EURUSD Chart Analysis

https://www.getknowtrading.com/eurus...1368-expected/



The breakout was a false one on Tuesday and what usually happens after a false breakout the price moved in the opposite direction.

Friday shows price decline after traders taking profits around $1.01368 who bought the price at the $0.99314 which activated a sell off returning the price down.

Next week we need to see the price above the small downtrend channel resistance line with daily close above which will allow price reaching $1.01368 level.


We can expect bearish candle at the confluence area of resistance with price targeting to reach the upper side of the current indecision area which is around $1.0000.
Currency strength meter

https://www.getknowtrading.com/eurus...alse-breakout/



The price opened a week with a gap to the upside and reached the weekly target mentioned last week.

The strong bullish trigger to the upside pushed the price higher and the price reached $1.01960.

The price still needs to break above the small downtrend channel resistance line and small supply zone slightly above that resistance line.
currency strength meter
And then the strong supply zone around $1.01368.

https://www.getknowtrading.com/eurus...ers-targeting/



On Monday the price formed a bullish candle with daily close above previous day candle close.

This was indication the price is continuing moving in the same direction as the previous week has ended.

The first small support and demand zone that will hold the price is $0.96000 price that acted as a support in the previous bearish attempt to reach lower levels.

From there we can expect the price to return back up and if the bulls are strong enough the price could reach the first supply zone at $0.98300.

https://www.getknowtrading.com/eurus...for-the-bulls/



The price reversed from that demand zone and formed a strong bullish engulfing candle that took the price back to downtrend channel resistance line which is a small confluence of resistance with supply zone at $0.98300.

Higher price level where we can expect the price is around $0.99134 which is the first strong resistance for the price.

On a weekly time frame and monthly time frame we have a price in between support and resistance level where a bullish scenario is likely on a short term.

https://www.getknowtrading.com/eurus...e-for-sellers/



Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days.

With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the price will move down.

The price is falling down and the next support is at $0.96716 where we have a demand zone where the sellers will get out.

The bounce from $0.96716 is likely to reach $0.97000 and then $0.98000 which are smaller resistance levels.

https://www.getknowtrading.com/eurus...ers-key-level/



The price had indecision on Tuesday and Wednesday which shows sellers and buyers strength to move the price in their direction.

This shows a false breakout from the indecision area to the upside so we could expect a move to the downside at least to the $0.96716.

The daily overview shows that the price could return back down to $0.96716 support level, but there is no clear signal that the price has enough strength to move down below this support level.

This means if the price closes below on a daily time frame we will see the price heading down to $0.96000 which is the first support level.

https://www.getknowtrading.com/eurus...-trend-change/



The price did not return back down and test the $0.96716, but it moved to the upside and tested the previous small resistance as a support level.

Since the price managed to close the day above previous daily candles this is indication we will see the price more higher.

The next level for the price is $0.99134 which is the next target in the coming week.

The $0.99134 could be a first level for the bulls to change the market bias from selling into buying trend.

https://www.getknowtrading.com/mt4-vs-mt5/



MT4 vs MT5 difference is in the design and the features you can use where MT5 has new design and more features, but MT4 has all features you need for trading.

MT4 has proven as a stable and reliable trading platform enough for daily trading, but MT5 has introduced more functionalities that can help avoid obstacles in trading.

Whichever Forex trading platform Metatrader you use, you will not make a mistake.

But, MT4 is my first choice in trading and I would always recommend MT4 for beginners because of its simplicity and reliability.

https://www.getknowtrading.com/eurus...thly-decision/



The price closed above $0.99134 which was the resistance level and supply zone that was holding the price for a while.

The breakout was confirmed on Wednesday when the second bullish candle formed and reached $1.00900 level.

The next week on Monday will be the last day in this month which is an important day to watch.

So, if we see Monday close above current price and stay above $0.99134, we will see prices on higher levels in the next few days and weeks.

https://www.getknowtrading.com/inval...profit-in-mt4/



Invalid Stop Loss or Take Profit in MT4 or MT5 is an error that appears on the Forex trading platform if you do not set Stop Loss or Take Profit on the right place when opening a new order.

In case you open SELL order to fix invalid Stop Loss or Take Profit in MT4 you need to set stop loss above current price and take profit below current price.

In case you open BUY order to fix invalid Stop Loss or Take Profit in MT4 you need to set stop loss below current price and take profit above current price.

If you do not set correct stop loss and take profit level you will get an error invalid SL or TP in Metatrader 4 and in MT5. You will not be able to process to open a new order so this is a step you need to fix at the beginning.

https://www.getknowtrading.com/eurus...or-the-market/



The Monday candle has closed below support level and continued to move down in the following days.

