Euro / U.S. DollarShort
EUR/USD 4H TF Analysis
🇪🇺 EUR/USD 🇺🇸
🗣️EUR/USD analysis update - 4H Timeframe🗣️
Analyzing the EUR/USD currency pair chart is a fundamental skill for anyone interested in foreign exchange (Forex) trading or investing in the currency markets.
The EUR/USD pairing is one of the most traded in the world, making it a prime choice for both beginners and experienced traders.
This analysis serves as a foundation for understanding how to make informed decisions in the Forex market.
As we have received many request regarding the technical analysis of this pair, Here we are going to analyze EUR/USD since 13 July 2023. And we hope to provide useful info for Educational and better future investing decisions.
As you can see, after reaching the weekly supply zone, price has formed a distributing structure. And we can see a Wyckoff formed. And as a result of this structure and break of the SR line, there is a FTR formed and price has formed a downtrend after retesting this zone.
Most of the SHORT positions which were set up at the FTR zone has successfully take their profit.
Price has again engulfed the green zone and formed a new FTR which has been presented to you as a base structure on the chart.
Overall, after a Drop Base Drop price has started a downtrend!
Flag Limits of this structure are shown on the chart and price has first engulfed the bottom of the range which is a sign of possible future bottom break of this range. Also this engulfing as been along with break of the SR line.
After reaching the higher of the range and hunting liquidities at this area, as per expected price has moved downward and by engulfing the Blue SR line it has formed a new FTR (Decision Point). *very important point for this currency*.
Price had a pullback to this area and started moving downward to 1.076 area. (In higher time-frames we can see a QM formed at this stage)
Price was supported at 1.076 and was pulled back to the FTR(decision point).
We expected the price to be rejected from this zone and by touching the Midterm Trend-line (red line) price continued the downtrend to the 1.076 are again.
As the result of all this we are expecting the price to move lower to the Weekly Demand zone at 1.063.
🎗 Trader ACE Academy 🎗
🗣️EUR/USD analysis update - 4H Timeframe🗣️
Analyzing the EUR/USD currency pair chart is a fundamental skill for anyone interested in foreign exchange (Forex) trading or investing in the currency markets.
The EUR/USD pairing is one of the most traded in the world, making it a prime choice for both beginners and experienced traders.
This analysis serves as a foundation for understanding how to make informed decisions in the Forex market.
As we have received many request regarding the technical analysis of this pair, Here we are going to analyze EUR/USD since 13 July 2023. And we hope to provide useful info for Educational and better future investing decisions.
As you can see, after reaching the weekly supply zone, price has formed a distributing structure. And we can see a Wyckoff formed. And as a result of this structure and break of the SR line, there is a FTR formed and price has formed a downtrend after retesting this zone.
Most of the SHORT positions which were set up at the FTR zone has successfully take their profit.
Price has again engulfed the green zone and formed a new FTR which has been presented to you as a base structure on the chart.
Overall, after a Drop Base Drop price has started a downtrend!
Flag Limits of this structure are shown on the chart and price has first engulfed the bottom of the range which is a sign of possible future bottom break of this range. Also this engulfing as been along with break of the SR line.
After reaching the higher of the range and hunting liquidities at this area, as per expected price has moved downward and by engulfing the Blue SR line it has formed a new FTR (Decision Point). *very important point for this currency*.
Price had a pullback to this area and started moving downward to 1.076 area. (In higher time-frames we can see a QM formed at this stage)
Price was supported at 1.076 and was pulled back to the FTR(decision point).
We expected the price to be rejected from this zone and by touching the Midterm Trend-line (red line) price continued the downtrend to the 1.076 are again.
As the result of all this we are expecting the price to move lower to the Weekly Demand zone at 1.063.
🎗 Trader ACE Academy 🎗
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