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Eurodollar

Time is Ticking ⏳-> Market Structure & Pin Bar Daily Candle What are your thoughts on the Daily Pin Bar that closed bullish? 0:0 Monthly timeframe 2:02 weekly timeframe 3:22 Daily timeframe 8:23 4hr timeframe 11:17 1Hr timeframe As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are right? Idk but trading with the trend is often the Shrewd thing to do. The majority of participants whom share their thoughts on trading view here were heavily buy biased. This is precisely why the market moved down so swiftly with manufacturing data as many participants were liquidated in a short period of time as the pyramiding concept took over and there was an avalanche of liquidations. An important part to running a successful small business as a trader begins with having a mind of your own. Doing your own analysis and crafting your own view of market activity. With this said, I'm biased towards the long side as we are towards the lows of structure on the Daily chart and structure. I could be wrong and is why I always stay very flexible. It's not about being right, it's about making money.
Long
by ShrewdCatfx
Engulfing candles = ⬆️ Probabilities of MomentumZooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips 0:0 Monthly timeframe 2:14 Weekly timeframe 3:52 Daily timeframe 8:50 4hr timeframe 13:35 1hr timeframe Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to upload this one today after having issues with uploading due to internet connection. Hope you enjoy have a good trading day. In the previous publishing, I was anticipating EU to rise from 1.088 back to 1.09 before contiuing the downward trend. Why 1.09 you may ask? Well 1.09 is the weekly support level created in June/July . The weekly candle last week failed to respect this 1.09 weekly support level. In the market, Support level's become Resistance level's and vice versa. So knowing this, I was able to captilize on the downside push today and was not surprised to see it occur. Observing the daily candle today, we can see that the Daily candle closed below our daily support level at 1.0853. Similarly, we now may anticpate this previous support level to now faciliate a selloff and continuation to the downside. Because I enjoy following the trend. You can be a contrarian, and that is fitting to some personalities. The Daily candle signaled quite a strong selloff after it hit the previous daily candle highs, grabbed liquidity , then teared lower & breaking hearts finishing the day down .45% and closing below all candles to the left hand side. 1.07452 or 1.07 asking too much by end of August Eurusd?
Short
by ShrewdCatfx
🚨EURUSD will FALL to Support Line🚨EURUSD is moving in the middle of the descending channel (the middle line of the channel), and the 🔴 resistance zone 🔴 and near 100_SMA(Daily) . Also, EURUSD managed to break the Uptrend line . 🔔I expect EURUSD will fall at least to support line . Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
27
🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week. 0:0 Monthly Timeframe 1:42 Weekly timeframe 3:22 Daily timeframe 5:04 4hr timeframe 7:30 Bearish Channel from last week 9:07 1hr timeframe The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
Long
by ShrewdCatfx
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point. 0:0 Monthly timeframe 2:05 weekly timeframe 3:30 Daily timeframe 5:50 4hr timeframe 9:11 1hr timeframe 11:40 recap of recent trade Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853 Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
Short
by ShrewdCatfx
2
📈EURUSD 4H deadly analysis📉FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD Hello Traders, please check out my previous ideas. Just don't forget to risk-free your position when it reached the determined targets. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
1
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD. A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD. What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
by ShrewdCatfx
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward 0:0 Monthly Timeframe 1:25 Weekly timeframe 2:32 Daily timeframe 4:36 4hr timeframe 7:50 FOMC meeting minutes during upcoming NY 8:49 1hr timeframe 9:30 Retails sales data from today Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07? Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
Short
by ShrewdCatfx
3
Sellers Beware 🖾 Weekly Demand Level [1.09] ↗️I care about where candles close! 😂 0:0 Monthly timeframe 0:53 Weekly timeframe 3:47 Retail Sales & Manufacturing data 4:31 Daily timeframe 6:29 4hr timeframe 9:22 1Hr timeframe 9:40 Bias 12:14 be flexible I pay attention to where candles close. Yes, it is important, because this is the concept that really validates any data collection during backtesting. No indicators needed, just paying attention to how candles close relative to our key zones AKA levels. 1.09 is a key area for us. Thus far, we have done an impressive job of closing above 1.09. As long as we stay within a vicinity of 1.09, my bias this week and the next will remain bullish. I like support and resistance bounces as it's a fundamental part of my system.
