Daily Analysis Update \ EURUSD Friday 10 Feb 23Frustrating week on Euro. My target of 1.08270 was never met so I could not go short as it had some more juice in my opinion to trade higher.
The downside target of 1.06044 looks like it will be met maybe by Monday or if the Fed Speaker today gets active we could see that target hit by close of trading today.
Will update with a weekly analysis on Sunday.
EU
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel.
Check first Chart in Description to See what I'm looking at.
Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision)
and Feb 7th ( Fed Powell Speech )
These Charts , when compared and contrasted , are not much different. Actually they are quite the same.
After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or
it could take only 1-2 hours. All relative.
EURUSD Potential Forecast | Wednesday 1st February 2023Trade Idea
1. Currently on EURUSD, there is a lot of sell side liquidity present as I have marked out via the blue zone
2. Price just broke the weekly low and created a lower low
3. Price is in a bearish trend forming lower lows and lower highs
4. I believe price can potentially come down to clear the sell side liquidity
5. Especially this week with FOMC and NFP coming, there will be a lot of whipsaws and volatility in the market
6. Will be especially risk averse and wait for full confluences before entering onto trades
THIS TRADE WILL BE INVALID AFTER TODAY IN LIGHT OF THE HEAVY NEWS.
Trade safe guys!
Regards,
Chern Yu
EURUSD Bullish SetupPrice was initially in a holding pattern showing distribution. However, on Tuesday, 24th Jan, price failed to break the low of the structure and we have been observing HHs.
I have identified a possible bullish trend, and likely expansion to the next levels at 161.8% (1.10030).
I would be interested in a position to buy with a 15mins BOS.
*As always, trade cautiously.
EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade idea
1. Price has swept buy side liquidity above on the weekly
2. Price then had a strong bearish reaction which broke sub-structure
3. Price is currently on a retracement
4. Lower blue zone has been marked out as a potential point of interest to look for short set ups
5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF
Things to take note of:
1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade.
Trade safe guys!
Regards,
Chern Yu
EURUSD Sell SetupPrice has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
EURUSD Potential Forecast | Thursday 26th January 2023Hi everyone, today I will be talking about a possible EURUSD long trade using Smart Money Concepts.
Trade idea
1. Price has broken structure to the upside on the larger timeframe
2. I believe price is still bullish
3. Price is currently in a retracement
4. have marked out the blue zone as an area that price could potentially tap into where I will be looking to enter
5. Will be awaiting confirmations at those levels
Regards,
Chern Yu
Thank you and do give me boost!
EURUSD Potential Forecast | Tuesday 17 January 2023Hi everyone, today I will be talking about a possible EURUSD short to long trade using Smart Money Concepts.
Trade idea
1. Price is currently consolidating and ranging
2. At the highest blue zone, I have marked the FVG (fair value gap) that price can potentially tap into
3. Given the bullish momentum, I believe price can come up to that area before heading back down to clear the sellside liquidity before once again looking for LONGS
4. Essentially I will be targeting the various sweep of liquidity first before entering into the market.
Things to look out for:
1. Price could potentially make new highs from here and not necessarily come down to clear the sell side liquidity, be sure to stick to your trading plan!
Thank you and trade safe guys!!!
EURUSD Potential Forecast | Monday 16th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts for this week.
Trade idea
1. Price rejected off the previous weekly high, which followed by very strong bearish momentum
2. We can see that there is equal lows and sell side liquidity below at ~1.0801 where price could be targeted at
3. Fair value gap marked by the blue zone above gives a point of interest to short price back to clear the sell side liquidity in point 2
4. I will have a take profit zone at the previous daily low
Given the strong bearish momentum coming in EURUSD, I believe there is room for EURUSD to continue bearish and clear the previous daily low. And I will be looking for SHORT opportunities at the fair value gap. (bluezone)
Things to look out for:
1. If price were to sweep sell side liquidity and followed by a very strong bullish momentum, price could reverse back bullish.
So we have to be vigilant in the market.
Thank you and trade safe guys!!!
Any chart request please feel free to pm me.
Regards,
CY