Get started

Eurusdtradeidea

EURUSD Bearish Elliot Wave Count and Trade IdeaAfter some attempts to trade bullish scenario on EURUSD but not getting the expected big impulse in wave 3, here is my alternate bearish count suggesting that wave 2 correction might not be completed yet. We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded flat to complete we must see a five-wave decline in wave (c) which seems to be in the making. I will be looking to short as long as the price is trading below the invalidation level on the chart. What's your view on EURUSD?
Short
by Veejahbee
EURUSD To Extend Higher RapidlyEURUSD is sitting at an important confluence area comprising of support zone, 61.8% Fib, and broken daily trendline. The pullback to this level can be easily labeled as a double zigzag in wave (ii) as you can see in the 30 minutes chart below. Price is expected to resume the wave iii of (iii) of 3 rally from or near the current market price as long as the "current invalidation level" remains intact. What's your thought on EURUSD? Let me know in the comment.' Thanks for reading. Veejahbee.
Long
by Veejahbee
15
What Last Friday Sell-Off Could Mean for EURUSDThe EURUSD saw a massive sell-off last Friday, which led to the formation of a bearish Pin Bar at a critical supply zone and weekly descending trendline. Although EURUSD seems to have resumed the advance from 1.087 major low on the chart, the correction might not be completed yet. The price action after the advance showed a three-wave down in wave (a) and three-wave up in wave (b). This pattern could result in a complex corrective structure in wave 2. If this count is correct, the pin bar should send the pair further lower in a five-wave pattern in wave (c) to complete an expanded Flat Elliot Wave pattern. The blue box and 78.6% Fib is the estimated area for wave (c) to bottomed. What's your view on EURUSD? Thanks for reading! Veejahbee.
Short
by Veejahbee
Testing support as resistanceSupport broken Support tested by a pin bar Pin bar = price action sell signal in this location Market structure = bearish (lower highs and lower lows Selling at market price @ 1.11092 with # SL above the pin bar @ 1.11187 and # TP lower down at previous swing low @ 1.10386 Nice setup here providing a 1:3 risk to reward ratio. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
Short
by Cmasterza
EURUSD LONG 1 HR ChartHello to all watching my charts Lets have a look to my favourite pair EURUSD today Due to political statements of Draghi the pair have startet a new Long wave. sinc q few days (Maybe you rmember my Post: Possible trendchange to LONG..) Thats startet some days ago Whats interested ia, that now we build up a stronger longchannel in the normal channel, so the power is clear to the upside thats easy to see in the chart (purple lines are the shorttime lines) At the moment EURUSD is head at the upper line of the longer ! UP channel, (Blue line) so maybe we will se a small correction but than it shoud take of more in my oppionion. Good trades If you want to support my work and my charts , it would be nice if you would like them... Renkotrade
Long
by Renkotrade
EUR/USD Technical Analysis:Bullish Rebound From the1.1240/60 News:- ======= #One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of May. #Today the election in the Spanish parliament is going on. The market will start with a few gaps on Monday. #There are several market movers data on 30th. Spain's GDP, CPI, Germany's Perleim CPI. Eurozone has several market-related data including Perlim GDP, Perlim GDP of Italy and ParelM CPI. There is no doubt that the 30-year-old Euro will be quite volatile. And Majharat reports are doing the past as well, otherwise they have better expectations than before. If reports come true, then it will be true for the ECB members that the second half of 2019 will revolt. At the same time, reports will also confirm that TLTRO has started receiving benefits. Mario Longowio, but he said this in his last speech. But in the future, market will give concrete farming to many of us, the authenticity of the members of the Oriental ecb and the benefits of TLTRO. And can take the euro long time to enter the mode? So, take a decision on these reports. And on Friday 3rd Friday the Eurozone CPI and Core CPI will be released, and both of these reports have expected better than before. So euro-bait is still not ready to do. Fundamental Negative Euro So far. #There are immidiate ratios from the current rate of 1.1200 area. 1.1200 area breaks the next target 1.1290 area. It does not seem to be able to drag more market before June even though the reports of the dropler are unexpectedly bad. Which is not possible It will not be too much of a side target. Until June. #On the other hand, there are major support at the current rate of 1.1113 / 1.1110 area. The low rate for the 17-17 sala was 1.1113 area. 1.1100 / 1.1110 Area Clear Break Out Next Destination 1.1000 Area This area can go all the way next month. Although there are many market mug data in the coming months. Still can think of 1.1100 bye-bye. Still seeing the report. Technical View : ============== There seems to be little in the way to 1.1240/60 resistances. EURUSD Sell level 1.1265/1.1300 Area. The EUR/USD pair is pressuring a daily high of 1.1228 and seems ready to extend its advance. It has surpassed the 50% retracement of its latest daily decline, with the 61.8% retracement of the same slide providing an immediate resistance around 1.1240. In the 4 hours chart, the 100 SMA converges with the Fibonacci resistance, while the 20 SMA turned higher below the current level. Technical indicators continue advancing firmly within positive levels, now nearing overbought territory, although with no signs of exhaustion. Failure at around 1.1240 should be a big warning for bulls. Support levels: 1.1190 1.1155 1.1110 Resistance levels: 1.1245 1.1280 1.1310 Daily SMA100 1.1336 Daily SMA200 1.1424 Previous Weekly High 1.1264 Previous Weekly Low 1.1111 Previous Monthly High 1.1448 Previous Monthly Low 1.1176 Daily Fibonacci 38.2% 1.1172 Daily Fibonacci 61.8% 1.1161 Fundamental Overview: ===================== The EUR/USD pair advanced past 1.1200, as dollar's selling intensified ahead of the US Federal Reserve announcement on monetary policy this Wednesday, also backed by upward surprises in European data. The German GFK Consumer Confidence Survey for May came in unchanged at 10.4, but the preliminary estimate of EU Q1 GDP printed 0.4%, better than the 0.3% expected and above the previous 0.2%, giving signs that the economic slowdown may have receded. German preliminary April inflation was quite strong, up by 2.1% YoY, when harmonized with EU. The US released Q1 Employment Cost Index, which remained steady at 0.7%. Pending of release are the CB Consumer Confidence Index, and Pending Home Sales. Meanwhile, US equities are poised to open sharply up, skewing the risk in favor of the EUR when it comes to the EUR/USD pair.
