Swing Trading ideas - page 36

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Maria Mahomedally
727
Maria Mahomedally  
Market starts in few hours, next week is busy with regards to fundamental news.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD remains in the downtrend from 1.1622. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.1335 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.1300 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement had completed at 1.1335 already, then the pair would find next resistance level at around 1.1520.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD is facing 1.1335 support, a breakdown below this level could signal resumption of the downtrend from 1.1622, then next target would be at 1.1300 area. Near term resistance is at the bearish trend line on the 4-hour chart, only a clear break above the trend line resistance could bring the price back into 1.1520 zone.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD extended its downside movement from 1.1622 to as low as 1.1302. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1200 area. Only a clear break above the trend line resistance could signal completion of the downtrend.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD remains in the downtrend from 1.1622. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.1335 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.1300 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement had completed at 1.1335 already, then the pair would find next resistance level at around 1.1520.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD failed in its attempt to break below 1.1301 support. Another fall to test this level is still possible next week, and a breakdown could trigger further downside movement towards 1.1000. Near term resistance is at 1.1460, only a break of this level could bring the price back into 1.1550 zone.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD remains in the uptrend from 1.1302, the pullback from 1.1455 is likely consolidation for the uptrend. As long as 1.1350 support holds, the uptrend could be expected to resume and a break of 1.1455 resistance could trigger further upside movement towards 1.1500. On the downside, a breakdown below 1.1350 support would indicate that the upside move had completed at 1.1455 already, then another fall towards 1.1000 could be seen.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD failed to break below 1.1350 support, suggesting that the pair remains in the uptrend from 1.1302. Further rally to test 1.1455 resistance is possible, a breakout of this level could take the price to 1.1500 area. Support is at 1.1350, only a breakdown below this level could trigger another fall towards 1.1000.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1302. As long as the trend line support holds, the pullback from 1.1499 could be treated as consolidation for the uptrend and further rise to 1.1550 area is still possible after the consolidation. On the downside, a breakdown below the trend line support would suggest that the upside movement had completed at 1.1499 already, then the pair would find next support level at around 1.1340.
Maria Mahomedally
727
Maria Mahomedally  
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1302 had completed at 1.1499 already. Further decline could be expected after a minor consolidation and next target would be at 1.1302 support. Resistance is at 1.1400, only a breakout of this level could bring the price back towards 1.1550.
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