Eurusdsetup
EURUSD FORECAST A POTENTIAL TO GO DOWN??*RISING WEDGE PATTERN H4 RETESTING THE H&S PATTERN IN DAILY*
A daily bearish trend line false breakout?? / daily bearish trend line breakout??
I would not short this pair if there is no confirmation candle, however if there is a confirmation, it will be a -+100 pip trade.
EURUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price has downward move supported by a downward resistance line. Few weeks ago price broke downward resistance to the upside. Price tested monthly resistance and faced rejection to move back below downward resistance. We can see two W patterns and this provides us two targets.
W > We saw deceleration of price for 7 weeks before price dropped.
D > Deceleration found support with an upward support trend line and its break gave us bearish confirmation. Price returned back to test trend line as resistance now and has started a downward move.
As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped.
4H > Price moved up to test trend line now as resistance and has started downward move creating LL.
Pair Correlation > EURUSD has positive correlation with AUDUSD, XAGUSD, AUDJPY and EURJPY and negative correlation with USDCHF.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
EURUSD - Looking For Higher Prices.Hello and welcome back. If you found this idea helpful, please leave a like. Last week was very tricky for me. It was one of my tougher NFP weeks I've had all year. Anyhow, I believe EURUSD has formed a low and I will be looking for higher prices. My idea for 1.1500 will need to be put aside for now. First objective would be 1.1800 and then trade into the blue box.
BUY $EURUSD - Take out Equal Highs Around 1.1775Equal highs need to be taken out plus it just retraced to the perfect fib level.
First Take Profit 1.17640 at the high of the current wave. Second at the equal highs 1.17750
Last could be around 1.18000 before the weekly fib level calls for a sell.
SL Just under the current wave at 1.7215.
Entry at 1.16395
Short Position on EURUSD 4H Hello Traders!
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🚀SELL Execution according to the market.
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EURUSD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
EUR/USD: bi-directional trading levels for the coming weekHi !
- I am neutral with EUR/USD at least until the ECB meeting, that means I am not expecting breakout out of the well established range at least during the coming week.
- the current market conditions allow to trade both sides and all depends on patience to enter at the right prices of the range.
comments? feedback? enlightenment? questions? different ideas?
fell very free and welcome to voice yourself, you also can do that in private chat.
summary: buy the dips, sell the blips. I trust the levels shared in the chart are trust worthy
good luck !
GoldCartel - Fiber weekly forecastSo far, it still inside the flag and a potential bullish continuation pattern. Currently, the ranges are inside the white support/resistance, an excellent range for day-trading.
Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or until it reaches the daily major trendline.
A breakout below the flag and the daily major trendline means a reversal, and a breakout above the flag means a trend continuation. Time will tell, but currently I remain bullish until the catalyst says the opposite.
Catalyst:
- ECB Main Refinancing Rate
- ECB Monetary Policy Statement
- ECB Press Conference
- US PPI
- US Unemployment claims
- US Crude oil data
- ECB President Lagarde Speaks
- Eurogroup Meetings
- US CPI
EUR/USD Sell Setup for this week.After the NFP Dollar seems to gain a little buy moment and EUR/USD seems to slow down it's upward trend. Now it's looking to maybe change it's trend to sell.
but for that we need a break of 1.1718 level. (or any level that is close to it) and we need a retest of this level as shown in the Chart. after the retest we need to sell sell momentum/price action or red candles to confirm that the trend has reversed to SELL.
Take Profits:
Next key level is 1.1486
So you can place your TPs between your entry and 1.1486 level.
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Got any other ideas regarding EUR/USD?
Please consider commenting about it. 💭
A like would be really appreciated. 👍
An uncertain week for EUR This two set up could be trade as the week moves ahead and the BCE meeting on Thursday about the monetary policy. As Kathie Lien shared on her article on investing.com "The ECB has a lot to consider when it meets next week, including the strong euro, increase in virus cases and the ECB’s review of their inflation target. COVID-19 cases in Spain are rising at a dangerously rapid pace".
EUR/USD and a POSSIBLE BUY#PreparationHey tradomaniacs,
looking at EUR/USD I can see a possible long-scenario in order to continue the trend.
Technicals:
The previous fakeout by DXY caused a sell-off in EUR/USD which instantly stopped by the retest of the current two trendlines and key-support-zone.
Currently we can see a Flat-Type-Correction which is very typical for the 4th-Wave of an entire Impulse.
As you can see in the D1-Chart: The market is currently in an uptrend and kinda consolidated ahead the NFP`s.
With the previous fakeout to the downside (SL-FISHING) and the retest of the trendline and the support we might see more BULLISH CONFLUENCE as buyers got liquidated during the NFP`s.
The result has been a double-botton which is giving us another evidence for a move upwards.
A 5th wave is very likely at least according to E.W.
Fundamentals:
The previous NFP-Data were overall bearish for DXY as the positive Figures were a confirmation for the current low monetary policy of the FED.
The market will probably price in more liquidity for the market and so more inflation in the USA which will probably boost EUR as it has a weight of 57,5% in the US-DOLLAR-BASKET.
IMPORTANT: The European Central Bank has its monetary policy meeting this week!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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