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EUR/USD to Complete the Monthly "W" formation Good Day traders !! On this pair we are currently looking at a monthly W pattern that needs to be completed by testing the neckline which is a strong area of support. Going down to the weekly timeframe we have just created a strong level of resistance and also we have a wick that needs to be filled which aligns perfectly with our idea of a Bearish Euro on the short term. On the daily timeframe we are sitting at a strong level of resistance which imply having an impulse to the downside in order to complete an impulse correction impulse pattern. On the 4H timeframe we want to see a market shift from a bullish to a bearish market in order to execute our entry and be looking for a nice 1/4 RR. Now if you enjoyed this analysis make sure to like and share. In the event you have a different opinion please leave a comment below. I also made sure to link the previous analysis of Eur/Usd on the comment area for further references. Safe trade !!
Short
by TheDayzen
5
EUR/USD longer-term short? heres my analysis on the major EUR/USD. you can become complacent and just do your analysis from week to week or when every you guys do it, but sometimes you have to look at a pair in a little more detail. this weekend ive looked at EUR/USD's price action in the past and the potential move that we could get. a lot of people would say this is ambitious, although if you've been keeping up to date with the news in the FX world, anything is possible. the video cut out just towards the end, which is a bummer, but the analysis is there! hope you guys have a good week Connor Falcon FX student
Short
by connorfx96
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.
Long
by FTUKcom
4
XRP At A Crossroad & The Devil Wants To Deal Needs to break above .52 to begin a new uptrend. Breaking below .485 could send us towards .45 then .40. I even can see a case for a retest at .33-.34 in a worst case scenario. However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region. Certainly there will be pull backs with volatile opportunities but in regards towards the macro trend I think the party is far from over. 2021 year of global change. Cash is trash. "They" said it not me.
COINBASE:XRPUSD
by MitchMilli
11
Dollar index stalls at the 92.2 levelNo directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
TVC:DXY
by FinancialGamblR
NZDUSD- push higher looks VERY promisingThere looks like there is a lot going on in this chart, ok so let me break it down for you. With correlation to my DXY weakness bias this pair is screaming for a move higher, technical are also on point. I took a long from the Breakout of the recent descending TL and bagged 5%, since then we have seen price push up higher however it is now very corrective and at a few places of interest. We are on a subjective support level (ascending trendline), also at the 50 fib retracement, a minor structure level in price as we can see this level held nicely on Thursday and Friday, we are also at the 50EMA and price is stalling. My plan is not to trade Mondays as I see to many false moves, however I will be looking for an entry tomorrow morning.
Long
by TheBearTrader1