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Eurusdanalysis

DeGRAM | EURUSD retracement expectedEURUSD is approaching the major psychological level at 1.13000 by completing the AB=CD pattern. The market is near the fibonacci extension levels and channel border. We had 6 consecutive bullish days, and we should see some retracement because the market can't go up in a straight line. We expect a bearish move; all confluences tell us that price could make a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
DeGRAM | EURUSD short term correctionEURUSD is decelerating while approaching the resistance level. If price action prints a double top, the market might retrace from this level. On the 4-hourly timeframe, the market is in overbought territory. We anticipate a short-term bearish move; all confluences indicate that the price may pullback. It is going to be a structure-based trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
3
Seizing Short-Term Selling Opportunity After Key Level Breakout?"We have broken out of the 1.11 level, with the price showing signs of being excessively overbought on the lower timeframes. As we approach the weekly swing high from 2022 at 1.118, we can anticipate a short-term retracement below 1.11. Therefore, I am currently seeking a short-term selling opportunity, watching for signals on my TRFX indicator above 1.115. My target for this trade is 1.106, which was previously a resistance level and is now expected to act as support. In the long term, there is a possibility of the price moving higher. However, considering the overbought conditions and the price nearing a weekly swing high, we can anticipate some short-term resistance. Once the signal is confirmed, I will place the stop loss above the 2022 swing high. As the trade progresses, I will adjust the stop loss to the entry price." Please note that trading decisions should be made based on thorough analysis and understanding of the market.
Short
by TheFxAce
13
EURUSD 10RR LONG ANALYSISThe past two days have been wonderful personally, having caught a 14RR move on Monday and now catching a 10RR move on Tuesday. EURUSD has been long for a couple of months and all I have done is to wait for bearish retracements and look to position myself into longs to continue its bullish push. This trade is a product of patience and understanding, you can see all my previous posts to see how my bias has remained unchanged and my thought process has been consistent.
Long
by udonahi
DeGRAM | EURUSD price above the psychological zoneEURUSD rebounded from the support level by breaking previous highs. The market is trading in the ascending channel. It closed above the psychological level at 1.1000. Price created fibonacci inversion at the border of the channel. We expect a double bottom formation or false break at support to confirm that bears have run out of steam. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1