EUR/USD LONG BUY OPPOTUNITY VIEW.
Dear Traders, You can buy limit @1.17815 / 1.17639 level.
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Eurusdsignals
EURUSD 4H Golden Cross formedEURUSD formed a Golden Cross onthe 4H time-frame (4H MA50 crossing above the 4H MA200). Trading within a short-term Channel Up (dashed trend-lines) this could be quite a development ahead of the Nonfarm Payrolls as last time a similar combination of patterns took place, was on April 15. That sequence extended the rise after the Golden Cross and the 4H MA50 (blue trend-line) supported the trend until just over the 0.618 Fibonacci retracement level from the previous top (Lower High) of the long-term Channel Down (blue channel, zoom out to see it).
At the moment the 0.618 Fib is at 1.20320. That is my medium-term target. See the longer-term outlook on 1D on the buy signal I posted last week:
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EURUSD | Perspective for the new week | Follow-up detailsWe are yet to open a long term position on this pair since my last publication on this pair as the price is yet to do a significant breakout of $1.18500 as expected (see link below for reference purposes) but the current market structure suggests that the "wait" is about coming to an end as I anticipate a significant breakout of Bearish Trendline in the coming week(s).
With the August Nonfarm Payroll report on Friday expected to be below the previous month, technically I anticipate a rally for the Euro in the coming week(s).
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline
Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction ( Bearish Trendline ) on the 22nd of April 2021 to set the pace for what looks like the beginning of a new trend.
ii. Since the Breakout that occurred on the 22nd of April 2021, sellers appear to emphasize its strength but the price has continued to reject the Trendline and this feat reveals that the buyers are finally gaining trust in the Euro as price finally hits the Demand zone at $1.16700 once again after 5 months.
iii. Price continued to find higher since testing the Demand zone with high expectation of breaking out of the second trendline in the coming week(s).
iv. Above $1.17500 Level (Key level) remains a comfortable area to take advantage of the intended Bullish bias as I look forward to a Breakout/Retest of the Trend zone (Bearish) in the coming week.
v. And a further Breakout of $1.18500 shall welcome an opportunity to add to our existing position... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 10 to 20 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD Buy SignalPattern: Channel Down on 1D.
Signal: Buy as the price is near (a) the Lower Lows trend-line (bottom) of the Channel, (b) Support 2 and (c) the RSI is priting a HL pattern similar to the previous times that a rally was followed.
Target: 1.2100 (just below the 0.786 Fibonacci retracement level.
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EURUSD hit the 4H Lower Lows trend-linePattern: Bearish Fibonacci Channel on 4H.
Signal: Buy as the price hit the Lower Lows trend-line of the Channel which within July has always initiated a rebound towards at least the 4H MA50 (blue trend-line).
Target: 1.1800 short-term (right below the Channel's 1.0 Fib and the horizontal 0.382 Fib retracement) and 1.18500 medium-term (right below the Channel's 1.5 Fib extension which has been the top (Lower Highs) of the Channel so far).
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EURUSD approaching the 1.17050 SupportThe Nonfarm Payrolls result has been unforgiving for EURUSD as the price collapsed and is today near the 1.17050 Support, which is the first hold level before the 1.1600 Support which was made of the September-November 2020 lows.
The U.S. CPI report is the catalyst of the week from a fundamentals standpoint but if the Support levels hold, the 1D RSI is forming a Triple Bottom similar to that of Feb-March. This caused a strong rally on Support one and if the pattern is repeated target initially 1.19500 which is right below the Pivot Zone. An extension can reach as high as the Lower Highs trend-line and the 0.2 Fibonacci retracement level (1.21750).
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EURUSD Buy signalPattern: Triangle on 1D.
Signal: Buy as the first Higher Lows have been spotted on the 4H time-fame. The 1D RSI has been on a Bullish Divergence. If you seek confirmation you may wait until the 4H MA200 (green trend-line) breaks, as it happened on the previous bullish leg within the Triangle.
Target: 1.2000 (the pivot point) short-term and 1.21750 (just below the 0.2 Fibonacci retracement level) long-term.
