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EURO-USD

My vision on EURO/USD - still SHORTOn my previous analyse (Jan 15th) the price was testing an important support zone which broke as expected reaching my first target (1.2078). At the beginning of December, the 1.2078 area got tested a few times but without success and the market continued up. Now, we might have a re-test and the same market behavior. Personally, I continue to expect a bearish move and a breakout of 1.2078 area, my next target will be 1.950. If you have a different view, please share, I would love to hear your analysis.
Short
by Dana16
EURUSD: Important Decision Ahead! Scenarios for Next Week: EURUSD is facing a major point of confluence. 1.206 - 1.209 is the area based on a support line of a rising channel and December's local daily horizontal support. With a quite strong bearish momentum this week, we must consider two potential scenarios: Bearish - in case of a daily breakout of the underlined confluence zone, the market can fall even to lower structure levels. 1.195 is the next closest strong horizontal support to consider as the goal for sellers. Bullish - we must remember that technically EURUSD is still trading in a bullish trend . In case if the confluence area is respected and we see clear reversal clues, we may expect a bullish reaction. The next closest resistance will be 1.22 For now, I am still bullish biased and on the side of the major trend. But who knows! Please, support this idea with like and comment! Thank you!
Long
by VasilyTrader
10
ridethepig | Rate Differentials Pausing via Italian Politics 📌 ridethepig | Rate Differentials Pausing via Italian Politics An important chart update here as we are talking "differentials" in the abstract concept of waves and TA. We must first take notes of the previous leg which was the 1st wave and far from easy to spot, in the early game of rate differential turns, it takes a lot of energy to exploit one side the whole business involves activity. Think of the complicated setup, above the orderblock as a breakout, and remember we are playing a whitespace game! On the other hand, operations on the FX board are quite simple and natural to follow. There have been some signs of a temp high cooking in EURUSD and with Italian politics entering back under the spotlight it will likely be used as a blockader. Remember ECB may, when the occasion demands it, possibly send forward false flags to clear the ground of infiltration above 1.25. A pullback in rate differentials towards 1.25 will be enough to clear the board and by the apparently primitive sequence an ABC pullback should materialise. The pullback should cap the highs in EURUSD for now until the summer to gather energy before we can launch decisively higher. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:US10YShort
by ridethepig
3
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.
Long
by FTUKcom
4
EURUSD ABCD Sell Daily Hello All, it has been quite sometime since I posted, in part to my employer putting a proxy block on TradingView. I'm not a full time trader yet as I am still working on my Risk Management skills. But as far as strategy my harmonic stance is pretty evident from my previous posts. Anyway, I have been saying "BUY" the Euro since June or July of 2020 even though my technicals have been saying sell, but the COT has been saying buy. Now we are seeing something every interesting happening on the COT. Back in June or July we had a massive 20,000 order sell by the Commercials, which opens a lot of liquidity in the market even on the most traded pair in the world. COT traders know to fade the Commercials as they open trades expecting to lose them, so they can hedge their profits. Either way taking it slow, trading wise, after the holidays is a wise idea, as the markets were dry (as always around the holidays). The Open Interest was around 24XX orders and the majority were Large Speculators attempting to drive prices higher. Now, on the chart we have a simple ABCD pattern. The ABCD Pattern is the very essence of Buy Low and Sell High which is what Scott Carney says in one of his books. So, the ABCD pattern completes in a resistance area that has not been touched since March of 2018. Which happens to be the 1.24XXX area. PA is now entering the Resistance area, so on the lower time frames I would expect to see some crazy charts. I believe PA will complete the ABCD pattern and then we could see some drop in price. I would only expect to book a .382 profit before PA heads to the upside again. I think the move down will be profit taking and not a true shift in direction.
Short
by ARegularGuy
EURUSD - Sell is now valid 😎💥🎯EURUSD - the last buy closed in profit - is it now time for a drop? Seeing a little bit of dd, but still ok to enter if you were wanting too. Our algo thinks so, it's identified a sell position with all of the confluences now met. This is easy right? No lines, no S&R - no analysis, all I have to do is follow it. The major plus point is I can see it works with all the data within the strategy tester. This helps me and our traders have confidence and belief in our execution. When do we close this? We close on a reverse signal - but you can do as you wish. I don't recommend jumping on random trades you see on TV - that's no plan and you won't have a consistent clear edge. BUT, if you want to - knock yourself out. Multiple targets are on the chart too and they're based on ATR. The entry price, SL and multiple TPs are shown on the chart. _____________________________________________________________________________________________________________________________________________ What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Intrigued? I bet, have a look at the related ideas or drop me a DM for more info.
Short
by pow_removetheguesswork
2