I'm expecting to see a short term downwards reaction on EU today. Reasons: - Test of 1h 200 EMA - Retest of low created last Thursday - Retest of psychological 1.07 level - Expecting downwards move to retest 1W trendline Trade set: - Entry: 1.07 - Stop Loss: 1.071 - Take Profit: 1.066 - RR: 1:4 Will update specific entry, SL and TP as my order gets filled....
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
EU Weekly: EU 4h: Overall, a lot of bearish confluence across the timeframes. Look for further confirmation and entry setups. ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of...
Greetings, everyone! We’re back with a fresh analysis, and I’m currently seeking a Sell opportunity in the OANDA:EURUSD pair, The price might retest the indicated zone, and once we observe any confirmation, we will enter a short position.
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
EUR USD has formed a Symmetrical Triangle on the daily timeframe, and a breakout has occurred now we need to wait for a retest of the pattern before looking for an entry Short/Sell on the lower timeframe
EU gave a solid break of structure here on the daily. Going in line with bullish DXY; watch for the pull back or retest for the next bearish wave down!
EURUSD Is currently stuck inside a triangle... and has bounced of the 61.8 fibonacci level which indicators a huge reversal to the downside. This would be a good time to sell EURUSD and take profit to the VERY BOTTOM! Low risk high reward opportunity.
Idea - Looking at the Monthly Candle it is clear that There's not enough demand strength to push higher toward the highs, from both the original bullish FVG and Also the recent monthly FVG - The recent monthly FVG should've expanded toward atleast previous 3M high but after sweeping previous high, confirmation of bullish weakness to target, the Previous Month...
In our last analysis, EUR/USD FX:EURUSD finally reached our 1.07 target. Right now we believe a minor correction to 1.07 is possible. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hi all! There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began. I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997. ...
First things first: 📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it. -> This will lead to a (temporary) weakness in the USD ✅️ ...And thus a new hope for the EURO?... Once upon a time in a FX galaxy far, far away... The EUR has been rising against the USD for around 2 weeks and new...
The buying pressure in the Greenback keeps gathering pace and forces EUR/USD to recede further, opening the door to a potential visit to the 1.0700 neighbourhood. EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most...
EURUSD Analysis EURUSD is moving in the Descending triangle pattern and the market has rebounded from the support area of the pattern!!! 🔴 Try to SELL all the TOPS !!!
I anticipate the Euro, Yuan and Yen all devaluing this summer against the dollar. I think it starts off with PBOC or BOJ devaluing which will start off a firestorm first by increasing the dollar to 140-160+. I anticipate that at a minimum we'll see .75-.80. Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That...
Currently looking for sell confirmation from the resistance level. Plan B If the price breaks above the resistance level it will potentially become a support level only then we will look for Buy confirmations.