HelenP. I Euro will fall to trend line, breaking support levelHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago rebounded from support 2, which coincided with the support zone and declined to almsot trend line, and then it started to grow inside the upward channel. Inside the channel, EUR soon broke support 2 and rose almost to the resistance line of the channel, but then the price turned around and made a correction movement to the trend line. Euro some time traded near this line, which is the support line of the channel too, and later finally broke support 2 and continued to move up. Soon, the price reached support 1, which coincided with one more support zone, but at once rebounded and in a short time declined lower than the trend line to support 2, thereby exiting from the upward channel and breaking the trend line. But soon, the Euro turned around and made a strong impulse up to support 1, breaking the trend line again and recently EUR broke support 1 too. Just now, the price is declining, so, in my mind, the Euro will continue to fall to the trend line, thereby breaking the support level. For this case, I set my target at 1.0710 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
EUR
EURGBP - Price can make small correction and then start riseHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Recently price bounced from support level, which coincided with support area, and declined to support line of triangle.
GBP turned around and made strong upward impulse to resistance line, breaking $0.8610 and $0.8545 levels.
But then price started to decline and in a short time fell to $0.8545 level, breaking resistance level again.
Then GBP fell to support line of triangle and at once bounced up, thereby exiting from triangle pattern.
Also, price broke $0.8545 level and now it continues to rise, so, in my mind, British Pound can make correction move.
After this, price will turn around and start to move up to $0.8590 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD is approaching the daily trendHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area.
Trade safe, Joe.
Sell EURCAD Ascending TriangleThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to decline.
Target Levels:
1.4655: This represents the height of the triangle, measured from the apex (highest point) to the base (horizontal line), projected downwards from the breakout point.
1.4630: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.4732. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
After rebinding from resistance level, Euro can continue to fallHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to move up inside an upward channel, where it at once rebounded from the support level, which coincided with the buyer zone and made a downward movement. Euro a little more time traded between the 1.0650 level and later finally broke it and in a short time rose to the resistance level, which coincided with the seller zone and even rose to the resistance line of the channel. But then, the EUR turned around and made a correction movement, breaking 1.0730 again, after which the price rose to this level and then made a downward impulse to the support level, thereby exiting from the upward channel. But then the price at once rebounded from the 1.0650 level and made impulse up to the resistance level, some time traded near and a few moments ago started to decline. In my opinion, the Euro can continue to decline to the 1.0650 support level. So, that's why my target is this level. Please share this idea with your friends and click Boost 🚀
EURUSD - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue.
Currently, EURUSD is hovering around the lower bound of the wedge pattern.
Moreover, it is retesting a strong support zone in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline.
📚 As per my trading style:
As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD - Updated Analysis (Bearish Bias)Hello hello,
I am anticipating TWO possible scenarios. For context, you would have to know ICT's Concepts, particularly Time & Price Theory, Price Delivery Continuum, and the PD Array Matrix. Sounds fancy shmancy, but it isn't, it's actually quite beautiful.
Anyway, the TWO scenarios are:
1. Price comes up into the RED circle area. We have a large inefficiency on lower timeframes. On the Weekly we see a Body Breaker and a New Month Opening Gap. After that, price displaces lower this Thursday or Friday as there is also NFP. What i'm looking for is price closing below the current SIBI that the Weekly candle is in.
2. Price does not come up to that area this week, then I am looking for a 3W Sibi to be created and traded into first before moving lower. But preferably, I would like to see that no Weekly candle closes above the current Weekly gap.
Please refer to my previous EURUSD analysis for more information on what I am looking for, and how I am looking for it.
- R2F
EURUSD 2 May 2024 W18 - Intraday Analysis - EU CPI / US Jobless This is my Intraday analysis on EURUSD for 2 May 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Market sentiment is mixed following the Federal Reserve meeting and Powell's speech. The US dollar initially strengthened after the Fed, but then weakened as investors focused on the central bank's dovish comments. This could be positive for EURUSD, which climbed after the Fed meeting. However, caution is still warranted as Non-Farm Payroll data, a key US jobs report, is due on Friday, which could impact the dollar and EURUSD again.
The following news today will have some volatility before NFP tomorrow:
German Mfg PMI Final
Eurozone Mfg PMI Final
US Trade Balance
US Initial Jobless Claims
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
As the INT Structure turned Bearish, it signals that the Swig PB maybe over and we are currently Pro Swing.
After the Bearish iBOS we are expecting a PB which already reached the Refined 4H FLIP Zone.
Currently the Liquidity above the 4H Supply which makes it not a HP Zone for Shorts unless we have clear Bearish Structure formation on the 15m.
I Prefer the Sweep of Liq above the 4H Supply (CHoCH) before Shorts.
Also be mindful that the Strong INT High could be run in the situation of a complex Deeper Pullback Phase for the 4H Swing.
With FOMC Yesterday and NFP tomorrow, this is the behavior of price due to Investors positioning.
Note: Daily is ranging and 4H too 🤷♂️
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Shorts Phase B (HP)
Longs Phase C (LP)
2.
With the volatility of yesterday news, price reached the Bearish Swing Extreme.
No clear direction as we are back again to the same range we are in since Apr 23.
Shorts make sense, but no potential POI / Clear INT Structure to follow.
Also with the 4H Liquidity above the 15m Swing High, there is a HP that the 15m Swing will get run.
3.
After the Bearish BOS we expected a Pullback, which was initiated after the Bullish iBOS.
EURUSD - Time to trap the herd going long?As mentioned in my previous analysis on EURUSD, what I was looking for came to pass. The large swing move did not occur yet, so i'm anticipating one more spike up higher before we head to the downside.
