What Do you think?EU has been respecting the monthly order blocks and has consistently been on the rise.
What do you think?
EURUSD trade ideas
EURUSD - Near a Bearish BreakWe were expecting a bullish continuation on EURUSD however as the Dollar continues to go up, EURUSD is edging a breakout which could open lower levels. If the support holds, we should see a Bullish reversal otherwise it is destined for a bearish move.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD SHORT - NEW STRATEGYI have been working hard on a new Lower time frame Long/Short early momentum strategy. Larger drawdown but much bigger Risk to reward.
Forward testing mode on a live account. Lets see how we shape up compared to the backtest...
(separate account to my HTF long only momentum strategy)
TP1- 1.03527
TP2- Manual Close TBC
New Strategy Log
Trade 1- BNBUSDT - (-1)
Trade 2- BTCUSD - (-0.5)
Trade 3 - ETHUSDT
Trade 4 - EURUSD
EURUSD H1 04/12/2024 - SELL below 1.04900 OR BUY above 1.05150Time Frame Analysis
D1 (Daily Timeframe)
Trend: Bearish overall, with the price below the Ichimoku Cloud and the 200 SMA. However, the price is consolidating above the 1.0490–1.0500 support zone.
Indicators:
RSI: 38.7, near oversold but stabilizing.
Stochastic: Slightly bearish but approaching a bullish crossover near 50.
MACD: Negative but narrowing, showing consolidation.
Key Levels:
Resistance: 1.0550–1.0580 (Daily Ichimoku and prior highs).
Support: 1.0480–1.0490 (Key structural support).
H4 (4-Hour Timeframe)
Trend: Price is consolidating below the 200 SMA and inside the Ichimoku Cloud, indicating uncertainty.
Indicators:
RSI: 44, slightly bearish.
Stochastic: Neutral, with potential for a bullish crossover.
MACD: Negative but flat, showing low momentum.
Key Levels:
Resistance: 1.0530 (upper Ichimoku boundary), 1.0550.
Support: 1.0490 (lower Ichimoku boundary), 1.0465.
H1 (Hourly Timeframe)
Trend: Consolidating within a tight range of 1.0490–1.0510.
Indicators:
RSI: 46, leaning bearish but neutral.
Stochastic: Slight bearish crossover but near oversold, with potential for reversal.
MACD: Flat, showing consolidation.
ATR: 16 pips, indicating low volatility.
Key Levels:
Resistance: 1.0515–1.0530 (recent highs and Ichimoku resistance).
Support: 1.0490 (current floor), 1.0465 (next support below).
M30 (30-Minute Timeframe)
Trend: Similar to H1, consolidating within a tight range.
Indicators: Neutral with signs of potential support near 1.0490.
Trade Scenarios
Scenario A: Bullish Breakout (BUY Setup)
Rationale: If the price holds above 1.0490 support and breaks above 1.0515, it could target the next resistance levels.
Setup Details:
Entry Price: Above 1.0515 (breakout confirmation).
Stop-Loss: 1.0490 (below consolidation support).
Take-Profit Levels:
TP1: 1.0530 (H4 Ichimoku resistance).
TP2: 1.0550 (Daily resistance level).
Risk/Reward Ratio: ~1:2.
Scenario B: Bearish Breakdown (SELL Setup)
Rationale: If the price breaks below 1.0490, it could target lower support levels, aligning with the broader bearish trend.
Setup Details:
Entry Price: Below 1.0490 (breakdown confirmation).
Stop-Loss: 1.0510 (above consolidation).
Take-Profit Levels:
TP1: 1.0465 (next key support).
TP2: 1.0440 (H4 and Daily support area).
Risk/Reward Ratio: ~1:2.
Correlated Instruments to Monitor
DXY (US Dollar Index):
A weaker DXY supports the BUY scenario (EUR/USD up).
A stronger DXY supports the SELL scenario (EUR/USD down).
Gold (XAU/USD):
If gold rises, it could weaken the USD and support a BUY trade on EUR/USD.
US 10-Year Treasury Yields:
Rising yields favor USD strength (SELL scenario).
Falling yields favor USD weakness (BUY scenario).
EURUSD, potential inverted H&Spotential inverted H&S most probability will complete and reach its target..........Why?
Because it has been formining within complete five waves.
By El- Sayed Owaidy, CETA, CFTe
Founder of The Egyptian Academy for Elliot Wave “EAEW"
eurusdAccording to the strategy I used, eurusd fulfilled all the rules and I set the SL to be 10pips and the TP to be 33 pips.
Markets Slowing Down Ahead of NFP, What To Lookout ForHey There,
The dollar has been in demand so far this week, boosted by it being seen as a safe-haven amid political turmoil in both South Korea and Europe as well as ongoing conflicts in the Middle East and Ukraine.
With France’s government facing “No Confidence votes” that could spell the end of the short-lived administration of Prime Minister Michael Barnier, pushing the country into uncharted waters of political chaos.
Gold Prices rose marginally as political turmoil in South Korea spurred some safe haven demand along with fears of a collaps in the Israel-Hezbollah ceasefire. However, trades continue to remain on the sidelines amid anticipation for more cues on U.S interest rates.
But any gains in gold were largely limited by a spike in the dollar as it soared on uncertainty over the long term outlook for U.S rates.
