EUR/USD Daily Short SetupSetup: Retest of the former support zone (now supply) after the recent pullback from the mid-April highs
Entry: Short around 1.1336 (within the shaded resistance box)
Stop-Loss: Above the recent swing high at 1.1390
Take-Profit: Near the lower range support at 1.0735
Risk : Reward: ~1 : 5
Rationale:
Following a strong rally from early March to mid-April, EUR/USD has corrected sharply and is now back into the grey supply area that previously acted as support. This zone is likely to cap upside moves, making a short entry here attractive. The next major support lies around 1.0735, offering a high reward relative to risk. A break above 1.1390 would invalidate the setup.
EURUSD trade ideas
EURUSD, expecting bearish move (16-05-2025)Please go through chart information carefully.
There are many reasons behind the bears who is gathering strength.
price breaks major trendline,
price rejecting from resistance zone many times,
Price breaks the support level.
Advice-
Our preference is as below:
EURUSD sell NOW @1.12000
TP1-1.11000
TP2-1.10000
TP3-1.09000
SL- 1.12700
EUR/USD Outlook โ Potential Short SetupsHi everyone,
In todayโs post, letโs break down the current market structure and potential opportunities in the EUR/USD pair.
๐ Market Context
After nearly a month of consolidation, EUR/USD appears to have stalled around the previous weekly swing highs . Despite several attempts to hold above this level, the price eventually broke down, signalling a shift in structure on the 4-hour (4H) timeframe.
This short-term breakdown could be an early sign of a larger structural shift on the daily chart , and itโs something Iโm keeping a close eye on.
๐งญ Key Levels & Price Behaviour
At the moment, price action is bouncing from a demand zone , which might provide a short-lived relief rally . However, this bounce may only be temporary.
In my humble opinion, bullish momentum is fading , and we could be entering a trap zone for late buyers . Iโm watching the 1.132โ1.138 region , just above the short-term downtrend line, as a potential resistance zone and an ideal area to consider shorts.
๐ฏ Trade Ideas
Iโve marked two trade setups on the chart, catering to different risk profiles:
1. Aggressive Trade โ For traders willing to enter closer to resistance with tighter stop losses.
2. Conservative Trade โ For those who prefer more confirmation before entry.
You can treat these setups independently or combine them into a single strategy depending on your trading style and risk tolerance.
โ ๏ธ Disclaimer
This post is purely for educational purposes . I am not a financial advisor , and nothing here should be taken as financial advice. Always consult your financial advisor before making any investment or trading decisions.
EURUSD: One More Bullish ConfirmationThe EURUSD pair formed another bullish pattern on the 4-hour chart following a test of significant daily/intraday support.
An inverted head and shoulders pattern was formed, with a bullish breakout of the neckline.
I anticipate further upward movement in the market, with a target of 1.1414.
EURUSD โ Bearish Rejection and Targeting the 4H Imbalance ZoneEURUSD has shifted into a clear bearish tone following multiple rejections from a well-established resistance level. Over the past several weeks, price has struggled to break above that zone, showing consistent signs of selling pressure each time it attempted a push higher. The most notable move came when price briefly spiked above the resistance in what now appears to be a fakeout. That move did not hold, and itโs very likely that it served as a classic liquidity grab engineered to sweep buy stops resting above the range highs before reversing direction.
This kind of behavior is typical in a distribution phase, especially when seen at a high-timeframe resistance zone. The fake breakout essentially confirms that the upside liquidity has been taken, and that smart money is shifting direction. Since that event, price has been making lower highs and lower lows, reinforcing the current bearish structure.
Consolidation Structure
Before the fakeout, EURUSD had been consolidating just under resistance, building up a tight range. This kind of structure tends to lure in breakout traders, and the eventual spike above the range likely cleaned out a lot of stop orders. What followed was an aggressive reversal back into the prior range, which is a strong sign that the breakout was not genuine.
Since then, price pushed down and attempted a retracement, but that retracement got rejected precisely within a fair value gap. This is significant. It tells us that even during a pullback, the market is respecting inefficiencies and continues to deliver bearish reactions rather than signs of strength. That rejection further confirms that bears remain in control and that the earlier break was nothing more than a trap.
Bearish Scenario
With resistance holding and the fair value gap rejection now confirmed, I expect EURUSD to continue its descent and seek out deeper levels of interest. The most obvious draw on liquidity now sits below the current price, the large four-hour imbalance zone. This imbalance was left behind during the impulsive rally that preceded the fakeout, and it has yet to be filled.
Inside that imbalance, thereโs also a golden pocket level lining up almost perfectly. That confluence between the imbalance zone and the 0.618โ0.65 region adds weight to the idea that this area will act as a magnet for price. Markets seek efficiency, and this entire zone represents a void that price is likely to come back and rebalance.
The move into that zone would also allow the market to engineer sell-side liquidity along the way, particularly under the recent higher lows. Once those are swept, and if price begins to react inside the golden pocket, we may then begin to look for early signs of accumulation or even a bullish displacement, but until then, the short bias remains firmly in play.
Price Target and Expectations
The first key expectation is a clean sweep through the current local lows and a drive into the heart of the 4-hour imbalance. This is where Iโll be watching most closely for a potential change in behavior. Ideally, I want to see price push deep into the imbalance and tap the golden pocket before doing anything significant on the long side.
If price shows a strong reaction there, such as a bullish engulfing or a clear market structure shift that would signal the potential for a reversal. Until then, any bounce is likely to be short-lived and corrective in nature. The structure is still bearish, and the fair value gap rejection reinforces that.
Current Stance
Right now, I remain bearish. Iโm not interested in fighting this momentum by jumping into premature longs. As long as price remains under the level it got rejected from, and continues to print lower highs, Iโll maintain a sell-the-rip mindset. If price delivers a deeper pullback from here, it may offer a short-term intra-day bounce, but the core expectation is still a move lower into the imbalance zone.
The area that interests me the most is the combination of the 4-hour imbalance and golden pocket, thatโs the zone where Iโll shift from reactive to proactive and start looking for possible long setups. But I wonโt consider longs unless price gets there and shows clear intent to reverse.
Conclusion
The market has already swept buy-side liquidity with the fakeout above resistance, and the rejection from the fair value gap confirms that sellers are still in control. Price is now being drawn toward the inefficiency below, and all signs point toward a continued bearish move until that imbalance is filled.
Until price reaches that zone and delivers a reaction worth trading, Iโm staying patient and waiting for the setup to complete. Chasing entries in the middle of the range here doesnโt offer the best risk-reward. The focus now is on watching how price interacts with the 4-hour imbalance and the golden pocket, thatโs where Iโll reassess the narrative and consider shifting bias if conditions warrant it.
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EURUSD Gaining Momentum โ Is a Breakout Just Ahead?After several choppy sessions, EURUSD is now showing strong short-term recovery signals, having broken out of its previous descending channel. The pair is currently hovering around 1.123, continuing to defend a key support zone.
The upward momentum is being fueled by developments on both sides:
๐ From the U.S., consumer confidence continues to weaken, and growing expectations of an early Fed rate cut are weighing on the dollar.
๐ From Europe, fresh economic data from Germany and France came in better than expected this morning, helping the euro regain strength in the short term.
Combining both technical and fundamental factors, the current accumulation pattern on the H1 timeframe could act as a launchpad for a potential breakout toward 1.1227 resistance, and possibly beyond the upper trendline boundary.
๐ฏ Trading idea: Look for buy setups if a bullish candle confirms around 1.1220โ1.1230, with stop loss placed below the EMA and the previous support zone.
What Is the ICT Silver Bullet Strategy, and How Does It Work?What Is the ICT Silver Bullet Strategy, and How Does It Work?
The ICT Silver Bullet strategy offers traders a unique approach to capitalising on market opportunities during specific trading hours. This article explored this advanced strategy, explaining the role of fair value gaps, liquidity, and timeframes and how to implement it.
Understanding the ICT Silver Bullet Strategy
The ICT Silver Bullet trading strategy is a sophisticated trading methodology developed by Michael J. Huddleston, known as the Inner Circle Trader, or ICT. This strategy is designed to capitalise on specific, high-probability trading opportunities that align with certain times throughout certain sessions, specifically the London and New York sessions.
Central to the ICT Silver Bullet strategy are two key concepts: liquidity and fair value gaps. Liquidity in this context refers to places within the market where there is significant trading activity, often indicated by previous highs and lows of a trading session or historical price points that attract significant interest from traders.
Fair value gaps are price areas that were either skipped over quickly during rapid price moves or areas where the price has not returned for a significant period, reflecting a disparity between perceived value and market price.
The strategy's effectiveness hinges on executing trades during specific one-hour windows known as Silver Bullet times. By focusing on these concepts and timings, traders can more accurately analyse market movements and align their trades with the influxes of smart money, potentially improving their returns by catching swift moves towards liquidity points.
Key Components of the Strategy
The Silver Bullet ICT strategy employs a detailed approach to trading that revolves around understanding market dynamics at critical times. Here are the key components that define this strategy:
Fair Value Gaps
A fair value gap (FVG) occurs when the price quickly moves away from a level without significant trading occurring at that price, leaving a "gap" that is likely to be tested again when the price returns to this point. In the context of the ICT Silver Bullet strategy, these gaps are targeted because they represent potential inefficiencies in the market where the price may return to balance or fill the gap. Traders using this strategy watch these gaps closely as they often present clear entry points when approached again.
Liquidity Targets
Liquidity targets are essentially areas where there is expected to be a significant volume of orders, which can lead to particular price movements when these levels are approached. These include:
- Previous session highs and lows: These are often areas where stop-loss orders accumulate, making them prime targets for liquidity-driven price moves.
- Swing points in the market: Key reversals and continuation points that have historical significance.
- Psychological levels: These include round numbers or price levels ending in '00' or '50', which often act as focal points for trading activity.
Specific Trading Times
Unlike many strategies that align strictly with market opening times, the ICT Silver Bullet trading strategy utilises specific one-hour windows during the day when liquidity and volatility are expected to be high due to trader participation across the globe. These Silver Bullet hours are strategically chosen based on their potential to tap into significant market moves:
- London Open Silver Bullet: Occurs from 3:00 AM to 4:00 AM Eastern Standard Time (EST) in winter and from 2:00 AM to 3:00 AM in summer, which is 8:00 AM to 9:00 AM Greenwich Mean Time (GMT) in winter and 7:00 AM to 8:00 AM in summer.
- New York AM Session Silver Bullet: From 10:00 AM to 11:00 AM EST, translating to 3:00 PM to 4:00 PM GMT.
- New York PM Session Silver Bullet: From 2:00 PM to 3:00 PM EST or 7:00 PM to 8:00 PM GMT.
These time slots are selected based on historical data showing heightened trading activity and, therefore, increased opportunities to capture moves towards identified liquidity targets.
Implementing the ICT Silver Bullet Strategy
Traders utilising the ICT Silver Bullet strategy typically prepare by marking potential fair value gaps and liquidity targets before these key trading times. As these windows approach, they monitor price action closely for signs that the market is moving bullishly or bearishly toward these liquidity points, enabling them to search for an entry.
Note that because this is an intraday strategy, ICT says itโs better to use a 15-minute timeframe or lower. Most traders use the 1-minute to 5-minute for the Silver Bullet setup, though those inexperienced with the strategy may prefer the 5-minute.
Hereโs a breakdown of the strategy:
Entry
- Market Direction and Liquidity Analysis: Before the designated Silver Bullet timeframes, traders perform a detailed assessment of the market direction on higher timeframes, such as the 15-minute to 4-hour charts. This initial analysis is crucial to align their strategies with the market's overall momentum.
- Identifying Key Liquidity Points: Traders also mark significant liquidity targets during their analysis, such as previous session/day highs and lows. These points are expected to attract significant trading activity and thus are critical for planning entry points.
- Formation of Fair Value Gaps (FVG): During the Silver Bullet hoursโspecifically from 3:00 AM to 4:00 AM, 10:00 AM to 11:00 AM, and 2:00 PM to 3:00 PM ESTโtraders watch for the market to approach these liquidity points and leave behind a Fair Value Gap. This movement is essential as it indicates a potential inefficiency in price that the market may seek to correct.
- Setting Limit Orders at FVGs: Once an FVG is identified, traders set their limit orders at the boundary of the FVG closest to their intended trade direction. If aiming for a long position, the order is placed at the top of the FVG; for a short position, at the bottom. This method allows traders to potentially enter the market as it moves to 'fill' the gap, aligning with the initial momentum assessment and the subsequent market reaction to liquidity levels.