Long
by ShrewdCatfx
1
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
Short
by ShrewdCatfx
5
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU? 0:0 Monthly timeframe 1:03 Weekly timeframe 2:59 Daily timefraem & CPI talks 6:20 Simplify your T.A. 7:26 4hr timeframe 9:53 1hr timeframe Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower. When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
Short
by ShrewdCatfx
4
Impending [CPI] Volatility 🏁 Cut L's Short and Let profits run!Okay everyone, buckle up your seat belts! 0:0 Federal reserve goals for inflation & Monthly timeframe 2:15 Weekly timefraem 3:17 Daily timeframe 5:09 4hr timeframe 9:45 Careful with CPi, it can move hard! 10:00 1hr timeframe The time has come for August CPI and it's also a special occasion🦁. This is the first report in over a year in which inflation is expected to increase in the CPI Y/Y. Looking back into history, it is shown that inflation doesn't come down in a linear fashion. This signals that the fed will have to hold interest rates higher for longer to reign in spending. The federal reserves goal is to achieve a 2.0% CPI Y/Y . The CPI Y/Y is expected to increase from 3.0% Y/Y to 3.3% Y/Y. If the CPI is less than 3.0% Y/Y like 2.9% for example then we can observe the fed moving closer to it's goal and should see risk on assets be favored and consequently safe haven assets like the USD decrease in value. Thus, pumping up EU towards 1.108 Daily resistance zone. I like this since the price has been doing what I thought it would do all week and is moving as accordingly for my analysis. With all this said, I could be wrong as we may see inflation not only increase, but increase more than expected thus seeing a price dump on EU towards 1.09 weekly support level. Only trade with money you can afford to lose and Tbh I didn't trade news for the first 2 years. I sat on the sidelines and there is nothing wrong with that. See you in the next vidoe and thanks for reading this far!
Long
by ShrewdCatfx
Ranging as we await ⏳ [CPI] VolatilityHello everyone welcome back to another video. Not expecting much prior to CPI on thursday! 0:0 Monthly timeframe 1:18 Weekly timeframe 3:32 Daily timeframe 6:15 4hr timeframe 8:05 1hr timeframe Just ranging until then between our Daily resistance level 1.1008 and 1.093 Daily support level, in which we bounced off of today and I was taking buys, unfortunately to no avail. You can be right abut the direction but still lose. That's the tough part of trading and it can be frustrating but risk management and a focus on trading psychology always come first to protect much valued capital. Price in the meantime may pop it's head up to 1.0986 1hr resistance zone or push back to the highs of our range. I am favoring an increase on EURUSD with CPI data on thursday and would prefer to see EURUSD hold to the lows of structure around 1.0951 1hr zone and 1.0937 daily support zone while gathering sell side liquidity prior to a launch with CPI back towards 1.108 Daily resistance level. I will not be closed off to longs if we are back at the highs of structure though prior to CPI.
Long
by ShrewdCatfx
1
Return to the lows prior to Inflation data 🧐Thanks for reading this! Really enjoy doing these vidoes. 0:0 Monthly timeframe 1:33 Daily timeframe 3:42 Daily timeframe 7:12 4hr timeframe 9:22 1hr timeframe 3:35 Bias My Idea for for this week : with our quite, no news market conditions through the first 3 daily candles of the week, I can observe a decrease towards 1.09373 Daily support level or a tap into 1.09 weekly support. When U.S. Dollar CPI arrives on thursday, and it is expected to increase, I can visualize a blast off in favor of the EUR. Now, increasing inflation is technically not good for the USD and the federal reserves goals. The market often doesn't do what it's supposed to do. I'm favoring this idea. The opposite would be an increase to the highs of our range near 1.10236 weekly level and 1.1036 4hr resistance zone prior to CPI.. and then a consequential dump in favor of the USD. Either way we must remain flexible with our bias and let the market lead.
Short
by ShrewdCatfx