Countertrend push early in Week 🦖 We can observe a countertrend push early in the week here
0:0 Monthly timeframe and upcoming economic data this week
3:28 Weekly timeframe
4:48 Daily timeframe
6:40 4hr timeframe
9:05 1hr timeframe
Will this countertrend push to the upside maintain despite obvious bearish momentum stretching from the Monthly timeframe? We'll see how far price will retrace here as my thoughts are a touch into the most recent daily resistance zone at 1.0864. Today during NY and London sessions we ranged hard which is expected for Monday. It Built up energy as price decided to increase through the transition of the new daily candle. Given this bullish daily candle close on monday, I'm anticipating a further retracement and pullback on the higher timeframes to 1.086 to 1.087. Key zones are 1.08225 1hr zone and 1.0806 4hr support zone. We also may see price touch 1.0795. I am looking for a Weekly wick fill this week as we have momentum on the higher timeframes. Housing data, consumer confidence and job openings will play bring some volatility during NY and So I will be looking out for that.
Videopublication
Eurusd Momentum 🐻-> Probabilities Suggest Flexibility over the Rigid Ego wins. Trading with the trend Eurusd?
0:0 Monthly timeframe
2:35 Weekly timeframe
4:50 Daily timeframe
6:30 4hr timeframe
7:36 1Hr timeframe
Hey everyone. A new week and a new opportunity to master our emotions and skills in the markets. Experience suggests to me that we will sell a continuation of the prevailing bearish trend. However, and similar to last week we may see a 30 pips - 70 pips pullback prior to a push towards Daily support level 1.07455 and Weekly support level 1.07. Those are my weekly targets for Eurusd. If Eurusd decides it's a week to pullback then we may observe an increase back towards Daily resistance level at 1.0895. Otherwise, we sit in a range right now between 4hr support 1.07941 and 4hr resistance 1.08161. Be adaptable and flexible with regard to a change in market conditions. If we do decide to do a continuation to the support level's mentioned above, be ready to hold on to some runners to maximize profits. No Red folders news to begin the week here on monday.
Inherent risks in selling the Low/Psychology Supersedes🔨 Not already positioned ? then careful about sharp liquidity grabs
0:0 Monthly timeframe
1:54 Weekly timeframe
3:26 Daily timeframe
6:02 4hr timeframe
9:40 1hr timeframe
I've found that often times in the market the best thing to do is often the hardest thing to. Going against human nature is not an easy task. It take time months if not years of consistent conditioning to master this concept. Thinking about where other market participants are positoned can contribute to your edge in the market. With all this said, we currently have clean traffic on the Daily and 4hr down to 1.0747 Daily support zone. I've been talking about this price point for weeks (go back on my publishings) ever since the July monthly candle failed to close above 1.1025 key level. This bias was confirmed when Inflation data failed to be the catalyst to take us above 1.1025. I wouldn't be surprised to see a harsh correction with London prior to a continuation of towards 1.0747 which we will tap into today or next week probabilities suggest.
Time is Ticking ⏳-> Market Structure & Pin Bar Daily Candle What are your thoughts on the Daily Pin Bar that closed bullish?
0:0 Monthly timeframe
2:02 weekly timeframe
3:22 Daily timeframe
8:23 4hr timeframe
11:17 1Hr timeframe
As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are right? Idk but trading with the trend is often the Shrewd thing to do. The majority of participants whom share their thoughts on trading view here were heavily buy biased. This is precisely why the market moved down so swiftly with manufacturing data as many participants were liquidated in a short period of time as the pyramiding concept took over and there was an avalanche of liquidations. An important part to running a successful small business as a trader begins with having a mind of your own. Doing your own analysis and crafting your own view of market activity. With this said, I'm biased towards the long side as we are towards the lows of structure on the Daily chart and structure. I could be wrong and is why I always stay very flexible. It's not about being right, it's about making money.
Engulfing candles = ⬆️ Probabilities of MomentumZooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips
0:0 Monthly timeframe
2:14 Weekly timeframe
3:52 Daily timeframe
8:50 4hr timeframe
13:35 1hr timeframe
Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to upload this one today after having issues with uploading due to internet connection. Hope you enjoy have a good trading day.
