EURUSD Full bearish confluence. Multitimeframe UPDATE.Please see multitimeframe analysis below. Check previous idea for more context. Support with a boost and comment - I DO appreciate it.
Eurusdoutlook
HUGE WIN, WHAT'S NEXT? EURUSDA huge win for us with a 100% accuracy, as you can see EURUSD has followed exactly my plan. But what's next now? I expect a downside moves in the London session that could push the price till 1.07750, here I will look for a long setup with a possible reversal starting at the beginning of the NY Session. My first target is above 1.08500.
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EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure and Retracement
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 61.80%
EURUSD Daily planI expect a fake moves to liquidate the longs, so i think that today EURUSD will break below the accumulation zone i drawed. This could be a classic market maker moves, and i want to long it. If i will see a reversal pattern at the beginning of the NY session, i'll long it targeting the open of the market gap
EUR/USD Outlook ICT Consept📈💰 Welcome to Your Channel!
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the forex market, focusing on one of its key assets: EUR/USD .
📉🔍Impact of News on EUR
Last week, significant news favored the direction of the dollar index, causing a substantial impact on the EUR. This led to several large downward closing candles in the EUR/USD market.
🚀📈Internal Liquidity Sweep and Potential Upward Move
We recently swept some internal liquidity ( ERL ), and we can anticipate a move higher to fill the unfilled gaps and Fair Value Gaps ( FVG ) created by those substantial down close candles.
📊📉Major Sell-Side Liquidity and Optimal Trade Entry Levels
Ahead of us lie the major sell-side liquidity levels and Optimal Trade Entry ( OTE ) levels. We can expect a continuation to deeper levels after a retracement upward to reach the levels mentioned earlier.
🚀📈 Stay Tuned for More Insights
Thank you for joining us on this insightful journey.
Stay tuned for more market analysis and updates. Until next time, happy trading!
📊⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
EURUSDThe EUR/USD pair is showing a bearish movement on the 4-hour timeframe as the Elliott Wave 5th wave has completed, and the price has broken out of the ascending trendline. Currently, the price appears to be following an Elliott Wave ABC correction pattern. We should wait for the 50% retracement of the corrective wave to complete before entering a selling position.
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week.
Below are the indexes based on the 4HR wave structure.
DXY: Bullish Reversal (+ve)
EXY: Bearish Continuation (-ve)
AXY: Reversal (-ve)
SXY: Bullish Pullback (+ve)
JXY: Bullish Pullback (+ve)
BXY: Bullish Pullback (+ve)
CXY: Bearish Continuation (-ve)
ZXY: Reversal (-ve)
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BUY PAIRS: USDCAD, AUDCAD, GBPCAD,
SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD
EURUSDI am expecting EURUSD to make a move upward, thereby taking out the previous high before deciding if to continue moving upward.
EURUSD Technical Analysis and Trade IdeaDuring a recent rally, the EURUSD exhibited notable bullish momentum. In our video analysis, we explore potential long positions, contingent upon price aligning with our entry criteria. Examining the 4-hour chart, we observe a previous bearish trend that has been interrupted by a bullish market structure breakout. While my bias leans toward a long position, it remains contingent on price action developments outlined in the video.
Disclaimer: This content does not constitute financial advice.
EURUSD: expected to have a downward adjustmentEURUSD: This currency pair in today's session is expected to have a downward adjustment in the context that the ECB will announce that EUR interest rates today are expected to decrease, so it is possible that EURUSD will re-examine the 1.0800 support area first. when the outlook increases again. However, observing on technical factors, the uptrend is still the dominant trend. You can consider waiting to buy with EURUSD today around the support area of 1.0800
EURUSD accumulates with upside amid negative backdrop for USDEURUSD: The EUR yesterday adjusted slightly, then increased again in the early morning session this morning. On the H4 frame, it can be seen that the uptrend has returned to dominate before, however in today's session it is expected that the market will largely still accumulate with the advantage of increasing points in the context of quite a lot of negative information for the USD and the market. The school is waiting for nonfarm news this weekend. Therefore, you can consider buying EURUSD in today's session. Recommended to buy around 1.0860
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Resistance Level
Impulse Correction
dollar Index to fall towards 101, 100Dollar index has been weak on recent weeks and this move is likely to continue. I expect XETR:DAX to continue falling towards it's previous support and resistance levels at around 102, 101 then 100
If this move happens then it is good news for pairs like FX:EURUSD and FX:GBPUSD as they are all set to drift north. Fundamentally news have been against the dollar recently. On monday 3rd we had US ISM Manufacturing figures which came lower than expected. Today 4thmay24 their is JOLTS Job opening report which is also expected to be lower and this will be a negative driver for $dax.
Always do your own research before pulling and shots .
Use a hard stop loss and good luck. Check my socials and follow for updates
EURUSD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: This week on Thursday we will see results of Interest Rate in Europe and on Friday we have NFP day. News with high impact on EUR and USD, so pay attention to the results in order to validate the analysis.
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EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable.
I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities.
Confluences for EU Buys are as follows:
- The Demand zone has caused a CHOCH to the upside.
- Lots of liquidity to the upside as well as that wick that needs to get filled.
- Price is already been bullish so this is a pro-trend trade.
- In order for price to keep going up it must retrace and enter these key levels to trigger a rally.
P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday.
Have a great trading week and thanks for 1k followers!
Potential SELL STOP on EUR/USD from 1.0883I have a potential EUR/USD SHORT trade from 1.0883.
1.0883 is WR1 (weekly resistance 1) pivot and this pivot co-incides with a line of resistance which was last weeks high (Monday 20th May).
This morning, 1.0879 has proven too tough to break for EUR/USD BULLS despite several attemps.
