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30/10/2024 - EUR/USD - Short Trade Plan30/10/2024 - EUR/USD - Short Trade Plan Trade Details: Entry: 1.08200 (15min Order Block with 4H OB Confluence) Stop Loss: 1.08407 Take Profit 1: Based on 1:1 Risk-Reward Ratio Take Profit 2: 1.07733 Reason for Trade: Short entry is based on a 15-minute Order Block (OB) aligned with a higher timeframe (4H) OB, adding confluence to the setup. Aiming for an initial 1:1 Risk-Reward (RR) on TP1, with TP2 set at a lower target. Disclaimer: This trade plan is for educational purposes only and is not financial advice. Please conduct your own analysis before trading.
Short
by Unknown_Trader007
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
#EURUSD - 30102024Yesterday I was bearish EURUSD and it nicely hit the sell level and sold down 55 pips. However it missed the final price target given before a huge recovery, closing near the highs. After a huge down, EURUSD is consolidating for the next move. IMO, EURUSD should have another move higher. But in what manner? IMO, if EURUSD comes down first, 1.0796 is a level to look for possible lows and a long to target 1.0858. And if 1.0858 trades first, look for possible rejection off the level for a next move lower.
by FadeMeIfYouCan
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744. As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first? Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
23
EUR/USD Selloff CaseGood morning everyone. Going to try to keep this short and sweet. DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987. EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07. Going into this selloff, we were in a bearish symmetrical triangle. Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum. Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under. The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning. Rising 10-year yield is also support the greenback. BOJ is not looking to hike rates this week. Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week. Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut. Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY. Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
TVC:DXY
by Arkad2021
EUR/USD FACING SELLING PRESSURE. $DXY MULTIPLE PIVOTS POINTSGood morning everyone. Going to try to keep this short and sweet. DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987. EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07. Going into this selloff, we were in a bearish symmetrical triangle. Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum. Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under. The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning. Rising 10-year yield is also support the greenback. BOJ is not looking to hike rates this week. Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week. Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut. Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY. Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
Short
by Arkad2021
EURUSD at an important support.EUR/USD is currently positioned at a significant support area on the daily chart, marked by both an uptrend line and horizontal support. Here are some important notes about the pair right now: Long-Term Ascending Channel: The black lines forming an ascending channel on the chart indicate that EUR/USD has been in an uptrend since October 2023. This channel acts as a dynamic range for support and resistance, with the price generally adhering to these lines over time. Horizontal Support on D1: The lower black line of the channel highlights a Double Bottom pattern, suggesting that sellers have struggled to push the price lower. Additionally, this horizontal support aligns with the ascending trend line on the daily chart, which the price recently tested. Given the confluence of these lines (the uptrend and horizontal support), this level is crucial and could influence EUR/USD's direction in the coming days. Resistance and Support Zones: The horizontal green areas represent key resistance and support zones. The main resistance level is near 1.0950, which previously functioned as support but was recently breached during a downward move. The support zone is located at 1.0667, serving as the next target if the price breaks below the current channel support. Recent Candlestick Patterns: On October 24, a bullish engulfing pattern formed, indicating renewed buyer interest after the price touched the support region on the daily chart. This pattern occurs when a bearish candle is fully engulfed by a subsequent bullish candle, suggesting potential buying momentum. Considering these factors, an upward movement may occur if the price holds at the support level, potentially leading to a recovery towards 1.0950. Conversely, a downward movement could ensue if the price breaks through the channel support and trendline, possibly reaching the support area around 1.0670. Attention to NonFarm Payrolls on Friday: Traders interested in the EUR/USD this week should be cautious about the release of the NonFarm Payrolls (NFP) data, which will occur on Friday, November 1st. The NFP is one of the most important economic indicators in the financial market, as it measures the change in the number of jobs in the non-agricultural sector in the US. This data is a reflection of the health of the US economy and directly influences expectations about the Federal Reserve's (Fed) monetary policy. When the NFP is released, it provides insight into the level of economic activity and the strength of the US labor market. If the jobs data beats expectations, it could signal a strong economy, prompting the Fed to consider tightening monetary policy, such as raising interest rates. Higher interest rates tend to boost the dollar, as they attract more investment in higher-yielding US assets. Consequently, a strong NFP could put downward pressure on the EUR/USD, strengthening the dollar against the euro. On the other hand, a below-expected NFP could suggest an economic slowdown, prompting the Fed to adopt a more cautious stance, such as keeping interest rates steady or even cutting them. In this scenario, the dollar could weaken, which would favor a rise in the EUR/USD. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
by Marketscom
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair has recently broken above a key trendline resistance on the 4-hour chart, suggesting a bullish trend reversal. This breakout signals potential upside momentum as buyers gain control, providing an opportunity for long entries. Technical Outlook: - Pattern: Trendline Breakout - Forecast: Bullish (Buy Opportunity) - Entry Level: Post-breakout above the trendline Traders can look for buy positions above the breakout level, targeting the next resistance zones. It’s recommended to confirm this setup with indicators like RSI for overbought/oversold conditions or MACD for bullish crossover to strengthen the buy signal.