In the previous publishing, I was anticipating EU to rise from 1.088 back to 1.09 before contiuing the downward trend. Why 1.09 you may ask? Well 1.09 is the weekly support level created in June/July . The weekly candle last week failed to respect this 1.09 weekly support level. In the market, Support level's become Resistance level's and vice versa. So knowing this, I was able to captilize on the downside push today and was not surprised to see it occur. Observing the daily candle today, we can see that the Daily candle closed below our daily support level at 1.0853. Similarly, we now may anticpate this previous support level to now faciliate a selloff and continuation to the downside. Because I enjoy following the trend. You can be a contrarian, and that is fitting to some personalities. The Daily candle signaled quite a strong selloff after it hit the previous daily candle highs, grabbed liquidity , then teared lower & breaking hearts finishing the day down .45% and closing below all candles to the left hand side. 1.07452 or 1.07 asking too much by end of August Eurusd?
🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week.
0:0 Monthly Timeframe
1:42 Weekly timeframe
3:22 Daily timeframe
5:04 4hr timeframe
7:30 Bearish Channel from last week
9:07 1hr timeframe
The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point.
0:0 Monthly timeframe
2:05 weekly timeframe
3:30 Daily timeframe
5:50 4hr timeframe
9:11 1hr timeframe
11:40 recap of recent trade
Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853
Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD.
A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD.
What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward
0:0 Monthly Timeframe
1:25 Weekly timeframe
2:32 Daily timeframe
4:36 4hr timeframe
7:50 FOMC meeting minutes during upcoming NY
8:49 1hr timeframe
9:30 Retails sales data from today
Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days
Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07?
Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
Sellers Beware 🖾 Weekly Demand Level [1.09] ↗️I care about where candles close! 😂
0:0 Monthly timeframe
0:53 Weekly timeframe
3:47 Retail Sales & Manufacturing data
4:31 Daily timeframe
6:29 4hr timeframe
9:22 1Hr timeframe
9:40 Bias
12:14 be flexible
I pay attention to where candles close. Yes, it is important, because this is the concept that really validates any data collection during backtesting. No indicators needed, just paying attention to how candles close relative to our key zones AKA levels. 1.09 is a key area for us. Thus far, we have done an impressive job of closing above 1.09. As long as we stay within a vicinity of 1.09, my bias this week and the next will remain bullish. I like support and resistance bounces as it's a fundamental part of my system.
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU?
0:0 Monthly timeframe
1:03 Weekly timeframe
2:59 Daily timefraem & CPI talks
6:20 Simplify your T.A.
7:26 4hr timeframe
9:53 1hr timeframe
Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower.
When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
Impending [CPI] Volatility 🏁 Cut L's Short and Let profits run!Okay everyone, buckle up your seat belts!
0:0 Federal reserve goals for inflation & Monthly timeframe
2:15 Weekly timefraem
3:17 Daily timeframe
5:09 4hr timeframe
9:45 Careful with CPi, it can move hard!
10:00 1hr timeframe
The time has come for August CPI and it's also a special occasion🦁. This is the first report in over a year in which inflation is expected to increase in the CPI Y/Y. Looking back into history, it is shown that inflation doesn't come down in a linear fashion. This signals that the fed will have to hold interest rates higher for longer to reign in spending. The federal reserves goal is to achieve a 2.0% CPI Y/Y . The CPI Y/Y is expected to increase from 3.0% Y/Y to 3.3% Y/Y. If the CPI is less than 3.0% Y/Y like 2.9% for example then we can observe the fed moving closer to it's goal and should see risk on assets be favored and consequently safe haven assets like the USD decrease in value. Thus, pumping up EU towards 1.108 Daily resistance zone. I like this since the price has been doing what I thought it would do all week and is moving as accordingly for my analysis.
With all this said, I could be wrong as we may see inflation not only increase, but increase more than expected thus seeing a price dump on EU towards 1.09 weekly support level. Only trade with money you can afford to lose and Tbh I didn't trade news for the first 2 years. I sat on the sidelines and there is nothing wrong with that. See you in the next vidoe and thanks for reading this far!
Ranging as we await ⏳ [CPI] VolatilityHello everyone welcome back to another video. Not expecting much prior to CPI on thursday!
0:0 Monthly timeframe
1:18 Weekly timeframe
3:32 Daily timeframe
6:15 4hr timeframe
8:05 1hr timeframe
Just ranging until then between our Daily resistance level 1.1008 and 1.093 Daily support level, in which we bounced off of today and I was taking buys, unfortunately to no avail. You can be right abut the direction but still lose. That's the tough part of trading and it can be frustrating but risk management and a focus on trading psychology always come first to protect much valued capital. Price in the meantime may pop it's head up to 1.0986 1hr resistance zone or push back to the highs of our range.
