EURUSD - Daily Trade Idea - 10-Feb-22EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Eurusdshort
EURUSD SHORT 2/9/2023 THURSDAYDOA
-Killzone Time: 8:30 AM
-Session: London/New York
-Time of Execution: 8:25 AM
-Date: 2/9/2023
-Day of Week: Thursday Morning
Entry
-POI: CHOCH 1Min FVG
-Risk to Reward: 1:4.07
-SL: 9pips
-TP: 37pips
-Position: Sell By Market
Moral
-ICT 2022 Mentorship Model/ Faiz
-Opening Bell Liquidity Sweep
-15min chart setup
-Liquidity Swept, MSS, FVG
Results
-Target Reached
-Price respected concept with BSLS & MSS
-31pips secured closed before TP
Lesson
-LFGGGG!!!!!!!
-THIS TOO EASY!!!!!!
-BOSS MOVES!!!!!!!!!
EURUSD - Daily Trade Idea - 9-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Is the Fed out-hawking the ECB?The EUR/USD exchange rate is hovering just above $1.07, close to a nine-month high of $1.1034 reached last week. This is due to the European Central Bank's (ECB) hawkish stance, as ECB board member Isabel Schnabel has stated that the recent interest rate hikes by the ECB have had little effect on inflation. The ECB has raised interest rates by 50 basis points at its February meeting, marking the highest levels since 2008, and has indicated that there may be another increase of the same magnitude next month.
However, the strong demand for the US dollar following the unexpectedly high US employment figures released last Friday is putting pressure on the EUR. Federal Reserve Chair Jerome Powell and New York Federal Reserve President John Williams have both indicated that interest rates need to go higher and the labor market is still strong, while Fed Governor Christopher Waller warned that rates may increase more than expected.
From a technical perspective, the EUR/USD exchange rate is currently tilted towards downside risk, indicating that the market is more favorable towards the Federal Reserve hawks over the ECB hawks. The exchange rate is below all its moving averages and the 20 simple moving average has crossed below the 200 simple moving average. Additionally, momentum indicators are negative and the relative strength index is slightly declining at around 40.
EURUSD 2023 Know your year! Act early! Don't be surprised! 2 minutes to read and reveal the the matrix!
2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart.
Period 1 - August 2020 - Feb 2022
"False break period"
Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into
stocks, cryptocurrency, etc..
But peaking around December 2020, due to FED starting to rapidly increasing interest rates,
causing cash to be very attractive compared to keeping it invested during all time highs, as well as
making loans much more expensive, USD started to gain strength again, BIG TIME, most aggressive policy
to increasing interest rates was implemented during the coming months.
In the meanwhile, EUR delayed increasing interest until July 2022, which explains the huge amount of USD cash compared to EUR in the circled period
and beyond, until bottoming at the bottom of the wedge around late 2022 when ECB started pumping interest.
Period 2 - Jan 2023 - Today (Feb 2023)
"Fresh yearly breakout period"
With the ECB targeting higher interest to 3.0%, 3.25% and 2.50% which is a higher
expectation from 2.50%, 2.75% and 2.00% just from December 2022, making EUR more attractive
to keep cash and less scarce (more expensive to lone) - While the USD is pretty much maximized as
to increasing interest / stimulating the economy as during 2020-2022 FED used pretty much
the entire toolbox - Leaving 2023 as the year for EUR with the FED playing all the cards they had.
The technical breakout we see up above the falling wedge resistance makes perfect sense with the
fundamentals - Making EURUSD a long term strong buy position for the year.
This is a must know chart to be confident while trading EURUSD .
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Always do your own research and practice caution while trading, especially leveraged products.
I would really appreciate comments, questions or any interaction - Thank you!
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EURUSD WEEKLY TRADE UPDATEhello trader
quick recap frm last week
The euro-dollar is consolidating in a range between 1.09295 and 1.08350 before making fresh lows at 1.08022 and 1.11433, respectively, and finishing the week at level 1.07924 and breaking the uptrend stucture
Currently, the euro-dollar is trading lower, and I expect a support at level 1.07119.
Given that there have been numerous rejections at that level in the past, breaking the support level could push prices farther lower, all the way to 1.0629.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
EURUSD - Daily Trade Idea - 7-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 6-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD Long Opportunity Wait for EntryRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
[TRADE UPDATE] SELL Trade TriggeredThe news events this week finally give catalyst to hit the 1.10 mark as explained in my preious post this would likely be the area where buyers turned to sellers this exactly what occured.
We got the pop up above 1.10 into the Weekly SUPPLY/SELL zone and then a SELL signale on the TRFX indicator to allow us to get into the trade the position is already up over 100 pips the target is the 1.06 area.
Though I have already closed 50% of the position and moved the stop towards the entry price so no matter what happens with NFP today we will have made profit on this trade.
For the exact reasons behind this setup please refer to my related post below.
Don't forget to like and boost :)
EURUSD DAILY TRADE Hi all
As of right now, what I can tell is that there is a whipsaw pattern before the peak, with the highest price being 1.09308 and the lowest being 1.08350.
I'm interested in trading at the levels 1.09031 and 1.09308. Before reentering the market, watch for a rejection at the 1.098533 level if the peak is broken.
Share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all