EUR/USD SHORT SELL OPPOTUNITY NOW..
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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Eurusdidea
Bearish candlestick formation in the daily chart, price may dropDear traders, as a continuation of my previous idea, I am adding further relevant points
and updating the EUR/USD idea in view of the current developments in the market and also
adding a possible trade signal.
In the daily chart, you can see that bearish candlesticks have formed in the resistance level.
This is a strong indicator that price may drop further in the coming days.
If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart,
I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04
EUR/USD runs into overhead resistance, price may fall furtherEUR/USD is in a prolonged downtrend for quite sometime now. After reaching the multi-year
lows at 1.03 level, EUR/USD staged some pullback and managed to reach close to the 1.08 level.
However, the recovery seems to have run out of steam . A combination of technical and fundamental
factors may cause EUR/USD to tumble in the coming days.
The broken support level at 1.08 might turn into resistance. In addition to this, the 100-day EMA lies just
above it which might offer strong dynamic resistance. Furthermore, geopolitical disturbances and concerns
about global financial health will likely weigh on the Euro as the US Dollar is expected to stay strong.
The confluence of the above factors can mean that the circular area that I have highlighted in my chart
will likely be a strong resistance level.
Possible Signal
Sell EUR/USD between 1.08-1.09 with Stop loss about the resistance and TP at 1.0350
Eurusd shorts?Eurusd has once again, approached a very strong resistance level on the HTF.
A small, cute head and shoulders is supposedly forming on the LTF.
A break of the neckline should lead to more downside action....
If not The setup is invalidated...
Observe good risk management.
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EurUsd- Approaching local resistance (update)As I suspected, EurUsd has started to drop after reaching the very important resistance zone around 1.08.
After yesterday's low at 1.0628, the pair has started to correct higher and now is approaching 1.07 zone local resistance.
This can offer a good entry point for short term traders with negation above 1.0750 and a target at 1.06 support
EUR/USD SHORT SELL OPPOTUNITY NOW..
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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Eurusd shorts...Eurusd has approached a daily confluence zone of both a daily resistance level and the resistance of a downward channel, this inadvertently sets the stage for shorts....
A breakout of a LTF ascending trend line has occurred and a retest is already underway, this is a good risk to reward trade from my own view.
EurUsd to resume its downtrendIn the past 10 days or so, I said that EurUsd could correct towards 1.08 very important resistance and after the pair reached 1.0786 it started to drop.
At this moment EurUsd is trading at 1.0710 and as long as the 1.08 zone resistance is intact, sell rallies can be a good strategy.
The first target for bears can be 1.06, but, in the medium term, the pair can drop and retest the previous low.