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Eurusdforcast

daily analyseI've spotted this bullish bat pattern on the 30M which tells me that the euro is preparing to rebounce after this correction down and I think the blue line up there will be broken. Looking to the potential of this pattern I can say that there is space here for the price to move but I should not enter a trade now if you look to go long or short. On the Daily timeframe I see a clear confirmation for the euro to just continue going up. Although there was a bearish shark on the 4H that I spotted already last friday. Sharks may be nice patterns they do not come out as often as other patterns. This shark I saw had also a very weak risk / reward and is just reflecting the actual correction of today before the next rise. This is just a very normal series of reactions in the market after a nice push up while on the other side the euro is going down since months many traders are thinking this is going on forever but this is wrong. Today and maybe also tomorrow we will see some strange movements or also probably even overall undecision. But after the bear effect is over this pair will just reverse and at least hit the blue line which is the 1st resistance level we can look at. If the price stays below this line we can consider this as bearish but if the price is holding above it is confirmation of the bullish movement.
by Manu76
EURUSD Triangle Breakout and Additional Short OpportunityPair / Instrument:EURUSD Fundamentals: Better than expected US Jobs and Earnings data. Mixed EUR Data. Weekly Chart: Bearish. The pair is below all main Moving Averages. Trading in the lower Bollinger Bands. Daily Chart: B earish. EURUSD ended the week below EMA 50, 100 and 200.RSI headed south, moving to negative territory. Testing the median line – SMA 20 – of the Bollinger Bands. H4 Chart: Bearish The pair ended the week above EMA 50, SMA 100 and SMA 200. RSI headed south and moved into the bearish territory. Hourly Chart: Bearish Intraday Key Levels: Upside: 1.16000 1.16250 1.16570 1.16800 Downside: 1.15300 1.15050 1.14430 Chart Patterns: We see a triangle pattern on the H4 Chart. 1.15300 is the baseline of the triangle. Break below the baseline will trigger the bearish move. If the pair fails to break below 1.15300, it is likely to test the upper line of the triangle. Our Comments: 1.15300 is the key level. Midterm bearish pressure will remain as long as the pair holds below 17200.EURUSD needs to make convincing daily closings above 1.17200 to talk about a midterm trend reversal. Trade Opportunities: Our last trade was “short” targeting 1.15300. Trade generated 70 pips so far. We will update it for the members according to the reaction of the pair at the target.
Short
by chartreader_pro
2
[EURUSD][UPDATE] Few candles before riding the BullThis is an update, I don't know if there is an easier way to make an update. anway... I am a bad guy, I went down on the retracement just for few pips. But wait for the retracement. **As my grand father used to say, "don't do what I do but do what I say" It is safer . The buy zone matches the fibo lvls (didnt know) but wait for the .5 to maxx the profits and manage the risk. leave the SL as it is for now until the plane takes off and move it to even then to + 10pips when it reaches 20 and so on. **Never forget your helmet when you take the right candle** **Enjoy trading ! it's thrilling" and **SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in !*** **I am trying to be as much precise that I can. ** **Use TradingView as a confirmation tool for your own strategy** **Please study hard before placing your money on Forex**
Long
by KinkoHyoTrading