scalp and flip EURUSD 5minin the area I select in the chart, I trade long and short .
I believe that price goes a sideway in this area.
no matter which position is first I trade the first and flip it with the next.
what do you think?
Eurusdshort
EURUSD → Second Rejection at 1.10! Short to 1.06? Let's Answer.EURUSD was rejected twice at the Resistance Zone and ended last week with a bear bar closing on its low! Should we short here?
How do we trade this? 🤔
Short answer (pun intended!), yes! My analysis from last week showed the price action around 1.078 which is right on the EMA support ribbons. Too far away from resistance to short, too far away from the Support Zone to long. The EMA ribbons themselves are support as we now can see, the price action has bounced off of them back to the Resistance Zone.
Now that we've seen a second rejection, that's our confirmation to short. The first was our signal, second our confirmation and because the bar closed on its low, we have optimal probability to enter a short position here. Target 1:2 Risk/Reward with a protective stop just above the double top at 1.10, then target the 1.06 area to take profits. Look for a bull response at the 1.06 area, a potential long opportunity using the same trade management style as this one. Refer to my analysis from last week for that setup:
Additional Note:
We're trading the Daily chart here, this trading range came after a bull channel which in isolation, should give us a long bias while we're between 1.06 and 1.10. However, zooming out to the Weekly chart shows us we're rejecting price off of the 200EMA. It's reasonable to have a short-term bull bias in this range, but caution should be used in either direction because of that Weekly 200EMA.
💡 Trade Ideas 💡
Short Entry: 1.089
🟥 Stop Loss: $0.955
✅ Take Profit: 1.057
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two Rejections at Resistance Zone, Bias to Short.
2. Second Rejection Bear Bar Closing on its Low. Run Short to 1.06 Area.
3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons.
4. RSI at 55.00 and above Moving Average, Needs to Fall Below.
5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry.
💰 Trading Tip 💰
Probability of profit increases dramatically when you wait for what is called "confirmation" on the chart. This comes after a signal bar closes, indicating the next moves on the chart.
⚠️ 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!
#eurusd #elliottwave short wavec/b 18Nov23This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
EURUSD sell trade ideaI am going to sell EurUsd around 1.03 price level. Entry is based on the 5 min chart. Looking to take out the 1.01 liquidity. I will update my entry and stop loss here!
Short Euro...EURUSD firmed a wedge top at first and a double top after that and ready to goes down again.
Trade safe.
Good luck.
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.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.09350 for a profit of 30 pips.
EURUSD Short as Weekly is on strong resistanceEURUSD potentially shorts because in my weekly analysist its on strong resistance and waiting for daily candle confirmation (engulfing or rejection).
EURUSD Scalp LongEURUSD is retracing and it has now hit a short-term support area. Entry looks good considering that USDJPY is also dropping. Target 1.1, R:R is good, enjoy!
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.09000 for a profit of 25 pips.
💡 EURUSD: Waiting for the opportunity to sellEURUSD rebounded strongly in the past session, broke the upper boundary of the accumulation zone and created a reversal pattern on H4, but the overbought phenomenon is occurring. We can place a Sell Limit order at the above resistance area
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.08800 for a profit of 80 pips.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.08500 for a profit of 30 pips.
💡 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.
EU short position setupWe have CHoCH in 4H TF followed by series of BOS in 1H TF. I think there are two scenarios: 1- we would have a pull back to 1H TF OB and then go down. 2- we would touch the 4H TF OB by a wick and then go down.
In any case, for an extra confirmation, it's better to wait for a CHoCH in lower TF after we've reached to any of these two areas.
Let see what will happen.
Good luck.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target below the daily low, located at 1.07550 for a profit of 20 pips.
EURUSD | Short idea!If EURUSD gets rejected in this zone I will be looking for short positions and for a new low to be made!
post trade breakdown analysis on EURUSDFX:EURUSD
This is a breakdown on a EURUSD trade i took yesterday and closed it today before London session began
EURUSD SELL SETUPFX:EURUSD
Overall structure based on the weekly, daily 4h and 1h is bearish. Price closed below 1.08368 4h support and made a retest as resistance with a bullish engulfing candlestick being an entry confirmation to continue sell bias
Short Scralp Trade for EURUSD Success rate 75%Opportunity for Short scalp trade with a success rate of over 75%
The price is likely to hit TP with a 75% chance, You can manage your position
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
EURUSD: 04/12/2023: Sell scenarioWell as you can see, the price broke the major low, so we are bearish now and looking for a sell setup.
In this case, we can define the supply zone (the bearish order block).
If the price reaches this zone we can execute the sell position with LTF confirmation.
Please pay attention it's not investment advice.
Do your own research.
💡Wait for the update!
🗓04/12/2023
🔎 DYOR
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