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Eurusd-4

EURUSD 6/10/24Starting off the week with euro to the US dollar. I bearish bias came into play as we thought it might. we now have a longer term bearish outlook for this pair. We swept all of the liquidity that was based on the lower end of price action except for the low that we have marked which is relatively close to current price We have an area of supply to watch if we pull back to go lower. We also have a liquid high that's seated above that point. So take into consideration that we may break through the short term trajectory that we have made. this can give us a higher pullback to the upper higher time frame water block if this happens we are still expecting a short main bias here is for the area of supply to be tapped into in price action to sell to the low that we have marked. Trade safe, stick to your plan and your risk.
by rosshayes
Bitcoin Weekly Analysis : Bull or Bear? Let's See (READ CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the current price is around $62,640. We observed that after dropping to $60,000 due to the ongoing conflict between Iran and Israel, the price was met with strong demand and, as mentioned earlier, has rebounded 4% to the current level. If the conflict continues, there is a high probability that Bitcoin will See target levels below $60,000 and even $52,000. Therefore, keep in mind that the most crucial support level for Bitcoin at the moment is between $60,000 and $60,200. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
4
Daily analyzes of EURUSD - Dollar regains lost positionsAmong the important fundamentals from Monday is Factory Orders for the month of August in Germany from 8am GMT. It is very likely that we will see another contraction that will negatively affect the Euro. In general, the industry in Germany has started to shrink and there are no chances for growth. The other important news is related to retail sales in the Eurozone at 11am GMT. Although we expect levels around zero or very little growth in retail sales. Among the world events that affect the currency markets are the escalation of the conflict in the Middle East, where mainly the Euro may suffer due to disrupted supplies of both goods and fuels. Overall, the Dollar will be in a stronger position this week and we at World-Signals.com expect the Dollar to strengthen against the Euro. In the last week, the Dollar has taken about 200 pips on the Euro. In retrospect, the Dollar had 3 losing weeks, and only in the last one did it regain some of the lost positions. Use the 1.1010 levels to open short positions with a 6-8 business day closing target.
Short
by World-Signals
GBP/USD : First Long, Then SHORT! (READ THE CAPTION)By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price has dropped more than 200 pips since last week up until now, finally reaching the demand level we had marked on the chart. After reaching the 1.30720 demand level, the price encountered strong demand pressure, rising over 60 pips and ultimately closing at 1.31132 . The total return of this analysis so far has been over 260 pips . It is likely that after an initial upward movement, we will see further price correction. The Main Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
4
WEEKLY FOREX FORECAST SEPT 7-11th: EURUSD EURUSD is at an OTE level currently, and may find support for higher prices. I am on the lookout for BUY setups, as I do not want to take shorts in this market until prices breaks below 1.0940. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6E1!Long
by RT_Money
1
EURUSD Expected Growth! BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0971 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1027 Recommended Stop Loss - 1.0935 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURO - Price can reach resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price rose to $1.1135 level, which coincided with the resistance level, and at once bounced down. Price fell to $1.1005 level and then started to grow inside wedge, where it in a short time reached $1.1135 level. After this, price some time traded between this level, until it finally broke it and then rose higher than resistance zone. But then, EUR turned around and made strong downward impulse, thereby exiting from wedge and breaking $1.1135 and $1.1005 level. Also, price little fell more, but recently it turned around and started to grow, so, I think it can reach resistance area. Then Euro can bounce from resistance zone and start to decline to $1.0900 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
Become a TOP 1% Trader 🔸🔸What it takes to become TOP 1% Trader? Everybody wants to succeed in the trading game, but what's the actual formula? 🔸🔸What can we learn from the most successful global hedge fund Renaissance Technologies? How did the Japanese legendary trader Takashi Kotegawa become a TOP 1% Trader? Rules of life of undefeated savage Japanese samurai Miyamoto Musashi. 🔸🔸RetTec flaship fund got 40% CAGR over a period of 30+ years, which is an exceptional trackrecord in the industry. RenTec utilizes HFT trading and uses multiple quantitative / statistical / data science models to gain an edge over the market. RenTec is one of the most secretive hedge funds in the industry, however it's clear that the fund relies on algo trading to generate it's exceptional returns. 🔸Complex Models: Renaissance's models are built upon intricate mathematical models and statistical analysis that leverage massive datasets. 🔸High-Frequency Trading: The firm executes trades at breathtaking speeds, taking advantage of fleeting market inefficiencies. Key takeaways from RenTec success 1) Use algo trading / HFT trading to gain an edge over the market 2) Use data science / quant models to identify patterns 3) Use proper risk management for capital protection 4) Do not overleverage / use leverage over x20 🔸🔸Takashi Kotegawa is a legendary Japanese trader who turned initial investment of 13 000 USD into 150 mln USD trading Japanese stock market. 🔸🔸Risk Control: His approach to managing risk ensures that trades are executed within safe limits, without jeopardizing overall financial stability. 🔸🔸Seizing Opportunities: Kotegawa's ability to swiftly identify and act on market inefficiencies underscores the importance of vigilance and quick decision-making in trading. 