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6E1! trade ideas

Euro FX Futures (6E1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 1.05355 Pivot: 1.05125 Support : 1.04285 Preferred Case: On the H4, with price moving below the ichimoku cloud and within a descending channel , we have a bearish bias that price will rise and drop from the pivot at 1.05125 in line with the pullback resistance and 23.6% fibonacci retracement to the 1st support at 1.04285 where the swing low support and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price may break pivot structure and head to the 1st resistance at 1.05355 where the pullback resistance, 50% fibonacci retracement and 23.6% fibonacci retracement are. Fundamentals: Due to ECB President Lagarde stating that it was unlikely the Euro zone could go back to an environment of low inflation, we have a strong bearish bias towards Euro.
CME:6E1!Short
by Genesiv
Potential for Bullish MomentumTitle: Euro E-mini Futures ( E71! ), H4 Potential for Bearish Momentum Type : Bearish Momentum Resistance : 1.0790 Pivot: 1.0654 Support : 1.0428 Preferred Case: On the H4, with price recently breaking the ascending trendline and moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 1.0654 in line with the 50% fibonacci retracement , to the 1st support at 1.0428 at the swing low in line with the 61.8% fibonacci retracement . Alternative scenario: Alternatively, price may reverse off the pivot and rise to the overlap 1st resistance at 1.0790 at the multiple swing highs in line with the 78.6% fibonacci projection and 50% fibonacci retracement .
CME_MINI:E71!
by Tickmill
Potential for Bullish MomentumTitle: Euro E-mini Futures (E71!), H4 Potential for Bearish Momentum Type : Bearish Momentum Resistance : 1.0790 Pivot: 1.0654 Support : 1.0428 Preferred Case: On the H4, with price recently breaking the ascending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1.0654 in line with the 50% fibonacci retracement, to the 1st support at 1.0428 at the swing low in line with the 61.8% fibonacci retracement. Alternative scenario: Alternatively, price may reverse off the pivot and rise to the overlap 1st resistance at 1.0790 at the multiple swing highs in line with the 78.6% fibonacci projection and 50% fibonacci retracement.
CME_MINI:E71!Short
by Genesiv
Potential Bullish ContinuationTitle: EURO E-MINI FUTURES ( E71! ), H4 Potential for Bullish Rise Type : Bullish Rise Resistance : 1.0790 Pivot: 1.0545 Support : 1.0428 Preferred Case: On the H4, price is moving above the ichimoku cloud and in an ascending trendline which supports our bullish bias that price will continue to rise from the pivot at 1.0545 at the pullback support to 1st overlap resistance at 1.0790 in line with 78.6% fibonacci projection and 50% fibonacci retracement . Alternative scenario: Alternatively, price could drop to 1st support at 1.0428 where the 61.8% fibonacci projection and swing low support are. Fundamentals: no major news
CME_MINI:E71!
by Tickmill
Potential Bullish ContinuationTitle: EURO E-MINI FUTURES (E71!), H4 Potential for Bullish Rise Type : Bullish Rise Resistance : 1.0790 Pivot: 1.0545 Support : 1.0428 Preferred Case: On the H4, price is moving above the ichimoku cloud and in an ascending trendline which supports our bullish bias that price will continue to rise from the pivot at 1.0545 at the pullback support to 1st overlap resistance at 1.0790 in line with 78.6% fibonacci projection and 50% fibonacci retracement. Alternative scenario: Alternatively, price could drop to 1st support at 1.0428 where the 61.8% fibonacci projection and swing low support are. Fundamentals: no major news
CME_MINI:E71!Long
by Genesiv
M6E Potential BuyM6E Buy Potential 05/31/2022 4HR TF -Price currently at 3 weeks VAH -Price rejects 50EMA -Price went above both 25 and 50 EMA 30min TF -Price still currently inside the previous day VAH Waiting for price to react the 30mins VAL and get an entry confirmation as we are still at the previous Value Area High before entering the trade. If price break the 30mins VAL, trade will be invalid and I will expecting the price to aim for the nPOC of 4HR TF which is at 1.0557 area.
CME_MINI:M6E1!Long
by Rhnmrks
Potential Bullish Momentum On the h4, with price moving above the ichimoku cloud, we have a bullish bias that price will bounce off the overlap support at the buy entry at 1.07430 in line with the 38.2% fibonacci retracement and rise to our take profit at 1.09480 in line with the overlap resistance. Alternatively, price may break support structure at our buy entry and drop to the stop loss at 1.06565 at the horizontal support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CME:6E1!Long
by Rockqet
EURO FX FUTURES (6E1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 1.07570 Pivot: 1.07085 Support : 1.06155 Preferred Case: With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 1.07085 in line with overlap support to our 1st resistance at 1.07570 where the 61.8% fibonacci projection and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 1.06155 in line with the overlap support, -27.2% fibonacci expansion and 38.2% fibonacci retracement . Fundamentals: The most recent ECB announcement points to a rate rise in July. The pace is projected to be moderate, given the dangers of a recession based on the situation of the long-running conflict in Eastern Europe. As a result, we have a weak bullish bias.
CME:6E1!Long
by Genesiv
EURO FX FUTURES (6E1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 1.07570 Pivot: 1.06715 Support : 1.06155 Preferred Case: With the MACD having a bullish momentum and prices breaking the ichimoku cloud, which supports our bullish bias that price will rise from our pivot at 1.06715 in line with overlap support to our 1st resistance at 1.07570 where the 61.8% fibonacci projection and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 1.06155 in line with the overlap support, -27.2% fibonacci expansion and 38.2% fibonacci retracement. Fundamentals: The most recent ECB announcement points to a rate rise in July. The pace is projected to be moderate, given the dangers of a recession based on the situation of the long-running conflict in Eastern Europe. As a result, we have a weak bullish bias.
CME:6E1!Long
by Genesiv
Volatility 19 May 22 Currency Futures Eur, Gbp Aud, Chf YenAUD Futures Futures 19 May 2022 Based on the HV measures from the last 5397 candles our expected volatility for today is around 0.96% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.21% This is translated into a movement from the current opening point of 0.008 With this information our top and bottom , with close to 81% probability for today are going to be TOP 0.704 BOT 0.687 GBP Futures Futures 19 May 2022 Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.78% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.98% This is translated into a movement from the current opening point of 0.012 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.246 BOT 1.222 EUR Futures Futures 19 May 2022 Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.65% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.82% This is translated into a movement from the current opening point of 0.009 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.056 BOT 1.039 CHF Futures Futures 19 May 2022 Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.58% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.73% This is translated into a movement from the current opening point of 0.007 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.02 BOT 1.006 YEN Futures Futures 19 May 2022 Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.75% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.93% This is translated into a movement from the current opening point of 0.007 With this information our top and bottom , with close to 81% probability for today are going to be TOP 0.0078 + 0.008 BOT 0.0078 - 0.008
CME:6E1!
by exlux