Eurusdsetup
EUR/USD New Short Setup After Daily Confirmation To Get 200 PipsThis 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 October ForecastOn the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.16500:
Confluences at level 1.16500:
Previous Flip Zone (Red)
Fib Golden Zone (50%-61.8%) (Gold)
Test of long-term trendline
Half Level 1.16500
Entry Criteria:
Break and retest of counter-trendline (Red)
Retest of golden zone (Gold)
Retest of Flip Zone (Red)
Retest of Half Level 1.16500
Bearish Structure
Bearish candlesticks
Moving Average Crossover
DXY shows strength on a retest of supports
Note: It is also possible for price to continue lower from a break and retest of level 1.16000
EUR/USD Looking For Longing OpportunityEURUSD reached a major support level after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURUSD THOUGHTS Lets see in four days euro didnt make it above 1.185, we can see the 1.16 first after few re-test then again to 1.15. more important coming two days is every important, dont enter market without knowledge and use stop loss. i'm not gonna give direction unless thr is confirmation. lets just wait and enter no need to rush.
EURUSD ShortEURUSD has reached support(red), but since DXY has been making higher highs on the daily I am bearish on EU so I am expecting it to breakdown from the red key level then the green support level and finally go retest the orange trend line to form a lower low. Please let me know what you think in the comments and follow me if you want to see more of my simple but profitable setups
EURUSD OutlookIn our previous analysis we mentioned that a break out of the falling wedge was imminent, if price failed to give us opportunities to go short. Price has indeed broken out. We are expecting price to give us one of the following in order for us to go long:
1. Wedge resistance retest and continue up, Take profit as marked on the chart. Price action will dictate if our TP will be revised to the next key area.
2. Price completes the inverted Head & Shoulders before bulls taking over. Take profit will be as mentioned above.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management and own discretion.
#TradeLikeMagnatrio
EURUSD | Perspective for the new week | Follow-up detailsWe are yet to open a long term position on this pair since my last publication on this pair as the price is yet to do a significant breakout of $1.18500 as expected (see link below for reference purposes) but the current market structure suggests that the "wait" is about coming to an end as I anticipate a significant breakout of Bearish Trendline in the coming week(s).
With the August Nonfarm Payroll report on Friday expected to be below the previous month, technically I anticipate a rally for the Euro in the coming week(s).
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline
Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction ( Bearish Trendline ) on the 22nd of April 2021 to set the pace for what looks like the beginning of a new trend.
ii. Since the Breakout that occurred on the 22nd of April 2021, sellers appear to emphasize its strength but the price has continued to reject the Trendline and this feat reveals that the buyers are finally gaining trust in the Euro as price finally hits the Demand zone at $1.16700 once again after 5 months.
iii. Price continued to find higher since testing the Demand zone with high expectation of breaking out of the second trendline in the coming week(s).
iv. Above $1.17500 Level (Key level) remains a comfortable area to take advantage of the intended Bullish bias as I look forward to a Breakout/Retest of the Trend zone (Bearish) in the coming week.
v. And a further Breakout of $1.18500 shall welcome an opportunity to add to our existing position... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 10 to 20 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EUR/USD Full Analysis And Many Setups In This Video 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 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..