EUR/USD Buy Idea 24/10/23Trade Details
Buy Limit
Entry: 1.05540
Take Profit 1: 1.06108
Take Profit 2: 1.06940
Take Profit 3:
Stop Loss: 1.05370
Key Notes
Order flow: Bullish
Trend: Bullish
Structure: Broken
Entry at Golden Zone
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
Eurusdlong
Bearish Outlook on EURUSD - 26th OctoberOn the H4 timeframe, price has recently broken out of an ascending trendline. A pullback to the key resistance level at 1.0600, which coincides with the 38.2% fibonacci retracement, could provide the bearish acceleration towards the next key support level at 1.0450, which is in line with the 141.4% fibonacci extension. Price is hovering below 20 EMA, supporting our bearish bias.
EURUSD | Long scenario | Ursula´s second last standBe aware this is a countertrend trade.
While i see more downside on the EURUSD i am currently looking to take a long position if the following requirements are met (as visualized with the red arrow):
- Price takes out the recent swinglow
- Price reclaims TLI 1 and i want to see atleast a tap of it (better an open / close of a candle) above S/R Level 1
- Open long on retest
Target: Below 50% of the range and the next strong resistance level
Stop- Loss: No open/close of a candle below the tap that took out the recent swinglow
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
EURUSD 4H : Try to test the support zone EURUSD
New forecast
Trading in the euro/dollar pair stabilizes around the moving average 50 after the strong decline witnessed yesterday, which constitutes good support for the price and protects it from incurring further losses, accompanied by the appearance of clear signs of saturation in selling, which supports the chances of an upward rebound and an attempt to resume the upward corrective trend from new.
Therefore, we expect to witness positive trading during the coming sessions, but at first the price will try to reach to the support area and then will rise up , it will rise and the targets start at 1.0612 to confirm the push towards 1.0632 and reach 1.0700 as the next positive station, keeping in mind that breaking 1.0540 will stop the bullish corrective scenario It pushes the price to return to the main downward path again.
The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540.
Additionally ,Today News will affect the market .
resistance line : 1.0612 , 1.0632
support line : 1.0562 . 1.0540
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Bullish continuation1) EURUSD is on a daily retracement, which means that there's a good probability that the H4 will continue higher until it reaches a daily supply area.
2) H4 Structure is bullish and despite the strong reaction to the supply at the top, buyers already pushed the price up and it retraced more than 50% of the last move.
3) If price breaks the level around 1.0534, it will increase the chances for a deeper pullback to 1.0472.
4) Until then, buyers are in control and the goal is to follow demand. 📈
EURUSD: ECB under pressure to reduce €1.7 trillion bond portfoli
The European Central Bank is increasingly having to reconsider when to start winding down the 1.7 trillion euro ($1.8 trillion) bond portfolio it bought during the pandemic.
The ECB will begin discussions on ending the PEPP rollover before cuts end in 2024 at a meeting in Athens this week. This is fully consistent with the rate tightening efforts of 10 successive interest rate hikes to bring inflation back to 2%.
EURUSD Trades Looking For Long, But Daily is Down.{25/10/2023}Educational Analysis says EURUSD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker OANDA.
After a downtrend on the daily timeframe, A 4-hour time frame looks promising up to the recent lower high,
Long setup after eating stop loss from Short Sellers,
Because EU fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 4.45
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
EUR USD trade on swing mode. {22/10/2023}Educational Analysis says EURUSD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker OANDA.
Because EU fair value gaps are unfilled in a 4-hour time frame.
So, trade is already on with RR is 1: 41
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
EUR USD IdeaGood morning, fellow traders. Today, our focus is on the EUR/USD pair, and we find ourselves navigating the daily trading zone. Our strategy involves identifying and utilizing institutional high-volume levels, including those on the daily, weekly, and monthly timeframes, alongside the points of controls and Value areas.
Our approach centers on quick in-and-out scalping within these established levels. We marry these levels with fresh structural data to pinpoint trade opportunities. The beauty of this setup is that it offers a multitude of trading opportunities for today and possibly tomorrow.
In this current environment, we're operating within the confines of a monthly order block, and the market lacks a clear directional bias. Swing trading, in this context, carries lower probability, so we're focusing on short-term scalps. It's important to note that scalping demands an intensive amount of screen time and the ability to execute trades with precision, often in a matter of minutes or even seconds.
The key takeaway is that we're prioritizing these quick, short-term trades, aiming for 1 to 3 trades with minimal holding time. Successful scalping is all about timing and swift execution. So, keep a keen eye on the market, and execute your trades swiftly. This is the way to navigate the market like a pro.
Buying the dips in EUR/USDHello traders, EUR/USD was strongly bullish yesterday.
However, currently, we are witnessing a pullback in EUR/USD.
Price is currently reaching towards the 1.06 key level. However,
if this area holds, and price doesn't go below the 1.0580-1.06
level, I would definitely consider a buying EUR/USD.
Buying the dips in EUR/USD seems like a wise strategy.