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Pullback

EURUSD before FED Today is due the most important type of news for the market - FED Interest Rate decision. We're expecting a 0.5% hike and that is most likely going to happen. What we need to find out is what follows after that. We actually think that those rumors have already affected price by pushing it higher prior to the news. It's very likely to see price dropping and leaving a wick below the previous low from 13th of May and then to begin climbing towards 1,05-1,06. We will then expect a continuation of the downtrend. This is the main scenario that we look at the moment. We don't currently have any trades and we're only looking to enter after the news, once all setups are confirmed.
by ForexTrendline
15
JICPT| EURUSD daily bullish setupHello everyone. First of all, I'm bearish on EURUSD from long-term perspective, but it doesn't mean we couldn't find good bullish setup for trading, especially when the pair rebounded from the low around 1.3 created in Dec of 2016. On the daily chart, EURUSD is on the uptrend as it took over the recent high as well as the downtrend line. Sellers' pressure came in at the whole number 1.8. What I'm expecting is pullback long opportunity as marked on the daily chart. The rally-base-rally demand zone( 1.0528-1.0567 ) is confluence with key fib retracement. I set alert for the revisit. If the pair goes as expected, it'll be a trade with a risk reward ratio at least above 5. What do you think? Give me a like if you're with me.
Long
by JICPT
RSI on APECoin pullback. 3.80% gain on its way.$APE is still in a downtrend and i wanted to post this before the trade finishes. In the image attached you'll see 3 RSI readings. RSI 1st candle = a MINUS of -1.43 RSI 2nd candle = a positive of +2.33 (This is the one i need) RSI 3rd candle = a second confirmed postive of +4.93 As noted with my RSI formula. An RSI of 2.33 = a 1 to 2.33 risk reward ratio. So i entered the trade with those limits. This will work even though i am betting AGAINST the main trend even though i can not find ANY divergences prior to the entry. I do however have FRACTALS setup on a 21 period and i got a notification of one (Bullish) So i started looking for the first confirmed RSI signal closing over 50 (or closing over ZERO in this case) After that, I need a second consecutive candle closing above 50 (or ZERO) as well. The second one is my entry. Then i take the value of the first closing RSI over 50 and use it in the formula. 2 for my scale is 53 on a regular scale. 52 = a 1 : 2 ratio below the 200ma and a 1 : 3 above the 200ma (so we have 1 :2) Now lets look at the left over numbers Here i move the decimal over ONE place and its So the total for my risk reward is ( 1 : 2.33 ) This would be the end of the pullback WITHOUT counting any momentum in the move. Usually 2 or 3 candles later youll have a candle closing EXACTLY at that height and the trend continues down.
by CoffeeshopCrypto
1
Aggressive buys on EURUSD Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend. This is also a chance to enter aggressively right now with stops below 1,0678. It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction. However, we're looking for a good risk to reward ratio with low risk. The targets will be at least 1,0860 and once the move begins we will be able to find out the specific levels as well. If you are more conservative trader, we recommend to skip this one and focus on something else to trade!
Long
by ForexTrendline
15