Time to take cover on long position. Thanks Giving is comming market will slow down and also closed. Use next 4-7 days to dig into fundamentals. Trade Balances Goverment Debt level Gov Bond Madurity Sessionality of EUR/USD movements CPI data Unemployment Stop loss - Depending on your risk appetite. To be continued Have fun
EURUSD Shows price pulling back towards Support zone 1.07000 for Buy continuation. Wait for bullish closure above zone.
Hi traders! I think this down wave is completed and a super bullish move will start next week. Target is the high of previous monthly candle.
Expecting EURUSD to reach for the Daily -RDRB as delineated on the chart.
On October 12, 2023. The U.S released the Inflation Rate as well as the CPI figures. Both for the Sep period. The Dollars per Euro rate having depreciated by 0.93% to end the week following the release of price data. Do exchange rates moving conjoinedly with price levels? This would be a good thesis to create that hypothesis. One example is statistically...
Haven traded bearish for majority of the week forming weekly high at 1.08951 and weekly low at 1.07240, we could see price drive further down next week, thereby clearing this week’s low at 1.07240 and eventually making its move into the support line at 1.06529 and 1.06000 (a price area in the fair value gap below the 1.06529 support line)which could serve as a...
My Bias is short with close end at 1.06106 scenarios: 1. It touched the 50% retracment line with a wick and goes back up. 2. has a short reaction up and follows down. 3. just falls further till target.
Let's talk about liquidity grab and why the market moves against you the moment you open a trade. At Smart Money, liquidity grab is at the heart of the trading systems, because without it, there can't be a market. ✴️ Market Liquidity No matter how long you have been trading, at some point you must have questioned the depth in the market you are trading. In...
The trend is downward and the one-hour downward step can start from here. The price is close to the resistance of the trend line.
We have CHoCH in 4H TF followed by series of BOS in 1H TF. I think there are two scenarios: 1- we would have a pull back to 1H TF OB and then go down. 2- we would touch the 4H TF OB by a wick and then go down. In any case, for an extra confirmation, it's better to wait for a CHoCH in lower TF after we've reached to any of these two areas. Let see what will...
The long position was closed upon a bearish engulfing hourly and a short was taken at the open. profits taken into 1.073
The EURUSD has been steadily declining from 1.101, but it might stop falling around 1.064 to 1.065. If that happens, the EURUSD could bounce back up to about 1.075 first, and then possibly rise further to around 1.085.
FX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline. Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance area. Trade safe, Joe.
EUR/USD: Navigating the Correction Amidst NFP Anticipation The EUR/USD has unfolded as predicted, maneuvering within a correction phase and signaling a bearish trend. Recent market movements saw a retest of the previous resistance level, and the Asian session kickstarted a pullback in alignment with the prevailing downtrend. Eyes are now turned toward the eagerly...
Sell opportunity in the FX:EURUSD with a target below the daily low, located at 1.07550 for a profit of 20 pips.
The liquidity taking at 1.08551 having a daily momentum candles creates the potential supply zone after rejecting from the weekly daily supply zone thus price might respect the zone to a target 1.08121 or 1.07596 - 1.06534 Demand zone.
A head of the NFP I am in for sells and ready to buy if all goes as planned. You can either risk responsibly or stay away from the markets till NFP is done.