6E1! trade ideas
EUR Futures Look Bullish - Target 1.09095I'm bullish on EUR until 1.09095 is reached (high of the previous 2W candle).
Currently intermediate timeframe (h8) is delivering bearish (closing below lows of up close candles). In this scenario, I look for entries when price trades into H8 fractal swing lows.
If we see a bullish CISD on entry timeframe (M30) after sweeping an H8 low, I'll take a long. Alternatively, if h8 has a bullish cisd, I will look for entry timeframe triggers on pullbacks into bullish arrays.
EURO (EURUSD, 6EM2024)... BULLISH!Bias is Bullish.
Price traded through bearish
PD Arrays, respecting bullish
ones.
Currently, price is in a +FVG,
hence the bullish bias.
Price is very close to the DOL,
a swing high. Price may tap the
+FVG more than once before
heading higher.
Expectations are for the DOL to
be swept next week, as price
grinds upward.
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COT reports + SMT. How to determine the long-term trend (BIAS).A pattern in the COT reporting curve to determine long-term trend or bias (BIAS). With a scope from several weeks to months. Of course, reports arrive with a delay, but on a long-term scale this is not a big problem.
Many people use divergences, or SMT in the teachings of Smartmoney Michael Huddleston (ICT), when analyzing charts. Why not use COT and divergence reports together as a useful chart analysis tool.
Everyone probably noticed that the positions of Commercial traders in the curve constructed from reports coincides with the price movement (there is some direct correlation, and a large one). After a long observation and playing with the scale, obvious discrepancies in correlations and emerging divergences (SMT) caught my eye. And very often at the peaks of movements, followed by a reversal.
Data reports are of course released once a week. Therefore, tracking such SMTs can be used as an additional factor to determine bias in the analysis of higher time frames. And already having a bias for the next few weeks, or even a couple of months. You can look for signals in trades with confirmation on lower timeframes.
I like these divergences, they are built on an indicator that is completely independent of price. unlike any RSI, Stochastics, etc.
The curve is constructed solely based on trading volumes on the CME exchange, and does not depend in any way on the price, therefore it does not follow the price further to infinity. This is a direct correlation of two different data streams, and their divergence (divergence).
I think I’ll make a separate short article about “data streams”, what I mean by this.
And finally, of course, the tool is not the holy grail. But with a proper and adequate approach in skillful hands, it is a very good tool that can be kept in mind during a complex analysis of charts. At a minimum, if divergence occurs, you can be wary and reconsider your plans.
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Eur - Futures - 29/4/2024 - Swing tradingGood morning everyone, today on the euro pair, After 26 weeks we had the highest number of Negative net positions for the EUR futures. And we had a Buy signal from the commercial side.
Alongside that we can see the DXY is slowing down after starting off 2024 with very strong movement to the upside.
EUR (6E1!, EURUSD) Taking a BEARISH TurnLooking for an Internal to External move this week.
From the Weekly -FVG to the low at 1.06285.
The early part of the week may see price head up to sweep LQ before turning over and dropping.
* Should the 4H show a bearish break of structure with a strong close, it may provide an early signal that the retracement has ended and sells should be sought.
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EURO (6E1!, EURUSD) ... BEARISH!Bearish.
Price has moved up into
the -FVG after a BOS.
Expecting a move down
from here, as Internal
moves to External LQ.
SSL is the target, at the
lows to the left.
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EURO FUTURES - STIL STRONG SELLINGHello,
On this opportunity I am sharing my Supply & Demand Analysis about Euro Futures Contract @ Monthly Timeframe for Position/Institutional trading.
Following Supply and Demand probability rules (high probability and liquidity on extremes) I expect price reach Monthly Demand Zone (0.88430 - 0.86050) then strong buy towards up to Monthly Supply Zone (1.60245 - 1.55235).
It's advised to buy EUR/USD, GB/PUSD, XAU/USD, BTC/USD when and only when price reach Monthly Demand zone until then there's no high probability buy on these pairs.
Hope you enjoy it.
$EURUSD Heading toward 1.0500. See Why!!!Idea
- Looking at the Monthly Candle it is clear that There's not enough demand strength to push higher toward the highs, from both the original bullish FVG and Also the recent monthly FVG
- The recent monthly FVG should've expanded toward atleast previous 3M high but after sweeping previous high, confirmation of bullish weakness to target, the Previous Month and 3M low toward previous years low, from which enough liquidity can be found to deliver higher
-If Monthly Candle closes comfortably below 3M Low. Prepare for more Euro Bearishness
- Look at my DXY idea, Capitalised Heavily on the move. And Possibly more profits to be secured in this quarter
1. Created new FVG to deliver toward June 2023 Highs but Failed to Deliver higher in December
2. FVG Failed to Deliver toward recent highs. There's no Demand strength to push Higher
3 Enough Liquidity Behind previous Month Highs to push prices lower toward first target. Previous Quarters Low. Then Previous Years Low
Expect strong EURO Tapped into bullish OB that formed within 40D lookback range. We see good respect to that OB so our target next would be 1.10065 (Bearish OB formed within 60D lookback range). And from there we can expect 1.11400 to be taken. Expect all this to take place before 26th of April. You can take a swing trade long from here if you want just set your stop below 1.07075. I am using the EURO FUTURES contract as it gives more clarity for the EUR/USD.
OANDA:EURUSD