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Eurodollar

📰 Bloody Momentum after the NFP Fakeout @ 1.0918We didn't do much waiting around to begin the week. We dropped a large sum and closed quite the large engulfing candle on the 4Hr Timeframe. Yes, In this instance I am aware that we have arrived at a Daily zone 1.08445. However We spent a good chunk of time collecting orders around 1.093. Jumping above and back below. We had NFP data released recently and now we are trading the momentum move that comes along with it. Momentum is a fierce blade, sharp enough to pierce the torso of a mammoth. But it's also possible that just as we did last week, price dropped a ball to begin the week. Then pulled it's pants up and soared upwards. Positive sentiment in stock market etc. The Near term prices I like are listed as 1.08445. If we bounce hard off daily level we are headed back to weekly level at 1.0868. That would be where I would give up bearish bias 1.0868. More Analysis: Last week I was looking for a retest of 1.0868 but we got it this week and actually went to do a deeper pullback to 1.083 It looks like. A lag but not too much of a lag for this short term analysis. I can be profitable with a lag because just wait until the next sessions and manage risk tight to protect profits when it is necessary.
Short
by ShrewdCatfx
The fall of the EURO with a 🗻Double Top🗻 pattern!!!It seems that according to the regular divergence(rd-) between the two peaks created in the 🔴resistance zone🔴, the possibility of creating a Double Top pattern after the breaking of the uptrend line is very high. Since the DXY analysis is bullish, the probability of the euro falling after breaking the neckline of the Double Top pattern to the 🟢support zone🟢 is high. The Double Top pattern is likely of the Adam-Adam type, which has many credibilities. DXY analyze👇 🔅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
10
Opportunity to jump on the Train or get ready for Sell side? 🕛We have corrected the GDP volatility and continuation at 530PST. However, We have pulled back to a 1Hr/4Hr zone at 1.0895 and this woulnd't be a bad place to jump on the bullish train. I'm just watching for the rest of the day. I jumped off the train already with Buys. With all this said, we have increased 145 pips on the week. Wouldn't be surprised if Price drops from these prices tbh back to 1.0854 Daily Zone. We'll see what happens as we move into CPI data tomorrow. Safe trading. Not Financial Advice. Just education.
Short
by ShrewdCatfx