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Eurusdoutlook

GAP CLOSED, WHAT'S NEXT?The short on EURUSD got perfectly closed as I was expecting and we made enough profit (honestly I was expecting the price to go up more and add more shorts, but it's ok). Now the chart looks bullish for the short term, but we will probably see a slow price action this days. I have a short term target for a buy at 1.085, but the main view is still bearish. So, the plan is to hold the long for a scalp and wait for a short entry (if the structure doesn't change)
Long
by SaliJournal
The chart is a battleground, revealing who got crushed!In the early days of exchange trading, there was no technical possibility to visualize market quote movements, and traders analyzed ticker tapes. The real hype and massive interest in exchange speculation owe it to the technical possibility of displaying exchange information in the form of charts with ticks, bars, candles, and other more exotic ways of displaying price movements (Renko, Kagi). This led to a rapid growth of various schools of technical and graphical analysis. Just Google it, and you'll be overwhelmed by the sheer amount of info out there. It's like, every chart can be interpreted in a million ways, and three analysts will give you four different opinions on the same chart. It's crazy! But after 15+ years of trading, I've come to realize that the essence of graphical analysis is all about finding the "suffering" market participants. Classic patterns make it easy to spot areas of market activity and where traders are piling in. I'll give you some examples, backed by data from open sources, that'll show you just how predictable retail traders can be. Now, I know some experienced traders might say, "Patterns don't work, and this knowledge isn't enough." But I call BS - patterns do work, and the real question is who's extracting the most value from them? Of course, interpreting market patterns is just one piece of the puzzle. Here's an analogy: think of experienced hunters preparing for a hunt. They don't just wander around looking for prey; they identify the habitats, study the location, and track the animal's migration paths. They have a plan, limited time, and the right gear to get the job done. It's the same with pro traders with really big money. They plan and execute their strategy, using the behavior of less-informed participants in certain "hotspots" that attract retail traders like magnets. It's simple: a a newbie sees a market situation that looks just like one from a technical analysis book, and they're like, "Ah, I've got this!" Alright, let's take a look at the current situation with the Euro. I've got a screenshot with the average long and short positions of retail traders marked on the chart. It's a 1-hour time frame, which is probably the most popular one, right? Think about it, why is this time frame so popular? The data is from an open source, as of Friday evening. Take a minute to study this chart. What catches your eye? Let's zoom in and add some lines and arrows. Voilà! What do we see? The average long and short positions of participants (from the open source) almost perfectly match the breakouts of local highs and lows. This is what's called "trading the breakout" in the books. We can make an intermediate conclusion: the "bulls" were encouraged to open positions and got stuck in a losing zone, while the "bears" are celebrating their victory, as the market is favoring them and they're in a small profit. In other words, the market sentiment is bearish. Woohoo, case closed, let's go to short the Euro now! And yes, and no! The Euro quotes have been below the average short position of traders since June 14th, for two whole weeks, inviting everyone to start shorting. Even a blind "bull" can see it's time to switch sides). Here are some more numbers from the open source: short positions on the Euro decreased by 11.55% last week , while bearish positions grew by 8.55% . These are broker-aggregated data, no insider info here. You can find them yourself if you put in some time and effort. These numbers, as you understand, confirm our hypothesis that this "shorting invitation" didn't go unnoticed. Now, in the context of this article, think about it: "Will the 'Hunters' take advantage of this situation?" Or will the market take us all for a profitable ride? Oh boy... Let's look at the current situation with the Yen. It's a 1-hour chart with opened buys and sell levels marked. What can we conclude: a massive bearish candle clearly encouraged a lot of short positions to open, while the "bulls" opened at the upper range boundary during its test, and the market is favoring them, while the bears are suffering. But what's even more important, they're not just suffering, but also reversing the market. According to open data, the number of open short positions grew by 14.09% last week . Good luck to them in this tough business! However we should remember that short positions are closed at a stop-loss by "market buy" orders, which gives an impulse for further growth. What do I want to convey with this article, what do I want to share with you, mates? Evaluate market sentiment through the prism of "suffering" participants - that's, in my opinion, the best indicator! Usefully utilize information from open sources about retail positioning, there's a lot of value in it. Try to look at the chart with the eyes of a "hunter", search for traps set. Make such analysis a necessary part of your strategy to gain an edge, without which trading on markets is like playing "roulette". It's a journey, folks. Some get it earlier, some later, but eventually, most traders come to realize they need to "dig deeper", learn more about market mechanics, and improve their strategies. It's a painful process, but it's worth it. So, don't give up! Get back on your feet, and try again. As 50 Cent said: Get rich or die trying!
