EURUSD where and when to buy UPDATESStill holding that long bias after another bit of a slow week last week, price like I expected pushed back into consolidation zone and made another rejection towards the end of the week. I want to see price clear the resistance area of 1.13500 and form a more obvious trend, but again early in the week ill be looking for a retracement from Fridays impulsive move up to continue in a better bullish structure. I will update if I enter positions.
Eurusdbuy
EURUSDHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/USD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank You..
SHORT and LONG on EUR/USDOn the weekly timeframe price formed a M or (double top) pattern and has been falling ever since.
Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there.
I am looking to capitalize either way.
Here are the plays I will be taking on this pair.
PAIR = EUR/USD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.14175
STOP LOSS = 1.13843 - 33 PIPS / $3.30 LOSS
TAKE PROFIT = 1.16794 - 261 PIPS / $26.10 GAIN
PAIR = EUR/USD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.21481
STOP LOSS = 1.14032 - 155 PIPS / $15.50 LOSS
TAKE PROFIT = 1.08125 435 PIPS / $43.50 GAIN
EURUSDYou can buy near the top of the misleading square. The stop loss is the lowest of the square. If the stop loss is hit, the sell trade is activated and the compensation target is clarified.
The market seems to be very uncertain and very risky ... I prefer to turn off my laptop and have fun ... Christmas is approaching and the volume of transactions is very low ... So up to my money I did not hurt, I had better close it in my laptop. What do you