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Eurusdshort

EURUSD 1H: 12/01/2023: Will you see a waterfall? Previous TA is still valid Well, as we expected price rose to near our target and we have liquidity on both sides of the price on the other hand we have Consumer Price Index (CPI) release. So we can expect that price will collect both side liquidity. My view on this chart is bearish. You can see critical zone and levels on the chart. 💡Wait for the update! 🗓️12/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
Analysis of the EUR/USD DailyAdditionally, the golden cross occurrence (50-day SMA moving above 200-day SMA) tends to favor bullish traders from a technical perspective. In addition, positive oscillators on the daily chart, which are still far from overbought territory, suggest that the price may continue appreciating in the near term. Hence, some follow-through strength looks like a distinct possibility beyond the 1.0800 mark, toward testing the next relevant hurdle near the 1.0855 regions. For the first time since April 2022, the EUR/USD pair may be able to reclaim the round figure of 1.0900 if the momentum continues. Alternatively, the horizontal zone of 1.0730 now appears to shield the immediate downside ahead of 1.0700. Any further decline is likely to attract fresh buyers and remains contained near 1.0730. 1.0650-1.0645 That said, if the EUR/USD pair fails to defend these support levels, some technical selling may occur, which may result in further weakness below 1.0600. After testing the 1.0540-1.0535 support zone, SPOR prices could descend to the psychological level of 1.0500 and to the monthly low, near 1.0480. The latter should act as a pivotal point, which if broken decisively will shift the near-term bias in favor of bearish traders. With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
by Enclave_fx
EURUSD Top - Shorting The Bearish ImpulseEURUSD is on the verge of starting a sell-off. I am expecting in Impulse Wave in Minute C (red). The greenback (DXY) should be able to commence a Bullish Retracement. EURUSD under pressure. My Euro-Dollar Technicals: * Ending Diagonal in Intermediate (C) (white) * Complex Double Three Correction * Hidden Bearish Divergence * Harmonic Pattern: Bearish Cypher in Minute b (red) * Double Top Pattern * 88.6% Fibonacci Retracement * 161.8% Fibonacci Extension EURUSD SELL Signal: * Entry @ 1.06910 * SL @ 1.08700 * TP1 @ 1.0500 * TP2 @ 1.0280 * TP3 @ 1.0140 * Safety Measure: when in the green, moving SL to BE. * Sell Stops on the way down, after pull-backs. Many pips ahead! Richard, the Wave Jedi.
Short
by Lionheart-EWA
6
EURUSD: Bearish Reversal Idea, Seasonal AnalysisBearish Indications • Resistance Zone at 1.06428 • Seasonal Analysis show EXY remains Bearish in January 60% of times. • DXY is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605 • Monthly Seasonal analysis shows DXY remain Bullish in January 60%. • EXY remained Bullish in December 2022 which indicated to a point that seasonal are working so far. • Weekly Seasonal Analysis show EURUSD remain Bearish in 3rd Week of January • DXY is at a significant Support Zone 103.780 from where a bounce back is possible. • Slight Divergence spotted on ChandeMO Oscillator on EXY . Bullish Indications • 4hrs time-frame Higher Highs and Higher Lows formation. • 4hrs time-frame Three White Soldiers candle pattern. • Significant Support Zone at 1.06322 • EXY is in a Bullish Trend on Weekly Time frame. • Weekly Seasonal Analysis shows EURUSD remains Bullish in 2nd Week of January. • On Weekly timeframe DXY price action show an inverted hammer candle which indicates sellers are in control. • Traditionally EXY and DXY are negatively correlated. Biased : Short Trade PLAN (Short) Entry: 1.06556 (Fib Lvl 78.6%) TP: 1.05711 (Fib Lvl 38.2%) Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%) Risk/Reward: 1:2.39 N.B. Manage your Risk Accordingly.
Short
by adnanmagsi