So, eur/usd has been quite a fool today, although profits were made, anyways, im assuming from the price hitting this top zone marked in my chart, u can see an untested candle just to the left on the hourly chart. Im expecting a drop from this high, placing a stop wherever your risk is comfortable above the resistance level, targeting all the way to the bottom...
As we see here, this pair has broken a major trend line. I usually keep my charts clean to be able to see these sorts of setups, but anyways, we can expect either a full drop to a major support level or a retracement to the broken trend line then a drop. My first profit target is graphed already, currently waiting to see the momentum of price. Use larger time...
From what i am seeing on the chart currently, this pair has hit a semi-major resistance, that being said im looking to short this pair w a scalping strategy. I am currently waiting for a break on the downside below the lowest consolidation level and when price retests said level that is a go ahead for me to enter the trade. If the trade happens to bounce on the...
According to my observations, it is evident that this pair is hitting a strong resistance point. That being said, i am waiting for the break of the lower level of consolidation zone. Once i see there is a break/ retest of said level, i will enter while placing a stop at the top of the consolidation zone. If prcice breaks the upper consolidation for a continued...
As far as this pair goes, i believe it is going to be dropping in price soon. According to my own analysis, price is hitting a strong resistance at 1.0860 - 900. That being said, im waiting for a confirmation on 5M and 1M charts respectively such as an inverted hammer. Once i see price can drop past 1.08670 and not push back up, it would indicate to me to enter....
My first idea LOL, I believe the pair will find enough strength for a buy since it is approaching/ touching a major support level of 1.08360 more or less. Currently waiting for price action at this level to see if it will break. If the price bounces, my target for a long order is at 1.08750. If price has enough selling power to fall below the support AND test the...