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Longeuro

EURUSD Bullish Trade SetupSL: 1.06500 ENTRY: 1.07626 TP: 1.0 After an initial bearish move price found support at the monthly demand zone and also respected the 1.05 quarter point & monthly trend line. This ultimately formed a higher low and a continuation of the overall bullish trend. Price then began a bullish move until it met resistance at a weekly supply zone and created a lower high. A huge sell-off followed until it met and found support at the monthly trendline, support at the 1.075 quarter point & support at a weekly demand zone. The sell-off also served as a retracement and price ultimately ended up respecting the 61.8 fib level. The weekly candlestick also appears to potentially close as a bullish hammer. I am expecting price to continue bullish and test the resistance of 1.0 major point/weekly supply zone.
Long
by NoCeilingsTrading
It's time 2 strike on DollarOn the daily chart of the EUR/USD , the completion of a bullish divergence is observed today. Euro has reached a 50% correction to the downward impulse on January 14-28, 2022 and the resistance level is around 1.1313. These and other factors of our trading strategy give a signal for the growth of the Euro. We believe that the first wave of this growth has come to the end, as evidenced by the signals of a bearish (double) divergence on H1 chart. It is too early to talk about the medium-term reversal of the pair's trend, however, already now we can assume the growth of the pair to the new local highs above 1.1500. Since the wave 1.11214-1.13298 is the first wave of the expected, at least a three-wave cycle, then the correction to it is assumed to be quite deep - at least 50%, and in the classical version of the wave cycle evolution - up to 61.8%. After the end of the correction, we expect growth to the levels of 1.1520-1.1540 (1.15382 - 200% Fibonacci extension from wave 1.11214-1.13298, 1.1520 – long-term level of support and resistance). To enter a trade at the end of the correction, it is necessary to monitor the situation at short timeframes (ideally, at M15). Also, there is a version for a deeper correction - up to 100%, with an approach and even, possibly, with a short-term puncture of the low of 1.11214. In this case, we will see a classic double bottom or a figure close to it. So, the targets of 1.1480-1.1490 will become even more obvious. How to trade. Waiting for the end of the correction to the impulse 1.11214-1.13298. Reference point - Fibonacci correction levels and signals of indicators on the M15 charts. Open long in EUR/USD with targets 1.1520-1.1540, stop-loss - at the level of the correction minimum or at 1.1120. A situation similar to the EUR/USD is emerging on the charts of the AUD/USD and NZD/USD.
Long
by ForbesRatingN1
EURNZD Long AnalysisTake a look below you will see the previous analysis of this pair. Originally price formed a double bottom. Price retraced to the neckline as expected. After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of). This area was near 61.8 fib level, which is where price respected and found support at this level, then began it's push up. Here is an image of the previous analysis, performed on March 27
Long
by NoCeilingsTrading
1
EURNZD Long AnalysisWeekly Price found support and has been consolidating after a long downtrend. The previous weekly candlestick was a large bullish candle, which showed there was a significant amount of bullish pressure. Daily Price appear to have found support and formed a double bottom, which is a bullish candlestick pattern. After the formation of the double bottom, I am expecting price to make a retracement to test the neckline. The neckline also corresponds with the 50.0-61.8 Fibonacci level Here is where I will be looking to enter a long position.
Long
by NoCeilingsTrading
EURGBP Long IdeaExpecting some bullish pressure of the EURO. Price made a bearish fall but ultimately respected the monthly trend line. Price then formed a double bottom (which is a bullish candlestick pattern) There was also bullish divergence confirming that price was ready to make a push to the upside. I am looking to enter a long positon, once price make a retracement and test the neckline of the double bottom, which also will fall between the 50.0 and 61.8 Fibonacci level.
Long
by NoCeilingsTrading
EURAUD Surge on the way !!the exotic pair traded in a side ways ranging market for a long period of time, last week we witnessed a breakout to the upside in which a bullish momentum is gained. a retest was made by the pair during the Asian session today!! and the critical level acted as a great support. a potential bounce can be seen from the current levels or from 1.6505 level. the stop loss to this trade is a 4 hours candle closing below 1.6400 level with a great risk to reward ratio, since we are waiting this pair to target 1.7000 as a first target
Long
by josephdahrieh
EURUSD LAloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction. Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month. Another entry could be in the works with this ascending wedge continuation squeeze. 4HR: hovered on the 50ema after a bull run with the greater trend showing a higher low. 1HR: broke out of descending wedge/channel and squeezed up and over the 50 ema to just hover like the 4hr. 15M: bull flag. descending wedge, pullback, all very similar phrases can describe what is happening here but in my honest opinion, they all point to the similar long bias with a probability of it making a deeper pullback for a loss.
Long
by Reid_Hicks
2