EURJPY: Bullish on a 4H MA50 rebound.EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP = 166.500).
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D-EUR
EURUSD 8 Apr 2024 W15 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Reached Swing EQ
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.
Potential bearish dropEUR/CAD is currently on a resistance level and could reverse from this level to our take profit
Entry: 1.47378
Why we like it:
There is a pullback resistance level
Stop loss: 1.47789
Why we like it:
There is a pullback resistance level
Take profit: 1.46630
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD - Bearish Control Soon⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bearish , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the upper bound of the wedge acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 1.088 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD 8-12 Apr 2024 W15 Weekly Analysis - EU Rate / US CPI PPIThis is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation / INT Continuation
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
Also after iBOS we expected a pullback which was initiated after the Bullish CHoCH which formed a demand that is currently showing reaction from causing a Bullish CHoCH.
3.
Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
Economic Events for the Week
EURUSD1h - The hourly timeframe is currently indicating a short context as well. I'm expecting a breakout above the imbalance and also above the previous day's high (PDH). After that, my main intraday target will be the previous day's low (PDL).
Summarizing the above, both key timeframes are in a short context.
EURUSD 7/4/24EU starting off our weekly markups, we are looking at exactly what we called for way back at the start of last month which is price creating daily highs and lows bringing us an overall lower low on the weekly TF, as we know this always need a form of pullback to create these structures.
On our chart you can see we have an idea of what we would like to see, this is for price to drop down into the lower zones we have marked and then travel higher, we established the bullish move on Friday and at the end of last week telling us we need to see better prices for sells, where we sit we also need to see better prices for buys as well! Taking the high to the left has shown us that bullishness is most likely to follow in again this week so we look for the best area to give us context for more higher timeframe structure to form.
follow PA and trade your plan.
EURO - Price can bounce up to $1.0900, breaking resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to trades in flat, where it some time decliend to support area, after which it started to grow.
Price left flat, and then reached $1.0935 level and even entered to resistance area, where EUR little time traded.
After this, Euro broke $1.0935 level and fell below, after which price rose to this level again and made downward impulse.
Euro fell to support line, breaking $1.0820 level, but soon it turned around and made upward impulse to resistance line.
Also, price broke $1.0820 level again, and reached resistance line, but recently it fell and then started to rise.
In my mind, Euro can little decline and then bounce up to $1.0900, breaking resistance line.
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Eurjpy and Audjpy looking for looks if jpy continue weakensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities
But do keep in mind if BOJ gonna dish out stuns on its interventions.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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EURUSD: Potential MACD Bullish Cross makes all the differenceEURUSD is neutral on its 1D technical outlook (RSI = 49.712, MACD = -0.001, ADX = 26.518) and that's exactly how we can characterize its trend on the medium term. Even though both this week and the previous closed on flat 1W candles, the pair remains inside a Channel Down that has just formed a 1D Death Cross. For now that is bearish and that's what we remain, still aiming for a -2.67% decline (TP = 1.06900) since two weeks ago.
Notice however the 1D MACD which is near forming a Bullish Cross, something we last saw on February 16th. If it gets completed, it will be a bullish reversal signal, so we will close our short and open long targeting the top dashed trendline (TP = 1.10700). If it fails to get completed like the August 30th 2023 one, we expect an even more aggressive downtrend. The difference this time is that the price already crossed over the 1D MA50, something which didn't happen then.
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EURUSD 5 Apr 2024 W14 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
4H OF and momentum is Bullish so more development on LTF is required for Shorts to target the Weak INT Low and the continuation of the Bearish Swing to target the Weak Swing Low.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
Reached Swing EQ
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
As expected yesterday, 15m Swing Pullback confirmed after the Bearish iBOS.
Price continued bearish and reached the 15m Swing EQ but didn't mitigate any HTF POI.
Following the Bullish Swing, We need a bullish iBOS to target the Weak Swing High.
Still INT Structure Bearish so expectations is set to continue bearish to mitigate at least the 4H POIs within the 15m Swing Discount.
