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Eurusdsignals

EURUSD Started the new bullish leg to the top of the ChannelEURUSD followed the buy recommendation we made more than a month ago on the market bottom (see chart below) precisely on the way to our 1.11350 long term target: The price is now above the 4H MA50 (blue trend-line) with the 4H MA200 (orange trend-line) strongly supporting, having almost caused the Double Bottom of last Thursday. The break-out above the Lower Highs trend-line is similar to the one on June 08 where a minor pull-back for a 4H MA50 re-test, propelled the bullish leg that peaked on a +3.20% rise. A new rise of such magnitude would place the pair at 1.11820, exactly at the top of the multi-month Channel Up and the 1W MA200 (red trend-line), the long sought target for long term buyers. We stick however to our slightly lower target of 1.11350 as the presence of the 1W MA200 may start exerting heavy selling pressure a bit earlier. So it is best to close any long there and wait for a clear confirmation signal for a new long term bullish break-out. Otherwise, we will be ready to sell the rejection and of course we will update our thesis here. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Started the bottom phase. Take advantage of this pattern.The EURUSD pair has entered its new bottom phase to price the new Higher Low on the 6 month Channel Up. That has completed the sell continuation we called after the 1D MA100 (green trend-line) broke 3 weeks ago and set a 1.0700 target: The 1D RSI break-out above its MA trend-line, practically confirmed the start of this bottom process. We can't overlook the potential for another Triple Bottom on Lower Lows, the first of which close above the (dashed) Inner Higher Lows trend-line, but EURUSD is now a long-term buy opportunity regardless. On the shorter term you may work within this Megaphone pattern, buying on the Lower Lows trend-line and selling on the Higher Highs, until the price closes a 1D candle above the 1D MA50 (blue trend-line) and enters the second part of this new Bullish Wave. Our long-term bullish target was and remains 1.11350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EurUsd could drop to 1.05On Friday's EurUsd market commentary, I've written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend. The pair, indeed reversed from that zone, but what should have been a correction is looking more and more that a resumption of the move started in mid-April. Technically also a bearish move is more likely with this reversal from the 1.0750 zone, a zone that acted as support of resistance in the last year and also as strong support back in 2020. Also, with the price under both 50 MA and 100 MA, a bearish move is more likely. In conclusion, as long as 1.08 is intact, I'm looking to sell rallies.
Short
by Mihai_Iacob
16
A very important resistance for EurUsdTwo days ago I've written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance. The pair took a dive under 1.07 at first, but this proved to be a false break and now is trading again in this important level o resistance. The recent rally from around 1.0630 is very strong and indicates a bottom is probably in place and more gains could follow. 1.07 zone is again support so, in my opinion, dips towards this level should be bought. 1.0850 is the first resistance and could be the target for buy trades.
Long
by Mihai_Iacob
32
EurUsd- Bottom in place?Yesterday, EurUsd spiked under 1.07 and, after a low at 1.0674, the pair reversed and managed to break back above the falling trend line started at the beginning of the month (we also have a long tailed bullish engulfing on our daily chart). This spike and reversal could very well suggest a bottom in place and EurUsd could be ready for more gains. Confirmation for a bottom comes with the price above 1.0750-1.0760 zone resistance and, in such an instance bulls could expect more gains with 1.0850 as target and negation under yesterday's low.
Long
by Mihai_Iacob
2
EURUSD Has started to turn into a buy opportunityLast week, as well as two weeks ago (see charts below) we called for a sell continuation on EURUSD after the 1D MA100 (green trend-line) broke and called for a 1.0700 target: The target was reached and as you see the price hit the Inner Higher Lows trend-line of the long-term Channel Up, similar to the Low of February 24. At the same time, on a perfect act of symmetry, the 1D RSI also hit the 33.20 level, as on February 24 and is rebounding. The bullish break-out confirmation will come when the 1D RSI closes above its MA. It is not impossible to see a Triple Bottom on a bearish slope (i.e. slightly Lower Low) as on March 15, but the pair is now entering its Buy opportunity stage. Our long-term target is now the top of the Channel Up at 1.11350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Last decline starting. Be ready to buy on this signalThe EURUSD pair is close to hitting our sell target as presented to you on our last week's analysis (see below): The 4H MA50 (blue trend-line) remains the Resistance since May 08 and following the 4H Death Cross, we are on the 2nd part of the correction within the 6-month Channel Up. The Lower Lows as defined by the previous correction phase of February show that the bottom may be a little lower than our 1.07000 sell target, on the Inner Higher Lows trend-line which has already three exact contacts. In either case, we will only buy when the 1D RSI breaks above its MA trend-line, which was the buy signal on February 28. Our long-term bullish target is 1.11350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
EURUSD within the 1D MA50-100. Trade the break-out.The EURUSD pair is still trading inside the long-term Channel Up pattern we identified more than 2 months ago and bought the bottom (see chart below): With the recent price action however, we shift our attention to a shorter term Channel Up due to the possibility of extending the recent selling. The pair is basically trapped within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) for 5 straight 1D candles. We will trade the break-out, depending which direction the 1D candle will close at. A 1D candle closing above the 1D MA50, will be bullish targeting the top of the Channel Up at 1.11350. A 1D candle closing below the 1D MA100 will be bearish, targeting 1.0700 at least. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
