EU
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.
🔰 EUR/USD - Daily Update 🔰 - 1.2100 will accelerate the price for a further downside move
- We need to wait for a breakout from here for a market bias
EUEU took a wild turn today and has finally started consolidating in between 1.21288 and 1.20940. Institutional moves are properly over for the week, but there's plenty of opportunity while EU forms its next triangle.
EUR/USD - Downside Continuation!! - Price is currently getting squeezed between my moving averages.
- Top side trend was respected and fell from that level
- Trend line plotted from lows also shows a break in trend.
- Price formed a head and shoulders pattern that broke out to the downside today.
- Price has retraced back into the 50 - 61.8% retracement level of todays range.
- Looking for the large wicks at the on the recent 4H candles to get filled to start the momentum to the downside.
🔰 EUR/USD - Daily Update 🔰🔹 The next resistance is 1.2260 from here
🔹 The FOMC event — it will be very volatile for EURUSD
🔰 EUR/USD - Daily Update 🔰 🔹 It has simply been moving between 1.2100 and 1.2260 for a while now — We need a breakout from this zone
🔰 EUR/USD - Daily Update 🔰 DM us for more help -- We give FREE help ^_^
🔹 1.2000 is the next major support from here
🔹 EURUSD could reach the 1.2165 zones for a short time tomorrow
Selling Eur/Usd - Target @ 1.195- The trend line is the monthly downtrend that was broken at the end of July, 2020. Price moved nearly 750 pips from that point.
- Price reached the monthly resistance and has since corrected back from that zone.
- Moving averages have crossed signalling trend change.
- Price has created a new lower high last week and a new low earlier this week also signalling trend change.
- Price has retraced back to retest the previous lows at the 50% - 61.8% retracement zone, which also had significant reactions twice back in December.
- The retest is also testing the neckline of a sloppy head and shoulders pattern that did break out for a nice leg down.
- Target will be in the 50% - 61.8% retracement zone from the leg up off the monthly trend line break to the monthly resistance zone.
EURUSD CUP AND HANDLEEURUSD has made a cup and handle formation, and price is starting to break the ema 89, wait for breakout of neckline. or enter under pinbar.
Short ZoneLooking for short entries using candle stick patterns and volume at the points of interest marked.
EU Smart Money/Fibonacci SetupThe 4H Chart shows a double bottom that took a crap ton of liquidity with a strong sell. That's the POI (Point of Interest) I have marked. I'm also using it as my tp, or where ill take partials. As the chart shows, the 88.6 lines up perfectly with the sniper, or where there was a failed retest of the engulfed candle (SNIPER).
I presume price will make its way down there next week. maybe get there Friday before or when the market closes, but it's a move I'm definitely looking to take.
@MonaySess
SHORT TERM EURUSD SCALPEURUSD should make a little fall here as dxy closes the gap. rejection of ema 89
eurusd 15m trading ideasJust an overview of what i believe the price action will be over the 15m timeframe a pullback to 0.5 or 0.618 and then long to new highs
EURUSD LONG..... AGAINEURUSD 4H CHART SWING LOW- price will rise from here as dxy rejected going any higher this week with a double rejection of the 90.7 kinda levels look to long eurusd to a higher high