I have a few things leaning towards my short bias:
1. Seasonal tendency for the USD is stronger. This is suspect for XXXUSD pairs to be going up.
2. May's monthly candle barely went lower in terms of Power of 3 manipulation, meaning i'm leaning more towards the manipulation being on the upside rather than downside.
3. DXY has my signature R2F Gap where I anticipate a reversal on EURUSD, and EURUSD has a nice area of inefficiency and a Breaker, which are both my favorite models.
4. Other EURUSD correlated assets are engineering Sellside Liquidity for later.
A long could be taken higher, but I will be stalking the short setup i've been waiting for. I was open to it being the recent spike lower, but I see now the market is trying to do a multiple switcheroo. This will likely be the last one.
So let's see what happens! Exciting times!
- R2F
EURUSD 1 May 2024 W18 - Intraday Analysis - US FOMC/Powell Day!This is my Intraday analysis on EURUSD for 1 May 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
A day the markets awaits loaded with high impact news events. Starting with US ADP, Manufacturing PMI, JOLTS Job Openings and ending with Rate Decision and Powell speech.
Today's FOMC Statement and Federal Reserve Chair Jerome Powell's speech are eagerly anticipated by the market, as both have the potential to significantly influence the EUR/USD pair. The Dollar Index has advanced as investor focus shifts to these pivotal events. Should the FOMC statement or Powell's comments lean towards a more hawkish stance, indicating a preference for higher interest rates, it could bolster the US dollar and exert downward pressure on the EUR/USD pair. Conversely, if the statement or remarks lean towards a more dovish stance, suggesting a inclination towards lower interest rates, it could weaken the US dollar and generate some upward movement for the EUR/USD pair.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
No clear Demand zone available to initiate the INT Structure Pullback.
Price could continue bearish without Pullback as we are in the Swing Continuation Phase.
Expectation is set to continue bearish targeting the Weak Swing Low.
4.
With the recent INT Structure turning Bearish confirming the Swing Pullback Phase may had ended, the Swing Bearish Continuation Phase started targeting the Weak Swing Low.
Current 4H Supply (FLIP Zone) could provide an opportunity for Shorts after the Bearish iBOS inline with the Bearish Swing and Continuation Phase.
Also be mindful that today is loaded with high impact news which will have a high volatility.
15m Chart Analysis
1.
Swing Bearish
OF Bearish
2.
Swing continuing Bearish with Bearish BOS.
After a BOS we expect a pullback.
There is no HTF Zone that can be potential for the Swing Pullback Phase.
Will wait for INT Structure to turn Bullish to look for Longs. Otherwise i prefer Shorts from the 4H Supply as it aligns with the HTF Bearish Phase and targets.
3.
No Clear Demand to initiate the Swing Pullback.
Waiting for INT Structure formation.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4660 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4616: This represents the first level of support within the channel.
1.4588: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4682. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Buy EURAUD Channel Breakout The EUR/AUD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 1.6300 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
1.6402: This represents the first level of resistance within the channel.
1.6456: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 1.6290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.47500 support and resistance area.
Trade safe, Joe.
EURUSD Short-term Bull Flag targeting top of Channel Down.EURUSD held the 4H MA50 (blue trend-line) as Support both today and on Friday and is rebounding. This is a short-term Bull Flag within the 4-month Channel Down pattern that is targeting its top (Lower Highs trend-line).
As per the previous Bullish Leg of the Channel, we are targeting the 0.618 Fibonacci retracement level at 1.08300.
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EURUSD 30 Apr 2024 W18 - Intraday Analysis - EU CPI GDP / US CFThis is my Intraday analysis on EURUSD for 30 April 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Sentiment from Monday (April 29th) could carry over to Tuesday, depending on the outcome of Eurozone data releases (CPI, GDP) and US ( Consumer Confidence). A strong Euro today due to positive data might see some continuation.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Sub-Internal Bullish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
A break of the Sub-INT Low, this will confirm that the Pullback Phase maybe is over and we will continue down targeting the INT Low. On the other side if the Sub-INT Structure will stay Bullish, there is a HP we are targeting the mitigation of the Daily Supply.
More Price development needed.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Sell: Phase B (HP)
Long: Phase C (LP)
2.
Swing turned Bearish signaling the probability that the 4H Pullback is maybe over and we may resume the 4H Bearish continuation move.
No much change from yesterday, we still ranging within a Bullish INT Structure within a Bearish Swing.
Possible Longs from the the current fresh 15m demand but be mindful that we swept the Liquidity below it and the 15m Bearish Swing could continue and run the INT Low.
Shorts are currently not my interest till we have another Bearish Swing.
3.
15m Demand within the INT Structure as it could provide a Low Probability Long Phase C trade.
EUR/NZD potential bearish dropPrice is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.79858
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.80981
Why we like it:
There is a pullback resistance level
Take profit: 1.78414
Why we like it:
There is an overlap support level
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EURCAD: Geopolitical and Technical AnalysisThe euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as the Iran-Israel conflict, was perhaps exaggerated, and now there seems to be a reevaluation as markets return to their previous positions. We may see this trend persist until the next unexpected development from oil-producing countries
I predict the green path, but I'm open to considering the red path as well.
This viewpoint incorporates both intraday and long-term trading perspectives. Enter the trade after the zones have been breached.. Regarding the long-term view, just follow the path after breaking the lines
EUR/USD Analysis: Bearish Bias with Short-Term Bullish PotentialTraders,
Here's our analysis across different timeframes:
Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory.
4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is breached.
15-Minute Chart: Look to short the pair for intraday trading opportunities, with a clear entry point at the cluster of pivot points, a reversal point and previous week high.
Be caution and remain adaptable to changing market dynamics.
Best regards,