EURUSD Analysis 13July2023assuming that currently wave 3 is formed, with the theory that wave 3 is not the shortest wave, then we take the assumption that wave 3 has the same wave length as wave 1. then the wave 3 target is still a few pips away since this analysis was made.
You can place a pending buy limit order at the SR Flip area in the blue box below.
Eurusdsignal
DeGRAM | EURUSD structure based tradeEURUSD is trading in an ascending channel.
The market is approaching the psychological level at 1.12000.
On the 4 hourly chart, we can see the market is overbought and has an overextension.
We expect a bearish move in case the market prints a false break that will indicate level rejection.
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DeGRAM | EURUSD short opportunityEURUSD is trading in an ascending channel.
The market is decelerating at resistance levels, meaning candles are getting smaller.
We have the channel border and the resistance level.
As you can see, the strength of the bullish move is decreasing.
We expect a bearish move; all confluences tell us that price could make a pullback.
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Will EurUsd break above 1.1?In my previous EurUsd analysis I said that the pair could reverse to the upside from the important 1.0840-1.0850 support zone.
Indeed, after a touch of that zone, the pair turned to the upside and managed to close last week very strong and near to 1.1 important resistance.
At this moment EurUsd is correcting this up move a new leg up could follow.
Short-term support lies at 1.0930 and in this zone, traders could look for buying opportunities.
DeGRAM | EURUSD price above the psychological zoneEURUSD rebounded from the support level by breaking previous highs.
The market is trading in the ascending channel. It closed above the psychological level at 1.1000.
Price created fibonacci inversion at the border of the channel.
We expect a double bottom formation or false break at support to confirm that bears have run out of steam.
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EURUSD Analysis 10July2023although the HnS pattern is formed, the price is not necessarily bearish, if you look at the a-b-c-d-e pattern that occurs, this is a complex correction. it is likely that the correction has been completed and now the price is returning to the impulse. you can take the opportunity to go long when there is a correction.
DeGRAM | EURUSD channel breakingEURUSD market broke the descending channel and made a sharp bullish move following economic news.
Price making higher highs and higher closes, and it's approaching a major resistance level.
We expect a pullback to the support level and a long opportunity from it. Breakout, pullback, and continuation.
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DeGRAM | EURCAD bearish pressureEURUSD is moving in an descending channel. It's making equal lows and lower highs, indicating bearish pressure.
The market is consolidating, which means it's coiling up before a breakout.
Price pulled back from the psychological level at 1.09000.
We expect a retest of the next support level at 1.08000
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EUR/USD - (massive!) SHORTThis is the point where this pair becomes a monetary appliance - i.e., a cash machine -, much like a George Foreman Grill; "Just set it and forget it!"
(Here, the levels are accurate enough to be tradeable.) "Just SELL it and forget it!"
It doesn't get any easier than this.
DeGRAM | EURUSD short opportunityEURUSD tested the support level three times and is likely to be broken.
The market created a structure of resistance for shorting opportunities; breakout of the level, pullback to it, and trend continuation.
The market made lower highs and equal lows, indicating bearish pressure.
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DeGRAM | EURUSD consolidation zoneEURUSD is consolidating in the descending channel.
Price returned to the consolidation zone following a support retest.
Price created an opportunity to go long at the 61.8% fibo and support level.
We expect a breakout of the consolidating zone.
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eurusd scalpingthere are two good support and demand zones for eur and I'm waiting for price movement.
I believe that there is a good chance for price to firstly see the demand zone and then go for the support one. so I'm waiting for a short and then a long position.
⚠️ 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.
DeGRAM | EURUSD coiling up before the expansionEURUSD consolidating between support and resistance levels.
It is most likely that the market will make a new high and close higher.
Price is coiling up before the expansion.
We expect breakout of the consolidating zone.
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EurUsd- Bullish as long as 1.0850 is intactIn my recent EurUsd analysis I said that EurUsd is in a clear up trend since the beginning of June and this could offer bulls nice trading opportunities near confluence support.
Indeed, after a short dive under the confluence zone, the pair reversed but was stopped for the rise from the falling trading line.
At this moment, we have clear support at 1.0850, and with the price only 50 pips above that support, we can find nice risk: reward opportunities if we target 1.1 high.
That being said, dips around 1.0880 should be bought and, as said, only a daily close under 1.0850 would negate this bullish scenario
DeGRAM | EURUSD sideways moveEURUSD made lower lows and lower closes. However, the market is consolidating on the 4H timeframe.
It double-topped at the resistance and channel border.
If the resistance holds, the market may continue pulling back to the support level.
We expect a bearish move.
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