It's possible we may see EUR/USD decline from these levels though the proximity of the WR1 is usually irresistable and my guess is that we'll see a final push to reach the pivot.
This effort may be too much for EUR/USD BULLS and I'd expect to see SELLERS jump in at WR1 and drive the price south.
On the D1 time frame we can draw a trendline from the 18th July 2023 high (1.1279) through the March 8th 2024 high at 1.0983 and this line meets the recent high at 1.0898 12 days ago and we are now up against this line.
All this means that EUR/USD BULLS have it all to do to head much higher and I'd expect to see a reversal in the 1.0900 to 1.0880 area.
If we do indeed readh WR1 and we see the price stall and reverse (as expected) then I'll use the Andean Oscillator to confirm the SELL trade and once I see the lower time frames turn BEARISH then I'll enter SHORT.
Although we've been in an uptrend since mid April, the overall structure remains BEARISH.
A break of the trendline mentioned above though could be signfiicant as a look at the D1 time frame shows us that we are in a well defined flag/pennant formation and if price breaks out north then we can expect to see EUR/USD head much higher.
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development
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☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
EurUsd Lower ahead of Next weeks Eur Rate Cuts?Usd strength! After those talks of Eur rate cuts next week by Euro central bankers. Lower rates means less monies flow into the Eurozone for the Carry trade. USD is taking advantage of this and strengthening. Look at that shooting star candle on the Daily timeframe. What a pre-cursor to a massive selloff on the Eur today. The price action was giving us hints as to what would eventually occur. If you go look at our previous posts from early in the week , we talked about the clean range to the downisde on EU and bam we just filled the range down to 1.08147 Daily level and have exceeded it by another 20 pips. We have our next key level at 1.0768 Daily support level. I'm anticpating more downside these next sessions but we may observe some shakeout volatility first. Safe trading
EURUSD LONG PLANWednesday is usually a bearish day for EURUSD, and this give us an opportunity to wait for a long trigger. I expect the price to drop today, probably till the resistance area at 1.08250 were the price could range before starting to bounce, maybe tomorrow at the beginning of the NY session. I'll wait a valid trigger (a range in this area with a bounce in the NY session tomorrow) before entering
Dollar Strength today but 1.08455 Bounce? EurUsd // Hello traders! EurUsd went down today which we were not expecting. We were anticipating more of an increase in price for a few reasons. 1) Monthly candle is bullish 2) Buy the rumor of cutting rates for the Eur on next weeks announcement 3) The weekly candle last week closed above weekly support level 1.08361. However, as always, we plan for both scenarios for our Intra-Day trading approach and so we actually suggested potential sells off 1.08845 .. the Daily Resistance Level! So we are not surprised to see that the market created a Daily high this week at this price level. We called out longs from the weekly level, 1.0867 , which played out very well for a continuation trade 1 hour after London open. The Daily Candle just closed a shooting star candle, rejecting the Daily Resistance zone, 1.08845. Thus far, the new daily candle has pulled down in line with this sell pressure. If you observe the last 4hr candle of the previous daily candle, this was the clue that the market provided us for this nice move down during Asian session. The weekly candle right now has no body and has a much larger top wick, denoting rejection to the upside. In the short term here I can observe a bounce from our strong 4hr level 1.08455. How will this level sustain, not sure. I like scalp buys the most with a 1hr confrimation candle rejection from the weekly level 1.08361. I also like sells from 1.08606 1hr level and our weekly level 1.0867. The other levels can very well be relevant and so we must remain flexible in our bias of the markets direction in our short term approach. Not Financial advice. Safe Trading.
EurUsd Higher on ECB Rates Cut Rumors 🗿Hello traders! EurUsd has wasted no time and is seeing some buying pressure to kick off the week. We are 31 pips from the previous weeks high price as the Eur is being bought ahead of next week's Interest rate announcement by the ECB. Apparently the central bank will be cutting rates and so the market is moving on a "Buy the Rumor and Sell the news " sort of flow. How far can we pull up ahead of next week's announcement? Well we are already up 31 pips.. and our next weekly resistance zone is at 1.09427, or about 63 Pips away. I cant see why not, on this buy the rumor sell the news kind of flow, that we could reach that price level. The monthly candle is bullish after all and we are rejecting the monthly support level . So 1.09427 is our weekly bullish target. For the Short term, I liken pullback scalp buys off 1.08672 or scalp sells off 1.08845 daily level and 1.08945 4hr zone. The Daily candle today closed bullish, in line with the previous Daily candle from Friday.. which was a solid bullish candle in of itself. In our previous analysis, we were biased towards sells but after what the ECB policymakers are saying and the price action so far this week, we must remain flexible in our approach. We did suggest some places to look for longs in our previous analysis and did indeed callout potential longs, in advance, from the daily low of today at 1.08420 1hr support zone. The link for that analysis will be below so go check it out. Otherwise, safe trading everyone!
EURUSD Technical Analysis and Trade Idea As we examine the EURUSD, a robust bullish trend becomes evident, especially when scrutinizing the daily and 4-hour charts. Notably, we’ve identified bullish price action—a decisive breach in market structure on the 4-hour timeframe. However, it’s crucial to recognize that this breakout could potentially lead to a short-term bearish correction before the overall bullish trend resumes.
Trade Idea: Considering the bullish bias, we look for buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement could offer an attractive entry point.
Remember that this analysis serves educational purposes only. Always conduct your due diligence and consider risk management principles when implementing any trade ideas. 🚀
EURUSD: The EUR is still in an uptrendEURUSD: The EUR the day before today broke out of the response sector and at once persevered its upward momentum. Therefore, in these days`s session, the uptrend will nevertheless be consolidated. Ace recall shopping for with EURUSD these days across the modern rate variety with the short-time period intention of retesting the height of 1.0900.