Technical Analysis for EUR/USD (Euro/US Dollar)Chart Structure:
Head and Shoulders Pattern:
A reverse Head and Shoulders pattern is visible on the 1-hour chart, indicating a potential reversal to an upward trend.
The Neckline is located at 1.0578, and its breakout could confirm the start of an upward move.
Fibonacci Levels:
The 0.5 Fibonacci level at 1.0578 acts as a key support.
The 0.786 Fibonacci level at 1.0719 and the 1.0 level at 1.0824 are identified as potential targets if the Neckline is broken.
Indicators Used:
Ichimoku:
The price is near the Kumos (cloud), and a breakout above the cloud could signal further upward movement.
Alligator:
The Alligator lines are opening up, indicating an increase in volatility and the potential continuation of the trend.
Price Action Forecast:
If the price breaks the Neckline at 1.0578, an upward move toward the 1.0719 and then 1.0824 levels is expected.
If the price fails to break the Neckline, there could be a reversal back toward lower support levels, such as 1.0498.
Conclusion:
Bullish Scenario: A breakout and hold above 1.0578 would support further upward movement toward Fibonacci targets.
Bearish Scenario: A failure to break the Neckline could lead to a decline and continuation of the current downward trend.
This analysis is based on technical tools and should ideally be combined with fundamental analysis for a more comprehensive outlook.
eurusd - buyEURUSD Trade Idea: Bullish Bias
Summary:
This setup indicates a buy opportunity for EURUSD, supported by strong seasonal trends and favorable exogenous factors, with EUR gaining strength over USD.
Key Points:
Seasonality: EUR shows bullish momentum from Nov 25 to Dec 29, while USD faces bearish pressure from Nov 23 to Dec 6, favoring EURUSD upside.
Commitment of Traders (COT): EUR is at the bottom, while USD is near the bottom, leaning toward a buy bias for EURUSD.
Exogenous Factors:
Balance of Payments (BOP): Neutral for both currencies, with no significant impact.
GDP Growth Differential: Positive for EUR and negative for USD, favoring EUR.
Interest Rates (IR): Positive for EUR, negative for USD, providing additional bullish momentum.
Stocks: Negative for EUR and positive for USD, slightly offsetting the bullish outlook.
Exogenous Score: EUR: +45.5 vs. USD: -22.5, supporting a buy bias for EURUSD.
Trade Bias:
Buy EURUSD, as seasonal and exogenous factors strongly favor EUR over USD.
#EURUSD : some bullish correction!#EURUSD DAILY:
According to the daily time frame, the price trend is still bearish if it is trading below 1.040.
But we expect some bullish correction from the current levels of 1.0500 and the price will test the levels of 1.0800, which also represents the first target for the ab=cd pattern (50% correction of the AD leg), and the target of the inverted head and shoulders pattern.
* This bullish vision will be confirmed if the price breaks the 1.0600 levels.
#harmonic_trading #abcd_pattern
#headandshoulders
EURUSD - ANALYSISHello friends, I want to share my opinion about EURUSD with you
The euro is in a price range that is making orders for a big move
If you want to have a safe trade, wait until this range is broken
If the price breaks above this range, my first target for the euro is 1.06870 , and if the price breaks below this range, my target for the euro is 1.3300 .
Trade safe
eurusd longeurusd
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
EURUSD - Outlook for 04/12/2024EURUSD has been ranging and completed a lower move to support. As far as the support holds, we should see above levels tapped in coming sessions. A sustained break of support will result in bearish move to lower levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD - The Bigger PictureEURUSD seems to have completed the Correction Waves ABC and now looks to start a Bullish move. Stochastic is in extreme lows so we can expect a move to above level as far as support is respected. A break of support level will result in a lower move to below support.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.052.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.049 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Possibility of uptrend It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. If the red support zone is broken, the continuation of the downward trend is likely.
EURUSD SELL!!!!EU sentimental is bearish today, and early morning it just grabbed liquidity of the Asian session high. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target...
On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone.
Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news.
Resistance levels: 1.0606, 1.0654, 1.076.
Support levels: 1.0448, 1.033
Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
EURUSD SELL ANALYSIS HEAD AND SHOULDER PATTERNHere on Eurusd price form a head and should pattern and is likely to fall so if line 1.04608 break price is likely to continue falling and trader should go for SHORT with expected profit target of 1.04206 and 1.03745 . Use money management
Is it time to buy EURUSD?EURUSD continues to hover around 1,0500.
This Friday brings important news for the USD, making it a key moment to determine the next move.
A crucial support level is at 1,0432, and a bounce from this level could justify buying opportunities.
If a bounce occurs, we might see a rise above 1,0600.
At the current levels, there’s no basis for entry with a favorable risk-reward ratio.
#EURUSD M15In the lower timeframes, we will see the results very soon.
I expect a movement similar to the drawn lines.
#EU ANALYST #EU analyst
Currently, the price is still reacting at FVG monthly frame, you can wait for LTF (H4) to create MSS.i as shown in picture 2 and then find a buying point up to BSL.
* If the price sweeps liquidity or Asia.Sweep then creating Mss.i will be safer. If the price drops and does not create Mss.i, I will update again.
Goodluck🥰🥰
