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Eurshort

EURUSD down channel to continue, target 1.085 ultimatelyEURUSD has been on a strong down-channel for nearly 2-years now and it's respecting the market structure and confluence that it is forming for the moves lower. Just recently the top of the channel and strong resistance based on the structure was hit at 1.1105, from there a long extended doji wick formed which identifies the sell pressure coming into the market. We can expect a move lower off this resistance down to 1.099 at first then through down into 1.09. Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Short
by TRADEPROAcademy
EG: Weekly long setupStill no entry yet this week on any trades. On the weekly, you can see a major support zone of 0.85 looking at the longer term timeframes. I feel like from this price that EUR/GBP will push up alot. Multiple 100 pip targets once we score an entry. I think we can break through 0.85, and we can then see some downside movement on pound pairs and then to the upside with plenty of potential. Trades will always be shared with you all live when we take the trade. stay tuned as always.
Long
by UnknownUnicorn3442968
10
EURUSD Bear signal down to 1.09, 20+Month bear channelEURUSD has been in a strong bear channel, nearly 2 years straight. A lot of its due to the ECB monetary policy that has an extremely dovish tone, which puts downside pressure on the Euro. On a technical basis on the weekly chart we got a really strong reversal at the top of the channel at 1.117 and a recent broken low that was tested and held really well by the bears at 1.109 with a long wicked candle that closed the week bearish and identified a higher probability short down to a new low. The target to the downside is the GAP start from April 2017 at 1.073. Disclaimer: This is not trading or investment advice, this is analysis used for educational purposes only.
Short
by TRADEPROAcademy
EU: Update for todays trade ahead of CPIWill be looking to enter long with this setup, as we've tracked it's downward price action so far into our buy-zone shown in the original chart posted a few days ago. This entry will be provided in our telegram as a buy signal with entry, specific stop loss, account management info, and fundamental data. It's important to remember that CPI numbers come out in 1 and a half hours, so this setup won't be valid until that liquidity has entered the market, thus our bias remains neutral as it's in a shorter term (1-h4-4-hr downtrend)
by UnknownUnicorn3442968
3
forexTrdr EURGBP- BEARISH DIVERGENCE HEADING FOR 400 PIP DROP?Afternoon traders, Smashing the trades out today with G20 out of the way and the start of a new month there is some great setups lining up. Euro versus British Pound being one of those with a bearish divergence forming on RSI. As you can see in our trading view chart RSI has been forming lower highs at the same time as price action was forming higher highs. This has now topped out around 0.89935 and has, since Friday, formed a series of 3 lower highs and lower lows. Volumes have also peaked suggesting that the market has ran out of steam to run higher from here. We have also highlighted all of the relevant support levels that may prove sticky on pricing before the pair head back down towards low 0.87 area and potentially retest May levels of 0.85. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Good luck trading from the Team at forexTrdr
Short
by forexTrdr