EURUSD
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β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Rising channel breakout - H4
2οΈβ£ Retest was expected around 1.17500
3οΈβ£ Risk off mode and Rising of virus infection around the Europe
4οΈβ£ 1.18000 Key psychological resistance
5οΈβ£ Price came within the downtrend channel
6οΈβ£ False bullish breakout
7οΈβ£ Technical support - Bear
8οΈβ£ Price is under POC-VOLUME
9οΈβ£ September low-Immediate resistance
π Strong DXY- Upward pressure- Negative for Euro
#οΈβ£ Overall bearish trend
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π Technical bias-H4-Bearish
Below 50,100,200 Exponential moving average
100,200 acting as immediate resistance,Possible entry point-1.17500
Relative strength index - Around 30- oversold rebound expected
MACD -Still below the middle line, Red zone territory,Oscillators pointing downward
Stochastic - Reached below 25 level -Short term bullish trend
Ichimoku cloud -cloud is turned red-Cloud resistance
Bollinger band- Price is around lower band-Minor rebound expected
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Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.17000 immediate resistance
1.17650 Possible entry- Bear
βββββ-β³οΈββββββ-
Bearish entry #EURUSD
Entry price - 1.17650
Take profit 01 - 1.16810 (85 pips)
Take profit 02 - 1.16100 (155 pips)
Take profit 03 - 1.15100 (255 pips)
π« Stop lose 1.18150 (50 pips)
β¬οΈ 2.08% Drop expected
β€΄οΈ Account growth 0.43 : 2.08
β Risk reward ratio 1 : 4.5
βββββ-βοΈββββββ-
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*********
β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Rising channel breakout - H4
2οΈβ£ Retest was expected around 1.17500
3οΈβ£ Risk off mode and Rising of virus infection around the Europe
4οΈβ£ 1.18000 Key psychological resistance
5οΈβ£ Price came within the downtrend channel
6οΈβ£ False bullish breakout
7οΈβ£ Technical support - Bear
8οΈβ£ Price is under POC-VOLUME
9οΈβ£ September low-Immediate resistance
π Strong DXY- Upward pressure- Negative for Euro
#οΈβ£ Overall bearish trend
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Below 50,100,200 Exponential moving average
100,200 acting as immediate resistance,Possible entry point-1.17500
Relative strength index - Around 30- oversold rebound expected
MACD -Still below the middle line, Red zone territory,Oscillators pointing downward
Stochastic - Reached below 25 level -Short term bullish trend
Ichimoku cloud -cloud is turned red-Cloud resistance
Bollinger band- Price is around lower band-Minor rebound expected
βββββ-β³οΈββββββ-
Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.17000 immediate resistance
1.17650 Possible entry- Bear
βββββ-β³οΈββββββ-
Bearish entry #EURUSD
Entry price - 1.17650
Take profit 01 - 1.16810 (85 pips)
Take profit 02 - 1.16100 (155 pips)
Take profit 03 - 1.15100 (255 pips)
π« Stop lose 1.18150 (50 pips)
β¬οΈ 2.08% Drop expected
β€΄οΈ Account growth 0.43 : 2.08
β Risk reward ratio 1 : 4.5
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
Trade aktif
Trade aktif:
It has clearly reached our entry point and primary target was acheived