EUR/USD Weekly: Double Top Signals Further Downside Potential
The EUR/USD weekly chart shows a clear double top formation, with the neckline already broken, indicating a potential bearish continuation.
Scenario 1:
The price could retest the broken neckline, which now acts as resistance, before resuming its downward move. This scenario aligns with the prevailing bearish trend, targeting the key support zone at 0.99810.
Scenario 2:
If the price manages to break above the resistance after retesting the neckline, it may enter a consolidation phase within the larger descending channel. However, the overall trend remains bearish unless the price breaks out of the channel.
The ultimate target for this downtrend lies in the 0.99810 region, where significant support could trigger a reaction. Traders should monitor the neckline retest and price behavior near resistance for further confirmation.
Eurusdshort
EURUSD - Sell Setup After Key Support BreakOANDA:EURUSD has decisively broken below a key trendline, signaling an increase in bearish momentum. This breakdown suggests that sellers are gaining control, with the potential for further downside continuation.
In the near term, price may revisit the breakout level for a retest, where the previous support could now act as resistance. A failure to reclaim this level would reinforce bearish sentiment, increasing the likelihood of renewed selling pressure. If sellers maintain dominance, the price may head toward the 1.03120 level.
For confirmation of continued downside movement, traders should look for bearish technical signals, such as a rejection wick, a bearish engulfing candlestick, or increased selling volume. Conversely, a sustained move back above the resistance level could invalidate the bearish setup and shift the bias toward a potential bullish recovery.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Fri 31st Jan 2025 Daily Forex Charts: 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, NZD/USD Sell & a USD/SGD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Trendline Tragedy: When the Market Betrays You!Oh, EUR/USD , you sly fox 🦊. First, you tease us with those sweet higher highs. "Look at me, I’m unstoppable!" you whispered seductively. Traders fell for it. Hook, line, and PIP sinker. 🎣
But then... BOOM! Trendline broken. Cue the dramatic sell-off. 📉
Like a bad date, it ghosted the bulls and ran straight into bearish territory. 🫥
And the RSI? That snitch. 🤐
Price: "Higher highs, baby!"
RSI: "Yeah, sure... but I’m tired. Let’s tank."
Now we're left with the aftermath—a chart that screams "Trust issues!" 😤
Lessons from the Madness:
1️⃣ Trendlines are like New Year’s resolutions—easily broken.
2️⃣ Momentum doesn’t lie. When RSI starts giving you side-eye, maybe it’s time to listen. 👀
3️⃣ Markets are savage. Bring tissues and an exit strategy. 💔
But hey, at least we can laugh about it now. Right? 😅 Or is that just the sound of retail traders crying in the corner? 🤷♂️
Who's ready for the next trendline betrayal? Raise your stop losses! ✋
EURUSD Possible Bearish Movement?Hello everyone, hope everyone is doing great! Any feedback on this is appreciated.
Here I got what I believe to be a possible EURUSD bearish movement, here are my thoughts:
4H Candles: Here we can see a bearish trend that has been going on since a few months ago, however this was recently broken with some events such as Trump entering into office this January 20th.
While Chart analysis alone suggests we could see a bull for the euro, I would like to challenge it with the new decisions being taken by Trump (tariffs, dollar-first policies) and other news such as the ECB Rate Cuts on December.
At the time being things are looking like theres going to be a lot of movement, I expect one last bounce before seeing any strong bulls during the next few weeks, but I believe we are already at a great entry point.
Let me know your thoughts on it!
Edit: For some reason my TP1 text wasnt added to the chart shown here, but it was placed at 1.03196.
EURUSD: First red day up high into the high of the weekHello everyone and welcome back to my profile. I don't typically share templates every day, because I'm trying to select best opportunities that can move fast during the further 1/2/3 days.
Please do not forget to support my work with a like, and comment if you have similar or contrary opinions to understand as well your point of view.
EURUSD is actually up high into the high of week, high of month, high of year, it's January and is the first month of the year, is the opening range of the year.
There is a great chance to see a reversal market from the current level, if it's going to setup correctly.
However, as I always say, I'm not here to predict any directional move, because I'm a professional trader and I don't do entertainment with trading, trying to gamble my money in useless predictions. What I'm always looking for, are setups, which they repeat over and over again.
To understand better the logic behind my thesis, let's have a deeply look into the week..
The previous week, overall, the market has been trading long, higher high on Wednesday for a 3 days dump and pump into the week, I wouldn't counter trending such a strong market.
Monday, opening range of the week, the market broke the previous weekly high and stayed in breakout. Other times frame traders and big players are involved.
Tuesday the market pullback on the previous weekly high, eventually stopping out breakout traders long from that level, closing kinda as an inside day, which I consider part of the consolidation process up high.
Wednesday, the market broke higher, breaking out the HOW, HOM, HOY, closing back inside the range and closing as a first red day, which typically it can be a short signal if setups correctly during the further days.
Today, the market triggered short in, and overall is consolidating into the yesterday LOD.
Thesis:
My main view, currently, is pretty short, the lower low of today can a be a sign of weakness for this market, Trump speaking on schedule, market it may be very volatile today, that's why I decided to don't be involved in any market position.
