Should price action for the EURUSD remain inside the 1.3610 to 1.3640 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3620 Take Profit Zone: 1.3910 – 1.3940 Stop Loss Level: 1.3500 Should price action for the EURUSD breakout above 1.3640 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.3910 – 1.3940 Stop...
Should price action for the EURUSD remain inside the 1.3790 to 1.3870 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ 1.3850 Take Profit Zone: 1.3250 – 1.3290 Stop Loss Level: 1.3960 Should price action for the EURUSD breakdown below 1.3790 the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.3250...
Should price action EURUSD remain inside the 1.3730 to 1.3780 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.3730 Take Profit Zone: 1.3910- 1.3950 Stop Loss Level: 1.3640 Should price action EURUSD breakout above 1.3780 the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.3910- 1.3950 Stop Loss Level: 1.3640...
The EURUSD has continued its rally as visible in this H4 chart and formed a rising wedge formation. This pair currently trades at the top of its range and the last five candlestick patterns formed either hammers or inverted hammers as the EURUSD tries to form a major top. Friday’s U.S. Non-Farm Payroll report should provide the spark for a major correction. MACD has formed a negative divergence while it spent the entire rally in bullish territory. RSI has traded from extreme overbought territory and formed a negative divergence as...
The EURUSD has rallied off strong support levels as visible in this D1 chart. The rally has now paused and has left this currency pair with a head-and-shoulders reversal pattern. We expect this currency pair to correct back down to its support level based more on Euro weakness as the Eurozone debt contagion starts to flare up again. MACD has confirmed the head-and-shoulders chart pattern and formed the same a head-and-shoulders pattern of its own. MACD has just completed a bullish centerline crossover which we believe is a false...
