EURUSD ShortI’m looking to short this pair anywhere between 1.09-1.10. Realistically I’ll scale in as the price rises. If the price rises.
The recent price moves seem weak to me. The fact that it’s moving within a rudimentary ascending triangle in conjunction with a volume drop off is quite telling. Divergence between the price and indicators is quite stark and all this is just ahead of the big 1.10.
As such, and with the assumption there are no severe shocks in the fundamental data coming out, I’m looking to sell this pair.
Trade is active and I’ll be scaling in if the price rises; unless the fundamental picture changes considerably.
As always, this is not a full analysis or breakdown, just a brief summary. Moreover, this is just my opinion and you should only enter a trade if your analysis favours the outcome. Opinions are just like ar5e holes, everyone’s got one and they most produce sh1t so trade with caution:)
Eurodollar
AW Euro Dollar Analysis - Let's Clear Up The Euro Pattern...In this video I explain the slight changes in the wave count since last week.
Without AriasWave it would be near impossible to get it right.
From Here on out I can only see this move getting easier to read.
The reason I find it important to know as much as possible about what we see here is because of Cryptos.
The Euro is a gauge for when markets will inevitably finish their current corrections.
In reality there isn't much time left but at least we know it won't be next week or possibly even next month.
We could be looking at April, May, or June. Or later, depends.
Whatever the outcome, I will be keep tabs on this market along with XLM and XRP the whole way through.
In the meantime, it doesn't hurt to get on the AW team and learn the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
EUR/USD Daily Chart Analysis For Week of February 3, 2023Technical Analysis and Outlook:
The Eurodollar pivoted from completing our newly created Mean Res 1.099 and is returning to the crime scene of Mean Sup 1.078 with possible additional downward movement to Mean Sup 1.070 - dead cat rebound is expected.
AW Euro Dollar - Short Trade Ahead of the NFPs...Don't worry about the target yet, let's see it this idea holds.
Price needs to stay below resistance in order for the Wave C down idea to prevail.
Stop: 1.09140
Target: TBA
Check out the video for this analysis below in related ideas.
Understanding the waves is more important than knowing that news causes volatility.
I guess we will find out if this is true shortly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
P2P | Backtesting - EURO/USDWelcome ladies and gents to another backtesting segment! In this clip I wanted to show more of the knowledge I've been learning through ICT and how effective its been.
Here in this video I'm (doing my best) to go over trades, time of day, price action, and why I did or didn't take the trade.
(Note: these are just backtest trade concepts, I did not actually take the trades)
I'm usually looking to scalp the markets because I tend to be somewhat impatient but after I started getting more followers asking about certain pairs (that I didn't trade) I felt it was necessary to develop more of my weakness toward swing trading.
I don't necessarily have a weakness in trading, it's more of what I'm comfortable trading.
So here's a bit of insight to what I was seeing and some of the knowledge I picked up from a few ICT videos.
As always gang, happy trading, trade well, and lets run it up from 2023 til infinity!
You can help continue to grow the page by liking and following the channel, and if you get any value from this to boost it too!
DISCLAIMER
***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
AW Euro Dollar Analysis - Looking For Wave 2 To Begin...Similar to what is happening in the Aussie dollar it looks like we are preparing a new bull market in the Euro.
Expected end to this trend will be at around $2.30.
In order to prepare that we need to for a base within Wave 2 after seeing what appears to be a completed 5-Wave move.
That means that it is still early days, and we will be able trade within this corrective structure during that time.
Now it will be all about understanding where each wave begins and where each wave ends in order to generate some profits.
Check out the bigger picture analysis below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
EUR/USD Daily Chart Analysis For Week of January 27, 2023Technical Analysis and Outlook:
The currency pivoted about our newly created Key Res 1.091 and is heading down to Mean Sup 1.078 with possible additional buster energy to Mean Sup 1.070 before reigniting upward action to the Outer Currency Rally $1.110 in the near future.
AW Euro & Aussie Dollar Analysis - This Changes Everything...In 2023 I will leave no stone unturned and if I am wrong, I will be the first to admit it.
When it comes to my previous ideas about the bigger picture, I was completely wrong.
In this video I explain my views of the bigger picture and what I believe is coming next for the Euro and Aussie Dollar.
I think it comes down to being able to switch between small and large degree analysis seamlessly.
All I had to do was look again at these long-term patterns and everything suddenly cleared up.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Euro Dollar Long Trade Buy Setup Chart...Check out the explanation for this chart in the video linked below.
The expected risk\reward ratio at a minimum is 18:1
Entry: 1.09297.
Stop: 1.08518.
Target: 1.23436.
Things that invalidate this idea include: Price breaking support before the entry level is reached or if entry is reached and price reverts and breaks support.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Euro Dollar Analysis - Looks Like Wave 3 is About to Begin...In this Euro update the waves have made themselves pretty clear in that we could be about to breakout higher.
