EURUSD Intra-Day Setup June 16 '23Multi-timeframe Analysis
This intra-day move is guided by 3M, M, W, and Daily structures analysis.
Daily Outlook (D)
6/15/23
Daily structure has broken to the upside to support the Weekly Timeframe's narrative in forming a right shoulder to the key weekly areas identified (Weekly Supply and imbalance)
Expectation:
Continue the uptrend until it reaches weekly key areas identified and when price does, we are to expect a break of D/H4 structures to the downside.
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Weekly Outlook (W)
6/15/23
Still making higher highs and lower highs
Last week of May just made the last higher low @ Weekly fib 78.6 level
Expectation:
IF
Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext)
If not:
Price reactions from levels below:
1) 0.0865
H&S Weekly line and does a downtrend from there
2) Weekly IMB and OB with BOS down.
INVALIDATION POINT: 1.1092
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Monthly Outlook (M)
6/15/23:
BIG REACTION from Monthly Fib 618 level that it ENGULFED last month's candle to the downside
Expectation:
Bear trend commencement with supporting price action coming from the weekly and daily structures.
If not, we continue to be bulls until weekly structure supports an uptrend above Key price indicated in the weekly timeframe.
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Yearly Outlook (3M+)
6/15/23:
Still in a clear downtrend making LL's and LH's HOWEVER,
***Q4 of '22 engulfed Q3. This may be the last HL in decades.
***Price seems to respect 1.1050/1150 3M key zone. This area is also a mitigation of the 3M+ structural imbalance created in '01
3M+ Expectation:
Due to price action and candle formations, 0.9536 may be the last Higher Low to be made and the next 10 years will be an uptrend.
If not, the Monthly and weekly will be trending down in key areas identified until 0.9536 is breached and once that is done, it will trend down further.
Next target below (if price goes down) 0.8773
If not:
Price will breach 1.1091 and could further potentially breach until 1.1200 - 1.2300
Eurusdintraday
EURUSD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
//EURUSD Final 4 Sessions of the Week, Avg RR 5.11:1, +7.33R //
Hello All, This ^^ is my Technical breakdown of Eurusd on the 3m Chart
I detail the Final 4 Trading Sessions of the Week and how I earned
+7.33R.
During this time period we had 2 USD Red Folder News Releases.
I review our last release of the week, USD CPI and How I used it
to get the price I wanted and earn +2R (2 Times my Risk)
If you have read this Far , I appreciate it.
We have quite a bit of news during the next week. Jan 31-Feb 4
Cheers to a good trading week and Safe Trading
EURUSD - Update - How To Play It For Intra DayI already secured about 15 pips from GBPUSD, probably not trading for the rest of the day. We need more from price.
My opinion:
As tempting as it may be to start looking for some long momentum to creep into EURUSD (which is happening right now)
The daily has given us no reason to go long, don't be that trader who thinks an H1 candle can reverse a daily trend.
The daily candles have still given us no reason at all to look long.
For that reason, I believe we are working within a range today, I "think" EURUSD should still be respecting yesterday's high.
I think we'll get at least one more swing low on the H1, but I'm going to wait today out and see how price behaves.
I'd recommend waiting for today's close. You'll be happy you did.
Maybe I'm just writing my thoughts down on this post but hey, this is what I'm thinking, it helps keep me centered.
Don't chase price.
Bias: Still looking for shorts until Daily or H4 tells me other
Look for a short in the purple zone. I'm done for the day.
Let's Elevate,
-Gio
EURUSD might finally reverseI know it has been a long and painful wait for the EURUSD buyers. However, things are about to change very soon.
It's very likely that EURUSD will reverse now.
The bottom of the channel is only 30-40 pips away now and if it goes there, I will put my final buy at that point.
Once EURUSD reverses, we are likely to see 1.1150 again in the next 3-4 weeks.
EUR/USD Sell limit()Rompimiento de linea de tendencia alcista y re sesteo
() en confluencia con zona de resistencia (zona roja) 1.3345
Es probable que los vendedores reaccionen a esta zona como vemos en la gráfica de 1h en donde vamos completa reacción de los vendedores cuando el precio llego a la zona 1.13238
() possible doble techo con cruce de Emmas a la baja.
() podemos ver que esta zona de precio fue respetada la semana del 25 de marzo 2019, donde atrapo liquides para después moverse hacia la baja.
Mi stop loss esta a varios pies arriba de esa zona de liquides del 25 de marzo.
Risk: 10 pips (2) twin trade - I am risking 2% per tarde
TP1: 16.1 pips
TP2: 29.2 pips
EURUSD intradayPotencial Bearish Butterfly for EURUSD - ?
And a possible rebound from the upper border of the channel (red line).
I will go into a short deal EURUSD on the rebound and D-leg will be complete!
Potential targets on the chart.
Alternative scenario on the chart. Stop - above 1,15150
High risk trade!
I will comment on the idea, as events unfold.
Thank you for your attention.