EURUSD - DAILY - NOW WE SELL Eurusd - daily chart - Waited patiently for this setup. now we start selling eurusd down to weekly demand 1.08-1.09
Eurusdsignals
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!
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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).
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Most recent EURUSD signal:
EURUSD Buy & Sell patternPattern: Channel Down on 1D.
Signal: Buy inside the Green Zone, Sell inside the Red Zone (in accordance to the Blue RSI Rectangle as well).
Target: 1.09300 and 1.0700 respectively
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Recent EURUSD signal:
EURUSD Sell SignalPattern: Testing the 1D MA200 within the long term Channel Down.
Signal: Bearish as long as the 1D MA200 doesn't break.
Target: 1.0700.
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Most recent EURUSD signal:
EURUSD Trading planPattern: Channel Down on 4H.
Signal: Bearish as the price is close to the Lower High trend line of the pattern. The trend is bearish as long as the 4H MA50 is intact. If crossed, expect a test of the 4H MA200.
Target: 1.08050 (the inner Lower Low trend line).
My long term view and target on EURUSD:
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EURUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price is testing the 1D MA50, which has previously been a rejection point.
Target: 1.07150.
* This is a continuation of our previous Sell Signal which has already hit its first (1.08350) target:
EURUSD Sell SignalPattern: Multi year Channel Down
Signal: Bearish as the price is on the 2nd straight red 1D candle, having been rejected within the Lower High (Sell Zone) of the Channel Down.
Target: 1.0835 (0.618 Fibonacci retracement) and 1.07150 (just above the Buy Zone).
EURUSD Action planPattern: Channel Down on monthly since June 2018.
Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month).
Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).
EURUSD Break out SignalPattern: Rectangle on 4H within the 0.382 and 0.618 Fibonacci levels.
Signal: (a) Bullish if the 4H MA50 (blue) breaks, (b) Bearish if the 4H MA200 (orange) breaks.
Target: (a) 1.14000 (the 0.786 Fibonacci retracement level, (b) 1.08000 (just above the the 1D Support).
EURUSD Sell SignalPattern: Parabolic rise on 4H.
Signal: Bearish as the rejection was made exactly on the 0.5 Fibonacci retracement of the 1.1240 Top (Dec 31) and just above the 4H MA200.
Target: 1.09200 and 1.09000 (the 0.382 and 0.5 Fibonacci retracement respectively of the parabolic move).
Previous successful Buy Signal:
EURUSD Buy SignalPattern: Channel Down on 1M.
Signal: Bullish as the price is testing the Lower Low zone of the pattern.
Target: 1.09350.
Recent signal:
EURUSD Buy SignalPattern: 4H Channel Down.
Signal: Bullish as the pattern is testing the Lower Low trend line.
Target: 1.10300 (right on the 4H MA50).
*note: invalidation of pattern if 1.0940 breaks. In that case short to 1.08880.
Recent signal on EURUSD:
EURUSD Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as the pattern broke below the former Higher Low trend line made a Death Cross and the 4H MA50 rejected the last spike.
Target: 1.10400 and 1.1000 in extension.
EURUSD Sell SignalPattern: Channel Up on 1D.
Signal: Bearish as the RSI failed to break its multi month Resistance Zone and the pattern forming resembles the late June 2019 top.
Target: 1.09000 (just above the 1W Support).
EURUSD Head and Shoulders Sell SignalPattern: 1H Head and Shoulders.
Signal: Bearish as the price is testing the neckline's Resistance with pressure from the 1H MA50.
Target: 1.11055 (potential contact with the MA200) and 1.10750 (1H Support).
EURUSD New update on the Sell SignalI am doing an update on the previous EURUSD sell signal slightly moving my Target higher at 1.08300.
So far both the long term (1D chart) and short term (4H chart) indicators and patterns have provided accurate entries as seen by the following ideas:
At the moment the new Channel Down is on the consolidation phase around the 1D MA50 (blue line as seen on the chart). The Lower High on the 1W Channel Down is in, so technically the price should decline towards a new Lower Low.
Based on the relative % drop from the Lower Highs, the next Low is estimated at 1.08300.
EURUSD Quick update on the Sell SignalMy outlook on EURUSD hasn't changed, still selling with Target: 1.08000 as posted on this idea a month ago, which is so far working remarkably well:
I just thought it would be useful to make a quick update on the 4H chart on a possible scenario towards 1.08000.
Based on the last bearish leg following the 1.1410 Lower High in June, we are close to a temporary 4H bottom. A Death Cross marked the next Lower High last time and it may do the same this time around. A Channel Down should follow again all the way to a new Lower Low inside the 1M bearish trend.
Be advised that it is better to stay short if you took my October 18th sell call and not look to constantly trade within the channel unless you keep 1 good short position open and scalp the channel for smaller side profit.
EURUSD Sell Signal (long term)Pattern: Channel Down on 1M.
Signal: Bearish as the price has entered the Lower High divergence zone (if the current is also -0.40% lower from the March - June Lower High range).
Target: 1.0800 (even though the -4.65% extension can go as low as 1.0700).
NOTE: The same pattern has been followed in the past for successful trades as seen below.
