7 Dimension Sell Setup For EURUSDCore Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: A completely bearish structure with sweeps and mitigations. The market has taken proper inducement and completed its corrective swing move with multiple pullbacks. Now, after mitigating the external POI, it is once again forming a bearish internal structure from the premier zone. We are ready to go short with a classic smart money entry model.
Resistance: Supply zones already give strong rejections.
2: Pattern
🟢 CHART PATTERNS
Reversal: V-Shape Recovery formed toward the extreme POI, now ready for another rejection.
🟢 CANDLE PATTERNS
Record session count candles are making too much bullish momentum but are unable to break the upper side POI, which seems to be nothing but a trap.
Inside: Narrow Range just started forming a range pattern.
3: Volume
We experienced massive volume during the last few 4H sessions, but they all failed to break the upper side resistance. It seems to be nothing but profit booking or execution volume here.
4: Momentum RSI
🟢 Since a long time, the market has been in a sideways to downtrend zone without any proper range shift. We also observed a powerful bearish divergence at the last rejected high area. No significant move in terms of momentum, indicating everything is in favor of bears. No need to change your mind.
5: Volatility Bollinger Bands
The last volatile move contraction is now about to end with expansion, with a squeeze breakout and walking on the band. It fulfills all the volatile parameters, but at the end, it was not able to break the upside resistance. This indicates nothing but some profit-taking or big player manipulation.
6: Strength ADX
In terms of ADX strength, this trend is in the bearish zone yet.
7: Sentiment
All parameters and geopolitical indicators tell us loudly that EUR is still bearish.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI Mitigated
💡 Decision: Sell
🚀 Entry: 1.09200
✋ Stop loss: 1.09500
🎯 Take profit: 1.06367
😊 Risk to reward Ratio: 10RR
🕛 Expected Duration: 10 days
SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a bearish move.
Eurusdlong
EURUSD, Ready for falling ?Hello Traders, Hope you are doing great.
for upcoming days, we'll probably see a downward correction in EURUSD to Specified dashed lines. and after that we may see another rise so with a proper trigger we can open a short position and after that a long position.
and finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
EURUSD Analysis==>>Signs of a FallEURUSD is moving near the Resistance zone($1.0955-$1.0933) .
According to Elliott's wave theory , EURUSD seems to be completing the Double Three Correction(WXY) .
Also, the Ascending Broadening Wedge Pattern can be a sign of EURUSD reversal.
I expect EURUSD to continue to decline, at least in the Support zone($1.0884-$1.0864) .
This week, the US economic calendar will be very busy releasing inflation Indices that will likely influence the Federal Reserve's monetary policy . We must wait for the prices to react when the indices are published.
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
POTENTIAL TRADE SETUP ON EURUSDPotential Trade Setup on EURUSD
Prior to the spike which was initiated by the July NFP data released. EURUSD seem to be ranging since then, however there is an opportunity for trade setup moving forward..
The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EUR/USD Longs from 1.08200 back up This idea aligns with my other pairs. After mitigating a daily imbalance, price is showing clear rejection and heading down to fill the imbalance left from last week's NFP news event.
If price reaches the extreme demand level on the 17-hour timeframe, I'll wait for a Wyckoff accumulation to buy back up. Meanwhile, I’m watching for a new supply zone to sell from or considering imminent sells as price is currently in a 4-hour supply zone.
Confluences for EU Sells:
Price broke structure to the upside on the higher timeframe.
Significant liquidity and imbalances remain to the upside.
A clean 17-hour demand zone triggered this bullish move.
Large imbalance above the demand zone that needs filling.
P.S. If price moves higher and surpasses the last swing high, I'll look to the deep supply on the 22-hour timeframe as the next drop-off point.
EURUSD Looks "Bullish"! Triangle Breakout Pending ConfirmationTriangle Pattern Formation.
8 August 2024 - Positive Data from Unemployment Claims = USD Gained.
As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.
Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.
Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885
Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
EURUSD Anlaysis for tomorrow!Current Market Status:
Range-Bound: The EUR/USD pair is currently trading within a range, lacking significant directional momentum.
Key Levels:
Resistance Level: 1.09456
Support Level: 1.09051
Technical Setup:
Potential Buy Scenario:
Breakout Criteria: Awaiting a breakout and close above the resistance level at 1.09456.
