EUR/JPY Bearish Reversal Setup Double-Top RejectionThe chart indicates a potential bearish reversal setup following the rejection from a key resistance zone. The presence of bearish signals, such as the double-top formation and a break of structure (BOS), aligns with the bearish outlook on the higher timeframes (4H and 1D). The trade setup highlights multiple profit levels, emphasizing a controlled risk-to-reward strategy.
Key Observations
1. Resistance Zone: Price has been rejected at 165.304, forming a potential double-top pattern.
2. Break of Structure (BOS): A bearish signal confirming downside pressure.
3. Entry Zone: The short trade is initiated near 164.229, just below the resistance.
4. Stop-Loss: Positioned at 165.304, above the rejection zone, ensuring limited risk.
5. Take-Profit Levels:
First target: 163.955.
Second target: 163.154.
Final target: 162.080, aligning with a significant support area.
Strategic Implications
Bearish Confirmation: Watch for sustained bearish momentum below the BOS level to validate the setup.
Risk Management: Maintain a tight stop-loss at 165.304 to avoid excessive losses.
Profit Targets: Consider partial profit-taking at intermediate levels for secure gains.
This setup aligns well with the bearish structure on the higher timeframes. However, traders should remain cautious of potential reversals if the price fails to maintain momentum below the entry zone.
Eurshort
EUR/USD Shorts from 1.03600 back down?My analysis for EUR/USD (EU) this week closely mirrors my expectations for GBP/USD (GU), as both pairs share similar points of interest (POIs). I’ll be focusing on capitalizing on the bearish trend evident in the formation of lower lows and lower highs.
With the recent break of structure to the downside, new supply zones have been created. I’ll be waiting for a retest of these zones to catch sell opportunities in alignment with the overall trend. Once the price sweeps liquidity and forms a clear schematic, I’ll enter sell trades targeting the demand zone below.
Confluences for EU Sells:
- The price has shown a Change of Character (CHOCH) and multiple Breaks of Structure (BOS) to the downside.
- A few unmitigated supply zones remain, which are likely to be tapped.
- Lots of liquidity below, alongside imbalances that need to be filled.
- The Dollar Index (DXY) is bullish, strengthening the bearish case for EU through correlation.
Note: If the price continues dropping, I’ll wait for a new supply zone to form or look for counter-trend buy opportunities from a valid demand zone.
NEW IDEA FOR EURUSD on declines NEW IDEA FOR EURUSD on declines
The EUR/USD currency pair is in a downtrend on the 4-hour timeframe and is currently oscillating between two key support and resistance levels.
Key levels:
1.0449 Resistance:
This level acts as a short-term ceiling to prevent further price gains. If this level is not broken, selling pressure could reinforce the downtrend.
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EURUSD 4H waiting for breakdown and confirmation for growthEURUSD 4H waiting for breakdown and confirmation for growth
Key Points of Analysis:
Expected upward movement: The price may continue to rise after the breakdown of the trend line. Confirmation will be the price holding above this line and the demand zones.
Key targets:
1.0436: First resistance zone expected to be reached if the upside continues.
1.0492 and 1.0553: Next target resistance zones.
Risks: If the price returns under the demand zone (1.0380-1.0404), the upside scenario could be canceled and the price could fall again.
Forecast
With current expectations and if the trend breakout is confirmed, a rise to 1.0436 levels and then to 1.0492 and 1.0553 is likely.
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EURUSD ShortCurrently short on EU
Reasons:
- Downwards trend
- COT traders overwhelmingly bearish on EUR
- Political instability in Europe
- Bad economic news in Europe
- ECB president "highlighted that euro area economic growth is expected to weaken in the coming months"
- US expected to also cut rates, but looks a lot stronger economically compared to most of the world right now
#EurusdAbove this critical EUR/USD level, the probability of a bullish breakout significantly increases. However, markets can be unpredictable, and external factors can always influence price movements. While the technical indicators may align in favor of a long position, it's essential to conduct thorough analysis and manage your trades wisely. Proceed with caution, and remember that every trade carries inherent risks—trade responsibly!
EUR/USD short from 1.05993With the extreme bullish price movement on the dollar and the continual downtrend on the HTF of the Euro we can expect price to continue in its downward move.
I can expect to see market open and Asian session consolidation before price pushes up taking the Asian session liquidity and reacting from my LTF zone to continue in its downtrend. This is further supported by the fact we see a large wick to the upside before seeing a strong bearish candle suggesting price strength is to the downside.
It is also possible price could push up slightly further as we are beginning to see some HH and HL forming on the LTF signifying a retracement to collect more liquidity before price continues in its downtrend from a 6H supply above.
EURUSD trade setup battle:-Today Euro made 3 months low with also break previous low and holding side . There we can setup a loss free trade setup ::-
Euro have strong support levels @ 1.06000 .
So we have to build buy and sell both position at this time :-
First we have to buy and sell on same strike price with same quantity and hold for target 1.06000 $ than we exit from sell side we get our target and hold buy position for target 🎯 1.08000 level.
