EURUSD 1.07813 -0.19% MULTI TF INTRADAY SET-UPHELLO TRADERS
Hope everyone is doing great
📌 A look at The EURUSD At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for EU to close bullish In correlation with GU.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* DXY 4H
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Eurusdbuy
Is a Trend Reversal Coming?OANDA:EURUSD
Multi-Timeframe Analysis
Current Price: 1.07962
Potential for a Bullish Reversal:
EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators:
• Breakout of Descending Channel Upper Trendline
• Weekly Major Support Zone
• Potential Double Bottom Formation
• Emerging Bullish Divergence
Descending Channel Breakout:
The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone.
Weekly Major Support Zone:
We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers.
Top of Trading Range:
Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward.
Price Target:
Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000.
Key Levels to Watch:
• Support: 1.07421
• Resistance: 1.08635
• Target: 1.10000
Stay tuned and happy trading!
Euro at the bottom of the channelOn the daily time frame, EURUSD reached the bottom of its ascending channel and we saw a temporary positive reaction from it. This reaction point, in addition to being the bottom of the ascending channel, was also an important order block in my daily time frame, which caused the price reaction. The medium-term target is the middle line of the channel.
#EURJPY 1HEURJPY 1-Hour Analysis
The EURJPY pair is consolidating within a triangle pattern on the 1-hour chart, indicating a buildup of momentum. A breakout on either side of this pattern could signal the next directional move. Traders should watch for a clear breakout followed by a retest, which would provide a potential entry opportunity in the direction of the breakout.
Technical Outlook:
-Pattern: Triangle
- Forecast: Breakout on either side, with retest confirmation for entry
- Entry Strategy: Wait for breakout and retest
Traders may consider entering after a retest of the breakout level, targeting the next key support or resistance zones based on the breakout direction. To confirm the move, additional indicators like RSI for momentum shifts or volume spikes can be used to validate entry points.
#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.
EURUSD Reversal in Sight: Is a Bounce to 1.095 Next Or 1.05?In my last EURUSD trade post from August, we anticipated a strong sell-off from the 1.12 level (see related post). Price action has unfolded just as expected, with a sharp decline in recent weeks.
So, what’s next? Looking at the charts, a short-term correction toward 1.09500 could be on the horizon. Let’s break down the charts.
Starting with the Monthly charts, we can clearly see that EURUSD has been range-bound for nearly two years, fluctuating between 1.12 and 1.055.
Zooming into the weekly charts, the recent sell-off has driven the price deep into this range, reaching two key support levels: diagonal support and the August low, both highlighted in the image below.
However, we can’t start buying at these levels just yet. The next step is to zoom into the daily charts to check for any signs of momentum shifting.
On the daily charts, the downward move is clearly overextended, and the market is extremely oversold—my first clue that a potential buying opportunity may be approaching.
To confirm this analysis, I’ve zoomed into the 4-hour chart, and here I’m seeing divergence on the MACD, suggesting that sellers may be running out of steam.
My strategy for this setup is to wait for a break of the 4-hour trendline, then watch for the next correction downward. Once that happens, I’ll use my TRFX indicator and enter on the first 4-hour signal.
The target for this trade will be the 1.095 resistance level, as I expect buyers to re-enter here, potentially pushing the market back down to the bottom of the range.
Let me know your thoughts below!
Mon 21st Oct 2024 EUR/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Buy. Enjoy the day all. Cheers. Jim
EUR/USD Pauses After Four-Day Slide as USD Rally EasesThe EUR/USD pair takes a breather on Friday, following a prolonged four-day losing streak, as the US Dollar's (USD) strong rally shows signs of slowing. The Euro attempts to stabilize after a tough week, with the pair hovering slightly higher, supported by a momentary pause in the USD’s upward momentum. Despite this pause, the outlook for the Greenback remains positive, particularly after Thursday’s encouraging US economic data, which continues to reinforce the idea of a resilient American economy.
USD Momentum Eases After Strong Economic Data
The US Dollar has experienced a robust run in recent weeks, driven by a strong economy and expectations of higher interest rates from the Federal Reserve. However, the rally took a pause on Friday, despite the release of better-than-expected US economic data. September’s Retail Sales increased by 0.4%, surpassing market forecasts, while the Initial Jobless Claims for the week ending October 11 came in lower than anticipated at 241,000, compared to an expected 260,000. These figures underscored the strength of the US labor market and consumer spending, further bolstering the Federal Reserve’s stance on maintaining elevated interest rates.
Even though the positive data continues to favor the USD, the currency’s upward trajectory has temporarily slowed, allowing the EUR/USD pair to consolidate after a sharp decline earlier in the week. This pause in the Greenback's rally offers the Euro some relief, though the broader trend remains USD-favorable in the near term.
Technical Outlook: EUR/USD Prepares for a Potential Rebound
From a technical standpoint, the EUR/USD pair is showing early signs of a potential bullish rebound. The pair has bounced from a critical demand area, suggesting that buying interest is emerging at these lower price levels. Furthermore, the Commitment of Traders (COT) report reveals a significant divergence between retail and institutional sentiment. While retail traders remain predominantly bearish, large institutional investors—commonly referred to as "smart money"—have begun to increase their long positions on the Euro. This discrepancy in positioning could signal a reversal in market direction, potentially favoring the Euro in the near term.
Seasonality patterns also support a possible recovery in the EUR/USD, as historical data suggests that the Euro tends to perform well during this period of the year. Taken together, the technical indicators and seasonal trends point toward a possible bullish setup, where traders might look to enter long positions, anticipating further upside movement.
Conclusion: EUR/USD Seeks Stability as USD Rally Temporarily Stalls
The EUR/USD pair has found some much-needed support after several days of losses, as the relentless USD rally slows down following strong US economic data. Despite the positive fundamentals supporting the Greenback, technical indicators hint that the Euro may be on the verge of a recovery. The rebound from key demand levels, coupled with institutional long positioning and supportive seasonality, suggests that the EUR/USD could be setting up for a bullish move. Traders should remain vigilant, as the pair’s next move will depend on evolving market conditions and the upcoming data releases that could further influence the direction of both currencies.
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BUY EURUSD. Not on interest rate holds but Indicator Signals.
EURO zone held their interest rates on hold yesterday despite expectations of a rate cut for the zone.
On the charts and there are 3; weekly, daily, 4hr.
Weekly is a 38.2 fib price retracement to a buy zone and the continuation of higher prices.
Daily chart is a recent bounce from a Buy order block triggering long bets for EURUSD.
The 4HR chart is getting bullish reversal oversold signals on Stochastic's and RSI, which tend to be very reliable on 4HR charts and higher.
EURUSD Bullish trade idea from 1.08071 - 1.07841.EURUSD Bullish trade idea from 1.08071 to 1.07841.
The Price already tested the zone at 1.08137 and pushed back with price rejections and a strong confirmations candle.
As per the DXY (Dollar Index) last fall will also positively affect the price; the proper setup will also have a proper stop loss behind the 1.07816 level because last time market moved a fake breakout of structure in August 24 which also mentioned.
The target level will be 1.10013 to 1.10654.
When taking an entry on the Euro, please place a stop-loss and take 1-2 % risk on your account balance.
EUR/USD BULLISH MOVEMENT H4The price has been kicked back up from daily support and now is back in the channel that it was for the past week. Based on my prediction it will be a bullish Long from now on. Price will reach 1.09930. if it surpasses this area it will continue to move uptrend till it reaches 1.11370. This is M idea, please leave a comment and let me know what you think. Thank you.
EUR-USDThis EUR/USD chart shows a recent decline after reaching a resistance level around 1.12137, forming a double-top pattern that suggests a trend reversal. The price has since dropped sharply and is approaching a significant "Order Blocker" zone between 1.07515 and 1.08022, where institutional buying may occur.
If the price holds in this area, a potential bounce toward the 50% retracement level near 1.1000 could happen, indicating a bullish correction. However, if the price breaks below this zone, further bearish momentum could push it toward the next support at 1.0715.
In summary, the market is currently bearish, but the reaction at the "Order Blocker" will determine whether a reversal or further decline is likely. Traders should monitor this key zone closely.
EURUSD sellPreviously i was totally buy baised but now as i have observed the pair from weekly to daily to 4H to 1H we are seeing a downward 👇 move in the pair also the confluence is 50 SMA which is above the price also we have a support level down there at 1.0884 price level if price breaks below 👇 we will see a heavy downside move in the pair also the confluence is from H4 to H1 we are experiencing a falling wedge pattern which indicates price will soon fall after break below
BULLRUN FOR EURO 2024📣 Hello everyone!
I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025.
TA:
After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure.
Fundamentally:
The Fed will move to lower interest rates in September, we will probably see 2-3 cuts at subsequent FOMC meetings, which will put bearish pressure on the US dollar (DXY) and will be a tailwind for the EURUSD currency pair
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🎯 Intermediate target 1.18$, final target 1.22
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⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
EUR/USD "FIBER" Bank Money Heist Plan on Bullish Side.This is our master plan to Heist EUR/USD "FIBER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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EURUSD BULLISHNESS CONTINUESHello guys i still see bullishness on the euro dollar this is the low of the new monthly candle . i think price is going up higher for the previous years high please view my previous ideas for extra informations.
if we break that Monthly FVG The Idea is Invalidated.
next week we should see a hammer looking like candle and the monthy candle close should look like a hammer if we are going higher otherwise the idea is invalidated.
EUR/USD Buy Opportunity - Short-Term AnalysisMonthly & Weekly Perspective
The EUR/USD is showing a strong buy opportunity, driven by recent macroeconomic developments. The U.S. Federal Reserve recently cut interest rates by 50 basis points, a significant move that weakens the dollar in the short term. Although the U.S. has been one of the more cautious economies, being the last to cut rates, this decision will likely continue to exert downward pressure on the dollar in the weeks to come.
Key Points Supporting the Buy Opportunity:
Interest Rate Cuts: The rate cut will lead to a short-term decline in the dollar's strength, which is bullish for the EUR/USD. As the market adjusts to this new monetary policy, we can expect further weakening of the dollar.
DXY Divergence: A bearish divergence on the U.S. Dollar Index (DXY) is signaling further dollar weakness. This divergence, in tandem with rate cuts, reinforces the potential for EUR/USD appreciation.
Bond Market Signals:
The 10-Year Treasury Note and Bond 10-Year Yield are also showing bearish signals for the dollar. When yields decline, it typically indicates lower demand for the dollar, adding further support to the EUR/USD rally.
Technical Levels:
On the monthly and weekly charts, EUR/USD is approaching a crucial resistance level marked by a previous monthly high (Red Line). There’s a high probability of price seeking liquidity above these highs before initiating a potential reversal to the downside.
Liquidity Targets: Before any sustained sell-off begins, the pair needs to clear monthly liquidity resting above key highs. This will likely create an upward momentum toward the red resistance line, which can serve as a target for buy trades.
Buying Scenario:
Entry Point: The current price action suggests that there are favorable buy opportunities as long as the EUR/USD trades above critical support levels on the weekly and monthly charts. Traders should be cautious around major resistance but can target the highs near the red line before considering a sell-off.
Risk Management: Keep an eye on the U.S. data releases in the coming weeks to monitor if the rate cuts were the right decision. These could impact the dollar and, consequently, the EUR/USD trajectory.