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Eurusdlongsetup

EUR/USD Longs from 1.08200 back up This idea aligns with my other pairs. After mitigating a daily imbalance, price is showing clear rejection and heading down to fill the imbalance left from last week's NFP news event. If price reaches the extreme demand level on the 17-hour timeframe, I'll wait for a Wyckoff accumulation to buy back up. Meanwhile, I’m watching for a new supply zone to sell from or considering imminent sells as price is currently in a 4-hour supply zone. Confluences for EU Sells: Price broke structure to the upside on the higher timeframe. Significant liquidity and imbalances remain to the upside. A clean 17-hour demand zone triggered this bullish move. Large imbalance above the demand zone that needs filling. P.S. If price moves higher and surpasses the last swing high, I'll look to the deep supply on the 22-hour timeframe as the next drop-off point.
Long
by Hassan_fx
EURUSD analysis week 33Fundamental Analysis EUR/USD traded sideways above the round-figure support of 1.0900 in New York trading on Friday. The ECB is expected to cut interest rates two more times this year as the Eurozone economy struggles and price pressures are on track to return to the desired 2%. However, ECB officials have yet to commit to a predetermined rate-cutting path as they expect a path towards the central bank's 2% target. The US dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US dollar will be the US (US) Consumer Price Index (CPI) data for July, due out on Wednesday. Technical Analysis GBPUSD continues to trade within an ascending channel with the nearest support and resistance in the price range of 1.100 and 1.074. On the H4 timeframe, the EMA 34 has crossed above the EMA 89, indicating that the market structure is starting a new uptrend in line with the current price channel with the highest Resistance at the peak of the beginning of this year around 1.112. On the other hand, any daily close above the support level of 1.075 would confirm that EURUSD could break the ascending channel and move towards the support level of last month around 1.062. Resistance: 1.100-1.112 Support: 1.075-1.062 Trading Signals SELL EURUSD zone 1.100-1.102 SL 1.104 BUY GBPUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
EURUSD Anlaysis for tomorrow!Current Market Status: Range-Bound: The EUR/USD pair is currently trading within a range, lacking significant directional momentum. Key Levels: Resistance Level: 1.09456 Support Level: 1.09051 Technical Setup: Potential Buy Scenario: Breakout Criteria: Awaiting a breakout and close above the resistance level at 1.09456. Target: If the breakout occurs, the target for profit is set at 1.09912, which offers a potential gain of over 50 pips. Market Sentiment: The sentiment is bullish above this level, suggesting increased buying interest. Potential Sell Scenario: Breakdown Criteria: Monitoring for a breakdown and close below the support level at 1.09051. Target: Upon a confirmed breakdown, the target for profit is set at 1.08280, offering a potential gain of over 80 pips. Market Sentiment: A break below this level could trigger further selling pressure, indicating bearish sentiment. Technical Indicators: Moving Averages: Analyze shorter and longer-term moving averages to confirm momentum and potential crossover signals. RSI (Relative Strength Index): Monitor RSI levels for overbought or oversold conditions, especially near the key levels mentioned. Volume Analysis: Check for increased trading volume on breakout/breakdown to validate the strength of the move. Risk Management: Stop-Loss: For a buy trade above 1.09456, consider placing a stop-loss slightly below the breakout level to mitigate false breakouts. For a sell trade below 1.09051, place a stop-loss just above the breakdown level to avoid premature exits. Risk-Reward Ratio: Ensure that the trade setups adhere to a favorable risk-reward ratio, preferably 1:2 or better. Trading Strategy: Entry Strategy: Use limit or stop orders to enter the market at the breakout or breakdown levels. Monitoring: Regularly monitor the price action and adjust positions based on market behavior. Conclusion: The EUR/USD is at a critical juncture, and tomorrow's price action around these key levels will likely set the tone for the next directional move. Whether you're looking to capitalize on a breakout or a breakdown, remain vigilant and adhere to your trading plan. Let's seize this opportunity and maximize our profits. This brief provides a clear, concise overview of the potential trading scenarios for EUR/USD based on the current market conditions. It includes actionable strategies and key technical considerations for making informed decisions.
