EURUSD: HARMONIC PATTERN IN PLAYHi to all,
EU broke its ascending wedge last week and now it is above a descending channel bottom line support. I think it will be supported from here till the broken structure resistance before a strong selling wave. I'll be wait 1.17 (the target of harmonic pattern) after short it from around 1.2040, if i see a sell signal in 1H period.
Good Luck to all!
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Eurusdsell
[EURUSD W1 Mar 2021]EURUSD
Short Setup
👉🏻 A short-term shift of bias to the downside on EURUSD, as a significant rejection just before the market closed on Friday after a whole week gains. My long-term bias still remains to the upside on this major pairing, as for the time being, looks like more corrective movement on the larger timeframe.
📈 This was plotted in early 2021 and noticed the rally off 2000 and 2020, monthly descending trendline has also been broken.
EUR/USD Multi-Timeframe analysis (04/03/2021)Hi Traders
EUR/USD Multi-Timeframe analysis (04/03/2021)
H1 Chart ( Neutral )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistance
N/A
H4 Chart ( Bearish )
A high probability, entry signal to go SHORT was given at 1.20717 after the market found resistance at 1.21137 . Only the upward break of 1.21137 would cancel the bearish scenario.
Support & Resistance
1.20225 1.21121
1.19910 1.21435
1.19196 1.21791
Daily Chart ( Neutral )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistance
1.20527 1.21887
1.19517 1.22421
1.18453 1.23485
Weekly Chart ( Neutral )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistance
N/A
EURUSD Level test for growth EURUSD Level test for growth
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EURUSD Possible Sell Setup1. A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle. ... The formation of this pattern has to be preceded by a bullish movement. Thats clearly what we see in this case.
2. A retest of both the broken trendline and the resistance zone.
3. With all these confluences the possibility is high that the market will drop.
Careful trading and have a wonderful day.
Do sure follow if this helps.
EurUsd- 1.2150 is strong ceilingAfter breaking the flag's trend line resistance, EurUsd lacked continuation and found strong resistance in 1.2150 zone.
At this point 1.2150 is a strong ceiling and, in my opinion, rallies above 1.21 should be sold.
My target for a new leg down is 1.1950 and only a daily close above 1.2150 would negate this bearish scenario
EURUSD Downtrend channel Downtrend channel (now at the upper boundary for correction to 1.18140
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EURUSD- Attempting a SELLOur updated chart for your eyes only (it's public so it's for everyone, but especially you who acres about our technical analysis ).
We have closed some Buy positions as the run might be coming to an end.
If it goes higher we would have to buy again to the previous resistance that we so nicely sold from
But most likely it is listening to our chart and will drop to 1.19825 where it might (probably) find support again.
EURUSD sell now,Good Luck traders!Hello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for SELL GOOD LUCK! Great SELL opportunity in EURUSD ..
I still did my best and this is the most likely count for me at the moment ..
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EURUSD sell from current level EURUSD sell from current level
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EURUSD Downside Play as Dollar Index Trends HigherSee Signposts for key price action details.
ECB does look to prevent the euro from appreciating
Price fails to push higher highs as downside pressure still present
My plan would involve making a flip if DXY signal changes or either support level shows further indication of holding