Master the IBWT pattern

Want

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

EURUSD Trading Analysis

Posted on Apr 11th, 2019

by colibritrader

EURUSD Trading Analysis

@Colibritrader

Dear traders,

My trading analysis from Sunday came up quite mixed.

DAX’s inside bar was followed by a bearish engulfing candlestick and prices went down and then up again to form a trading range
EURNZD continued its uptrend as expected and is possibly going to reach for the next resistance level

EURUSD Trading Analysis

Today I have been following the EURUSD.

It looks like this pair might be ready for some fresh lows.

There was a bearish engulfing candlestick on the daily chart. It is indeed a very interesting formation, since I can also see an inside day candlestick.

This could be a very powerful indication for the downtrend since it combines two candlesticks in one.

There is a mini supply zone just above the current price and I would ideally like to see this pattern forming above this area, but will still look for a 4H confirmation during tomorrow’s session.

Attention: Be careful in any case, because the price is just located in a tight range and even if it goes lower, the move might be short lived once price meets the support at 1.1175.

Happy Trading,

Colibri Trader

p.s.

Have you checked my article on Point and Figure charts

2 thoughts on “EURUSD Trading Analysis”

Mugambe Henry says:

June 9, 2019 at 5:54 am

I am beginner in trading but I have found this information very important. Thanks God bless you.

Reply
1. colibritrader says:
  
  June 10, 2019 at 7:28 am
  
  Cheers 🙂
  
  Reply

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.