Happy new year 2023! Here is my view for EURUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURUSD broke and closed below the support level that became a resistance .
The market is testing a major support level at 1.05000, which is a psychological level.
Price action is approaching the confluence level: support + trendline (dynamic support) + psychological level of 1.05000.
We anticipate a short-term pullback.
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Share your opinion...
EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one.
On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction.
The all, put...
Currency Pair : EURUSD
Possible direction : Bearish
Technical Analysis : Price has broken out of daily support and showing strong bearing momentum on daily and 4h. Current session candle has a very weaker response from the buyers.
Fundamental : Positive ADP Non Farm Employment change data has given a strong boost on USD
Possible trade recommendation : Bearish as...
As you can see, the price break an important level and now we should wait for confirmation to see if the price can have a more fall or not.
My expectation for a bearish market is, price move up to 1.058 and then fall.
💡Wait for the update!
🗓️05/01/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
According to SMC , We have a trades entry for long on EUR/USD pair as following :
ENTRY @ 1.05542
SL @ 1.05286
TP @ 1.06310
RRR : 1:3
GOOD LUCK GUYS ...
EUR/USD :::
The price has tried several times to break this long-term resistance, but so far it has not succeeded .
The price is moving in a downward channel and this increases the probability of a fall .
The probability of the channel breaking is low, but if it breaks, we will see a big price increase .
Good luck .
EURUSD is consolidating in the middle of the consolidation zone, which usually acts as support and resistance levels.
The markets created a massive red candle, meaning that bulls were pushed back.
Price is coiling up before breaking out.
We expect a sharp bearish move and AB=CD pattern.
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Share your opinion in the comments and support the...
EURUSD has formed a strong bullish price action on the lower timeframe after grabbing liquidity from the weekly doji/liquidity zone. From multiple timeframe perspective, All four timeframes, monthly, weekly, daily and 4h is aligning with bullish price action. Upon closing of this candle, a buy trade is high probable.
#EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD 4hr short
⚠️ USD NFP on the 6th, half risk.
Shortstop @ 1.05571
TP #1 @ 1.05093 74.51% wr
TP #2 @ 1.04608 60.78% wr
SL @ swing high 1.07136 15.69% hr
WR and HR determined by past trades made on this timeframe on this pair
more trades like this on Bifrost trades and on my page.
As you can see, price is on a trading range for a week and has a strong support on 1.055.
This analysis is base on breaking the support.
Now we can define our expectation:
potential sell zone:
1.0685 to 1.071
Targets:
1.055
1.036
1.022
💡Wait for update!
🗓️29/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
EURUSD pulled back to the consolidation zone. Consolidation zones typically act as both support and resistance.
The market is testing the psychological level of 1.6200 and is in the middle of consolidation.
We expect a retest of the resistance level .
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Since the end of September last year, EurUsd has started to rise and managed to recover more than 1000 pips from its 2022 losses.
Although in long term I believe that the bearish trend will resume, in the short term more gains could happen.
In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the...
