EU
EU- EUR / USD ANALYSIS UPD- 31st-4th- BOLO For PAM Signal/SetupS / S = Signal / Setup
PAM = Price Action Market...
BOLO = "Be On Lookout" "Be On The Lookout"
As Of Right Now I Have Adjusted The Key Weekly Time Frame Chart Market Level... The Bullish Pin Bar Has Protruded Through The Key Support Level To Where It Has Now Pulled Back... Entry Was Taken At The Break Of The Pin Bar's High.
*****Wait For The Market To ACT... Then As A PRICE ACTION MARKET TRADER... You Will REACT...*****
ON ALERT:::::::
As Of Right Now... I Have Adjusted My Key Chart Level And The Result Is Now That... There Is A BULLISH PIN BAR Signal At The Key Support Level... The Trend Is Up On The DTF Chart. The Trade Has Been Initiated...
EU- EUR / USD ANALYSISEUR / USD- EURO Vs. UNITED STATES DOLLAR- Daily Time Frame Chart Analysis + Market Bias/Market Trend + Key Weekly & Daily Time Frame Chart Market Levels ✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬✬
#1. D1-DTFC MARKET TREND
✬- MARKET TREND / MARKET BIAS- THE DAILY TIME FRAME CHART MARKET TREND / MARKET BIAS-✬
MARKET TREND / MARKET BIAS- The Overall Daily Time Frame Chart Market Trend As Of Right Now Is - The Market Is In A Bullish Trend
The Market Has Been In An Uptrend Since The 23rd Of March, 2020
It Has Been Constantly Rising And Making HH- HIGHER-HIGHS & HL- HIGHER-LOWS
1. The Market Began Pushing Higher Up Where It Broke Thorough The Key Daily Time Frame Chart Market Level Of Resistance At 1.19535 Where Price Then Consolidated For About 2 Days... Then Continued The Push Higher Up
2. Price Then Pushed Higher Up Where It Broke Through The Key Daily Time Frame Chart Market Level Of Resistance At 1.20555 Where It Then Pulled Back And Encountered A Key Daily Time Frame Chart Market Support Level At 1.9960...
3. Price Then Pushed Higher Up... Broke Past The Key Daily Time Frame Chart Market Level Of Resistance At 1.20555... Then Pulled Right Back Down To The Key Daily Support Level At 1.9960... Where Price Skyrocketed Immensely
4. As You Can Clearly See There Was A Pullback To The Key Daily Time Frame Chart Level Of Support At 1.20555
5. Price Then Pushed Higher Up Where It Experienced Some Consolidation And Some Interaction With The Key Weekly Time Frame Chart Market Level Of Resistance At 1.22465... Price The Pulled Back... Where It Created A BULLISH PIN BAR... Buy Signal...
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#2. W & D1-TFC KEY MARKET LEVELS
✬- KEY WEEKLY & DAILY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE-✬
Analysis Of The Weekly Time Frame Chart & Analysis Of The Daily Time Frame Chart
The Weekly Time Frame Chart Market Levels of Resistance & the Weekly Time Frame Chart Market Levels of Support- Shown On Chart
The Daily Time Frame Chart Market Levels Of Resistance & the Daily Time Frame Chart Market Levels of Support- Shown on Chart
THE KEY WEEKLY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE ARE:
A Key Weekly Resistance Level At- 1.23516
A Key Weekly Resistance Level At- 1.22465
A Key Weekly Support Level At- 1.17005
THE KEY DAILY TIME FRAME CHART MARKET LEVELS OF SUPPORT AND RESISTANCE ARE:
A Key Daily Support Level At- 1.20555
A Key Daily Support Level At- 1.19960
A Key Daily Support Level At- 1.19535
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#3- PA MARKET TRADING SIGNALS / SETUPS
As Of Right Now I Am Only Looking For PRICE ACTION MARKET TRADING SIGNALS / SETUPS That May Form / Develop At / From That Key Weekly Time Frame Chart Market Level Of Resistance
✬✬✬✬✬BE ON THE LOOKOUT FOR THE FORMATION / CREATION OF PRICE ACTION MARKET TRADING SIGNALS / SETUPS THAT MAY FORM AT Or FROM THAT KEY DAILY TIME FRAME CHART MARKET LEVEL OF SUPPORT✬✬✬✬✬
✬✬✬✬✬AS THE WEEK PROGRESSES THE MARKET IS SUBJECTED TO CHANGE THROUGH PRICE ACTION MARKET MOVEMENTS...SO BE ON THE LOOKOUT AND STAY ALERT✬✬✬✬✬
✬✬✬✬✬As For That Bullish Pin Bar PRICE ACTION MARKET TRADING SIGNAL... I Will Wait To See What Price Does. I Am A Little Skeptical About Entering Into The Market And Taking A Long Position... Considering The Placement Of That Bullish Pin Bar... I Will Sit On My Hands And Wait For Another Confirmation / Factor Of Confluence Before Entering Into The Market✬✬✬✬✬
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EURUSD (EU) 3 COMPONENTS TO WATCH OANDA:EURUSD
3 key components to watch on EU on the 6 hr.
