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EURUSD Short Position Build-Up*THIS IS ADDITION TO OUR MAIN IDEA* -Have a look on it in Related Ideas!- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Technical Analysis- We stuck in Range Market since April 1st. - Lower Zone was formed by GAP which we had at 20th April 2017 ! -Upper Zone was formed by Local Supply/Demand Zone formed since 12th November 2019 As far as we know in most cases price will not break this Range Market from a first try! Usually it will FALSE-BREAK-OUT it in order to gather more liquidity and ability to add more positions. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Custom Indicators- EgoMist ATR - Price went above Monthly Upper Zone which means by statistic it will retrace with a chance of 80%! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Conclusion- We Still believe in Bearish Bias in the Market. That's why we keep add more SHORT positions with better price. That's how we build our Positional Trading. As soon as price will go in good profit, we will hedge position with intra-day trades.
Short
by UnknownUnicorn7501807
EURUSD Interesting AreaRecent rally from EURUSD has now placed it in an interesting area after breaking out from symmetrical triangle. It is at the upper trendline of a long term downward channel that has been respected 3+ times. Could this be a zone of a potential long term short swing trade or getting ready to break the trend? COT data on the chart is Leveraged accounts which shows a 62% short bias. Longer term COT (Asset) shows 318,462 long vs 105,510 short which is 75% long. Maybe a short term short followed by long term trend reversal? Let me know your thoughts in the comments.
by JBCapitalFX
3
EURUSD hits resistanceEurusd hits multiple resistance - Broken monthly uptrend channel resistance. Broken yearly bottom value (R3, now resistance) Monthly max value (R3 reversal level, after that euro will be viewed overpriced). Now Euro is max expensive in monthly terms. There will be very big few buyers willing to pay so much. Daily Kumo cloud resistance (price inside Kumo cloud resistance zone). Price below monthly Kijun and in downtrend on monthly. Price is likely to reverse from here. For educational purposes only.
Short
by ICFX
2
EURUSD - Short ( full description) Welcome to The EgoMist Financial Experts! -EURUSD- Short- -Fundamentals- Due to political situation and virus boom it became very hard to analyze the USA and Europe Market! In one hand we have fact that USA doesn't want strong USD since they will lack from Exports. In other hand EU doesn't have stable economy in some countries, i don't want to point at Italy , but it's a fact! Some countries in that Union pulls EURO down. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Technical Analysis- We stuck in triangle caused by: 1- Major Bullish Trend Line with more than 4 hits already 2- Local Bearish Trend Line has been FALSE-BROKEN which points at BEARISH power! -That's why we set our SELL LIMIT orders: 1- Short-Area #1 - at the Local Bearish Trend Line 2- Short-Area #2 - at the Monthly Range With Logical Take Profits at Supply-Demand Zone and Local Liquidity Points! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -Indicators- EgoMist Divergence: 1- Points for Sellers Power - RSI hardly go above 50 levels zone and we have lot's of Bearish divergences 2- At the Fake Break-Out we will see a good divergence ( Price Structure already points at it and formed best conditions) EgoMist ATR 1- Above the Price we have Monthly and Weekly Zone which represent strong resistance 2- Our next Weekly Zone will be lower than previous one! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Conclusion: 1- We have already opened few short with small lots since current Risk is High and Stop Loss is Huge 2- We set a 2 SELL LIMIT orders above with amazing RR 3- We will HEDGE our trade with some scalp LONGs if price set a prober pre-break-out structure --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Don't Forget to Subscribe, Like and Commend Thank you!
Short
by UnknownUnicorn7501807
2
EURUSD TRADING PLAN, MULTIFRAME ANALYSIS.Daily chart, We have a great deal in the last week, now more than 100pips that we have and close to takeprofit 1.085. If we have hold this deal, we're going to have a take profit 2 in 1.078. EURUSD still sideways in a range 1.078-1.10 so when it break out the range i will have a another analysis for this pair. Now we will hold the deal that ordered last week and waiting to profit. H4 chart, After can't not go through daily's resistance 1.10 EU has sidewayed in H4's resistance 1.085-1.09. If it downs through we will have a takeprofit 2 as soon, if not, maybe it will retest the resistance 1.10 again. I will have another analysis if it reaches two resistances. Sell limit: 1.10 Stoploss: 1.105 Takeprofit1: 1.085 Takeprofit: 1.078 Price action and Trendline Thanks for watching and don't foget to give me some comment and your opinion.
Short
by CuongTran1996
Broadening formations - heightened disagreementBroadening formations are generally bearish for most long-term investors and trend traders since they are characterized by rising volatility without a clear move in a single direction ---- www.investopedia.com Broadening formations occur when a market is experiencing heightened disagreement among investors over the appropriate price of a security over a short period of time. Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits. This creates a series of higher interim peaks in price and lower interim lows. When connecting these highs and lows, the trend lines form a widening pattern that looks like a megaphone or reverse symmetrical triangle. The price may reflect the random disagreement between investors, or it may reflect a more fundamental factor. For example, many countries experience broadening formations due to heightened political risk ahead of an upcoming election. Different polling results or candidate policies may cause a market to become very bullish at some points and very bearish at other points. Broadening formations may also occur during earnings season when companies may report differing quarterly financial results that can cause bouts of optimism or pessimism. These formations are relatively rare during normal market conditions over the long-term, since most markets tend to trend in one direction or another over time. For example, the S&P 500 has consistently moved higher over the long-term, therefore the formations are more common at times when market participants have begun to process a series of unsettling news topics. Topics such as geopolitical conflict or a change of direction in Fed policy, or especially a combination of the two, are likely to coincide with such formations. Broadening formations ARE GENERALLY BEARISH for most long-term investors and trend traders since they are characterized by rising volatility without a clear move in a single direction.
Short
by ICFX
1
How to identify global trendHello Traders! To find out if price is in bullish or bearish global trend a half year ACD should be applied. Only half yearly Initial Balance can do this. Conditions: If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET If weekly price stays primarily ABOVE HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and upper A-PIOVOT = BULL MARKET If price moves into the opposite zone and manages to stay (!) there for a few weeks (time factor, spike is not enough) then a trend change is on the way in the next half year. As you can see EURUSD´s macro trend is BEARISH and we already broke half yearly A-PIVOT. Fisher describes Opening Range ( IB ) as FULCRUM. It holds the market. Without it things collapse. And as you see Half Yearly A-PIVOT breakouts are MASSIVE! One can not detect those by applying yearly opening ranges. Also here, you can often observe similar loop post-breakout patterns as with yearly A breakouts. I hope this technique will save you from many loosing trades! God bless! GOOD LUCK!
Education
by ICFX
EUR/USD: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that EUR/USD is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez