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What is next for EURO?So let' start... The EURO already reached a point of 1.2000 . This was our main point. My previous post was about a reversal after psychological level of 1.2000 and correction to 1.1890, but the minimum of correction was 1.1923 (33 pips left) What do we have now? The price was broke the level of 1.2000 potentially start to form a new impulse to the upside! To be honest with you - I still can think the price will pullback at least to the main zone of support for me 1.1900 (general area) . Next daily resistance level is 1.2200-1.2240
by Infinity_Limits_Trade
Our second support was reached!Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait for a pullback, and later on to go for a long. Need more time here to figure out some PA and as always keep you updated! So stay tuned!
by Infinity_Limits_Trade
Potentially LONG to 1.9200Let's have a look on USDCHF. I mentioned before that we are looking for some trend change after getting inverse H&S pattern and we go back to 1.9200. here you have According to our chart on 4H timeframe - we can notice that new impulse after false breakout was already formed. We just retested our main intraday resistance level at 0.9090. Potentially for me it is gonna be a huge move to the upside back to 1.9200. Hard to say how deep can we go from now, but my last point will be support area on 0.8990 - 0.8980.
Long
by Infinity_Limits_Trade
Will be new impulse ?Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main resistance 1.3470-1.3520 we gonna look for short. And then hope the price will reach out daily support zone at 1.3100. So let's check my forecast on GU.
by Infinity_Limits_Trade
Wait for the last impulse Hey traders, let's have a look on this currency pair. I mentioned on the weekends that it is gonna be perfect example of how the pullback can be created)) After getting double/triple formation we start to form new impulse to the upside, which was entry impulse for us! The MA50 was successfully broken so it is a straight signal for me the trend is gonna change.. at least I am waiting for one more impulse to the upside just to hit my TP and main resistance level inside of this range. Let's see how this will play out!
Long
by Infinity_Limits_Trade
GU indecision for now?Hello traders! Let's have a look on GU. As usual, I started my analysis on 4H timeframe. What did I noticed here? We got clear uptrend to the upside which means we are looking ONLY orders for BUY. Resistance on 1.3280 - 1.3300 was successfully broken and retested 3-4 times! I also see that we got 2 wicks rejections from our level which means that this level is in control by bulls! When we stepping down on the lower timeframe 1H we can see that trend reversal starts to form (potentially forming a picture with LH,LL) So for me it is more like the trend is changed and to be honest with you - I would like to see the price hit 1.3100 level! Let's see how this will play out!
Short
by Infinity_Limits_Trade
Are you ready for the move of 150 pips?Quick update about USDCHF. Early on I was telling you about my focus on 1.9200, which you can clearly see on the chart right now. On 4H timeframe we broke our support region and start to retest that level. I am not looking for short for now, but bigger picture is telling me that the trend to the upside is very likely! So when/if we get the Inverse H&S pattern I will look for a LONG position with huge RRR. Are you with me to catch that huge move 150 pips? Let me know below!
Long
by Infinity_Limits_Trade
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