In this analysis i've combined many strategies to predict a short on EURUSD. First of all, i've analysed the overall trending and we are currently on a downtrend but we've hit a strong support, so we'll see a bounce of the price. I've identified the most recent order block for the downtrend move, which means there are many sell limit orders in that area. I've used...
We broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050,...
So after a long downtrend on the 4 hour we can see that the trend has been broken and the price is retracing to the previous high, also the zone where the market has been broken. The perfect entry will be around 0.90000, and we are expecting a lot of confluence which will consist of EMA-200 support, RSI hitting the low level and the bottom of bollinger bands,...
The price reached the bottom of a downtrend, but since we can't really talk about a bottom of a downtrend, it will be a risky trade, because trend is our friend, right? and we should trade in the trend direction. So if we take a look at the RSI combined with the bollinger bands, we see that the price reached the low level on all timeframes. We will wait until the...
GBPCHF hit a 4 hour uptrend bottom before breaking down a consolidation area, we see that it is already reversing, heading for the resistance of the consolidation(tp1)..We can place a safe stoploss some pips below the 4h bottom that was formed, or a tight one below the 15m higher low that was formed. During the trade we secure profits on the marked areas, which...
