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Eurusdshort

EURUSD → Short to 1.06? Or Will we Break Resistance to Long?EURUSD was rejected twice at the Resistance Zone and ended last week with another leg up. Should we short here? How do we trade this? 🤔 We had a decent entry last week, but that ended with a surprise leg up into the Resistance Zone. We now have a sell signal at the top of the zone, but need to wait for a strong bear bar closing on or near its low below the Resistance Zone around the 1.10 area. Stop loss should be placed above the Resistance Zone and set a take profit around 1:2 Risk/Reward at 1.065. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the remainder of your position. 💡 Trade Ideas 💡 Short Entry: 1.09835 🟥 Stop Loss: $1.1150 ✅ Take Profit: 1.06500 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Contact with Resistance Zone and Two Bear Bars 2. Look for Follow-Through and a close below Resistance Zone. 3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons. 4. RSI at 60.00 and above Moving Average, Needs to Fall Below. 5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry. 💰 Trading Tip 💰 All trades carry a probability value based on statistical data of the price action. If the market exceeds 60% probability in a direction, it's reasonable to take the trade assuming your Risk/Reward and Probability are positive. ⚠️ 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
2
❓EU:wait more confirmation and development. Overall bullish now❓Since the last outlook, we saw some bullish development on EU. However the price delivery was not very clear, so I stayed out of this market. Current update is in the chart and please feel free to send your questions below. ☝️Dear traders, no one here has superpowers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
Long
by Yelli_trades
2
EURUSD BUY NOW The daily chart for the EUR/USD pair shows it remains pretty much neutral for a fourth consecutive day. The 20 Simple Moving Average (SMA) maintains its bullish slope but acts as dynamic resistance around 1.0970. The longer moving averages, in the meantime, remain directionless, far below the current level, while technical indicators head nowhere around their midlines, reflecting the absence of directional interest. EURUSD BUY NOW. 1.09446 CONFIRM TARGET. 1.1008
Short
by FxJoseph_7
Short Position on EURUSD-4HHello Traders ! This is the EURUSD Technical Viewpoint in The Long Term . Following the most recent corrective move we experienced at the beginning of this month, we see the price rejecting a significant region of supply that is now serving as a resistance level at 0.9980. We anticipate a further decline as we fell back below the 0.9880 support zone. Risk Warning : Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Short
by aymanjemghili
1
EURUSD M15 / STRUCTURE CHANGE, LONG OPPORTUNITY ✅Hello Traders1 This is my idea related to EURUSD M15. We can see a structure change in the chart, I still see DXY as weak, that's why I expect an increase of EURUSD until the price of 1.10000. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
2
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!
Short
by TraderEngineering
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 TraderJaggu