EUR USD SELL There is a potential trend reversal on the 4 hour timeframe.
Stop loss: 1.0895
Take profit: 1.0765
Eurusdsell
EUR-USD SellI see potential sells for eur-usd if price simply breaks back below 1.08480 for entry 1 or 1.08359 for entry 2. Making my tp at 1.08051. I could see myself taking this position if price goes down with momentum perferably at New York session. But this might also occur during London session. Good Luck
EUR/USDMy plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells.
There is trendline liquidity above the supply, so I expect the zone might get breached to sweep the Asian high. Once price reaches the 11-hour supply zone, it will present a more favorable sell opportunity. If the price drops early, I will wait for it to reach the 10-hour demand.
Confluences for EU Sells are as follows:
- Price has changed character to the downside.
- Price has left a clean 3hr supply that is sitting ontop of some liquidity.
- Price left an imbalance below that needs to get filled.
- Price has been very bullish and can do with a retracement back down.
P.S. If the price reacts to the 3-hour supply, I will look to sell down to fill in some of the imbalance just above the 10-hour demand. At that area, I will shift my bias to buying, following a day trader approach.
Have a great trading week ahead guys!
EUR/USD Gave Yesterday +50 Pips 0 Drawdown , Good D Closure :DThis 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 (Toward 1.08030)EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes
Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate the economy is at risk of derailing, potentially impacting businesses and consumers.
Technically:
The price reached the price we mentioned in the previous idea, it was the upper of the channel.
Now, the price will continue the bearish trend toward 1.08030 and then should break that to get 1.0770 and 1.07070
stability above 1.0883 means will start a new bullish trend toward 1.0992,
Previous Idea:
Pivot Price: 1.0853
Resistance Levels: 1.0992, 1.1045, 1.1075
Support Levels: 1.0803, 1.0768, 1.0707
The price is expected to oscillate between the support at 1.08030 and the resistance at 1.0883.
EUR/USD Ready For Sell To Get 150 Pips , Are You Ready ?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.
EUR/USD - Bearish Harmonic Pattern DetectedThe EUR/USD pair is currently forming a Bearish Harmonic Pattern (XABCD) on the 4-hour chart. This technical formation suggests a potential reversal zone (PRZ) at Point D, which is crucial for identifying a shift in market sentiment. Point D is further supported by a key support area and a 4-hour trend line, adding to the confluence for a bearish trend reversal.
Entry and Stop Loss:
For this trade setup, we recommend entering a short position at 1.08680. The stop loss is strategically placed at 1.08795 to mitigate risk and protect against unexpected market fluctuations.
Take Profit Levels:
We have identified three take-profit levels based on key support levels and historical price actions. These targets are designed to optimize returns while managing risk effectively:
TP-1: 1.08570
TP-2: 1.08455
TP-3: 1.08345
Technical Indicators and Confluence:
Bearish Harmonic Pattern (XABCD): The formation of this pattern is a strong indicator of a potential bearish reversal.
Potential Reversal Zone (PRZ): Point D aligns with a key support area, enhancing the likelihood of a reversal.
4-Hour Trend Line: The trend line provides additional support, reinforcing the bearish bias.
Conclusion
The confluence of the Bearish Harmonic Pattern, key support area, and 4-hour trend line strengthens our expectation of a bearish trend reversal at Point D. Traders should consider entering at 1.08680, with a stop loss at 1.08795, and aim for the identified take profit levels to maximize potential gains.
EUR USD SELL There is a potential trend reversal on the EUR USD 4 hour timeframe.
Stop loss: 1.0834
Take profit: 1.07230
SHORT EUR/USD from 1.0783The declining trendline (shown) has held down EUR/USD since the high of March 8th.
It never ceases to amaze me that trendlines so frequently predict price although like anything in trading you cannot depend on them always.
So you need other signs that the price is heading in one direction or another or if the price is reversing or about to reverse.
