What a Trading day.. a Continuation followed by a sharp selloff. The continuation was called out here at ShrewdCatFx and the Selloff was punishment to late buyers I suppose. NFP data tomorrow will likely take us for a ride as It typically does.. Direction? I'm leaning for more upside despite our weak Daily candle closure today. Why? I like the optimistic remarks...
Hello trader, our previous idea yesterday about buying EUR/USD@1.0730 zone was super hit as price went up more than 120 pips from the lows. (We have linked the previous idea below for you to cross check) Currently, price is well above the 1.0720 support zone. So, we can say that the support zone is unbroken. In fact, price has also moved marginally above...
In this analysis of the EURUSD on the 1-hour timeframe, I'm observing how the price behaves around the 1.08500 supply zone. My intention is to confirm a potential short-term selling opportunity as a countertrend move towards the next demand zone at 1.07838. Once this short-term move plays out, I'll be looking for confirmation on a possible long position from that...
Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on...
Technically, EUR/USD has formed a BULLISH BAT harmonic pattern in the four-hour period, and according to the candles formed on the chart, there is a possibility that the price will increase to the 50% Fibo resistance in the range of 1.0853.
EURUSD hits important support zone at 1.07250. It's a weekly and daily support zone and i expect a reversal here, with a take profits at resistance zone 1.076
EURUSD LONG Daily TF Daily TF: 4H TF: 1H TF: Trade to be initiated only when price closes above Blue Sloping TL. Otherwise, Trade should not be initiated. THe pattern formed is deformed Inverse H&S found in Daily TF. Stop Loss should be 25 to 30 pips after initiating the trade or 5 pips below round figure of 1.07
EURUSD LONG Daily TF: 1H TF : When EURUSD closes above 1.0800 and above the blue sloping TL (inner TL), then an entry can be initiated to target 1.0935 If EURUSD doesnt break the blue sloping TL (inner TL), then trade should not be initiated
Good evening everyone! Don't forget to put your thumbs up and write comment if you like the idea. Half of the movement has already passed, and now I’m waiting for the break to the level of 1.07 and from there I’ll start working from the long position. This week we will have important news on the labor market, because it was the labor market that Powell pointed out...
This is my anticipation on the EURUSD, our daily time frame recently broke structure to the downside, we would then do good to anticipate a pullback after the expansion BUT before we can anticipate that pullback, we need to see or have a confirmation in price on a time frame lower than the daily which will confirm our bias for the bullish pullback, as showed in my...
As per my analysis EURUSD should be hitting my said target in net 6 to 8 days and thereafter will further proceed rest of the analysis for the same.
A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG -...
Weekly TF. LH and LL + Descending triangle + Head&Shoulders pattern..
EUR/USD leveled off on Friday after falling sharply on Thursday, with prices hovering slightly above support at 1.0875. If this floor holds in the coming days, buyers may slowly start reentering the market again, setting the stage for a move towards 1.0980. On further strength, all eyes will be on 1.1020. On the flip side, if technical support caves in, sellers...
I believe thats a good trade. Thats a realy nice short term buy idea.
EUR/USD holds a very narrow range in the low 1.0800s. Bargain hunters are still likely to look at dips to near 1.0800 as a buying opportunity for now. Short-term trend dynamics are neutral while the daily and weekly DMIs still lean, if only moderately, EUR-bullish. That should limit downside pressure on spot in the near term at least. Resistance is...
EURUSD has broken structure on the 1hr timeframe which will cause a pullback. But then, the supply zone which it has tap into could make it pullback to a potential demand zone. This demand zone at 1.09000 seems to be that it will attract price to it cause of the liquidity that is resting below it. At this point lets keep our fingers crossed and follow price action.
According to the 4hour View, the pair EURUSD is in Bullish, it break the bullish structure and now it is retracing to find more liquidity and to mitigate the unmitigated POI. It is now near to a POI, expecting the bullish continuation when the price touch and react on this POI.