Eurusdtrend
EURUSD Following the planEURUSD is perfectly following my plan. I closed my first short for around 30 pips gain and i am now waiting for a confirmation to enter again. My idea is to wait till 11 AM NY time, i want to see if US session can bring us some volatility. If there i will see a bearish pattern, i will enter short again targeting the 1.06 area. Invalidation above the black line at 1.07350
EUR/USD Weekly prediction setup Institutional tacticsHello traders this a weekly swing setup prediction in EURUSD
1/3 Risk reward trader
The strategy ; Instituional tactics
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EURUSDDear Traders,
We have witness change in price action, our bias remain same although now we are looking at the different area from where we can take entry. The first area is identified on the chart as 'entry' and then there are three areas to set 'take profit'. For stop loss it is up to your own risk management.
Remember, do your own research too, and only take if it matches your own chart analysis.
EURUSD Waiting for a short entryI see a main bearish trend for EURUSD. I drawed a possible bearish flag and a resistance area at 1.07500. If this area will hold, i think the bearish trend is still strong and i will wait for an entry as soon as we will break below the flag. First target for the short 1.05500
EURUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500.
Fundamental news: Upcoming week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis.
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Bullish Euro data and Hawkish Fedspeak sends EU higherHello traders.. Ever Since April 16th we can observe a pullback on Eurusd. We recieved bullish fedspeak on April 16th, as Chairman Powell mentioned the recent interest rate hike intervention is not having it's intended affect. The jobs market is hot but the real issue is 2 consecutive months of increasing inflation. This issue may cause interest rates to remain high or even increase in due time to slow down the economy. We've seen a slight change in sentiment as the Dollar index has been ranging and selling off since this announcement. Possibly because the market is pricing in another (Risk-On) Interest rate increase by the Fed at the next meeting. This is causing market participants to put money into other asset classes that may offer a better return. It's not going into gold since gold is down 3% since the statement.. gold is a Risk-Off and safe haven asset class and one may expect this. It is neither going into Oil, as Oil is down 3.07% since the statement. Definitely not the stock indices, Nasdaq for example is down 2.23% since the statement. Maybe some of it is going into Bonds as the 10Yr Yield is down .5% since the statement. More has gone into Bitcoin, as it is up 2.74% since the statement. Moreso, the monies that have been flowing out of the USD since the announcement appear to be going Risk-On currencies. The Aud/Usd pair is up 1.45% since the announcement.. The NZD/USD pair is up .90% since the announcement.. Now we sort of see where the flow is going. Moving forward with EU, it is possible we may continue to pullback with this current Risk-On currencies market sentiment. This next daily candle is contending with the new daily resistance level, 1.07. These are my favorite levels in the short term here.
EurUsd - How long will Risk-On sentiment last?Hello traders.. For EurUsd we observed a very nice swing to the upside over the previous day of trading as decent Eur data beat Usd data for services and manufacturing PMI. We saw initial upside with the Eur data shortly after London open and this was followed by a pullback. Only until more data was released during NY session , we were to see another bounce to the upside. Risk on sentiment was the name of the game today as the Dollar index sold off with the Bad USD data. This was also coupled with a descending Vix and rising U.S. stock indexes leading up to and with the Bad USD data. The monthly candle is currently pulling back up. The weekly candle has shot past the previous weekly high by about 15-20ish pips. The Daily candle closed strongly bullish today, suggesting some more upside moving into this next day of trading.. we have no news in the upcoming session. Asian has pushed up slightly to begin the day. Key prices to watch in the upcoming session 1.0701, 1.06936
EURUSD
In the 4-hour timeframe, EUR/USD appears to be exhibiting a bearish trend as it tracks within a descending channel pattern. This pattern suggests that sellers are exerting control over the market, leading to lower highs and lower lows. Traders may look for opportunities to enter short positions, targeting potential support levels within the channel. However, it's essential to monitor for any signs of reversal or breakout from the channel to adapt to changing market conditions.
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis.
Key Levels and Fibonacci Retracement:
Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal.
Trade Setup:
Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern.
Risk Management:
To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements.
Profit Targets:
We propose three profit targets to capitalize on the anticipated bearish momentum:
Take Profit 1 (TP-1): 1.06344
Take Profit 2 (TP-2): 1.06048
Take Profit 3 (TP-3): 1.05760
Conclusion:
In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan.
This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment.
Disclaimer:
Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
EURUSD: Strong US retail sales push the dollar to new highsThe US economic system acquired a super improve from an first rate growth in retail income in March, which contributed to a sturdy monetary enlargement and a massive strengthening of the greenback. in comparison to different principal currencies.
The greenback`s upward push comes amid issues approximately China's economic system, which, despite the fact that first-area annual GDP boom of 5.3% handed expectancies, noticed zone boom and income growth. Retail income in March did now no longer meet forecasts. Furthermore, China's new domestic costs skilled their sharpest decline in 8 years and actual property funding fell almost 17% yr-on-yr.
The US greenback index hit a five-month excessive on Tuesday, marking a 4% advantage during the last six weeks. This growth comes as expectancies for hobby fee cuts through americaA Federal Reserve (Fed) are shrinking, even as different critical banks are going through stress to loosen economic policy.
As a result, the euro, China's offshore yuan and the British pound fell to their lowest ranges in opposition to the greenback because November. The Japanese yen additionally weakened to a brand new 34-yr low of 154 .60 in line with greenback and forex volatility measures hit their maximum in extra than months.
EURUSD Technical Analysis and Trade IdeaIn this video, we explore a trading approach for the EURUSD pair. Our analysis suggests a potential trading opportunity. We provide an extensive analysis of the current price trends, carefully assess the market structure, and consider the dynamics of the market. When conditions are favorable, we identify a possible entry point. However, it’s critical to highlight the necessity of employing effective risk management tactics. Please be aware that this video is designed strictly for educational reasons and is not meant to serve as financial guidance.
EURUSD Analysis of PreferforexEURUSD is currently moving towards an Extreme Point of Interest (POI) Zone. This is the final POI in the recent trading range, and below this POI, there is no unmitigated area. Despite the market being heavily bearish, we can expect a bullish reaction when the price touches this zone.
EURUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I want price to make a retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500.
Like, comment and subscribe to be in touch with my content!
EURUSD SELLHello, according to my analysis of the EURUSD pair, the market has reached a very important area, which is the resistance area, at the level of 1.09800. Also, this level is the retracement of the 61% Fibonacci golden ratio. We also notice the formation of a candle with a tail on the four-hour frame, confirming a strong entry for sellers. Good luck to everyone