ProfessorCEWard

✨✨NEW: EURUSD CURVE ANALYSIS (3D)✨✨

Long
OANDA:EURUSD   Euro / U.S. Dollar

SLO @ 1.1225 ⏳
TP5 @ 1.1125
TP4 @ 1.1075
TP3 @ 1.0895
TP2 @ 1.0780
RESISTANCE @ 1.0666
TP1 @ 1.0615
BSO @ 1.0505 ⏳
-SL @ 1.0475 🚫
SUPPORT @ 1.0445

😭 PA pushed well below our previous Pivot Low and triggered our Stop-Loss.

However, I'm going to stay true to my original analysis and shoot for a long AGAIN.

Keep in mind PA could still retrace back down to the Demand Zone, which begins @ 1.0445
Trade active:

EURUSD...DT
(aggressive risk)

SSO @ 1.0545 📉
TP @ 1.0466
BLO @ 1.0460 ⏳

It looks like that retracement is kicking in!!! Based on the 12m chart, if price action continues to respect this Sell Stop Order, then I'm anticipating the unfortunate retracement back down to our original Demand Zone around 1.0450
Comment:
BSO @ 1.0550 ⏳

📈 If Price Action opens/closes above 1.0550 on the 12m chart, then I'm going to reverse my short back to our original long position.
Trade active:

MODIFICATION
+SL @ 1.0544 🚫

💸 THIS IS NOW A RISK-FREE TRADE
Comment:
Unfortunately, Price Action pulled back hard and our +SL has been triggered

Now I have an SSO @ 1.0540
Comment:

📈 FLIP ZONE 📉

A flip zone is a price level where there is a significant shift in supply and demand. This can happen when price is moving in one direction and reaches a level where there is a lot of resistance or support — in our case, resistance

If buyers are unable to overcome this resistance, price will most likely reverse and return to the uptrend direction.
Comment:
CORRECTION:

If buyers are unable to overcome this resistance, price will most likely reverse and return to the DOWNTREND direction.
Comment:

EURUSD...DT
SLO1 @ 1.0588 📉
+SL @ 1.0585 🚫
Support @ 1.0485

ADDITIONAL INFO:
💸 Since our SLO we're up +35 pips

🚫 +SL modified @ 1.0585

🤑 Ok to exit anytime before Support @ 1.0485

💸 THIS IS A RISK-FREE TRADE
Trade active:
📉 The drop (downtrend) should be continuing.
Trade closed: stop reached:
😱 WOW!! These Market Makers did us wrong with this spike—before the drop—on the 15m chart

🚫 +SL Triggered for a profit of + 3 pips

Now let's try this again‼️

STANDBY FOR UPDATED ANALYSIS
Trade active:
SLO @ 1.1225 ⏳
TP5 @ 1.1125 (shaving 25%)
TP4 @ 1.1075 (shaving 25%)
TP3 @ 1.0895 (shaving 25%)
TP2 @ 1.0780 (shaving 25%)
RESISTANCE @ 1.0666
TP1 @ 1.0615 💰 (shaved 25%)
+SL @ 1.0585 🚫
BSO @ 1.0505 📈
SUPPORT @ 1.0445

🤑 WE HIT OUR TP1
Comment:

Buy Order Opportunity @ 1.0601 ⏳
Comment:

🤑 WE HIT OUR TP1 and shaved 25% @ 1.0715

✍️ Being that price action spiked so aggressively, it appears that there are only two possibilities for a support level: one minor and one major

‼️ Based on the 10-minute, the minor support level shows a weak possibility of price action continuing the uptrend from 1.0652.

✔️ Based on the 1D, the major support level shows a strong possibility of price action continuing the uptrend at 1.0583, which is also a strong demand level.

⚠️ As you can see that Support Range from 1.0652 down to 1.0583 is very wide @ ~69 pips
Comment:
✨ EURUSD: UPDATE ✨

⚠️ This update is the lower timeframe downtrend (45m) within the Big Picture UT (3D)

📈 Although, the Big Picture trend on the 3D is up, it looks like PA is only going up to 1.0705 (4m) before retracing to the downside

📉 After reaching 1.0705, I'm anticipating the drop to continue as low as 1.0535 (45m)

📈 From 1.0535 we can continue our BIG PICTURE uptrend
Trade active:
💰 We captured our TP2 @ 1.0780 (shaved 25%)

🤦🏾‍♂️ Price Action missed our TP3 @ 1.0895 by 8 pips

📉 USD News has caused Price Action on EURUSD (30m) / GBPUSD (45m) to retrace to the downside

🚫 Demand Zone on the GBPUSD has been violated

🚫 EURUSD: shows a Break of Structure @ 1.0850

⚠️ Demand Zone on the EURUSD has been pierced

Based on the above info we have a DT Confirmation on both pairs

🔥 Scalpers: TPs are based on a 1:1 ATR

? GBPUSD is 89% positively correlated to EURUSD

? White Horizontal Line reflects the Point of Control (POC) that's hold the DT
Trade active:

EURUSD...UT

🙏 This may be a blessing for us to starting Buying the Dip to jump back in on this uptrend (UT).

🚫 NEXT AREAS OF RESISTANCE ARE @ 1.1075, 1.1100, 1.1175, & 1.1200

Professor C. E. Ward
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.