Major Breakdown or Reversal? EUR/USD 2-Week AnalysisEUR/USD analysis on the 2-week timeframe (14 days), the chart clearly shows that the price has faced multiple rejections from the upper resistance line, marked in red. Additionally, the price has broken below the strong 2-week support zone and is now trading just above the lower supportive trendline, indicated by the green line.
The Stochastic RSI is signaling a potential reversal, suggesting that the current price action may retest the breakout levels before making a decisive move. This could either lead to a rebound from the support or further bearish continuation if the trendline breaks.
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EUR/USD Short from 1.03000 (Supply Zone 6hr)My analysis for EUR/USD (EU) this week aligns with my view on other pairs, as the Dollar continues to strengthen. The bearish trend remains strong, and I plan to stay aligned with this pro-trend movement.
The price has broken structure to the downside and left a clean 6-hour supply zone that is yet to be mitigated. Once the price retraces to this supply zone, I’ll be looking for potential sell opportunities. I’ll wait for a redistribution pattern to confirm my entry before taking shorts. If the price continues to drop without retracing, I’ll monitor for a closer supply zone to form and adjust my setup accordingly.
Confluences for EU Sells:
- The price remains strongly bearish on higher time frames.
- The DXY is bullish, supporting the bearish trend for EU.
- A clean supply zone caused a Break of Structure (BOS) to the downside.
- The market is consistently forming lower lows and lower highs.
- A significant imbalance below still needs to be filled.
Note: If the price reaches the 7-hour demand zone below or the imbalance, I anticipate a potential bullish reaction, possibly leading to a retracement.
EURUSD 73% probability to close the day below the day's openingEURUSD 73% probability to close the day below the day's opening
On Euro today the probability of 73% to close the day below the opening price of 1.0342.
The selling zone is 1.0385-1.0491 with a target of 1.0342. Selling is in priority while the US dollar background is strong.
Buy zone 1,0269-1,0212. But new purchases are expected under the blue block with the target at its lower boundary of 1.0212. In purchases we reduce the trading volume by 4 times.
Basic rules:
If we have a high probability to BUY - it means that by the end of the day this asset will be closed above the opening price of the current day.
If we have a high probability of SELL - it means that by the end of the day this asset will close below the opening price of the current day.
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EU Short idea as we approach NFPLast week, EU went down after it touched a 1D Low crossing through a 1D FVG.
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
Scenario on EURUSD 11.12.24In this analysis, I think there are two possible scenarios and that is a long set up if we stay above the price range around 1.06100-1.06400, but if we do not break through this price range, then I would rather focus on some short set up, we will see the situation is not very visible at the moment.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#EURUSD 1 DAYThe EUR/USD pair on the 1-day chart is signaling a buy opportunity. This indicates that the current market conditions may be ripe for a potential upward movement in the Euro against the US Dollar. Traders might be observing several bullish indicators, such as recent price action showing higher lows, the formation of bullish candlestick patterns, or positive momentum signals from technical indicators. Entering a buy position at this stage could provide a favorable risk-to-reward ratio, especially if the price breaks through key resistance levels. As always, it's important to implement effective risk management strategies to safeguard against potential market volatility.
EURUSD: An In-Depth Analysis and Timeless Trading Strategy👀 👉 The EUR/USD pair is the most traded currency pair in the world, and in this video, I take you through a comprehensive analysis of this highly liquid market. I also present a trade idea that can be considered for today. However, the concepts and strategies discussed are not limited to a single session—they can be applied at any time in the future across various market conditions.
In this video, we explore the key features and benefits of TradingView, highlighting some of the essential tools I use in my day-to-day analysis. Whether you're a seasoned trader or just starting out, these tools can enhance your market insights and trading precision.
We delve into critical concepts such as trend analysis, market structure, price action, and the methodology for pinpointing precise entry points on any given trading day. This strategy is not just a one-time trade idea; it’s a robust approach that can be utilized across different currency pairs, making it a versatile addition to your trading toolkit.
Please note that while this analysis is thorough, it should be used as part of a broader trading strategy that takes into account your personal risk tolerance and financial goals. Trading in the currency markets carries inherent risks, and it's important to approach it with a clear understanding of those risks.
EURUSD ( TREND UNDER RESISTANCE TRENDLINE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates OANDA:EURUSD is under bearish pressure .
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.094 , indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.071, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.071 .
if the price breaking turning level reach a resistance level by 1.091 , then stable by open 4h candle above this level reach a 1.094
TARGET LEVEL :
RESISTANCE LEVEL : 1.091 , 1.094
SUPPORT LEVEL : 1.075 , 1.071
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD next weekFX:EURUSD : on the daily chart we have a Market Structure Shift (MSS). we can clearly distinguish the beginning of a retracement which will come to an end in two scenarios. the first scenario is the blank one that the market will try to hit the lower liquidity by beating the gap. the second scenario will instead bounce on the first lower gap attracted by the strong upper liquidity. in my opinion, everything depends on the strength of the dollar, I suggest monitoring the DXY for a probable entry into the market
Short EURUSDI'll be looking to see the EURUSD go lower this month. The DXY has been steadily gaining since the beginning of the year, and it seems like that continuation is likely to keep at it. I'll be entering a short position and looking to take profit at the lows of Nov 1st of last year (1.05197). Let me know your thoughts on this pair, if you share a similar analysis or something different I'm open to see all sides. Good luck traders!
EUR/USD SHORT "FOLLOWING THE STRUCTURE"we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
EURUSD Day Analysis | Sell SetupHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURUSD
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EURUSD Longs from 1.08000 back upCurrently, EURUSD has been in a prolonged range, gathering significant liquidity. Given the current state of equilibrium, I am not actively seeking trades at this moment. However, I anticipate a potential move to unfold, continuing the bullish trend. For now, I will be patiently waiting for a breakout before considering any trading opportunities.
There is another plausible scenario where price breaks above to mitigate the 10-hour supply zone, leading to a bearish reaction. This possibility is valid, considering the imbalances just below that need filling and liquidity that requires sweeping.
My confluences for EURUSD buys are as follows:
- A 10-hour demand zone below triggered a new CHOCH to the upside.
- The overall short-term trend is bullish, aligning with this idea.
- Imbalance above the demand signals a favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
- I also expect the dollar to keep dropping indicating that EU will keep going up.
P.S. As price is still considerably distant from any nearby Points of Interest (POI), I am content to wait patiently and refrain from taking any immediate action until price triggers one of the levels I am monitoring.
Have a great trading week ahead!