market will fall until the price of 116,168 and at the same time it must be taken into account that there is a probability of 20% that the price increases until at the level of 119.253 we can deduce that the next few days will experience a decline it would be better to sell you can share you love by giving me likes and comments this your action will inspire me to work more and more
Short
by YL_PRO
Golden corner pocketEUR/USD is sitting right on top of the golden pocket giving a low risk long opportunity. Volume has been on the decline during this C Wave, and we have some nice bullish divergences. The parallel channel resistance and then the 0.5 Fibonacci are still going to be tough levels to get through, but technically the signs are there for a reversal, thus I have been building a long position over the last few weeks in this golden pocket. If there is one more Wave to come .786 offers strong support; below that and the long setup is invalidated, but the count at the moment is looking bullish hence my trade position.
Long
by PatekCharts1
Anticipating two moves for EURUSD todayQuick Recap on my yesterday's trade and price action up until now Yesterday my intraday bias was EURUSD = Up. Reason? : 1. Price last week have hit Weekly and Monthly Range 2. Price is trading below this levels hence its on price levels that I like to call "a hot zone". Its not a certainty but it has high probability the price would reverse/retrace/move sideways because you cannot keep buying the dollar (when you short EURUSD, you are buying the dollar with Euros) a currency forever without selling it back and putting it back into the "inventory" 3. Price tested levels that I thought at the time a very significant level 1.3200 (My entry and Stoploss are market with Pink arrows/Pink Lines. My TP was the projected daily range high) 4. Price hit my stoploss and went further down to 1.13100 - 1.13000. 5. Price then shoots up in mid speed and hit my intended target (market pays back what it owes //*Range miss one of the projected range high or low, very often the price hits the projected range high or low in the following days. In this case, it pays back before the London opens) My Trading Plan Scenario A (Look at blue arrows) : Price stops where it is right now (exceeding the average Asian Session range) and retraces back inside the range. During London opens, I will look for patterns that signals price could go up (W pattern, Bullish engulfing candle, Doji followed by bullish candle. But a W pattern (doesn't need to be all perfect) (LONG) Scenario B (Look at red arrows) : Price continues and hit either of those two levels. From then on, I will look for a retracement trade. A double top or a quick inverted V (bearish engulfing candle) at those price levels (SHORT) Note : Long term I am still (BEARISH EURUSD) the EURUSD due to Federal Reserves & ECB's monetary policies (divergent) If you like my writeup follow me here or DM me for any questions. Thanks
by sufiansaid
8
EURGBP: Wait for a pullbackAll of the Euros pair have been extremely bullish for this year. However, it seems like the Euros have reached a lot of strong resistance on most pair. This pair have recently formed a head and shoulder, followed by a continued downside breaking through the uptrend channel. It is good a idea to wait for a pullback for confirmation that this is the start of the downside. I am looking to short at a pullback back into the 61.8 fibs level. Trade with care.
Short
by AbdorhmanThi
EURAUD in descending Channel forming Harmonic PatternsI spotted these Harmonic patterns before the big channel started & also inside it, besides A head and shoulder, with X of the yellow pattern as the head of the left Shoulder & C of the red pattern as the head of the Right Shoulder. Keep an eye on it Once the green pattern completes, I'll go long from D to 61.8 fibo of AD ( Red pattern) ... The Green Harmonic is purely speculative as long as its C isn't on the chart. The Pair broke the red trend on the Daily time frame so be careful with the buy position though !
Long
by HHCWW