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Eurusdbreakout

EU Breakout situationEURUSD price has arrived to the 1.141 support zone. This support is an important zone. Breakout situation forming, because the price make double top again, with lower high like January 10-11th, and the price respecting the 20 day MA. If the price break the 1.141 support zone with an impulsive wave open short. The price can bounce from this zone(look at RSI:oversold(28%)) and we stay in the 1.151-1.141 consolidation zone. Important news: -EURO PMI: 10:00(GMT+1) -Last:51.2 -Forecast: 50.8 -USA PMI: 15:45(GMT+1) -Last: 54.4 -Forecast: 54.2
by LszlRakonczai
EURUSD possible trade scenarioIn my yesterday's analysis on EURUSD for long, it actually didn't break the level i mentioned, so for now i am looking for 2 possible scenarios. First Scenario: Market is testing yesterday's lows, it could potentially break and may test the prior low as momentum on higher time frames is still strong so this could be one scenario. Second Scenario: As we have MACD divergence activity playing out, this could possibly break yesterday's lows and bounce, so kind of fake breakout. So lets see how it unfolds, keep watching. Trade Safe! Thanks for your support.
Long
by UmarAbdurRehman
6
EUR/USD BUY OPPORTUNITYForming a flag though some may call it a pennant, but either way market will break to the upside. Buy at bottom channel line if confident for more pip potential or wait for breakout first to be sure and guaranteed. No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to you. HELPFUL VIDEO TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN PLEASE LIKE, FOLLOW & SHARE. ~ THANKS! ~
Long
by Dani0
EUR/USD RISING WEDGE PATTERN SELL?Spotted another pattern forming in yet again the EUR/USD Market 30mins timeview. Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside. Ignore blue lines as those are depicting earlier pattern formations traded in a different timeframe viewing. Posted their charts but as the timeviewing was 5mins, tradingview only let me post it as a private chart so it can only be seen by others if i post the link to it as opposed to showing on my profile. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
Short
by Dani0