Short
by Saleh11
EURUSD Trade Idea using Markup Buddy IndicatorEURUSD view on H4 Note the lower highs that has formed indicating a bearish trend. The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward. # For more information on Markup buddy please read here www.profitfxza.com See my analysis below while using this tool: I am waiting for the support to be broken in order to consider shorting this pair. The previous candle has printed a hammer on the support however this could be a false signal to fool retail traders. Stay tuned!
Short
by Cmasterza
EURUSD Trade IdeaThis is a simple yet effective strategy that offers great risk to reward ratios and a good strike rate. The RSI is heavily oversold so I am looking for a buy signal and an inverted hammer has been completed. This is enough reason for me to enter the trade... # RSI oversold so looking to buy # Buy signal printed (inverted hammer) I have bought at market price 1.11358 # Stop loss below the buy signal at 1.11129 and # Take profit at the next resistance level @ 1.11912 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below for real time updates
Long
by Cmasterza
1
SELL: Why Technical Indicators don't work in forex trading Technical indicators are very sexy for new traders and even majority of professional traders but i will take a moment to tell you why they don't work most of the time. Also Scammers who want you to believe that somehow this indicators and systems created from them are magic bullets . The truth is they are not and that's why 90% of all retail traders blow up at least 3 trading accounts before they start to figure it out Technical indicators - Use past data to calculate the required values or prices - they do not forcast or predict any future values or prices - Most of the indicators were originally used in Stocks and slowly migrated in FOREX but forex in a very volatile class of asset and is traded 24x7 on Banks network and 24x5 on Retail ECNs. - Systems like Elliot Wave System, Pivots , GAN, etc are great but they are totally and completely useless when it comes to Forex. - Indicators should act as sign of what might happen but not what is going to happen. - Remember that the " PAST is not a guarantee to the FUTURE ". Technical indicators look at the PAST and try to guarantee or guess the future that's where the problem starts . Over 92% of all major forex trading by the "BIG BOYS WITH BIG PANTS " is done using Complex Algorithms and some using Artificial Intelligence. Technical indicators are completely useless in this regards. Lots of DATA and Complex AI Mathematics is the KING. This new breed of Complex AI algorithms does not have emotions or anything to worry about but execute trades as per the AI or complex mathematical Algorithms and forcast or predict with precise accuracy ( 60% to 98%) the future price or trends. They do this over and over and over. Whether the price shoots up or sideways or down , it does not matter, they consistently make some profits. Your technical indicators are completely garbage at this and will not help you to trade profitably. If anyone wants to make any profits consistently start learning something to do with trading mathematics and AI by yourself. Avoid Scammers who say they have systems and are profitable. TRUTH: No one and i mean No one will ever sell you an AI trading system or any trading system that actually makes money for them . Stop dreaming or being suckered into some of the posts here from SCAMMERS who want to make you believe that somehow you will make money by following their system or any system for that matter. " NOPE YOU WON'T " -- Learn and understand how to trade yourself first and add some mathematics and AI to it and then just keep learning . All this is free online do not buy any garbage courses or software you see being advertised online mostly by scammers. My Trade SELL: Entry: 1.1576 to 1.1608 Exits : anywhere below 1.1550
Short
by developeralgo222
1
EURUSD - Next Long Term Impulse (is coming soon)Hi guys, You've probably been enjoying the EURUSD ranged market over the past week or so, but wondering where it will go next. If you remember, we had something very similar back in May. The sideways consolidation ended with a large impulse to the upside (bullish). If you look at figure #1 and #2; we are in the same type of consolidation pattern now. If the same results plays out, we will get a strong impulse to the upside (bullish) after the consolidation period is over. Daily up trending support is still holding. This suggests higher prices 'until' support fails. I would like to see a 'clean' break above 1.1280 before I open another long term position. Until then, I'll keep playing the channel with tight stops above resistance and below support. NOTE: This is not trade advice, just my opinion(s). Please trade safe and keep an eye on news.
Long
by riffster21
EURUSD - T Rex PatternI closed my EURUSD. My sell signal generated very little profit. The pair dropped a little, but mostly sideways. The EURUSD seems to be winding down to the bottom of the flag (i.e. my T Rex). It's a downward flag, but the swing trend is fairly bullish. Another patience game. I have alarms set for support and resistance. I'll wait and see which way it breaks out, then trade accordingly. I would like to see this pair break through support, but only time will tell. If it breaks resistance, then I'll ride the bull run for a few pips. Waiting...
by riffster21
EURUSD SHORTEURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in WEEKLY Chart . * To sink and come near 1.0898 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) May not be of the same view. * CCI (20,CLOSE) may not be of the same view. Keeping in view the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1.0946 SL@1.0966 Tgt 01: 1.0898, Tgt 02:1.0875, Tgt 03:1.0806 . We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari