EURUSD1! trade ideas
Euro Trade Plan he Euro has big potential to go up. This a winning trade today 01 June 2020 . This my today trade on Euro .
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EUR has created an ancd pattern.Eur futures has had a very positive week, it has broken the resistance due to the Risk-on mood between the investors.
USA preliminary GDP was negative -5.0% against -4.8%. In europe there is a sort of enthusiasm for the easing of lockdown and the recovery fund is almost ready, 750 billions of euros to help every country. The fundamentals are positive, howevere there are still some risks related to the recovery fund becauseit won t be easy to reach an agreement, in addition usa-china tensions might appreciate the dollar (because it is a safeheaven currency).
In the chart we notice an ABCD pattern, the price is actually in the POTENZIAL REVERSE ZONE, so we need to wait before opening a sell trade. CCI has created a clear divegence and volumes are becoming lower.
Have a nice trading guys
EURO LONG TARDE PLANEuro has a big potential to go up
DISCLAIMER : This content can change at any moment
EURO ANALYSISThis my analysis on euro on daily bases . The euro right now is not to buy or to sell.
Euro is in a range if he break resistance he will go up and if he break support he will go down .
SELL EURO TRADE PLANI don't recommand buying euro in short period . We are protected with a strong resistance . The Euro has potential to go down in 15 minute period
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Euro future will go upThe price is approaching an important area of support, it has created a triangle, and price will easily bounce up towards the highest trendline at about 1.0980. Volume of trading is low because price is in a consolidation phase, during next weeks we will see higher amount of volume and stronger movements. Keep in your mind that the long term trend is bearish, so use a stop loss to protect your money.
Enjoy your trading!!!
Francesco
order: buy/sellIn the event that this area is breached have a high probability To climb to the top zone
But in the event that a red bougie is formed with a red volume column forming a high probability the price will go down
Euro LONG - Supply & Demand + Correlation PlayOverview: There is an ADP Non-Farm Employment Change report tomorrow at 5:15am PST which is expected to have a high impact on the US Dollar. We all know how unemployment has been recently - the worst the world has seen since the Great Depression. We are also entering the extremes of the range on the Euro and US Dollar, providing a high probability opportunity for a reversal. EU Economic Forecasts will be released at some point tomorrow as well which could accelerate price into our zones.
Analysis: To determine the area of entry I've used a combination of supply and demand analysis, multiple time frames, and candlestick analysis. Candlestick structure was found on the higher time frames, and risk was minimized by finding structure in the lower time frames.
Set Up: This trade will have a risk of $125/contract and potential profit of $468.75/contract. If demand forms as price moves away from our zone, a manual trail stop will be moved below demand zone with a buffer to lock in profits. Target may be moved to let the trade run depending on market conditions tomorrow and if significant demand forms as price leaves zone.
Target: 1.08440
Entry: 1.08065
Stop: 1.07945
If price falls below this zone, there will be a second opportunity for a long entry at 1.07580-1.07390 . This should provide an ever greater probability and higher profit potential.
[6E] - High probability to drop to the price 1.09005 EUR6E Futures High probability to drop to the price 1.09005 EUR
