LONDON: EURUSD GARTLEY HARMONIC LIMIT - ATR SLPrice has qualified for our last setup of the day using a gartley harmonic entry with SL set using our proprietary ATR value. Lets see how this plays out
EU
Dollar Bulls. A Flop from Friday NY Session. 🤔Volume is coming into the market. Players were eager to return to the arena after the bank holiday. Market structure was bearish walking into week. Not surprised . The top wick of last weekly candle was 108 pips. That's bearish momentum in a nutshell. then you draw up lines on smaller timframes and use technical anlaysis to look for a good RR entry on 4hr/1hr minor zones. There is a high probability that price will drop off a cliff here, and into the abyss below. The 4hr timeframe is pushing us bearish. We failed to close above the 1.06650 4hr zone on the 4hr Timframe and consequently left a very large top wick ( 37 pips) which i interpret as rejection of higher prices. We'll see what happens here. 1.06130 is last weekly candle low price. that is first target. second target being 1.055
ASIA EU REVERSAL ON MOMENTUMPLAYBOOK SETUP: REVERSAL (all conditions met)
ENTRY CRITERIA: MOMENTUM
AIM: Minimum 1:2 RR
ASIA EJ B&R ON MOMENTUMEJ is in a consolidation phase so we must watch our step, but thats usually when algorithmic patterns come out to play, so lets see if they will follow thru on this harmonic reaction, price also formed one of our reversal setups, followed by what could be a continuation with this break and retest
NY EJ B&R DT ON MOMENTUMLets see if this structure break and retest plays out according to the potential ABCD/fib extension
ASIA: EU B&R ON REJECTIONPlaybook setup: Break and Retest using aggressive Sell Stop entry after price seems to have confirmed a potential reversal in our trading timeframe
Freaky Friday // NY Open Reversal // >> 1m Chart in DescriptionAnalysis : Check 1m Chart in Description
If you wish, I have provided a breakdown of the Reversal on EU this Friday.
Go through all 8 points in order and it makes more sense.
Still bearish as we go into next week. However we must be fluid.
So we will allow price to guide us with the clues it leaves us. Price Action.
Bearish Look on EURUSD until end of WeekBearish
Funadamental Background : CPI helped price to pullback and breathe
and now we have returned to the lows.
Momentum: Bear Candle from Last week with solid body
Technicals
1) Large Top wick rejection
on weekly candle after printing
Bear Candle last week
2) Was anticipating Bears to show up this
week AFTER a potential pullback ..
Which we did get a pullback to 1.07900
3) Price just pierced last week's
low , Monday's Low, and Wednesday's
Low
4) Price respected 1.07100 as anticipated
across the duration of current daily candle
5) Range to fill to downside down to 1.5500
EURUSD UPDATE! NEUTRAL?!Hello all!
In the case of EURUSD, like analysed before on HTF in recent videos, the pair broke structure and sold since NFP from January..
However, right now it is one of those pairs that you need to stay away from until the consolidation phase breaks...
I have marked my LTF POIs that i will watch and wait for.
What do you think of it?
Take care!
Selling EURUSD for a swing Buy 5m breakdown
if theres no confirmations on 1m then there will be no trade for us
Trade your plan. Plan your trade
EUR/USD - Will this pair tip over?OANDA:EURUSD
With all the chatter from USA Fed Chair, and institutional players out in front of the news, will this pair finally tip over, while the USD dollar continues to inch up?
We shall see...
Trade well.
EURUSD longEU is getting closer to strong support level.
Price has build liquidity zone entering long below this zone.
SL 10 pips
TP 1:3 (till next level)
Good luck:)
Daily Analysis Update \ EURUSD Friday 10 Feb 23Frustrating week on Euro. My target of 1.08270 was never met so I could not go short as it had some more juice in my opinion to trade higher.
The downside target of 1.06044 looks like it will be met maybe by Monday or if the Fed Speaker today gets active we could see that target hit by close of trading today.
Will update with a weekly analysis on Sunday.
EURUSD ShortsUSDOLLAR Strength, temporary. Sell off, Eur flys to V.I. Looking to short from the highs of that V.I. Then take that down to designated target.
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel.
Check first Chart in Description to See what I'm looking at.
Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision)
and Feb 7th ( Fed Powell Speech )
These Charts , when compared and contrasted , are not much different. Actually they are quite the same.
After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or
it could take only 1-2 hours. All relative.
EUEU looks like it may be in the early stages of forming a W pattern. I like as many confirmations as possible however, sometimes I will try to score bigger by placing a trade ahead of confirmations too. Don't trade what you can't lose.
EURUSD Potential Forecast | Wednesday 1st February 2023Trade Idea
1. Currently on EURUSD, there is a lot of sell side liquidity present as I have marked out via the blue zone
2. Price just broke the weekly low and created a lower low
3. Price is in a bearish trend forming lower lows and lower highs
4. I believe price can potentially come down to clear the sell side liquidity
5. Especially this week with FOMC and NFP coming, there will be a lot of whipsaws and volatility in the market
6. Will be especially risk averse and wait for full confluences before entering onto trades
THIS TRADE WILL BE INVALID AFTER TODAY IN LIGHT OF THE HEAVY NEWS.
Trade safe guys!
Regards,
Chern Yu
EURUSD Bullish SetupPrice was initially in a holding pattern showing distribution. However, on Tuesday, 24th Jan, price failed to break the low of the structure and we have been observing HHs.
I have identified a possible bullish trend, and likely expansion to the next levels at 161.8% (1.10030).
I would be interested in a position to buy with a 15mins BOS.
*As always, trade cautiously.
EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade idea
1. Price has swept buy side liquidity above on the weekly
2. Price then had a strong bearish reaction which broke sub-structure
3. Price is currently on a retracement
4. Lower blue zone has been marked out as a potential point of interest to look for short set ups
5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF
Things to take note of:
1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade.
Trade safe guys!
Regards,
Chern Yu
EURUSD Sell SetupPrice has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
EURUSD Potential Forecast | Thursday 26th January 2023Hi everyone, today I will be talking about a possible EURUSD long trade using Smart Money Concepts.
Trade idea
1. Price has broken structure to the upside on the larger timeframe
2. I believe price is still bullish
3. Price is currently in a retracement
4. have marked out the blue zone as an area that price could potentially tap into where I will be looking to enter
5. Will be awaiting confirmations at those levels
Regards,
Chern Yu
Thank you and do give me boost!