Education
by ClashChartsTeam
EUR/USD Shorts form 1.07100 or 1.07425My analysis for EU is similar to GU, focusing on sell opportunities. I'm particularly interested in a 4-hour supply level as a key area to take sells from. Once the price enters that zone, I will look for lower time frame (LTF) confirmation to continue the bearish trend. If the price goes higher, which is also expected, a more favorable sell position would be around the 5-hour supply zone, as it offers a more advantageous selling point. - Price has been very bearish recently indicating bears are more dominant. - 5hr and 4hr supply levels left unmitigated thats now become our POI. - Lots of liquidity left to the downside like Asia lows. - DXY is also correlating and supporting this idea as the dollar is looking bullish right now. - Lots of bearish pressure which means the correction is pending back up. P.S. I expect this pair to start off bearish this week, aiming to break the nearby low. Afterward, I anticipate a reaction from the 4-hour demand zone, causing a retracement back up.
Short
by Hassan_fx
3
EURUSD Bearish move continued**Monthly Chart** EURUSD is in a large range between 1.11500 and 1.04482 levels from August 2023 to date as per the monthly chart. However, it is still moving in a large long-term bearish directional bias and short-term bullish directional bias. **Weekly Chart** EURUSD weekly candle closed bearish after testing 50% of the previous weekly candle and moved lower in addition to filling the gap that occurred during the weekend due to the EURO election. This provided a clear indication to continue the move lower this week. The next target is around 1.0600 level (the previous weekly swing low). **Daily Chart** The gap was filled just before FOMC announcement last Wednesday, which created a favorable spot to push EURUSD lower. On 21st June there will be EURO PMI results which might generate some reaction near 1.06000 level. We will be looking to short this pair if there is a good pullback with a clear confirmation pattern on lower time frame. The first target will be 1.06000 level and then 1.0500/1.04500 levels. However, we might expect a reaction around 1.0600 level that may push the price higher.
Short
by PropSignals
Will EURUSD Drop Again ?I see EURUSD in the 1.08172-1.07836 area, there is a base area (DBD), as a supply area for UERUSD, and there is an EMA 200, with the trend formed by EURUSD being a downtrend, based on the above it is very realistic to determine a SELL plan in the Supply area with SL above the supply zone and TP 2R is very possible to achieve. Hopefully I'm right and luck comes my way. Note: this idea is not a recommendation for making your trading decisions. All losses and profits are not our responsibility. Happy Trading keep safe.
