Price is holding up at the flipzone (resistance becomes support) even after high impact event yesterday (FOMC).
USD doesn't seem to get stronger like last week, meaning XXX/USD will become Bullish.
Potential long from current price with 40 pips Stop Loss.
Potential target 2x the risk (SL).
TAYOR and please trade wisely. Don't overtrade or blow your account too...
So as you can see we expect EURUSD to go long. We think it will go long because the markt is now in a strong daily demand zone. If you look at the chart you will see it is in an uptrend, the uptrend only created demand zones, It will go up to the grey area of supply.
For take profit levels and stoplos check our telegram group: t.me...
This is a simple yet effective strategy that offers great risk to reward ratios and a good strike rate.
The RSI is heavily oversold so I am looking for a buy signal and an inverted hammer has been completed. This is enough reason for me to enter the trade...
# RSI oversold so looking to buy
# Buy signal printed (inverted hammer)
I have bought at market price...
See chart. Please note this is the daily chart and market will retrace several times before hitting the level identified in the chart.
Please note that this chart is an opinion based chart only. Please trade at your own risk
EURUSD has reached the bottom at 1.1188 and fell into a range.
The range was broken above last week and the price fell into another minor range while sitting on to of the previous range.
On the last trading day, the range was broken once again and therefore we will most likely experience another short-term range.
As long as the price is seated on top of the range,...
This may be a trend reversal or just a retracement before market goes back down again because as we can see, market hit the resistance zone. You can buy in again either at the first Buy level identified on the chat, wait for it to reach the B leg or actually buy in at the top line of that support level drawn out OR you can decide to wait for market to go lower...
In my previous post, I supposed that 13 months long correction finished and new EWA cycle has started at EURUSD and today chart confirmed my idea again with unbelievable daily and weekly bullish candle, which confirm that we gonna go to bullish trend :)
Chart finished to develope 1 and 2 waves of new Intermediate cycle inside 1 wave of...
After the dollar has climbed for the past 3 weeks, the price has started to drop from a high since the beginning of this trading week.
EURUSD has managed to close above a 1-week range yesterday and that signals for the price to climb further with the dollar starting to drop.
Therefore, we can look for intraday buying opportunity should the price pulls back, which...