EUR/USD Buys from 1.09400 back upEU's market structure is currently very similar to other setups I'm watching. After a bearish run over the past week, I expect price to slow down as it approaches the key 7-hour demand zone I’ve marked out. Once price sweeps the liquidity at the equal highs (EQHs), I’ll be watching for accumulation on the lower time frames (LTF) before a potential mitigation of the 7-hour demand zone.
If price doesn’t reach this demand and instead pushes up to mitigate a supply zone like the 15-hour or 5-hour above, I’ll shift my focus to selling in line with the bearish trend. For now, I’m waiting to see how the market behaves at the open to decide on the next move.
Confluences for EU Buys:
- The 7-hour demand zone has triggered a CHOCH to the upside.
- There are major imbalances and liquidity above that need to be filled.
- For price to retrace to the supply zone, it will need to move upward.
- The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a dollar drop and support bullish momentum for EU.
Note: If price breaks through the demand zone, it will also break more significant structure to the downside, confirming a long-term bearish outlook for EU.
Eubuy
EUR/USD Sell to Buy idea from 1.10200This week's analysis for EUR/USD (EU) is quite interesting, as there is significant liquidity on both sides of the market. My plan is to wait for a liquidity sweep before considering trade entries. Ideally, I would like to see the price reach my 17-hour demand zone to continue the upward trend.
If the price doesn’t immediately reach that point of interest (POI), I’ll look for a short-term sell opportunity from the 4-hour supply zone, but only if I get the right confirmation. While there are equal highs and Asia session highs above the supply zone, I’ll be cautious and look for additional confluences.
Key confluences for EU buys:
- Significant liquidity to the upside, including equal highs and Asia session highs.
- A 17-hour demand zone that caused a break of structure to the upside.
- This is a pro-trend idea, with buys looking more favourable.
- The DXY (Dollar Index) is bearish, further supporting the bullish outlook for EU.
P.S. If the price breaks structure to the upside, I’ll look for a new demand zone to buy from. There’s a lot of liquidity built up above the current price that the market may target.
EURUSD Analysis (10th May 2024)
Market Analysis PT2/2 (9th May 2024)
EURUSD Analysis
On the 4 hour Timeframe, price is approaching a structural high created on the 7th of May. During london, I will be actively looking for price to sweep the structural high before a short term down trend into the Bullish 4 hour FVG.
Once price does tap into the 4 hour FVG, I will be looking for a 15 minute CHOCH to the upside to continue the overall bullish sentiment on the EURUSD.
EU HAS MORE UPSIDE LEFT? (Longs from 1.09000)My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend.
During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities.
My confluences for EU Buys are as follows:
- Price has been moving bullish recently reinforcing this idea with recent break of structure.
- DXY has been moving very bearish recently supporting this idea.
- Clean 10hr demand zone left that has caused BOS, expect it to continue the trend.
- Daily imbalance above that needs to get filled.
- Lots of liquidity to the upside like equal highs and trend lines.
P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur.
Have a great trading week and watch out for this Tuesday's & Thursday's news events!
EUR/USD Longs from 1.08200 or 1.07800 back upMy idea for EU at the moment is for it to push higher in order to take out the trendline liquidity that sits above. I expect price to do a similar move to GU in which I expect a bit more upside left to validate this newly marked out 4 hourly demand. Then I anticipate a pullback within this demand to take out liquidity above and tap into the 12hr supply zone that I have marked out above.
From there I will be expecting bullish pressure to die down and form a wyckoff distribution. Once I see my edge appear on the lower time frame I will execute sells back down to continue the overall trend.
Confluences for Buys are as follows:
- Price has left lots of liquidity to the upside that needs to be taken I.e. like trend lines.
- Supply zone above that needs to be mitigated so still more upside left.
- A 4-hour demand zone has emerged, from which we could witness a bullish response.
- price has changed character and broke structure to the upside before as well.
P.S. This is only a temporary trend notion until a new supply zone materialises for me to consider selling price back down. However, selling opportunities don't appear optimal due to the significant liquidity around the current price.
Have a great trading week! NFP on Friday I advise to preserve capital and stay away that day.
EUR/USD BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
EUR/USD: Day-Swintrade-Preparation
Market-Buy: 1,09275
Stop-Loss: 1,08590
Target 1: 1,09920
Target 2: 1,10500
Target 3: 1,11455
Stop-Loss: 68,5 pips
Risk: 1-2%
Risk-Reward: 3,17
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
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. :-)
EUR/USD: Day-Swingtrade-Opportunity #LONGHey tradomaniacs,
welcome to another free signal!
Important: Potential S/H/S is still a concern but overall the market reacts with an accumulation of volume at a support of high bullish confluence.
ECB interes-rate-decision and conference will tell us what happens. :-)
-----------------------------
Type: Swingtrade
EUR/USD: Day-Swingtrade-Execution
Market Buy: 1,10870
Stop-Loss: 1,10455
Target 1: 1,11390
Target 2: 1,11670
Target 3: 1,11970
Stop-Loss: 41.5 pips
Risk: 1-2%
Risk-Reward: 2,87
-----------------------------
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. :-)