EURUSD - OUTLOOK
Monthly time frame
Price reached a key zone, this downtrend has been in place since Aug 08. On top of that, we have some signals supporting the relevance of this price level.
Price level:
Strong downtrend
Resistance level
Fibo retracement 0.618
Ema 100 - Working as resistance
For sure is a tough zone, the price has been rejected...
The price broke the "Flag" downwards. I am looking forward to opening a short position on 0.618 Fibonacci retracement level with the EMA 21 price level. This zone has been used as strong support zone in the past, and it is a resistance level.
It looks a really interesting zone to open a position with the current trend in the short term.
Please share your...
Hi Folks,
i would like to share with you this TA of EURUSD - Sell opportunity.
Entry point:1.14043
Stop Loss: 1.14144
Target:1.13753
Please let me know your thoughts
I am not a professional trader and I am trying to make my way. I follow some traders for a while and I am reading a lot, but still no confidence in my analysis.
I would appreciate it if someone can check what I saw and share comments.
Is this a valide bullish divergence
If so, i think, we can go untill 9200 EMA 21
Best regards and good trade to all!