9
EURUSD On the 1D MA50 after 7 weeks. Support near.The EURUSD pair continues to trade inside the long-term Channel Up pattern we used to call for our big bottom buy more than 2 months ago: Today the price is testing the 1D MA50 (blue trend-line) for the first time since March 24, having broken below the 0.236 Fibonacci level for the first time since March 17. The 1D MA100 (green trend-line) was the level that supported the previous correction within this long-term Channel Up on March 08 and March 15. We treat this as a strong long-term buy opportunity, targeting Resistance 1 (March 31 2022 High) at 1.11850. Note that the 1D RSI shows strong symmetry with the January 05 pull-back. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Ultimate buy on the 1D MA50 but bullish nonethelessIt has been 2 months since we called for a long-term buy on EURUSD at the bottom of the Channel Up on our March 07 analysis, targeting 1.06800 and 1.10300 in extension: Both targets have been hit and as the 1D RSI is posting a price action similar to November - December 2022, this pattern becomes again more relevant than ever. This RSI fractal initiated a pull-back on January 02 near the 1D MA50 (blue trend-line) and on the 1W MA50 (red trend-line), which was the first test of that trend-line as a Support (successful) since it was a long-term Resistance for one and a half year. The price has been trading within a smaller Channel Up inside the 0.382 - 0.618 Fibonacci levels and only if we close a 1D candle below it, we will expect a 1D MA50 test. The long-term Support is the 1D MA100 (green trend-line) which supported EURUSD on the last Lows of March 08 and March 15. SO until the 0.382 Fib breaks, we will continue to target 1.11850 which is the Resistance 1 formed by the March 31 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD Pull-back, Rise, Repeat.The EURUSD pair has hit yet another target following our bottom buy within the Channel Up 9 days ago: By doing so it almost hit the 1.786 Fibonacci extension, which was the next target level on this sequence of Higher Highs. The next one is the 2.0 Fib at 1.11500 but not before a pull-back inside the usual Buy Zone of the 4H MA50 (blue) and 4H MA100 (green) trend-lines. Ideally the 4H RSI should drop near the bottom of its Rectangle to give a Buy Signal. On the other hand, if the price closes below the 4H MA100, hence below the Channel Up, we will sell, targeting the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
EURUSD Buy at the bottom of the Channel Up.The EURUSD pair executed our long term plan as presented on our early March idea perfectly: Right now, it is rising above the 4H MA50 again (blue trend-line) after nearly touching the bottom of the Channel Up pattern that started on the March 23 High. Since the first Low, the Higher Highs that followed touched the 1.236 and 1.618 Fibonacci extensions. The next one can be on the 1.786 Fib. Our target is 1.1100 and that would be a +1.74% rise, similar to the April 04 High. Notice also that every High and Low on the Channel has been a High/ Low on the RSI's Rectangle. When it turns oversold again, it will be an early indication to take profit. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EurUsd- Where to sell for strong R:R? (SWING TRADE)After the dive to the 1.05 zone, EurUsd recovered and at the time of writing is trading back above 1.09. To be honest, I don't see a fundamental reason for a reversal on this pair to the more familiar ground (1.15 or so) and the most probable scenario, in my opinion, is range trading for the months to come. That being said, 1.1 should provide resistance, and rallies above this zone should be considered good opportunities for bears. Considering a medium-term sell trade slightly above 1.1 with a 150 pips stop loss and a target in the recent low zone could make a lot of sense considering the 1:4 R:R
Short
by Mihai_Iacob
22
EURUSD More selling pressure until it bottomsEURUSD rebounded on the 4H MA50 (blue trend-line) since our March 24 analysis, but hasn't reached the 1.10300 Target yet: What emerged since then is a Channel Up and the current break below the 4H MA50 is significant enough to push it as low as Support 1 (1.07870) and the bottom of the Channel Up. The RSI hit its Lower Lows trend-line though and based on the previous hits, it always pushes the price higher. If you hadn't already bought the low on our March 24 buy call, you may now make a split buy entry (half size lot) now and on the bottom of the Channel Up. Our target is unchanged at 1.10300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Bullish but hit the top of the Channel UpThe EURUSD pair has recovered after the drop below the 4H MA50 (blue trend-line) and is almost at the top of its short-term Channel Up. With the 4H RSI reaching its Lower Highs trend-line, we expect pull-back to the bottom of the Channel Up and the 4H MA50 before a rebound that will test Resistance 2 and our 1.10300 long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EURUSD rebounding on the 1D MA50. Key to this trend.The EURUSD pair is on the second 1D green candle after hitting and closing above the 1D MA50 (blue trend-line). This is an extension of our last week analysis on the 4H time-frame: Moving up to the 1D time-frame we can see the long-term dynamics more clearly. As long as the price is closing above the 1D MA50, the pair is targeting Resistance 2 at 1.10300. A closing below the 1D MA50, could cause a short-term pull-back towards the 1.05765 Symmetrical Support. If the price manages to close above it, it will be an even better buy opportunity for the long-term, targeting at least 1.12000. A similar 1D RSI Higher Lows fractal from September 27 to November 03, targeted almost the 2.0 Fibonacci extension. And that is currently at 1.13500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
EURUSD Supported on the 4H MA50. Buy signal.The EURUSD pair is executing our long-term well as explained on this idea earlier this month: After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is 1.10300 (Resistance 4). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
9