EURUSD - 17 OCT 2024 - AnalysisDear trader
If you're serious about currency trading, it’s time to make a bold move. I recommend taking a strong position on EUR/USD at 1.08—this is where real opportunities lie.
Stop loss? For insecure traders.
Take profit? Aim for 400-1000 pips.
Good luck. May the algorithms be in your favour.
Eurusdlong
EURUSD Scalping-day trading HIGH RISKSetup: OTE + FVA + FVG
FX:EURUSD
I'm using a tight stop-loss here because if it gets hit, I'm prepared to re-enter at a lower level. This approach allows me to better capture high-probability zones while keeping risk minimal at this stage.
📈 RR: 12.15 — A great risk/reward ratio that helps me optimize each trade and manage capital efficiently.
Always ready to adapt to market conditions and stick to the plan 👊. If this trade doesn't go as expected, I've already got the next step in mind.
EURUSD H4The European Euro is trading in a sharp downtrend after liquidity was withdrawn from the top. Accordingly, after a sustained decline and the European interest rate decision, we are looking forward to a corrective buy from the 1.08300 levels with a stop of 1.07500, with targets of 1.09600, 1.09900, and then 1.10200. We wish you success in your trading.
EUR/USD Potential long trade setup (4H)I am looking a long opportunity on EUR/USD.
There is a clear bullish RSI divergence found and suggesting me potential upside,
My entry is placed at 1.10218,
Targeting 1.11631 (TP-1) and 1.13100 (TP-2)
Stop loss set at 1.08778.
The risk to reward ratio is favorable and i am expecting a bounce from current levels.
i will wait for price action confirmation before entering following the trend reversal signs from divergence.
Best of Luck
EURUSD to turnaround?EURUSD - 24H EXPIRY
Trades at the lowest level in 48 days.
Bespoke support is located at 1.0875.
We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202.
Selling posted in Asia.
Dip buying offers good risk/reward.
The medium term bias is neutral.
We look to Buy at 1.0875 (stop at 1.0825)
Our profit targets will be 1.1037 and 1.1050
Resistance: 1.1008 / 1.1038 / 1.1050
Support: 1.0875 / 1.0870 / 1.0775
Risk Disclaimer
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EURUSD Daily Technical Analysis - October 16EURUSD has experienced a notable correction throughout October, yet it remains within a bullish trend, forming a wedge pattern. Analyzing the daily timeframe reveals several key levels that are crucial to watch in the upcoming days.
Currently, EURUSD is testing the .618 Fibonacci support level at 1.0876, with the latest candle forming a Doji. This suggests a weakening bearish momentum and raises the possibility that this support level could hold, potentially paving the way for a bullish reversal in the weeks ahead.
Should this Fibonacci support fail to halt the correction, further bearish movement may continue towards the secondary support at 1.0797, before resuming a bullish trend with a target of 1.1243—approximately 3663 pips from the current level.
Keep an eye on these levels as they may provide significant opportunities in the near term
#EURUSD: 500+ Pips With Four Targets! Comment Your View! The EURUSD currency pair experienced a decline due to the robust bullish reversal of the DXY index, which ended a prolonged period of bearish dominance. Notably, the price exhibited an impulse pattern characterised by the absence of corrective movements. This pattern is generally viewed positively by traders seeking swing buy opportunities in the EURUSD market. It is important to recognise that such patterns are often influenced by fundamental factors rather than the volume of sell entries. Consequently, when these fundamental influences subside, the price tends to retrace and resume its original price trajectory.
Regarding take profits, a strategy involving four distinct take profit levels is employed. This approach entails taking profits sequentially, with each successful take profit resulting in the closure of 25% of open positions and the subsequent setting of the next take profit level. It is crucial to emphasise that this analysis does not constitute financial advice, and individuals should conduct their own research and make informed decisions. The purpose of this educational chart is to provide insights into price movements and the underlying processes.
Wishing you the best of luck and safe trading. Please feel free to express your appreciation by liking and commenting on this idea. Additionally, consider following for access to more valuable content.
Team Setupsfx_
EUR/USD - looks cheap, buy the dip sort of long?Yeah, albeit the current calamity globally, EURUSD FX:EURUSD looks in a prime spot for a RSI "bounceback" type reversal.
