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Longeurusd

EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024 EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon. Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover /// BUY USDJPY : zone 1.07950 - 1.07750 SL: 1.07450 TP: 60 - 100 - 250 pips (1.10250) Safe and profitable trading
Long
by Moon-ForexAcademy
5
EUR/USD Buy Trade IdeaThe EUR/USD pair appears to be on a bullish trajectory, presenting an opportunity for a buy entry based on technical analysis indicators. Analysis: Key Support Level has formed around 1.076, indicating strong demand for the Euro against the U.S. Dollar. Technical Indicators such as moving averages and RSI confirm bullish momentum. Recent Break of Downtrend Line suggests a potential continuation of the upward trend. Important Note: Always consider risk management and be prepared to adjust the strategy in case of unexpected volatility.
Long
by mohammad_alavi
2
EUR/USD: Post-NFP Volatility – Long Setup After Weak EmploymentFollowing the release of key U.S. economic data, including the Non-Farm Payroll (NFP) and Unemployment Rate, we see a significant spike in volatility for EUR/USD. The NFP came in lower than expected at 142K vs. 164K forecasted, which typically weakens the USD. However, the market’s initial reaction suggests a potential retracement or continuation of the bearish move, providing a possible long opportunity on the 15-minute chart. • Non-Farm Payrolls (NFP): The U.S. economy added 142K jobs in the latest report, missing the expected 164K. This is a bearish signal for the USD, as it suggests slower economic growth. • Unemployment Rate: The unemployment rate rose slightly to 4.2% from the previous 4.3%. This marginal improvement adds mixed signals to the market. • Average Hourly Earnings: A positive note comes from the average hourly earnings, which increased by 0.4%, suggesting some wage inflation. Despite the weaker NFP, the initial reaction in EUR/USD indicates a potential continuation of the downward momentum as traders might be focusing on other factors like broader market sentiment or upcoming FOMC speeches. Trade Setup: • Entry: Enter a long position at the current market price near the 1.1083 level. • Stop-Loss: Place the stop-loss slightly above the recent high around 1.1062 to account for any possible retracement. • Take-Profit: Target the next support level near 1.1140, where price action has previously found selers. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
4
LONG EURUSDLONG EURUSD First idea published. Don't execute on this. Friday-Monday AM - correction from previous week impulse leg Sunday NY PM Session 13:00 sharp - correction reaching into HTF (H4) order block from previous week - potential low of the week formed Tuesday London Session - impulse leg - leaving previous day high and candyland intact - liquidity at candy land = multiple rejections at that level + FVG - liquidity at double top, additional liquidity just above candyland) Trade Idea - Tuesday NY 8:30 correcting in discount territory of london impulse leg - Tuesday NY 9:30 reaching for new highs Short-Term Trade Entry (until end of week) BUY LIMIT 1.09470 GSL 1.09197 TP1 + BE 1.09979 TP2 1.10730 TP3 1.11831
Long
by consciousLizar69776
BULLISH EURUSD!! - Analysis FOREXOANDA:EURUSD My speculation will be BULLISH in the next couple of days for EURUSD Pair! As seen we are forming a parallel upwards slope. Indicating a possible bounce support on the dynamic support zone. Why this Speculation? 1) Dynamic support zone is being retouched in a uptrend (higher high & lower lows) 2) CCI is rising UPWARDS under the undervalued area 3) Price will probably burst thru this dynamic volume indicator as this is a discount area - Seen as previous data OANDA:EURUSD When we would be a perfect entry? - MOST IMPORTANTLY WHEN SUPERTREND TURNS GREEN Dynamic trend line retest ✔️ CCI ✔️ Moving above dynamic profile vol. ✔️ SUPERTREND (customized) TURNING GREEEN ✔️✔️✔️ Other scenario would be a break of previous supply area and it would turn out as opposite Take a 75 pip profit - David van Delden
Long
by ImperialTrading