Eurusd daily analysisEuro is likely to touch the Range top. so I just look for buy positions because you can barely find sellers Yet. Every bottom is a buy opportunity foe me.
Eurusddaily
EU Daily ViewEU Liquidity taken out and we can expect buy momentum till extreme POI Mitigation. Once price mitigate the extreme POI and create any reversal indication then we can sell for longer term.
EURUSD Expected price reactionwe can see from the chart the price cant cross the higher low 3 area that mean there is sell pressure so depend on this price reaction i expect the price will continue dumping .
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Short Idea / EURUSD / 28th February 2024 I would like to see the H4 BISI traded to before going higher.
Price is in a premium of the Dealing Range
Price action is difficult at the moment as i can frame both sides of the market. Low probabilities conditions.
Strong EUR for EUR/USDBased on raw price action we can see that the EUR/USD pair wants to rise as least for the week. We have several indication of a bull market. I will list the important few, for me, that is.
First: We have past a previous Daily high and have broken that previous high with authority.
Second: We have been in an up trend on the 4H and 1H for the past 11 days (Including weekends).
Third: We have no reason to believe the weekly chart has gone bearish, it has made counter trend reversal but no crossing of the swing low. It has produced 2 bullish pin bar reversals at the weekly swing low.
My Bias is long. We have zero reason to believe the current uptrend is not in control of the market after breaking the most recent high.
Have a wonderful week, year, and life time of trading!
2R Short Idea / EURUSD / 23rd FEB 2024Asian Session:
- Bullish session.
- Small consolidation range.
- RELs at Asia’s low.
- Price consolidated between Asia’s high and EQ of the Asian range.
London Session:
- I would like to see Price perform a London Judas swing.
- The price is just below EQ of the DR.
- London opened at MOP with Asia’s consolidation.
- Price is currently at a discount of the PDR for shorts.
EUR BOSSEE THE CHART FOR STRUCTURE INFORMATION. we are seeing bullish move in eurusd. HH-Hl formation
EURUSD,🟢Will buy-side liquidity be taken?🟢(Details on caption)By examining the EURUSD daily chart, we can figure out that the price reached the bullish order block and had a bullish reaction and we can see the FVG which failed, and the daily candle closed above it so it now plays as a support for us.
In addition, the price formed a liquidity pool below the bearish order block, so we can expect the price to move higher to collect the liquidity above the previous high and hit the bearish order block.
I should mention that I am bullish on the EURUSD daily chart till one daily candle CLOSE below the inversion.
We can define targets as follows:
1.0806
1.0818
1.0845
💡Wait for the update!
🗓️19/02/2024
🔎 DYOR
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Long Trade Idea / EURUSD / 21st FEB 2024 - I want to see a bullish session targeting PDH.
- I believe this is manipulation under MOP
- London Judas swing.
PPI TRADE IDEA / EURUSD / 16th FEB 2024- I want to see a bullish session.
- PPI and Prelim Consumer Sentiment news this afternoon which may cause a volatile session.
- I want to see price target PDH, PWH and PML.
- I believe price will trade to a discount of London session before going higher.
CPI SHORT EURUSD / 13th Feb 2024 The directional bias was perfect.
The price traded to the monthly FVG as expected
"Forex Forecast: Unveiling the Next Big Trend in Major Currency 📌Examining the trend in the four-hour time frame, EUR/USD enjoys the resistance range of the ceiling of the descending channel in the range of 1.0832-1.0812, and it seems that if it is maintained, 🎯 it will reach the 200% Fibo support at number 1. 0662 should be reduced.✔️
Choosing Not to Trade is Still Trading: Monitoring the EUR/USDOpting Out of Trading is a Decision: While we anticipate a breakthrough in this consolidation zone where the current price resides, which is currently at the lower end compared to December, in a sideways or accumulation phase, as some may term it, recent observations indicate reduced market activity within this range. Hence, I've decided to refrain from trading until Wednesday. Our focus remains on monitoring the market until Wednesday, seeking the opportune moment. Until then, enjoy your Super Bowl Sunday, my friend. Let's reconvene on Wednesday as key inflation numbers to be released.
EURUSD-SHORTEURUSD is moving in descending channel and has broken out of channel and now in ascending wedge .We will be in sell order after breakout from wedge .
probable sell in eurusdIf he breaks the structure and comes back to me, then I'll come in with a sell limit.
