EURUSD | Perspective for the new week | Follow-up details

Following the choppy scenario in the last couple of weeks, the EURUSD was unable to find direction as it appears participants are waiting for a catalyst for a signal on where the price is heading. However, the current structure in the lower time frame reveals buying power at around the $0.99 zone. In this video, I shared my technical opinion on my expectation this week as I look forward to a decline in price if the price breaks down and retest the $0.99 area for the Euro.

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Bình luận:

The week began with a bearish tone but because the price is still within the demand zone identified in the video I want to wait for signals to support this. A breakdown/retest of the $0.99 area might confirm selling opportunities, however, it is worthy to note that a bullish setup at this juncture could evolve into a massive move. I am waiting...

Good morning

Giao dịch đang hoạt động:

Breakout/retest of $0.99350 is a signal worth taking advantage of at this juncture in the market.

Giao dịch đang hoạt động:

Stop-loss moved to break even

Good morning

Giao dịch được đóng thủ công:

Break even; update coming soon

Giao dịch đang hoạt động:

Breakdown retest of $0.99350 appears to be a bearish signal

Giao dịch đang hoạt động:

Break-even as the price comes back to the entry zone. So I am looking forward to re-entry. However, if a significant breakout/retest of the $0.99350 happens then a bullish potential could be evolving.

Good morning

Giao dịch được đóng thủ công:

After being stopped out. The appearance of a bullish after witnessing a breakout of the neckline at the $0.99250 area; Looking forward to a retracement (if the market will give me a second chance) before joining the rally

Giao dịch đang hoạt động:

The appearance of a double-top structure on the 1H time frame might be proposing a bearish signal. Hence looking forward to a breakdown/retest of the $0.99850 for confirmation.

Good morning

Giao dịch đang hoạt động:

Moving my stoploss to break even

Giao dịch được đóng thủ công:

Stopped out at break-even as bullish momentum is established after an outright breakout of the $1.00100 zone and I missed this move! (I woke up late this morning). I am going to wait and see if the market will be presenting me with a second chance.

Good morning

Giao dịch đang hoạt động:

A breakout of the significant psychology level at $1.0000 during the early hours of today is likely going to be a bullish signal hence let's be patient and see if we are going to be seeing buying opportunity at the retest of structure.