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.
Eurusdsetup
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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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
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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EURUSD, clear bullish setupClear setup for a possible long entry on #EURUSD.
Price is now making a bearish channel.
Impulse down/channel down (Wave pattern).
Point 5 is confirmed by the 100% Fibo retracement and a previous high impulse.
We have 2 possible orders.
Entry point 1.10186
Intraday:
SL 1.099
TP 1.0480
Multiday:
SL 1.0979
TP 1.1155 (point 4)
EURUSD To Extend Higher RapidlyEURUSD is sitting at an important confluence area comprising of support zone, 61.8% Fib, and broken daily trendline.
The pullback to this level can be easily labeled as a double zigzag in wave (ii) as you can see in the 30 minutes chart below.
Price is expected to resume the wave iii of (iii) of 3 rally from or near the current market price as long as the "current invalidation level" remains intact.
What's your thought on EURUSD? Let me know in the comment.'
Thanks for reading.
Veejahbee.