Eurodollar
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!
EUR/USD -19/01/2023-• Daily EURO/DOLLAR chart, zooming out back to 2021, where the 1.5 year downtrend started
• Short term, trend is bullish, higher highs higher lows
• Rising wedge forming, a bearish reversal pattern
• Resistance levels becoming support levels, a clear sign of an uptrend
• However, looking at the big picture changes the outlook a little bit
• Drew Fibonacci retracement levels 50% and 61.8% of the long term downtrend
• 50% level is around 1.09 and 61.8% is around 1.1225
• Bulls are now fighting to break the 50% level, without success till now
• Last area of defense for the bears is the 61.8% critical correction level
• If 1.1225 level stays intact, the pair will resume the long term downtrend
• Only if bulls manage to break the above level, we can safely say that the long term trend reversed and we are in a bullish market
Simple Trading. So I'm a simple guy with a very simple idea.
Price moves between areas of volume. As an example over head supply is very important to my views of markets.
It is very easy to spot as you can look at higher time frames such as Weekly and Monthly. Then look at where it moves up and down through time. In the image below I show a black line to show where overhead supply starts on Euro Dollar at the time of writing (18/1/23).
At these points I simply look for the market to create more ovehead supply. Which looks like break of trend.
AW Euro Dollar Analysis - Long Trade If You Dare...I don't really recommend this long trade due to the choppy nature of the expected prices action.
In saying that no one ever knows what these markets are capable of.
If you really want to know why I say that, then I suggest you check out the video in related ideas, it explains everything.
There is a fair chance that this could get you into the larger move to the upside that's coming but that's at your own risk.
Sometimes it's better to trade one move first and then wait for a proper entry.
Aggressive Entry Point: At the open, at market price.
Safe Entry point with less reward: 1.08652
End of Wave iii target: 1.10152.
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.
AW Euro Dollar Analysis - It's Time to Get Serious...Using the conclusions from all of the analysis from the past week, it's time to understand what is happening at the smaller degree.
I have been wanting to post a Euro idea so badly in recent times, but I felt like I couldn't do it justice until now.
So here we are, and I have a really in-depth video about what the waves are doing here.
I have carefully sifted and sorted through all the possibilities in order to make this video awesome.
In a nutshell, we are long the euro from current levels but in order to trade Wave 5 of Wave E you will need to stay tuned.
We are currently in Wave (C) of a Wave 3 zig-zag for Wave E which is the last wave in this Wave 2 correction to the upside.
Try and say that fast 10 times.
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 Daily Chart Analysis For Week of January 13, 2023Technical Analysis and Outlook:
The euro-dollar has bounced strongly from Mean Sup 1.052 as specified EUR/USD Daily Chart Analysis for January 6. The prevailing up path to the newly created Mean Res $1.070 and Key Res $1.078 is completed with the eye towards Outer Currency Rally 1.1100. However, be aware that this puppy is in the process of breaking downwards to newly formed Mean Sup $1.070 to reignite upward action as specified above.
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/13/2023)!!!🌊First, I think you should take a look at the January 11th post to get a better perspective on today's analysis.👇
As I expected the Euro /U.S.Dollar to rise to the resistance zone and complete the end of the main wave 5, now I expect the Euro /U.S.Dollar to decline at least to the end of the main wave 4 and EMA 50 (Daily TF).
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.