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Eurusdlong

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.
Long
by trading_jupiter
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):
Long
by HyperAlphaPro
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
Long
by Trade-U-Metta
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
Long
by The_Archi-tect
2
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.)
Long
by fortunamarkets
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.
Long
by fxtraderanthony
EURUSD - Trade analysis !!Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from liquidity zone. Fundamental news: Upcoming week on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURUSD READY TO RISE OR SHOULD WE VISIT LOWER AREAS?In previous analyzes we took the various shorts made in recent weeks and with the last missed pending operation I mentioned that from then on I would focus only on buy operations, so here I am! We are testing the latest support right now, maybe creating a double bottom? if so it could be a good starting point for a long. At the same time I see a TVC:DXY that is still very strong, which despite the negative news is continuing to rise, but the rate cut could get closer and before that it could visit the highs at 106.40 which would bring the euro to the 1.6000 zone which I think is excellent to buy. So I leave you with two setups: the first is riskier on a structure that has yet to be completed, while the second is slightly safer. Be careful, happy trading everyone.
Long
by jamesbond70
EURUSD BUY | Idea Trading AnalysisEURUSD is moving under the descending channel 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
5
EURO-STEP-UPEconomic calendar as of 11/07/2024 ( GMT +2:00 Budapest) (LEFT to RIGHT ) Actual(?) Forecast Previous 14:30 USD Continuing Jobless Claims 1,860K 1,858K 14:30 USD Core CPI (MoM) (Jun) 0.2% 0.2% 14:30 USD Core CPI (YoY) (Jun) 3.4% 3.4% 14:30 USD CPI (MoM) (Jun) 0.1% 0.0% 14:30 USD CPI (YoY) (Jun) 3.1% 3.3% 14:30 USD Initial Jobless Claims 236K 238K The above mentioned data will determine the next move in EURUSD and CADEUR ( Correleting pair so choose one to trade. EURUSD for those whos likes to have a long position, CADEUR FOR SHORTERS.) The TWO most important data is Core CPI (MoM) (Jun) - From Februar 12, 2024 we can see that slowly the elevated interest rate enviroment transioning into the real economy thus FED slowly will change the tone about the future interest rate, at this point zou already should have a buyng position, since violent moves wont allowe you to participate at fair price.
Long
by ElGatoTrade