EUR/USD:A Resilient Recovery Amidst Economic Data and Market...EUR/USD:A Resilient Recovery Amidst Economic Data and Market Sentiment Shifts
The EUR/USD pair demonstrated a commendable recovery, reclaiming lost ground on Monday as an improved market sentiment put pressure on the US Dollar. This resurgence was marked by a significant rejection at the 1.08000 level, coinciding with the 78.6% and 88.60% Fibonacci levels, signaling a potential shift in the prevailing bearish trend. The Stochastic RSI on the H4 timeframe contributed to this optimistic outlook by displaying a divergence.
Despite mixed European data, with Germany reporting a contraction in Q4 GDP, the overall Eurozone GDP surprised on the upside, posting a 0.1% increase from the previous year. Additionally, the Economic Sentiment Indicator for January met expectations at 96.2, while Consumer Confidence contracted to -16.1 during the same month.
Attention in the market is now turning towards key US data releases, with January's Consumer Confidence and JOLTS Job Openings report taking center stage. These figures are particularly relevant in the lead-up to the highly anticipated Nonfarm Payrolls (NFP) report scheduled for the following Friday. Concurrently, market participants eagerly await the Federal Reserve's monetary policy decision slated for Wednesday.
As the EUR/USD pair appears to find a new bullish impulse within the confines of a bearish channel, traders are anticipating an increase in value. The short-term target for this potential bullish movement is set at 1.1000 in the coming days, pending the outcome of critical economic data releases and the Fed's policy decision.
Our Idea:
Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
💡 EURUSD: Forecast January 26After breaking the short-term downtrend line, the buyers were unable to maintain the pressure and the sellers returned later, currently the price is being forced down to the resistance area of 1,082, a continuous change in buying and selling pressure. This shows that the two sides are struggling fiercely in this area without creating any really clear signals. You temporarily stop trading, pay attention to the boundaries of the range, the direction of the breakout can reveal the next direction of the price.
Bears Running Wild!, Bulls Hesitate in EUR/USD ArenaUpon analyzing recent price movements over the last few days, a noticeable bearish sentiment is evident. The market is consistently forming lower lows and lower highs. In line with this trend, my outlook is inclined towards identifying selling opportunities. I plan to initiate sales after the price fails the fair value gap and reaches an area of supply, which we are currently approaching. In the event the market moves against me, I am open to reconsidering and may explore buying opportunities. However, my primary focus is on following the prevailing trend and seeking selling opportunities today. Thank you, and have a great day, my friends.
EURUSD DAILY ANALYSIS After Taken liquidity of sell side well see disturubiton to taken liquidity buy side of equal high
- Tading is probability control your risk management.
Good luck !
GBP USD TRADE SET UP. Here is my idea on GBP USD.
Trade confluence
1. Head and shoulders Pattern
2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH
3. We are waiting for double top to complete at the reset level for entry short.
Maybe Not?
Bearish Symphony: EUR/USD Dances to the Melody of Downward TrendGood morning, this is Joe Malone from Districtfx. Currently, we're observing bearish price action for the EUR/USD pair. The charts indicate a bearish sentiment around the 1.08900 level. We anticipate a retracement to that level, presenting a selling opportunity to the downside. Upon retracement, we'll explore a potential selling opportunity, targeting the low of the London session at 1.08680 and another take profit level at 1.08550. It's crucial to manage risk effectively for future trading opportunities. Stay warm on the East Coast, and have a great weekend!
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"EUR/USD Approaches Sub-1.0900 Levels, Facing Downside Pressure"The EUR/USD pair has experienced a deeper decline, touching its lowest point in 2024 at 1.0861 (as of January 16). It is now approaching a critical level, the 200-day Simple Moving Average (SMA) at 1.0847. If this support is breached, the December 2023 low of 1.0723 (on December 8) may reappear, preceding the weekly low of 1.0495 (on October 13, 2023), followed by the October 2023 low of 1.0448 (on October 3) and the psychological level of 1.0400. Positive prospects for this currency pair are likely to face challenges below the 200-day SMA.
The 4-hour chart currently indicates a further downside trend in the very near term. Breaking below 1.0861 would eliminate significant support until the 1.0723 level. The MACD indicator is also trading in negative territory, and this bearish scenario is reinforced by the RSI index hovering around the 28 level, signaling oversold conditions. In the event of occasional upward attempts, immediate resistance is anticipated at the 200-SMA at 1,0925, followed by 1,0998, seemingly strengthened by the proximity of the 100-SMA around 1.0980. Investors and traders will closely monitor these levels for potential shifts in the EUR/USD pair's short-term trajectory.
