6E1!
EURUSD (4H) is still in bearish correctionI believe EURUSD has some margin to go upwards.
In this regard wave (b) of (abc) has started and is presumed to retrace up till 0,618% level.
The white lines from (iv) edge is the WOLF WAVE. Will see how it will work out
the euro against dollar shows great potential to go higher The euro against dollar shows great potential to go higher in the next few weeks with a probability of 80 percent
TRADE IDEA: /6E JANUARY 8TH 1.195/1.2 LONG PUT VERTICALMetrics:
Max Profit: 337.50
Max Loss: 287.50
Break Even: 1.1977
Notes: A bearish assumption directional shot at resistance. Alternatively, FXE January 15th 111/113 long put vertical, 1.05 max profit, .95 debit/max loss, break even 112.05 vs. 112.13 spot (although it's trading above that pre-market).
a buying opportunity on 6E1! , signal buy Euro fx futures in this market we have broken the VWAP indicator with force combined with a significant volume plus the market has a spring effect on the VWAP, means a very important buying opportunity towards the TP
a buying opportunity on 6E1!, Euro fx futures signal buy the market will experience an upward trend if we break the green resistance line, so we have a high probability of gain in the market combined with the breakout of the vwap indicator
signal buy
(6E) !!! neutralif the (6E) breaks the vwap and the first resistance it will go up . so if you have a suggestion or advise , let it in the comments
and if you liked my analysis break the like button
6E Downfall of Price is Supported by Eisting Bullish Position1. The existing long position that had placed or accumulated at heavy transaction price zone will protect their long position when price retrace near to that zone.
2. The smart money place for short position will potential take profit (i.e: buy order) above the heavy transaction price zone
Both above accumulated lots of buy order to fueled the bullish momentum to the next spike.
𝗗𝗼𝗹𝗹𝗮𝗿 𝗨𝗽𝗱𝗮𝘁𝗲: $DXY Daily. Flag Breakdown 🚩Critical what happens next here for markets. Needs to regain 93.20s otherwise risk of a drop to 88.30s is in play. Bullish divergence showing but lower bolli kinked open 🤔
$UUP $EURUSD $USDJPY $EEM $GLD $TNX $TLT $SPY $QQQ #Currencies 💱
Weekly EUR forecast. Explained. Potential entriesEUR Futures are still consolidating. Last week the Department of Labor gave instructions on how to implement the executive order that partially extends federal unemployment benefits signed by President Donald Trump. But it was not enough to get a dollar out of consolidation. Fundamentally, nothing changed for both currencies. EUR has clear support and resistance levels. To avoid higher risks, it makes perfect sense to trade breakout of the range:
potential longs above 1.1920
potential shorts below 1.1690
We previously discussed EUR set up for a decline. Based on COT reports commercials are selling currency. It usually indicates the market is topping. Besides, seasonal indicator points move down. The evaluation model shows EUR is overvalued. With that in mind, we prefer to look for and take sell signals. But price action is “the king” and we will follow it whatever side it breaks. Just use proven entry techniques to open a trade and don’t rush.
Coming sell in EUR. Explained Early this week the market can test 1.1630 and later bounce for a few days to form a signal for sellers. There is no need to hurry and pick up a trade now. Let the market do its thing and form some pattern to get clear entry with a good risk/reward ratio. The main reason for potential weakness is the bullish setup in DXY. I made a post about it. Below you can see a summary of DXY analysis
We have discussed previously a potential rally in the American dollar. Now we are getting really close to the potential entry. However, accumulation is weak. That means it will take another week or two to get a signal. Accumulation builds momentum. That’s why it is so important. We have very strong fundamental setup for DXY rally:
COT – commercials are heavily long
Evaluation model – the dollar is undervalued
COTSI Index – very high
Intermarket forecast – upside.
We need a technical signal to confirm the coming rally. It always takes some time to get one once we have a fundamental setup. So, likely we will see a bit more of a rally coming in a few sessions, followed by a pullback. It will give the dollar enough time to build momentum and form a signal to go long.
𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗼𝗻𝘁𝗵: $GDX Monthly. What a Move! Major breakout! Look to buy dip as sentiment too high 📈
$GLD $GC_F $GDXJ $SI_F $SLV $ES_F $SPX $VIX $NQ_F $QQQ $NDX $SOX $IWM $TLT $TNX $DXY #Gold
EUR is setting for declineSome time ago we have talked about EUR COT reports. Swing traders should focus on taking sell signals. Commercials are short this market, while retailers are heavily buying. We saw almost the same in 2018 before a big decline in EUR. I believe the story repeats. However, we don’t have a good entry yet. I have a feeling price will make false breakup before the trend starts. But the market doesn’t have to follow my feelings )) Besides, the evaluation index shows EUR is overvalued. Short-term traders can continue to trade in the range with tight stop loss. But our main focus is on taking sell signals, like swing failure, etc. Many data will be released the coming week, including retail sales, Empire State, Philadelphia Fed, and June University of Michigan consumer sentiment reports scheduled along with the Federal Reserve’s Beige Book. Possibly it will be driving power to break out of the range. We have to monitor COVID cases in the USA and government response to it. At the moment it is one of the most important fundamental factors for the American dollar and it will have an impact on EUR.
[6E] - High probability to drop to the price 1.09005 EUR6E Futures High probability to drop to the price 1.09005 EUR
