EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0290 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0905 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
Eurusdlongsetup
WHEN PRICE WANTS TO GO HIGHERWhen we are BULLISH and price wants to go higher it will create a TRIANGLE. After the TRIANGLE is Complete at a Macro PP price will consolidate and accumulate buy & sell orders aka MONEY aka LIQUIDITY.
Once this accumulation is complete price will then head north and take out the previous high. Once this high is taken out it will reach for more liquidity aka buy stops above previous structure areas. Once
these levels are reached price will then begin to stall and show signs of reversal (wicks, doji candles, consolidation) This is when we begin to look for the M set up and the DROP.
Never over leverage.
Trust your analysis.
Have fun!
Potential Sniper Entries on EURUSDHello Traders!
First, 95% of traders are wrong and everyone's analysis outside of yourself should be taken with a grain of salt and a gulp of discernment.
With that being said, here is my current outlook on EURUSD based on current economic conditions and price action that has developed.
Due to the outcome of NFP last week, the current USD Unemployment Rate raising from 3.5% to 3.7% seemed to be the dictator, we saw bullish price action on beginning on Friday for EU.
With the current economic data priced into the market, I am anticipating more bullish activity as the week unfolds.
Therefore, I am expecting a pull back during London session for a continuation of bullish momentum during New York session tomorrow.
Due to the fact that smaller stop losses typically mean lower accuracy for trades, I like to take multiple shots with these setups and risk small for insanely high risk to reward setups.
The point for me isn't to win every trade. The point for me is to win HUGE on the trades that I do win so I can come out with a positive ROI in the long run.
Happy trading investors!
EURUSD Long Zones to takeSometimes its a good idea to take light longs at places where Traders will Enter....
And it's also a good idea to reflect on higher TFs to gauge market value. Is price high is it low and where do YOU fit in between that.
We are seeing comfortable support amidst Key MA's. Look long longer.
EURUSD | Still in Uptrend. Good buy Opportunity! When it comes to the technical analysis of EURUSD , current market structure clearly shows the signs of uptrend. On the chart I have marked previous resistances and used them to draw a trend line. Now that line is acting as a support. We have already seen strong rejections from that area and the price likely to break R1 trend line. If it does, we are going to see a good impulse to the upside and it reaches my first target T1. There is a good chance we might see a strong rejection from T1 area. If it does better you close the long position and book the profit. Just in case the price manages to break T1, you may keep the long position till T1.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EUSUSD READY FOR LONG????EURUSD was under pressure due to nemeruous reasons but on technical charts a breakout above 0.9869 is witnessed from decending falling channel.
Would the breakout would be sustainable? I think yes if Dollar Index remained under correction mode chances are wide that it keep moving upward and re-test next levels of resistance as mentioned in charts.
However breaking below 0.9869 would take the assumption false.
Work with risk management
EURUSD LONGdaily; bearish
4h; bullish
imma wait for the price to break above the range zone
with a huge momentum not just the break alone imma be waiting for the continuation momentum breaking the resistance zone, the previous structure and above the emas
then imma go to the 1h
1h ; i wanna see an engulfing candle
and a previous structure to put my SL
price above the 14/5 ema and the 200ema as well
TP; will be next T/P no greed
stay patient and dont let fomo get into you, wait till u see a strong bullish momentum then enter, dont get caught in a fakeout, market may accumilate liquidity take those stops and drop down before it shoots to the upside, son stay patient on ur setup and manage ur acc
EU BIAS: BULLISHCurrently, the EU is respecting 0.9959 horizontal and trendline support levels. And it's like a strong bullish engulfing candle is about to form. If it forms, it's very safe to long this market. But, wait till 10 am, that is, when this current candle closes. Target take profit levels: 1.0034, 1.0110, and 1.0193. Be patient.
EURUSD ON THE RISE!!!The Narrative for this LONG goes like this:
The overall perspective is when you look at the trade from 50k feet vs the regular Daily Perspective. Some days when the market seems NOT to follow the script that's when you step back and look a the BIG Picture.
It's clear that EURUSD has tapped Buy Side Liquidity. The Wicks are liquidity runs tapping stops below structure before the main move. This is #SniperMarketMechanics
The market doesn't want anyone to make money on the main moves thus it throws wicks to knock out the stops that it knows lies right below structure. Why do you think it's called (Liquidity Runs)?
Nevertheless Stop losses are great to protect your capital in the situations when you cannot monitor the trade manually.
We are currently in the MZ when price volume begins to wake up and also creates the High and the Low within the MZ Structure. At 12am the algorithm that delivers price to the market creates a new high or low
depending on the BIAS of the day. You gauge that from the higher time frames like Daily Weekly Monthly. The higher TFs give you a great perspective of what price wants to do that day.
Now let's add the fundamentals into the script. The ECB just today raised interest rates by 75 Basis Points. Which should inject the EURO with some much needed rocket fuel to propel it upwards out of parity territory.
Contrast that to the DXY - Fed Chair has vowed to bring inflation down by raising interest rates which should effect the DXY and cause the bubble to burst.
The DXY is the ying to the yang of EURUSD and US base pairs. So this trade set up looks like a great NASA Project ready to take off to the moon. The ADR for EUR USD is 88-101 Pips. And that can be hit in one day of trading.
Finally, Never Over leverage. Take in account the inevitable pull backs and stop hunts that the algorithm is programmed to engage at certain times of the day.
Trust the set up. Give the trade time to fall aka TREND into the script.
Most importantly HAVE FUN!!! There are no do overs in this beautiful blessing we call life or FOREX so make it all count.
I AM Pro Trading Made Simple. master Jedi & Sensi of #SniperGang
EVERYBODY EAT$
Is (eur/usd) going to experience a movement as big as 1400 pips?In my opinion, this currency pair is in a 5-wave movement.
Wave 3 of this movement was very large and extended, so one should expect a very large and extended wave 4.
We are currently at the starting point of wave 4.
Along this path, we should wait for positive news and interest rate changes.
Be successful and profitable
Re Entry for EURUSD LongsI Took a trade yesterday didn't share the setup but it's playing out nicely so I'm confident in sharing the Reentry setup. Price just took out the 15 min high which was my TP 1 now waiting for a pullback to get into another long targeting the Asia Highs. This is the Price action I'm going to be looking for
BUY EURUSD !! Great Short Term OpportunityGreat setup the EURUSD as we approach the key 1.00 level, this is a short term trading setup that if triggered will be valid for 1 -2 trading days.
We are approaching the 1.00 level which is were we got a nice rally from at the beginning of the month and price has been retracing back to this area for a first test we should see a reaction here again evident in slowing of momentum on the lower timeframes.
As you can see on the image above as we are approaching the Buy Zone I like to call it the trigger zone as it's where I will be looking to enter the market when the signal occurs. What we are seeing on the 1 hour above is price starting to slow down as we are approaching this area evident being we are seeing more bullish green candles (BUYERS) and also starting to see MACD divergence signals to appear. This is showing us that the likelihood of a short bullish move from here is highly likely.
What I want to happen before entering the market is for price to actually enter the trigger starting 1.0025 and below and wait for my indicator to give me a BUY signal on the 15 or 30 min chart or wait for a MACD divergence signal to appear on the 15min/30min charts then enter the position.
My stop loss will be under the daily buy zone around 0.992 and my target area is marked on the charts above this is a great opportunity it is also just what I will do and trade at your own risk.
Hope you enjoyed this breakdown