Stay tuned with me for more updates and follow me.
EUR/USD Crash????We can a clear downtrend forming with pairs like the euro and the pound that go against the dollar. The Euro has shown clear signs of bearish downfall through the vast number of bos to the downside and the vast amount of liquidity below that needs to be taken.
In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below.
In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
EUR/USD FACING SELLING PRESSURE. $DXY MULTIPLE PIVOTS POINTSGood morning everyone.
Going to try to keep this short and sweet.
DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987.
EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07.
Going into this selloff, we were in a bearish symmetrical triangle.
Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum.
Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under.
The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning.
Rising 10-year yield is also support the greenback.
BOJ is not looking to hike rates this week.
Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week.
Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut.
Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY.
Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
EURUSD Multi Timeframe Analysis 28.10.202415m Swing and Internal Bearish
Currently prizing in the slightly mitigated 4H demand zone so we might see a bullish reaction from here BUT almost everything bearish so sells are more probable. Ideally wait price to mitigate prime supply zones to look for sells
Euro got no backboneGuess what... I believe the EURUSD pair is ready for a sell. My decisions to enter a trade are primarily based on my intuitive assessment of the market. While I do rely on certain patterns that have proven effective for me, the actual execution of a trade is often based on a gut feeling—whether or not I like what I see at that moment. However, this particular setup has got me thinking on a more macro level. In my opinion, the USD is on its way to strengthening. With stocks and cryptocurrencies currently trading at such high valuations, I anticipate that a sell-off in these assets could increase USD volume as people take profits and hold cash. I also see potential in buying other USD pairs. I could be wrong, but the EURUSD pair fortunately offers a positive swap fee for sellers, and I’m in no rush—I have plenty of time to see how this plays out.
EUR/USD Shorts from 1.09600 back down This week’s EUR/USD (EU) outlook is quite similar to my GU analysis, with the market continuing its bearish trend. I’ll be waiting for price to retrace back to the 16-hour supply zone, where I’ll look for entry opportunities on the lower time frames.
My target will be around the demand zone I've marked, which is near some liquidity. Depending on the confluences, I may consider a temporary counter-trend buy, but we’ll see which point of interest (POI) price reacts to first.
Confluences for EU Sells:
Structure Break: Price has broken to the downside, leaving a clear supply zone.
Bearish Market Structure: Overall market structure remains bearish, supporting this pro-trend idea.
Bullish DXY: The dollar (DXY) is gaining strength again, increasing the likelihood of stronger bearish pressure on EU.
Liquidity: Significant downside liquidity in the form of swing lows and engineered liquidity.
P.S. If price breaks through my supply zone and fills the imbalance above, I’ll shift my focus to the 15-hour supply zone to evaluate further sell opportunities.
Double Top Pattern on EURUSD - Trendline BreakdownHello,
EURUSD broke down the rising trendline from the previous analytics. This was to be expected because rising trendlines usually break down over time. The double top pattern on the chart, along with a weak second top on the MACD, casts a bearish shadow onto the chart. Right now isn't optimal to enter shorts, but for educational purposes, you can see the two shorts I opened on the chart.
Regards,
Ely
Eurusd signal In the near term, and according to the 4-hour chart, the risk skews to the downside. A bearish 20 SMA acts as dynamic intraday resistance, now at around 1.0970. Technical indicators, in the meantime, lack directional strength but remain within negative levels, in line with another leg south. Finally, the 100 and 200 SMAs turned south far above the current level, reflecting persistent selling interest
Confirm eurusd signal
Follow my chart
EURGBP Short - Do You Even Check Fundamentals?I'd like to see at least one wick of a major past price point on the htf which will reset the longs before any potential up movement. In general, fundamental wise, I literally have no idea why people long EURGBP while its obvious that EUR will further decrease its rates while GBP stays at it.
EURGBP ASCENDING TRIANGLE TRADERight then, can see we have come to a major level of significant resistance and we are seeing bearish pressure as a reaction to it (has been of significance for a while so other people will look to trade this level aswell). If i see alot of bearish pressure i will be entering as other traders will do the same and bring down price in favour
EUR/USD possible short from 1.12000My analysis for EUR/USD (EU) this week is similar to GBP/USD (GU). The pair has been very bullish and is now approaching key supply areas where I will be looking to sell short-term, just until price reaches another valid demand level. From there, I plan to buy back up, expecting it to create a new leg to the upside.
If price breaks through the 20-hour supply zone, there's a 16-hour supply zone just above it that looks more promising, as it's in a premium area. With the news events this week looking favorable and few major risks ("red folders"), Monday might see price slow down and form a distribution pattern.
Confluences for EU Sells:
- Price has been very bullish, so a retracement is needed to sustain the upward movement.
- Recent price action has been very parabolic, resulting in unhealthy market behavior.
- There are imbalances and liquidity below that need to be filled.
- The 20-hour supply zone presents a potential opportunity for short trades.
P.S. If price melts from this zone, I'll look for an Asia high sweep followed by my usual setup. I expect price to fill the imbalance below and tap into my demand area.