Get started

EU

EU analysis for the upcoming week of Oct. 9In this video I go over my opinion of were I think price will be heading. EU has reacted off a Daily -OB MT to the pip and has started its decent to the nether parts of the charts. It is my opinion that since the dollar is still buying so strong that EU will continue to sell. I think that EU is setting up to retrace towards premium prices for shorts. There are key levels I highlight where I will be looking to add positions.
Short
by chaarate
EURUSD Higher TF SELLEURUSD EURUSD has made a strong push to the upside and closed well above the 0.9700 key level during NY Session (Sept 28). 1H made a clear break of structure to the upside and has been creating higher highs/lows since. Price is reaching a strong Supply Level on the Daily Timeframe which I expect to see some reaction from. I will wait for Price Action confirmations before jumping into what I believe could be a long term Sell. I am overall Bearish on EURUSD and would like to see the following scenario play out: Price has made a strong push to the upside since trading around 0.9540s. I see this as the Daily Pullback and possible anticipation to a new Impulsive move to the downside. I don't want to get caught into early SELL positions so I will wait to see how price reacts once it reaches my Supply Level at around 0.9850. From here I will like to see a clear price action confirmation and would enter into a SELL as follows: Entry: 0.9850 0.9885 Stops : 15 pips above Targets: 0.9730 0.9600 0.9512 *Again* I want to be very cautious with this SELL as I am aware of the bullish price action on the 4H, and Daily (last 2 candles), I would like to see a 30m and ideally 1H Break of Structure to the Downside to get into this SELL. Note: This is not to be taken as trading advice and/or signals, please do your own analysis and manage your risk responsibly! Best of luck in your trading Let me know your thoughts on where you see EURUSD headed next!
Short
by adapenafigueroa
3