eurusd buying opprtunity eurusd buy opportunity based on supply and demand and structure analysis great risk reward trade
Eurrusd
EURUSD Playing For A 78.6% TestIn this update we review the recent price action in the EURUSD and identify the next high probability trading opportunities
EURUSD IS IN DESCENDING CHANNEL!!The currency is in its downtrend channel after a strong fall.
The price has now hit the channel line and there is a possibility of falling to the specified zone.
However, if the downtrend is broken, we will see an ascent to a higher target.
Just scaled in EU long! Running 4%Just scaled in eu long ! Partials taken, Risk of the table! Check previous post! 1min entry again. Aiming for liquidity above to be taken out soon. Trade safe and consistent!
EURUSD reversal loomingHere to share my thoughts on the most traded pair in the forex market.
Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal.
I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the euro's weakness fades.
EURUSD approaching resistance, potential drop! EURUSD is approaching our first resistance at 1.1358 (Horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1252 (Horizontal overlap support, 76.4% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
EURUSD approaching support, potential bounce! EURUSD is approaching our first support at 1.1303 (horizontal swing low support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1427 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
