EURUSD - SWING ANALYSIS EURUSD - Follow the levels for upcoming week, based on trend lines and downside break down it is expected to go down from the current price.
My approach will be a sell here at current price 1.20150
Maintain stop loss around 1.21200
Potential downside target 1.19300 - 1.19000
Trade as per your risk appetite, I will be glad to see your likes & comment.
Do write in the comment section if you want analysis on any other asset. Share with your friends - Thanks !!
EURO-USD
EUR/USD: IDEAHere is our analysis on the EUR/USD
The pair has broken above 1.20 resistance and is now trading at 1.20400
At the moment everything is still bullish
The pair is still within its ascending channel
But the pair is currently trading at a minor support/resistance indicated on the chart
We expect the pair to retrace back to 1.20 before continuing its uptrend
Or ignore the retracement and continue to trade till 1.20800 which will be the next resistance level
to test.
If the pair breaks below 1.20 we would expect it to touch support @ 1.19500
link to previous analysis below
EUR/USD LONG 19TH APRILDaily - Currently broken structure at the beginning of April with an Inverse H&S now shifting the market into a Bull Market looking to create an LH.
4H - Had a nice Bull run on Monday 13th which started to move into a consolidation going into Wednesday 14th which has lasted until Friday 16th.
1H - Fibs placed on the 1H TF at the bullish order block but we could see a 3rd touch wick down to the 1.19500 level to grab the stop/limit liquidity resting below the equal lows before proceeding on the Bull run.
15M - Looking to enter on 15M which is currently on a short term downtrend reaching for Bullish Order Block (ICT)
ALONG WITH THE HEAVY NEWS NEXT WEEK FOR THE EURO & POUND
ENTRY - 1.19640
STOP - 1.19440 21 PIPS
TP - 1.20900 125 PIPS
EUR/USD LONG?? 19TH APRILDaily - Currently broken structure at the beginning of April with an Inverse H&S now shifting the market into a Bull Market looking to create an LH.
4H - Had a nice Bull run on Monday 13th which started to move into a consolidation going into Wednesday 14th which has lasted until Friday 16th.
1H - Fibs placed on the 1H TF at the bullish order block but we could see a 3rd touch wick down to the 1.19500 level to grab the stop/limit liquidity resting below the equal lows before proceeding on the Bull run.
15M - Looking to enter on 15M which is currently on a short term downtrend reaching for Bullish Order Block (ICT)
ALONG WITH THE HEAVY NEWS NEXT WEEK FOR THE EURO & POUND
ENTRY - 1.19640
STOP - 1.19440 21 PIPS
TP - 1.20900 125 PIPS
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!
EUR/USD: BEARISH PULLBACK ON FIBO 61.8 % - SHORT TRADE SETUP 🔔Welcome back Traders, Investors, and Community!
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Strategy : BEARISH PULLBACK ON FIBO 61.8 %
Good trading at everyone!
EUR - BEARISHThe outlook for EUR remains tied to the EU's ability to overcome its coronavirus pandemic. At present, the outlook appears bleak, with many European countries entering third waves. Additionally, vaccinations remain frustratingly slow, a result of ongoing supply constraints and rising anti-vaccine attitudes.
Amongst European countries of concern are its flagship, Germany, alongside France and Italy. Other notable countries of concern are Hungary, Poland and Sweden.
For EUR's fundamental outlook to improve, it will need to overcome its ongoing vaccination frustrations and see a significant increase in the total number of citizens vaccinated. At the time of writing, just 15.07% of EU citizens have received at least one
dose.
Euro Head & Shoulders Almost at Target!Hey Traders in my last lesson I had mentioned a few weeks ago that the Euro could be forming a market top. Well as we can see I called the forecast correct which is a great feeling when it happens. It is also frustrating when it does not happen. But it seems the Dollar keeps getting stronger and I believe soon the Euro may reach it's profit target. I would continue to short any currency pair against the dollar right now. So keep shorting EUR/USD, AUD/USD, GBP/USD etc....
So lets dive in today and see how it all works.