Stop Loss
- Initial Placement: Traders typically place stop-loss orders to potentially manage risk tightly with respect to the FVG's structure. If trading long, the stop loss might be set just below the low of the candle that forms the FVG; if trading short, just above the high.
- Swing Points: Alternatively, stop losses might also be placed beyond recent swing highs or lows, providing a buffer against market volatility and minor fluctuations that do not affect the overall market trend.
Take Profit
- Targeting Liquidity Points: The common practice for setting take-profit points involves aiming for the next significant liquidity target identified during the preparatory phase.
- Risk-to-Reward Considerations: Many traders set their take-profit goals based on a calculated risk-to-reward ratio, often aiming for at least a 1:2 ratio. This means that for every unit of risk taken, two units of reward are targeted. In terms of pips, traders generally look for at least 15 pips when trading forex and 10 points in indices.
EUR/USD Example
In the provided EUR/USD chart example, a detailed analysis of higher timeframes has established a bearish outlook. Consequently, the focus is on identifying short trading opportunities while disregarding potential long setups.
During the 8:00 AM to 9:00 AM GMT window, there's a noticeable Fair Value Gap (FVG) that forms following a swift rejection from an upward move. This price action reflects a viable entry point for a short position. Traders could place a limit order at the bottom boundary of the candle that initiated the FVG, with a stop loss positioned just above the candle's high or the nearby swing point high, depending on their risk tolerance. The target for this trade is set at the previous day's low, which is reached and prompts a short-term reversal in price direction.
Later in the day, between 7:00 PM and 8:00 PM GMT, another FVG develops. Following the same principle, we can enter at the bottom of the FVG. Setting a stop loss above the swing high is considered more prudent than directly above the candle high, which in this case would likely lead to a stop-out due to the tightness of the entry. Since the previous dayโs low has already been reached earlier, the next logical target is the low of the US session, aligning with the day's bearish momentum.
The Bottom Line
The ICT Silver Bullet strategy provides a precise framework for traders looking to exploit specific market conditions tied to the rhythmic movements of liquidity and price during crucial trading hours. By focusing on fair value gaps and strategic entry points, traders can align their actions with significant market forces.
FAQs
What Is the Silver Bullet Strategy in Trading?
The Silver Bullet strategy in trading is a specific, time-sensitive approach designed to capitalise on liquidity and fair value gaps that typically form during key periods of market volatility. Developed by Michael J. Huddleston, also known as ICT, it aims to take advantage of the movements that occur when the market reacts to these gaps during certain hours of the trading day.
What Time Is the Silver Bullet Strategy?
The Silver Bullet strategy is executed during three distinct one-hour windows corresponding to heightened market activity periods. These are:
- London Open Silver Bullet: Occurs from 3:00 AM to 4:00 AM Eastern Standard Time (EST) in winter and from 2:00 AM to 3:00 AM in summer, which is 8:00 AM to 9:00 AM Greenwich Mean Time (GMT) in winter and 7:00 AM to 8:00 AM in summer.
- New York AM Session Silver Bullet: 10:00 AM to 11:00 AM EST (3:00 PM to 4:00 PM GMT).
- New York PM Session Silver Bullet: 2:00 PM to 3:00 PM EST (7:00 PM to 8:00 PM GMT).
How Long Does Silver Bullet Last?
As an intraday trading strategy, the Silver Bullet targets quick, short-term trades within specific one-hour windows. The trades are typically intended to be closed by the end of the trading day, capitalising on rapid movements towards and away from liquidity points.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURUSD 4H TIME-FRAME ANALYSIS Left Circled Area (Around Late April 2025):
Initial Bullish Push:We see a strong upward movement leading into this area, indicating significant buying pressure.
Rejection and Consolidation:The price reaches a high and then faces strong resistance, leading to a sharp rejection. Following this rejection, the price enters a period of consolidation, moving sideways within a defined range (roughly between 1.13700 and 1.14200). This suggests a temporary balance between buyers and sellers after the initial strong move.
