EU is in a downtrend, it is making LH’s and LL’s. This has just filled the weekly IMB and to the left there is a lot of traffic. We could expect a reaction around these levels. We could look for potential Long if the PA presents itself. I do think long term we could see price hit 1.15000. If we get a nice pullback up into 1.20400 or 1.2155 and PA gives me a nice...
Price pushed past the key structural level marked introducing huge numbers of sellers into the market. Price will have to pull back to collect some orders before we see anymore downside continuation. I would like to see a pullback into the selling region marked before we begin to sell off into our target area.
EURUSD declining trend. The two wave sequences shown in my analysis. Dashed lines indicate D1ATR axes. It can be seen from the figure that in both cases the angle of the axes is similar. It can also be seen that similar wave sequences are built during the decreasing ATR. I am trying to trade this set of rules now. I highlighted two fractals with a white line....
This pair is ready to take on some bearish pressure after wiping out minor sellers and previous structure.
You could sell from this region here or wait for a clean crossover the horizontal arrow marked.
EURUSD further decline. Analysis shows that the upward movement of the EURUSD stopped at W1ATR50%. W1ATR (gray box) means how far EURUSD can travel in 1 week based on the weekly ATR. 50% of this distance can be a very strong resistance or even a support level. The current assumption is that it will turn south of this level. Building a second descending wave sequence.
I Used the TDI RSI confirmation to confirm this bearish trend as it is currently within the sell zone. This is a 2R setup with a 104 pip potential. I can see this swinging to 1.11000 but my current target is 1.11500. The 8 & 21 EMA cross is confirmed on the 15M, 30M, 1H, 4H.
Good evening guys, hope you all had a fantastic trading week. This is my idea for EURUSD Short if price should reach the key zones on screen each with a TP level.
Feel free to copy these trades and I will come back in week and see how price reacted and if any of the trades did indeed go to plan.
Currently in Wave 3 after a Wave 2 pull back to almost spike up to the 76.4% around $1.2250. Looking for the 161.8%-176.4% Fib extension around $1.1750 (ideally lower to the $1.17 38.2% of the bigger range).
In this video, I explain why I think we could be in for a swing to the downside for this pair and see price take out the previous lows and eventually reach 1.19000.
Thanks for watching!
Leave a comment if you agree, disagree or have any questions:)
It seems EURUSD has been in a down trend on the 4 hour time frame and on the daily, and a bearish hammer candle has formed on the weekly chart. There also seems to be a nearly 50% retracement that has occurred within the channel, which is a good indication that it may continue to go in to the direction of the trend. Assuming it does fall, then it can be said it is...
I am going short for EURUSD just because we are now in a down trend and looks like price is once again rejecting this area of res.... Also a break below the H4 trend line indicates a trend reversal... 8)
Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to...
I see a series of higher lows, broken trendline and a retest of a daily support level.. 4hr Doji which could mean potential trend continuation... watch out now ;)
Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.22520
TP: 1.18500
Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.21650
TP: 1.20200
