Eurusdbuy
EURUSD, great so farHere is our trade in m15 that goes towards the target on 50% Fibonacci, and we consequently move to accompany the trade, that is, raising the Stop Profit and also the Take Profit.
Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback.
We moved the Take Profit to 61.8% to 1.1347
I left the MML H4 to see where the price could potentially bounce, you will decide whether to download some contracts, close the whole position as it was originally planned or if you will adopt any other strategy of your own.
I will stay in with all the contracts and try to carry on all positions up to at least 61.8%.
EUR/USDThe euro gave up its gains last week from the previous week. That being said, the market looks as if it is trying to form some type of base near the 1.13 level, and I anticipate that we will see more of the same as the market simply has nowhere to be. Keep in mind that this pair is trying to break out, so if we can get a daily close above the 1.14 level, that might be bullish enough to send this market looking towards the 1.15 handle, followed by the more important 1.16 level where we had broken down from. Below 1.12 opens up the door to 1.10 underneath.
EURUSD where and when to buy UPDATESStill holding that long bias after another bit of a slow week last week, price like I expected pushed back into consolidation zone and made another rejection towards the end of the week. I want to see price clear the resistance area of 1.13500 and form a more obvious trend, but again early in the week ill be looking for a retracement from Fridays impulsive move up to continue in a better bullish structure. I will update if I enter positions.
EURUSDHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/USD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank You..
SHORT and LONG on EUR/USDOn the weekly timeframe price formed a M or (double top) pattern and has been falling ever since.
Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there.
I am looking to capitalize either way.
Here are the plays I will be taking on this pair.
PAIR = EUR/USD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.14175
STOP LOSS = 1.13843 - 33 PIPS / $3.30 LOSS
TAKE PROFIT = 1.16794 - 261 PIPS / $26.10 GAIN
PAIR = EUR/USD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.21481
STOP LOSS = 1.14032 - 155 PIPS / $15.50 LOSS
TAKE PROFIT = 1.08125 435 PIPS / $43.50 GAIN