USDEUX trade ideas
12.12.2024 - EUR.USD ShortsSelling EU with Asia Highs been taken towards the Asia Lows TP. Don't personally like the reaction of the DXY but going to take this. If this takes us out will wait till PDH is liquidated to play for shorts.
EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish.
Indicators:
RSI: At 40, close to oversold territory but still with room for downside continuation.
Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside.
MACD: Below the signal line, signaling bearish momentum.
Key Levels:
Support: 1.0480, 1.0450.
Resistance: 1.0510, 1.0540.
H4 (4-Hour Chart)
Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band.
Indicators:
RSI: At 42, showing weak momentum but not yet oversold.
Stochastic: 28, nearing oversold levels.
MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0515, 1.0540.
H1 (Hourly Chart)
Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud.
Indicators:
RSI: At 45, confirming weak bearish momentum.
Stochastic: 23, indicating oversold conditions and possible pullback.
MACD: Slightly bearish, with price momentum losing steam.
ATR (14): At 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0510, 1.0535.
M30 (30-Minute Chart)
Trend: Bearish but consolidating at key support levels near 1.0490.
Indicators:
RSI: At 43, close to oversold.
Stochastic: 20, signaling a possible short-term pullback.
MACD: Flat, reflecting indecision.
Correlated Financial Instruments
DXY (US Dollar Index):
Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD.
Gold (XAU/USD):
Declining due to USD strength, supporting a bearish bias for EUR/USD.
Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity.
Trade Details:
Entry Price: 1.0510–1.0515 (on a retracement).
Stop-Loss: 1.0535 (above recent resistance).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above the breakout level).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance)
Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk.
Trade Details:
Entry Price: 1.0505.
Stop-Loss: 1.0520.
Take-Profit Levels:
TP1: 1.0490.
TP2: 1.0480.
Risk/Reward Ratio: ~1:1.5.
EurUsd completed 5 wave now ready to complete wave CLooking for Impulse Up
EurUsd completed wave 1,2,3,4,& 5. waves a and b also done now it will move to complete wave C. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
New Indicator tells you when to enter based on HTF StructureAnd it tells you to look for longs or shorts also ;-)
EURUSD SELL SETUPFresh supply after break of structure to downside. Fresh supply zone is where I am waiting to sell. I will put sell limit above to sell.
EURUSD_1D&1W_SellAnalysis and review of the economy and the Eurodollar chart Elliott wave analysis style Mid-term and long-term time frames The euro is in a downward trend. Trading position is from sell to buy. In the long term, the market has entered a large ABC correction after completing five rising waves, which is currently in wave C. Wave C consists of five downward waves, which is currently on the way down as wave 5. The main resistance and ceiling of wave 4 is 1.06100 The targets and support numbers are 1.04070 and 1.02020 respectively, and the last target and support number is 1.00000.
Euro zone is not in good condition according to data chart conditions
EURUSD bullish ideaEURUSD is on a very good support,making a bullish divergence on RSI,will wait for break of previous highr low for target of 1:1.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The ECB's impact on EURUSDThe European Central Bank (ECB) arrives at its last meeting of the year in an environment of high global economic uncertainty, driven by geopolitical tensions, slowdown in China and political changes in the United States. In this scenario, the ECB Governing Council faces a critical decision: to cut interest rates by 25 basis points (bps) in December, continuing its gradual tightening cycle initiated in 2024. However, the real dispute lies in the future direction of monetary policy: moving towards an expansionary zone to stimulate the economy or keeping rates at neutral levels to preserve tools against future crises.
A monetary dilemma and its effects on the market
Analysts' consensus is that the ECB will cut the deposit rate to 3%. This cut, the fourth in a row this year, accumulates to a decrease of 100 bp in 2024. In the short term, these decisions are designed to ease financial conditions in the Eurozone, but they generate divided positions within the ECB between “doves” (pro-expansion) and “hawks” (pro-neutrality). The former seek to stimulate the weakened economy, pushing EUR/USD lower due to a less attractive euro against other currencies with higher yields. On the other hand, the “hawks” argue that excessive cuts now may waste room for maneuver in the future. This creates uncertainty in the markets, especially in the FX market, where EUR/USD has shown volatile movements with each ECB announcement.
