Eurusdlong
UPDATE SWING TRADE SETUP EURUSDThe two major news events have come and gone and the long setup on EU is not only still valid but we have gotten confirmation with a bullish choch
I'm looking for price to react bullish on the lower timeframe from the fair value gap or the 2H OB. This is to get the best possible entry with a relatively smaller SL.
There is always a chance that the setup won't work out however in my opinion this has a small chance of failing.
Main target is the daily high and a longer term target is December's high unless price action changes bearish.
Hope this analysis helps and remember to always follow your rules and keep good risk management
Setup #003 - EURUSD - LongWaiting for entry trigger. Must come between 10am-12pm ET today.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish bat pattern
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering London close zone
✅ Break of structure confirmed
✅ Required risk:reward met
EUR/USD Trade Setup | 30-Minute Chart AnalysisI'm sharing my latest trade setup on EUR/USD using the 30-minute timeframe. This setup is based on a potential bullish corrective wave before a larger bearish continuation.
Key Highlights:
🔹 Entry Zone: Price is bouncing from a key support area (green zone), suggesting a potential upside move.
🔹 Target: The projected move (Wave B) aims towards the 1.04650–1.04750 region.
🔹 Stop-Loss: Placed below the support zone around 1.04105 to manage risk effectively.
🔹 Risk-to-Reward: A well-balanced setup with a favorable RR ratio.
🔹 Confirmation: Watching for bullish momentum to validate the trade idea before further execution.
Let me know your thoughts! 🚀📈 #Forex #EURUSD #TradingView
SWING TRADE SETUP ON EURUSD We had a nice move to the upside yesterday following a shift on the 1H timeframe, Hope some of you were able to catch the move to the upside.
If not there is another setup that I am looking at. This is a swing setup and if played out I expect for TP to be hit within the week.
The main thing to keep in mind is that we have interest rate decisions for both the FED and ECB.
Depending on how the numbers come out this setup will stay valid or EURUSD will break below the invalidation point and continue it's move to the down side. Good risk management is key with these news events.
EURUSD at Key Support: Bullish Continuation Ahead?OANDA:EURUSD is trading within a well-defined ascending channel, indicating a bullish trend. The price has recently pulled back into a demand zone, which has previously acted as strong support. This confluence of support and the lower boundary of the channel suggests the potential for a bullish continuation.
If the price confirms a rejection from this zone, I anticipate an upward move toward the 1.05200 level, which aligns with the previous resistance level. However, a breakdown below the demand zone and channel support would invalidate this setup and signal possible bearish pressure.
This setup aligns with the idea of trend continuation within an ascending channel. Let me know your thoughts or if you have any alternative perspectives!
BUY EURUSD H4 | FOREX BEEHey Traders,
This EUR/USD H4 chart suggests a bullish scenario, with price action breaking key levels and retesting them for continuation. Here's the technical analysis:
### Observations:
1. Trend Analysis:
- The price has broken above the descending trendline, signaling a shift from a bearish to a bullish bias.
- The breakout has been followed by a successful retest within the green zone, confirming it as a support level.
2. Key Levels:
- Support: The green zone around 1.0480-1.0500 has acted as a strong support after the breakout.
- Resistance: The chart highlights a target near the 0.5 Fibonacci level at 1.0694.
3. Retest Zone:
- The blue highlighted area indicates a retest of the broken trendline and horizontal support. This confluence area strengthens the bullish case.
4. Fibonacci Levels:
- The 0.236 Fibonacci level (~1.0424) was successfully held, suggesting that the retracement is over and the upward momentum may resume.
5. Potential Movement**:
- The price is expected to continue its bullish movement, as indicated by the blue arrows, with a primary target around 1.0694.
---
### My Thoughts:
This chart looks bullish, with a strong base formed around 1.0480-1.0500. Watching for further confirmation through price action, such as higher highs and higher lows, would be wise. However, a break below the retest area could invalidate this setup and shift the bias.
EURUSD Analysis: Bull IncomingHello everyone, starting this sunday with a EURUSD Long Analysis:
As we can see, we have recently entered a bullish trend and I believe we are really close to a great entry.
As seen on the chart, the bottom trendline and what was this months highest resistance (now hopefully a support) are really close to be reached. and if the EURUSD keeps following the same trend as it has for now, we should have a solid trade.
I expect price to reach 1.05559 where my TP will also be set.
I have set the SL at 1.03969 which leaves room for the trade to breathe in case of high volatility during Mondays NY Session, which leaves us with a 3.02 Risk/Reward.
Happy trading! Let me know your thoughts on this.
EURUSD: Trade Plan - 26/Jan/2025Hi Traders,
In the bigger picture EU has already completed the potential correction and is ready to push up.
We are going to track the behavior in smaller timeframes in order to get the better entry along with confirmation (the same has been shared separately).
Now without going into depth, looing at EU, it loos it n make a new low before final push up or can go up without breaking the recent low in LTFs. All in all the bias is up.
Pre-FOMC Week - Bullish run on the EUR/USD & GBP/USD....Like last week's video analysis, I'm currently holding long positions on the EUR/USD and GBP/USD. I'm expecting strong movements in the coming week due to FOMC and Interest Rate Policy.
The ETF SOXL, has been running well although Friday dumped pretty hard but long positions remain solid. I'll remain diligent in observing the price action this week and hopefully book a good 90% profit so far for the 1st Quarter of 2025.
EUR/USD:
•1.0265
•1.0416
•Target: 1.06000
GBP/USD:
•1.2209
•Target: 1.2600 or 1.2700
ETF SOXL:
•$29.01
•Target: $36 or $40
Good Luck. Trade Safe.