The Andean Oscillator is a very accurate indicator that not many traders seem to use which I believe is a mistake as it carries a great deal of informatrion if read correctly.
The red SELL line is now above zero on 1M, 5m and 15M and this would suggest EUR/USD BEARS are entering the market.
Its also worth noting that the previous H1 candle is a classic doji indecision (possibly reversal) candle which adds weight to the analysis.
The main worry about this trade is the proximity of the Weekly Resistance Pivot WR1.
This sits at 1.0799 and will be a target for EUR/USD BULLS so I have the STOP above this level incase we get a run up to this resistance level.
Target if the trade takes off will be the 200 EMA at 1.0750 area though the price would need to break through the 25, 50 and 100 EMA's to get there.
Worth noting that the 200EMA on H1 and H4 are in the same place.
The structure remains BULLISH whilst we trade above the H4 200 EMA but a break of this level opens up a possible deep move south down to 1.0664.
EURUSD : Short Trade , 4hHello traders, we want to check the EURUSD chart. The general trend of the market is bearish and the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 1.06800. Good luck.
Technical Analysis: EURUSD potential Double Bottom EURUSD is looking quite bearish right now. Many of our Indicators are showing signs the price may continue to drop for a few days.
Our Sell Momentum has yet to end and our Momentum and Fear & Greed Index oscillators are only showing Bearish sell pressure on this current bar. This means that the price could pull back out of this dump and continue upwards; only time will tell. However, it’s not looking good in the short term.
EURUSD’s overall trend is downwards and it looks like it may test its current bottom quite soon. This could be a great thing for bullish price movement if it only touches the bottom pivot and doesn’t crash through; as it would signify a double bottom.
We will conclude with, EURUSD is looking quite bearish in the short term with strong bullish potential if the double bottom occurs.
EURUSD Analysis (1st May 2024)
Market Analysis PT2/2 (1st May 2024)
EURUSD Analysis
On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from.
Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute timeframe to look for a bearish Change of character for some potential A+ sell set ups to continue to bearish momentum.
P.S. : There is EURO Bank holiday today, so do expect smaller volatility in the markets, but yet again the markets are unpredictable. Lets see what london brings us🐳
EURUSD - Noticed interesting sell setup for +20 RRREURUSD is currently in a quite interesting POI as we speak to sell from. My trades are usually within 10 pip SL and will be moved to BE when opportunity is given.
EURUSD Bearish Butterfly Pattern Formation @ 4-Hour TimeframeEURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level.
Trendline Analysis:
Additionally, there is a trendline that intersects with the completion point of the Butterfly pattern. This trendline further reinforces the potential resistance at Point D and suggests a strong level of selling pressure.
Bearish Momentum Expected:
Based on the formation of the Butterfly Harmonic Pattern and the confluence with the trendline resistance, we anticipate a shift in momentum towards the downside. This suggests a bearish outlook for EURUSD.
Entry, Stop Loss, and Take Profit Levels:
Entry: We recommend taking a short position at 1.06800, which aligns with the anticipated reversal point (Point D) of the Butterfly pattern and the resistance level.
Stop Loss: To manage risk, a stop loss should be placed at 1.07180, just above the recent swing high. This level provides a buffer against potential market volatility while allowing room for the trade to develop.
Take Profit Targets:
We have identified two take profit levels:
TP-1: Set the first take profit target at 1.06400. This level corresponds to a significant support area and offers a reasonable profit target based on the expected bearish momentum.
TP-2: The second take profit target is set at 1.06025, aiming for a deeper retracement. This level aligns with a previous swing low and provides a more ambitious target for profit-taking.
Conclusion:
In conclusion, the EURUSD pair is exhibiting signs of a potential bearish reversal as it forms a Butterfly Harmonic Pattern along with a trendline resistance on the 4-hour timeframe. Traders may consider short positions with an entry at 1.06800, a stop loss at 1.07180, and take profit targets at 1.06400 and 1.06025. It's essential to monitor price action closely and adjust positions accordingly as the trade develops.
