Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi. I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice...
This is a potential long setup on EURUSD. I do believe we are gonna start seeking higher prices either CPI today, or PPI tomorrow. The only other alternative is a drive lower to hunt for liquidity, push the bearish sentiment to the masses, and then crawl back up whilst taking out anyone looking for an opportunity to get in short. Both are valid ideas. Only...
First we see a big sweep and rejection, then we see demand chain and orderflow established on 15/5m so we are looking for confirmations on LTF once price taps that 1h/15m demand zone keep in mind that we are still bearish overall and we still expecting lower prices, that's why we targeting HTF high to sweep it, bcs we may see a pullback after that 15m
Possible long setup on EU. The overall higher timeframe bias is not confirmed in my eye yet, but there may be a potential long intraday form within the current expansion range. CPI and PPI at the end of the week, so be prepared for funky stuff. R2F
I believe EU can make some higher prices after a retracement. There is much imbalance above. On the HTF I think we could see lower prices, but will see how this play goes.
OANDA:EURUSD BOJ sure rocked USDJPY for a bit, BUT the EU holding course...
EU had a big move last week during CPI and PPI. We are now in the New Week Opening Gap territory. There is no immediate setup on this timeframe, so it is better to wait for more confirmation. Let chasers get chopped out while we stay still. - R2F
The current trade setup for EUR/USD shows a bullish overall trend, while the short-term trend is bearish. Traders with a swing trading strategy might consider seeking long-term buying opportunities. It is crucial to emphasize the importance of employing effective risk management techniques throughout the trading process. Happy trading!
This is my outlook for EUR/USD. I'm anticipating Tuesday or Wednesday to make the low of the week, but it is not an issue if it does. Those 2 projections are where I expect price to retrace to before moving higher to finally make new highs. - R2F
as we can see; price swept alot of lows on 15m and tapped nicely on that wick demand, and impulsed back up, which is what we all like to see it also formed a demand chain on 1h after sweep of the low, so we have good confluences now to take a buy with confidence following the bullish orderflow and intent of price will update if we get into a trade or not 1h 15m 5m
OANDA:EURUSD Looks like a prime 1H Breaker Block set-up on the 15m time frame We shall see how this plays out...
EURUSD Top to Bottom Analysis. Started from a Weekly TF down to 30min TF. Projecting a buy for the week.
With the close of the Daily candle in the next 1.5 Hours, Longs would prefer a candle closure above 1.0782. This would confirm another Higher High in market structure. In an uptrend price creates Higher Highs and Higher Lows. If this occurs then we can anticipate a bottom wick ( Higher Low) and then a consequential new bullish candle push to the upside back...
The market is going up for asian session and I'm anticipating a correction of this price action during lodnon session. With USD CPI data during New york session it is possible price could just fly to the next daily resistance zone 1.0813. This will likely occur if the 4.1% forecasted inflation rate isn't met and inflation decreases at a slower rate than what is...
Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. EUR Services PMI along with ECB Lagarde speaking may induce volatility in the market. Hawkish tone will result in bullish momentum in EURUSD, vice versa. Technical Confluences Resistance level at 1.0765 where price has rejected. Support level at 1.0533 which could be a potential...
I promised in the previous post that I would discuss medium-term charts. I've been calling for an abrupt rise in ABC flat for a while now. However, price movements develop much more slowly than the human brain expects. I believe I read about this bias in books by R. Prechter on the fundamentals of Elliott Wave analysis. This time, there is another layer of...
We can Observe that After the 1st Quarter of the Year, January-March the price of Eurusd has increased. Now As we near the middle of the second quarter, I can't help but visualize a Breakout. Price is currently sitting at 1.102. So far price has respected the Weekly Level at 1.106. The High for the first quarter was 1.103. We have now spent quite a bit of time at...
Is it over EURUSD !! Don't leave the Range! Not yettt 😢. 1 Month of ranging on the Daily timeframe. A Swing traders Dream. A Scalper's Dream. We'll See if Price retreats to 1.086 Weekly S/R Zone as plotted out as a potential scenario before FOMC Data last Week.