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Eurusd4hr

EURUSD Longs from 1.09600 up towards 1.11000My forecast for this week aligns with my plan for GU as anticipated, with some minor adjustments. The concepts remain consistent, but the positioning is extended due to the trend line liquidity near the current price. I expect this liquidity and the Asian low to be taken out, leading price down towards the 5hr demand zone. Upon the formation of a Wyckoff accumulation pattern, I plan to initiate buy positions, targeting a move back up towards the 10hr supply zone located at the psychological level of 1.11000. This pair is currently favourable for me, exhibiting ideal price structure and aligning with a pro-trend perspective. Confluences for EURUSD Buys are as follows: - Unmitigated 5hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that EURUSD is expected to rise. - Trend line on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. While I anticipate an initial drop to mitigate the demand, I acknowledge the possibility of remaining upside. This could lead price to react off the 10hr supply, subsequently eliminating the trendline liquidity below. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx
EUR/USD moving in upward channel.Currently, EUR/USD is trading at 1.1860. The pair is trading in upward resistance and support channel and about to touch its support level. The price is moving towards its support level at 1.1806 and it can rebound back after touchning support level. If the price rebounds from support level most likely it will touch the resistance level at 1.1997. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
2
Elliott wave analysis for the EURUSD: 4hr tf analysisMy previous post for the EURUSD which called for a sell off can be found here: EURUSD based on FXCM’s data (chart used in this analysis) finished the sell off close to the second target area of ~1.20582 mentioned in the post last week. Price action from ~1.23793 on April 19,2018 to a close of 1.20715 on April 27,2018 is identified in this analysis as double zigzag Elliott wave structure that also has possibly terminated a Minor wave degree. The implication of the above is that the EURUSD should resume a bullish trend and move back up as an impulse wave or a 3 wave correction. Either scenario points towards a bull move for the EURUSD, and therefore only long trades (buy) should be placed as it is safer to trade in the direction of the trend. It also better to wait for perhaps a 50% to 61.8% retracement of the current move from ~ 1.20715 to 1.21263 before initiating a long position. The retracement represents a wave (ii) position (correction) and therefore further improves the chances of the EURUSD resuming an uptrend. The point of invalidation (POI) for this analysis is a price close below the low of 1.20555 made on April 27, 2018. A bullish move in the EURUSD should target the region that was used in the previous post and is also marked on the chart in this analysis.
Long
by Coin_Analyst
EURUSD 4hr tf descending triangleThe meandering price action of the EURUSD is captured in this analysis in a descending triangle. This chart pattern is ideally bearish. A close above ~1.24900 is marked as the point of invalidation (POI) for the bearish implications of the 4hr EURUSD descending triangle. A breakout below ~1.22398 means that the EURUSD could possibly decline to ~ 1.19298 which is marked as the target area. Target was derived by using a vertical projection of the width of the pattern (i.e. ~ 1.25498 - 1.22398 = 0.031) and subtracting it from the breakout point (~1.22398).
by Coin_Analyst
EURUSD 4HR FOOD FOR THOUGHT...There is no question that fundamentals control the market. I am interested in knowing my peers opinion on what they feel they would need to see fundamentally in this market climate to see this 4HR Gartley complete. In my most drawn out opinion, (pun initiated and intended), coming off of BREXIT the decision and the details of that being drawn out I only see downside technically for the EUR, ultimately strengthening the dollar further relative to that aspect. But fundamentally Britain in the eurozone was a united front. A stand of solidarity so to speak and that alone proves politics under such extreme circumstance can control fundamentals. So with the details being worked out, If BREXIT turns out to mean no unauthorized person shall enter Britain, then the hoopla was for nil and movement in the currency market may return to pre BREXIT ebb and flow. With that bit of context Brexit is not a immediate factor in this current short term climate. Naturally PPI, GDP, CPI, Jobs Reports, Real Estate Market numbers, Monetary policy meeting minutes, to name a few all are under close watch, globally, leading into the next Monetary policy meeting run. SO putting the market climate into perspective the technical being a Gartley pattern completion around the 1.0945-1.0938 zone, one would believe the fundamentals shall not lead the market astray into the abyss of unpredictable madness. Anyway drop a comment, leave a like, share, subscribe. Be aware Traders :)
by WealthGod6
Forex Market Analysis and Trading Tips - 28th June 2016 - EURUSDI know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome! SUMMARY: The EURUSD pair bounced slightly during the course of the day on Wednesday, using the 1.1030 level as support. At this point in time, the market is looking bearish. The primary trend of EURUSD is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1190 and support at the level of 1.1030. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it. Thanks for your continued support, www.tradingsignalreviews.com
Short
by TheBanker