Fundamentals are something to seriously consider, and because we're not currently under the 30 level on the daily timeframe, it's more of a wait and see scenario. Once the pair kicks that 30, I'll be buying :)
EUR/USD 4H Chart - Strong Demand Zone & Possible Reversal SetupEUR/USD 4H Chart - Strong Demand Zone & Possible Reversal Setup
In this 4-hour EUR/USD chart, we see the price approaching a significant Strong Demand Zone , which could act as a major support level. The market has been in a downtrend, but a potential reversal is indicated once the price interacts with this zone. The price may consolidate before pushing upwards through the resistance levels marked on the chart.
I anticipate a bullish move once the market finds stability in the demand zone, with the price action potentially heading toward the upper resistance levels around 1.10 and 1.11. If we see a breakout above these levels, it could signal further bullish momentum.
Let’s keep an eye on how the price reacts within this demand zone for potential entry opportunities!
EUR/USD – Potential Stabilization at Green Zone SupportThe Euro has been declining for several days, and as we approach the green zone identified as a support level, I believe we may see some stabilization or a rebound. This area has historically acted as a support level, and it could provide the necessary buying pressure to reverse the recent downtrend.
Strategy: I will be monitoring the price action closely around this green zone for signs of a potential bounce and may consider entering a long position if the conditions are favorable.
EURUSD Area of interest & Potential movementsActively looking for buys inside the grey box (1), is a relatively risky trade because of the dollar index looks bullish. To play safe i just want to see an invalidation of some kind of supply. Something like market structure break(2). And then look for buys (3).Sweeping the area of intereset above does not change the long BIAS. İ'll be actively looking for longs from here aswell (4). If we loose the arrow (5) chart need upate.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD - Long from OB !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance lower and then to reject from OB.
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EURUSD Analysis for October 13, 2024In the daily chart, the Fibonacci levels I drew from two different lows have created a confluence. This area is also strengthened by a previous higher high (HH) and has become a demand zone.
The long wick extending downward indicates buyers' reaction to this price level. I expect an upward movement from here. However, before opening a trade, you might want to wait for bullish momentum to form on lower time frames.
EUR/USD SEll setup1-Hour Chart Analysis
The 1-hour chart is consolidating within a tight range after the recent sell-off. A breakout from this range could signal the next major move for EUR/USD. The bearish trend is still in play, but a short-term retracement to test the upper range boundary is possible.
Key Observations:
Price is consolidating in a tight range between 1.09350 and 1.09548.
There is potential for a breakout either to the upside (corrective move) or to the downside (continuation of the bearish trend).
The next significant target for sellers could be around 1.08994 (marked as TP1 on the chart).
Trade Opportunity:
Traders can consider shorting the pair if price breaks below the current consolidation range, targeting 1.08994 for a take-profit level. Alternatively, a break above 1.09548 could lead to a quick corrective move, allowing for a short-term long trade.
LOOKING FOWARD FOR THIS M15 SETUP 1.Price already enter a very strong demand zone I think here sellers will find all the buyers they have been looking for (LOL) remember if you are selling 100 iPhones you will need 100 buyers it's that simple.
2. Price have wiped out lot of liquidity, so why will price keep going down to sweep that low in H4 I think there's no need for that therefore from this point we should see the start of a complex pullback to a supply zone in H4.
3. This figure you see here in M15 that will be my confirmation to start buying, Fibonacci is showing our M15 trading range (last high, last low) if this doesn't happen it means is going deeper into our H4 demand zone, that's why I always opt for confirmation in lower time frame before executing any orders.
WILL KEEP YOU GUYS UPDATED!!
EURUSD: Dollar holds steady as Fed minutes emergeThe US dollar remained steady today, providing some respite for the yen and other major currencies after rising to a seven-week high last week. Market participants are taking a moment to assess the future trajectory of US interest rates.
Investors are awaiting the release of the minutes from the Fed’s September meeting today, which will reveal the discussions that led to a 50 basis point rate cut, agreed by all but one policymaker amid a seemingly worsening labour market.