Following the choppy scenario in the last couple of weeks, the EURUSD was unable to find direction as it appears participants are waiting for a catalyst for a signal on where the price is heading. However, the current structure in the lower time frame reveals buying power at around the $0.99 zone. In this video, I shared my technical opinion on my expectation this week as I look forward to a decline in price if the price breaks down and retest the $0.99 area for the Euro.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Note
The week began with a bearish tone but because the price is still within the demand zone identified in the video I want to wait for signals to support this. A breakdown/retest of the $0.99 area might confirm selling opportunities, however, it is worthy to note that a bullish setup at this juncture could evolve into a massive move. I am waiting... Good morning
Trade active
Breakout/retest of $0.99350 is a signal worth taking advantage of at this juncture in the market.Trade active
Stop-loss moved to break evenGood morning
Trade closed manually
Break even; update coming soonTrade active
Breakdown retest of $0.99350 appears to be a bearish signalTrade active
Break-even as the price comes back to the entry zone. So I am looking forward to re-entry. However, if a significant breakout/retest of the $0.99350 happens then a bullish potential could be evolving.Good morning
Trade closed manually
After being stopped out. The appearance of a bullish after witnessing a breakout of the neckline at the $0.99250 area; Looking forward to a retracement (if the market will give me a second chance) before joining the rallyTrade active
The appearance of a double-top structure on the 1H time frame might be proposing a bearish signal. Hence looking forward to a breakdown/retest of the $0.99850 for confirmation.Good morning
Trade active
Moving my stoploss to break evenTrade closed manually
Stopped out at break-even as bullish momentum is established after an outright breakout of the $1.00100 zone and I missed this move! (I woke up late this morning). I am going to wait and see if the market will be presenting me with a second chance.Good morning
Trade active
A breakout of the significant psychology level at $1.0000 during the early hours of today is likely going to be a bullish signal hence let's be patient and see if we are going to be seeing buying opportunity at the retest of structure.
Trade smart. Trade consciously
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.