Possible Bullish continuation @ 1D time frameSaw this oppurtinity and decided to jump in last night. Crossed the resistance line and looks like it will continue the bullish trend.
Entered @ 1.12728
Scaling 25% @ around 1.15363
EURO-USD
EURUSD Long aiming at resistanceHi everyone!
The pair is in an interesting stage. We have seen a surge in the last couple of weeks and yesterday it reacted to support. We stay long aiming to that area of resistance between 1.15-1.155 .
We cannot rule out the possibility of forming a Head and Shoulders pattern at around the area we are now. If the pair closes today in the red I will exit it and look for better opportunities.
If you have any questions please leave them in comments.
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Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
EURUSD ShortFormation of a new lower low and lower high are confluences for a possible downtrend.
The price point previously reached this high area back in early March and the price was heavily rejected. A repeat of this pattern is more than likely, as the price has already rejected we can catch the rest of the pips down to the indicated support zones.
RSI and Stochastic's seem to agree, both showing oversold conditions which is further confirmation of a downtrend. 🤞
Enjoy :)
EURUSD: Price Action & Scenario For Next Week
Ice breaks and EURUSD finally started a bearish movement this week.
on Friday the price managed to break below a strong demand area and successfully closed below daily/4H structure.
short term bias is now bearish and next week I will anticipate a bearish continuation to lower structure levels.
HOWEVER,
talking about a 1H t.f perspective, things are bit different:
the price has formed a perfect ABCD pattern formation and it will most likely retrace to 1.1275 resistance based on the projected CD leg,
and boundaries of a falling parallel channel.
then buyers will face a wide resistance cluster and selling rally will most likely continue.
next goal for sellers will be 1.117 support (based on horizontal structure and support of the channel)
good luck!
Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1347). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.1144
TP2= @ 1.1072
TP3= @ 1.1004
TP4= @ 1.0880
TP5= @ 1.0774
SL: Break Above R2
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Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1347). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.1144
TP2= @ 1.1072
TP3= @ 1.1004
TP4= @ 1.0880
TP5= @ 1.0774
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURUSD Update: Price Action & Potential Scenarios Explained
EURUSD top-down analysis and thoughts.
Please, like this video if you find it useful :)
Bear spotted for EurusdAs last week NFP record that usd will be keep strong and it will affects the eurusd. Here is my prediction for next week. Goodluck and happy trade.
EURO ($EURUSD) | Long Euro 💶 into the Central Bank Meeting? 🇪🇺 The fate of the EURUSD may lay in the hands of the European Central Bank (ECB) meeting taking place on June 4th. Although there shouldn't be any major surprises, and the pair has rallied into the event, things could really go either way. Our idea here isn't dependent on forecasting what will unfold at the meeting, rather our play is based on the chart.
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1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is true despite EURUSD being in a major downtrend since 2008.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines).
3. The play here is to buy the S1 range after pullback from R1. Our target is R2, and with our stop just below S1 it gives us a very favorable R:R.
4. Although S2 may provide support if we go lower, there really isn't much to the trade beyond that. We are hoping for bullish continuation into and following the June 4th meeting. If we don't get it, we will reassess.
Good luck EURO bulls!
EURUSD: The STRONGEST Resistance
hey guys,
EURUSD just keeps breaking resistances, one after another.
if you are afraid of this volatility, here is the safest resistance area for you:
1.14 - 1.15 structure zone based on this year's high and key structure of 2019!
we also have a potential harmonic bat formation with a completion point perfectly matching with this zone.
from that zone, we will expect a bearish movement at least to 1.123
good luck!
EURUSD: Key Levels
EURUSD started a strong bullish movement.
Multiple strong resistances are ahead.
Key levels based on 3 days chart analysis:
Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure
Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure
Resistance 3 - 1.15 levels based on a horizontal weekly/3 day/daily structure + it is this year's high
Closest supports are:
Support 1 - 1.0975 level based on a recently broken daily structure
Support 2 - 1.08 level based on a horizontal 3 days/daily structure
pay attention to the lower timeframe once the market reaches one of these levels to catch a pullback or reverse
EURUSD Range AnalysisHello traders,
I am just sharing my thoughts about EUR/USD pair and at this point price can go either way Up or Down.
