EURUSD LongLong with Cluster Zone as target.
Position split to 2. First order market. 2 orders below the range that had formed in the morning, at a low of 1.0825.
2 Build an order with a limit in the market or gradually over several partial positions. Below the low are several old value zones that should provide support. There are also some important dates on the calendar today that could give the EUR a boost up.
There could be a downward spike that you can use to get better prices.
On weekly and monthly charts the EUR is gaining strength. So my bias is Long
Eurusdlong
EURUSD Analysis (July 22-July 27)🌐Fundamental analysis:
EUR/USD fell slightly below 1.09. ECB kept interest rates unchanged as expected and left open a decision on interest rates in September. The US Dollar (USD) regained upward momentum on Thursday, bringing the USD Index (DXY) back above 104 .00, thanks to a significant recovery in US bond yields.
In his press conference, the ECB president expected the recovery to be supported by consumption, emphasizing the resilience of the labor market. Domestic inflation remains high and wages are growing at a high rate. Besides, investors are still debating whether the Fed will make one or two interest rate cuts this year.
Meanwhile, the prospect of an economic recovery in the Eurozone and signs of cooling in key US economic indicators could ease the ongoing divergence in monetary policy between Fed and ECB, sometimes supporting the EUR/USD pair in the near future.
🕯Technical analysis:
Expect EUR/USD to face the next upside resistance at 1.096, followed by the January high of 1.110. On the upside, if the bears regain control, the pair could target the 1.0820 EMA support zone before sliding to the June low of 1.0666. Looking at the big picture, it seems like the growth momentum will continue if the price line remains above the two EMA lines.
There are two break out levels to form a very important trend of the pair at 1.096-1.082.
Support: 1,083-1,068
Resistance: 1,096-1,110
SELL EURUSD zone 1.110-1.130 Stoploss 1.140
BUY EURUSD zone 1.082-1.080 Stop loss 1.079
7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: H1/M5
1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone.
2: Pattern
🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal.
🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal.
3: Volume
🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure.
4: Momentum RSI
🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift.
5: Volatility Bollinger Bands
🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher.
6: Strength: EUR is strong.
7: Sentiment: All indicators point to buy sentiments.
✔️ Entry Time Frame: M5
✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames
☑️ M5 Trend Line Broke
💡 Decision: Buy
🚀 Entry: 1.08845
✋ Stop Loss: 1.08753
🎯 Take Profit: 1.09232
😊 Risk to Reward Ratio: 4.24 RR
🕛 Expected Duration: 2 Days
Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
EUR/USD Daily Chart - Triangle BreakoutThe EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900.
Target Levels:
1st Resistance – 1.1083
2nd Resistance – 1.1210
Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly.
Thank you
EURUSD - Long idea !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. We have hidden divergence, also price can reject from liquidity zone and on H1 we have regular divergence, so after breaking 1.08940, I will open a long.
Like, comment and subscribe to be in touch with my content!
EURUSD, Huge FALL Ahead ?Hello traders, hope you are doing great.
For upcoming week, I think we'll probably see an uptrend correction in EURUSD and after that we'll probably see a fall to specified Level. so with a proper trigger, we can open a LONG position at First and then ready for a SHORT position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
If this post was helpful to you, please like it and share with your friends.
Thanks.
EURUSD Bullish Reversal Alert-Key Entry & Profit levelsThe EURUSD is currently forming a Bullish Shark Harmonic Pattern (XABCD) on the 4-hrs chart. This pattern is characterized by a specific series of Fibonacci retracements and extensions, signaling potential reversal points in the market.
__________Potential Reversal Zone (PRZ) and Confluence Factors_____
Point D, identified as the Potential Reversal Zone (PRZ), is a critical area where price action is expected to reverse its current trend. This PRZ is notably aligned with several confluence factors, strengthening our bullish bias:
Key Support Area: Point D coincides with a significant support level, suggesting strong buyer interest and potential price reversal.
Bullish RSI Divergence: The Relative Strength Index (RSI) is showing bullish divergence, indicating a potential shift in momentum from bearish to bullish.
78.6% Fibonacci Level: The PRZ is also at the 78.6% Fibonacci retracement level of the previous daily swing points, adding further credibility to the expected bullish reversal.
