EURUSD 100 pips drop was expected Bear in the bull market
EURUSD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
—————-❇️——————-
Detailed analysis 💬
1️⃣ Slowing of bullish momentum
2️⃣ Equal lows around 1.16100
3️⃣ Risk on mode and broad weakness of USD
4️⃣ 1.19500 immediate resistance
5️⃣ 1.19150 Price got rejected thrice
6️⃣ 1.19000 level still holding the bull trend
7️⃣ Technical support - Bear
8️⃣ Fall back around POC-VOLUME-High volume area Lower trend line
9️⃣ October month high(1.18800) -Immediate support
🔟 Weak DXY=Upward pressure- 1.20000 level eyed
#️⃣ Overall bullish trend
—————-❇️——————-
📉 Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
50EMA acting as immediate support,200 EMA will act as resistance
Ichimoku cloud -cloud is still green-Price is above the cloud/Strong support for Bull, Middle line of the cloud=Dynamic support for bull
Bollinger band- Price reached around the upper side of the band, Fall towards lower side of the band around lower trend line was expected
Relative strength index - Reached 55- Around neutral area
MACD -Turned about to turn red and going to cross the signal line, oscillators about to make a cross over
Stochastic - Reached 75- overbought condition medium term fall back expected
—————-✳️——————-
Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19500 immediate resistance
1.19200 Possible entry- Bear
1.182450 Alternative bullish entry
—————-✳️——————-
Bearish entry #euro #EURUSD
Entry price - 1.19200
Take profit 01 - 1.18700 (50 pips)
Take profit 02 - 1.18250 (95 pips)
🚫 Stop lose 1.19550 (35 pips)
⬇️ 1.8% Drop expected
⤴️ Account growth 0.28 : .80
✅ Risk reward ratio 1 : 2.75
—————-⚜️——————-
Push the like button , And cheer up if you found useful
*********
⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
—————-❇️——————-
Detailed analysis 💬
1️⃣ Slowing of bullish momentum
2️⃣ Equal lows around 1.16100
3️⃣ Risk on mode and broad weakness of USD
4️⃣ 1.19500 immediate resistance
5️⃣ 1.19150 Price got rejected thrice
6️⃣ 1.19000 level still holding the bull trend
7️⃣ Technical support - Bear
8️⃣ Fall back around POC-VOLUME-High volume area Lower trend line
9️⃣ October month high(1.18800) -Immediate support
🔟 Weak DXY=Upward pressure- 1.20000 level eyed
#️⃣ Overall bullish trend
—————-❇️——————-
📉 Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
50EMA acting as immediate support,200 EMA will act as resistance
Ichimoku cloud -cloud is still green-Price is above the cloud/Strong support for Bull, Middle line of the cloud=Dynamic support for bull
Bollinger band- Price reached around the upper side of the band, Fall towards lower side of the band around lower trend line was expected
Relative strength index - Reached 55- Around neutral area
MACD -Turned about to turn red and going to cross the signal line, oscillators about to make a cross over
Stochastic - Reached 75- overbought condition medium term fall back expected
—————-✳️——————-
Key reversal area's
1.19000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19500 immediate resistance
1.19200 Possible entry- Bear
1.182450 Alternative bullish entry
—————-✳️——————-
Bearish entry #euro #EURUSD
Entry price - 1.19200
Take profit 01 - 1.18700 (50 pips)
Take profit 02 - 1.18250 (95 pips)
🚫 Stop lose 1.19550 (35 pips)
⬇️ 1.8% Drop expected
⤴️ Account growth 0.28 : .80
✅ Risk reward ratio 1 : 2.75
—————-⚜️——————-
Push the like button , And cheer up if you found useful
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