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Eurusdtradeidea

EURUSDOnce again, market will always leave clues as to what it wants to do, I do not predict the market but my bias would be for a sell position seeing the price action clues on Monthly and daily however before taking a position, I will wait for price to break through the identified zones. Look for your entries on H4 Kindly like and follow for more, thanks Past results does not Guarantee Future Results, do your due diligence. Trade Rules: Use proper risk management When the trade is taken, once in 20 pips profit, breakeven and protect your capital As trade moves, look for fresh entries in line with the position taken
by Mbjoey
EUR/USD and a POSSIBLE BUY#PreparationHey tradomaniacs, looking at EUR/USD I can see a possible long-scenario in order to continue the trend. Technicals: The previous fakeout by DXY caused a sell-off in EUR/USD which instantly stopped by the retest of the current two trendlines and key-support-zone. Currently we can see a Flat-Type-Correction which is very typical for the 4th-Wave of an entire Impulse. As you can see in the D1-Chart: The market is currently in an uptrend and kinda consolidated ahead the NFP`s. With the previous fakeout to the downside (SL-FISHING) and the retest of the trendline and the support we might see more BULLISH CONFLUENCE as buyers got liquidated during the NFP`s. The result has been a double-botton which is giving us another evidence for a move upwards. A 5th wave is very likely at least according to E.W. Fundamentals: The previous NFP-Data were overall bearish for DXY as the positive Figures were a confirmation for the current low monetary policy of the FED. The market will probably price in more liquidity for the market and so more inflation in the USA which will probably boost EUR as it has a weight of 57,5% in the US-DOLLAR-BASKET. IMPORTANT: The European Central Bank has its monetary policy meeting this week! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2
EURUSD multiframe analysisHello Trader, Here is the full analysis of EURUSD: 1) Monthly - No significant price action found. 2) Daily - There is a retracement upto 23 and expecting it to test 0.38 and 0.5 fib levels. 3) 4hourly Prices are moving between 1.1345 and 1.2686 levels Action Expecting a fall upto 0.38 and 0.5 fib levels because of very big impulse and we can see short selling upto this levels. 1.1192 and 1.1127 levels are crucial and one can look for long in this range. Technical Indicators: Moving Averages Bullish Technical Indicators Bullish Moving Averages Crossovers Bullish How can you support me : 1) Like my idea. 2) Follow me for more analysis Feedback : Please share your feedback in comments and this will help me to improve my drawing and analysis Note : This is purely for educational purpose.
by technicalwhale
5
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