Euro-dollar
🔥HAPPY NEW YEAR TRADERS🔥
HAPPY NEW YEAR TRADERS!
This year in trading was not an easy one for sure.
The market has clearly changed and we are still in a way
Adjusting to new ways of how the market moves and reacts.
However, the key levels work wonders as always
And I daresay they always will,
Because they are based on the Laws of the supply and demand
And also on the markets financial architecture itself
So until that changes we will keep making money on the market
And this year good money was made too!
My Friends, I wish you all the Happiest New Year
And let all your dreams come true this year!
John Wicks SuitWe have been in this Horizontal Triangle forever!
It is taking more time to break than John Wicks suit.
Don't be an amateur and jump in too early.
Wait for the break and retest.
Be smart like Albert Einstein .
E = MC2 (Entry = Master Control x2)
Control, the gift that keeps on giving.
Avoid early entries like James Bond avoids the bad guys.
Resist the urge and the Aston Martin will be yours!
Direction?
What direction? Trade the chart.
Resist!
Patience!
Win!
EUR-USD Mid-Term Analysis! Sell!
Hello,Traders!
EUR-USD is trading in a downtrend
And as you can see, there is a strong
Falling trend-line that was respected multiple times
So I think that even if we see some bullish correction
Amids the lack of liquidity during the holiday season
After the retest of the falling trend-line
I would be expecting a move down
To retest the horizontal support below
Sell!
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EURUSD elliot waves and Correlation with BitcoinAccording to Elliot count of the euro against USD look like we are not supported and about to start an impulsive wave to Up I don't know how much Elliot makes sense here but on the other hand correlation for bitcoin tells us that the bitcoin rally didn't end yet.
EURUSD - Roads to the mastering of positional play(an affinity between 'C' legs and 'impulsive' swings.... patience pays)
1. Counter the false conception that every single break lower has to produce an immediate effect; waiting plays and methodical moves are totally justified.
2. Recognise the idea of prevention in this breakdown as being a key reversal in play! With this in mind, the struggle for sellers to keep buyers from breaking up, and in doing so preventing any sense or organisational defence to your position is just asking for trouble. Technically we are at a very important point, a lot of air above till 1.19 and 1.21.
3. Have tremendous respect for wave strategy, avoid any premature moves, when the timing is right, begin to flank your opponent and play to operate under the watchword of centralisation.
4. Aim for a total swing, if you are not in from 1.161/1.162, 1.168x, still a great deal of mobility in the risk to reward at these levels. The barrier at 1.15 on the one side, with very little till 1.21 to the other.
5. Get used to inflation becoming the restraint of ECB; do not let Lagarde lip service approach intoxicate your decision making.
6. What is important here to remember, play is an attack, not defence, but only momentum!
For those who were following the earlier stages in this leg, we are trading a very similar setup to:
EUR-USD Local Short! Sell!
Hello,Traders!
EUR-USD is trading in range
Between the horizontal support and resistance
And now the pair is retesting a resistance level
I am bearish mid-term because the pair is in the downtrend
So I think the price will fall and retest the support
Sell!
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Euro / Dollar Ready For Launch Hi traders
Euro / Dollar has been on watch list from last week and the market has given us more confluence factors to support our upside bias and I anticipate this move will come this week. I am not completely satisfied on the exit on this trade so will trail a tight stop loss once we get to target 1 to lock in those profits.
Let me know in the comments below what you think of this analysis and if this is something your adding to your watch list for the week ahead.
Have a wonderful week as always and remember the difference between a profitable and non-profitable trader is risk management!
Take care,
The Fx Chartist
EURUSD Hit Resistance at 1.14, to Retest Support at 1.118Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. The Forex Cross EURUSD hit some resistance around the 1.14 level and is attempting to retest the 1.118 level. The overall trend is down, breaking lower from its short term moving average (MA). EURUSD continues to be below is medium and long term MAs. A negation of this move will be observed if EURUSD rallies above 1.131.
The longer term view concurs with the short term. EURUSD is trending lower, unable to break above 1.14.
Technical Indicators
EURUSD is in a downtrend. Currently the FX Cross is trending below its short (50-MA), medium (100-MA) and long (200-MA) fractal MAs. Negative crossovers occurred a couple months ago. The RSI is below the 50 level and the KST is in a sell mode.
Recommendation
The recommendation will be to go short at market, with a stop loss at 1.131 and a target of 1.118. This produces a risk/reward ratio of 1.33
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to EURUSD.
Euro - USDDollar turning point closing in?1 bar = 1 week
The Euro broke out of a descending resistance line from 2008 in July 2020 and it now seems to be back testing it.
As time goes by, there is still some space left for a bit lower levels, but if the Euro will not go too deep anymore and stays above the line, this could very well be a turning point since 2008.
About half November occurred the lowest RSI on the weekly since 2015. Compared to the RSI lows of 2017 and 2020, the Euro price level was significantly higher 2 or 3 weeks ago and this could be a sign of hidden bullish divergences in development.
It might need some time, but in my view, there most certainly is a potential evolvement on this chart…
EUR-USD Will Go Down! Sell!
Hello,Traders!
EUR-USD is retesting a horizontal resistance
And as the pair is trading in a downtred
We are bearish bised on EUR-USD
So I am expecting a pullback
And a move down from the resistance
To retest the support below
But the target is a bit higher to be safe
Sell!
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Today’s Notable Sentiment ShiftsEUR – The euro surged on Tuesday as traders cut their short positions on the single currency after Moderna’s CEO said COVID-19 vaccines were unlikely to be as effective against the Omicron variant as they have been with other types.
Societe Generale notes that “this is Round 2 of Omicron jitters evident in the unwinding of short euro/long stock positions. There is an element of short euro covering as well and the unwinding of US rate hike bets is also undermining the dollar.”
CAD – The Canadian dollar weakened on Tuesday as fears that the Omicron coronavirus variant could impede global economic recovery, offsetting domestic data, which showed stronger than expected growth in Q3 at 5.4% for the quarter.
EURUSD: Two Resistance to Watch Next Week 🇪🇺🇺🇸
Hey traders,
As I earlier predicted, EURUSD nicely bounced from a key weekly support level.
Even though that Friday was quite bullish for the pair, you must remember that
the trend still remains strongly bearish.
To catch a trend-following move, here are two resistance for you to watch next week:
Resistance 1 is based on a trend line that the price started to respect since June.
Serving as a strong support for a very long time it has been broken recently.
Now it turned into a resistance and from that, I will look for a confirmation to sell.
Resistance 2 is based on a trend line matching the lower highs on a 3 days chart.
Three times in a row we saw a strong selloff from that.
Wait for its test and look for a confirmation to sell.
If you are looking for buying opportunities and you missed a pullback from the underlined blue support
I would suggest staying away from trading the pair for now due to a strong dominance of sellers.
❤️Please, support this idea with like and comment!❤️
EUR-USD Long From Support! Buy!
Hello,Traders!
EUR-USD keeps falling down
And I think everyone is waiting for the reversal
THe 1.1168 level seems to be a potential catalyst level
For the reversal and bullish correction
So we are waiting for the pair to retest the level
And then we will be looking for reversal signs
To enter a long
Buy!
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