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EU

EUR/USD is Expecting a Correction.Hey, I am back with another Technical analysis this time Looking at EUR/USD pair. EUR/USD has seen a very strong rise, from 1,17100 to to almost 1.12 in a week but haven't seen a correction yet. The daily chart is showing a Regular bearish divergence. And the 15 min chart is barely holding on the support level, Although I like the RSI which finding support at 40. How to play this? I am in short since 1.19501, you can also try to short somewhere at 1.19380, and TP at 1.18920 , risk reward 3:1 is very easily achievable here, hopefully with this information you can calculate the Stop loss yourself. And that's it from me, don't forget to like this idea if you agree that E/U is a short. Cheers, Tibor
Short
by TiborVrbovsky
2
EUR/USD - Another Long?Hey, I am back with another Forex idea, this time looking at EUR/USD pair. So my last Technical analysis was on EU again, on point, so don't forget to follow me in order not to miss out on such good opportunities, . And this time, I still don't see a reason to short EUR/USD as DXY is very weak, and EXY is pretty strong. Also there is no technical side of the chart, that is showing some bear signs, so once again, long EU. The preferred entry is 1.17100 - 1.17160 ( I am in since 1.17100) TP 1 1.17400 - 1.17450 (25 pips) TP 2 1.17640 - 1.17700 (48 pips) Good luck with your trading!
Long
by TiborVrbovsky
15M EU 50% RETRACEMENT ENTRYDue to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below. The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low. This 15m example demonstrates the placement of the Entry, Stop and initial target of this system. Setting the initial target at 1-2 (Risk to reward) allows me to become risk free in the most efficient way possible. Once the 1-2rr target is met I will close 50% of my position and move my stop loss to the entry line. This action will secure profits equal to the amount risked and allow the remaining 50% of the position to potentially continue to Target two at 1-4rr. Should Price return to stop out the position I will still have secured a 1-1 Risk to reward ratio.
Short
by Cryptsyxalt
Dax daily: 21 Jul 2020What we saw on Dax yesterday was a nice 'fakeout' example of the 12 882 S/R zone and a good example of the reactive activity below the key level and Thursday's fair price. Buyers stepped in to correct the early morning impulsive pressure an as expected, the price headed towards our target and almost hitting 13 119. Important zones Resistance: 13 235, 13 519 Support: 13 093 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Yesterday's mood on Dax and on the US indices was fairly positive. Not only there is a vision of clinical testing results of the Covid-19 vaccine, but market participants expected a progressive dialogue at the EU Economic Summit and finding a deal after many days of talks. EU finally reached a deal overnight as the member leaders found stimulus of 750 Billion Euro fiscal recovery fund and this comprises of grants and low-interest loans. After this news, Dax jumped higher to open with a big ascending gap, levelled between two S/R zones. We anticipate the positive mood continuation with the chance of pullback towards 13 093 as this corresponds with yesterday's high.
EUREX:FDAX1!
by FTMO