EURUSD - 1H - LONGBuyers came in strongly from 6 weeks ago and broke the EURUSD downtrend.
Now is the time for them to rest and an opportunity has been created for the rest of the traders.
The fixed ceiling of the Fibo zone is 0.618, which this week saw a retracement of this zone, forming a V for us.
In order to continue its uptrend, this chart needs to correct when it breaks away from the downtrend channel to gain bullish strength.
Note that this chart requires time correction to go up, not location correction, so pay attention to this point and make the most of the trades that we will have in the upcoming range in the 5-minute time.
In the MACD indicator, we also see a positive hidden divergence, which is currently close to the zero zone.
If the price breaks the resistance zone before the time correction, you can think about buying, but you have to be more patient until your target is touched.
And the last point: if the price is determined from the range box and moves down, this analysis is no longer valid and is waiting for our next presentation regarding this chart.
Golden Dragon
Eurusdidea
Trading Analysis eur/usd 11.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
DeGRAM | EURUSD bullish opportunity EURUSD broke out of the ascending channel.
The market broke and closed above the major resistance level of 1.0000.
Price action is making higher highs and higher lows, indicating a bullish trend.
We expect a retest of the major resistance level.
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EurUsd- First target reached, now what?As I argued in both written and video analysis, there is a high chance of a reversal in EurUsd's case and 1.02 with 1.0350 in extension could be the target for this correction.
Indeed, yesterday EurUsd touched the 1.02 zone and we may ask ourselves "now what"
In my opinion, the 1.0350 zone will be reached in the medium term, but from a risk: reward point of view, at this moment, we don't have a valid trade.
However, in the eventuality of a drop under parity, this should be considered a buying opportunity with the up mentioned target and only a drop under 0.97 would negate this scenario
EURUSD push lower to 0.98650 handleHi all,
Been a while since I last posted due to me taking time out the markets and what not, anyways enough of the boring stuff lets talk about EURUSD shorts!
So my bias on the EURUSD coming lower (Or EURUSD SHORTS) is based of several factors such as them being;
1. We have market structure
2. We had fundamental data
3. Price charts
4. Moving averages
We can see a clear non break in a higher high, if we take the previous high that was respected creating a double top and today it being a shorting market we can see that this was a 'respected pattern'.
We also had a crazy spike taking out a lot of sellers in the market yet the hourly candle finished as a bearish result, showing traders (longer short-term) a bearish pinbar , this indicates to me that there is more of a short yet before we see a move higher.
We used a reverse engineered indicator which shows us on a daily timeframe that there is more possibility given all the reasons above that there is more off a short bias on this pair.
My entry: 1.00402
Stop loss: 20 pips @ 1.00611
Target: 150+ pips @ 0.98667
*This is not a signal, it's a detailed analysis of the trade I will want to take. Take all trades at your own!*
Let me know what you all think in the comment section below.
You can also message me via the chatbox on Tradingview and lets make some profits!
MoneyMaliks.
Eurusd setting for bearish moveHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about OANDA:EURUSD
We can see formation of head and shoulder pattern
So we are expecting a strong fall near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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DeGRAM | EURUSD short opportunityEURUSD is trading in the ascending channel .
Price bounced off the resistance level that was respected before. Look left.
We expect a retest of the support level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Is USD still a buy ahead of US CPI So many factors are affecting the currency markets right now that it can be hard to get your head around them all.
Activity is definitely centered on the US. Last week, we had the US Federal Reserve’s interest rate decision and US Non Farm Payrolls which is still lingering in the minds of traders. The latter jobs data is pointing to a slowdown in the Us economy, but it still beat market expectations by a fair margin (260K jobs vs 200K expected).
This week we have US midterm elections, the results of which will help set the fiscal policy direction of the US for the next few years. Markets took their expectations from polling leading up to the voting, and republican ‘red wave’ was expected to materialise, removing the democrat's slim majority in the US House of Representatives and Congress. As of writing, the red wave has turned out to be more of a 'red ripple’, with the elections still in contest.
To cap off these major market events, we have the US inflation data dropping very early Friday morning (UTC +13) and the Michigan Consumer Sentiment Index on Saturday
So, with all these events swirling around, is it still a good time to buy USD and sell EUR? It might all come down to whether there is any emphatic break of the pair above 1.0100 to put off the selling sentiment. As it stands, the EUR/USD does appear to be temporarily supported from falling too far below parity, but this doesn’t mean that buyers are there to take it higher, especially when we zoom out and consider the longer-term trend of the pair, and the resistance it has recently encountered twice at 1.0100. Further downside might rely on a break below 0.9800 (for a weak signal) and 0.9550 (for a strong signal) moving forward.
DeGRAM | EURUSD possible shortEURUSD is trading in the ascending channel .
The market is testing resistance level and upper border of the channel .
If prcie rejects the resistance level by creating a false break, then it is likely to test the support level .
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Continuation (Possibly)Personally, looking for a continuation to the upside during the London/NYSE open. I have a BuyStop at 1.01000 (with a 50pip SL at price 1.00500 & a 100 Pip TP at 1.02000 at an old key level risking only 3% of my capitol).
2 profitable days straight as the week have kicked off. LET'S GOOOOOOO OANDA:EURUSD
DeGRAM | EURUSD opportunity for longThe market tested the lower border of the ascending channel and bounced off of it.
The market broke and closed above the major resistance level of 1.0000.
We expect a retest of the major resistance level .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURUSD Forecast: Price Is Rallying To 1.04389Hey trade,
As you can see the price is currently running in the half a bat patterns L2. Above the 50 and bullish crossed short-term MA's. Preparing to rally for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). This has been confirmed by the bullish break, close, and retest made above the Mini Weekly Neckline, 50 and 8 MAs. But, the price could reject the signal, then drop instead.
That will be confirmed once the price has bearishly broke and retested the Monthly Neckline 1 together with the 50 and 21 MAs. With that in mind, do not take the trades, because this is not financial advice. It's just my point of view.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below.
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Trade Safe and Stay Blessed Baby,
Sphatrades.