eurusd short setupseurusd have reached to a good demand zone, the first entrance is approved and now since we have a good eng to a fl, the price have approved the QM setup (the second entrance zone on LS-FL).
⚠️ Notice:
I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
Eurusdshort
JUST FOLLOW THE SCRIPT - EURUSDWE ARE BEARISH. THE DXY IS BULLISH.
Therefore on a bearish day we expect price to IMPULSE to a AREA of Liquidity right above our Morning Zone before the dump in confluence with the DXY being BULLISH.
WE EXPECT A DUMP TO THE 3RD OR 4TH
SD.
NARRATIVE: MONDAY JUNE 12, 2023 2:58AM EST
Never Over Leverage. Large Trading Accounts are grew over time through compounding.
TRUST YOUR SET UP.
HAVE A GREAT WEEK OF METICULOUSLY CALCULATING AND PRECISE TRADING!!!!!!!!!!
I AM THE ALGORITHM NOW:)
Channel and DropI've seen this one too many times...
Price is making a tight climbing channel, but eventually once it reaches near the top of the last highs, it will fall out (usually)
Looking at about 4.75 r, using a 15 pip stop, order placed at 1.07193, 1.07347 for the stop, and target the larger channel line from the previous downtrend, 1.06289 or around the last area, as the longer price takes to get there, the deeper it should go.
Using the middle area between the two most recent highs for entry, and stopping above the highest high made, expecting a longer term double top style pattern to be formed and pushed down into the lower depth of the daily level finally.
EUR/USD Short-Term prediction(6/2/2023)Hello Traders
Last week EUR/USD was moving inside of a bearish channel and then, this week, took the chance of the weakened USD and broke out from it.
It seems the bearish movement has been reversed and we should expect some upward corrections.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Structural Breakdown This buying attempt looks to be failing, as the buyers are losing power in getting the turn. We're in a daily zone, but it's roughly 75 pips wide, and we're near the extreme upper levels.
This breakdown makes me think the next possible level is around 1.053. with a lot of buyers in the market, there should be a heavy concentration of stops just below the last low around 1.0655. this should accelerate price below the next few levels.
Placing a short, market entry made at 1.0701, stop 1.0725 (arbitrary 25 pip lock) target at 1.065 and observe as this will be the bottom of the long term channel we can't seem to breach out of.
EURUSD US BURNING DOWN!!!!!!The MAIN MOVE the algorithm wants to do is go south on EURUSD.
Before any huge move the algorithm will take out opposing liquidity 1st aka raid stops.
Therefore we anticipated the run out of London into New York and expect the DUMP.
So far the script is running perectly.
Never over leverage.
Trust your set up: give it time to manifest. Trades don't manifest immediately learn patience.
Have a Great Trading Day!
Possible sell opportunity For the past few weeks, the EU has been on a downward trend, heading towards the previous weekly demand. Yesterday it gave a 4 hour BOS, and today being Friday, the pair has returned to the 50% PD range (I caught the buy into the PD range). In the process, it cleared 15 minutes of liquidity. Zone, and I'm hoping for it to tap into the 15-minute supply for a sell. I hope to catch a 1:3 before the market closes for the weekend.
Bearish EURUSD ProjectionThe current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further towards the 1.05553 price zone, which represents the next significant support level in the coming weeks.
It's crucial to remain aware that market conditions can shift unexpectedly. If the price manages to surpass the extended trendline and break above it, my bias would change. However, as of now, I maintain a bearish outlook on EURUSD.
What's your thought on this? Kindly comment below
EURUSD 4HR Bearish ProjectionThe current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further towards the 1.05553 price zone, which represents the next significant support level in the coming weeks.
It's crucial to remain aware that market conditions can shift unexpectedly. If the price manages to surpass the extended trendline and break above it, my bias would change. However, as of now, I maintain a bearish outlook on EURUSD.
What's your thought on this? Kindly comment below
EURUSD Staying Short Looking at an overall strong downtrend, and getting solid rejection on the 5 minute time frame.
Entry taken at market value, stop above 1.0837 and looking to target just shy of the next daily level.
Price will have to move through some smaller levels to finish going down, but I do believe it will stay the course. The downtrend line leading down from the highs is staying fairly consistent, and looking to see it continue in the same way.
Trading on the phone, hopefully the chart comes out ok.
EURUSD H1: Bearish outlook seen, further downside below 1.0760On the 1H timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 1.0820, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the support zone at 1.0760. Price is holding below ichimoku clouds and MACD is showing bearish momentum, supporting our bearish bias.
Short Opportunity on EURUSDFondamental:
-retail sentiment 70% long
-economic data favoring dollar(GDP, Inflation, Unemployment, Interest Rates)
-dollar short term uptrend caused by debt Ceiling Drama
Technical:
-price rejecting trend multiple times
-looking to enter on a 50\61% fib retracement
-waiting for the supply zone rejection
EURUSD sellHello traders today we are having good profits In gold and am pretty sure we wil be in profit on GJ now we are talking about EURUSd which will give us good profits today inshallah
Now coming towards My anylsis
EURUSD is showing us bullish trend on Daily tme frame but on H4 it has a beautiful wave formation of higher lows and lower lows and in my view the current LH is completed and we have a H4 significant resistance and its also a retest of H4 resistance level after breakout we are waiting for this current candle to be closed as a hammer doji or evening star and we will enter on this confirmations and we will have a beautiful 1:2.64 R:R in current scenario now we hope EURUSD will perform what we think of
Euro will tank this week I think we have printed the high of the week on #eurousd here! Dollar has been bearish for weeks and now it is starting to see some relief! This means risk off conditions on other assets! I am looking at the the daily fair value gap as the weekly target for eu!
We hit into a daily bearish fvg on euro and have seen some nice reaction! Let's see if the moved will be sustained!