Target: If the breakout occurs, the target for profit is set at 1.09912, which offers a potential gain of over 50 pips.
Market Sentiment: The sentiment is bullish above this level, suggesting increased buying interest.
Potential Sell Scenario:
Breakdown Criteria: Monitoring for a breakdown and close below the support level at 1.09051.
Target: Upon a confirmed breakdown, the target for profit is set at 1.08280, offering a potential gain of over 80 pips.
Market Sentiment: A break below this level could trigger further selling pressure, indicating bearish sentiment.
Technical Indicators:
Moving Averages: Analyze shorter and longer-term moving averages to confirm momentum and potential crossover signals.
RSI (Relative Strength Index): Monitor RSI levels for overbought or oversold conditions, especially near the key levels mentioned.
Volume Analysis: Check for increased trading volume on breakout/breakdown to validate the strength of the move.
Risk Management:
Stop-Loss:
For a buy trade above 1.09456, consider placing a stop-loss slightly below the breakout level to mitigate false breakouts.
For a sell trade below 1.09051, place a stop-loss just above the breakdown level to avoid premature exits.
Risk-Reward Ratio: Ensure that the trade setups adhere to a favorable risk-reward ratio, preferably 1:2 or better.
Trading Strategy:
Entry Strategy: Use limit or stop orders to enter the market at the breakout or breakdown levels.
Monitoring: Regularly monitor the price action and adjust positions based on market behavior.
Conclusion:
The EUR/USD is at a critical juncture, and tomorrow's price action around these key levels will likely set the tone for the next directional move. Whether you're looking to capitalize on a breakout or a breakdown, remain vigilant and adhere to your trading plan. Let's seize this opportunity and maximize our profits.
This brief provides a clear, concise overview of the potential trading scenarios for EUR/USD based on the current market conditions. It includes actionable strategies and key technical considerations for making informed decisions.
EURUSD Anlaysis for tomorrow!Current Market Status:
Range-Bound: The EUR/USD pair is currently trading within a range, lacking significant directional momentum.
Key Levels:
Resistance Level: 1.09456
Support Level: 1.09051
Technical Setup:
Potential Buy Scenario:
Breakout Criteria: Awaiting a breakout and close above the resistance level at 1.09456.
Target: If the breakout occurs, the target for profit is set at 1.09912, which offers a potential gain of over 50 pips.
Market Sentiment: The sentiment is bullish above this level, suggesting increased buying interest.
Potential Sell Scenario:
Breakdown Criteria: Monitoring for a breakdown and close below the support level at 1.09051.
Target: Upon a confirmed breakdown, the target for profit is set at 1.08280, offering a potential gain of over 80 pips.
Market Sentiment: A break below this level could trigger further selling pressure, indicating bearish sentiment.
Technical Indicators:
Moving Averages: Analyze shorter and longer-term moving averages to confirm momentum and potential crossover signals.
RSI (Relative Strength Index): Monitor RSI levels for overbought or oversold conditions, especially near the key levels mentioned.
Volume Analysis: Check for increased trading volume on breakout/breakdown to validate the strength of the move.
Risk Management:
Stop-Loss:
For a buy trade above 1.09456, consider placing a stop-loss slightly below the breakout level to mitigate false breakouts.
For a sell trade below 1.09051, place a stop-loss just above the breakdown level to avoid premature exits.
Risk-Reward Ratio: Ensure that the trade setups adhere to a favorable risk-reward ratio, preferably 1:2 or better.
Trading Strategy:
Entry Strategy: Use limit or stop orders to enter the market at the breakout or breakdown levels.
Monitoring: Regularly monitor the price action and adjust positions based on market behavior.
Conclusion:
The EUR/USD is at a critical juncture, and tomorrow's price action around these key levels will likely set the tone for the next directional move. Whether you're looking to capitalize on a breakout or a breakdown, remain vigilant and adhere to your trading plan. Let's seize this opportunity and maximize our profits.
This brief provides a clear, concise overview of the potential trading scenarios for EUR/USD based on the current market conditions. It includes actionable strategies and key technical considerations for making informed decisions.
USDCAD and 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.
1-Hour Chart AnalysisVist fourtrades website for market analysis link in the bio
Current Price: 1.09208
Trend: The daily and 4-hour charts remain bullish.
