EURUSD-2
EURUSD: FORWARDTESTING Supply and DemandThis trade is for my own personal record. Idea obtained from forexmentor:
www.forexmentoronline.com
Theory is that after 4-10 days, when price revisits a a loosing retail trader's position, they would be inclinded to close the trade. creating some liquidity for institutions. Just going to monitor the white area and see what happens.
EW Analysis: Bullish Emerging Markets May Push EURUSD HigherHello traders!
Today we will talk about emerging markets(EEM) and EURUSD.
As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks.
Emerging markets can be trading in a three-wave (A)-(B)-(C) recovery up to 61,8% Fibonacci retracement and 46 area, especially after that break out of the corrective channel, so in our opinion EEM may easily stay in the bullish trend.
At the same time we can see strong and impulsive recovery on EURUSD, which is telling us that the temporary bottom can be in place and a bigger three-wave (A)-(B)-(C) correction can be underway up to 1.15 - 1.18 area, mainly because of break out of the wedge pattern (ending diagonal).
Notice that these are daily charts and they may take some time to completely unfold, so don't get confused on the smaller time frame charts. We just want to give you an idea, where the markets can be headed long/mid-term.
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EURUSD shortCurrently price is consolidating my zone and in the one hour price has formed a double top.
How I will be entering:
-Upon the next successful bearish candle I will enter on the close
DXY, GBPUSD, EURUSD, GOLD LONG TERM OUTLOOKHi Guys
Thanks to everyone who recently followed me on here
This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias
EURUSD longEURUSD seems to setting up for a long move in the next few days.
- Price has been in a nice uptrend since 2nd october, and is just retesting the previous higher high.
- Price is also using the 50ema in the 1 hour as a dynamic support.
How I will enter:
I will be waiting for price to push a little bit lower and form wicked candles.
USDCAD is also approaching one of my resistance zones, if rejected price could potentially fall back down to the 1.32 - 1.18 region which will confirm this trade.
ONE WAY TO USE AN RSI INDICATOR IN YOUR TRADING...EURUSDIn this video update, we take a look at the RSI indicator and how you can implement the study into
your own trading.
Indicators are lagging to price action and should always be used in conjunction with other confluences.
We take a look at a moving average bounce strategy with the RSI in an overbought or oversold condition to filter
out better trading opportunities.
PREDICION FRIDAY - EURUSD wedge breakoutTraders,
First REMEMBER: These predictions are just for the fun. And are not actually trade's i look to take. It is for building my discretion into the markets and note things to keep improving my trading. ENJOY! :)
Daily:
The daily price is very bearish and putting in some desceleration candle's. This usually means the bulls are getting out of their positions which means selling pressure. The price is near the descending trendline which is pretty respected during the previous outside returns. This is also a nice indication. The price also touched the 50% retracement. The 50% retracement is not a fibonacci number but it is very respected in the markets.
The 20 EMA Is also touched with an Doji signal.
240:
The price is creating a nice wedge pattern. The 50% retracement is hit with a rejection candle with a big wick on the upside of the candle which means sellers where active after the bulls where pushing the price up!
The 100 EMA seems is also respected.
Potential entry:
It could be an entry after the wedge pattern is broken to the downside.
Potential targets:
Targets i would've looked to set into the next previous support. (The red line, scroll to the left to see the support)
Potential stoploss:
Stoploss i would've look to set 1 ATR (240 chart) above the high of this potential retracement. This because than i put my SL above all these levels i used for my intial analysis.
EURUSD...HOW TO SPOT CHANGES IN TRENDIn this video update, we take a look at EURUSD and the current downtrend.
We break down how you can use trendlines to look for trend continuation trades
and changes in trend.
EURUSD - ex. of WICKOFF ACCUMULATION for DISTRIBUTION 4/10/2019HELLO TRADERS!
EXAMPLE HOW SMARTMONEY ACCUMULATE TO DISTRIBUTE MORE.. AS U CAN NOTICE WICKOFF ACCUMULATION SCHEMATIC WAS IN THIS PLAY..
ALL LIQUIDITY AS ABOVE SO BELOW WAS PICKED UP BY SMART MONEY ON WAY DOWN, NOW SINCE WE START OCTOBER, AND DXY HAS DROPPED, THEY PUSHING PRICE HIGHER TO ACCUMULATE TO DISTRIBUTE MORE...
CHECK OUT LAST EURUSD MARKUPS WITH SM CONCEPTS ATTACHED BELOW... THERE IS STILL A GAP FROM 2017 WHICH WE EXPECTING TO BE FILLED IN NEAR FUTURE..
GOD BLESS U ALL!
20191001 10pm Dollar falls with lower Fed Rate ProbabilityThe dollar peaked and broke down on October 1, 2019 10pm as Fed Fund Futures indicate a jump in probability from 39% to 62%. This was a good signal to go long EUR and buy the pullbacks on an hourly timeframe.
Probabilities of a 150-175 Target Rate on October 30, 2019
09/30/2019 0 0.395517
10/01/2019 0 0.62
10/02/2019 0 0.769655
10/03/2019 0 0.887241
Source: CME FedWatch Tool www.cmegroup.com
EURUSD - 4H BullishDears,
Please, follow our instructions as mention in the chart.
thanks and good luck
EURUSD Potential 5th Wave Short on 5min timeframeAfter a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott Wave Oscillator which came close to breaking the rules and if indeed the oscillator breaks the 140% line then the trade is invalid. We also have our Special False Breakout Stochastic which helps identify strong trends in either direction. The when the wave 4 pulls back against that trend and crosses in the opposing over bought/sold zone then the probability it wants to return to strong trend is high.
Watch the video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<<
EURUSD, DOWN DONE!I use Alligator as a dynamic Support/Resistance.
I use trendline to confirm the medium term of trend.
and its work! :)
when the price running below the Alligator, i will hunting the point to make a Sell transaction, i will open Sell when the price make a new Lower Low.
and its done, price go down :)
Happy Trading All :)
Three Percent Trades: Educational PostThis is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move.
We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move.
If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money.
Following this will help protect your hard earned capital and allow you to let your winners run.
EW Analysis: OIL + EURUSD + BTCUSD In Positive Correlation?!Hello traders!
Today we will talk about correlations in different markets!
Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect what market is doing and considering Elliott Wave bullish setups, then we can expect a bullish continuation for the next few weeks soon!
As you can see, Crude oil has clear five waves up and three waves of correction back to very important 50%-61,8% Fibonacci retracement, which means that it's already formed a bullish setup and it may easily continue higher in the upcoming sessions!
EURUSD is still forming the final wave (c) of a correction that can retest 50%-61,8% Fibonacci retracement and 1.1000 support level at the beginning of the next week, from where we can expect to follow Crude oil within an uptrend!
And looking at BTCUSD, just like EURUSD, it can be ready for a decline into wave (c) to a complete a three-wave corrective setback, where 50%-61,% Fibonacci retracement and 10000 level can be tested before an uptrend resumes together with Crude oil and EURUSD.
That being said, there are no tick by tick correlations, but from our experience, they always somehow get caught in the end.
However, there's nothing confirmed yet, but if Crude oil stays above wave (c), and if in the meantime EURUSD and BTCUSD bounced from projected support levels in an impulsive manner, then we can easily confirm a bullish continuation!
Be humble and trade smart!!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
A little about my trade-10 (Trend change rule of the day)I continue to talk about my trading principles.
