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Eurusdshort

EURUSD in Intraday Correction Phase, Bullish on the SwingEURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk. Always trade with the tight Risk management to stay the long run. Safe Trading, Happy Trading.
Short
by JagadishSinghR
💡 EURUSD: Continued declineEURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the price will likely adjust sharply down, towards the resistance area around the 1.0500 threshold.
Short
by Stone_Haven
2
EURUSD Shorts from 1.09700 or 1.11000EURUSD presents an intriguing scenario as it recently responded to a 10-hour demand zone, potentially signaling another upward rally. Since clear buying opportunities are currently lacking, I'll be patient and wait for the price to enter a supply zone, providing a chance to catch a potential pullback. However, it's worth noting that these zones are not the most optimal due to the substantial liquidity present. My preferred zone is the 8-hour supply at 1.11000, coinciding with the 0.78 Fibonacci range on a higher timeframe. Here, I anticipate a robust bearish reaction. At present, I will monitor the price for the completion of a Wyckoff distribution before considering sell positions. Alternatively, I'll await the establishment of a new demand level, providing a new buying opportunity in which we can take towards the marked supply (POIs). Confluences for EURUSD shorts are as follows: - Overall trend of the market is bearish on the higher time frames. - Price approaching a very good key level of supply, anticipating a distribution to play out. - Lots of liquidity below to target in the form of asian lows, equal lows and imbalances. - DXY is also overall bullish long term despite the short term bearish trend. - In order for price to push higher it needs to retrace from a level of supply. P.S. won't dismiss the chance of this demand zone failing, considering that the price has mitigated the second time it has now created relative equal lows. Moreover, there's a direct imbalance below that price may seek to fill before initiating another decisive upward move. However, given the current state of the EU market, adaptability is crucial, given the presence of numerous liquidity areas and zones of lower quality.
Short
by Hassan_fx
2
EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.09600 🟥 Stop Loss: 1.11450 ✅ Take Profit: 1.05900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Rejection at the Resistance Zone, Reasonable to Short. 3. If Shorting, Watch EMAs for Support. 4. Look for a pullback to resistance before the price falls. 5. RSI at 57.00 below Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
Why does The Market aka Price Move?Price moves for two reasons in Forex- to fill imbalances- and to areas of liquidity aka Timmy-Jimmy-Bobby-Karen-and James nem Stops and Limit orders :) This is the 4hr TF of EURUSD. This is the beginning of a very strong downtrend. There is a HUGE Edge to be in on a trend when it starts. We are going into the last month of trading and the market consolidates and expands aka shifts. Time and Price is everything in the Forex Market and there are no coincidences in Forex. EURUSD is selling going into 2024- The DXY is rebounding STRONG right now- read the signs.
Short
by Master-Jedi-Trader
2
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets