BULLS ARE IN CONTROL OF EURUSD. 10TH JAN 2023Educational 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?
On the 1HR timeframe, the pair is already touched the golden zone and reacted from 1.04910, FIB 0.5
And another golden zone is getting ready at 1.06240, FIB 0.5
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
ENTRY - 1.06240
STOP-LOSS - 1.05715
TAKE PROFIT - 1.10500
RISK TO REWARD RATIO IS 1:8.06
Eurusdlongsetup
EUR/USD :: Heavy Resistance .EUR/USD :::
The price has tried several times to break this long-term resistance, but so far it has not succeeded .
The price is moving in a downward channel and this increases the probability of a fall .
The probability of the channel breaking is low, but if it breaks, we will see a big price increase .
Good luck .
EU BIAS: BUY IT. DON'T SELL ITZoom the chart to see it clearly . The EU market is strongly bullish. The bulls are in control of the market. As you can see, the small ascending triangle has been broken and retested now, showing a strong bullish momentum move in the EU market. Our target area for the profit-taking is the 1.06719 resistance level, the double top area. The two arrows drawn showed the area where the price has broken and retested.
EURUSD Long Play (Weekly Chart) 11-12-22As the year quickly comes to a close, I can see the price draw to the 1.06000 - 1.07400 level before the yearly close. Expect this due to the weaker dollar that we have been experiencing over the last few months. I believe once we get to the 1.08000 level we could start to see a correction in this pair.
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.
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
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