EU
EU analysisEURUSD update from my past setup EU has been really slow these past few weeks making only slight major moves but i hope to see some really nice moves in the coming week because i see a lot of liquidity been taken at the current high and there is a nice resistance i personally like EURUSD will be more like a very good study for me during this week probably till the third week of January but i'll be on the look out for any comfortable opportunity and mark it all up
DXYWe can see the in the previous DXY rally pullbacks of 2.5-4% was common now we have seen a drop over 9% as we have also hit an historical level and price has made consolidation we can look for these two outcomes, in which I am more bull than bear, bare in mind this could take a while to play out with current market conditions.
EURUSD TO 1.0750! (Longs)Nice little swing trade on EU here. Could take some time, may not. SL highlighted just under the boxed zone, TP at the base of the highlighted box above. Higher lows consistently being made, and this is based on H4 higher low + bullish retracement on daily before another continuation of bearish cycle.
EU SLs are around 1.0200 zone.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Potential EURUSD SELL. On the Daily chart we have hit the new OB (Order Block). On the lower TF 1min we have found a BOS in this zone and a OB. Potential sell off on EURUSD.
Cant show you a better chart, because i have to do the analysis with my phone. Sorry for that.
What do you guys think about this idea?
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EU short-term buyThe London session has just started and there are two areas where the market just found resistance. Now there was a 15 min break of structure to the upside which means the market might go lower to mitigate the orderblock that is below the lower resistance which is also an area of liquidity then move higher to break yersteday's daily high.
the trend is strong with this ICE: a simple long term approachWas not planning to do any deep dive research for this one, but the long term trend of ICE is too obvious to ignore.
Despite the choppy daily chart with now and then a small jump, it did grind higher and higher, decades-long.
When dealing with such a long time frame, it's important to adjust the pr-ICE to splits, dividends, and rights offerings.
And let the logarithmic trend be your friend.
A drop deep into the lower channel, without breaking it, provides a once in a decade opportunity,
So one simple strategy for long term investors, assuming you did your homework and will keep following the development of the company:
Buy when under the middle line, hold or buy less when above; keep the first tranche light and periodically add a small sl-ICE.
eu time for a breakoutits time for a breakout to the upside for euro vs dollar , with gu already leading this move and a super long dollar bullride that yet is begging for correction. I am expecting a break to the upside here.
eu tried and failed a break of its current trend three times past 2 months. We are seeing another attempt right now with eu trading at the upper resistance of its bigger trend. stay tuned.
this break, once confirmed, would also deliver us a new uptrend in eu.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.06680
Pivot: 1.01265
Support: 1.03965
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension is located.
Alternative scenario: Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.
Fundamentals: There are no major news.
2X Dollar Index 1D Analysis! The Dollar seems to be exhausted after the Strong bull run and has broken the trendline and support zone with strong Bearish candles to let us know that there may be a strong reversal. We will wait for a retest and play the USD pairs to the Down side/short and The EU pairs Long/to the upside.
OXYt strategyShort term trade set up to hedge long position, ex-dividend date may trigger sell off.
While price made a higher high, RSI set another negative divergence.
Also noting buy volume is getting thin.
In EW terms, this rally off the June low seems to be corrective 3 waves.
Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide strong support.