Eurusdbullish
be ready to go bulish on EUR/USD When It Hits The key Area 1.101its seems the the EUR/USD is gonna go bulish if it hits the key area 1.101 ( that shown in purple ) duo to high volume in that area and also strong support level as you can see, and acording to the Elliot Empolse theory it gonna go up ( impolse wave ) OANDA:EURUSD
please do not trade according to my ideas i am just sharing what i think :)
Outlook on EURUSD: Bullish play seenOn the H2 time frame, prices are showing bullish order flow, with the break of the recent high where we could see a deeper pullback into the daily leg before prices continue to the downside. A pullback to the support zone at 1.10000, in line with the ascending trend line, 61.8% Fibonacci retracement and 61.8% Fibonacci extension provides an opportunity to play the bounce up to our daily resistance target at 1.1288, in line with the 78.6% Fibonacci retracement.
EURUSD BUY TRADES TAKEN!I'm struggling to speak tonight ahah.. but just wanted to share my thoughts on EURUSD at the moment, we are starting to see price reject that support once again so I have taken long trades. I like to trade pretty aggressive so keeping stops nice and tight and moving them once in a few pips profit, this can stop you out at break even a few times but its where I find my best entry points.
BUY EUR/USDLooking at EUR/USD there are many possible triggers of an upward movement firstly :
The support at 1.21550 areas, which in turn has made ahead formation
4h relative strength index
HEAD and SHOULDER pattern about to form, with a new shoulder at the level of 1.21750 - 1.21880
The bullish trend
Support and Resistance
EURUSD BULLISH SHORTERM SCENARIOAs we can see eurusd was broke trendline before
and now he just reversal on lower timeframe makin impulse structure as well
and also we can see Bullish Flag on 15M was breakout
so we can waiting for confirmation (pullback) then we can execute
comment your perspective below !
EURUSD AnalysisOn the daily the market is currently above the 200 MA indicating its in a bullish market. You can see price recently mitigated the IC and straighter rocketed up, I'm 99% sure institutions are closing their sell positions(Which probably is the reason price broke outside the support and resistance zone). Before the move back within the two Support and resistance lines i believe price will drop back to the purple zone of demand to complete the right shoulder of the head and shoulders then continue on its way up. I will be entering on the pull back after price moves up after re-entering the purple support.