Jump to content
Sign in to follow this  

Trade levels EURUSD only

Recommended Posts

EURUSD moved sideways in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the downside movement from 1.1815 could be expected to resume and a breakdown below 1.1215 support could trigger further downside movement towards 1.1100. On the upside, a breakout of 1.1500 would suggest that the downside movement had completed at 1.1215 already, then the pair would find next resistance level at around 1.1700.

Share this post


Link to post
7 hours ago, TrendFollower said:

@BRIGHTLIGHTFX,

Are you able to expand on why if the 1.15 resistance holds then the downside movement from 1.1815 could be expected to resume?

 

thats because of the market cycle

Share this post


Link to post

@BRIGHTLIGHTFX,

Please accept my apologies but that does not make sense. So if 1.15 resistance holds then the downside movement from 1.18 could be expected to resume because of the market cycle! 🤔

Are you able to expand on that with more specifics and detail so that is more meaningful?

Share this post


Link to post
20 hours ago, TrendFollower said:

@BRIGHTLIGHTFX,

Please accept my apologies but that does not make sense. So if 1.15 resistance holds then the downside movement from 1.18 could be expected to resume because of the market cycle! 🤔

Are you able to expand on that with more specifics and detail so that is more meaningful?

hi there, there are minor and major cycles in market so I analyse 4hr and higher time frames, what I mean is that when an important level holds there is a chances that the bigger cycle with resume or end.

Share this post


Link to post

EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the price to 1.1500 area. On the downside, a breakdown below the bottom support trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then next target would be at 1.1200 area.

Share this post


Link to post

EURUSD failed in its attempt to breakout of the upper line of the triangle pattern on the 4-hour chart and pulled back from 1.1418. Deeper decline towards the bottom support trend line of the pattern is possible in the coming days, a breakdown below this trend line would indicate that the downside movement from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1200 area. Near term resistance is at 1.1355, above this level could trigger another rise towards the top trend line.

Share this post


Link to post

EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line would indicate that the downtrend from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1100 area.

Share this post


Link to post

chart?q=CURRENCY:EURUSD&chst=vkc&tkr=1&c
EUR USD

The Euro is up against the US Dollar on Friday.

EUR / USD was up 0.29% and 2128 were up at 1.1411.

The pair was likely to find support at 1.1309, the Wednesday low; 1,1423 was determined as the highest resistance level of the day.

Edited by ertankutlu
  • Like 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      6,898
    • Total Posts
      32,534
    • Total Members
      42,420
    Newest Member
    ExoticBloodz
    Joined 19/06/19 00:53
  • Posts

    • @Foxy No you cant just trade anything, its licenced, i believe there are 61 pairs/markets that the program can trade in. Each Pair has a retail price of $3300inc but i never paid that, i got my initial 5 pairs for $5500. For my $15K i got another 20 pairs, this time including Gold, and a couple of Index's.
    • If one was unsure about investing in specific funds and trusts then they could consider constructing an ETF portfolio based on these technology themes. The potential is there for higher returns on specialist funds and trusts due to stock picking and capital allocation strategies. However, an ETF, will be a lower cost option but not necessarily a better performing one.
    • Now I have openly shared that I have invested in Bitcoin via XBT Provider One in the SEK (Swedish Krona) currency as I am not sure what the future for the Euro holds with Brexit uncertainty and what any hard Brexit implications may be for other EU Member States. However, you can invest in this in EUR currency too. The same applies for in Ether as well. It now offers ETN's for XRP and Litecoin.  There is also the Grayscale Bitcoin Investment Trust which is trading at a premium but if Bitcoin does well then this too could flourish for investors. This product is more for investing in Bitcoin rather than trading it. It presents a great way for an someone to gain exposure to Bitcoin in their portfolio without having to either physically acquire it and opening a Crypto Wallet, etc. or trading it. I believe nearly 3/4 of the demand from investors investing in this trust is from institutional investors including hedge funds based on the first quarter of 2019.
×
×