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Eurusdsetup

EURUSD ShortBeen waiting for this short set up for a while, It is slowly getting to the area for an ideal sale for me. Only if it gets to that area in a corrective manner will I be placing a trade, If it gets there impulsively I will wait and see what the market will be doing and forecast my trade. Also, looking at the dxy it is slowly recovering from its downtrend and if an upward momentum is confirm it will confirm my short bias because the DXY is the inverse relationship to this pair.
Short
by TradingAfterCollege
EUR/USD Technical Analysis.Currently, EUR/USD is trading at 1.1293. The pair is trading in an up trend from 18th May and now the pair is consolidating after rebounding back from the resistance zone. The pair may start a new down trend if it breaks the support level at 1.1243. The price may consolidate for a longer time to come in a down trend. If it breaks the support level then its first target will be at 1.1070 and the second target at 1.0964 Do follow us for future Forex trend analysis. Thank you, Rishikesh Lilawat
by rishililawat5
2
EURO ($EURUSD) | Long Euro 💶 into the Central Bank Meeting? 🇪🇺 The fate of the EURUSD may lay in the hands of the European Central Bank (ECB) meeting taking place on June 4th. Although there shouldn't be any major surprises, and the pair has rallied into the event, things could really go either way. Our idea here isn't dependent on forecasting what will unfold at the meeting, rather our play is based on the chart. www.dailyfx.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is true despite EURUSD being in a major downtrend since 2008. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. The play here is to buy the S1 range after pullback from R1. Our target is R2, and with our stop just below S1 it gives us a very favorable R:R. 4. Although S2 may provide support if we go lower, there really isn't much to the trade beyond that. We are hoping for bullish continuation into and following the June 4th meeting. If we don't get it, we will reassess. Good luck EURO bulls!
by AlphaBotSystem
EURUSDwhy im seeing this will explain in chart in comments below, but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave. for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere here will start much deep drop as 3th wave as dollar will grow. (showed in second comment) if things aligned it will make Gartley pattern where point D is in perfect confluence zone on the white parallel which completes wave 2 but thats if things aligned, and as proven most often isnt that way, so it might make contracted flat and rushes down, but in that scenario regular stop loss for this scenario as is behind X line would be to big a :) so... take care this is not a short time set up, its more of a long term guide line.
by sharing_is_caring
2