Get started

Eurusdshort

Bullish Bias on EUR/USD: 4-Hour CHoCHEUR/USD has experienced a change in character on the 4-hour timeframe, indicating a potential pullback down for further continuation up, suggesting a shift in bias to the upside. The price has recently exhibited a bullish sentiment, and traders may now be looking for buying opportunities in anticipation of an upward move. On the 4-hour chart, the market has shown signs of strength, with higher highs and higher lows forming, suggesting a potential uptrend. The recent change in character, which indicates a potential pullback down, could be seen as a buying opportunity for traders looking to capitalize on the bullish momentum. Traders may be watching for a pullback or a retest of a key support level or potential buys once the market changes character in the smaller timeframe at the 50-78% retracement zone of this newfound swing to the upside. on the 4-hour timeframe. This could be a potential entry point for a long position, with a stop-loss order placed below the recent swing low to manage risk. The target for this trade could be towards the previous swing high or a resistance level, indicating a potential upward move. It is important to consider other factors such as market conditions, news events, and overall trend direction to confirm the bullish bias. Traders should also use proper risk management techniques, such as setting appropriate stop-loss levels and managing position size, to protect against potential losses. As always, monitoring the price action and being flexible with the trading plan is essential. Traders should be prepared for potential market reversals or unexpected price movements and adjust their strategies accordingly. In summary, the 4-hour timeframe on EUR/USD has exhibited a change in character, indicating a potential pullback down for further continuation up, suggesting a bullish bias. Traders may be looking for buying opportunities, with proper risk management in place, in anticipation of an upward move. Monitoring the price action and considering other market factors can help traders make informed trading decisions Yesterday's sells; Today anticipation move; Possible play for today and tomorrow before the news; Wave pattern for this trend;
Long
by Dion-FX
3
EURUSD H1Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and shoulder and give me a impulsive break to the upside red trend line i will be looking for a short term long position opportunity up to previous high, this is my view about EURUSD. watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support. If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
Short
by TheLoserMan
WHERE IS EURUSD HEADED???Fellow Traders, I would like to draw your attention to the recent price action of the FIBER on the weekly and monthly timeframes. Specifically, the FIBER had an indecision week on the weekly timeframe, failing to take out either the high or low of the previous week. Looking at the monthly timeframe, we can observe that the price action of Q1 (January, February, and March) was held in consolidation, and I am keen on seeing what this quarter has to offer. I am still watching out to see how price reacts off the monthly inefficiencies. Upon scaling down to the weekly timeframe, apart from the indecision week (failed to take out either high or low of the previous week), I have also noticed that the Weekly Bearish propulsion block is still offering resistance to price. While I remain bullish on the FIBER long-term, given my bearish outlook on the dollar index, I might consider the idea of short-term bearishness if I see the market open and price gunning for buyside liquidity first. The levels I am watching out for in price for a raid of buyside liquidity are 1.09263 and 1.09298, respectively. The reason for my consideration of short-term bearishness on the FIBER is because we are still trading at a premium of the weekly range, and we might see price drive back into equilibrium of the range to accumulate longs. On the daily timeframe, I am watching to see if the Daily BPR and the BISI offer support in price or not, or if we see a potential run for sell-side liquidity. The daily rejection block is also in focus for a possible liquidity sweep or a possible BMS. Either way, we are at a crucial point in price now, and I might be on my hands for most of the week. Fundamentally, we have the UNEMPLOYMENT CLAIMS NUMBER coming out on Thursday and NON FARM PAYROLLS (MAR) ON Friday, and we will see an influx of volatility upon release. Please note that this is not a trade advice. I wish everyone a profitable trading week. DISCLAIMER!!! THIS IS NOT A TRADE ADVISE.
by FxOraclee