Eurusdshort
EurUsd- Do we finally have a top for this correction?Since October, EurUsd rose strongly and gained almost 1500 pips.
However, as I said multiple times, both fundamentals and long-term technicals do not suggest a trend reversal in the long run, and although 0.95 could be the bottom, there is more likely to have range trading going further for the most traded currency pair in the world, than continuation above 1.1
Stricly technical, Friday is marked by a hanging man candle, followed yesterday by a Shooting start (or Pin Bar if you wish).
These could be the indication of a top in place and a drop to 1.06 could be next.
Considering a stop loss above 1.09 we also have a good R:R for such a trade
EURUSD H1: Bearish outlook seen, further downside below 1.0850On the H1 time frame, a pullback to the resistance zone at 1.0850, in line with the graphical resistance zone and Fibonacci confluence levels could present an opportunity to play the drop to the support zone at 1.0770. Prices are holding below the 20EMA, supporting the bearish bias.
EURUSD - Daily Trade Idea - 17-Jan-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
SHORT ON EUR/USDPrice has created equal highs.
The dxy is starting to rise.
If more bears come in to break the uptrend structure we could see price fall further.
Here is the play that I will be taking on this pair:
Order Type - sell stop (pending order)
Entry - 1.07671
Stop loss - 1.08800 112 PIPS
Take profit - 1.03745 392 PIPS
This is a swing trade that may take a few days to play out so please be patient.
DeGRAM | EURUSD divergence at the resistanceEURUSD is testing the major daily resistance zone and a dynamic resistance.
Price could not broke and close above the resistance, indicating bulls are running out of steam
Price action printed a double top and divergence, the market will see some pullback.
We expect a bearish move or consolidation between 1.0870 - 1.07500.
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EURUSD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on EURUSD .
Here I see the same scenario as on GOLD. Expect price to continue its bullish price action a little bit higher then I expect to reject from bearish orderblock + institutional big figure 1.10000.
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EURUSD | LONG TERM SWINGS TO THE UPSIDE?Hi Traders!
I'm looking at EURUSD and expecting more upside movements on this, possible Bullish rally into 1.16029 / 1.17211, this will be a +800 point move from current price 1.08318 - looking at the lower time frames, weekly, daily, 1hour and 15min there has been multiple confirmations for upside price movements, new HH and HL levels are formed + 61.80% and 38.00% fib corrections, all levels rejected and pushed price into upside direction, on the weekly time frame, after the monthly key level 0.95374 was rejected, we only had 3 Bearish candle formations and the rest are Bullish impulsive pushes, (12) to confirm, in order to see any Bearish plays on the weekly and monthly time frame, we will need to see price take out major key levels + new structure needs to form after taking out previous support and set lows (Key Levels) for now short term targets can be daily key levels as 1.09348 (Daily) and 1.11860 (Daily) this will be a 103.2 point move and 355.2 point move, I will do more technical updates on the weekly and daily time frame later this week when the markets are open.
EURUSD sell setup EURUSD touched its strong weekly resistance area which is also an strong supply zone
we are looking for a bearish rallly for sell confirmation look on lower time frames on the above mentioned areas
it totally depending on DXY behavior which is also near its strong demand zone
always remember that patience and discipline are the key to become a successful trader
EURUSD SHORT THURSDAY 1/13/23DOA
-Killzone Time: 10:00 pm
-Session: Asian/Pre London
-Time of Execution: 2:30 am
-Date: 1/12/2023-1/13/2023
-Day of Week: Thursday Night
Entry
-POI: 5min FVG
-Risk to Reward: 1:4.06
-SL: 7.2 pips
-TP: 29.2 pips ($6k)
-Position: Sell Limit
Moral
-ICT 2022 Mentorship Model
-ABC Liquidity Sweep by Faiz
-15min chart setup
-Liquidity Swept, MSS, FVG left open
Results
-Target Reached
-Price respected concept with BSLS, FVG + MSS
-
Lesson
-GREAT JOB!!!
-Keep it up!!!
-Way to be patient
EURCAD NY SHORTObservation: Price momentum weakening at previous 4H high, 30 min and hourly body has closed below previous high
Overall trend: price has broke 4h structure bearish
Confirmation: broken structure lower time frame and hourly close below.
Entry: slightlty late
Stop: above previous high on lower tf 20 pips
EURUSD appears bearish From my viewpoint, EURUSD appears to be encountering a short or medium term resistance at a specific price range (1.08679 to 1.08554). Although there seem to be another resistance level at (1.08900 - 1.09245). This can be due to a variety of factors such as a large number of sell orders at that level or market sentiment.
If this resistance level holds, meaning that the price is unable to break above it, my analysis suggests that the EURUSD could potentially drop to 1.07681 and to the 200EMA acting as dynamic support at 1.071270. With market sentiment becoming bearish, traders may also be more likely to sell the EURUSD, further driving down the price.
Coming months are for the dollarFor the market I can see there is a bit more dropping to DXY to come down to one of the strongest monthly support zone. From there we predict a strong bullish movement to the dollar upto 108.00. The reason why we predict a bullish movement for the DXY is that mostly of the other markets and assets have reached their monthly resistance. Until then stay tuned
EURUSD Where To Next SELL @ 1.10??We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06.
Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now moving into an uptrend on the weekly charts.
What you should expect to occur next is for a move up towards the 1.10 weekly SUPPLY/SELL zone this will be a good area for a good area for a short SELL trade to target the newly formed DEMAND/BUY zone around 1.06.
This area will also be a good area to buy back in to target the Monthly SUPPLY/SELL zone at 1.14.
I will start to look for SELL signals on my TRFX indicator above 1.09.
Hope you enjoyed the post