SELL TRADE SETUP ON EURUSDHey Traders,
Check this analysis out on EURUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
Eurusdprediction
EURUSD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon see more up from this range! GOOD LUCK! Great BUY opportunity EURUSD
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EURUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block.
Fundamental news: Next week is full of news with impact on USD. On Tuesday we will see results of monthly and yearly CPI on USD. On Thursday we'll have Retail Sales on USD.
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EURUSD Swing Buy Trade with a good Reward.
We have a 4 Hour Loop in Upward direction, We have a 4H Source Demand and a Fresh 4H Supply formed as Destination Supply giving us the Demand Supply Equilibrium Curve as follows.
After reacting to the Source Demand Price has started respecting Demands and violating Supply areas. hence this is a New Position with an Amazing reward to Risk ratio.
EUR/USD Shorts from 1.08700 back down. Pro trend idea.My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A).
However, considering the distance from that supply zone, another scenario (B) may unfold. This involves price descending further to sweep the relative equal lows and reach my 19-hour demand zone. Subsequently, I foresee a bullish reaction prompting a reversal in price direction.
Confluences for EU Sells are as follows:
- Price left a clean 20-hour supply zone that caused a break of structure to the downside.
- The overall trend for this market is bearish.
- The dollar (DXY) is also moving bullish so it aligns perfectly.
- Imabalnces below the supply that needs to be addressed.
- Lots of liquidity left to the downside in the form of equal lows and Asia Lows.
P.S. With the dollar also breaking structure to the upside, it complements this bias effectively. However, I'm not exclusively committed to one direction; I also entertain the possibility of price declining further to signal a bullish trend. We'll have to observe how price unfolds.
Happy trading people!
EURUSD → Day Analysis | BUY SetupHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 GOOD LUCK! Great BUY opportunity EURUSD
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EURUSD: The US interest rate outlook is the main weight for currMost Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets.
Powell's comments late Sunday reiterated the Fed's earlier message that the economy's resilience gives the bank more room to maintain a restrictive monetary policy. This caused traders to largely abandon expectations that the Fed would start cutting interest rates in March or May.
CME's Fed Rate Tracker shows an 83% chance the Fed will hold rates steady in March and a 35% chance the Fed will hold rates steady in May, up significantly from a 9th chance. 9% was seen last week.
EURUSD → Descending Wedge Support! Back up to 1.11!?EURUSD fell from the Resistance Zone into a two-legged pullback around the Daily 30EMA. There isn't much for bear strength, so are we in a position to long?
How do we trade this? 🤔
A long could definitely be justified if we get a strong bull close above the Daily 30EMA. We have a two-legged pullback from the Resistance Zone, several doji and weak bear bars showing weak bears, and RSI, while below the Moving Average, is at 47.00 and has room to move up. I suspect that if we get that strong bull bar, the RSI will rise above the Moving Average, which would support the long position suggested.
💡 Trade Idea 💡
Long Entry: 1.09500
🟥 Stop Loss: 1.08100
✅ Take Profit: 1.10900
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Two-legged pullback from the Resistance Zone
2. Multiple doji and weak bear bars as the price falls, showing weak bears
3. Support near the Daily 30EMA
4. RSI below Moving Average, but with a clear strong bull bar closing above the 30EMA, that could change
5. Once a strong bull bar closes above the Daily 30EMA, it's reasonable to long a 1:1 scalp
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700)
As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern.
If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be?
If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone.
If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move.
From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence.
Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames.
Projected long term price targets are 1.1500 followed by a second target of 1.2000
We shall see tomorrow with FOMC and NFP Friday morning.
Trade safe and manage risk.
EURUSD I Intraday long from support Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD can fallThe EUR/USD currency pair is currently undergoing a technical analysis that reveals a distinct trading pattern within a parallel channel. Notably, the price movement has been consistently adhering to the resistance of a downtrend. This suggests a strong adherence to the prevailing bearish momentum.
As per the analysis, there is an anticipation that the price is likely to experience further decline. Traders and analysts are observing the parallel channel dynamics closely, expecting the downward trend to persist. This analysis serves as a valuable insight for market participants, providing guidance on potential trading strategies and risk management based on the observed technical patterns in the EUR/USD currency pair.
EURUSD SELL ON DIPS NOW!!!HELLO FRIENDS
As i can see this pair not holding support and showing weakness against $ so we have great opportunity selling here with a low risk and looking for bigger rewards it have now test the daily horizontal support... its just an trade idea do a proper analysis and share you thoughts with us thanks friends
EURUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis.
Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURUSD Plan for week 5 - 2024Plan for the week for EURUSD
I would normally push this out on a Sunday but I have been pushed for time and also the h4 was right in a zone that made it hard to work with. Now that it has pushed though this zone and shown some intention I am happy to give you my thoughts.
It is now looking like the H4 has confirmed bearish order flow which lines up with the weekly major trend and the weekly order flow so shorts for the foreseeable future should be the highest probability trades
EURUSD 4H : Try to drop EURUSD
New forecast
Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744.
Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains.
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
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EURUSD Trade IdeaWe can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order block at the extended 50% level on the fibo.