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Eurusdsetup

EUR/USD: bi-directional trading levels for the coming weekHi ! - I am neutral with EUR/USD at least until the ECB meeting, that means I am not expecting breakout out of the well established range at least during the coming week. - the current market conditions allow to trade both sides and all depends on patience to enter at the right prices of the range. comments? feedback? enlightenment? questions? different ideas? fell very free and welcome to voice yourself, you also can do that in private chat. summary: buy the dips, sell the blips. I trust the levels shared in the chart are trust worthy good luck !
by FlukeTrading
2
GoldCartel - Fiber weekly forecastSo far, it still inside the flag and a potential bullish continuation pattern. Currently, the ranges are inside the white support/resistance, an excellent range for day-trading. Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or until it reaches the daily major trendline. A breakout below the flag and the daily major trendline means a reversal, and a breakout above the flag means a trend continuation. Time will tell, but currently I remain bullish until the catalyst says the opposite. Catalyst: - ECB Main Refinancing Rate - ECB Monetary Policy Statement - ECB Press Conference - US PPI - US Unemployment claims - US Crude oil data - ECB President Lagarde Speaks - Eurogroup Meetings - US CPI
Long
by GoldCartel
2
EUR/USD Sell Setup for this week.After the NFP Dollar seems to gain a little buy moment and EUR/USD seems to slow down it's upward trend. Now it's looking to maybe change it's trend to sell. but for that we need a break of 1.1718 level. (or any level that is close to it) and we need a retest of this level as shown in the Chart. after the retest we need to sell sell momentum/price action or red candles to confirm that the trend has reversed to SELL. Take Profits: Next key level is 1.1486 So you can place your TPs between your entry and 1.1486 level. -- -- Got any other ideas regarding EUR/USD? Please consider commenting about it. 💭 A like would be really appreciated. 👍
Short
by GoldPlusTrading
1
EUR/USD and a POSSIBLE BUY#PreparationHey tradomaniacs, looking at EUR/USD I can see a possible long-scenario in order to continue the trend. Technicals: The previous fakeout by DXY caused a sell-off in EUR/USD which instantly stopped by the retest of the current two trendlines and key-support-zone. Currently we can see a Flat-Type-Correction which is very typical for the 4th-Wave of an entire Impulse. As you can see in the D1-Chart: The market is currently in an uptrend and kinda consolidated ahead the NFP`s. With the previous fakeout to the downside (SL-FISHING) and the retest of the trendline and the support we might see more BULLISH CONFLUENCE as buyers got liquidated during the NFP`s. The result has been a double-botton which is giving us another evidence for a move upwards. A 5th wave is very likely at least according to E.W. Fundamentals: The previous NFP-Data were overall bearish for DXY as the positive Figures were a confirmation for the current low monetary policy of the FED. The market will probably price in more liquidity for the market and so more inflation in the USA which will probably boost EUR as it has a weight of 57,5% in the US-DOLLAR-BASKET. IMPORTANT: The European Central Bank has its monetary policy meeting this week! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2
EURUSD | MY PERSPECTIVE FOR THE WEEKFollowing a whole lot of noise, the Euro rallied significantly during the course of the week, slicing into the 1.19000 Key level. It is a market that is grinding higher and appears not to be having stalling signs with the emerging set-up. With over 140pips profit in our direction since my last publication (see link below for reference purposes); As price respected our Harmonic structure - remember that I stated last week that we shall be observing how price reacts to my Key Level @ 1.19000 for a Bullish or Bearish consideration. Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand Observation: i. Bullish Trendline continues to pave way for price action as indecision grips the market in consolidation structure since the beginning of the month (August 2020) ii. The buying pressure and rally around the s Euro currency is gathered extra pace at the end of last week and is now lifting EUR/USD towards an anticipated fresh highs. iii. Breakout and Retest of 1.19000 zone suggest an affirmative rally continuation. iv. It is pertinent to state here that a Breakdown and Retest of our Bullish Trendline suggest an affirmative shift in direction as the Demand zone remains an area to break for the Bears to gain significant momentum. Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry