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BluetonaFX - EURUSD Inverse Head & Shoulders LONG IdeaHi Traders! EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart. Price Action 📊 Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA. We are looking for a bullish momentum break above the neckline. Fundamental Analysis 📰 ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed. Support 📉 1.05707: 20 EMA Resistance 📈 1.05936: NECKLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
BluetonaFX - EURUSD Descending Triangle SHORT IdeaHi Traders! EURUSD is near its lowest level in three months. There is a descending triangle formation on EURUSD, and there is a possibility of a breakout to the downside. Price Action 📊 The market is in a descending price channel with lower highs and lower lows, creating a descending triangle pattern on the chart. We are looking for a support break and a close below the 1.06352 level. Fundamental Analysis 📰 The market's outlook on USD is very positive due to strong economic data recently released. Out of all major economies, the US economy currently looks to be the strongest, and demand for the US dollar is high. Support 📉 1.06352: THREE-MONTH LOW Resistance 📈 1.06718: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
"EURUSD Set to Rise: Support Holds Strong"#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line (@1.07614-1.08260) 🔥EURUSD BUY ( 1.06900 - 1.06500) 🟢TP1- 1.07200 🟢TP2- 1.07500 🟢TP3- 1.08000 🔴SL- 1.06180
Long
by FKW-Millions
BluetonaFX - EURUSD Double Bottom LONG IdeaHi Traders! EURUSD has reached its 3-month low, and there is likely to be a support bounce from here, which could mean a potential double-bottom chart pattern opportunity for long entries. Price Action 📊 There is a lack of bearish momentum to break the three-month low at 1.06352; therefore, it is very likely there is a lot of bullish demand at this area. Looking for a bounce up from this area to target the trendline resistance area. Fundamental Analysis 📰 The market's outlook on the EUR has been recently positive, with the ECB raising interest rates by 25 basis points to 4.00%. Support 📉 1.06352: 3 MONTH LOW Resistance 📈 1.07807: FIRST RESISTANCE 1.08082: SECOND RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - EURUSD Potential Head & Shoulders OpportunityHi Traders! We have a potential Head and Shoulders opportunity on the EURUSD 1D chart. The price action is telling us that there is a bearish bias due to the market being in a descending price channel with lower highs and lower lows; additionally, the market is also below our 20 EMA. We are looking for a break and a close below the neckline to target 1.08500. As long as we remain below the 20 EMA (we MUST stay below the 20 EMA) and in the descending channel, our bearish view will continue. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD Analysis 7Aug2023At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a positive response from the price in the future. It is likely that the price will fall further than the liquidity area.
by Hokusai_FX
BluetonaFX - EURUSD Potential Trendline Break OpportunityHi Traders! We have a potential trendline break opportunity on the EURUSD 1H chart. The price action is indicating a bearish move due to the lower highs and lower lows. The market is also below our 20-day EMA. The confirmation for entry will be a trendline break and a close below the trendline to target 1.09746. If we get this, we must stay below our 20 EMA; if we break above the 20 EMA, then the bearish bias may change. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
4