Eurusdbuy
Interday LongKing W. Harbmayg's Journal Entry #4
Review: Price has entered into the low of the previous week and fifty pips below the 100 pip box. This position will be one of two I have planned. I wish to add size once North America session provides proper evidence for such a maneuver, and if not then I will leave the single position as is.
Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
EUR/USD Testing Downtrend ChannelThe EURUSD is currently moving within a local downtrend channel and has almost reached the lower edge of the channel and the support level of 1.05900. After a potential reversal price action, it is expected that the price will rise again to test the upper edge of the downtrend channel before continuing its downward movement.
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Is EUR/USD set to reclaim 1.0800?On Friday the euro tried (but failed) to close below the ‘pandemic low’, instead closing the day with a bullish hammer candle. It also closed back above the 50-day EMA and has continued to hold above it during Asian trade. Given the fact the US is on a public holiday and data is light, we see the potential for range trading – which means bulls may be tempted to enter around the range lows and see if it can get back up to 1.800.
EURUSD Short-Term Bullish AnalysisClick on Boost (like) to support these free analyses
This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
ArmanShabanTrading |🔵 EUR/USD : Bull or Bear ? READ THE CAPTIONThe possible trend of Euro / U.S. Dollar is drawn on the chart and all the important supply and demand zones (Order Blocks and Breaker Blocks) are also marked on the chart! (pay special attention to the prices marked on the chart)
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👤 Arman Shaban : @ArmanShabanTrading
📅 02.08.2023
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EURUSD Long setupGoodmorning traders,
Im looking for potential longs on EURUSD after the Break on a Bearish structure.
Price also found support on higher timeframe Bullish trend and made a SWL on the 4H timeframe.
Daily SWL could be forming today.
Keep in Mind that price is now rejecting a Bearish trendline.
For me still enough probability that Longs could work.
If you dont wanna take that risk you can wait for price to gain the downtrend,
and then look for bullish structure if price didt grab the Liquidity above yet.
Market maker model could be in play.
For me under the bullish push made now, Are resting the high probabilty longs.
As the market can liquidate the equal lows and retail placing there longs and Stoplosses on the recent bullish push.
This can offer the Smart Money liquidity.
If price holds more above and breaks more bearish structures i will be looking for Longs more above.
Only on Key timings.
Im keeping in mind that price could also continue the downtrend and my analyses could have the wrong bias on the overall market.
Taking 0.5% instead of 1%.
No financial advice.
Have a great day.
Dave