Eurusdshort
EURUSD - Daily Trade Idea - 6-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD Long Opportunity Wait for EntryRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
[TRADE UPDATE] SELL Trade TriggeredThe news events this week finally give catalyst to hit the 1.10 mark as explained in my preious post this would likely be the area where buyers turned to sellers this exactly what occured.
We got the pop up above 1.10 into the Weekly SUPPLY/SELL zone and then a SELL signale on the TRFX indicator to allow us to get into the trade the position is already up over 100 pips the target is the 1.06 area.
Though I have already closed 50% of the position and moved the stop towards the entry price so no matter what happens with NFP today we will have made profit on this trade.
For the exact reasons behind this setup please refer to my related post below.
Don't forget to like and boost :)
EURUSD DAILY TRADE Hi all
As of right now, what I can tell is that there is a whipsaw pattern before the peak, with the highest price being 1.09308 and the lowest being 1.08350.
I'm interested in trading at the levels 1.09031 and 1.09308. Before reentering the market, watch for a rejection at the 1.098533 level if the peak is broken.
Share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
EURUSD Gonna ShortEURUSD created Bullish Butterfly to such mega move; But now in weekly pattern created a hidden bearish divergence with fibonacchi 0.786(Supply Zone) & rising wages. So need a correction.
Today ECB meeting; 50BPS anticipated and already price in. So there is another opportunity to weak EUR from this point. Tomorrow Dollar NFP data will publish; US labour market performing well. So another good data anticipated from US.
AW Euro Dollar Analysis - Live Analysis Ahead of NFPs...In this video I discuss the current price action and explain why this correction bounced the way it did.
I share my thoughts along the way and make sense of all waves in question.
The NFPs may see the Euro plummet from this point.
If you are short, then your stop should be at 1.09138.
See related ideas below.
Hope this helps.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
EURUSD Today Analysis By Forex PharmacyEURUSD Analysis with complete chart patterns.
There is a Head and Shoulder Formation.
Also, A Three Drive pattern.
and Market structure may give us a Sell opportunity with 20 pip SL and 100 PIP TP.
Do support me if you like my working I can share many more analyses.
Regards,
M Raheel Khan
Forex Pharmacy