EURUSD consolidates recent gains around the five-week top, snapping a six-day uptrend, during a sluggish start to the week. The pair jumped to the highest since late July the previous day but reversed from the 1.1908-10 horizontal resistance. Also challenging the pair buyers was a confluence of 100-day and 200-day SMA around 1.1885-90. Given the RSI conditions,...
Looks like a bearish outcome in the period o Sep 6-10, 1.19000 area expected show a strong resistance against the bulls in the coming week
EURUSD SELL Double Top at downside trendline PRoper SL TP EURUSD @ 1.1798 SL 1.1832 TP 1.1700 Use proper risk management Move SL to BE when trade running 30 pips in profits
The Major pair EUR/USD has given breakdown days before and retested the level and now has came back for retest at the same level. Might see a fall from here upto the next support. 50EMA is also providing rejection and trendline as well. Lower Highs and Lower Lows formation showcases weakness.
Trade Action points 1. Wedge Potential Breakout in H4
I break her upside channel and retest it for downtrend.
It takes an support at trend line and it alredy in upside direction. So it is high probability trade.
Although risk-off mood probe EURUSD buyers, a clear break of the short-term falling wedge resistance keep them hopeful ahead of the ECB Minutes and Jackson Hole Symposium speeches. It’s worth noting that bullish MACD signals and firmer RSI adds strength to the upside momentum that initially aims 200-SMA level surrounding 1.1785–90. Following that, the mid-August...
It break her support line and retest it and started moving in downside direction.
EUR/USD break her resistance and channel which shows bullish trend too.
Hey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came...
There is a major demand zone in "ENTRY GREEN" and a perfect fibo retracement at that position which gives the high probability of bull run along the time :)
Dear traders, as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks... went up again in the area 1.19500-1.2 from where it went down again! as you can see on the chart for 1 week, I expect that in the next...
On weakly time frame head & shoulder pattern is breaking, Good Point of entry for short. The time Frame will be 1 week to hit the target.
The eurusd is the very very oversold condition. so, it makes wedge pattern and market touch support and Demand level with the risk and reward ratio of 1:3.8or 4 percentage
AS you see that EUR/USD break her previous support and retest it as resistance and for more confirmation it creates channel below that resistance and break her too. You can hold it till it touches the lower trend line.
EURUSD drops to the fresh low since November 2020 during early Thursday amid broad US dollar strength. While a clear downside break of the 1.1700 threshold keeps the pair sellers hopeful, a downward sloping trend line from mid-June joins the oversold RSI conditions to challenge the further losses around 1.1655. It’s worth noting that the pair’s refrain to bounce...
It takes a support from this year low of 31 march.