_______________Trade Setup_______________
Given the above confluence of technical indicators, we anticipate a bullish trend reversal from Point D. The following trade setup is recommended:
Entry Point: 1.07075, at the 50% Fibonacci retracement level.
Stop Loss: Placed below the key support level at 1.06485 to mitigate risk.
____________Take Profit Levels____________
The take profit targets are strategically placed to maximize potential gains while managing risk:
TP-1: 1.07665
TP-2: 1.08255
TP-3: 1.08845
Each take-profit level represents a logical point where price action may encounter resistance, providing opportunities to secure profits incrementally.
Conclusion:
The EURUSD is poised for a potential bullish reversal at the identified PRZ, supported by a convergence of technical indicators. By entering at 1.07075 and placing a stop loss below the support level at 1.06485, we position ourselves to capitalize on the expected upward movement. The outlined take profit levels offer a structured approach to profit-taking, balancing potential gains with prudent risk management.
Recommendations:
Traders are advised to monitor the EURUSD closely for confirmation of the bullish reversal before entering the trade. Adjustments to the trade setup may be necessary based on evolving market conditions and price action behavior.
This is An Example...Of The 3 Step System On EURUSD-This is this video i talk to you about the rocket booster strategy which has 3 steps:
Step#1 -50 Day Moving Average
Step#2 - 200 Day Moving Average
Step # - The Gap Up Trend
Watch this video to learn more.
Disclaimer:Trading is risky you will lose money wether you like it or not please learn risk managment and profit taking strategies.
EURUSD H4: Create long position when the price fallsWeekly: The rising price in the past two weeks has regained its position above MA156. However, since there is still upper resistance from the convergence triangle shape above and the slope of MA156 is still downward, the EURUSD is expected to remain within the range of 1.0840-1.1040 in the next one to two weeks.
Daily: The current price rise has reached the closing price of 1.0904 on June 3. Judging from the growth in trading volume, EURUSD still has the opportunity to continue to rise in the next few trading days. Investors should take advantage of price declines to establish "long positions."
H4: The three moving averages (MA120. MA60. MA18.) are arranged in an upward trend, and a "long position" should be established when the price falls.
H4 Strategy:
Buy Zone (positive) @ 1.0805-1.0870
SL: 20-25, TP: 40-80
Sell Zone @ 1.0985-1.1030
SL: 15-20, TP: 25-50
H1: Same as H4: the three moving averages (MA120. MA72. MA24.) are arranged in an upward trend, and a "long position" should be established when the price falls. But the price will be more positive when entering the "long position" (short-term strategy)
H1 Strategy:
Buy Zone @ 1.0850 -1.0885 (short-term)
SL: 15-20, TP: 25-60
Sell Zone @ 1.0940-1.0970 (short-term)
SL: 10-20, TP: 20-40
Full Time Frame 4K UHD Pic (TradingView):
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
At W1, a 3-wave structure begins, which may indicate a strong potential for upward movement. Globally to levels 1.13820. It is worth noting that on B1 the price is overbought and there has been no correction, that when opening positions, you should expect a corrective movement and increase the volume. Enter the market with a target of 1.13820. Cancellation of the idea when the price is fixed at 1.07980
Target 1.10830 - 1.13820
EURUSD and GBPUSD 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: Bullish Draw Toward Daily Buy Stops!Greetings Traders!
Current Market Analysis:
At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops.
Key Observations:
H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD.
H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target.
H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so.
Trading Strategy:
Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block.
Target Levels:
Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe.
Conclusion:
By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market.
Happy Trading,
The_Architect
EUR/USD bullish view(7/16\2024)EUR/USD finally broke out from the Dynamic resistance trend and is now consolidating above it. The Sentiment around the USD is still bearish.
The price needs some rest and correction to attract more buyers. After some correction, EUR/USD is likely heading to the 1.098-1.10 zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURUSD Technical Analysis and Trade IdeaIn this video, we take a close look at the EURUSD currency pair. Right now, it's in a strong bullish trend. However, it seems a bit overextended, and since it's Monday, I'm being cautious. I'm looking for an entry point if the price drops back into the 50-61.8% Fibonacci zone.
In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies.