EURUSD Gonna ShortEURUSD created Bullish Butterfly to such mega move; But now in weekly pattern created a hidden bearish divergence with fibonacchi 0.786(Supply Zone) & rising wages. So need a correction.
Today ECB meeting; 50BPS anticipated and already price in. So there is another opportunity to weak EUR from this point. Tomorrow Dollar NFP data will publish; US labour market performing well. So another good data anticipated from US.
Eurusdshort
AW Euro Dollar Analysis - Live Analysis Ahead of NFPs...In this video I discuss the current price action and explain why this correction bounced the way it did.
I share my thoughts along the way and make sense of all waves in question.
The NFPs may see the Euro plummet from this point.
If you are short, then your stop should be at 1.09138.
See related ideas below.
Hope this helps.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
EURUSD Today Analysis By Forex PharmacyEURUSD Analysis with complete chart patterns.
There is a Head and Shoulder Formation.
Also, A Three Drive pattern.
and Market structure may give us a Sell opportunity with 20 pip SL and 100 PIP TP.
Do support me if you like my working I can share many more analyses.
Regards,
M Raheel Khan
Forex Pharmacy
#AUDJPY- EXPECTING A CLEAN 500 PIPS!!Hey Everyone, We had couple of nice entries on AUDJPY though price have moved in same region for long period, expecting a a massive bearish impulse!
-Wait for price to come at our area and then watch for a nice rejection using a smaller time frame"
-If price dropped now without coming to our area then consider buying at 'INT LQ ZONE'.
-We can at least target 200 pips out of this setup!
LIKE AND FOLLOW!!!
-Remember guys always use proper risk management, and one more thing we do not encourage any financial advice on buying and selling.
-TRADE SAFE AND GOOD LUCK!
EURUSD top-down analysisHello 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.
EURUSD - Possible key reversalEurusd is froming a key reversal today. We have to wait for the daily close, and even after the daily close this can be easily reversed by tomorrow, it's possible we will be having the pullback to the 200 SMA in the following days.
If this plays out the minimum where price drops is the 50 EMA at 1.060 . This price level is also the 23,6% FIB retracement.
If we can break 1.060 the next level to tag is the 2023.01.06 low at 1.04830 and this where the 200 SMA runs.
Let's see if we can break the 10 EMA by printing a key reversal today.
EURUSD M30: Bearish outlook seen, further downside below 1.0880On the M30 time frame, prices are holding in a descending channel and approaching the resistance zone at 1.0880, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 1.0800, in line with the graphical low. Prices are facing bearish pressure from the Ichimoku cloud as well, supporting the bearish bias.
EURUSD in preparation for a drop ahead of NFPOn H4 I have been able to spot an uptrend where the market has made two successive touches above, as it continued breaking higher highs enticing traders to further enter with their stoplosses on the lower lows it has created that is where liquidity lies. However on my hourly POI I have been to been able to spot Liquidity on EQUAL HIGHS created between 6 April2022-22 April2022, Continuing further I see a falling wedge being created which may seem like it has broken out below but notice our POI that was created around 20 Jan 2023 where buyers where in full control, I see it as market maker enticing traders to join the breakout while its intended direction is to tap on this POI and rally shortly shortly to our above main POI then a drop.
EUR/JPY - SHORT; Geopolitics matters - Center stage.Given the inevitability of;
1) An abject Chinese population collapse - already under way -, necessitating the consequent *** massive DEurbanization, DEindustrialization *** (leaving in its wake ~800 million subsistence "gardeners" - No, not even farms, in the traditional sense of scale!);
2) Japan having *** the only other (beside the US) long range Navy *** capable to protect shipping/supply lines, anywhere on the globe; (While China couldn't defend it's own coast line, if push came to shove. All that The "Chinese Menace" propaganda is laughable, at best. China is already dead, it just hasn't rolled over, yet, fully.)
3) The EU's obvious, ongoing Hara Kiri (the kind that would fill every samurai with envy), the demise of the Euro is a foregone conclusion. (How long for total EU disintegration?? ... A) Most likely measured in a couple years; B) It is well under way!.
4) Germany's full and unmitigated retreat from a collapsed Chinese market - the US filling the vacuum in every imaginable corner on the globe;
5) Japan being *** the only other (alongside Taiwan, S. Korea and the US) precision manufacturer of high-technology, of any scale ***;
6) ...
...
12) ...
There are at least a dozen existential reasons - already well within grasp! - all of which will leave Japan likely the only industrial power standing in Asia, while Germany (as is the whole of Europe) will be forced to backtrack to the '60s. - Not to the 1960s, no ... to the 1860s!
The technicals are also favorable to start shorting this pair from here, ... on and on ... onto forever.
p.s. The rise of France in Europe and Japan's in Asia - relative to their current industrial and geopolitical pull- is all but a foregone conclusion.
France being the "youngest" industrial and agricultural power in the EU while Japan, having survived - so far - their own demographic apocalypse, will have ring side seats to revel in the total and abject Chinese collapse. Germany also "only" lacks any and all domestic energy or food resources (except Sauerkraut), while also beset with a demographic apocalypse that is about to hit its full stride.
EUR/USD 30M Swing trading 💶Plan 1 Green 🟢: Price has the potential to go up to zone 1.08862 and hit zone sellers, price move down to 1.08652.
Plan 2 Cam 🟠 : after touching zone Buyers and penetrating to go to zone 1.0845 - 1.0835.
Plan 3 ⬭ : Rejection Buy occurs at the red ellipse and the price moves up to 1.08539
They are all my vision and It is highly subjective because it is on big timeframe, so be careful guys! Happy trading :)
Ray
EURUSD top-down analysisHello 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.