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Forecast and levels for EURO - page 17

46du114t1f
87
46du114t1f  
Monthly

In the monthly timeframe of EURUSD, there is a difference of space of 2 months between the last price that touch the resistance 1.2000 of the green line and the current price approaching the level. The distance of the current price and 1.2000 is less than 100 pips. In the weekly timeframe the difference of space is 9 weeks. So expect high volatility when the price touch 1.2000 for the first time after that period of time.

46du114t1f
87
46du114t1f  

If the market changes because of the revealed analysis, then observe by starting from the small timeframe like 15 minutes. Gradually, confirm the analysis to the bigger timeframe like 1 hour and so on even until 6 months. This is how to survive the market.

Sergey Golubev
Moderator
103805
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.11.26 12:42

EUR/USD - intra-day bullish breakout (based on the article)

Intra-day price on H4 chart is above 200 SMA in the bullish breakout: the price is testing resistance level at 1.1944 for the bullish trend to be continuing.


  • "Coming into last week we were looking for EUR/USD to possibly test, but not break, important bottom and top-side levels. On Tuesday, the euro came down very near the support-zone surrounding 11700 before launching higher. Friday’s rally did, however, see prices break on through resistance around the 11876-threshold (2010 low) which has been a big focal point since August. "
  • "Closing the day, week in the 11900s is important because it not only leaves the ‘head-and-shoulders’ pattern completely in the dust with a break above the ‘right shoulder’, but also opens up a path to the year-high at 12092. The area surrounding the 2010 low will once again go from resistance to a source of support. If the rally is to pick up steam, then we shouldn’t see a lasting move into the 11800s. Helping provide further support on any weakness is the tend-line off the month low, so even if a modest dip below unfolds there is trend support to help keep a bid in place."

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The chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
Moderator
103805
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.11.28 07:42

EUR/USD - daily breakout with the bullish reversal (based on the article)

Daily price broke Ichimoku cloud to above for the reversal of the price movement from the ranging bearish to the primary bullish market condition. The price is located above Ichimoku cloud in the bullish area of the chart for resistance level at 1.1960 to be broken for the bullish breakout to be continuing.


  • "EURUSD: Retail trader data shows 29.4% of traders are net-long with the ratio of traders short to long at 2.4 to 1. The number of traders net-long is 8.5% higher than yesterday and 8.7% lower from last week, while the number of traders net-short is 0.4% lower than yesterday and 4.2% higher from last week. "
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias."

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The chart was made on D1 timeframe with standard indicators of Metatrader 4 except the following indicators (free to download):


thegouldii
24
thegouldii  
"Daily price broke Ichimoku cloud to above for the reversal of the price movement from the ranging bearish to the primary bullish market condition. The price is located above Ichimoku cloud in the bullish area of the chart for resistance level at 1.1960 to be broken for the bullish breakout to be continuing."


So many words that say, well, nothing.......

- and by the way I just ran a profitable short :)
Sergey Golubev
Moderator
103805
Sergey Golubev  
thegouldii:
"Daily price broke Ichimoku cloud tpo above for the reversal of the price movement from the ranging bearish to the primary bullish market condition. The price is located above Ichimoku cloud in the bullish area of the chart forresistance level at 1.1960 to be broken for the bullish breakout to be continuing."


So many words that say, well, nothing.......

- and by the way I just ran a profitable short :)

This is the daily chart, and as you know - Ichimoku cloud (and Senkou Span lines which are the border of the cloud) are the virtual border between the primary bearish and the primary bullish trend on the chart: bullish is above the cloud and the bearish is below one, and ranging condition in case of the price is inside the cloud.
This is the classic theory which everybody knows (or should know) ...

If you opened short looking on daily chart so you are thinking about the correction of the price movement (because there is no any correctional trend on the daily chart and no any sell signal yet).

46du114t1f
87
46du114t1f  
46du114t1f:

.....

In the weekly timeframe the difference of space is 9 weeks.

.....

The EURUSD is heading to 1.2000 level that can be seen up into the weekly timeframe. In the lower timeframe like daily, let 2 to 5 daily candleticks to form a grouping, approximately in the range of 1.1950 and 1.1850.

Mohammad Soubra
34887
Mohammad Soubra  

for me I am using this strong support and resistant lines in EURUSD


46du114t1f
87
46du114t1f  

Since EURUSD is near to the strong resistance level in the Monthly timeframe, let see if a reversal or continuation will happen at least for the next one week.

Mohammad Soubra
34887
Mohammad Soubra  
46du114t1f:

Since EURUSD is near to the strong resistance level in the Monthly timeframe, let see if a reversal or continuation will happen at least for the next one week.

Actually, it is moving strong moves up and down without any strong news also!