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Eurusdsell

my trade todayI checked the eur/usd chart and saw that there was a weakness in the uptrend and the overall downtrend, and in terms of price action, the bullish level was broken and I predicted a short-term decline for the pair, so I entered the sale in the supply area and put the profit limit on the demand area, and as you can see, my profit limit was activated, of course I checked this on the time frame of one minute. And I did it for five minutes, but this site didn't allow time frame sharing.
Short
by HosseinAbbaszadeh
EURUSD, Big Bearish move or a breakoutHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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
Short
by GabiDahduh
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.
Short
by TheGiovannie
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
Short
by Juju103