Long

EUR/USD Long Setup

Updated

This is a EUR/USD long setup based on a bullish reversal entry near it's 260SMA and -2ATR.

4:1 Trade:
long = 1.05087
stop = 1.04688
profit = 1.06762

TTC ATR:
260SMA = 1.06762
-2.5ATR = 1.04688
-2ATR = 1.05087
+2ATR = 1.08438

260SMA = 1.06762
YTD low = 1.04833
YTD high = 1.12757

2023 YTD reversals:
avg days = 44
avg pips = 589.1

Long 1/6/23 = 1.04833
27 days +549.7 pips

Short 2/2/23 = 1.10330
41 days - 516.9 pips

Long 3/15/23 = 1.05161
42 days +579.5 pips

Short 4/26/23 = 1.10956
35 days -460.4 pips

Long 5/31/23 = 1.06352
48 days 640.5 pips

Short 7/18/23 = 1.12757
71 days -787.7 pips

Long 9/27/23 = 1.04880

Note

10/2/23 snapshot update:

Note

EUR/USD 10/3/23 update:

I will continue to trade looking for longs only because of the YTD risk : reward setup. With that said I'm manually trading around the edges on lower time frames for accurate long entries and reduce positions when the market goes short. I am not looking for short positioning because of the YTD risk : reward danger.

I've updated my static post with levels based on the SMA260 and ATR. I see a powerful bullish reversal looming on the horizon. The only way to time this correctly is to stay in the flow with the market. I encourage market participants to keep going short so I can continue to get better YTD long setups.

YTD low = 1.0460

+2 ATR = profit2 1.08490
SMA260 = profit1 1.06816
-2.5ATR = long 1.04724
-3ATR = stop 1.04305

Note

EUR/USD 10/3/23 snapshot update:
3day chart zoom out perspective.

3 year high = 1.23496
3 year low = .95360
2023 YTD anchord VWAP = 1.08311

TTCATR SMA86
+5ATR = 1.14303
+2ATR = 1.0998
SMA86 = 1.06995
-2ATR = 1.04072
-5ATR = .99687

Note

10/4/23 snapshot update:

Note

EUR/USD 10/5 snapshot update:
1 day chart YTD view

Note

EUR/USD 10/6 snapshot update:
EU10Y/US10Y comparison chart

Note

EUR/USD 10/6 snapshot 15-minute chart:

Note

Taking profit before US cpi report tomorrow

Note

10/12/23 snapshot update:
1hr chart TTCATR levels
S3 = 1.05776
S4 = 1.0564

Note

EUR/USD is down -100 pips in 12hrs

Note

10/13/23 EUR/USD snapshot update:

Note

10/20/23 snapshot update:

Note

10/31/23 Forex market check:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

EUR/USD 11/3/23 snapshot update:
Close 1.07286

Note

11/7/23 Forex market check:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

11/7/23 Gold is rolling over on the 3 day chart:

Note

11/9/23 Forex market check:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

11/15/23 Forex market check 12hr chart:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

11/16/23 Forex market check 12hr chart:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

11/17/23 Forex market check 12hr chart:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

Note

10/20/23 update EUR/USD hit 1.0940 major resistance level.

TTC ATR:
+2ATR = 1.0937
260SMA = 1.0771
-2ATR = 1.0606
-2.5ATR = 1.0565

Note

11/22/23 Forex market check 12hr chart:
EUR/USD
GBP/USD
AUD/USD
NZD/USD
USD/JPY
USD/CAD
USD/CHF
USD/HKD

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