Implications for EUR/USD
A 25bp cut could put downward pressure on the euro, as looser policy tends to reduce the currency's attractiveness to investors. However, the impact will depend on expectations about future ECB decisions and the signals given in its forward guidance. If the ECB adopts more accommodative language and is open to further cuts, EUR/USD could break key support levels, such as 1.05, approaching multi-month lows.
Conversely, if the ECB indicates that future cuts will be limited, the euro could find support and stabilize against the dollar. This outcome will also depend on the evolution of other global factors, such as US fiscal policy under the Trump administration, which could influence dollar strength.
Impact on financial markets
In the fixed-income market, gradual cuts are steepening yield curves, favoring intermediate maturity bonds. Meanwhile, in equity markets, an expansionary ECB policy tends to support growth, boosting cyclical and export sectors. However, lingering geopolitical tensions and a moderation in economic forecasts (with projected GDP growth for 2024 of only 0.8%) limit optimism.
Looking ahead to 2025
Some relevant European banks expect the ECB to cut rates to 1.5% by the end of 2025, suggesting gradual adjustments of 25 bps at each meeting in the first half of the year, with possible quarterly reductions in the second half of the year. This outlook leaves a window of uncertainty on EURUSD and European markets, which will continue to react to economic data and global dynamics.
Technical Aspect
Currently the EURUSD awaiting news remains above the support zone. Currently if the rate hike forecasts at today's meeting in the afternoon, will have a palliative effect on the devaluation of the currency. Currently trading at 1.05085 in the early morning hours with a slightly bearish pressure zone since the beginning of the session, a change in directionality to the upside could be seen today. Currently the Check Point (POC) is around 1.05726, a price zone where it was trading on the 5th. It would not be unusual for this rate hike to move the euro in the direction of 1.05400 and break the downward pressure initiated yesterday with the US CPI data which was slightly better than expected although year-on-year inflation matched expectations at 2.7%, although market basket inflation was at 3.3%. This caused EURUSD positions to go long by 70-30% yesterday. Such pressure is similarly maintained.
The ECB faces a difficult balancing act between stimulating the weakened economy and preserving its credibility in the face of future economic shocks. Decisions taken in December and throughout 2025 will define not only the course of the euro, but also the stability of the European economic bloc.
Ion Jauregui - ActivTrades Analyst
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EURUSD M15You can view my previous analysis here . I predicted a selling opportunity and set a target 67 pips below the current market price. The market reacted well to both levels.
This precision is the result of having a strong strategy and extensive experience in analysis.
Moving forward, no clear buying opportunities are visible yet, and I remain focused on bearish positions. A price rise to 1.0549 could
EURUSD BUY Greetings Traders this is my analysis for EURUSD .
From the last chart that had a solid growth we can see that the price is managing itself for a future Uptrend Movement.
I think the price will start a growth to it might reach our potential target for a Uptrend and for a Buy Position
Traders make your own analysis before trading.
Please leave a Like,Comment and Follow!
Thank you!
12.12.2024 - EUR.USD ShortsSelling EU with Asia Highs been taken towards the Asia Lows TP. Don't personally like the reaction of the DXY but going to take this. If this takes us out will wait till PDH is liquidated to play for shorts.
EURUSD Head and Shoulders Bottom & Bullish BatOn the 4-hour chart, EURUSD formed a head and shoulders bottom and a bullish bat pattern. The current key support is around 1.0480. If it does not break, maintain a long position. The upper resistance is around 1.0630. A breakthrough will open up upside space.
EURUSD Hi today I have drawn the technical analysis of the EURUSD. Please notice the volume and the other indicator thanks. This is the 1 hour chart and you can see the formation of the candles. We have had the news report about the inflation today. So inflation has risen since the last year and that was forecasted by the economists. The inflation has also risen since last month, both by 0.1%.