Short
by Binsalmanfund
EURUSD Anlaysis for tomorrow!Current Market Status: Range-Bound: The EUR/USD pair is currently trading within a range, lacking significant directional momentum. Key Levels: Resistance Level: 1.09456 Support Level: 1.09051 Technical Setup: Potential Buy Scenario: Breakout Criteria: Awaiting a breakout and close above the resistance level at 1.09456. Target: If the breakout occurs, the target for profit is set at 1.09912, which offers a potential gain of over 50 pips. Market Sentiment: The sentiment is bullish above this level, suggesting increased buying interest. Potential Sell Scenario: Breakdown Criteria: Monitoring for a breakdown and close below the support level at 1.09051. Target: Upon a confirmed breakdown, the target for profit is set at 1.08280, offering a potential gain of over 80 pips. Market Sentiment: A break below this level could trigger further selling pressure, indicating bearish sentiment. Technical Indicators: Moving Averages: Analyze shorter and longer-term moving averages to confirm momentum and potential crossover signals. RSI (Relative Strength Index): Monitor RSI levels for overbought or oversold conditions, especially near the key levels mentioned. Volume Analysis: Check for increased trading volume on breakout/breakdown to validate the strength of the move. Risk Management: Stop-Loss: For a buy trade above 1.09456, consider placing a stop-loss slightly below the breakout level to mitigate false breakouts. For a sell trade below 1.09051, place a stop-loss just above the breakdown level to avoid premature exits. Risk-Reward Ratio: Ensure that the trade setups adhere to a favorable risk-reward ratio, preferably 1:2 or better. Trading Strategy: Entry Strategy: Use limit or stop orders to enter the market at the breakout or breakdown levels. Monitoring: Regularly monitor the price action and adjust positions based on market behavior. Conclusion: The EUR/USD is at a critical juncture, and tomorrow's price action around these key levels will likely set the tone for the next directional move. Whether you're looking to capitalize on a breakout or a breakdown, remain vigilant and adhere to your trading plan. Let's seize this opportunity and maximize our profits. This brief provides a clear, concise overview of the potential trading scenarios for EUR/USD based on the current market conditions. It includes actionable strategies and key technical considerations for making informed decisions.
Short
by Binsalmanfund
EUR/USD Longs from 1.09200 back upThis week, my analysis has diverged from GU due to the bullish reaction in EU triggered by the NFP, causing a CHOCH (Change of Character) to the upside. The higher time frame structure has broken, creating clean demand zones. I now expect price to retrace to one of these demand zones before continuing its upward movement. If price continues to rise and fully fills the imbalance, I anticipate a bearish reaction from the 22-hour supply zone, leading to a slowdown and distribution. Confluences for EU Buys: - NFP Impact: NFP caused a CHOCH to the upside, indicating a shift from bearish to bullish. - Demand Zones: Clean demand zones have been left behind, signaling areas where price may pull back. - Daily Imbalance: Price is currently in a daily imbalance, which may trigger a pullback. - Bullish Trend: The current trend is bullish, supporting the continuation of upward movement. P.S. If price reacts to the imbalance with a bearish pullback, this could provide buying opportunities from the 5-hour demand zone or the 17-hour extreme demand.
Long
by Hassan_fx
EURUSD Technical Analysis and Trade Idea 👉🔍In this video, we closely examine EURUSD. Recently, the EURUSD has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement. In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
Long
by fxtraderanthony
1-hour chart GBP/USDVisit fourtrades website for more active insights On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could lead to a continuation of the downtrend towards 1.2750. Conclusion The GBP/USD pair is at a critical juncture, testing significant support levels on multiple timeframes. Traders should watch for a breakout from the current descending channel and the 1.2820 support level. A bullish breakout could offer long opportunities targeting 1.2940 and 1.3000. On the other hand, a break below 1.2820 could see the price moving towards 1.2750 and 1.2650, providing potential short opportunities.
Long
by FourtradesTV
7 Dimension Sell setup for EURUSDCore Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: 15M 1: Swing Structure: The market has formed a bearish BOS after taking inducement. Now, the focus is on the corrective swing move as a pullback. The internal structure also supports a bullish corrective move toward the external POI, OB & BB with proper FVG and LIQ resting area in the discounted zone. We are using one regular entry module for this. 2: Pattern 🟢 CHART PATTERNS: Reversal: Triple top is already formed at the top of the swing. 🟢 CANDLE PATTERNS: We will check at the POI zone. 3: Volume: 🟢 Fixed range indicates full bearish control at the POI. 🟢 Volume during correction is almost dry. 4: Momentum RSI: 🟢 In strong bearish zone with proper bearish range shift and classic. 🟢 Grandfather-Father-Son entries based on H4 TF are intact and formed. 5: Volatility Bollinger Bands: 🟢 About to break after contraction, possible squeeze breakout in the lower band. Walking on the band is also expected here. 6: Strength: Based on ADX, bears fully control the market at this level. 7: Sentiment: Strong bearish. ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: BOS Bear ☑️ Trend line breakout: Awaited 💡 Decision: Sell limit 🚀 Entry: 1.08475 ✋ Stop loss: 1.08580 🎯 Take profit: 1.07601 😊 Risk to reward Ratio: 7RR 🕛 Expected Duration: 2 days SUMMARY: Analysis supports a sell position based on Smart Money Concepts methodology, with strong bearish signals from structure, volume, momentum, volatility, strength, and sentiment.
Short
by Optimum369
1-Hour Chart Analysis:EURUSD On the 1-hour chart, EUR/USD is currently trading within a descending channel, indicating a downtrend. The price has tested the upper boundary of the channel multiple times (as marked by the red arrows), showing resistance around the 1.0850 level. The lower boundary has acted as support, with the most recent bounce occurring near the 1.0800 level (indicated by the grey arrows). The RSI is displaying a bullish divergence, suggesting a potential reversal or consolidation phase. A break above the 1.0850 level could lead to a move towards the next resistance level around 1.0880. Alternatively, a breakdown below 1.0800 could see the pair testing lower supports at 1.0750 and 1.0700.
Long
by FourtradesTV
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