It has been observed that a bullish bat is emerging on the EURUSD Hourly chart.
Long entry can be initiated at 1.0649
Stop : 1.0632
Targets : 1.0673, 1.0689
Regards
It has been observed that a bearish bat pattern has formed on the EURUSD Hourly chart at an important resistance zone to further suggest a short.
Short Entry:1.0815
Target 1 : 1.0633
Target 2 : 1.0524
Stop :1.0883
Keep trailing stops as per your R:R
EURUSD chart looks very good for long setup.
It shows confluence of parameter of Divergence+trendline support.
Which is sufficient for me to take trade.
Always use SL: 1.03 and hold like investment.
First Idea here, so please trade at your own risk and do advice and suggest anything I can improve on :)
A long can be taken in EURUSD as the price has taken support at the short term trend line along with a buy indication at the stochastics.
Target 1: 1.07476
Target 2: 1.07738
Stop Loss: 1.07112
Symmetric Triangle on EURUSD and it may break either side.
Trade for Long:
Buy above - 1.05490
Target 1 - 1.05780
Target 2 - 1.06070
Stop loss - 1.05105
Trade for Short:
Short below - 1.05100
Target 1 - 1.04870
Target 2 - 1.04505
Stop loss - 1.5490
Fundamentally it probably make no sense to buy Euro but looking at divergence in ROC & price it looks like euro will move up from here the move can be very short term or long term i have no clue about it, but if we look in the past history data it gave really good calls.
With the FED Rate announcement just a day to go, EURUSD is approaching the sell zone. Although the move to the upside form now is really strong, we need consider that it is in a range and within the range, both the up and down legs are impulsive in nature and we cannot ignore the previous down leg and the larger trend on the chart. This gives us the most probable...
EURUSD after a month down trend and uncertainty over US presidential election outcome the pair has been remain under pressure and after Trump's win dollar getting strong. The pair has been forming a falling wedge pattern which is about complete and to turn, the pair may breakout upward, risky traders may go long in ERUUSD with a target of 1.08469 as first target...