These shallow corrections consolidating at the highs conform with Wave 3 price action.
Would not be surprised if we start to move up with extreme force in the coming days.
Regardless of the waves all I see here is continuous higher highs and good reasons to consider long positions.
The line in the sand for this view would have us placing a stop at 1.08742.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
EUR/USD Trade IdeaToday (24/01/2023) we saw E/U retrace ~70% of yesterday's range with a large institutional sponsored move to the upside during the London close. Looking at daily objectives for this pair, they have not yet been met so I expect bullish E/U. We may see swing to the upside during London Open to take Asia highs then a drop retracing ~70% of yesterday's low before going higher and possibly taking out the major high.
EURUSD - 23rd January 2023There is 4H MacD Divergence and price is currently retesting the top of the range after the break out. There is an uptrend on the higher timeframes. Priice is showing signs of getting ready to drop and make a Higher Low, however we need to monitor if price re-enters the range or if it respects the top break-out, there is a chance it could push higher before selling.
AW Euro Dollar Analysis - The Wave E Idea Lives On...It appears that all that was required was patience...
Eventually it has led me to a fairly clear count that indicates further strengthening of the Euro versus the US Dollar.
The setup is becoming much clearer now that we have a 1-2 setup evolving for what appears to be the start of Wave 3.
After trying many combinations of labelling using AriasWave, I must admit, this count looks compelling.
We still have a little lower to fall here in order to lower the risk and before I post an official long idea based off this count.
The whole point of going through every possibility is the type of effort required to get to where we are now.
Planning and preparing for a decent swing trade based on some very clear wave structures.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
EURUSD shorthello trader..
the price is of euro is all depend on the strength of the USD dollar or DXY...
DXY is currently oversold and starting to make bullish moves...
there could be minor bearish move in dxy but that's about it
euro can drop to 0.84 if dxy is all time high
1.03 is initial target because indicators showing oversold...
good luck to everyone..
EUR/USD Daily Chart Analysis For Week of January 20, 2023The euro-dollar continuously stayed close to our newly created Key Res $1.086 this week and displaying a solid movement towards Outer Currency Rally $1.110 as specified in EUR/USD Daily Chart Analysis for December 30. However, be aware that this puppy is prone to breaking downwards to Mean Sup $1.078 and possibly $1.070 to reignite upward action Outer Currency Rally $1.110.
AW Euro Dollar Analysis - Could Wave C Have Just Completed?In this video I attempt to explain the recent choppiness we have seen in the Euro.
I recommend only trading these moves if you have good risk management and really understand what the waves are doing.
This video serves to help you prepare for what the next few weeks will bring.
Trading these next few moves could prove to be fairly profitable as bear market rallies can produce significant moves in less time.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
FESX1!: MACRO TO MICRO CORRECTIONS / TRAJECTORY / EUREX MARKETDESCRIPTION: In the chart above I have made my best attempt in attempting to provide a MACRO VISUAL AID for the current state of the EUROPEAN MARKET.
POINTS:
1. DEVIATION was estimated using highest point of 5500 POINTS & LOWEST POINT OF 2000. POINTS were summed and divided by 2 giving an average and same was done for all other SUPPORTS (WHITE LINES).
2. SUPPLY & DEMAND POCKETS were placed accordingly in regards to deviation and in respect to NATURAL CHANNEL MOMENTUM.
3. NOTICE HOW MACRO CORRECTIONS OCCURRED BEFORE 2009 WHILE MICRO CORRECTIONS TEND TO OCCUR IN A MORE CONSISTENT CHANNEL AFTER 2009.
4. RSI also agrees with PAST MASSIVE CORRECTIONS & ONGOING MICRO CORRECTIONS.
5. RSI PATTERN THAT IS FOUND TO BE AT LESS OF AN INCLINE EQUATES TO A MORE STABLE MARKET RALLY.
*IMPORTANT: IF CONSISTENT PATTERNS ARE ANYTHING TO GO BY RSI INCLINE INDICATES THAT CURRENT MARKET RALLY SHOULD END AT OR AROUND JANUARY 2024. DESPITE THIS CURRENT RSI IS OVERBOUGHT AND IS LOOKING TO RETEST.
SCENARIO: WITH CURRENT OVERBOUGHT RSI LEVELS AND A RECENT REJECTION OF 4188 POINT FUTURE PRICE ACTION CAN SEE SOME DOWNTREND WITHIN CURRENT CHANNEL BEFORE WE COME TO SEE A JUMP INTO HIGHER SUPPLY & DEMAND POCKET. WITH THIS SAID 3900 IS A CRUCIAL LEVEL TO HOLD IF WE DON'T WANT TO SEE HEAVY DOWNSIDE.
FULL CHART LINK: www.tradingview.com
EUREX:FESX1!