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Eurusdshortidea

EUR/USD Short Setup at Key Resistance LevelMy Short Idea Based on Downtrend Continuation Short Entry: 1.0850 Stop Loss: 1.0900 Take Profit: 1.0800 The pair is in a downtrend, forming lower highs (LH) & lower lows (LL) and this retracement to 1.0850 resistance provides a solid short opportunity, The RSI is nearing overbought levels adding confirmation to the bearish setup, The stop loss is safely above resistance to avoid false breakouts and take profit is at 1.0800, where strong support lies. Good Luck!
Short
by kashifone1
EURUSD Shorts to 1.08500 (Possibly lower)My bias for this week's prediction is for EURUSD to move bearish, As it has tapped into a strong level of supply. I will be waiting for wyckoff distribution to play out in order for us to catch sells this week. Simultaneously, the dollar has also tapped in to a demand zone which is expected to initiate a bullish reaction hence why I am bearish for EU. The 16hr supply hold a lot of precedence as not only its on the higher time frame but, it has also caused a BOS to the downside which continued the overall bearish trend. Not only that but, the zone has also swept liquidity which is a good sign that this zone will get respected. Confluences for EURUSD Longs are as follows: - Price tapped into a 16hr supply zone that has caused a BOS to the downside. - Overall price trend is bearish on the EURUSD chart. - Imbalances left below to target which hasn't been filled yet. - Lots of trendline liquidity to the downside and asian lows that's been left. - Dollar (DXY) is inside a 5hr demand which I'm anticipating a bullish reaction from. - Price has steadily approached the zone with weaker bullish candles indicating that bullish pressure is exhausted and over bought. P.S. I would love to see the asian high inside the zone get swept first in the form of a UTAD for a better confirmation of a sell but we will see what price does on Monday. Usually its a slow day however, I will be waiting for a clean CHOH on the lower time frame to give me a better insight of when price wants to expand to the downside.
Short
by Hassan_fx
EURUSD SHORT I'm looking for short opportunities on EURUSD at the moment. We've been downtrending since mid July, the market has been working its way down taking out lows from July, June and May. I see one more prominent target EURUSD would push for if the downtrend continues and that would be the bottom seen in mid March around the 1.05200 area. Thats where I'll be looking to take profits after price retraces back into the 1.06900 zone. Good luck traders, let me know you thoughts on EU!
Short
by CollectCap
EurUSD short Swing Idea (updated)Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure. Overbought Conditions: Assessing the overbought conditions on technical indicators like the Relative Strength Index (RSI) can provide insights into potential reversals. If the RSI is in overbought territory (above 70), it suggests that the market may be due for a correction or reversal. Bearish Candlestick Patterns: Monitoring bearish candlestick patterns, such as shooting stars, bearish engulfing patterns, or evening stars, can provide additional confirmation of a potential reversal. These patterns indicate that selling pressure is increasing and a reversal could be imminent. Fibonacci Retracement: 61.8% Fibonacci levels often act as resistance during reversals and may present opportunities for short positions. Fundamental Analysis: Economic Data: Keeping an eye on economic data releases from both the Eurozone and the United States is essential. Positive economic indicators from the United States, such as strong GDP growth or better-than-expected employment figures, could strengthen the US dollar and potentially trigger a reversal in the EUR/USD pair. Central Bank Policy: Monitoring statements or actions by the European Central Bank (ECB) and the Federal Reserve (Fed) is crucial. Any indications of a shift towards tighter monetary policy by the Fed or looser policy by the ECB could influence market sentiment and potentially contribute to a reversal in the EUR/USD pair. Sentiment and Risk Appetite: Market sentiment and risk appetite play a significant role in currency movements. Any changes in global risk sentiment, driven by factors like geopolitical tensions or economic uncertainties, could lead to a shift towards safe-haven currencies such as the US dollar, potentially favoring a reversal in the EUR/USD pair. Conclusion: While the overall trend of the EUR/USD pair might be upwards, a short position from 1.12747 to 1.13420 can be considered as a potential reversal opportunity. Monitoring key resistance levels, overbought conditions, bearish candlestick patterns, and employing Fibonacci retracement levels can help identify potential entry points for a short position. Additionally, keeping an eye on economic data, central bank policies, and market sentiment is crucial for assessing the probability of a reversal. Remember to manage risk effectively and adjust your strategy if market conditions change.
Short
by realtrademaster
EUR/USD SELL IDEAHey tradomaniacs, EUR/USD has shown another strong fakeout at the MONTHLY Key-Resistance which could give us a great chance to short the peek. Another retest of the intradays High-Volume-Note should show us whether this is a likely scenario or not. EUR/USD: Daytrade-Preparation Sell-Limit: 1,21175 Stop-Loss: 1,21420 Point-Of-Risk-Reduction: 1,21000 Take-Profit: 1,20720 Stop-Loss: 25 pips Risk: 0,5% - 1% Risk-Reward: 1,86 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez