Hey everyone, Skeptic here! Welcome back to another analysis. Today, we’re diving into EUR/USD, a pair that’s super active and sitting at a critical spot. The triggers I’m about to break down could set us up for some solid risk/reward plays. Like always, let’s start with the Daily Timeframe to get the lay of the land. Here we go! 📊
📅 Daily Timeframe: The Big Picture
On the daily chart, we’ve got a clean upward channel that’s been rock-solid, with the price reacting nicely to the floor, ceiling, and midline. It’s hit the floor 4 times and the ceiling 4 times, so this channel is a reliable trigger we can work with. 💪
The 7-period SMA is hanging out above the candles, showing us the bullish momentum is still in play. Friday’s candle was a bullish indecision candle, which hints at a possible break of the channel’s floor. If that break happens, our first target could be 1.12006. You can clone the channel and slide it lower to spot your next targets and support levels—check the chart below for a visual. Simple and effective! 🔍
⏰ 4-Hour Timeframe: Long & Short Setups
Let’s zoom into the 4-hour timeframe to find our long and short triggers. Here’s what we’re looking at:
Long Setup 📈
Short Setup 📉
🧠 Why Multi-Timeframe Analysis Matters
A multi-timeframe approach is like having a cheat code for trading. It helps us align the signals we find on lower timeframes with the bigger trends and cycles on higher ones. Want to dig deeper? I just wrote an article on this—definitely worth a read if you want to level up your game. 📚
💬 Let’s Talk!
If this analysis helped you out, give it a quick boost—it means a lot! 😊 Got a pair or setup you want me to tackle next? Drop it in the comments, and I’ll get to it. Thanks for hanging out, and I’ll see you in the next one. Keep trading smart! ✌️
📅 Daily Timeframe: The Big Picture
On the daily chart, we’ve got a clean upward channel that’s been rock-solid, with the price reacting nicely to the floor, ceiling, and midline. It’s hit the floor 4 times and the ceiling 4 times, so this channel is a reliable trigger we can work with. 💪
The 7-period SMA is hanging out above the candles, showing us the bullish momentum is still in play. Friday’s candle was a bullish indecision candle, which hints at a possible break of the channel’s floor. If that break happens, our first target could be 1.12006. You can clone the channel and slide it lower to spot your next targets and support levels—check the chart below for a visual. Simple and effective! 🔍
⏰ 4-Hour Timeframe: Long & Short Setups
Let’s zoom into the 4-hour timeframe to find our long and short triggers. Here’s what we’re looking at:
Long Setup 📈
- Wait for a solid break above the key resistance at 1.13485. That’s our green light to jump into a long position.
- Targets? We’re aiming for 1.14235 first, and potentially the channel’s midline if the move keeps going.
- Quick tip: Take some profits at these levels, but don’t close out too soon—let’s milk those R/R ratios! 😉
Short Setup 📉
- On the bearish side, watch for a break below support at 1.12676, especially if the RSI dips into oversold. That could be a strong short trigger, as it’d also confirm a break of the upward channel, opening the door for a deeper pullback.
- Since we’ve had a decent uptrend, this short setup could be extra reliable if the trigger hits. Let’s stay sharp! 🐻
🧠 Why Multi-Timeframe Analysis Matters
A multi-timeframe approach is like having a cheat code for trading. It helps us align the signals we find on lower timeframes with the bigger trends and cycles on higher ones. Want to dig deeper? I just wrote an article on this—definitely worth a read if you want to level up your game. 📚
💬 Let’s Talk!
If this analysis helped you out, give it a quick boost—it means a lot! 😊 Got a pair or setup you want me to tackle next? Drop it in the comments, and I’ll get to it. Thanks for hanging out, and I’ll see you in the next one. Keep trading smart! ✌️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.