EURUSD Sell OrderAfter hitting the resistance line around 1.1775, we can predict a downtrend towards 1.1695. I enter the sale with a target of 1.1695.
Eurusdsell
EURUSD, Big Bearish move or a breakoutHello everyone, as we all know the market action discounts everything :)
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The EUR/USD struggles to maintain the uptrend after posting gains in the last three sessions, including the rebound from last week’s new 2021 lows in the 1.1660 regions.
The EURUSD pair had a small Bullish movement in the last couple of days where we see the price going up from 1.6692 and hitting 1.17663 yesterday, Today started with a Bearish candle But notice that the main trend right now is Bearish, and a pattern of lower highs and lower lows has formed and that would be the reason for the Market to drop in the next week.
Looking at the chart we can see 2 different Scenarios for the market movement in the next week:
Scenario 1 :
in the last 3 weeks, the market seems to be having a pattern of lower highs and lower lows, A big possibility that it will repeat itself this week as well, with a target of 1.16290.
But before reaching that the price will be headed near the first support line at 1.1730 and after breaking out it will keep dropping down reaching the support at 1.1691 where Bulls will try to control the market and if they fail then the market will hit the target.
Scenario 2 :
The market is trading at 1.17460 if the Bulls were able to take control from the Bears then we will see the market push near the first resistance level at 1.1770, At that level, a big battle will happen between the Bears and Bulls and the outcome will play a big roll in the market movement in the next period of time, if the Bulls were able to win it means a Breakout is about to happen in this Bearish trend.
Technical indicators show :
1) The market is below the 20 50 100 200 MA and EMA, But still above the 5 10 Averages, which could indicate a small Bullish move but the current trend is still Bearish.
2) The MACD is below the 0 line showing that the market is in a Bearish state, With a positive crossover happening today between the MACD line and the Signal line.
3) The ADX is at 22.70 showing that the market is trending, With a negative crossover between DI+ and DI-.
Support & Resistance points :
support Resistance
1) 1.1730 1) 1.1770
2) 1.1709 2) 1.1787
3) 1.1691 3) 1.1809
Fundamental point of view :
This week's risk rally looks to be fading as we close in on the Jackson Hole event. EUR/USD is trading below 1.1750, off the highs and ahead of the German IFO Business Climate release. A moderate decrease is on the cards but the pair should stay above the 1.17 level, according to economists at ING.
The focus will be on the German August IFO. German manufacturers continue to struggle with supply chain challenges and the IFO expectations component is expected to correct to 100 from 101.2. Any larger than expected drop here could marginally weigh on EUR/USD, though 1.1700 support should hold in quiet markets. According to fxstreet
Upcoming Fundamental news that would affect the market: {USD} Jackson Hole Symposium, Durable Goods Orders(Jul), Gross Domestic Product Annualized(Q2) PREL,
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading
EURUSD shorts on againQuick update as I expect to see price now make that continuation back to the downside... the importance is obviously limiting that risk so got taken at break even last night but even better confirmation for entry today.
SELL FOR EURUSD 88 PIPSThis market has been in a downtrend and will continue to follow structure. It bounced off of my trendline and rejected major resistance. This is very bearish on top of it being overbought. There were bearish engulfing candles that showed signs of strength for the bears. There were large wicks forming on the smaller time frame as well. It is also showing it hit an important point on the FIBONACCI which shows a perfect touch of the .618. All of these signs show a downtrend and we will enter based on these confluences.
When do I enter EURUSD??Just thought I should mention this when it comes to entry.. always remember risk appropriate amounts for your size account.
EURUSD shorts on the radar As explained yesterday watching for that continuation move to the downside... currently getting close to entry and will look at jumping in over the next 8 hours.
EURUSD FUTHER DOWNSIDE CONTINUATIONCould be a slow start to the week but This is the kind of situation I'm looking for on EURUSD. I do expect EURUSD to bottom out sometime soon but for now I'm just following the trend..
EUR/USD good short position eur usd is facing big bearish pressure and very strong support is ahead
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key to become a successful trader
EURUSD SELLS ACTIVE (13 year trend)SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel'
1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to take your money so be patient, once previous HL or LH is broke its more confirmation for a reversal
2. "ZONES" (this is my area of interest for entering trades and take profits no matter which timeframe I draw them on because MONEY ALWAYS RETURNS THERE just trending 'zone to zone') in this case my red monthly zones price loves goin to
3. "PRICE PATTERNS" (H&S's, WEDGES, DT's and DB's are the main 3 patterns I look for ONLY when price is on or near a 'Major Trendline or Zone' on 4hr timeframes and up) patterns would be clear to see on lower timeframes like 1hr, 15min etc.
So with those 3 confluences we have price near a nice 13 year old 'resistance line' which appears to be creating a clean weekly 'HEAD & SHOULDERS' with 'DOUBLE TOP' as the head and right shoulder giving me SELL vibes 600+ pips
IF PRICE goes back up and passes my previous Higher High then also passes my red monthly zone I would setup for buys
EURUSD UPDATEPrice didn't go my way at the start of the week but this obviously does happen, as long as you have your risk managed then these small losses shouldn't affect you in the slightest. Not many areas at the moment where i can look for decent entry's.. I can only suggest small intra day shorts..
EURUSD SellEURUSD has reached a major mid level and is retesting before it drops to the 1.17900, RSI is confluence 1, Mid retest is confluence 2, Hammer pin bar is your 3rd confluence. Enough to take the trade positively.
Secure the bag boys...
EURUSD BearishEURUSD create hidden bearish divergence in D1 Timeframe! Short after long anticipated!
EURUSD Sell SetupGoing short on Eurusd entry:1.17580 tp levels: 1.17307, 1.17019 sl:1.17856
Use proper risk management . Do not risk more than 2% of your capital.
EUR USD 15 MIN SCALP SELLAs EUR continues to trend downwards, check out this possible trade idea to enter a short if prices pushes upward towards resistance levels. Take a small risk of 60 pips for a Potential gain of 260 pips.
Only enter this trade after price rejects the resistance zone and right after the next 15 minute sell candle closes above!
Stop Loss: 1.18236
Take Profit 1 = 1.17956
Take Profit 2 = 1.17916
💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.1824).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51.
Take Profits:
TP1= @ 1.1795
TP2= @ 1.1771
TP3= @ 1.1750
TP4= @ 1.1737
TP5= @ 1.1712
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.1824).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51.
Take Profits:
TP1= @ 1.1795
TP2= @ 1.1771
TP3= @ 1.1750
TP4= @ 1.1737
TP5= @ 1.1712
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Wednesday: EURUSD - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Eurusd sellThis is the second best time to enter for the sell. We had a second beautiful retest of structure. Everything is indicating there will be momentum downwards. It made a lower high and we are on course to go down. It is overbought in most timelines and we should see it hit support before it moves elsewhere.
Could we see a downside?There maybe a downside potential still on this pair in the long run, plus parts of Europe announced another outbreak of raise in covid. Could we see it fall again to 1.07-1.08?
What are your thoughts?
