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EUR/USD Tests Key Pivot Points Amid Bearish TrendHello, FX:EURUSD has broken above the 1D resistance level and is now advancing towards the 1W pivot point (PP) for another test. If it successfully crosses and holds above this PP, further upward movement is likely, applying to both the 1W and 1M pivot points. However, it’s important to note that the pair remains in a strong bearish trend overall. Despite this, buyers have taken long positions, viewing the recent low as a potential turning point for an upward move. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURUSD Waiting for confirmation1. Time Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466 On the Daily chart also note FVG between 1.0422- 1.0480 3. Trend Confirmation: Price has break support at 1.0453 with massive net sell volume. Price has rise back to Daily & H4 FVG area. 4. Position: Entry: Waiting for confirmation Stop Loss : 1.0485 Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low) RRR : 1:xx ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
EURCHF Wave Analysis 20 December 2024 - EURCHF falling inside minor impulse wave 5 - Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 (standing well above the upper daily Bollinger Band), which has been reversing the price from the start of October. The downward reversal from the resistance level 0.9430 created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the overriding daily downtrend and the strongly bullish Swiss franc sentiment seen today, EURCHF currency pair can be expected to fall to the next support level 0.9250, low of the earlier minor correction b.
Short
by FxProGlobal
USDCHF Wave Analysis 20 December 2024 - USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF currency pair recently reversed down from the strong resistance zone located between the round resistance level 0.90000 (which has been reversing the pair from the idle of last year) and the upper weekly Bollinger Band. The resistance level 0.90000 was further strengthened by the 38.2% Fibonacci correction of the weekly downtrend from the end of 2022. Given the strong multiyear downtrend and the overbought weekly Stochastic, USDCHF currency pair can be expected to fall to the next support level 0.8860.
Short
by FxProGlobal
EURGBP Massive Short! SELL! My dear subscribers, This is my opinion on the EURGBP next move: The instrument tests an important psychological level 0.8308 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8277 My Stop Loss - 0.8325 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
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