Long
by PIPSFIGHTER
King Dollar Reigns Supreme: DXY Strategic Outlook🔸Hello guys, today let's review D1 price chart for DXY. We are trading inside well-defined multi year range, currently closing in on range highs. 🔸Every EURUSD trader need to study this chart and bookmark it in order to time his entries/exits for EURUSD. Dollar still reigns supreme. 🔸Range lows defined at 100.00 , range highs set at 106.75. This is the active trading range for DXY since early 2023 it's well-defined and it's very unlikely that price will exit this range any time soon so traders should focus on trading based on key s/r levels on the DXY price chart. 🔸Key Zones: S 100.25 / 101.25 / 102.75 R 105.25 / 106.50 🔸Currently I'm expecting pullback from overhead resistance 105.25 is the critical level where we can expect pullback in DXY, so that's when you want to also go LONG EURUSD, when DXY maxes out / enters pullback stage of the cycle. 🔸Recommended strategy position traders: when DXY hits resistance at 105.25, BUY/HOLD EURUSD, target is 200/300 pips on BUY side for EURUSD. Once the pullback in DXY is over/complete at 102.70, short EURUSD, final target on sell side for EURUSD is 1.0500. Good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:DXYLong
by ProjectSyndicate
11
#EURUSD 1DAYEURUSD Daily Analysis The EURUSD pair is currently trading within a well-defined falling channel on the daily chart, indicating a bearish sentiment. The pair is approaching the upper boundary of the channel, which acts as a strong resistance level. This setup suggests potential selling opportunities as the price is likely to reverse upon hitting the resistance line. Technical Outlook: -Pattern: Falling Channel -Forecast: Bearish (Sell Opportunity) -Resistance Level: Channel upper boundary Traders can look for sell setups near the channel's resistance zone, targeting lower support levels within the channel. It’s advisable to confirm with additional indicators such as RSI or MACD to validate bearish momentum before entering a sell trade.
Short
by PIPSFIGHTER
EURUSD : Short Term Trading Strategy TodayToday, EURUSD is moving around the 1.081 level with a clear technical setup suggesting potential short-term scenarios. The chart highlights two main zones: Resistance Zone (1.08242): Currently, EURUSD is near a resistance area, as shown in the red box. If the pair tests this level but fails to break above, a pullback is likely, potentially pushing prices lower. Support Zone (1.07822): If the price dips, it may find support near 1.07822 (highlighted in blue). A bounce from this level could signal a recovery, allowing EURUSD to resume its upward trend. However, a break below would signal further downside risks. Today’s key economic data, including U.S. Consumer Confidence and trade data, may impact this movement by influencing the USD’s strength. Traders should keep an eye on these levels as they navigate EURUSD’s short-term trends.
Short
by Pierce_Bowers