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FUTURE BULLISH - EUR/USD -Head and shoulders pattern explanation
Hello TRADERS :
/Short time is a bearish
/Long time is a bullish
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___ Theoretical information:
-A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
-By probability the size on the head will be equal to the size of the green line, the same as the red line.
-Is expected the price to reach the red horizontal line before it eventualy move up.
-In the future we may have a bullish formation, let´s wait for that
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-@pgforextrading
EUR/USD: Short Signal 23:43:01 (UTC) Mon Jan 6, 2020With this trade setup, we're looking to take advantage of market structure. A confluence adding an additional detail of confluence is the key institutional level of 1l12. The right should (15m was valid), and no we see a nice shooting star 15m pattern before getting choppy. At the moment 1.12 is holding as resistance. We will be looking for a retracement extension shown in the green shownside target which is the 1.27. 4-hr doji, hanging man, and bearish entities are reasons why I am confident in thus short sell to 1.1 Trade at break even. WIll continue to hil dthis trade short into the week.
Trade posted in channel.
23:43:01 (UTC)
Mon Jan 6, 2020
*This is not financial advice. Forex carries a high level of risk not suitable for all investors.*
EUR/USD Short Setup 20:30:40 (UTC) Sun Jan 5, 2020With an entire year of liquidity ahead of us we can finally remain back to normal. However with the increase in unexpected geopolitical risk, we've seen metals, oil , and a general risk-off sentiment seen by the market. We can now trade with the expectation of normal liquidity as major smart money and institutions are back online.\Make sure stop loss are in place (double check) as the chances of trump tanking or shooting up the market is high. The threats for the wrong are nothing to be unaware of especially with capital that is related to safe havens.There was a quote Sharp so off that was seen at the exact level of resistance posted last week here on this page. We now have seen a 4-hr morning store, rejecting the back of this trend line. My bias is short, and my downside target is 1.1
Last friday we couldn't enter a trade because it continued to push, however the retracement has begun. I am now looking for short entries for the euro .I think we will push up to the price shown where I will enter short to 1.1
20:30:40 ( UTC )
Sun Jan 5, 2020
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
*This is not financial advice.
Forex carries a high level of risk not suitable for all investors.*
EUR/GBP 23:15:41 (UTC) Wed Jan 1, 2020Looking for the 3-rd push to the descending trendline. For this pair, it's actually surprising that it didn't make it to the trendline and actually decreased as a nice monthly doji has formed from 0.83000 enclosed just under 0.8500. We've been seeing pound strength as expected and as we've called out the last three days .I'm looking at taking this trade long when it hits the 61.8%. Entreis will depend on the way the the pattern plays out. The time frame is 4hours.
23:15:41 (UTC)
Wed Jan 1, 2020
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1175.
TP4: R2=1.12.
Set the stoploss of these orders at breakout of S2=1.1115.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1115.
In this situation, there is an expectation to reach the target S3=1.105.
Set the stoploss of reverse orders at breakout of S1=1.1125.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EU: Daily long setupAfter waking up to about 30 requests for the Euro , here's the TA. We started the week neutral with the bias set because of the amount of confulneces on each side. Fundamentals sinc ethe markets opened have shown a bullish bush from that price, however the market still is yet to remain to display apparent and straight forward price action. Trading the Euro right now is tuff until we can get a lower price for an entry.
EU: Daily neutral setupNo trade for the Euro yet this week (yet), as we continue to deal with illiquid markets that are not allowing any opportunities to be taken advantage of yet this week so far. I'm ideally bullish for the Euro based on a technical perspective, but the fundamentals are why I am neutral until we get a decifson of price action for the Euro this week. Hopefully it will be today or tomorrow. Weekly downside target is 1.09 if 1.1 is broken. Weekly upside target is open as I think there is a lot of upside to the Euro if 1.1 is rejected. I expected an entry soon.
EUR/USD Price Action Analysis | A Possible Trend ReversalEuro is finally showing a proper strength against Dollar. It broke out the Trading Range with a strong momentum and a decent volume. The retracement should visit the Demand OB first and then, the upward movement to the Supply OB shall continue.
Entry: 1.106
SL: 1.098
TP-1: 1.118
TP-2: 1.124
R/R: 2.25
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
EUR/USD Price Action Analysis | The Right OpportunityEuro got back in the Trading Range against Dollar. A consolidation just above the Lower Range and then a touch to the Supply OB might cause the next downtrend. Until then, shorting seems as much risky as longing. Waiting for the right opportunity.
Entry: 1.0990
SL: 1.1031
TP-1: 1.0927
TP-2: 1.0876
R/R: 2.78
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup. You can also follow me from,
The ideas published here are not financial advices.
LONG entry buy on EURO/USD volume surgeEDIT: GRRR.. dunno why charting is coming up all messed up in publication:
^ chart above -- volume surge / RSI confirms bullish parabolic analysis.
Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be a considerable amount of time before the profits roll in ...though when they do that $ROI will be very very substantial and your patience will most certainly be rewarded.
Also pairs well against other currencies including JPY.
Trade SAFELY!
- @a1mTarabichi
tp1: 50.64
tp2: 51.37
STOP @ 49.30
DISCLAIMER
NOT FINANCIAL ADVISE