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Longeurusd

1/12/2020 EURUSD long ideaAnother Forex Trading Snack! The EUR has been trapped inside of a multi year wedge pattern ( indicated by the blue trend lines ) but once it broke out of this pattern it’s bias in my opinion is to the long side. Also recently the DXY index has formed a wedge like shorter term pattern and the exact inverse pattern of the DXY is the gray trend lines indicated on this chart. My idea is buying the dips. My red box is my buy zone as well the bottom of the box is my extreme stop placement. Should orders get filled I would expect the top of the gray pattern line as the first target zone, but secretly wanting a breakout to happen. As always all the best in your trading. A EURUSD landscape daily chart Always remember, Forex Trading is the hardest Easy money you’ll ever make!! Plan your trade, and trade your plan with your individual risk management.
Long
by PipsTradingClub
Really EASY setup for EURUSD. Cheap Mistake!Hi guys, This setup is perfect not because E/U direction is clear, but because it will be SUPER-EASY to realise that you are wrong and this mistake will be CHEAP. But why? E/U closed above 1.10 last Friday and frankly I was tempted to jump in after the breakdown and bet on momentum that will drive pair lower at least till 1.0950. There was some reasonable fundamental context for this trade (weekend close, December tariff uncertainty with Dollar acting a safe-heaven, etc.), but further price action revealed that I was wrong (Thanks God!) and I quickly closed the trade with small profit (Check my last trade bit.ly) And then ...BOOM! you know what has happened, many breakout traders were trapped and are now sitting with their shorts hoping for the pressure to resume. On 4H timeframe you can notice that the support area were largely not violated in the three previous attempts. Current support area is nearly crucial level of 1.10 where long-term trends may be initiated so this trade can be easily converted from short-term to long-term if further price evolution favours that. You may argue that support holding is relatively simple observation but remember that many successful trades have simple setups supporting them. There is no reason to complicate if we can propose simple model that (yeah, Occam's razor). Now turn to the logic of the trade. We have busy economic calendar next week with NFP and looming December 15 tariffs (possible inflection point) which are expected to be gradually clarified by the US-Sino officials. Therefore, the probability that the EU will finally CHOOSE trend is rising. It's good because we look for early entry points and we basically don't care about the trend direction but care about its onset instead. Combining this with the fact that the support remained intact (3 times) there is a reason to expect that E/U will start trending higher. I will bet on this. But if it won't be confirmed we will quickly realise our mistake and get out at SL during 4th, but this time TRUE breakout. TRADE SETUP Entry point: As early as possible after the Monday start, above 1.10. TP: 1.1090 - 1.11, but the trade can be converted to long-term, so I will let part of my profits run if conditions favour. SL: Hard SL at 1.0950. Your likes and questions are the best motivation for me (after money ;). Enjoy and Happy Trading!
Long
by PipVision
EURUSD - FOREX - 23. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Bearish price movement and pressure. 4 HOUR Explosive bearish price action broke below previous week lows and support zone. DAILY Expecting some bullish pressure now, long holders got taken out and price is slowing down now! - FOREX SETUP BUY EURUSD ENTRY @ 1.11900 SL @ 1.11590 (30 Pips) TP @ 1.12410 (50 Pips) RR: 1.70 Use 1% risk per Position! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
30
Bullish 3-Drive Pattern What is the Bullish 3-Drive Pattern? The Bullish 3-Drive Pattern (3-drives to a bottom) Rare pattern where price and time symmetry are key Should be easily identified, or “jump out” at you Formed by 3 consecutive symmetrical valleys Contains two connecting (intertwined) bullish ABCD patterns Also contains bullish butterfly pattern (completing at 3rd drive) Why is the Bullish 3-Drive Pattern important? include the U.S. Dollar (USD). Suggests market potentially at its most bearish—higher probability for market reversal Typically offers excellent risk/reward ratio Pattern failure suggest potentially strong bearish continuation move may be in progress #copied_content credits for content = forex(.)com
Long
by VivekPS