Analyzing EUR/USD: Reversal Signals and US Data ImpactThe EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and divergence in the RSI indicator. Traders may consider mitigating their positions with a reversal to the Point of Control (POC) volume value, or alternatively, opt to sell their positions.
The downtick in the ISM Services Purchasing Managers' Index (PMI) data from the US instigated a selloff in the US Dollar (USD) during Wednesday's American session. The PMI headline figure declined to 51.4 from 52.6, indicating a slowdown in the growth of activity within the service sector. Moreover, the Prices Paid Index fell to 53.4 from 58.6, signaling a softening in input inflation within the sector.
Despite these developments, Federal Reserve (Fed) Chairman Jerome Powell reiterated that the central bank is not hastening to lower the policy rate. Powell emphasized the importance of letting incoming data guide their policy decisions, indicating a patient approach.
The upcoming release of the Nonfarm Payrolls data by the US Bureau of Labor Statistics on Friday adds further uncertainty to the market. As traders await this crucial jobs report, market participants may adopt a cautious stance, potentially influencing trading activity.
In light of these factors, we anticipate a reversal in the EUR/USD pair, with market sentiment likely to shift amidst the release of key economic data.
EURUSDGood morning!
Daily review of EURUSD: After yesterday's corrective movement in the long direction (I remind you that on higher timeframes we continue to be in a short context on the daily timeframe). In the New York session, we witnessed a breakdown of the market structure into a short context. My intraday target is the minimum formed during the Asian session.
EUR/USD Analysis before NFP(4/5/2024)In our last analysis, we had anticipated the EUR/USD FX:EURUSD price to have a minor correction but the correction has exceeded our expectations and the price moved to higher levels.
We have some resistance in the 1.09 zone, so we are expecting the price to reach there.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURAUD Strong sell opportunity within the Channel Down.Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target:
This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the longer term bearish extension towards the Channel Down bottom for a new Lower Low. We are going for a standard (for this Channel Down Bearish Legs) -4.25% decline from the top, targeting 1.60350.
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Rising into a resistance level, could it reverse?EURUSD is rising towards a pullback resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit
Entry: 1.08525
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 1.08763
Why we like it:
There is a pullback resistance level
Take profit: 1.07992
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish breakoutPrice has broken out of an overlap resistance level which aligns with the 61.8% Fibonacci retracement and could rise from this level to our take profit
Entry: 1.46630
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement
Stop loss: 1.46258
Why we like it:
There is an overlap support level
Take profit: 1.47338
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD Heavy rejection on the 1day MA100.The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st.
That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it.
The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line.
Sell and target 1.07230 (top of Support Zone A).
Previous chart:
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EURUSD 4 Apr 2024 W14 - Intraday Analysis-ECB Minutes/US JoblessThis is my Intraday analysis on EURUSD for 4 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
4H OF and momentum is Bullish so more development on LTF is required for Shorts to target the Weak INT Low and the continuation of the Bearish Swing to target the Weak Swing Low.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Pullback Phase
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
Bearish Swing failed and we created a Bullish BOS which aligns with the 4H request to initiate the 4H INT Pullback.
But be mindful that we reached the 4H INT Structure EQ and Premium where we could see a bearish continuation.
Shorts are mostly viable after we mitigate a HTF POI and/or a bearish iBOS.
Euro can make correction move and then continue to growHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where it reached the resistance line and then at once rebounded down to the 1.0800 support level, which coincided with the buyer zone. After this, EUR continued to move up in the upward channel and soon reached a resistance level, which coincided with the seller zone and broke it, thereby exiting from the upward channel too. Then price some time traded in the seller zone, after which turned around and started to decline in a downward channel. Euro at once broke the 1.0920 level and then fell to the support line of the channel, and then it rebounded up to the seller zone, but at once turned around and fell back, making a fake breakout of the 1.0920 level. Next, the price broke 1.0800 also, after which it some time traded in the buyer zone and declined to support line of the downward channel. But a not long time ago Euro turned around and made an upward impulse, thereby breaking the 1.0800 level one more time and exiting from a downward channel also. At the moment, I think that the Euro can make a correction movement first and then continue to rise to the 1.0920 resistance level, which is my target as well. Please share this idea with your friends and click Boost 🚀