Selleurusd
SELL EURUSDEurope is losing the coronavirus battle again.
Spain, Portugal, France, etc. They have relapsed into high levels of infected people after having spent a very relaxed summer recovering.
A double-top channel has kept the price of the euro in continuous consolidation. It seems to me that on Monday it will fall again ... and then it will bounce again towards 1.20.
H1 BEARISH PATTERN; ASCENDING CHANNEL Price reached the 1.20000 terrain for the first time in 2years.
A break out of this channel is surely promised, time & price action are responsible for delivering this promise.
Albeit I remain neutral by trading within this channel.
Since price broke below the dynamic support within this channel, the bears are ought to guide price further downward to the 1.18000 region.
CRASH OF EURO. SELL EUR/USD At 1.125 - 1.13Euro regarding USD is going to parity and lower with the next wave of deflationary collapse of everything. Euro will be a strong regarding other currencies, but to dollar it is the same as oil. Euro simply is a good version of oil, but today on market: stocks, gold, silver, bitcoin, any type of assets and currencies regarding to USD are "Oil". Only USD will raise during deflation.
Kenji signals: sell EURUSDToday, the indicator "Kenji" on the daily EURUSD chart generated a sell signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of EURUSDis currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same time, current prices entered the sell zone, which led to the formation of a "sell" signal.
The long position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a sharp divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Eur shortGreen trendline mach on 4h timeframe, we see nice rising wedge on 1h. Blue trendlines shows us that big chanel on 1D timeframe,
I believe that most of those who follow EU know about what I'am talking. So about market at the moment we are on top of EU daily chanel and I believe that we are finally moving to top of the wedge, so I expect small break to top before going down, but my first goal now stands at 1.118 later possible downside to 1.113. Good luck, trade safe.