EURUSDwhy im seeing this will explain in chart in comments below,
but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave.
for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere here will start much deep drop as 3th wave as dollar will grow. (showed in second comment)
if things aligned it will make Gartley pattern where point D is in perfect confluence zone on the white parallel which completes wave 2 but thats if things aligned, and as proven most often isnt that way, so it might make contracted flat and rushes down, but in that scenario regular stop loss for this scenario as is behind X line would be to big a :) so... take care this is not a short time set up, its more of a long term guide line.
Eurusdsetup
EURUSDHello traders!
It looks like a good setup for the upcoming week.
First of all, I'm expecting a move up to around 70 pips.
Second, I want to see how the price will react at that level and if it gives me some confirmation I will SHORT this pair for another at least 150 pips.
Impulse down / Correction / Impulse down (waiting)
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
EURUSD: Watch Price For Further DownsideHi Traders,
EU has formed a clear 5 wave structure in wave A, with wave 5 forming an ending diagonal. In the grand scheme of things, I'm looking for an ABC pattern to complete wave Z (as I believe that price is about to complete a triple three correction).
In the long run, I'm expecting that price will push towards 1.0300.
Regards
Wave Theorist
EURUSD trade idea with respect to MAJOR BEARISH trend lineCongrats on our massive previous sell more than 1000pips+ acheived in description below. So now EurUsd seen tested bottom trend-line after seeing our Reversal candles and reverse religiously back to the top trend-line,. So with all due respect to the major bearish trend-line. I think at this crucial breakouts or reversal we could be in for a good sell. However if broken we go up to 1.14000 parameters otherwise down to 1.09000 Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
EUR/USD BUY SETUPHey tradomaniacs,
do we see a nice chance to buy EUR/USD?
Technically a very nice chance to buy.
Fundamentally a tricky situation though the previous announcement of the FED could cause trouble for DXY.
Type: Swingtrade
Market Buy: 1,11855
Stop-Loss: 1,10850
Target 1: 1,12730
Target 2: 1,14135
Target 3: 1,14970
Stop-Loss: 100 pips
Risk: 1-2%
Risk-Reward: 3,2
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Peace and good trades
Irasor
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EUR/USD - heading for correctionComplete meltdown for the pair, banks took the price down without any sign of correction.
Now, COT data shows bearish EUR against the USD on the long term.
Their reaction due to recent fundamentals:
USD gained strength once again because of Trumps business conditions imposed to China.
- tweet on 18feb.
Chinese Economy suffering from virus related factors.
- tweet on 18feb.
What we expect now from a technical perspective is a small consolidation around 1.08 demand area following by an up move correction towards the 200 MA.
We will add longs, with the price target of 1.095.
On the longer term however, we expect EUR/USD to touch the bottom of the weekly downtrend channel, at price 1.055, if the USD continues to strengthen due to continuation of fundamental world factors.
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EURUSD in Resistance Area, Seems To Go Down ! (27th Feb)Price Seems To Make Correction in this Resistance Area of 1.0960. After A Bull Rejection, There might be Possible Higher Chances of Selling around 1.0980-1.0960 with the Destination of 1.0730.
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