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Eur-usd

EURUSD Potential (4h) Death Cross. What to do?EURUSD is under both the (4h) MA50 and MA200, with the two about to form a Death Cross. The pattern since the start of the year is a Channel Up and every Death Cross inside it delivered a lower Low. A (4h) candle close over the MA50 though, will invalidate this and would be an instant buy opportunity. Trading Plan: 1. Sell on the current market price. 2. Buy if the price closes a (4h) candle above the MA50. 3. Buy on the 0.618 Fibonacci at 1.08800. Targets: 1. 1.08800 (0.618 Fibonacci level). 2. 1.12800 (recent High). 3. 1.12800 (recent High). Tips: 1. The (4h) RSI is forming a sequence (afte being oversold below 30.00) similar to both June 5th and February 20th. That is why you should be prepared for both a lower Low and a (4h) MA50 breakout. Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
8
EURUSD: Big Sell Signal? Rising Wedge Alert!Greetings Traders, Here's a compelling setup on EURUSD for your consideration. Currently, the pair is riding an uptrend. However, the price is closely hugging the moving averages on the monthly chart, hinting that sellers might be ready to step in. An emerging rising wedge pattern on the weekly chart reinforces this perspective. If we witness a break in this pattern, it could be a strong sell signal, potentially pushing prices back toward the previous lows on higher timeframes. The smaller timeframes are less predictable now, but if this larger picture unfolds, I'll be scanning for optimal entry points. Stay tuned and we'll navigate this potential opportunity together.
Short
by FX-TradingLions
1
EURUSD Buy next week. Downtrend not finished.The EURUSD pair is about to form a MACD Bearish Cross on the 1W time-frame, which is the chart that perhaps serves at understanding the current situation better than any other. It's not just the Channel Up pattern since November 2022 that is driving the trend but also the candle action on weekly terms. As you can see after each Channel Up top (Higher High), doesn't just decline by -4.37% on average but it bottoms 3 weeks after the strongest red candle on the Higher High rejection. On the current pull-back sequence, we have had this candle 2 weeks ago so the next one should be the bottom. The next Support is the low of the July 03 1W candle which is 1.08340, so we are sticking with our 1.08450 Sell Target that is not only as close to the bottom (Higher Lows trend-line) of the Channel Up as possible but also above the 1W MA100 (yellow trend-line) that recently supported the pair for 3 weeks in a row (weeks of June 19 to July 03). See how accurate fractal approach is on our EURUSD analysis, as we accurately caught and bought on the pair's last bottom: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EURUSD 30/7/23Here we have Euro USD with a pretty similar setup to British pound to the US dollar the only difference with this is the POI sits slightly higher within our range still in the London session on Friday with clear imbalance and of course this is a representation of the 5 minute time frame that we have to show it to you on a 15 minute so please take a lower look down on your own chart. we're looking for this to go bullish in the first half of the week and we're looking for it to shift bearish. I personally anticipate it to create a very small range which will break lower giving us a bearish narrative but until then as always we will follow price and as it delivers!