As it is shown on the price chart we are exactly at the middle of the range where we found a support based on previous candles tops and several bottoms at this particular price level.
I personally am more inclined to think that the price will test one more time the 1.10 price level resistance because of the EU statements about relaunching the economy and countries such as Spain, Italy and Germany which wore the most targeted by the new Corona Virus, now are showing less confirmed cases per day, and another reason for that is because the bullish scenario is the path with the least resistance on the way.
And if it will fail again to breach the 1.10 resistance price level, it will head towards the Lower Support level as shown on the price chart at 1.07764.
Have a great weekend everybody and stay safe !
If this helped you feel free to give a like :)
EU Looking For More Downside - Double Top, Trend BreakDouble top broke valley and retested... rejected with trend break confirmation.
First Targets - 1.088 @ minor support
Second Targets - 1.08 @ major support
EURUSD: Multi Time Frame Analysis & Two Scenarios Explained
morning guys,
EURUSD is consolidating on a strong daily structure and based on a current market sentiment we have two potential trading scenarios.
bullish:
I am still bullish biased and due to a nice convergence of a daily/1H support and a rising trendline I still believe that the price can bounce.
our trigger for long trade will be a double bottom formation on 1h,
the underlined minor horizontal resistance should be broken to the upside.
then buy entry on retest of the broken structure with initial target 1.084 / second target 1.0875
bearish:
however, a lot of news with fundamental statistics today, so the bearish scenario is highly possible as well.
daily candle close below the underlined structure will most likely signify a bearish continuation.
confirmed structure breakout will push the price to 1.069 - current daily lower close with a potential continuation to 1.064 - current low.
what do you think will happen?
EURUSD AnalysisWe can see another test of support in the channel it's ranging in. We are entering this trade with our stop loss below the false breakout week in case price attempts to fill it or we see a stop hunt. From a COT perspective we are continuing to see shorts being taken off and longs being added to the euro.
EUR/GBP Waiting for the Breakout by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price broke the Descending Trendline.
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🔸 It has bounced at the Support Zone.
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🔸 It is moving on a range, which we are waiting to be broken to the upside.
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🔸 Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
The Story of the Euro collapsing to 80 cents. Full Trade Plan.The full story on what triggers the Euro to slowly slip past 1.07, 1.06...and then parity.
This is the most dynamic story no one is talking about.
When German dynamite starts flickin the ECB lighter...it's only a matter of time.
A full sell-off will implode derivative trades that have banked on the Euro ALWAYS being above 1.00.
This has enormous macroeconomic consequences and could ultimately lead to the Eurozone exit talks...
It's a colorful story that any savvy investor should know about.
Cheers
TD breakdownThe same story in different words. Price is likely to retest weekly CPR which just some 13 pips higher or even weekly pivot (some 20 pips higher). But we opened with a gap down on Sunday, so we might as well miss it.
The major points here are TD breakdown and TD projection which rarely fail. I ve been posting this earlier though. Nothing changed.
Weekly Central Pivot Range and May Opening Range act as major resistance zones now, along with descending TD down-trendline. May CPR was stabbed through last week giving us bias short.
For educational purposes only.
Top correlation 4 hrs
1 EURUSD - EURJPY 97.5%
2 EURUSD - EXY 95.9%
3 EURUSD - CHFJPY 95.4%
4 EURUSD - USDCHF -94.0%
5 EURUSD - USDPLN -93.0%
6 EURUSD - EURSGD 91.2%
7 EURUSD - GBPJPY 81.3%
8 EURUSD - EURNOK 80.9%
9 EURUSD - GBPSGD 80.5%
10 EURUSD - JPYX -80.1%
Your VIEW on EURO against USD pair? PROFIT)Stay below 1.08112 will sign of breakdown . We have already taken huge Profit on this pair.
What do you think about now?
please, comment and let me know.
Below chart will show you how much profit we have taken :
