Here EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 .
Downtrend initiator: ...
EURUSD Currently the price is in resistance and for correction it will
move downwards to support @1.17900 - 1.17950 ...wait for price confirmation and GO LONG..
Take profit 1 @ 1.18800
Take profit 2 @ 1.19450
otherwise
it can go downwards upto @ 1.17250 and GO LONG ..
Take profit @ 1.18050.
The weekly right side is down against 1.4917. The daily is turning up against March lows at 1.0636. The 4 hour right side is up against 1.0757. The hourly right side is up against 1.1759. While above there the pair can continue higher toward 1.2200 in the cycle from the March lows.
BUY @ 1.1802-1.1780
TP: 1.1880
SL: 1.1750
Good luck !
Hello Traders, Hope you are all doing well. EURUSD has come to all time high since last month. So my potential trade for this week would be sell side with SL of 40 pips from current price. Good R:R 1:3.5
the 4 hour right side is down with a bearish sequence against 1.1557. The 1 hour is turning up against 1.1252. While above there expect the pair sees another high in the cycle from the March lows before a turn lower again.
Long EURUSD
@1.1300-1280
Target: 1.1420
SL: 1.1250
good luck !
The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again.
BUY EURUSD
@1.1290-70
Target- 1.1350
Sl: 1.1250
Good luck !
Two cases in case of EUR/USD
CASE 1: Since Accumulation on 4H and very strong support level at 1.12221, wait for the conformation on 4H, if the candle closes as a bull closing above the level of 1.12221 structure formed inverted head and shoulder as shown in picture on 4H time frame..since this is a structure based entry take a buy if the above conditions...
The 4-hour right side is down against 3/08/2020 peak (1.1497) & shows a bearish sequence. 1 hour is turning down against 1.1020 high. Near-term, while bounces fail below 1.1020 high expect pair to extend lower.
Short EURUSD
@1.0950-1.1000
TP 1- 1.0850
Tp2- 1.0720
Good luck !
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2568. The 4 hour right side is down with a bearish sequence against the 1.1497 highs from 3/9/20. The hourly right side is down with a bearish sequence against the 1.0992 highs. While below there expect further weakness.
Short term Signal
Sell...
We are now trading a lower tunnel inside this huge triangle.
last week we has ended with the price touching the resistance level .
- Hourly chart indicates a potential H&S set up
- RSI and MACD showing divergencies
Short next to this resistance level aiming to the right shoulder level and see how it reacts. This level is key to show if we are going lower or if...
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2568. The 4 hour right side is down with a bearish sequence against the 1.1497 highs from 3/9/20. The hourly right side is down with a bearish sequence against the 1.0993 highs. While below there expect further weakness.
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1148. While below there expect further weakness.
Short term signal
Sell EURUSD
@1.0940-55
Target: 1.0860
Stop...