Key Levels:
Resistance: 1.09600 - 1.09700
Support: 1.09000 - 1.08900
The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a key resistance level. If the price breaks above the resistance zone, it could target the upper resistance level around 1.09600 - 1.09700. Conversely, a failure to break above may result in a decline towards the support zone at 1.09000 - 1.08900.
EURUSD Daily Outlook- Looking Beautiful!EURUSD Daily Outlook
1) Took out Buyside at 1.098191, expecting a retracement
to the Daily FVG (ERL TO IRL)
2) I will be looking at Buys from the Daily FVG at 1.08893
to continue with price to the upside (IRL TO ERL)
3) Short Term Target will be Yesterday's high at 1.10092
Let's goooo!!!
EUR/USD Longs from 1.09200 back upThis week, my analysis has diverged from GU due to the bullish reaction in EU triggered by the NFP, causing a CHOCH (Change of Character) to the upside. The higher time frame structure has broken, creating clean demand zones. I now expect price to retrace to one of these demand zones before continuing its upward movement.
If price continues to rise and fully fills the imbalance, I anticipate a bearish reaction from the 22-hour supply zone, leading to a slowdown and distribution.
Confluences for EU Buys:
- NFP Impact: NFP caused a CHOCH to the upside, indicating a shift from bearish to bullish.
- Demand Zones: Clean demand zones have been left behind, signaling areas where price may pull back.
- Daily Imbalance: Price is currently in a daily imbalance, which may trigger a pullback.
- Bullish Trend: The current trend is bullish, supporting the continuation of upward movement.
P.S. If price reacts to the imbalance with a bearish pullback, this could provide buying opportunities from the 5-hour demand zone or the 17-hour extreme demand.
EUR/USD is heading toward 1.10 zones(8/5/2024)After NFP data, the EUR/USD made a big move and finally ended its correction.
For now, the price will eventually reach the 1.10 zone.
Our technical view has been shown in the chart.
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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 Idea 👉🔍In this video, we closely examine EURUSD. Recently, the EURUSD has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
EUR/USD Trade Setup on 4-Hour TimeframeEUR/USD has formed a descending channel on the 4-hour timeframe, characterized by lower lows and lower highs following a strong breakout.
currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level.
Once price has reached this level we will scale down to the lower timeframe of 30 mins to find our entry based on candlesticks patterns
EURUSD looking beautiful!!!Please check out my previous outlook!!!
Price played as we expected last week. We have a beautiful rejection from the weekly FVG in discount.
We are now targeting the Buyside liquidity with first targets at 1.09481, followed by 1.09822
IRL TO ERL. We are always keeping it simple gents!
Let's get the bread.
Market Analysis: EUR/USD Volatility on the HorizonThe EUR/USD forex market has exhibited relatively low volatility in recent years, characterized by choppy price movements. However, technical indicators suggest that a significant increase in volatility may be imminent.
While the fundamental drivers behind this potential shift are unclear, chart analysis implies a possible reversal in the long-term downtrend. A potential upward movement could see the EUR/USD exchange rate reach 1.13 and 1.23 over the medium to long term, potentially within the next 6-24 months.
It is essential to note that this forecast is based on technical analysis and should not be considered a definitive prediction. The timing and underlying causes of such a move are uncertain, and the market may be influenced by unforeseen events.
We recommend maintaining a watchful eye on the EUR/USD market, as a potential spike in volatility could occur in the coming years. This analysis is intended to stimulate discussion and consideration of possible future market developments, rather than a definitive forecast.
EURUSD waiting ReboundEU stay on downtrend, but filled weekly imbalance, but daily imbalance stay to be filled at 1.0780 area. Price can go up after or from here to 1.0918 resistance area. Now we wil get PD 50% at 1.08365 or at resistances 1.0842 or 1.0853. From there a new low or a small correction for upside after. Red areas FVG's on chart waiting to be taken.
EUR/USD Trade Setup on 30-Minute TimeframeOn the 30-minute timeframe, the price has formed a demand level around 1.07800.
Note: The price is also showing bearish sentiment by breaking a major key 4-hour support level and retesting it.
If the price breaks through the demand level, there will be no buy entries.
Now we wait ⏰