The news release can obviously dump the market quickly straight into the LOW, or we can have a retest of the HOW for a consolidation and dumping during the next week (last week of the month).
If the market today breaks lower, tomorrow I will be looking for a sell high opportunity targeting the current LOW.
What about a bullish thesis?
Once again, I think that predicting is pretty silly and gives you 50/50 of chances to be right. What I'm describing is the possibility to identify a short setup in a market condition that can offer it.
A long thesis, would be absolutely still valid.. why?
Yesterday after the higher high in the daily, weekly and monthly level, the market dumped down into the low, and went in consolidation. I cannot exclude a 2/3 days dump and pump for a range expansion to the upside.
That means that I would be willing to take a long setup if the long thesis builds up.
I will be updating this post until I think the template will be valid.
Gianni
EURUSD, UP or DOWN ?Hello Traders, what do you think about FX:EURUSD ?
Yesterday we had a huge upward movement because of Tariff plans. but as long as price is below 1.0460, we better to find short position and if price stabilizes above this number at daily timeframe, we can think about buy.
remember that Eurozone performance is unstable and we can't expect a large upward movement in this pair at least for short term, unless the data that comes from US is very bad.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
EURUSD SHORT IDEAHello, this is my first published idea as a beginner trader, please feel free of leaving your opinions and/or ideas here, I would heavily appreciate any feedback.
As seen on my chart, I expect a bearish reversal when price hits somewhere around 1.04361, the reason for this would be that during this month of January this has been the highest point twice, refusing to go higher. I've set my first TP on 1.03702 as I would like to secure partial profit, in case that my analysis is correct, and with the second TP where the bullish momentum of today january 20th started (1.03185).
Please let me know your thoughts/feedback on this, as I would like to hear what more experienced people see in the market. Thank you!
EURUSD Sell SetupEuro is going to down side in the next weeks. There is no sense to enter a long position right now. Trump is going to start working officially. We can wait for going down on EURUSD pairs.
4 Notes for you:
Keep it simple as possible as.
Make sure following steps of your plan.
No emotion.
If the price does not come to your optimal entry area, do not trade it.
EURUSD: We always go short with this type of graphics!As you can see in the chart, the TECHNICAL ASPECT of the EURUSD is impeccable for going SHORT ALWAYS while the trend is still bearish (Bear).
Many times we go crazy looking for opportunities in the market and WE DO NOT FOCUS on the fact that in order to TRADE EASY AND SUCCESSFUL, the most important thing is that the technical situation of the chart is the EASIEST to analyze.
The EURUSD pair is an example of ease currently. Clearly at a glance, everyone would know by looking at the chart that its trend is bearish with a clear and stable negative slope.
How should we operate the EURUSD?
1) We will only look for SHORTS (Bear).
2) We will wait for a reversal in the fall (blue candles) and when the price turns red again (red candles), we will enter short. Each vertical blue line on the chart shows a short entry that we would have made, that is, 5 entries since November 5.
3) Take profit depends on each person's strategy because it could be by %, by number of pips...
Currently the EURUSD's strength in H4 is bullish (Bull) that's why the candles are blue. What we have to do is WAIT for the strength to turn bearish (Bear) and therefore the candles to turn red again.
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Strategy to follow:
ENTRY: We will open 2 short positions if the H4 candle closes below 1.02463 which will be when the candles turn red again.
POSITION 1 (TP1): We close the first position in the 1.01820 area (-60 pips)
--> Stop Loss at 1.03550 (+108 pips).
POSITION 2 (TP2): We open a Trailing Stop type position.
--> Initial dynamic Stop Loss at (+108 pips) (coinciding with 1.03550 of position 1).
---We modify the dynamic Stop Loss to (+10 pips) when the price reaches TP1 (1.01820).
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SET UP EXPLANATIONS
*** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
-->Example: If the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EUR/USD Bearish Setup Short Opportunity at Key Resistance ZoneThis chart suggests a potential short setup for EUR/USD
The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure.
The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels.
Key levels to watch
Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs)
First Target: 1.01764 (potential take-profit level)
Stop Loss: Above 1.03117 (to protect against a breakout)
Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
Mon 13th Jan 2025 Daily Forex Charts: 4x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Sell, EUR/USD Sell, GBP/USD Sell & NZD/USD Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
EURUSD - possible sells with the Data release?Here is our analysis on EURUSD . Possible shorts in play.
As we are anticipating the news release today, we can still assume the TVC:DXY will remain bullish. If the News and Data release is positive for the US Dollar , we could see more downside on the pair. With the new H4 just opening and the previous closing strongly bearish, we can assume that EURUSD will continue going down. Our Entry is sitting at 1.03272 with SL (Stop Loss) at 1.03587 . If we break above our SL we would most likely reverse and this trade idea would be invalidated. Our TP (Take Profit) is sitting at 1.02642 and if broken + the positive news and data release, we could see the price digging even deeper .
PARAMETERS
- Entry: 1.03272
- SL: 1.03587
- TP: 1.02642
KEY NOTES
- EURUSD is bearish.
- DXY (USD) still remains bullish and holds strength against other pairs.
- Positive news for the US could result in even lower prices on EURUSD.
Happy trading!
FxPocket