Break of Consolidation:Eventually, the price breaks downwards out of this consolidation range with some bearish momentum. This break signifies that sellers have gained control, and the prior bullish momentum has likely subsided for the short term. The break below the lower boundary of the consolidation acts as a break of structure, indicating a potential shift towards a downtrend or further bearish movement.
Potential Resistance:The upper boundary of the consolidation range (around 1.14200) now has the potential to act as resistance if the price attempts to move back up.
Right Circled Area (Around Mid-May 2025):
Bearish Movement:Following the breakdown from the previous consolidation, the price has been generally moving downwards, indicating continued selling pressure.
Potential Support and Rejection:The price reaches a low and appears to find some support around the 1.11600 level. We see some upward movement and indecision around this area, suggesting buyers are attempting to push back.
Failed Bullish Momentum:The upward movement from the support level is relatively weak and doesn't manage to break above the previous significant swing low (around 1.12050). This suggests that the bearish momentum is still strong, and buyers are not yet in control.
Potential Continuation:The inability of the price to make a significant recovery after finding support could indicate a continuation of the downtrend. The area of indecision near the 1.12050 level might act as a resistancezone for any further attempts to move higher.
Overall Interpretation:
Looking at these two circled areas together, the chart suggests a shift from initial bullish momentum to bearish control. The first circled area shows a failure to maintain the uptrend, leading to a consolidation and subsequent breakdown. The second circled area indicates continued bearish pressure with weak attempts at recovery being rejected at potential resistance levels.
This analysis suggests a potential short-term bearish outlook for EUR/USD based on this 4-hour timeframe. Traders might look for further selling opportunities as long as the price remains below the resistance levels identified.
EUR/USD Price Action Update โ May 20, 2025๐ EUR/USD Price Action Update โ May 20, 2025
๐น Current Price: 1.12570
๐น Timeframe: 1H
๐ Key Demand Zone:
๐ข 1.11200โ1.11650 โ Major bullish rejection zone; structure formed after strong accumulation and upside expansion.
๐ Bullish Outlook โ Eyes on 1.14259:
๐ธ If price cleanly breaks and retests 1.12926, we could see a sharp continuation toward 1.14259
๐ธ Market showing higher highs and strong impulse legs from demand
๐ Invalidation Risk:
๐ธ A break back below 1.12200 may invalidate bullish bias and revisit deeper demand
๐ FXFOREVER Insight:
โ
1H bullish structure remains intact
โ
Watch for 15M BOS above 1.12900 for low-risk entry
โ
Ideal for swing or intraday buys with proper RR
#EURUSD #ForexUpdate #FXFOREVER #SmartMoney #LiquiditySweep #DemandZone #BreakoutSetup #PriceActionForex #EuroDollar
EUR IS DANGER!!!!We are in the final phase of a major correction that has been ongoing for over 10 years. Prepare for significant instability in this region!!!!!! And take care of yourselves.
The only way this scenario would be invalidated is if the 1.26 mark is crossed โ which is highly unlikely.
EUR/USD Regains PaceEUR/USD Regains Pace
EUR/USD started a decent upward move above the 1.1225 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro found support and started a recovery wave above the 1.1250 resistance zone.
- There is a connecting bullish trend line forming with support at 1.1280 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1135 zone. The Euro climbed above the 1.1200 resistance zone against the US Dollar.
The pair even settled above the 1.1225 resistance and the 50-hour simple moving average. Finally, it tested the 1.1340 resistance. A high is formed near 1.1339 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.1223 swing low to the 1.1339 high.
Immediate support is near the 1.1310 level. The next major support is at 1.1280. There is also a connecting bullish trend line forming with support at 1.1280 and the 50% Fib retracement level of the upward move from the 1.1223 swing low to the 1.1339 high.
If there is a downside break below 1.1280, the pair could drop toward the 1.1225 support. The main support on the EUR/USD chart is near 1.1135, below which the pair could start a major decline.
On the upside, the pair is now facing resistance near 1.1340. The next major resistance is near the 1.1420 level. An upside break above 1.1420 could set the pace for another increase. In the stated case, the pair might rise toward 1.1550.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURUSD May 19 Trade Executed -updatedEURUSD
May 19 Trade Executed
2 London Macro
Parent range equilibrium
Previous range coming into Asia premium
Narrative
*I suspected Sundays delivery to be aggressive, retracing Fridays inefficient delivered price, glad it did, setting up for a run on equal highs.
