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Eurusdsetup

EURUSD BIAS IS CLEARLY BULLISH - HOW TO TRADE IT?After a lot of struggling to identify EURUSD bottom, the market has clearly indicated the direction of the trend. The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii). Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave pattern. What's most important is that we should see a pullback to the near support to get in at a value price, and also the wave (ii) low remains the current invalidation level for any buy position. What's your thought about EURUSD? Thanks for reading! Veejahbee.
Long
by Veejahbee
6
EURUSD Making a Double Zigzag Elliot Wave Pattern - Short Entry So yesterday I published an article on the EU with entry and stop level. I get stopped out and some traders did as well. That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind. What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market stopped me out and I re-analyse I could see that the correction is yet to complete and we still have a chance to trade lower in order to complete a double zigzag pattern. I took an aggressive entry 1/3 of my total risk and I will add the remaining risk once the conservative entry level is breached. How do you manage your loss? Do you let your losers run? If yes, I have been in your shoes and I will tell you honestly, it won't help your bottom line. Best, Veejahbee.
Short
by Veejahbee
3
EURUSD Setting Up for Wave (iii) of 3 RallyPrice reversed from wave 2 low and broke out of the descending trendline in a five-wave pattern in wave (i). The subsequent move which is unfolding as a zigzag pattern has the potential to find a bottom within the blue zone comprising the 61.8% Fibonacci of the impulse, a retest of the broken trendline, and wave c will be equal 1.618x wave a, at the same area. If this count is correct, the invalidation level should remain intact, and price should advance higher in wave (iii). What's your view about EURUSD? Kindly let me know your thoughts in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
6
COMPLETED 5-3 CYCLE SET UP EURUSD FOR MAJOR RALLY$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat pattern. I had to re-evaluate before the market close on Friday, and I already open a new buy position. All these are in line with bullish activity on Gold, and BTCUSD. While the US economy will suffer. Expecting Dollar weakness!
Long
by Veejahbee
3
Elliot Wave: EURUSD is in the Early Stages of Significant RallyBottom Line: Bullish Opportunity: An advance should start from not much below the current levels, and that will confirm a reversal is underway from 1.09898 Invalidation Level that favors the Euro. Considering that the rally from 1.09898 unfolded as a five-wave impulse structure in wave (i), ongoing corrective price action keeps wave (ii) alive, continue to allow a bit lower before EURUSD is set up for the wave (iii) advance. I anticipate that wave (ii) will find support at 1.10129, comprising the low of the previous second wave at one lesser degree, 78.6 Fibonacci retracement of the advance from 1.09898, and third bounce of ascending trendline. If this wave count is correct, the Euro should continue to strengthen relative to the US Dollar, and we should expect a weaker Dollar as the USD Index contents comprise 60% of EURUSD. Best of luck on the chart! Veejahbee.
Long
by Veejahbee
4
EURUSD 240MHello traders! In this trade we are looking for 25 pips on a sell from lines B to C. Based on PA at the T1 level price may not reach line D but we never know. It`s recommended to position stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. When price reaches line B, the trade could be taken with a sell stop order, set and forget style, or could be taken depending on how each trader identifies momentum on lower time frames. Best, Jay
Short
by TrapReversalTrading
EURUSD Long after Break of 2 Resistances now to the Pullback EURUSD has made a LONG breakout after jump above my 2 Resistances ( 2 Black Lines) and has made s Spike to the old Big Resistance Zone (Upper red Line) Is now on the way back to the Decision Level (BLUE LINE) There we have to watch Either a Jump up Long again or a break down and Short again. At the moment my longterm channelsystem is long my shorttime channelsystem (MINT) Is Neutral Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Long
by Renkotrade
EURUSD LONG HIGH RISK - BULLISH CLOSE ON DAILY @ TRENDLINE Hey traders, price has reached the the trendline for this upward impulse by the EURUSD the past couple of weeks. The long term trend of EURUSD is downwards, so this still represents a counter trend trade. The risk is very high, but thats why it's balanced through a 1:3 risk to reward ratio. The probability of this trade is definitely lower. A 25% winrate or higher on these types of trades will net profit. Don't think about trades individually but as a set. In the long run with these setups and good risk:reward the results should show. I have included where my bias would turn short as well if price falls below the trend line. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Long
by FXShinobi