by PipSurfingSociety
✨ MODIFICATION: EURUSD ✨ THE BIG PICTURE (5D)TECHNICAL ANALYSIS: TP5 @ 1.2115 (closing ALL Buy Orders) TP4 @ 1.17850 (shaving 25%) TP3 @ 1.1250 (shaving 25%) TP2 @ 1.1100 (shaving 25%) TP1 @ 1.0933 (shaving 25%) BLO1 @ 1.0820 ⏳ BLO2 @ 1.0800 ⏳ VIDEO TIMESTAMP: 00:00 ECB News 02:53 Where Do We Go From Here? 03:32 A Noisy Intermediate Time Frame (4H) 04:55 Key Support/Resistance Levels (4H) 06:01 Institutional Buying Targets 06:42 Safe Haven Currencies 05:52 Interest Rates and Safe Haven Currencies 08:47 Position Sizing with R:R @ 1:1 10:20 Best Buying Opportunities ⭐ 11:04 The BIG PICTURE Analysis ⭐ 13:28 BIG PICTURE Anticipatory Trend 16:31 Boost, Follow, Comment, Join FUNDAMENTAL ANALYSIS: During today's EUR News trading session, the EURUSD initially tried to rally or, as we call it, exhibited a false positive. Still, the market gave back gains as the European Central Bank raised its key interest rates as anticipated by 25 basis points up from 3.50% to 3.75%. So, considering this, where is Price Action going from here? Since April 02, 2023, @ 18:00, it's been a very noisy range. This range is our current price curve analysis. It lands between the Pivot Low of 1.0788 and the Pivot High of 1.1095 and, therefore, places Support @ 1.0945 and Resistance @ 1.1086. Based on the 4H chart, we should be clear for a downtrend breakout if price action opens and closes below our Support Level. A breakout pattern to the downside would also mean Price Action is pulling back from its BIG PICTURE uptrend pattern. Therefore, we should find Institutional Buying Targets around 1.0820 and 1.0800. Considering the US dollar to "safe-haven" currencies like JPY or CHF, we need to be cautious about our position sizing because this will continue to be a volatile range. We're going to have to "ride the wave" professionally. Right now, I see a lot of short-term buying and selling opportunities until Price Action reaches its 4-hour Demand Zone around 1..0800. Once we're there, the longer-term opportunity to buy will be ours.
Long
by ProfessorCEWard
4
EURUSD: Seeking the new Support. First buy attempt.EURUSD is having a strong technical selling sequence following the HH rejection (July 18th) at the top of the long term Channel Up pattern. The 1D timeframe turned neutral (RSI = 45.045, MACD = 0.005, ADX = 28.669) and as the price is near the HL trendline, it justifies a first buy attempt. Our sell target and buy entry from last week (chart at the end of the idea) was 1.09800 anyway and the target the top of the Channel Up (TP = 1.13250). It is possible for the market to seek the 1D MA50 too (1.09200) but if it closes a candle under it, then it should extend the selling to the 1D MA200 (TP = 1.08000), where it will turn into a long term buy opportunity again. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
8
EURUSD New bullish sequence to 1.14000The EURUSD pair is rebounding just before hitting the 4H MA200 (green trend-line), with the 1D RSI printing a similar formation to the January 06 2023 rebound. Within this 8 month Channel Up pattern, the 4H MA200 has been the pivot between bullish and bearish sequences, hence the Support now that we are on a bullish leg. As long as it holds, we are expecting the price to make a Higher High for the Channel Up at 1.14000. If the price breaks below the 4H MA200, we will sell, aiming for a Higher Low near the 1D MA200 (orange trend-line) at 1.08450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD: Technical correction targeting the 1D MA50.EURUSD has started the medium term correction inside the long term Channel Up after it hit the top and made a HH. The 1D technicals may not be overbought any more but remain bullish (RSI = 60.317, MACD = 0.009, ADX = 35.910) illustrating that there is still way for the price to decline before they find a balance. We expect that to be on the 1D MA50, unless the 1D RSI rebounds on the HL trendline. If not continue selling to the price's HL and the 1D MA50 (TP = 1.09800). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
8
EURUSD crossed under the 4hour MA50 and the downside can be moreEURUSD got rejected at the top of its multi month Channel Up and crossed today under the 4hour MA50 for the first time since the bullish break out of July 7th. This pull back looks so far quite the same as June 22nd/23rd. The 4hour RSI almost got oversold as then. If the 0.382 holds, we may see a Falling Wedge consolidation before the new leg up to the -0.618 Fibonacci extension. If the 0.382 breaks, sell and target the 4hour MA200, which provided the rebound on July 6th. Buy there and target 1.12750. Previous chart: Follow us, like the idea and leave a comment below!!
by TheCryptagon
8
EURUSD reached the top of the Channel Up. Sell.EURUSD has reached the top of the Channel Up from the start of the year. That is a sell signal but may consolidate at the top for some time before declining. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.10345 (the 0.382 Fibonacci level and potential contact with the MA50 1d). Tips: 1. The RSI (1d) is overbought. It wont get rebalanced before crossing under the MA and hit at least its Rising Support even though a value within 50.00 - 45.00 is more realistic in order to neutralize it. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
6