Eursekshorts
EUR/USD: Short at 1.0570-1.0580 Range
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple.
In the face of this volatility, the most suitable operation for EUR/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given:
Short at the range of 1.0570-1.0580, with targets at 1.0550, 1.0530, and 1.0510, and stop loss to be determined based on individual circumstances.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EURSEK MULTI-TIMEFRAME ANALYSIS & TRADE IDEA - ICI & M PATTERNHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
We can see that on all Higher Timeframes (Monthly, Weekly, Daily) EURSEK is bearish.
Monthly the market has created an M pattern where we can expect a retracement back to the neckline or wick of the monthly candle, where its lining up with structure and the 0.382 of the fibonacci retracement.
Dropping down on the Weekly we have an ICI to the downside where its also lining up with the 0.50 of the fibonacci retracement and structure where it was previous support turns resistant.
On the 4H timeframe this is where we take our trade. We will base our entry on the 0.50 of the fibo, and our take profit is at the fibo of the impulse of the weekly W pattern, which is lining up also with the wick of the monthly M pattern. Our stop loss is above the last high.
Trade Signals
SELL
Entry: 10.04000
Take Profit: 9.73703
Stop Loss: 10.09727
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
EURSEK approaching resistance, look out for potential reversal!
EURSEK is approaching its resistance at 10.6061 where it is could reverse down to its support at 10.3924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURSEK approaching support, potential for a further rise!
EURSEK approaching support at 10.3924 where it could potentially rise further to 10.6061.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
EURSEK bounced from support, potential for a further rise!
EURSEK bounced off 10.3924 where it could potentially rise further to 10.6061.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
EURSEK approaching resistance, look out for potential reversal!
EURSEK is approaching its resistance at 10.58175 where it is could reverse down to its support at 10.48990.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.