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Eurusdupdate

EUR/USD Longs from 1.08600 back up to 1.09400EU is following a pattern similar to GU as anticipated, so the approach will be similar. I'll be seeking buying opportunities near the current price, given the presence of a 6-hour demand zone that prompted a Breakout to the Upside (BOS). If price approaches this zone, I anticipate a Wyckoff accumulation formation before entering buy positions. However, there's an Asian low beneath the zone, so I need to exercise caution regarding the potential buy. If we witness a successful reaction, I anticipate a price rally to fill the imbalance above, eventually leading to the mitigation of the 17-hour supply zone for potential selling opportunities downward. Confluences for EU Buys are as follows: - Price is approaching a decent level demand on the 6hr. - Imbalances and liquidity above that need to be mitigated. - Price has already been moving recently bullish the past couple weeks. - After asian low gets taken I can expect price to slow down and accumulate. P.S. With the shift in price character to the downside, this could represent a temporary retracement. However, if price persists in breaking structure to the downside, there's a possibility of this demand failing and selling pressure becoming more dominant.
Long
by Hassan_fx
4
Weekly Price Review / EurUsd 2nd Week March 24'🏗️We Depreciated -46.4 Pips this week on EurUsd. This was due to profit taking from the increase in recent weeks, CPI data that wasn't favorable for the Federal Reserve's goals, and confluence with a Weekly Resistance Level 1.095. In this Analysis we begin by looking at how the Monthly and weekly timeframes pulled to the downside. We then go down to the 30 minute timeframe where we observe market structure and analyze how news releases impacted price behavior. We finish the analysis by breaking down price behavior on a session to session basis throughout the week. 0:0 Monthly timeframe and Introduction 1:19 Weekly Timeframe 2:10 daily timeframe 2:39 4hr timeframe 3:15 30m timeframe and Analysis Leave a Rocket and/or comment below for similar videos.
by ShrewdCatfx
2
EURUSD I Intraday long opportunity from support zone Welcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
7
EurUsd Slightly Lower after Inflation Day 🎛️Hello Traders welcome back to another Top-Down Analysis of EurUsd. Today was CPI Inflation day and the market is about Break Even after the Day's trading. At One point EurUsd had depreciated in favor of the USD by about +.21% but we have since retraced .. possibly from profit taking and normal market movements. 0:0 Monthly Timeframe 1:51 Weekly timeframe 2:35 Daily timeframe 4:17 4Hr timeframe 5:55 1Hr timeframe We observed an increase during Asian session back towards our weekly level 1.095 that was duly corrected as is expected from an Asian session move. London session corrected the Asian session move back to near the open of the Daily candle where we observed a bounce prior to CPI inflation data news release. CPI whipsawed down dramtically as the numbers were better than expected for the dollar at 3.2% (better than the 3.1% y/y). This opposes the Fed's goal of 2% y/y so it'll be interesting to see if we continue to reject 1.095 Weekly level in the ensuing days after CPI release. Our First target for Shorts would be a retest of the Lows created today at 1.09092 and possibly we touch 1.08722 in coming sessions. The fundamental reason would be market particiaptns flocking into the dollar as a safe haven asset since the Fed is moving in the wrong direction, and away from its 2% y/y goal.
Short
by ShrewdCatfx
Special Guest Intro / March NFP Top-Down Analysis 🎨Hello Traders! Today we were fortunate enough to have the ShrewdCatFx Illustrator make an appearance on the Air. Yes, it is that time of the month for NFP data! 0:0 Special Guest & Monthly Timeframe/NFP Expectations 2:32 Weekly Timeframe 3:43 Daily Timeframe 6:20 4Hr timeframe 8:27 1Hr Timeframe Numbers are expected to decrease over the prior period but growth is expected overall as 198K jobs are forecasted to have been created in February. The figure from ADP on Wednesday missed expectations slightly as 149K was expected and 140K was the actual figure. If the data tomorrow is better/more than 198K, then I'm anticipating a partial retracement of the increase we've observed so far this week. (Up 120 Pips this week) If the Data is close to what is forecasted (198K) or falls short of that number, then I anticpate a strong continuation move to the upside towards 1.09729 Daily Level and 1.09828 4Hr Zone. We may even moon towards the Monthly level 1.105. Otherwise, favorable numbers will cause a retracement (as previously mentioned) back towards 1.09039 4Hr Zone and 1.08834 Daily Level.
by ShrewdCatfx
Mid-Week Analysis of EurUsd / NFP Week 🛰️Hello Traders welcome back to another Video Analysis of EurUsd. NFP week typically never disappoints with volatility an big volume moves in the market. Today we observed a nice move to the upside that coincided with the Fed Reserve speech during NY session. 0:0 Monthly timeframe/News/Intro 1:40 Weekly timeframe 3:32 Daily timeframe 5:58 4Hr timeframe 6:41 1Hr timeframe Initially the 4hr candle closed with no top wick. Price consolidated for an hour prior to the Jerome Powell speech in which we observed solid volume and a 30 pip increase to the upside. We broke the previous Monthly candle's high which is quite bullish. Our next targets for Longs include the next 4hr zone 1.0926 and 1.095 Weekly resistance level. For Shorts we would like to see a break and close below 1.0895 1hr/4hr support zone. From there a retest would be a nice entry as price could retrace back towards our daily level 1.08834 which was our Daily resistance.. and now could act as a Daily support area for further Longs as the week progresses.
