I'm looking for this scalp due to a few reasons, dxy has formed a gap which we will continue to fill in my opinion. Although this is only a short term short since we are witnessing a beginning of a structure shift
EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support level...
The EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory. Several factors have contributed to the recent rebound in the US Dollar....
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.10700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10700 support and resistance area. Trade safe, Joe.
I'm going to be selling the Euro, I see a lot of momentum to the downside and this break of structure confirms that for me. I will post more details of this trade as I go.
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
after a long run in the last few weeks, EUR/JPY corrected smoothly and finally gave us to jump in some trades. if you watch closely the price has reached the daily OB and moved sharply upward, this kind of move has made a CHOCH indicating the overall correction on Daily OB has been ended and the price is likely heading upward. Our technical view has been shown in...
Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target: Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy...
EUR/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 0.95268 Why we like it: There is a pullback resistance...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout...
The Fiber (EUR/ISD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level. Pivot: 1.1109 1st Support: 1.1020 1st Resistance: 1.1195 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
EURUSD has been on a uprise for a while.. but it's time to SELL! Based on this powerful private trading indicator we are using, it is forecasting that the EURUSD will reverse and it is time to sell! We will be taking profit at next support level.
Short Setup on EUR/USD 💥 Checking out this juicy short setup on the EUR/USD 15m chart! 🎯 Short Entry: Below 1.1062 Stop Loss: Above 1.1073 Take Profit: Around 1.1052 Price is bouncing off the 200 SMA, and I’m looking for a drop to the previous support. Let’s see if the bears can take control! 🐻📉
September and we can expect some more action than during lazy summer trading. All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.
The EURUSD pair confirmed with last week's closing the start of a new bearish sequence as it closed the 1W candle in deep red below even the 1W MA200 (orange trend-line). This established not only the previous High as the top (Higher Highs trend-line) of the 11-month Channel Up but also posted an identical long-term Top sequence as the July 17 2023 weekly...
The EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout...
EUR/USD is falling towards the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level which is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support...
EUR/AUD has bounced off the pivot which acts as an overlap support and could rise to the 1st resistance which is a pullback resistance. Pivot: 1.62655 1st Support: 1.61578 1st Resistance: 1.64573 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...