EURUSD Analysis for October 13, 2024In the daily chart, the Fibonacci levels I drew from two different lows have created a confluence. This area is also strengthened by a previous higher high (HH) and has become a demand zone.
The long wick extending downward indicates buyers' reaction to this price level. I expect an upward movement from here. However, before opening a trade, you might want to wait for bullish momentum to form on lower time frames.
Eurusdlong
EUR/USD SEll setup1-Hour Chart Analysis
The 1-hour chart is consolidating within a tight range after the recent sell-off. A breakout from this range could signal the next major move for EUR/USD. The bearish trend is still in play, but a short-term retracement to test the upper range boundary is possible.
Key Observations:
Price is consolidating in a tight range between 1.09350 and 1.09548.
There is potential for a breakout either to the upside (corrective move) or to the downside (continuation of the bearish trend).
The next significant target for sellers could be around 1.08994 (marked as TP1 on the chart).
Trade Opportunity:
Traders can consider shorting the pair if price breaks below the current consolidation range, targeting 1.08994 for a take-profit level. Alternatively, a break above 1.09548 could lead to a quick corrective move, allowing for a short-term long trade.
LOOKING FOWARD FOR THIS M15 SETUP 1.Price already enter a very strong demand zone I think here sellers will find all the buyers they have been looking for (LOL) remember if you are selling 100 iPhones you will need 100 buyers it's that simple.
2. Price have wiped out lot of liquidity, so why will price keep going down to sweep that low in H4 I think there's no need for that therefore from this point we should see the start of a complex pullback to a supply zone in H4.
3. This figure you see here in M15 that will be my confirmation to start buying, Fibonacci is showing our M15 trading range (last high, last low) if this doesn't happen it means is going deeper into our H4 demand zone, that's why I always opt for confirmation in lower time frame before executing any orders.
WILL KEEP YOU GUYS UPDATED!!
EURUSD: Dollar holds steady as Fed minutes emergeThe US dollar remained steady today, providing some respite for the yen and other major currencies after rising to a seven-week high last week. Market participants are taking a moment to assess the future trajectory of US interest rates.
Investors are awaiting the release of the minutes from the Fed’s September meeting today, which will reveal the discussions that led to a 50 basis point rate cut, agreed by all but one policymaker amid a seemingly worsening labour market.
EURUSD longAs my anylisis is very top down this time on EURUSD and i am expecting The pair to fly to its global resistance as on Monthly Time frame i have seen observed a Trenline breakout and Restest over it on weekly Time frame i have observed flat resistance rising price pattern also on H4 i am expecting price reversal on H1 i have seen a falling wedge so am buy
Baised on The pair
Bullish divergence on EUR/USD 4hHello guys,
As you can see on the #EURUSD chart in the 4H time frame, it is consolidating within the liquidity box and has formed an RSI bullish divergence pattern. I’m going to open a trade with an R/R of 6 and a stop loss of 8 pips when break-out happened above the box.
Don’t forget to keep your risk at 1% per trade. That’s a crucial rule that could be the key to your success.
Good luck!
EURUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 BUY | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
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.
Attention for Scalpers : 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 💰.
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 PROBABILITY/BOSIBILITYCurrent Market Overview: The EUR/USD pair is showing consolidation in a key no trade area, with price trading sideways between levels of liquidity and a Fair Value Gap (FVG). Let's dive deeper into the potential price movements based on this market structure.
Key Zones Identified:
Fair Value Gap (FVG):
The FVG on the 15-minute chart is located slightly above the current price. This area typically attracts the price as it represents inefficiency where orders are likely to be filled.
Watch for a potential move upwards to fill this gap before any significant market direction is established.
Liquidity Zone:
A key liquidity zone is marked just above the FVG. Liquidity zones are areas where stop-losses of traders are clustered, creating an opportunity for market makers to push prices in these areas to capture that liquidity.
If the price moves toward this zone, expect a reaction as buyers or sellers attempt to capitalize on this liquidity.
No Trade Area:
The current price is in a no trade area, which suggests that it's a period of indecision and low trading volume. Traders should wait for a breakout before making entries to avoid getting trapped in consolidations.
This zone is bounded by resistance near 1.09800 and support near 1.09400.
Potential Scenarios:
Bullish Scenario:
If the price breaks above the current consolidation zone, we could see the price head towards the liquidity area and fill the Fair Value Gap around the 1.10024 level. Traders might look for buy setups targeting this zone.
Bearish Scenario:
On the other hand, if the price breaks downwards from the current no trade area, there is potential to see a move towards the next support zone around 1.09125. This could provide a selling opportunity for those aiming to short the pair.
Strategy Consideration:
Wait for Confirmation: Since the price is in a no trade area, it is advisable to wait for a breakout either above or below the current range. Entering before a clear trend emerges could expose traders to unnecessary risk.
Watch Key Levels: Traders should closely monitor the FVG and liquidity zones for potential entry points. These levels often act as magnets, drawing the price to them before reversing or continuing the trend.
Conclusion: Currently, EUR/USD is consolidating with key areas of interest just above and below the market price. A breakout from the no trade area will give us a clearer indication of the next major move. As always, ensure you have proper risk management in place and trade with a plan.
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EURO, EURUSD Bullish Week Ahead**BIG BOYS BIAS (CFTC COT INDEX REPORT)
Commercials: Net Buyers
Retail Traders: Net Sellers
Non-Commercials: In-Trend
This suggests that institutional "Big Money" players were positioning for a Bullish week, while retail traders were net Sellers Relative to previous position. In a zero-sum game, this typically signals a potential Bullish move for this week.
**EURO Value Correlation to USD
>We are now in the Oversold region Signaling for a bullish trend week.
Note: Every time we get Oversold Readings (Green Vertical Lines) we always get a Bullish Move
**Election Year Seasonality forecast
>Bullish until early next Week.
Technicals:
>Price already re-tested the Daily Supply Zone last Friday, preparing for a Bullish Week ahead.
>Price could reach to the opposing Supply Zone that initiated the bearish imbalance.
OTHERS:
>Scalpers can ride the bullish trending week
>Long term traders can position for a Sell for next week.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
EUR/USD Buys from 1.09400 back upEU's market structure is currently very similar to other setups I'm watching. After a bearish run over the past week, I expect price to slow down as it approaches the key 7-hour demand zone I’ve marked out. Once price sweeps the liquidity at the equal highs (EQHs), I’ll be watching for accumulation on the lower time frames (LTF) before a potential mitigation of the 7-hour demand zone.
If price doesn’t reach this demand and instead pushes up to mitigate a supply zone like the 15-hour or 5-hour above, I’ll shift my focus to selling in line with the bearish trend. For now, I’m waiting to see how the market behaves at the open to decide on the next move.
Confluences for EU Buys:
- The 7-hour demand zone has triggered a CHOCH to the upside.
- There are major imbalances and liquidity above that need to be filled.
- For price to retrace to the supply zone, it will need to move upward.
- The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a dollar drop and support bullish momentum for EU.
Note: If price breaks through the demand zone, it will also break more significant structure to the downside, confirming a long-term bearish outlook for EU.