#EURUSD: Swing Buy 400+ Pips, Buying Opportunity! FX:EURUSD
Price fell to our discounted buying zone, now we expect price to bounce from the our zone. Still we are awaiting a strong buying volume to kick in the market which will help us targeting our take profit zone. Please use accurate risk management and we wish you all the best. Good Luck.
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Eurusdlongsetup
#EURUSD: 400+ Pips Buying Opportunity! Do not miss outFX:EURUSD
Price is approaching our buying zone, from where we can expect a strong price rebound. Also, we have very important news coming up this week, NFP may have significant impact on the future of this pair. However, as we had mentioned previously that we cannot predict the news, we can only see the chart and analysis what is in front of us. Always, do not rely on economic news as none of us can predict. Instead, focus on our area of buying, if price do come to the region then wait for the rejection and with the confirmation you can take a swing entry.
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#EURUSD: 500+ pips buying opportunity | Ready Before NFP?Dear Traders,
Hope you are doing excellent, we have a solid swing buying, we have nfp coming up next week this will be decider for EURUSD future price movement. However, there is also a possinlity that price can do the early mitigation which will not be ideal for as we currently expecting price to drop a bit more before it bounce.
good luck
EURUSD analysis week 33Fundamental Analysis
EUR/USD regained momentum and rose to 1.1020 in the American session on Friday after snapping a three-day winning streak. Upbeat macroeconomic data from the United States boosted the US dollar (USD) and sent EUR/USD lower. The US Department of Labor reported that initial weekly jobless claims fell by 7,000.
Improved risk sentiment on Friday morning made it difficult for the USD to continue Thursday's gains and sent EUR/USD higher. The US economic calendar will feature data on Housing Starts and Building Permits for July. Additionally, the University of Michigan will release preliminary Consumer Sentiment Index data for August. The market reaction to these data may not last long.
Technical Analysis
EURUSD continues to trade in an ascending channel with the nearest support and resistance in the price range at 1.106 and 1.091 after gaining ground above 1.100. On the D1 timeframe, the EMA 34 has crossed well above the EMA 89, indicating a strong bullish market structure, with the upside momentum heading towards the most important resistance around 1.113. On the other hand, any daily close below the 1.1091 support would not confirm a bearish reversal. The pair would need to break the 1.081 support to truly break the bullish structure on the current chart.
Resistance: 1.106-1.113
Support: 1.092-1.081
Trading Signals
SELL EURUSD 1.112-1.114 SL 1.116
BUY EURUSD 1.092-1.090 SL 1.088
EURUSD H1 TIME LONG TERM Sell TRADING IDEAHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR JPY Trade Setup 30 mins timeframe. EUR JPY has formed an head and shoulders pattern on the 30 mins timeframe.
This pattern was formed at the 4 hour resistance level.
Now we need to see a soild candlesticks confirmation pattern before going short.
Don't trade all the time, trade forex only at the confirmed trade setups.
7 Dimension Sell Setup For EURUSDCore Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: A completely bearish structure with sweeps and mitigations. The market has taken proper inducement and completed its corrective swing move with multiple pullbacks. Now, after mitigating the external POI, it is once again forming a bearish internal structure from the premier zone. We are ready to go short with a classic smart money entry model.
Resistance: Supply zones already give strong rejections.
2: Pattern
🟢 CHART PATTERNS
Reversal: V-Shape Recovery formed toward the extreme POI, now ready for another rejection.
🟢 CANDLE PATTERNS
Record session count candles are making too much bullish momentum but are unable to break the upper side POI, which seems to be nothing but a trap.
Inside: Narrow Range just started forming a range pattern.
3: Volume
We experienced massive volume during the last few 4H sessions, but they all failed to break the upper side resistance. It seems to be nothing but profit booking or execution volume here.
4: Momentum RSI
🟢 Since a long time, the market has been in a sideways to downtrend zone without any proper range shift. We also observed a powerful bearish divergence at the last rejected high area. No significant move in terms of momentum, indicating everything is in favor of bears. No need to change your mind.
5: Volatility Bollinger Bands
The last volatile move contraction is now about to end with expansion, with a squeeze breakout and walking on the band. It fulfills all the volatile parameters, but at the end, it was not able to break the upside resistance. This indicates nothing but some profit-taking or big player manipulation.
6: Strength ADX
In terms of ADX strength, this trend is in the bearish zone yet.
7: Sentiment
All parameters and geopolitical indicators tell us loudly that EUR is still bearish.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI Mitigated
💡 Decision: Sell
🚀 Entry: 1.09200
✋ Stop loss: 1.09500
🎯 Take profit: 1.06367
😊 Risk to reward Ratio: 10RR
🕛 Expected Duration: 10 days
SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a bearish move.
EUR/USD Trade Setup 1-Hour TimeframeLast week, we anticipated EUR/USD would reach the major supply zone, but instead, the price formed a new, minor supply zone. This was followed by a doji and a close below candlestick pattern, providing a solid confirmation from the minor supply level.
The trade was executed based on this candlestick confirmation at that level.
Now, we wait.
Remember, once you have full confirmation on a trade, don’t overthink execute the trade and stay patient.
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.
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
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.
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.
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.
EUR/USD Trade Update on the Daily TimeframeEUR/USD has been pushing bullish and has reached a resistance level at 1.10100. We did not get a retest of the descending channel as predicted.
We will now be looking to sell from the resistance level if we can find solid trend reversal patterns and candlestick confirmations on the lower timeframes.
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. 📊✅
EUR/USD Trade Setup on 4-Hour TimeframeEUR/USD has formed a descending channel on the 4-hour timeframe, characterized by lower lows and lower highs following a strong breakout.
currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level.
Once price has reached this level we will scale down to the lower timeframe of 30 mins to find our entry based on candlesticks patterns
EURUSD Trading signalsBUY EURUSD now zone 1.08300-1.08100
↠ Stoploss 1.07900
→ Take Profit 1 1.08600
→ Take Profit 2 1.09300
EURUSD pair price is at the upper boundary of the price range.
After some CPI data released, the pair has a tendency to break the resistance level and close the m30 candle above the trendline resistance area.
The pair is still creating Dow to break out of the price range and form a short-term uptrend.