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Eurusdpriceaction

EURUSD ANALYSISThis is my anticipation on the EURUSD, our daily time frame recently broke structure to the downside, we would then do good to anticipate a pullback after the expansion BUT before we can anticipate that pullback, we need to see or have a confirmation in price on a time frame lower than the daily which will confirm our bias for the bullish pullback, as showed in my analysis, I wanna see price trading lower first to take the sellside liquidity first before we can begin the pullback, should price continue trading lower and not give us any confirmation for a pullback, we're not gonna engage, we simply let it go for this particular week, the same applies for when price just pulls back without first taking the sellside liquidity.
by TheHumanArsenal26
1
EUR/USD Longs from 1.08600 back up to 1.09400EU is following a pattern similar to GU as anticipated, so the approach will be similar. I'll be seeking buying opportunities near the current price, given the presence of a 6-hour demand zone that prompted a Breakout to the Upside (BOS). If price approaches this zone, I anticipate a Wyckoff accumulation formation before entering buy positions. However, there's an Asian low beneath the zone, so I need to exercise caution regarding the potential buy. If we witness a successful reaction, I anticipate a price rally to fill the imbalance above, eventually leading to the mitigation of the 17-hour supply zone for potential selling opportunities downward. Confluences for EU Buys are as follows: - Price is approaching a decent level demand on the 6hr. - Imbalances and liquidity above that need to be mitigated. - Price has already been moving recently bullish the past couple weeks. - After asian low gets taken I can expect price to slow down and accumulate. P.S. With the shift in price character to the downside, this could represent a temporary retracement. However, if price persists in breaking structure to the downside, there's a possibility of this demand failing and selling pressure becoming more dominant.
Long
by Hassan_fx
4
EURUSD Analysis for a Positional Trade with amazing Reward We have a Fresh Weekly Demand and a Fresh Weekly Supply areas formed, Now Price has just reacted to the Weekly Demand and post a Confirmation in lower timeframes in the Upward direction(In the direction of the Trend), we will buy with a defined risk. We see that the previous High is violated and a potential 4H Demand has formed, now there are two possibilities either this 4H Demand will take the price till its Weekly Supply in the opposite or this 4H Demand will be violated. Lets check the Reward to Risk ratio of this 4H Demand, as per the statistic anything above 3:1 is a good opportunity and any FII wouldnt miss such Trades. Here is the Trade with a Reward : Risk ratio of just a little more than 6:1. Thank You and ENjoy the Ride ! ! !
Long
by WavesandZones
EUR/USD Imminent Shorts towards 1.06800My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions. I acknowledge the presence of considerable imbalances above, which could prompt price to rise and potentially reach the supply zone in scenario (C). However, my overall expectation for EUR/USD is a downward movement towards 1.06800. Confluences for EU Shorts are as follows: - Price left a clean 3hr supply zone which price is currently re distributing inside. - Price has been moving bearish regarding the recent break of structure to the downside. - DXY is also been moving bullish so it backs the EU downtrend. - Lots of liquidity to the downside like trendline Asian lows and swing lows. - The overall trend of this market like the monthly still shows its a bearish trend. P.S. I'm currently leaning towards a pro-trend stance with this idea, primarily because of the recent downward breaks in structure. Additionally, there are few demand zones in proximity to the current price, suggesting that price may decline to sweep that liquidity. HAPPY TRADING AND REMEMBER ITS USD BANK HOLIDAY MONDAY!
Short
by Hassan_fx
3
Bearish Continuation on EURUSD Towards 1.0700EURUSD has recently encountered resistance at two critical supply levels – the previous monthly low and the low from two weeks prior. This rejection suggests a bearish sentiment, setting the stage for a potential bearish continuation. Our analysis, based on our framework, indicates selling opportunities in the EURUSD pair. Technical Analysis: The rejection at key levels and the subsequent failure to breach resistance points toward a potential bearish movement in EURUSD. The recent price action aligns with our 1-2-3 price action framework, signaling a selling opportunity. Discounted DXY Levels: The US Dollar Index (DXY) has experienced a pullback to a key level, providing a favorable discount area to plan the EURUSD trade. This alignment with DXY's movement enhances the bearish case for EURUSD. DXY Target and EURUSD Projection: Our previous DXY update highlighted a bullish stance, reaching a 1:1 target before pulling back to a key level. If DXY holds these levels, we anticipate a continuation towards its target. This scenario could drive EURUSD lower, aiming for the 1.07300-1.0700 range. Trade Plan: Monitoring the market dynamics, we are prepared to initiate a bearish continuation trade on EURUSD if the conditions align. As always, our approach remains adaptable, and we will let the market guide our decision-making process.
Short
by elevated-fx
EURUSD Plan for week 5 - 2024Plan for the week for EURUSD I would normally push this out on a Sunday but I have been pushed for time and also the h4 was right in a zone that made it hard to work with. Now that it has pushed though this zone and shown some intention I am happy to give you my thoughts. It is now looking like the H4 has confirmed bearish order flow which lines up with the weekly major trend and the weekly order flow so shorts for the foreseeable future should be the highest probability trades
Short
by Kram_Capital
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response. Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone. Confluences for EU Buys are as follows: - Price is near a clean 2-hour demand zone that has broken structure to the upside. - Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up. - There's lots of liquidity to the upside that needs to be addressed as well as some imbalances. - Dollar (DXY) is still looking bearish as well which means more upside is still left for EU. P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements. Have a great week everybody!
Long
by Hassan_fx
6