Some banks and Institutions require their execution desks to close positions as the month comes to and end. This sometimes causes wild and irrational choppiness in the price action. Caution as the market closes out the month of March 24'. PCE data is forecasted to decrease which could spark some optimism and a rebound to the upside to end the month. If not, we may...
Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the...
Hello Traders.. This analysis is more brief but I get to the point with my bias and analysis. The Price level's are there.. We do have news super late in the NY session today as we have a Fed Speech so beware when holding your trades through to the next Daily candle. See you all in the next video
Hello Traders! Welcome back to another Top-Down Analysis of EurUsd. I've found that only trading 1 Pair/Instrument is a great way to reduce your risk exposure in the markets. There are a few reasons for this --- 1) I only have to pay attention to the news announcments for the -EUR & -USD 2) The currency pair has it's own nuances and characteristics that I may not...
We Depreciated -46.4 Pips this week on EurUsd. This was due to profit taking from the increase in recent weeks, CPI data that wasn't favorable for the Federal Reserve's goals, and confluence with a Weekly Resistance Level 1.095. In this Analysis we begin by looking at how the Monthly and weekly timeframes pulled to the downside. We then go down to the 30 minute...
Hello Traders, another Scalping Review video analysis! 8 Trades today (4/8 or 50% Win rate on the day). I traded 2 different setups today. - Fakeout Against the Trend (2 Trades ) and - Fakeout with the Trend (6 trades) .. I earned more today trading the latter.. typically, trading with the trend is not a bad idea and my results showed that today :) . Although,...
Hello Traders! This short video details my Trading Day. I traded 2 different setups today for a total of 3 individual trades. I won all 3 trades :). 2 Of the trades were Short trades as we had price rejecting Weekly Level 1.09510 to begin the week. We also had confidence to put on these Short trades since the London 4hr candle closed bearish and the current 4hr...
Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and...
Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago....
The weekly candle will do 1 of 2 things today. It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant) or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst 0:0 Intro Monthly/Timeframe 0:58 Daily timeframe 3:43 Weekly timeframe 5:43 4Hr...
2 Hours after London Close 2/28/24. Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle...
Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range...
Eur/Usd! The reaction off 1.08927 was quite dramatic last thursday and friday. Intro/Monthly TF 0:0 Weekly Timeframe 4:05 Daily timeframe 6:29 4hr timeframe 9:29 1Hr timeframe 11:33 Price has retraced and since dipped into a 4hr zone 1.08011. It bounced here on friday and the price action consolidated after that. It is possible that we may observe more sideways...
Hello traders welcome back to another detailed analysis of the Eurusd currency pair. This week was bullish and quite volatile. Cad inflation news on tuesday was a catalyst in my opnion for a chnage of sentiment in the currency markets. At the very least, it sparked decent volume and a selloff in the USD. Leave a rocket if you enjoyed the video and comment for...
Welcome back traders to another Top-Down Analysis for Eur/Usd. We can observe an increase on EU that began on Tuesday of this week. As the week has progressed we have slowly climbed up to the next Daily Level 1.088. Better than expected numbers for EURO manufacturing data has provided a nice boost of bullish momenutm and continuation for the Eurusd to the upside....
A new week ahead with NFp economic data to wrap things up so excited for whats to come. 0:0 Monthly timeframe 2:40 Weekly timeframe 5:47 Daily timeframe 8:20 4Hr timeframe We can observe the bearish pressure on Eu across the past 3-4 weeks and the start of the new year 2024. The bearish momentum began with the weekly engulfing candle of the first week of the year.
Short Video Conclusion On EUR's Retracement Video Content: Dear Viewers, it was one of my first EURUSD video analytics. On TradingView, you can see a verified timestamp of 01 December. You might also remember the original video when I shared the signal. I'm happy to announce the idea completed its Target Price. Your profit is the difference between these two...
Hey All. Thanks for stopping by to check out the Analysis. Eurusd is approaching the top side of the range (1.1022) and so we must be aware, as we move out of November, that long orders from here may not be the best idea. I know there are traders who are long from the bottom of the range (1.05705) and you don't think they are thinking of taking a 300 pips profit?...