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Eurusdshort

Potential SELL STOP on EUR/USD from 1.0883I have a potential EUR/USD SHORT trade from 1.0883. 1.0883 is WR1 (weekly resistance 1) pivot and this pivot co-incides with a line of resistance which was last weeks high (Monday 20th May). This morning, 1.0879 has proven too tough to break for EUR/USD BULLS despite several attemps. It's possible we may see EUR/USD decline from these levels though the proximity of the WR1 is usually irresistable and my guess is that we'll see a final push to reach the pivot. This effort may be too much for EUR/USD BULLS and I'd expect to see SELLERS jump in at WR1 and drive the price south. On the D1 time frame we can draw a trendline from the 18th July 2023 high (1.1279) through the March 8th 2024 high at 1.0983 and this line meets the recent high at 1.0898 12 days ago and we are now up against this line. All this means that EUR/USD BULLS have it all to do to head much higher and I'd expect to see a reversal in the 1.0900 to 1.0880 area. If we do indeed readh WR1 and we see the price stall and reverse (as expected) then I'll use the Andean Oscillator to confirm the SELL trade and once I see the lower time frames turn BEARISH then I'll enter SHORT. Although we've been in an uptrend since mid April, the overall structure remains BEARISH. A break of the trendline mentioned above though could be signfiicant as a look at the D1 time frame shows us that we are in a well defined flag/pennant formation and if price breaks out north then we can expect to see EUR/USD head much higher.
Short
by forextraplaces
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Short
by Yelli_trades
3
EURUSD (Toward 1.08030)EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate the economy is at risk of derailing, potentially impacting businesses and consumers. Technically: The price reached the price we mentioned in the previous idea, it was the upper of the channel. Now, the price will continue the bearish trend toward 1.08030 and then should break that to get 1.0770 and 1.07070 stability above 1.0883 means will start a new bullish trend toward 1.0992, Previous Idea: Pivot Price: 1.0853 Resistance Levels: 1.0992, 1.1045, 1.1075 Support Levels: 1.0803, 1.0768, 1.0707 The price is expected to oscillate between the support at 1.08030 and the resistance at 1.0883.
Short
by SroshMayi
EURUSD Short- London Session - 1:6 RR Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price currently within HVA Price traded above the 15mins buyside zone EU open where I'm looking to be a seller H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356) Potential RR is a 1:6 adjusted to a static RR.
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by Pips4Breakfastx
6
EUR/USD - Bearish Harmonic Pattern DetectedThe EUR/USD pair is currently forming a Bearish Harmonic Pattern (XABCD) on the 4-hour chart. This technical formation suggests a potential reversal zone (PRZ) at Point D, which is crucial for identifying a shift in market sentiment. Point D is further supported by a key support area and a 4-hour trend line, adding to the confluence for a bearish trend reversal. Entry and Stop Loss: For this trade setup, we recommend entering a short position at 1.08680. The stop loss is strategically placed at 1.08795 to mitigate risk and protect against unexpected market fluctuations. Take Profit Levels: We have identified three take-profit levels based on key support levels and historical price actions. These targets are designed to optimize returns while managing risk effectively: TP-1: 1.08570 TP-2: 1.08455 TP-3: 1.08345 Technical Indicators and Confluence: Bearish Harmonic Pattern (XABCD): The formation of this pattern is a strong indicator of a potential bearish reversal. Potential Reversal Zone (PRZ): Point D aligns with a key support area, enhancing the likelihood of a reversal. 4-Hour Trend Line: The trend line provides additional support, reinforcing the bearish bias. Conclusion The confluence of the Bearish Harmonic Pattern, key support area, and 4-hour trend line strengthens our expectation of a bearish trend reversal at Point D. Traders should consider entering at 1.08680, with a stop loss at 1.08795, and aim for the identified take profit levels to maximize potential gains.
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by trading_jupiter
EURUSD - decision point soon--------------EURUSD SHORT-------------- Although this course looks more like a bullish trend, there is a slight chance to turn down soon. As of now the chance is 50%. After it reaches the decision point we will clearly see the reaction. It can go straight through this zone and continue climbing higher but I still think a reversal is likely, from my point of view I would go for short from the zone. We will see. This is not a financial advice, do your own research and analysis!
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by Szuperpotyka
1
SHORT EUR/USD from 1.0783The declining trendline (shown) has held down EUR/USD since the high of March 8th. It never ceases to amaze me that trendlines so frequently predict price although like anything in trading you cannot depend on them always. So you need other signs that the price is heading in one direction or another or if the price is reversing or about to reverse. The Andean Oscillator is a very accurate indicator that not many traders seem to use which I believe is a mistake as it carries a great deal of informatrion if read correctly. The red SELL line is now above zero on 1M, 5m and 15M and this would suggest EUR/USD BEARS are entering the market. Its also worth noting that the previous H1 candle is a classic doji indecision (possibly reversal) candle which adds weight to the analysis. The main worry about this trade is the proximity of the Weekly Resistance Pivot WR1. This sits at 1.0799 and will be a target for EUR/USD BULLS so I have the STOP above this level incase we get a run up to this resistance level. Target if the trade takes off will be the 200 EMA at 1.0750 area though the price would need to break through the 25, 50 and 100 EMA's to get there. Worth noting that the 200EMA on H1 and H4 are in the same place. The structure remains BULLISH whilst we trade above the H4 200 EMA but a break of this level opens up a possible deep move south down to 1.0664.
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by forextraplaces
EUR/USD Short Opportunity Looking at the 4 hour chart here there are several things I have charted that make my decision for looking for short entries more favorable for myself. Personally, I use my own scripts and scalp intraday sessions and zones, but this analysis allows me to ignore the bullish side of things until otherwise seeing a reason to reverse my bias. Several news factors played into last weeks price action and on the 4hr you can see that we are finally breaching into that large gap that was created the beginning of April where a large amount of shorts came into the market off of a strong DXY (US Dollar) and I give credit to the push on the Euro this week to the strong earnings on the stocks side of things in the USA. (US30, NAS, SP500) This leading to the dollar softening or possibly profit taking? Hard to call those things but I see this a great entry opportunities for shorts because as you see by the first technical I will go over here, that gap has a fibonacci retracement that has been respected at the .50 level. It also ties in with a 4hr long term trend line that this would be the 5th tap into, which can sometimes mean a 'weaker' trend due to the fact it keeps getting tapped into shows there is interest, however in this scenario you also see a parallel channel that stays respected for a good amount of time on the 4hr. I see all these factors playing into the Bishop RSI v2 which takes 6 intraday timeframes and takes their RSI value and applies a FRAMA calculation to it and provides it as one single line. This has given me great accuracy on picking tops and bottoms or weakening trends in this scenario. If we have some bullish dollar movement and can continue on our bearish long term trend on the EUR/USD pair here, we can see a 1% retracement this week (very reasonable and realistic) and it would line up with support levels which would most likely be targeted IF the pair goes bearish. Thats the scoop on it as of now!
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by mbfxtrading
EUR/USD Ready to short!(5/7/2024)In our last analysis, EUR/USD FX:EURUSD Continued the mini bullish move(retracement) and right now the price is ranging. We believe the price has finished the correction phase and is ready to start a new bearish move. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
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by fortunamarkets
Sell EUR/USD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a triangle pattern. Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.0770 or lower if the price continues to decline. Target Levels: 1.0704: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected downwards from the breakout point. 1.0680: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.0800. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
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by KABHI_TA_TRADING
10