EU
EURUSD - SHORTThe price is at the beginning of the next impulsive move. Watch for break out before selling again. Set your pending orders to the downside.
Happy Trading!
🔰 EUR/USD — did what we mentioned, now its time for pullback 🔻 EURUSD Daily Candle closed as Bullish After a drop from DXY - The EURUSD has reached our mentioned target
🔹 As w got a new Higher High in the price action, a pullback is possible from here
🔹 The Price had a perfect pullback to our last night's Support - for now, this zone will be our major Support
✅ The EURUSD will follow DXY - if the DXY face any Bullishness, EU will drop to make its Pullback
EURUSD Bull Flag pattern (continuation) forming EU looking for buys once it breaks the Flag pattern.
🔰 Euro facing the Dollar with more strength to go higher 🔰🔻 EURUSD Daily Candle closed as Doji ( Doji means a slow movement in the market as we mentioned last night ) - The EURUSD takes its bearish trading from DXY strength
🔹 A breakout above the last HH ( Higher High ) will give us a bullish confirmation for a Bullish Daily Closure
🔹 The Intraday Support from here is 1.2125 then 1.2000 as a major support
✅ We will face high volatility if we get a Bullish Closure after two Doji candles
EURUSDInverted head and shoulders seen in EURUSD, and in DXY we have head and shoulders expect DXY to fall and EURUSD to rise.
EURUSD Short Good Potential RRGood opportunity to short EU with amazing RR
STOP can be moved up to 25 pips if price will do an impulse against us :)
Corrective fractalsEurusd is in bearish decelarion mode, forming corrective fractals. Next fractal should reach below the previous low. RSI crossed 50 into the bear market. Tilson gave a bearish signal as well.
Eventually it is moving downwards to the yearly pivot point.
To the upside we have untested monthly pivot. There is a chance price might spike to it.
FOR EDUCATIONAL PURPOSES ONLY!
Technical 4h Swing EURUSD Short 1:17Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.21650
TP: 1.20200
EURUSD, Potential 50+ pips short moveFX:EURUSD
Market structure broke quite a while back, which is now forming LLs and LHs.
On the H4 I have drawn a small little Fib which captures what looks like a retracement...
hoping to ride this all the way down and later on to look for more opportunities.
However, if this does break the above the drawn Fib, we can expect a retest on that D level (1.21610) and ride it up to the next H4 level (1.22180).
Long EU-Higher time frames seem to be bullish, with daily time frame recently closed with a pin bar testing an area of support.
-Previous crossing of EMA 50/200
-Respected trend line
EURUSD - SHORT POSITION (4HR)FX:EURUSD
CONFLUENCES:
- Bearish market structure confirmed by MA crossover (Elliot Wave 5th leg)
- Head & shoulders pattern formation
- Break and retest of the larger uptrend
- Rejection of daily 51 EMA
- Rejection of 78% Fib level
- DXY has reached significant support so hope to see DXY strength in coming days
🔰 EUR/USD — You need to know This 🔰🔻 EURUSD Daily Candle closed Bullish — the candle represents a strong bullish above last nights Resistance ( Blue Zone )
🔹 A breakout above 1.21000 from last night has achieved — most likely to see the bullish movement as the DXY is Bearish
🔹 The next major Resistance from here is 1.2250 and then 1.2425!
✅ We will be looking for scalping opportunities Today if the DXY remain Bearish
🔰 EUR/USD - Daily Outlook 🔰🔔 EURUSD is still below our breakout line ( H&S neckline ) — we should expect a bearish movement from now — Below 1.200 EU will accelerate
🔹 If EURUSD breaks above our Blue zone ( 1.2100 ) will break our H&S pattern then will move bullish
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EUR/USD longEUR/USD has formed an inverse head and shoulder, broke through a major level, consolidated, rejected off the 38.2 fib level.
What i am waiting now is for a retest and then I will hope on this trade.
My bias for the dollar is short and for the euro is long as of now.
Ill keep you guys updated!
eur/usd BULLISH 8hr harmonic M Classic M pattern on eu. Although it looks like a H&S on a larger time frame. i believe it has found support.
on a fundamental side, i dont believe this nfp week will be good. employment isnt where it needs to be, biden has rejected the GOP $618B stimulus package.
Democrats are taking their first votes Tuesday toward passing a $1.9 trillion coronavirus bill, potentially without Republican support.
President Joe Biden met with GOP senators, who are offering a roughly $600 billion proposal. (we know he declined it)
The budget resolution Democrats put forward would allow them to pass stimulus checks, unemployment benefits, vaccine distribution funds, and state and local government aid. - via CNBC
Bearish Crab (D)EU has a serious case of Crabs on the Daily and 4H timeframes.
Higher time frame patterns should be used as bias for lower time frames entries.
EURUSD - SHORT POSITION (4HR)FX:EURUSD
CONFLUENCES:
- Bearish market structure confirmed by EMA crossover
- 71% Fib rejection
- Breakout from longer-term uptrend
- 4hr spinning top close
- Bearish daily candle close
EU Weekly AnalysisOver the past couple of trading days EU has provided a picture perfect up-trend creating higher highs and higher lows, we are looking for this trend to continue to the weekly resistance level at 1.21716. From there we may see a rejection, if we go short we are waiting for price to create a lower low, and if we go long we are looking for price to break above resistance with a retest of the zone.
EURUSD LongBased on the Daily trendline on EURUSD 1H chart the bounce can happen three different ways.
1. Bounce off daily trendline
2. Bounce off support zone
3. Bounce off minor resistance line
Waiting for confirmation
*Please do not use any of my observations as a definite answer these are my analysis and that's it trade at your own risk
EURUSD UPLet me start by saying I'm not a financial expert, I mostly publish these things for myself, and to see if anyone else can see what I'm seeing.
This is what I feel will happen, what the market is showing me.
Also I have a long history of losing money to EURUSD so take that for what it is worth.
Technical
Looking back price ranged from about July to November before going up.
Strong bullish movement occurred, with little consolidation.
Price dropped to an area of support.
The D TF has a COW formation, it is a reversal pattern, every candle is different like spots on a cow, at least that is how I've come to know it.
Fundamentals
I am looking for aggressive bullish movement on Monday, as we have news events that should impact the EURO positively.
I am bearish on USD
Knowing all of this, I'm looking for price to break this trendline, continue upwards to face the resistance of the previous high created, and eventually continue up to 1.25 to test those highs created in 2018
Simple right? We shall see.
I'm already in a trade, I'm looking to close a quarter of the position if price breaks past 1.23447
Personally, I feel it is going to be a great wk to trade the forex market. Lets hope we can all secure some bags, and if you see the same thing as I do let me know, also if you feel like price is going down, let me know that as well.
