Shorteurusd
Potential reversal zone for EUR/USDGood Morning all,
This week we could see price bid higher to around the 1.17908 level before a daily reversal taking place. The "5/Region" is roughly where the 5th wave could terminate before a more significant reversal. It also key to pay attention to the daily timeframe which is currently in the development of a 3-wave correction for some further downside.
Follow for further updates on EUR/USD
@BrightForex
Bearish Gartley If price tries to retest this trend line again, depending on how price re acts ill enter.
Short EURUSDShort EURUSD when it reaches 1.17400 zone. We expect that EURUSD would not reach 1.20 for the time being. The ECB is not going to hike its first interest rate and end its QE program sooner anytime this year. The uncertain political backdrop in Italy also weighed on the Euro too.
On the other hand,the hawkish tone from the Federal Reserve and strong economy further reinforce the strength of the dollar. We could see EURUSD continuing its downward trend to the next major support at 1.14500 handle.
Remember, the trend is your friend. The trend is still down.
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EURUSD - Weekly Chart AnalysisPrice Action: Bearish
Pattern: Break of daily support + 29 EMA *still in corrective phase
Long-Term Momentum: Bearish
Short-Term Momentum: Bullish
Bias: Short
Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support
Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term support zones, so if there is a break below these levels price should move freely.
WHAT THE EURUSD CAN TELL US ABOUT THE US STOCK MARKETAs you can see, it looks as we are preparing for a correction in EURUSD (So as of now, I am short. However I fully expect a possibility of a range). What does being short tell us?
It means in the near future (weeks-months because this is a daily chart) the USD could gain some value to its Euro counterpart. How would the USD gain its value? A great way would be if interest rates are hiked by the FED, giving the USD more attraction to foreign currency investors. This rate spike would counter inflation but we all know what a rate hike would do to the economy- slowwwww down. This would in turn go along with what we have been discussing in the markets lately as the SPX and DJX have been facing.
It is a huge stretch and this should really be interpreted as a EURUSD trade- but- it could mean a stronger dollar in the future CAUSED by higher interest rates- slowing the economy and stock market growth.
Short Opportunity EURUSD (300 pips/1 month)Bearish Gartley & AB=CD Patterns have formed on EURUSD, potentially reaching trendline at 1.14450 during mid-January 2018
SL 1.18650 or 1.19650
Things to remember:
- Do not overtrade
- Only overtrade when you want to see the market hit your stop and then reverse back in the direction of your initial position.
Intraday EURUSD Forex analysis by @reembegilKeeping the downtrend at the EURUSD, the quote rebounds in the demand zone at 1.17264 making a retracement to the 0.236 fibonacci level wich match with the first supply zone waiting for the MACD to confirm the shortselling entry.
1)Supply Zone 1:
Entry Price: 1.17457
Stop Loss: 1.17593
Target: 1.17129
Risk & Reward Ratio: 2.41
Fibonacci Retracement: .236
2)Supply Zone 2:
Entry Price: 1.17654
Stop Loss: 1.1779
Target: 1.17129
Risk & Reward Ratio: 3.83
Fibonacci Retracement: .382
3)Supply Zone 3:
Entry Price: 1.17917
Stop Loss: 1.18103
Target: 1.17129
Risk & Reward Ratio: 4.24
Fibonacci Retracement: .618
EURUSD Sell Idea Hello Traders,
Price still in the continuation pattern, If DXY will rise next week this pair will go down. I will manage to sell as much high as possible. If the price close above 1.18844 than the impulse will be invalidated and I will reanalyze the chart.
Good Luck!
Cheers,
Jonas
EURUSD Sell IdeaHello Traders,
I finally get the impulse that we have been waiting since very long. Now, watch for continuation pattern to sell this pair. If the price will start to rise correctively, I will look for sell as much high as possible.
Good Luck!
Cheers,
Jonas
Short EURUSD Setup Risky before FOMCShort EURUSD RISKY TRADE before the FOMC statement today , Shooting star candle pattern plus strong resistance 1.17 and divergence cci , we may see decline from this area between 1.1660-1.1680 targeting 1.14 area . stops above 1.17
EURUSD Short IdeaHello Traders,
We started to see some price action at the top. The impulse still no strong enough to push EUR down so the price can keep pushing up for some pips. Look for sell as much higher as you can.
Good luck!
Cheers,
Jonas
EURUSD Short IdeaHello Traders,
Price still under the reversal pattern and macd still showing divergence. Look to sell as much high as you can. You can trade for short term to the upside but it is gonna be risk.
Good Luck!
Cheers,
Jonas
Eurusd : Simple setup to trade Breakout !Personally I feel the momentum is slowly decreasing with every upside push of EURUSD, so there are chances that it can turnout as false breakout if it happens to be upside. So on anyside breakout we should be quick to act & grab the pips.
There are various methods people use to predict the direction of breakout (ex: elliott's), well, Lets keep it pretty simple : Enter the Direction of Breakout !
potential short coming up on EURUSDWaiting for confirmation of bat pattern in about 1d 17hr
will entry on a reversal signal around D point 1.06973
take profit 1 at Fibonacci level from D to C 0.382 at 1.06648
take profit 2 at Fibonacci level from D to C 0.618 at 1.06547
take profit 3 at Fibonacci level from D to C 0.786 at 1.06447
shade your entry and take profits
Good luck.
$EURUSD About to hit the lows#EURUSD has broken the support and will keep on losing against strong dollar. I am expecting it to move towards 1.02 and go up and test the previous support at 1.075. However, the final destination is 0.97 at the end of the 3rd quarter of 2017.
#EURUSD destegi kirdi ve guçlu dolar karsisinda deger kaybetmeye devam ediyor. 1.02 ye geldikten sonra tekrar 1.075 teki kirilan destegi test edecegini dusunuyorum. Ancak 2017 ilk çeyregi sonunda 0.97 seviyelerine kadar hizli bir dusus bekliyorum
EURUSD : Back to Back trade setups ! We are in for treat guys, we are getting back to back trade setups in Eurusd and its going good. Now another chance for our short entry in same zone. But this time Eurusud won't come to our marked zone I guess may reverse a little earlier,lets see what happens. Enter only on Bearish confirmation else don't enter.
Stops will go above recent swing highs depending on your risk taking ability and trading plan, happy trading !