Trade Well,
Clifford
EURUSD Sell - M15 Timeframe, lets have it. ✌🙌Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
EURUSD - In Sells, tight one - lets see. Are you selling? 📉💥Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
How To Lose Money With CONFUSION (timeframe mixing) The issue for many new traders is understanding the correlation between timeframes. We often get caught up in indicators, news hype, chat room posts, and various other things.
One of the biggest challenges I see when talking to new traders is simply the lack of "experience" in reading multiple timeframes. This causes confusion and even self-doubt. The issue with the internet being so vast is there is a lot of info - but what do you go with & why?
In this post I have tried to "dumb it down" - the simple idea is to pick your timeframes based on your trading style.
Now if work gets in the way and you need to trade end of day or even swing (Longer-term) then really, you shouldn't stress so much about a 15 minute candle. A lot can happen throughout the day. But on the opposite side of the spectrum, if you are sat in front of your screen every minute the market is open. (scalping) then trying to work out what the monthly is doing whilst you hold a trade for an hour is not going to affect your trade (in general).
To give you a great example of this - I trade COT data as it's swing, with Monthly and weekly bias. I will have a mentee say something like "COT is a buy, but the price has dropped". Yes if you're looking at the 4-hour candle. If you think what institutional players can manage in terms of drawdown, especially using hedging techniques. It's far greater than the guy investing £5k of savings into Bitcoin.
If a hedge fund buys Bitcoin at 45k and the price drops to 22.5k - the likelihood is they have a hedged position & will be buying it all back at fair value. Whereas Mr £5k has lost some sleep & half of his capital - bailed, only to see the price shoot back up above his original entry.
You think of someone like Elon Musk - if his entry of a Billion Dollars was at 40k (example) and price drops to 20k, he has a paper loss of 500m for sure, it will hurt. But again if the Tesla share price drops from 800 to 700, he has a paper loss of (say 20 Billion) - a 500m loss on paper is less of a concern. *** You get the picture.
Investors & traders know that things don't just moon! they have dips, impulsive moves and so on.
So take the charts into account - You have an idea of what timeframes to pick based on your own personal availability or your style you have already identified. As a scalper it's easy to use 4 hour or even a 1 hour candle for your bias - a 15minute for a local area of interest & an entry on a 1m - 5m chart. (example only).
If you trade swing trades (depending on the overall time & expectations) a weekly bias, a daily interest and a 4hour trigger could be what you look for.
Here are some examples;
In these examples - all I have done is used 1 tool. This is only to show the idea - If stochastic is up then I want to be Bullish, if down I'll consider Bearish moves. Keep in mind this could be anything from above/below a moving average, a key price level or a magnitude of other things. Even other tools like RSI for example.
Example of step down
The idea is this gives you a directional bias.
Then we look at the area of interest.
And finally - we want to look down on the next timeframe for the trigger (entry)
Traders can easily get confused with one timeframe saying one thing and the next timeframe up or down saying something else. If you can treat it like a tick sheet, you can step down with confidence and work on a strategy favouring your directional bias & that's in confluence with the time period & your expectations.
This really is an oversimplified breakdown. Just to give a general idea.
Have a great week!
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.
EURUSD: Two Points to SELL From:
Friday's structure breakout is a very important bearish clue.
I am very bearish biased on EURUSD at the moment and look for shorting opportunities.
Next week consider two areas:
Resistance around 1.196 based on the previous low
Resistance around 1.202 based on a local daily structure
I will look for a retest of these areas and look for shorting opportunities from them.
I will wait for the intraday confirmation before I open the order.
Please, like this post and I will show the confirmation that I am looking for in my next idea on EURUSD .
EURUSD: Two Points to SELL From:
Friday's structure breakout is a very important bearish clue .
I am very bearish biased on EURUSD at the moment and look for shorting opportunities.
Next week consider two areas:
Resistance around 1.196 based on the previous low
Resistance around 1.202 based on a local daily structure
I will look for a retest of these areas and look for shorting opportunities from them.
I will wait for the intraday confirmation before I open the order.
Please, like this post and I will show the confirmation that I am looking for in my next idea on EURUSD.