Tue 16th Aug 2022 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. This the 4th open Sell trade now on this pair. Enjoy the day all. Cheers. Jim
Eurusdsell
EURUSD Sell to 0.98EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low.
It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well.
To enter a short position, H4 has to start forming bearish market structure for more confidence.
Fundamentals:
EUR: Facing energy crisis heading into winter, political instability
USD: CB is still very hawkish for the rest of the year
*More fundamentals on weekly commentary paper
What do you think? What's your EURUSD forecast?
How To Trade On Sideway & With Breakout , Live Setup On EUR/USD This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURUSD Sell to 0.995Fundamentals
EUR - renewed energy crisis worries
USD - Positive economic data releases which impacts future rate hikes
Technicals:
EURUSD - Daily rejected 1.025 with a bearish engulfing on an overall downtrend structure
DXY - Rejected 105.5 with a bullish engulfing, expecting USD to get stronger in the next few days.
EURUSD Potential Butterfly EURUSD - If we continue to fail the highs i'll look for sells down to that unmitigated 1H demand (Also swiping liquidity) before looking for buys from the same zone to then break the highs and continue with the daily structure up to the D point/Supply/imbalance fill (Not entering any positions without LTF confirmation)
Just an idea! Let me know your thoughts!
👉 EURUSD the price has not reached its main price level 👉EURUSD the price has not reached its main price level
in the coming week, the price movement will be determined by the movement in the ascending channel
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EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD-SELL strategyWe are well protected on down trend so far, and prices have followed the 1/1 GANN fan resistance.
We had our correction as expected, and now we are nearing the NEW MOON cycle 26th July thereabouts, and this signals a change of direction. This means lower levels to be seen, plus stochastic is high and starting to become negative.
Strategy sell 1.0200-1.0230 for a re-test of 1.0000 again. Perhaps place profit level at 0.9978 for now. Stop-loss can be percentage based, if wished for, or 1.0257 for now.
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Short/Sell Idea at recent resistanceEURUSD Short/Sell Idea at recent resistance. EUR is still bearish and will test 1.000 parity level again.
Entry: 1.0100 sell zone.
Previously came to this level and faced rejection as well as being a previous support area.
Stop Loss: 1.01278
Above Previous highs. If we do get stopped out, Id look for the next selling zone.
Take profit: 1.00158
At previous support levels.
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also you can take partials along the way or trail profit in case of a reversal or if price surpasses our target level.
EURUSD Another sell opportunity!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.