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EURUSD Higher TF SELLEURUSD EURUSD has made a strong push to the upside and closed well above the 0.9700 key level during NY Session (Sept 28). 1H made a clear break of structure to the upside and has been creating higher highs/lows since. Price is reaching a strong Supply Level on the Daily Timeframe which I expect to see some reaction from. I will wait for Price Action confirmations before jumping into what I believe could be a long term Sell. I am overall Bearish on EURUSD and would like to see the following scenario play out: Price has made a strong push to the upside since trading around 0.9540s. I see this as the Daily Pullback and possible anticipation to a new Impulsive move to the downside. I don't want to get caught into early SELL positions so I will wait to see how price reacts once it reaches my Supply Level at around 0.9850. From here I will like to see a clear price action confirmation and would enter into a SELL as follows: Entry: 0.9850 0.9885 Stops : 15 pips above Targets: 0.9730 0.9600 0.9512 *Again* I want to be very cautious with this SELL as I am aware of the bullish price action on the 4H, and Daily (last 2 candles), I would like to see a 30m and ideally 1H Break of Structure to the Downside to get into this SELL. Note: This is not to be taken as trading advice and/or signals, please do your own analysis and manage your risk responsibly! Best of luck in your trading Let me know your thoughts on where you see EURUSD headed next!
Short
by adapenafigueroa
3
EURUSD Big Picture Pullback into Continuation ShortsEURUSD made a push to the mid 0.9530s during Asian Session (Sept 28,2022), recovering nicely again to just below previous NY Lows of 0.9580s during London. At this time the 1H Timeframe was in a beautiful downtrend but giving Price Action signals of a possible break. From a Big Picture point of view, I wanted to see price make a recovery and break again above the 0.9600 (this has just been done during the NY Session (Sept 29). We have a clear break in structure from 1H down, and I am currently waiting on a Pullback to enter on a Long Position and ride the higher timeframe pullback as shown. Possible Entries: 0.9600 0.9573 Stops between 10-15 pips below these entries Targets: Target 1: 0.9750 Target 2: 0.9825 Note: this is not trading advice and/or signals, do your own analysis and manage your risk accordingly. Would love to hear your feedback. Best of luck in your trading.
Long
by adapenafigueroa
4
Gentleman's OXY?Got FOMO'ed in b/c WEB kept buying? Take measure to protect yourself from a potential drop in the short term: It started with negative divergence in March, noticing that volume did not follow through after the breakout, it might end up with a H&S formation that project to the low 40's (blue lines). That region happens to coincide with: - the yellow trendline with multiple tops in the past, which can now function as support; - an interesting retracement level; - a volume profile wedge. This is a short term set up based on technical, invalidation above 70. With the intention to (partially) take over, it makes sens for a whale to keep buying regardless whether price goes up or down. Assess your own situation as it might differ.
NYSE:OXYShort
by EuroStockOption
EURUSD ready to trade below parityEURUSD is showing strong potential of trading below the breakeven parity level and I highly believe that by the end of August we could break the parity level and trade below it for the rest of 2022. Looking at price action on this one I see 0 reasons for buying, in fact all we are forming is constant lower highs and lower lows... which suggests we are in tune for more bearish momentum if this process continues. We just came out of a build up range followed by a bearish flag pattern... momentum is strong and I highly believe, based on what I see, that we'll be heading south bound for now.
Short
by PrimedGroup
EUR/USD seems nice to trade next weekHello everybody. I was looking for something interesting on market and found this formation on EU very interesting. Look here. We are creating a huge channel from 1.011 to 1.025 now. Once we break 1.02550 or 1.010 we will run 'to the Moon' or backwards 'to the Hell'. SO, I just placed alerts for 1.02550 and 1.010 so I can open long or short on both of these prices. This is the simplest way to trade and this is always work, because this is how economy works. My TP for long is the nearest level and this is about 1.03. My TP for short is 1.00. SL depends on your own risk-management . Also, if you are a experienced enough you can trade inside this channel. But this is always way riskier than trade breakthrough. *We have some really BIG fundamental things going on, so all the market could be very shaky. Have a good weekend and good luck next week guys. Always yours Fridrex ;)
by Fridrex