FX:EURUSD Price Should Move up without braking of Invalidation Level in form of 1,2,3,4,5 waves in blue degree. As you can see wave ((i)) has been finish and currently we are in correction of wave ((ii)) As long as price is above invalidation level you will see further rise in the price in form of wave ((iii)).
Looking at EUR/USD we can see that the long term structure is bullish we have been making higher highs but have stopped on weekly timeframe we. are looking very bullish but on other timeframes we can see that we are bearish I still think this a deeper pullback so maybe we could see some sort of pullback into the 1.18500 region before going up If we do break...
EU on Weekly time frame has Ended it's correction part so i'm expecting price to go up till near resistance.
EU is on daily's support level so i just go to lower time frame and wait for market structure to break. at the break of market structure i tried to enter on it.
Don't Miss the opportunity to buy
We can see a clear Trendline Breakdown + RSI Divergence. We can short below 1.22149 in 4H timeframe. Always wait for candle to close and never make mid-candle decisions.
Long @ 1.22030 Stop Loss @1.21780-1.21790 (40-50 points below) Target 1 @ 1.22480 (450 point above) Target 2 @ 1.23090 (960 points above) Target 3 @ 1.23160 (1130 points above)
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.
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: ...
At 1.1700,shows demand area, if rejects this area Expecting price to next supply zone at 1.800(100pip).
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