Long
by ShrewdCatfx
1
EurUsd Buyers battle @ 1.086 4Hr Zone ⚔️Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and during Monday's price action we observed Risk on sentiment with the Eur being favored. Maybe this will come to a halt, and during today's price action we will see a retracement back down with the positive expected USD data. If Risk-On sentiment continues, a candle closure above 1.086 on the 1hr and especially the 4hr may confirm solid long orders up to the next daily level (1.0888).
by ShrewdCatfx
Eur/Usd March 24'... Risk on Sentiment? 🕶️Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago. Apologies if this analysis was a bit scattered and have a nice day! 0:0 Intro and Monhtly timeframe 1:50 Weekly timeframe 3:31 Daily timeframe 3:51 back to Monthly to explain new monthly candle potential 5:10 back to daily timeframe 6:53 4Hr timeframe 8:16 1Hr timeframe Attempted a brief analysis but ofc it ran longer than I would've liked :)
Long
by ShrewdCatfx
EURUSD Analysis for a Positional Trade with amazing Reward We have a Fresh Weekly Demand and a Fresh Weekly Supply areas formed, Now Price has just reacted to the Weekly Demand and post a Confirmation in lower timeframes in the Upward direction(In the direction of the Trend), we will buy with a defined risk. We see that the previous High is violated and a potential 4H Demand has formed, now there are two possibilities either this 4H Demand will take the price till its Weekly Supply in the opposite or this 4H Demand will be violated. Lets check the Reward to Risk ratio of this 4H Demand, as per the statistic anything above 3:1 is a good opportunity and any FII wouldnt miss such Trades. Here is the Trade with a Reward : Risk ratio of just a little more than 6:1. Thank You and ENjoy the Ride ! ! !
Long
by WavesandZones
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
by Nabil_Bibich
Eur/Usd silent commentary analysis 📻2 Hours after London Close 2/28/24. Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle closes. GDP Preliminary numbers contracted today and missed expectations of 3.3% Q/Q. It was 3.2% so a difference of .1%. This was enough to cause a sudden 4 pip drop followed by an 8 pips increase in 2 minutes. This was a catalyst for the bullish sentiment all morning for the Eur/Usd ad therefore the Eur. Key levels and session behavior described in more detail in the video.
by ShrewdCatfx
Bullish momentum is over? 📊Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range and price may reach across the clean traffic range to 1.08166 . A 27 Pips range.
Long
by ShrewdCatfx
2
Eur/Usd Top Down Analysis Feb 24'Eur/Usd! The reaction off 1.08927 was quite dramatic last thursday and friday. Intro/Monthly TF 0:0 Weekly Timeframe 4:05 Daily timeframe 6:29 4hr timeframe 9:29 1Hr timeframe 11:33 Price has retraced and since dipped into a 4hr zone 1.08011. It bounced here on friday and the price action consolidated after that. It is possible that we may observe more sideways movement before another continuation. I liken a continuation for buyers because of sentiment moving out of last week due to cad news. It is quite normal to see a reaction off a daily zone like we observed on thursday and friday and it could very well be just a pullback in an uptrend. Caution however! Not Financial Advice. Education Purposes Only.
Short
by ShrewdCatfx
3
EUR/USD Longs from 1.07800 back up to 2hr supply or above.This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone. During this process, I expect price action to slow down after consuming a significant amount of liquidity, signalling a potential Wyckoff accumulation phase. It's worth noting the presence of an Asian low beneath the demand, which warrants caution. However, I want to emphasize that this is a counter-trend notion, and my overall sentiment for EU remains bearish. Confluences for EU Buys are as follows: - Price broke structure to the upside and left a clean 10hr demand zone. - Still some imbalance that still hasn't been filled as well above my demand POI. - Market also broke major structure to the upside could indicate a bullish trend. - there's some liquidity above the recent high that needs to be taken as well. - Triple touch trendline liquidity that needs to be swept. - for price to go down it must mitigate a supply higher up like that 12hr. P.S. Ideally, I'm looking for another rally to trigger price action to clear out the significant pool of liquidity located just below the 12-hour demand zone at the top of the chart. However, I anticipate price to establish a new supply once it descends to take out the trendline. This would allow me to wait for a mid-week pullback to sell down towards the demand. Have a great trading week and lets catch these PIPS!
Long
by Hassan_fx
4