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EURUSD A long-term perspective and how it is invalidatedEURUSD has been trading below the 1W MA50 (blue trend-line) for the past 5 weeks. Even though it hasn't broken below the 1.1700 - 1.1600 Suppor Zone that has been holding for exactly 1 year, it hasn't traded below the 1W MA50 for that long since the May 2020 bullish break-out.
Last time we saw a similar break below the 1W MA50 after being higher that 1.2200 was back in May 2018 (even the 1D RSI is on similar levels). The price reached as low as the 1W MA200 (orange trend-line) and had a multi-month ranged trade between the 1W MA50 and 1W MA200 until it closed below the 1W MA200, which confirmed the continuation even lower. It only started to form the bottom after it closed a 1W candle above the 1W MA50.
As a result it is possible to see a similar MA range, unless the pair breaks and closes above the 1W MA50. Do you think it is more likely to continue lower or break above the 1W MA50 again?
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EurUsd- will it correct to 1.2?As I mentioned before, since the beginning of the year, EurUsd is trading in a 500 pips range.
At this point, the pair is at the bottom of this range and things on the longer term are not so clear without a break here.
On the other hand, if we look at a shorter TF, we can see that EurUsd is drawing a falling wedge on our chart and the last three lows are very close to each other in terms of price.
A break above 1.1825-1.1830 would confirm the pattern and a correction could follow. 1.2 can be the target for bulls in this eventuality and a new low would put a pause to this scenario.
EUR/USD SELL OPPOTUNITY VIEW....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
PLZ! LIKE COMMAND AND SUBSCRIBE
Eurusd uptrend
The instrument has reached a strong support level .
The last time the level was tested in the first quarter of this year, it will be quite difficult to break through it just like that, so I'm waiting for the level to be worked out in the form of a false breakout or rebound and a rollback, or a change in the local trend to a bullish one.
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9 / 10 last EURUSD ideas come TRUE
✅EURUSD №1 ✅EURUSD №6
✅EURUSD №2 ✅EURUSD №7
✅EURUSD №3 ✅EURUSD №8
✅EURUSD №4 ✅EURUSD №9
✅EURUSD №5 ❌EURUSD №10
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EURUSD Key level for trend shiftingEURUSD broke on Friday the 4H MA50 (blue trend-line) and closed the session (1D candle) above it for the first time since June 01. Today it is testing the same level as a Support, which is the key to a potental uptrend as if it holds, the (short-term at least) trend reverses towards the 4H MA200 (orange trend-line) and the 1D MA200 (red trend-line) which both are on the Pivot Zone (green) of the long-term Triangle as described on our most recent idea:
This seems to be the most optimal long-term buy level for 1.21750, but even on the short-term if you seek a low risk trade, you can wait until the Channel Up breaks upwards and target 1.2000 which is the top of the Pivot Zone and where projected contact with both the 4H MA200 and the 1W MA200 can be made.
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EURUSD | Perspective for the new week | Follow-up detailsWe witnessed a total of 500pips in our direction since my last publication on this pair (see link below for reference purposes) and it appears the Bears have lost the momentum giving way for a potential rally in the coming week(s). The Euro fell significantly during the course of the last one month to break below Key level @ $1.18500 level, only to turn around with signs of life again during the latter part of last week trading session to break and close above the same Key level. With the recent structure favouring the Euro; participants (buyers) look forward to the coming week(s) with optimism after the ECB decided to let inflation slightly overshoot its 2% target to avoid the risk of premature tightening.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Reversal pattern (Re-test/Rejection)
Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction (Bearish Trendline) on the 22nd of April 2021 to set the pace for what look likes a Trend continuation.
ii. The first major level to hold price "supported" this year (2021) is identified at $1.17000 (31st of March 2021) which is represented on the chart as the Demand zone.
iii. I have hereby tagged this Demand zone a strong level for buyers considering the emphatic run (leading to a Breakout of the Bearish Trendline) that peaked at $1.22650 (over 500pips move).