Short
by AHAFX10
EURUSD Technical Analysis and Trade Idea👉 In this video we look at a trade idea for the EURUSD currency pair. The higher time frame charts indicate that the euro dollar (EURUSD) is currently facing downward pressure, suggesting a potential short (sell) opportunity. We’ve analyzed the overall trend, market structure, and recent price action. Additionally, we’ve identified a couple of options for setting stop loss levels. Remember that this information is for educational purposes only, and trading carries a high level of risk. Always prioritize good risk management strategies in your trading decisions. ✅🌟
Short
by fxtraderanthony
0606 ECB Likely to Surpass Fed in Rate Cutting.EU DOWN FOR THAT?Hello traders, European Central Bank (E.C.B.) is likely to overtake the Fed in terms of rate cuts today in later session. While the Fed has been seen as the global weathervane for monetary policy, the E.C.B. may take more aggressive steps to stimulate growth as pressures on the eurozone economy increase. This CUTTING rate decision could make EURUSD turn down from this week. Check these charts: Left daily chart, waiting for a fake breaking through signal or bearish confirming signal when EURUSD trying to retest the daily pressure zone. On the right weekly chart, EURUSD is considered sideways price action in a downtrend channel. If ECB decides to cut rate today, it could make a reflection point on this channel and down to test low as the arrow. GOOD LUCK ON THIS SELLING PLAN AFTER CONFIRMING ECB CUTTING RATE DECISION. LESS IS MORE!
Short
by FUNTRADER-Vera
You Need An Edge In The Markets - Tradingview Has The Tools!👉📈 In the video, we look at a EURUSD trade opportunity, but more importantly, we delve into essential features and tools available on TradingView, which can considerably enhance your trading edge. Here’s what we cover: ✅ 1: Multi-Chart Layout: - TradingView’s workspace allows you to view multiple charts simultaneously. This feature is particularly useful when analyzing currency pairs like EURUSD. - By comparing different timeframes or related assets, you gain a broader perspective on market dynamics. ✅ 2: Currency Indexes: - Currency indexes provide crucial insights. They help answer questions like: Is the EUR (Euro) truly under pressure? Is the USD (US Dollar) gaining strength? - For instance, even if the EURUSD pair appears bearish, understanding the individual currency strengths is vital. Sometimes, two currencies may be trending in the same direction with one slightly stronger than the other.. you might look to avoid trading the currency pair associated with this scenario. ✅ 3: Entry, Stop Loss, and Target Levels: - We explore how to identify optimal entry points, setting a suitable stop-loss, and define profit targets. 📢Leveraging TradingView’s tools, you can fine-tune your trading strategy and gain a real edge in the currency markets. 📢 Remember, steady conservative and consistant trading, along with rigorous risk management, is key. Happy trading! 🛡️🌟
Short
by fxtraderanthony
18
EURUSD Cutting-Edge Analysis? like a "loot button" ))))Hi guys. Let me share some thoughts on the prospects of the EURUSD pair Retail's been building up long positions and cutting short ones, which suggests a strong bearish sentiment (think "sell when everyone's buying"). The same bearish mood is lurking in the options market, where folks are aggressively trading "naked shorts" and combinations. However, we should note that volatility has spiked to this year's max—these bursts often trigger "stoppies" or short-term corrections, instead of following the main trend. Visually, the "longs" have been punished, and now the market's favoring the bears. Interestingly, the highest concentration of bears is after the close of a bearish candle—remember your tech analysis books, that's a "candle with a big body and almost no shadows"—a 100% trigger! I hope this summary increase your trading edge!
Short
by ClashChartsTeam
EUR/USD Shorts from 1.07400My bias is similar to GU, given the significant bearish pressure we've seen. I aim to continue this bearish trend. Currently, I am waiting for a pullback into a supply level for price to distribute and maintain its downward direction. I will look for sell opportunities at the 10-hour supply zone. If the price doesn't react there, I expect a stronger response from the 4-hourly supply zone, which is at a more premium price. From there, I plan to sell back down, targeting the liquidity below. Confluences for EU Sells are as follows: - Lots of liquidity below that needs to get taken as well as imbalances that need to get filled. - DXY is also looking bullish which aligns with this idea as well. - Price has left a clean level of supply that has been unmitigated. - Price is currently in a downtrend so this is a pro-trend idea. - Higher time frame and candle stick anatomy also show bearish P.S. If the price drops a bit more, I will consider taking buys from the 4-hour demand zone, as it is valid and at a good price point. However, if this zone breaks, it will further confirm my bearish bias.
Short
by Hassan_fx