EURUSD LONG 1 HR Chart#EURUSD #trading #forex
Hello to all watching my charts
EUR USD pair as shown yesterday is in the move up
Both of my channelsystems are Long (BLUE and PURPLE)
and at the moment the trend seems to be growing stronger
(Purple lines angel are steeper than Blue Lines angle)
But even if the strength will be weaken a little bit
it seems to be for me at the moment as a longer LONG turn has been
startet.
Good trades
If you want to support my charts and my work, please like them...
Renkotrade
Eurusdsetup
EURUSD SHORTaccording to the daily timeframe this trade is a downwards trend. However, as the trade entry is coming off a very abnormal S/R, there is a small chance the trade can go the opposite way!
does not fully comply with my trading plan but its a Monday so F*** it!
P.S We also got USD news at 1.45PM (UK time)..
EURUSD possible Trendchange to Long NEUTRAL for todayHello to all watching my charts.
I bring you here my EURUSD pair with 2
of my channels.
The longer time frame channel with blue lines
(similar as you know from yesterday short)
and the shorter time frame chhanel with purple lines.
So its easy to check the trend has little bit changed but we are still
something so to say short with 60 tp 40 percentage chance to a
Neutral or Long position as next.
Positive ( and thats the more 60 to 40% reason )
is that we do see higher highs and little bit higher lows
which indicates us normally a Long trade.
If i had included also a 20 units channel it has been long at the moment
but these short time channels often failed.
As my channels checked last 50 or last 100 units
we have to wait a little bit.
So if you had short positions is would close them.
Good trades
Renkotade
EURUSD: SELL set-up with GREAT Risk:Reward ratioLast week, we saw EURUSD rally a bit. In fact, it has actually broken through the 100D EMA and managed to stay above it. So, one might assume that the TREND in EURUSD has now reversed to BULLISH.
However, in the past few months, every single rally has been SOLD OFF. So, it would be too early to assume that EURUSD has reversed.
Hence, it would be wise to watch the PRICE ACTION carefully.
If we see the formation of BEARISH CANDLESTICK PATTERNS in lower time FRAME, Traders can look for SELL between 1.1335-1.1350 with SL above 1.1380. Tps can be set at 1.1250 and 1.1180 respectively.
eurusdas per previous chart lets see the set up from up close... its nice abc structure where first and second part r made from 5 subwaves marked with yellow, so im expecting last part also to be made from 5 subwaves and reach that red line where i guess correction will end. also divergence will occurre and marked with purple its gonna form a gartley structure.
want more of it?
EURUSD SHORT TECHNICAL ANALYSISThis is my idea on EUR/USD, please leave your opinion on my TA
We are currently in a down trend on EURUSD and have been for some time now, i have been long but closed my position and have now set up a short.
we are very close to a supply zone and bordering oversold on rsi, i will look for confirmation of downwards movement before entering a trade.
Channel Trading Part 2: SELL EURUSDDear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would advise traders to SELL at the TOP of the channel between 1.1305-1.1327 with SL above 1.1360.
TPs can be set at 1.1230 and 1.1080 respectively.
Apart from the channel, the 100D EMA can also act as a strong Resistance which gives us a pretty solid bearish bias once the price reaches our SELL ZONE.
EURUSD long term +450 pips potential - EQUIY.Dear traders,
So as you can see we expect EURUSD to go long. We think it will go long because the markt is now in a strong weekly buy zone. If you zoom in on the daily chart you can see we are now also in a strong buy institutional orderzone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a nicely “w formation”.
For take profit levels and stoplos check our telegram group: t.me
NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group:
What can you expect from us in the telegram group?
-A watchlist video. This will be uploaded every Monday in the morning.
-Trade setups. We only share high probability trade setups.
-At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group.
- Mini lessons about our strategy and mindset
Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me
So, we hope you will enjoy this whole idea and that we will grow together!
Team Equiy.
POTENTIAL BEARISH CONTINUATION TRADE ON EURUSDHi traders,
The EURUSD seems to be in wave (b) of Y of a potential double zigzag pattern.
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Price is currently retesting a key resistance that lined up with 61.8 FIb ratio, moving averages, and ascending trendline.
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Considering that prices have made a double top pattern and bearish rejection candles at the confluence level, the odds strongly favored a sell-off to the channel support @ 1.11037 area.
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We will wait for the breakout of the double top neckline to confirm the sell setup.
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Best of luck on the chart.
Veejahbee.
EURUSD BEARISH CONTINUATION TRADE SETUPHi Traders,
The EURUSD broke a key support level with a text-book five-wave impulse in "i" with an extended wave (5).
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A three-wave corrective chart pattern is expected after an impulse move, and the current retracement seems to be unfolding as a zigzag pattern which is most likely to terminate at the swing level that lined up with 38.2-50.0 Fib ratio and moving averages.
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We will wait for the price to reach our confluence level and complete the corrective wave then look for the breakout of the Counter Trend Line to confirm the sell entry.
.
Thanks for reading!
Veejahbee.
EURUSD - POTENTIAL LONG TERM BEARISH TRADE IDEAHi traders,
The EURUSD is retesting a broken ascending channel that lined up with 61.8 Fib ratio and moving averages.
.
This pair seems to have completed a three-wave correction that unfolds as a double zigzag pattern after a text-book five-wave impulse in wave (i) "red."
.
If this count is correct, the 5-3 wave cycle is almost complete, and a bearish reversal for the start of wave (iii) of 3 down can be anticipated.
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Considering that price has broken & retested the blue CTL, and we have bearish rejection candles on both daily & H4 chart, we have valid reasons to sell this pair.
.
What's your view on EURUSD? Let me know in the comment.
Safe Trading!
Veejahbee.
EURUSD Bearish Flag + 3 Possible SetupEURUSD is currently on a bearish flag and has 3 possible setups; 2 breaking the flag to the upside and 1breaking to the downside.
Setup #1 (Breaking to the upside):
- When the market price breaks to the upside and has broken the 1.15000 level, you can enter the following order:
- But Stop @ 1.15100
- Stop Loss @ 1.48300
- Take Profit @ 1.16000
- Risk/Reward Ratio: 3.33
Setup #2 (Breaking to the upside):
- Make sure that the price breaks to the upside, and touches the 1.1500 level.
- Ensure that the 1.1500 level shows a strong resistance.
- Once the market price has gone down, you can enter the following sell trade:
- Entry Price @ 1.14775
- Stop Loss @ 1.15050
- Take Profit @ 1.13600
- Risk/Reward Ration: 3.08
Setup #3 (Breaking to the downside):
- When the market price breaks down to the downside, you can enter the following order:
- Entry Price @ 1.14475
- Stop Loss @ 1.14800
- Take Profit @ 1.13600
- Risk/Reward: 2.69000
Cheers!
Happy Trading!
EURUSD Buy Setup in playEURUSD the penetrated lower bound on recent price action with the initial legs of a forecasted expanded flat being invalidated. Now we should be looking for the termination of the current flag on successful break of 1.14500 and allow prices to rally north straight into the downward trendline connected from the yearly highs. Price action developments have been highly liquid thus building intense corrective action so trade safe and take care.