1. bounce off support.
2. into consolidation
3. exit for possible continuation on trend. ?
IF EU can break above 1.2250 we could get a nice push into 1.23 range.
EURUSD SHORTTL has been broken, the retest of the TL is the 38.2% retrace and retest of small KL...
potential big RR, but take partials along the way.
EURUSD shortEURUSD is looking bearish. price gave us a double top and now it rejected the 4h level. it made a lower high and its looking to complete its way down to my target
10-14 May EUR/USD buy ideaPrice got higher high on Friday and jumped over the wave 5 of last impulse move. So I would like to buy on correction between 0.236 and 0.382 Fib Retracement or around 1.21250. And targets is 1.222 as February high and medium resistance level. And monthly target is 1.23 as Jan '21 high. Seems like wave 1, so wave 2 will slightly dump the price to .618-.382 of Fib Retracement and then we'll get a great 3rd wave. This all supported by bunch of news for USD this week and forecast for them are not good at all. GL & HF
DXYCan the greenback make a push for new highs... we will find out, Bitcoin and crypto being devalued very fast, makes me believe the dollar has the chance to gain good ground this week, and as such we can expect the majors pairs to potentially make a move lower.
EURUSD H4 EURSUD H4
Overall the trend is up. There might be a correction to the downside at the beginning of the week or might not be. I guess the price will go to the instit. candle and reverse down to grab some liquidity before trend continuation.
EURUSD 05/10 - 05/14So last week we saw that push down to start the week as anticipated; however, EU ended up rallying to take out the highs which I wasn't anticipating.
Now we're still looking for that same down move, but we'll likely see a rally into the 1.22000 levels to start the week, then we'll get that move down.
Wait for you sell signals and take em! No longs for me on this pair at all
EURUSD jump up sooner...i expect more correction for EURUSD but due to the bad employment rate usd push hardly down and EU beak its higher high and stay above it so we expect contineuation to fibo levels of -0.618(1.24260).
EURUSD H1 Overall on the H4 we have a bullish market structure. The price is approaching the flip zone and as u can see creating a falling wedge pattern and the MS on H1 is down. Wanna see a break of MS on H1 after which we can go long on the pullback.
EU Crystal BallMy POV based on FX Option 10 AM NY Cut Expiries with FOMC making the turning point this Wednesday. Let's roll the Magic Ball!
Tight range perhaps a little south and then a good swing north,
Happy Tarding!
EURUSD Potential Short We can see that OI start to slow down, when price came to POC of the global movement.
That signals us that we can expect at least retrace, or change of momentum.
I will start to gather short positions from levels mentioned on chart!
UERUSD breakout the bearish trendline EU break the trend line,now i waiting for retest then i looking for long positions to the target 1.21950 at minus .618 fibo ratio.
bullish bias on EUPrice is in a bullish daily channel .also it is above EMA 200 so it is bullish .In daily time frame we can see that 1.2000 support the price and push it up.
So i have a bullish bias on EURUSD first tp can be 1.2250 the next one is 1.2350 and if price breaks this level then can reach to 1.25000.
pay attention to news of this week .
EURUSD H4 EURUSD WEEKLY OUTLOOK.
As u can see from the chart, the price is respecting 20EMA, and the trend line is formed. A couple of days the price was in consolidation and ready to explode up.
Stay tuned. Very soon we will provide more detailed outlook and valid trading setup.
EURUSD - Bearish correctionThe 1.20 psychological level is highlighted here as a significant area of support turned resistance, and although EU has been uptrending through April so far, price again appears unable to recapture the level.
I expect another push down from the zone in line with the daily descending trendline. 1.186 appears to be an appropriate first target area, let's see how this plays out!
EU ShortLoving the look of this set up. 2 Failed attempts to break the high from an ascending channel.
If we get a clean break of the most recent low we could be in for a quick break and retest or will be looking for a 2 channel flag pattern to get involved
Bullish EU...Not 100% ready to long for the long-term. I believe Dollar is about to give another little dart up. Expect the unexpected!
Here are a few reasons why.
Monthly Quadratics - shows another little move up (White line) - So we assume overall long momentum.
The weekly DXY chart stochastic shows an overbought situation - Suggesting another push up for EU. So again Bullish momentum.
So why do we think, an unexpected move is due?
Take a look at the daily move coming for DXY. Most Retail sentiments show earlier entrants on long EU positions. And that is overly obvious!!!
The Basket of currency tools also show Euro is not as strong as one would assume. This can be shown in the stochastic view on the monthly chart for EU.
Let's see what COT data suggests later on today.
Sat on the fence until further confirmation.
Have a great weekend.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
