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Eurusdlong

EUR/USD: AB=CD Harmonic Pattern Signals Potential Bullish TradeAB=CD Harmonic Pattern Pattern Formation: The EUR/USD pair is currently forming an AB=CD Harmonic Pattern , which is a common and reliable formation in technical analysis. This pattern is typically seen as a strong indicator of potential price movement, making it a crucial point of interest for traders. Fibonacci Retracement & Projection Analysis: The BC leg has shown a 58% Fibonacci retracement, aligning with a 2.0 projection of the BC leg. This confluence strengthens the validity of the AB=CD pattern, suggesting a high probability of the price reaching the D point as per the pattern projection. Entry Strategy: We recommend taking a Buy entry near the 1.10500 level, at the retest of the Point B breakout. This level offers a strategic entry point, capitalizing on the potential Bullish Trend Continuation toward the projected D point of the harmonic pattern. Profit-Taking Strategy: To maximize profit while managing risk, we suggest the following take profit levels: TP-1: 1.11300 - First resistance zone where partial profits should be taken. TP-2: 1.12100 - The second resistance zone is critical for further profit-taking. Stop Loss Placement: To protect against adverse price movements, a stop loss should be placed near 1.09690. This level is strategically chosen to allow for natural market fluctuations while safeguarding against significant losses. Conclusion: The EUR/USD is currently presenting a strong technical setup with the formation of the AB=CD Harmonic Pattern. By entering at 1.10500, traders can position themselves advantageously for a potential move towards the resistance zones near 1.11300 and 1.12100. Proper risk management is advised with a stop loss set at 1.09690. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Forex trading involves significant risk and may not be suitable for all investors. Always consult with a licensed financial advisor before making any trading decisions.
Long
by trading_jupiter
EURUSD will it pushes higher? **Monthly Chart** EURUSD Last month's candle closed bearish after taking the previous month's high (May 2024) then sharply pushed and closed lower. However, this month's candle (Still active - July 2024) opened at the low of the range of the previous month only to push higher after it tested the demand zone around 1.06600 level. This has given a strong momentum for buyers to push the price at least towards breaking 1.1000 round number) supply zone. * *Weekly Chart** On the weekly chart EURUSD looks like it is in a large range between 1.06000 and 1.09150 from March 2024. The price attempted to break the high three times but it failed. This time with a close of a strong bullish candle last week, this suggests a continuation of the trend at least to break the high and test 1.1000 level. However, it is risky to buy at the high. So we will wait for a good retracement or corrective structure to provide us an opportunity to buy for another push to the upside. In this case, we will look at lower time frames for better risk-to-reward and good execution parameters. **Daily Chart** EURUSD remains bullish, however, it is moving through a critical price location near the previous daily swing and liquidity pool. The expectation for this week is for a corrective structure before one more bush to the upside at least to take the liquidity above 1.09160 and then move towards 1.1000.
Long
by PropSignals
2
EURUSD at a Tipping Point: Explosive Breakout or Breakdown?Is the EURUSD on the verge of a major breakout, or are we heading for another disappointing retreat? Once again, we’re sitting above the 1.10 zone, and the price has moved into the upper range territory. Since early 2023, EURUSD has been stuck in a weekly range between 1.05 and 1.104, with only one quick rally to 1.12 that was quickly faded. Are we finally ready to see a clear breakout higher, or will the price fail again and fall back into the range? Let's take a closer look at what the charts are indicating. Zooming into the daily charts, we can see the range more clearly. Yesterday, the price spiked up to create a new high for the year before quickly selling off (see image below). Shifting to the 4-hour charts and adding the MACD indicator, a clear bearish SELL signal has appeared, indicating that buying momentum is beginning to fade. Given the HTF price zone we’re in, a sell-off to at least 1.093 seems likely. Now, I’m waiting for my TRFX indicator to give a sell signal on the 2-hour or 4-hour timeframe. The first target for this position is 1.093. I’ll then re-analyze the price action at that level. If selling momentum picks up, a deeper correction toward the bottom of the range could be on the cards. My stop loss will be set above 1.11. This week's WEEKLY candle close will be crucial. If we get a clear break and close above 1.105, a move up to 1.12 is highly likely. I’ll be closely watching for any reaction to the US GDP today. If the above scenario plays out, I will shift my strategy from selling to buying on any short-term retrace to 1.105, targeting 1.12. For now, it's a short setup until the market indicates otherwise. If you enjoyed the read, hit the boost button :)
Short
by TheFxAce
8
EURUSD H1 TIME LONG TERM Sell TRADING IDEAHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
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.
Short
by Optimum369
5
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.
Short
by pejman_zwin
1
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❤️
Short
by Adefxc
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.
Long
by Hassan_fx
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.
Long
by FourtradesTV
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.
Long
by Hassan_fx
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. If you like it then Support us by liking, 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 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. 📊✅
Long
by fxtraderanthony