EURUSD ( UNDER BEARISH PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.089, indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.075, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.069 , if the price breaking turning level reach a resistance level by 1.089 , then stable by open 4h candle above this level reach a 1.095
TARGET LEVEL :
RESISTANCE LEVEL : 1.089 , 1.095
SUPPORT LEVEL : 1.075 , 1.069
Eurusdtendenciaalcista
EURUSD 1DOn the daily timeframe (1D), a short order flow emerged earlier this week. Currently, we are still in a long context from the perspective of the higher timeframe. However, the primary target for the movement is considered to be 1.072. After reaching this level, we may continue the movement as indicated on the chart. If the price solidly establishes below 1.072, the context will shift to a short one.
Update: EURUSD 24-01-18 Short Trade 1 Short Playbook 4H C.3Trade 1 Short Playbook 4H C.3
-I am in the trade short on a regulated broker (CMC Markets)
- Lot size is 0.01 lots until I am consistently profitable.
- My Entry prices are the same as below.
- I have a take profit in place but I will reduced risk if the market structure present with breaking new lows on the Lower Time Frame
- Grade of trade : c+
(with reading price action and with the current fundamentals news being more bullish than bearish plus it's a friday and they are usually lower probability trading days)
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
4. Price has shifted to the downside on the lower time frame
5. A valid entry model was formed
6. I placed A confirmation entry on the 15m Chart
7. I am waiting to reduce risk or place a take profit with a dynamic trend following risk management strategy
-If you read this far then I really appreciate your support and drive to become a better trader or analysis.
-If you would want me to include more info or a different asset class to trade please let me know. I Love analysing charts :)
-Please follow or like my stuff or don't lol.... just trade safely and include a stop loss with a MAX RISK OF 1%. You can't blow an account in a day if you trade with the well thought out risk structure.
EURUSD: ECB President Lagarde Speaks!The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central bank figures including ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell at the ECB Forum in Sintra has further fueled the currency pair's price increase.
EURUSD: Go long!
Break below support and approaching previous lows, there is a significant demand for rebound after a sharp pullback. If there is sufficient margin, I believe now is a good time to go long.
If you have any other trading-related questions, feel free to let me know in the comments and I will help you answer them.
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