Eurusdbullish
EURUSD BULLISH SHORTERM SCENARIOAs we can see eurusd was broke trendline before
and now he just reversal on lower timeframe makin impulse structure as well
and also we can see Bullish Flag on 15M was breakout
so we can waiting for confirmation (pullback) then we can execute
comment your perspective below !
EURUSD AnalysisOn the daily the market is currently above the 200 MA indicating its in a bullish market. You can see price recently mitigated the IC and straighter rocketed up, I'm 99% sure institutions are closing their sell positions(Which probably is the reason price broke outside the support and resistance zone). Before the move back within the two Support and resistance lines i believe price will drop back to the purple zone of demand to complete the right shoulder of the head and shoulders then continue on its way up. I will be entering on the pull back after price moves up after re-entering the purple support.
EURUSD, 4hr tf, three white soldiers for further upsideHello my friends,
I found a very interesting setup for EURUSD.
The recent 4hr candles formed three white soldiers pattern which is a bullish pattern.
I think we might see EURUSD continue upwards in the coming days.
Right now price retracing a bit and it will be a good opportunity to enter buy.
Buy EURUSD 1.2200
Stop loss 1.2150
Take profit 1.2300 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck
EurUsd bullish pushup - Looking at the daily, price has been bouncing off the weekly support at 1.07748 and ranging within a 250pip area
- this range with slight downward pressure formed a triple bottom, inside the last bottom a smaller triple bottom was formed that helped push price up
- then going down to the 4 hour chart a bullish divergence seems to be forming but need to wait on a 2nd candle which would not be lower than this previous
4 hour candle. Once that is formed i will make an entry with an SL right below the previous higher-low-candle..No entry before divergence is confirmed.
- 1st target will be 1.10315, 2nd target will be 1.11349
EURUSD fakes out off 4-hour level, showing momentum to push high1. Price made a dip below the 1.077 level and quickly recovered above it. It trapped a lot of traders who treated this as a sell off and closed up above this level.
2. This second label is actually the second pull back. The initial pullback did not have a significant level. My entry proposal is based on this second pull back for a couple of reasons.
i) Faster and slower moving averages have converged. We're seeing shorter term price acceleration with with the EMA-20 threatening to cross above the EMA-60.
ii) Selling pressure has significantly weakened. If this current 1.0815 level holds up, we could potential see quite a push higher.