EURUSD

 

Date (13/08/2019)

Time (10:00 pm GMT)

eurusd weekly 13-08-2019

The direction of the Pair is continuing the bearish consequences and currently the direction within the wave {((C)) primary level}

weekly target level: (1.05605 – 0.97855)

weekly invalidation level: 1.25409

Date (13/08/2019)

Time (10:00 pm GMT)

eurusd daily 13-08-2019

The direction of the Pair is continuing the bearish consequences and currently the direction within the wave {((C)) major level}

Daily target level: (1.05512 – 1.02538)

Daily invalidation level: 1.18147

Update 

(08:00 pm GMT) (18/08/2019)

eurusd Daily Chart 18-08-2019

the price broke the previous lower low @ wave {(1) intermediate level} to confirm bearish consequances and to continue wave {3 minor level} 

Date (13/08/2019)

Time (10:00 pm GMT)

eurusd 4 hour 13-08-2019

The direction of the Pair is bearish but now in the correction wave { C minor level}.

4 hour invalidation level : 1.14119

4 hour invalidation level for the correction stage: 1.10268

Entry level: Retracement level of wave {(1) intermediate level} between (74.6% – 86.4% fibbonacci level} 

target profit level: see daily chart

* note : trading in bullish direction is not preferable

Update 

(08:00 pm GMT) (18/08/2019)

eurusd 4 hour 18-08-2019

Correction Wave ((b)) minute level almost done and a bullish entry level for short term trading i mentioned in 1 hour chart, however any buy order i don’t prefer as long as the pair trend is bearish. 

the entry level of the pair in the sell direction could be the fibonacci retracement level of wave {1 minor level} between ( 61.8% – 85.4%) mentioned in blue box. 

Date (13/08/2019)

Time (10:00 pm GMT)

eurusd 30 minute 13-08-2019

Date (14/08/2019)

Time (09:00 pm GMT)

eurusd 30 minute 14-08-2019

1 hour invalidation level: 1.10268

1 hour entry level : equal leg of wave {((a)) minute level }

target profit level: 100% Equal leg of wave {A Minor level } or fibonacci extension 61.8% levels.

target profit level: entry level for 4 hour chart

* note : trading in bullish direction is not preferable

Update 

(08:00 pm GMT) (18/08/2019)

eurusd 30 minute chart 18-08-2019

EURUSD is bounded with bearish channel but momentum divergance , see RSI, is looming which confirming that wave 5 is taking place at the moment . and a short term correction in bullish direction will take place very soon. 

* any buy order is not advisable for EURUSD. 

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