Eur-usd
EURUSD Still bearish but buy above the Channel Down.The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous bearish legs). If however the price crosses above the Channel Down first and the 4H MA200 (orange trend-line) we will buy the break-out and target the 1D MA50 (red trend-line) at 1.0785.
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Weakness in DXY pushes EURUSD higherThe EURUSD approaches the 50% fib retracement level from the longer term and the resistance level of 1.0620
This move has been driven by the weakness of the DXY as markets consider the increased possibility that the Federal Reserve could continue to keep interest rates at the current level.
Look for the EURUSD to break above the immediate resistance level and trade higher to the next major resistance at 1.0740, with a possible hesitation at 1.0670
Buy EURUSD H4 Channel BreakoutEUR/USD - H4 Chart - Channel Breakout Pattern Formation
Price Need to break the channel and after retest of Channel only we take buy entry.
Always wait for strong Conformation in Short term for entry. 👈👈👈
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“Markets are never wrong, but opinions often are.”-Jesse Livermore
Good Luck💛💛
EURUSD Bullish signal, two targets.EURUSD is trading inside a Bullish Megaphone.
Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels.
Trading Plan:
1. Buy on the current market price.
2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h).
Targets:
1. 1.06175 (Resistance 1).
2. 1.06650 (MA200 4h and under Resistance 2).
Tips:
1. The MACD (1h) has formed a Bullish Cross under the neutral 0 level.
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Notes:
Past trading plan:
EURUSD 9/10/23Our final pair for this week Euro USD you can see that we are in again a bullish swing range this swing range was only confirmed after price shifted lower from the market open gap again this holds less probability when it comes to confirming a truly manipulated high within our swing range but as it stands we will look at it as a true breaker structure since this breaker structure we have tapped into our only unmitigated POI and we have seen a bullish move up we have not come up to fill the gap yet, But as we are in a bullish range it makes the fulfilment of this gap even more probable of course we will look towards our Tuesday sessions for our true price movements as today is a bank holiday but we will continue to follow price action to see if we can get some short term moves until this gap and range is fulfilled
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD: 4H MA100 rejection driving it back to 1.0450.EURUSD got rejection last Friday on the 4H MA100, which maintains the Lower Highs order inside the Channel Down pattern that has almost completed three months of trading. Naturally, the 1D timeframe is bearish technically (RSI = 40.242, MACD = -0.006, ADX = 32.170) and will remain so for as long as the Channel Down holds. The 4H MA100 provided the rejection on September 20th but on August 30th it broke only to get rejected at the top of the Channel Down. So if a candle closes above it, we expect the top of the Channel Down to be the final sell entry level. In both events, our target is the S1 level (TP = 1.04500). Only a closing over the 4H MA200, reverses the long term bearish sentiment.
Prior idea:
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EURUSD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.05600 zone, EURUSD was trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
EURUSD before NFPYesterday EURUSD continued the correction and reached exactly 61,8 of the last drop.
Today is the first Friday of the month and as usual NFP will be released.
It's an important news and we expect a reaction.
Upon another rise and pullback we will consider selling to break the previous low.
We do not consider buying EURUSD until there is a break of the previous high.
EURUSD Don't trust this short-term rebound for a second.The EURUSD had a 2-day rise that almost touched the 4H MA50 (blue trend-line). This is the counter trend rebound towards the top (Lower Highs trend-line) of the 2 month Channel Down. The 4H MA50 hasn't been broken since September 20 but even if it does, we are far from turning bullish. As long as it remains below the 4H MA100 (green trend-line), it is a sell opportunity, targeting 1.03500 (bottom of Channel Down, above both the standard -2.34% decline and 2.0 Fibonacci extension).
Only a closing above the 4H MA200 (orange trend-line) can justify a bullish break-out (medium-term). The 4H RSI is forming the same kind of pattern it did on the last 4H MA100 rejection.
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EUR / USD - JOURNAL - ACTIVE SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED DAILY with comments and trade ideas.
| This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions |
In the following analysis, I highlight a possible SHORT / LONG scenario in the > FX:EURUSD <
We focus on the technical KEY points and KEY areas which will be relevant in the next hours & days.
The highlighted scenario is supported by the higher timeframes, which we are ACTIVELY monitoring in an existing post.
This can be found under the following name: " EUR / USD - HTF JOURNAL - WEEKLY SERIES " (Listed under this post at "RELATED IDEAS")
As soon as the temporary direction of the price emerges, I will update the post accordingly, with entries, stop-loss & take-profit levels.
How do I save an idea so that I receive a notification when it’s updated?
MARKED POINTS OF INTENTION (POI)
We are at a superior "Point of Interest", which are the "Higher Low" from 2020 (1.06359) & the "Higher Low" from 1991 (1.06030).
These points are just fought over in the "higher time intervals" (day or week) and are decisive for the following movement direction.
(SHORT) If these two points are successfully broken, then the next approach target would be the "Higher Low" from 2023 (1.05160).
(LONG) If the market can hold these levels, then the next "HTF Resistance Level", the "Lower High" from 2022 (1.07868), will come into play.
In the smaller timeframes, a consistent momentum rise can be seen, which, however, does not have a heavy weighting in the valuation because we get a new "NEWS event" almost every day this week. For this reason, it becomes very volatile in the market, and every day it requires a re-evaluation.
# Positioning after confirmation of this thesis = LONG & SHORT
Z - Don't let the noise blind you; recognize its face and use it for yourself - Z
| ZielIstDieAutarkie |
If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much.
Thank you and happy trading!
Z
EURUSD Buy signal on the 30m time frame.EURUSD is trading between the MA50 and MA200 on the (30m) time frame.
The same consolidation was in the middle of the September 28th bullish wave.
We may have a potential Channel Down emerging.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.05775 (+1.24% as the previous bullish wave).
Tips:
1. The RSI (30m) is also consolidating on the same levels as the Sep 28th bullish leg.
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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05800 support and resistance area.
Trade safe, Joe.
EURUSD: UT CURVE ANALYSIS (12H)TP5 @ 1.1200
TP4 @ 1.1120
TP3 @ 1.0985
TP2 @ 1.0895
TP1 @ 1.0766
BSO2 @ 1.0635 ⏳
BSO1 @ 1.0555 ⏳
— This is our 2nd attempt at catching the beginning of EURUSD returning to it's Big Picture uptrend.
— Although there was no HIGH IMPACT News for the EUR or the USD, the "bears" continued to push Price Action so far down that it reached our Pivot Low, which was also our SL @ 1.0516.
— Since I'm still seeing the possibility of the Big Picture uptrend starting from here, I'm going to restart this pair with the same coordinates.
— We have two options: (1) Market Order Long or (2) wait for one of the above Buy Stop Orders to trigger and use that as confirmation of the uptrend.
🙏🏾 I'm still holding my long positions, so let's really hope this works