On Tuesday we have a bearish Pin bar suggesting move down after testing the previous support now as a resistance at $0.99134.

Weekly candle has closed as a bullish Pin bar on the critical level at $0.99134.

The next level for the bulls is $1.00400 on a weekly time frame and daily time frame.

https://www.getknowtrading.com/how-t...-trade-on-mt4/



Modify trade on MT4 in two ways by:
- clicking the right mouse button on the trade in the “Trade” tab and select “Modify or Delete Order“
- double click on the trade in the “Trade” tab and in new window change what you want to change

In both ways you will get a new window where you can make modifications like adding Stop Loss and Take Profit level, changing SL/TP or closing the whole trade.

If you want to learn how to do the change on the MT4 MT5 order that is open read further where you will see examples of order change and steps needed to realize the change.

https://www.getknowtrading.com/place...n-mt4-android/



Place a trade on the Android app for MT4 includes these steps:
- select currency symbol in the “Quotes” tab by tapping on it and select “Open chart”
- on the chart in the upper right corner tap on the “New Order” which is + sign
- define the Order Type
- define Volume, Stop Loss and Take Profit Level
- Click Buy or Sell button

The steps to place a trade on the MT4 app are simple and easy.

Order Type on Android MetaTrader 4/5

https://www.getknowtrading.com/order...atrader-4-app/



Order type on Android MetaTrader 4/5 app are market execution and pending orders.

There is one type of market for instant execution and there is 4 pending orders on MT4 android and there is 6 pending orders in MT5 android app.

This article will show you how to find order types in MT4 and MT5 android app. After reading you will be able to get around MT4 and MT5 to locate all order ty
pes available.
If you do not know order types in the MT4/MT5 android app you will miss a chance to get all what MT4 and MT5 app offers you. And that is trading all order types from anywhere with your smartphone.

https://www.getknowtrading.com/eurus...trend-support/



The price formed a strong bullish engulfing bar breaking $1.01368 resistance level.

On Friday the price returned down close to $1.01368 and tested this demand zone as a support and then returned back up and broke the $1.02669 resistance level.

Week ahead will show some price fall to the first support at $1.02669 and probably to $1.01368 as a weekly support level.

The $1.03920 is the zone that will confirm an uptrend for the EURUSD after the price broke outside from the downtrend.

How to Login to Metatrader 4/5 Android
https://www.getknowtrading.com/how-t...r-4-5-android/



To login to Metatrader 4 or 5 android account do the following steps:
-click the “Get Started” button in the MT4 or MT5
-tap the plus “+” sign in the upper right corner
-select Login to an Existing Account
-select the broker you want to connect to
-enter login details

Can I Use Multiple Accounts on MT4 for Android?

https://www.getknowtrading.com/multi...4-for-android/



You cannot use multiple accounts on MT4 for Android at the same time, but you can use multiple accounts on MT4 for Android if you switch between them and have connected only one at the time.

If you need to run multiple accounts on the MT4 or MT5 for android you are limited in the speed of checking all accounts. Because you need to login to each account when you change accounts on the android platform.

Luckily you can save login details so you do not need to type password and account ID each time you want to connect to the account.

How Can I See Account History on My Android MT4/MT5 App

https://www.getknowtrading.com/accou...d-mt4-mt5-app/



To see account history on android MT4 app you need to do following steps:
-Connect to MT4 trading account
-select History tab
-select time period for the account history

These three steps are needed to see account history in the MT4 android app.
If you do not have any trading history in the certain period you will not see anything. So, if that happens and you know that you have traded on that account then change the history period.
Account history on android MT4 app cannot be deleted so have in mind this if you think you could lose account history.

How do I Open Charts on the Android MT4/MT5 app?

https://www.getknowtrading.com/open-...d-mt4-mt5-app/



Open charts on the Android MT4 app by selecting the symbol in the “Quotes” tab and tap on the symbol and select the “Open chart” option.
This will open a “Chart” window where you will see symbol price and chart type you have selected.
You will see how to get to the “Chart” window by selecting the symbol from the “Quotes” tab. That way you can see the price of a symbol and you can start analyzing.
The process of opening a chart on the MT4 app is the same as on the MT5 app. The difference between MT4 and MT5 is slightly in the visual design.

https://www.getknowtrading.com/eurus...break-1-03920/



We can see on the chart the price formed a small bullish Pin bar on Monday and the price started to move to a higher level.

The price broke above $1.01368 on Tuesday, but the price returned back down.

I am expecting the price to move down slightly, around $1.02000 or above, and continuing to move up.