I am favoring an increase on EURUSD with CPI data on thursday and would prefer to see EURUSD hold to the lows of structure around 1.0951 1hr zone and 1.0937 daily support zone while gathering sell side liquidity prior to a launch with CPI back towards 1.108 Daily resistance level. I will not be closed off to longs if we are back at the highs of structure though prior to CPI.
Return to the lows prior to Inflation data 🧐Thanks for reading this! Really enjoy doing these vidoes.
0:0 Monthly timeframe
1:33 Daily timeframe
3:42 Daily timeframe
7:12 4hr timeframe
9:22 1hr timeframe 3:35 Bias
My Idea for for this week : with our quite, no news market conditions through the first 3 daily candles of the week, I can observe a decrease towards 1.09373 Daily support level or a tap into 1.09 weekly support. When U.S. Dollar CPI arrives on thursday, and it is expected to increase, I can visualize a blast off in favor of the EUR. Now, increasing inflation is technically not good for the USD and the federal reserves goals. The market often doesn't do what it's supposed to do. I'm favoring this idea. The opposite would be an increase to the highs of our range near 1.10236 weekly level and 1.1036 4hr resistance zone prior to CPI.. and then a consequential dump in favor of the USD. Either way we must remain flexible with our bias and let the market lead.
Momentum is Heavy here 👹, But.. We are dropping ! Buy the USD, Buy the USD before there is no more! Buy expensive and chase the market. Hold up! Often times the market will punish those market participants that chase rather than being disciplined like a hunting lion. It stalks and plans and thereby decreases it's risk of not eating. I've learned that trading is more about psychology than anything else. Observing price action can clue you on the next move if you ask why would I buy here? Why would I sell here? who's selling here?
Unemployment claims data and Manufacturing data tomrrow will only act as either a catalyst to continue dropping towards 1.09 or pullback towards 1.099 4hr resistance zone. Either way I'm going to be adaptable as a scalper. This is one thing of my strengths.. flexibility .
I've anticpating a drop into 1.09 weekly support level since the beginning of the week. I'm publishing a long analysis here because we are currently about 20 Pips from where I'm anticpating a short term turning point in the market. market participants are buying the rumor with ADP which is estimated data. I'm anticpating that with NFP market particpants with Sell the news and thus the USD thereby pushing Eurusd up in favor of the Eur. 1.09 may orchestrate that turning point for us. If we happen to completely ignore 1.09 level, then we are headed to 4hr support 1.088.
[ USD ] Buy the Rumor ADP & Sell the News NFP ☎️ / EurusdWelcome back to another Video Analysis!
0:0 Monthly timeframe
0:58 Weekly timeframe
2:23 Daily timeframe
5:43 4hr timeframe
8:57 1hr timeframe
The Weekly candle pulls back up to end the week with a Sell USD NFP news play after seeing Buy the rumor ADP estimated news! Or The Weekly candle continues it's trajectory despite missed USD manufacturing data that simply created a short term pullback. The Market can do whatever it wants and so flexibility is rewarded. Be like water, and refrain from being rigid in your approach. Be proactive and enter the market where you don't want to. Hold your winners because why would you settle for 4 when you can sit on yours hands and get 8. I see this in video games as well at times when players settle for alot less than they could've aquired. It's a shame to see and I always shake my head. Going to be tough to get ahead liked that.
Anyways, looking for 1.098 and 1.10 with NFP in 7 hours. This is not to say that we may pullback to our extreme of structure and Daily support 1.09383. If Price is acting funny, we could drop back below Daily support and head towards the lows of the range at 1.092 and officially tap into 1.09 Weekly support level
Momentum may carry 🎒us back to 1.0948Welcome back to another Eurusd Analysis!
0:0 Monthly timeframe
1:00 Weekly timeframe
4:32 4hr timeframe
5:47 1hr timeframe
7:15 Bias to begin the week
We have two Bearish weekly candle's back to back as we failed in a great fashion to continue our bullish ascent. The weekly candle last week closed below 1.1024 which was our weekly support level. It is now characterized a as a weekly resistance and may facilatate a selloff back to 1.0975 Daily support which we created on friday and eventually 1.0948 1hr support zone. 1.0948 would also be a weekly wick fill with bearish momentum carried over from the previous week.
Please leave feedback if you enjoyed. Have a great trading week.
