Printable View
happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is slow
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
EUR/USD's gains are limited.”
“Rising coronavirus cases in the old continent remain of concern, as doubts about returning to school creep in.
“The accumulation of positive news– outweighing the negatives – may eventually trigger a rally, yet the current hesitation implies that any adverse development could send it down.”
EUR/USD
H0 L0
S3 S2 S1 R1 R2 R3
1.1700 1.1742 1.1765 1.1830 1.1873 1.1896
price hafty k shuro main ak hi din main kafi oper ja rahi hae jo k pichly week main nichy gir gai thi .Gold ko ki phli mzahmt $1946 pr rahi is mazahmt ko cross krty hi Gold oper jana shuro ho gia jo k $1988 tk oper gia .Indicators k matabk is tim b maket ka tend oper ki janb hae RSI 84 py hae jo is bat ka imkan peda kr rahi hae k market aur oper jay gi . Market k trend ko deakhty hoy oerdr open krain aur lose sy bachny k laey Stop lose aur take profit lazmi lgain
The EUR/USD pair is trading around 1.1815, up 0.2% on a day but Tuesday's 4-hour chart is showing the pair is capped by two significant moving averages. Yohay Elam, an analyst at FXStreet, notes that initial support is seen at 1.1805.
“EUR/USD is capped below the 50 and 100 Simple Moving Averages after failing to rise above them. While momentum is waning, it remains to the downside. All in all, bears are in the lead.”
“Some support awaits at 1.1805, a cushion from last week. The next line is 1.1750, a support line from Friday, followed by 1.17, a double bottom from earlier in the month which is about to converge with the 200 SMA.”
“Resistance is at 1.1850, the weekly high, and also where the 50 SMA hits the price. Further above, 1.1915 was the initial peak in August, and it is followed by 1.1965, last week's high point.”
Trading is a great way to make money .but slow down it is not easy as u are thinking.it always takes time.u have to know that only few people succeed in it.in trading everything works sometimes and nothing works always .stop doing what is harming u from inside and your result will get better.it is mathematical certainty
Gold ki price hafty k shuro main ak hi din main kafi oper ja rahi hae jo k pichly week main nichy gir gai thi .Gold ko ki phli mzahmt $1946 pr rahi is mazahmt ko cross krty hi Gold oper jana shuro ho gia jo k $1988 tk oper gia .Indicators k matabk is tim b maket ka tend oper ki janb hae RSI 84 py hae jo is bat ka imkan peda kr rahi hae k market aur oper jay gi . Market k trend ko deakhty hoy oerdr open krain aur lose sy bachny k laey Stop lose aur take profit lazmi lgain .
Best Of Luck
Trading is a great way to make money .but slow down it is not easy as u are thinking.it always takes time.u have to know that only few people succeed in it.in trading everything works sometimes and nothing works always .stop doing what is harming u from inside and your result will get better.it is mathematical certainty
EUR/USD is retreating from a daily high of 1.1842, holding above the 1.1800 level. The pair is at risk of falling further as optimism tends to back the greenback during US hours, according to FXStreet’s Chief Analyst Valeria Bednarik.