#EURUSD
#inflation
EURUSD Chart AnalysisI follow Photon Strategy:
Weekly: Lot of LQ below 1.04264
4H:
Swing: Bearish
Internal: Bullish, Pulled back below EQ
M15:
Swing: Bearish
Internal: Not yet turned bullish, may happen during the London session
Sells: At extreme POI, 1.05242 will be HP
Buys: After Asian low LQ taken out will be HP
4H Chart:
Hellena | EUR/USD (4H): Long to Resistance area 1.06898.Dear Colleagues, I see a continuation of the upward movement in the coming week.
I believe that wave “1” and wave “2” of the higher order have been completed. Wave “2” of the lower order is either already completed or will be completed soon. I expect that either from the current positions or from the area of 1.04850 the price will start an upward movement to the resistance area of 1.06898.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Learn Best Price Action Patterns For Trend-Following Trading
In this educational articles, I will teach you the best price action patterns for Trend-Following Trading Forex.
📍Ascending & Descending Triangles
The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 main elements:
a horizontal neckline based on the equal highs,
a rising trend line based on the higher lows.
❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying at least below the level of the last higher low.
🎯Take profit is the next historical resistance.
Look at an ascending triangle formation on EURUSD on an hourly time frame.
On the left, you can see the structure of the pattern and on the right, the trading plan.
📍The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish.
The pattern consist of 2 main elements:
a horizontal neckline based on the equal lows,
a falling trend line based on the lower highs.
❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying at least above the level of the last lower high.
🎯Take profit is the next historical support.
Above is a perfect descending triangle pattern that I spotted on GBPUSD on a 4H time frame.
📍Bullish & Bearish Wedges
The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside.
The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying below the low of the pattern.
🎯Take profit is the high of the pattern.
Above is a falling wedge pattern that I found on GBPUSD.
The pattern is formed after a strong bullish impulse.
A trigger to buy is a bullish breakout of its resistance.
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The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside.
The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying above the high of the pattern.
🎯Take profit is the low of the pattern.
To correctly sell this rising wedge pattern on EURUSD, we should wait for a breakout of its horizontal support and then sell the market on its retest.
📍Bullish & Bearish Flags
The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside.
The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying below the low of the pattern.
🎯Take profit is the high of the pattern.
Above, you can see a perfect example of a bullish flag pattern on EURUSD on a 4H time frame and its trading strategy.
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The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside.
The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying above the high of the pattern.
🎯Take profit is the low of the pattern.
Above is a bearish flag pattern on GBPUSD and a full plan to sell the market based on it.
📍Bullish & Bearish Symmetrical Triangles
The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs.
❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above.
📈The position is opened on a retest.
🔴Stop loss is lying at least below the last higher low of the pattern.
🎯Take profit is the high of the pattern.
This bullish symmetrical triangle on EURUSD on an hourly time frame is a perfect example of a bullish trend-following pattern.
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The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish.
The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs.
❗️The trigger is a bearish breakout of a support of the pattern and candle close below.
📉The position is opened on a retest.
🔴Stop loss is lying at least above the last lower high of the pattern.
🎯Take profit is the low of the pattern.
On the left chart, you can see a structure of a valid symmetrical triangle.
On the right chart, you can see how to trade it properly.
The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart.
Once you learn to do that, I guarantee you that you will make tons of money trading them.
eurusdequal high printed marcket and liquidity and privious demand area reaction and break of structure in lower time conformation.
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EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067.
On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044.
But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout.
Resistance levels: 1.067, 1.965, 1.076
Support levels: 1.0448, 1.0331
Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
More news for EURUSDYesterday, the news focused on USD, and today it’s EUR’s turn.
The ECB will announce whether it will lower the interest rate, followed by a press conference 30 minutes later.
Next week, the FED will also announce its decision regarding interest rates.
This could mean that the sideways movement we’re currently seeing may continue.
Watch for reactions to these key events and potential entry opportunities.
eurusdRefinement of my 4hour time frame analyziz, wait for structure to shift berfore entering at the equilibrium of the retracement in lower time frame execution