🔸🔸Takashi Kotegawa keeps himself out of the spotlight and gives virtually no interviews. That's one of the reasons why we don't know much about him and there are only a few pictures available on the internet. Key takeaways from Takashi Kotegawa's success 1) Disciplined approach to trading 2) Enter / exit trades and make fast decisions 3) Grind alone and stay out of spotlight 4) Remain humble do not show off keep low profile 🔸🔸The majority of the Japanese people know Musashi Miyamoto as Japan's most famous and most skilled swordsman. His status among the Japanese has reached mythic proportions in the same measure that Westerners would give to Muhammad Ali or Michael Jordan. The life of Musashi is the gold standard of samurai in Japan. 🔸🔸Musashi's introverted nature, which manifests as a preference for being alone or engaging in solitary activities, allows him to focus on his own thoughts and ideas. He is particularly skilled at problem-solving, often finding unique and unconventional solutions that others may not think of. 🔸🔸Musashi's approach to winning was formed from repetitive disciplined training, focused practice, knowing his opponent and unorthodoxy. Key takeaways from Miyamoto Musashi success 1) Grind alone and become savage 2) Develop your own strategy unlike any other 3) Outsmart your competition always stay sharp 4) Become ghost and lead a low profile life 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
18
CHFJPY - Easy 1000pip Trade.. Atleast!Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline! We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch! Trade Idea: - Watch for reversal within the fibs - Entry on break of trendline or you can use lower timeframe BOS or other methods - once entered, put stops above price - Target the recent lows as first target (165.5 (1000pips) - Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping. What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
1
EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing.... On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support. EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089. Resistance levels: 1.11, 1.1125, 1.115 Support levels: 1.107, 1.104, 1.100 ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2
How much money can you make in Forex?🔸Consistentcy is the key - top professional traders aim to generate 20-30% returns / per month, obviously depends on account size, risk tolerance, max DD, std lots exposure and multiple other factors. 🔸Depends on your trading style and risk profile, obviously. Currently algo traders / full-auto systems generate the best returns. 🔸Forex trading bots are automated software programs that generate trading signals. Most of these robots are built with MetaTrader, PineScrips, Python and cAlgo. 🔸High-risk compounding strategy: Assuming you can double your cash multiple times in succession and start with 1,000 dollars, the 10th time, you would be a millionaire. It implies that assuming you contribute $ 1,000 and double, you contribute $ 2,000 and double, then, at that point, you do it from time to time, you will be a millionaire when you double your money the 10th time. 🔸Lower-risk strategy: risking no more than 1-5% per trade, limiting your exposure via trailing SL strategy or adjust SL to BE as soon as the trade generates decent pnl 🔸If you want to separate yourself from the 90% (probably closer to 95% in my opinion) of traders who lose money consistently, you have to think differently. 🔸Most Forex traders overtrade and overleverage their accounts in an attempt to make 50%-100% profit or more every month. 🔸So to be in the top 5% to 10% of traders, you have to do the opposite. You have to put more focus on how much money you could lose rather than how much you can make. 🔸A higher win rate gives you more risk/reward flexibility, and a high risk/reward ratio means that your win rate can be lower and still stay profitable. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
Education
by ProjectSyndicate
15
EUR/USD Faces Downside as Powell's Hawkish Remarks Boost USDThe EUR/USD pair remains under pressure as Fed Chair Jerome Powell's hawkish remarks on Monday continue to support the US Dollar (USD), capping any significant upside potential for the Euro (EUR). Powell’s stance suggests that the Federal Reserve is still focused on curbing inflation, which has strengthened the USD and weighed on the major pair. At the same time, expectations for more rate cuts by the European Central Bank (ECB) have contributed to keeping a lid on the EUR/USD. This comes ahead of key economic data releases, particularly the flash Eurozone Consumer Price Index (CPI) for September. The pair, as predicted last week, is currently trading within a supply area, with price action forming a double top pattern. According to the Commitment of Traders (COT) report, retail traders remain extremely bullish on the Euro, while larger institutional players are more cautious, signaling potential downside risks. The flash CPI report, due later today, is expected to show that inflation in the Eurozone likely fell below the ECB’s 2% target in September. This follows a notable drop in Germany’s CPI to its lowest level since February 2021, which reinforces expectations for a 25 basis point rate cut at the ECB’s next policy meeting in October. A softer CPI print would likely reaffirm these rate cut bets, applying further downward pressure on the Euro. However, even if the CPI reading comes in higher than expected, the market reaction could be muted. The modest strength of the USD, supported by Powell's comments and the overall hawkish stance of the Fed, suggests that EUR/USD may struggle to gain upward momentum. The path of least resistance for the pair remains to the downside, as the technical setup points to a potential bearish continuation. In conclusion, with the EUR/USD pair trading in a supply area and forming a double top, coupled with a cautious outlook from institutional traders, the risk of a bearish continuation looms large. Key economic data, including the Eurozone CPI, will be closely watched today, but the fundamental backdrop remains in favor of the USD, keeping pressure on the pair. Traders should remain alert to further downside movement, especially if the ECB rate cut expectations solidify. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
5