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Eurusdsignals

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
EURUSD | MY PERSPECTIVE FOR THE WEEKRisks continue to shift in favour of an overdue correction lower on this pair as the need to take a very critical approach to find accurate trading opportunity in the following week(s) becomes very necessary. The appearance of a harmonic pattern at this juncture suggest that we might be experiencing a Bullish run to test 1.19000 with my sincere intention of observing how the price will react at this level in anticipation of either a further decline or Breakout and retest for a rally. Tendency: Uptrend ( Bullish ) and Downtrend ( Bearish ) possibility Structure: Trendline | Supply & Demand | Harmonic (AB = CD) 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. Breakdown and Retest of 1.19000 zone suggest an affirmative shift in direction. iii. Price making a Harmonic move to test Demand zone (1.17500) could be a clue for a "quick" buying opportunity in anticipation of a decline in the nearest future. iv. ABCD parameters; a. Impulse A-to-B in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50.0% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. v. My perspective to this supports a Buy and Sell (depending on how price reacts if it gets to 1.19000 as I hope to see how European PMI will incite the market) opportunity on this one. Trading plan: BUY/SELL confirmation with a minimum potential profit of 300 pips (total). Risk/Reward: 1:3 Potential Duration: 1 to 5 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
EURUSD Buy SignalPattern: Channel Up on 1H. Signal: Buy as the pattern touched the Higher Low trend-line of the Channel Up. Target: 1.2050 (just below the +1.60% Higher High extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
Long
by TradingShot
3
EURUSD | WEEKLY PERSPECTIVEA Breakout of our Bullish Pennant incites uptrend tendencies. However, it is worthy to note the Key level @ 1.12550 - a Support level that appears to be significant within the Rectangle. Tendency: Uptrend ( Bullish ) Structure: Breakout | Pennant | Rectangle | Support & Resistance Observation: i. Since Price tested Support within the Rectangle at 1.1700 on the 19th of June, it has been on an uptrend and making a Breakout of Pennant on the 6th of July. ii. Our Key level was tested twice @ 1.12550 during the course of last week form a Double Bottom which also suggests the Buying power at this level. iii. Even though the Breakout of Pennant incites Uptrend continuation, we shall be patient during the following week(s) to see how price reacts to our Key level as a Breakdown might incite selling option to complete Channel (or a possible Breakdown of Channel). iv. A further Breakout of Resistance Level might be a little more precise for entry details. Trading plan: BUY confirmation with a minimum potential profit of 220 pips and a minimum of 100pips if otherwise. Risk/Reward: 1:3 Potential Duration: 4 to 10 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
EURUSD | WEEKLY FORECASTEUR/USD ends the week on a high and holds above 1.14 despite issues at the EU summit. Price moves roughly 85pips in our direction validating our bias (see link below) last week. In this regard, we might be expecting a correction in anticipation of a Bullish run in the coming week(s) as price breaks our Key level (1.13900) to form a Rising Wedge. Tendency: Uptrend ( Bullish ) Structure: Breakout | Wedge | Supply & Demand Observation: i. Breakout of 1.13900 level to form new Support signals a possible uptrend continuation. ii. Formation of a Rising Wedge above our Key level emphasizes tendencies for price doing a correction into Demand zone before the rally. iii. However, an immediate engulfing Breakout from Wedge might be the Bullish run we are looking for. Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward: 1:3 Potential Duration: 2 to 7 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
BITCOIN vs EURUSD parabolas for the ages"Bitcoin is ponzi scheme", "Can't you see it is parabolic and dangerous?", "The bubble will soon burst". These are only a few of the common phrases that Bitcoin (and crypto in general) skeptics use to add value to their claims that BTCUSD will not last. Especially its parabolic nature. Well what if I tell you that the world's most popular financial asset (EURUSD) in the world's biggest market (Forex) has also been parabolic for decades? I will not go into much detail on this short (and different than usual) study as the charts are quite self-explanatory. It is a simple illustrative comparison between BTCUSD's 10 year parabola and EURUSD's 50 year parabola. I believe that the similarities on the basic structure are obvious. Naturally EURUSD's is on the 1M chart as its is a pair (with ECU used before 1999 and a basket of major European currencies for calculations) long established in the market while BTCUSD's had to be on the 1W chart as it is a much 'younger' pair but its digital nature allowed it to grow on a much faster pace. So in conclusion I will ask you this: Do you still think BTCUSD parabolic structure makes it a Ponzi Scheme and a Bubble? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
BNC:BLX
by TradingShot
65
EURUSD Sell SignalPattern: Channel Down on 1D. Signal: Bearish as the price entered the Sell Zone (red rectangle) of the pattern and is still below the 1D MA200 (hasn't been crossed since March 30). Also the RSI is on its 2 month Resistance. Target: 1.08200 short-term (the Higher Low blue dotted trend-line) and 1.07000 medium-term (top of the Buy Zone of the pattern). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent EURUSD signal:
Short
by TradingShot