EURUSD WEEKLY BIASEURUSD is bearish till my golden and final zone.
The EUR/USD pair is one of the most widely traded currency pairs in the world. It represents the exchange rate between the euro, the official currency of the Eurozone, and the US dollar, the currency of the United States. Traders and investors closely monitor this pair because it reflects the relative strength of these two major global economies and can be influenced by a wide range of factors, including economic indicators, central bank policies, geopolitical events, and market sentiment
EURUSD : Short Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in a descending channel and after a heavy drop it is moving in a range. We expect that if the price pulls back to the specified resistance level around the price of 1.07000, this level will maintain the downward trend of the price and the price will have a fall to around 1.06100. If the price can break this level, the second target will be the specified support level, i.e. around the price of 1.05300. Good luck.
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis.
Key Levels and Fibonacci Retracement:
Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal.
Trade Setup:
Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern.
Risk Management:
To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements.
Profit Targets:
We propose three profit targets to capitalize on the anticipated bearish momentum:
Take Profit 1 (TP-1): 1.06344
Take Profit 2 (TP-2): 1.06048
Take Profit 3 (TP-3): 1.05760
Conclusion:
In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan.
This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment.
Disclaimer:
Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
EURUSD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.
Eurusd EUR/USD continues to lose ground for the sixth successive session, trading near 1.0610 during the Asian hours on Tuesday. The elevated US Dollar is exerting pressure on the pair, potentially influenced by the higher US Treasury yields.
On the upside, EUR/USD is projected to find early resistance at the key 200-day SMA of 1.0827, ahead of the April top of 1.0885 (April 9), followed by the March peak of 1.0981 (March 8) and the weekly high of 1.0998 (January 11), all preceding the psychological barrier of 1.1000. Further advances from here could challenge the December 2023 top of 1.1139 (December 28).
The breakdown of the 2024 low of 1.0621 (April 15) could put a probable visit to the November 2023 low of 1.0516 (November 1) back on the radar prior to the weekly low of 1.0495 (October 13, 2023), the 2023 bottom of 1.0448 (October 3), and the round milestone of 1.0400.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Confirm Chart
EURUSD SELL SETUPEU gave a solid break of structure here on the daily. Going in line with bullish DXY; watch for the pull back or retest for the next bearish wave down!
Eurusd long Target EUR/USD stays under heavy bearish pressure and trades at its lowest level since November below 1.0650. Divergent ECB-Fed policy outlooks and the risk-averse market atmosphere keep the US Dollar strongly bid and weigh on the pair.
1.0700 (static level, former 2024-low support) aligns as first resistance for EUR/USD. In case the pair stabilizes above that level, 1.0730 (static level) and 1.0770 (static level) could be seen as next hurdles.
On the downside, 1.0660 (static level from
On the downside, 1.0660 (static level from November) could be seen as next support before 1.0600 (psychological level) and 1.0550 (static level from October).
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
FX Wars Episode 4 - A new hope (for the EUR)?First things first:
📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it.
-> This will lead to a (temporary) weakness in the USD ✅️
...And thus a new hope for the EURO?...
Once upon a time in a FX galaxy far, far away...
The EUR has been rising against the USD for around 2 weeks and new hope is already emerging.
Will the euro rebellion break out of the upper edge of the annual range at 1,127 or will the US(D) empire nip any naive hope in the bud?
This is astonishing in view of the fact that the EUR has only suffered losses against virtually all other major pairs, such as the CAD, AUD or NZD, for weeks.
See below for my related (and profitable) trade ideas:
I will explain in detail in the comments why the naive breakout fantasies of the EURO rebellion will also fail against the US(D) empire.
Eurusd sell confirm signal EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Confirm Chart sell
Eurusd sell signal