Exploring the effect of Data Releases 🗺️/ Week 4 July 23'Hey Everyone! Skip to 9:31 for the most Detailed Work
0:0 Top Down Review starting with Monthly
1:48 Weekly timeframe
4:01 Daily timeframe
6:07 4Hr timeframe
9:31 1Hr timeframe and breakdown of price action and news releases
Welcome back to another Video Analysis of Eurusd.
I begin from a Top-down analysis perspective, before I explore the 8 most important news releases of the week, and their impact on price behavior.
If you would like to see more Analysis like this please leave a rocket or comment below!
See you in the next Analysis!
-ShrewdCatFx
Leftover Momentum to end the Week? 😶🌫️// EurusdCurrent Price 1.097
0:0 Monthly timeframe
1:36 Weekly timeframe
3:51 Daily timeframe
5:10 Bias for friday
6:14 4hr timeframe
10:15 1hr timeframe
Hello Everyone welcome back to another analysis. Eurusd increased 30 pips against us before dropping 130 Pips in our favor today after we called out a short analysis prior to the last london session 24 hours ago. Quite the engulfing candle created today with expected and priced in EUR interest rates and 2 better than expected USD data points, GDP and Unemployment putting the nail in the coffin so to speak for USD bulls. Alot of momentum today and I'm antincipating some to be left over and continue on to friday. I'm thinking we can get a touch into the 1.09462 4hr support zone but unsure what'll occur after that. Inflation data may act as a catalsyt to keep dropping in favor of USD or we will see the Weekly candle pullback up and create a bottom wick as we close out the week. The latter implies a bullish NY session tomorrow to end the week.
Price is on a steep ascent? 🥀 EurusdWelcome back to another Eurusd Video Analysis
0:0 Monhtly timeframe
1:25 Weekly timeframe
3:10 Daily timeframe
6:02 4Hr tiemframe
6:53 1hr timeframe
10:00 Bias for the session
I'm looking for a pullback with London Session. This is because we have seen that price created an aggressive 33 Pip push up with asian session and eurusd has pulled up early in the daily candle. We have clean traffic back down to 1.1078 on the 1hr timeframe. We have an additional clean range from 1.1078 to 1.1056. If price decides to continue it's ascent, we have a solid range in which we have already tapped into with asian session. This range extends from 1.11 1hr zone to 1.11359 4hr resistance zone. If we go Up I see us retesting 1.1078 anyways during NY session if we don't do it with London. The 4hr just failed to close above 1.11 prior to london session. We may go to retest 1.11178 daily high with Eur interest rates, we'll see.
Got a Pullback prior to Rates & Now looking up 🏦0:0 Monthly candle pullback
2:40 Daily timeframe
3:46 4hr timeframe
4:07 Downside targets if a fakeout of trend occurs
4:37 First target Longs with Rates
6:54 1Hr timeframe
7:38 Bias heading into interest rates
Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far.
I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
New Week and can bears maintain? 🎑EurusdHi Welcome back traders
0:0 Alot of Fundamental news this week
1:01 Weekly Timeframe and Interest rates idea
4:09 Daily timeframe
7:17 Sells from 1.12318 Daily resistance zone last week
7:37 4hr Timeframe
The previous weekly candle closed bearish with a larger top wick. The bottom wick printed only 15 pips and this may cause a concern for exhaustion. I'm anticipating a further pullback on eurusd as we head into interest rates for the dollar on wednesday. We technically still have bullish momentum and market strucutre on higher timeframes for Eurusd. I'm expecting Interest rates to be a catalyst for.. Eurusd upside momentum. In the meantime price may consolidate/range and even pullback a bit closer to our 1.1056 Daily Support zone.
Using Rationale to Ride news Volatility 🎢 +.5% 3rd Week JulyHello Traders!
0:0 Introduction/Weekly Fav Prices
1:25 Daily TF breakdown
5:24 1Hr Chart Fundamental news combined with Technicals
13:25 Quick 4hr TF details
14:00 Continued 1Hr Chart
18:25 trade 1 short
19:35 trade 2 short with unemployment news
Welcome back to another video analysis. In this analysis, I detail how we could've used rationale to decipher the markets next moves and be a few steps ahead. Using rationale to breakdown the numbers of fundamental news releases and combining this with our favorite prices/key levels on the chart, we were able to create a great RR trade on Thursday. We could have jumped on the train sooner and there is always something to learn in the markets.
Hope you enjoyed! Please leave a rocket or a comment if you liked this video analysis. See you in the next video!