*Asia expanded with typical swing low back to 50 level to consolidate.
*Sell side taken the last session high probability for price to seek equal highs.
(I was a little shaky with my idea reading the minute charts which I need to read the candle formations but it sure swings my emotions)
Frame work-from 3 min TF
22:00 Price stayed above the 18:00 candle created a minor equal low.
0:03 FVG forms first presented FVG
1:09 creates a clean equal high and breaks down
1:45 candle barely takes minor sell side liquidity
1:51 energetic candle rallies away and breaks the swing high
2:00 comes down in the FVG
2:03 entered Price 1.11880
First target minor equal highs
Second target equal highs
Third target equal highs
Forth target the 1SD and FVG/NWOG
Exited 4:18 Price1.12492
Admittedly I had a lower price and when I did not get tagged in I did instant order -rule breaker, plus slip got me higher, its ok
NOTE I had to build my execution off GBP/DXY price action for confidence
NOTE I did buy above the 50 in a premium for this trade-rule breaker
This is one of my best trades, the most calm I have been and holding it was hard and trusting that price would hit the targets.
rinse wash and repeat, so grateful I m getting better every trade. Blessed!
EURUSD Pullback in Play โ Next Stop: $1.1337EURUSD ( FX:EURUSD ) is moving in the Resistance zone($1.1310-$1.1162) while the upper line of the descending channel has been broken.
According to Elliott Wave theory , a breakout of the descending channel can at least confirm the end of a corrective wave . The corrective wave structure was a Double Three Correction(WXY) .
I expect EURUSD to rise to at least $1.1337 after completing a pullback to the upper line of the descending channel .
Note: If EURUSD touches $1.11590, we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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EURUSD: Bearish Continuation After Breakout ๐ช๐บ๐บ๐ธ
EURUSD broke and closed below a significant horizontal support this week.
After a retest of a broken structure, the price formed a descending triangle pattern
on a 4h time frame.
Its neckline violation is a strong bearish confirmation signal.
The price is going to continue falling next week.
Next support - 1.11
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Could the Fiber bounce from here?The price is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.1137
1st Support: 1.1077
1st Resistance: 1.1241
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD: 4H Death Cross to push Channel Down much lower.EURUSD has turned neutral on its 1D technical outlook (RSI = 54.499, MACD = 0.002, ADX = 31.600) as the price approaches the top of the 1 month Channel Down. A rejection and LH is expected soon that will initiate the new bearish wave. The last one was -4.45%, so that gives a TP = 1.0900, which falls right on the S1 level and the HL trendline from the February 3rd low. Keep in mind also that the market formed the first 4H Death Cross since February 10th.
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"This ainโt your average pullbackโฆ itโs a trap in disguise!"Price is reacting perfectly within our mapped supply-demand zones. After a liquidity sweep, we're expecting a short-term bullish move into the minor supply before a potential strong bearish continuation toward the green demand zone.
Key idea: Wait for rejection from the highlighted supply for optimal short entries.
This setup aligns with smart money concepts โ patience is key.
Targets:
First TP: 1.11350
Final TP: 1.11000
#EURUSD #SmartMoney #ForexAnalysis #OrderBlocks #SupplyDemand #LiquidityGrab #ForexSetup
EURUSD 1st 4H Death Cross after 7 months. Is it enough to short?The EURUSD pair just formed its first Death Cross on the 4H time-frame since October 04 2024. The last such formation signaled the bearish extension of the trend by breaking below its Higher Lows trend-line.
That was a similar Higher Lows trend-line the price rebounded on on May 12, exactly on the 1D MA50 (red trend-line). With the 1D RSI on levels similar with that previous Death Cross, we will wait for confirmation before shorting again and the price to break is the Higher Low/ 1D MA50 Cluster.
If broken, our Target will be just above the 0.618 Fibonacci from the bottom at 1.07350.
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๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
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Bearish drop?The Fiber (EUR/USD) is rejecting off the pivot and could drop to the 1st support.
Pivot: 1.1273
1st Support: 1.1084
1st Resistance: 1.1371
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.