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Eurusdshort

EURUSD H4: Bearish outlook seen, further downside below 1.06800On the H4 timeframe, prices are showing bearish orderflow and are currently testing the resistance zone at 1.06800, which coincides with the Fibonacci confluence levels and descending trend line. We could see a reversal below this level to the support zone at 1.0550, which is in line with the graphical low. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias. Failure to hold below the resistance zone at 1.06800 could see prices push higher to test the next resistance zone at 1.0770 which is also in line with the 78.6% Fibonacci retracement.
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by T3-Consultancy
EURUSD DAILY UPDATEHi all After the release of positive statistics for the CPI, we saw a rejection at the previous high on the H4 resistance level 1.07897 yesterday. In the daily chart, price rejection occurred several times prior to the level's 1.06952 breakout. Therefore, I will partially close at the support level of 1.06610. A break through the level of 1.06609 could terminate the upward HL and confirm the LH.If the 1.06609 level is broken, I see a drop to 1.06107. 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
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by mytw0cents
4
EURUSD H4: Bearish outlook seen, further downside below 1.0620On the H4 timeframe, prices are showing bearish order flow with lower lows and lower highs formed. A pullback to the resistance zone at 1.0620 could present an opportunity to play the drop to the next support zone at 1.0500, in line with the graphical low and 50% Fibonacci extension. Prices are holding below the Ichimoku cloud and 50 EMA, while Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
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by T3-Consultancy
EURUSD Downtrend. The trend retest in 1.06128 at 0.236 Fibonacci Retracement level. A possible downtrend to 1.04824 at 0 Fibonacci Retracement Level. The Federal Reserve still considering to increase the interest rates due to a still high US inflation rate. The Fed has implemented a series of interest rate hikes in an effort to tame inflation that had been at its highest level in some 41 years. Markets widely expect a few more hikes before the Fed can pause to assess the impact the tighter policy is having on the economy. “Simulations of our baseline model suggest that the Fed will need to tighten policy significantly further to achieve its inflation objective by the end of 2025,” the researchers said.
by wilhelmvine21
Euro can break support area and continue to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price formed the seller zone, which it tested and begin to decline. Over time, the price broke through the support area 1.0625-1.0610 and continued to fall. We are also seeing the Euro reach the next support area, which it re-tested and begin to rise. The price is currently trading near resistance line, where it has created a possible fake breakout. I think the Euro can continue to fall, so I decided to set two goals. Support area 1.0540-1.0530 and at level 1.0500. Please share this idea with your friends and click Boost 🚀
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by LegionQ8
17
EURUSDEURUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
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by HamidRamezani1992
2
Day Trade: ShortKing W. Harbmayg's Journal Entry #5 1. Review: I’m going with the trend. I have a proclivity to counter trend, sometimes without even knowing it. I’ve endured a series of losers of small losses in the past few days due to my lack of awareness of market structure. I have some bad habits that I am still rooting out. Here forth, I aim to be 'perfect' my ability to read market structure and to consciously take more trend trades which are to be held. Also my stop losses were not placed at the above all highs and under all lows and so this too led to me being stopped out before my TP was reached. 2. Performance: (1 out of 5) Confidence— 5 Discipline— 4 Communication— 5
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by Harbmayg