iv. The Bearish momentum that began on the 26th of May appears to stall @ $1.17850 which also fulfils a re-test pattern of the Trendline Breakout as we witness the buyers picking up momentum from the Demand zone mentioned earlier.
v. In this regard, a confluence is identified at $1.1800 - a point where the Trendline and Demand zone meets to favour a "possible" rally.
vi. We saw the price break and close above $1.1800 (Key level) on the last day of last week trading to reveal a buying momentum at this juncture.
vii. The price MUST remain above the key level to support a Bullish bias in the coming week(s)... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:6
Potential Duration: 5 to 12days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD Buy SignalPattern: Triangle on 1D.
Signal: Buy as the price is rebounding near the Higher Lows trend-line of the Triangle. The RSI is making a Double Bottom, similar to the previous Higher Lows events.
Target: 1/21750 (just below the 0.2 Fibonacci retracement level).
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Outlook on EURUSD: Bullish play seenHi everyone! our call on XAUUSD last week played out nicely, for this week, we are seeing a bullish outlook for EURUSD. Prices are currently testing the weekly support zone in line with the ascending trend line and 78.6% retracement where we could see further upside here. On the H4 time frame, prices broke above the short term descending trend line where a pullback to in prices to the support zone at 1.18200 presents a buy opportunity. Keeping in mind the weekly time frame echoes a more bullish bias, with prices holding well above the ascending trend line, a break above the H4 resistance zone at 1.19200 could see prices push higher to the next resistance zone at 1.19800.
EURUSD Critical week. It is all about the 1W MA50.Last week the price closed below the 1W MA50 (blue trend-line) for the first time since May 18, 2020. Even though EURUSD is still on Higher Lows since November 02, 2020, it remains under the bearish effect of the Lower Highs since the Jan 04, 2021 weekly top.
This 1W MA50 break brings comparisons with the May 07, 2018 weekly breaking. At that time, the pair broke below the 1W MA50 and never closed a 1W candle above it in almost 2 years. Once it did, it marked the bottom and the 2020 rally started.
In my opinion, even though the price remains on Higher Lows, it is more important to make a weekly closing above the 1W MA50 to restore the bullish sentiment. Otherwise, as long as it does not, the price action should continue to show weakness, first on the Red Symmetrical Zone and the 1W MA200 (orange trend-line) and if broken, towards the 4 year Higher Lows trend-line.
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EURUSD hit the 1D MA50Pattern: Inverse Head and Shoulders on 1D.
Signal: Buy as the price is in the process of completing the Right Shoulder while it hit the 1D MA50.
Target: 1.23500 (the 6 month Resistance).
Most recent EURUSD signal:
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EURUSD | Perspective for the new week | Follow-upWe are yet to find an avenue for Bearish confirmation since my last publication on this pair as the price continues to find a higher high (see link below for reference purposes). Continuous rejection of the $1.22500 level since mid-May 2021 is a clue pointing at the possibility of a bearish momentum building up at this juncture in the market.
The prospect of positive clues on Federal Reserve monetary policy and weakness in the euro appears to be restoring some confidence back for the Greenback in the coming week(s) as I am looking forward to a Breakdown/Retest of Neckline which is also a Key level @ $1.21200 for confirmation.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. The line drawn under pivot lows is a visual representation of the prevailing direction and speed of price action in the last couple of months.
ii. We have witnessed a sharp rise in the value of the Euro since the beginning of April 2021 and the multiple rejections at the $1.22500 area reveal a decline in Bullish momentum as Sellers appear to be on the verge of dictating the direction of price action in the nearest future.
iii. Breakdown of Trendline on the 3rd of June followed by a sharp rejection of same during last week trading session anticipates a change in direction.
iv. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline (Key level I) @ $1.21200 for confirmations in the coming week.
v. Further plunge below Key level II @ $1.19500 might welcome addition to the existing position... Trade consciously! :)
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:6
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD Critical crossroadsPattern: Channel Up on 4H but if 1.22390 doesn't break, a Channel Down may take its place.
Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed.
Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line).
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