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Eurusdshortsetup

EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis D1 (Daily Chart) Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish. Indicators: RSI: At 40, close to oversold territory but still with room for downside continuation. Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside. MACD: Below the signal line, signaling bearish momentum. Key Levels: Support: 1.0480, 1.0450. Resistance: 1.0510, 1.0540. H4 (4-Hour Chart) Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band. Indicators: RSI: At 42, showing weak momentum but not yet oversold. Stochastic: 28, nearing oversold levels. MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation. Key Levels: Support: 1.0485, 1.0460. Resistance: 1.0515, 1.0540. H1 (Hourly Chart) Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud. Indicators: RSI: At 45, confirming weak bearish momentum. Stochastic: 23, indicating oversold conditions and possible pullback. MACD: Slightly bearish, with price momentum losing steam. ATR (14): At 10 pips, reflecting moderate volatility. Key Levels: Support: 1.0485, 1.0460. Resistance: 1.0510, 1.0535. M30 (30-Minute Chart) Trend: Bearish but consolidating at key support levels near 1.0490. Indicators: RSI: At 43, close to oversold. Stochastic: 20, signaling a possible short-term pullback. MACD: Flat, reflecting indecision. Correlated Financial Instruments DXY (US Dollar Index): Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD. Gold (XAU/USD): Declining due to USD strength, supporting a bearish bias for EUR/USD. Trade Plan for EUR/USD (H1) Trade Setup 1: Bearish Continuation After Pullback Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity. Trade Details: Entry Price: 1.0510–1.0515 (on a retracement). Stop-Loss: 1.0535 (above recent resistance). Take-Profit Levels: TP1: 1.0485. TP2: 1.0460. Risk/Reward Ratio: ~1:2. Trade Setup 2: Aggressive Breakout Short Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels. Trade Details: Entry Price: 1.0480 (on breakout). Stop-Loss: 1.0505 (above the breakout level). Take-Profit Levels: TP1: 1.0460. TP2: 1.0435. Risk/Reward Ratio: ~1:2. Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance) Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk. Trade Details: Entry Price: 1.0505. Stop-Loss: 1.0520. Take-Profit Levels: TP1: 1.0490. TP2: 1.0480. Risk/Reward Ratio: ~1:1.5.
Short
by napoleon182
EURUSD H1 11/12/2024 - SELL below 1.0525/1.0530 , Reversal 1.054Multi-Timeframe Analysis D1 (Daily Chart) Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud. Indicators: RSI at 40 and MACD signaling downside momentum. Support/Resistance: Support: 1.0490 and 1.0450. Resistance: 1.0540 and 1.0570. H4 (4-Hour Chart) Trend: Downtrend continues, with price consolidating near the lower Bollinger Band. Indicators: Stochastic is in the oversold zone (17.87), indicating potential short-term pullback. MACD suggests bearish momentum but losing strength. Support/Resistance: Support: 1.0495 and 1.0450. Resistance: 1.0530 and 1.0550. H1 (Hourly Chart) Trend: Price is below all major moving averages and Ichimoku cloud, confirming bearish structure. Indicators: RSI at 40, indicating continued bearish bias but with room for a pullback. Stochastic is oversold (23.76) and turning up, suggesting a potential retracement. ATR (14) at 10 pips, reflecting moderate volatility. Key Levels: Support: 1.0495, followed by 1.0450. Resistance: 1.0530 and 1.0545. M30 (30-Minute Chart) Trend: Intraday bearish trend intact, with consolidation near key support levels. Indicators: MACD turning slightly neutral. Stochastic oversold (28.47), indicating potential for minor correction. Revised Trade Plan for EUR/USD (H1) Trade Setup 1: Bearish Continuation After Pullback Rationale: EUR/USD remains in a bearish trend, and any pullback toward 1.0530–1.0540 provides an optimal sell opportunity. Trade Details: Entry Price: 1.0525–1.0530 (on a retracement to resistance). Stop-Loss: 1.0555 (above the intraday resistance). Take-Profit Levels: TP1: 1.0495 (current support). TP2: 1.0450 (next key support). Risk/Reward Ratio: ~1:2. Trade Setup 2: Aggressive Breakout Short Rationale: A clean break below 1.0495 would confirm bearish continuation, targeting lower levels. Trade Details: Entry Price: 1.0490 (on a confirmed breakout). Stop-Loss: 1.0515 (above the breakout level). Take-Profit Levels: TP1: 1.0470. TP2: 1.0450. Risk/Reward Ratio: ~1:2. Trade Setup 3: Intraday Scalping on Reversal Rationale: If price breaks above 1.0535, it may trigger short-term buy momentum, targeting a retracement to the next resistance. Trade Details: Entry Price: 1.0540. Stop-Loss: 1.0525. Take-Profit Levels: TP1: 1.0555. TP2: 1.0570. Risk/Reward Ratio: ~1:1.5. Key Considerations News Impact: Watch for the 13:30 GMT US inflation data release, which could spike volatility. Avoid placing trades right before the release. Correlated Instruments: DXY: A rise above 106.75 may further pressure EUR/USD. Treasury Yields: A spike in yields could add USD strength.
Short
by napoleon182
30/10/2024 - EUR/USD - Short Trade Plan30/10/2024 - EUR/USD - Short Trade Plan Trade Details: Entry: 1.08200 (15min Order Block with 4H OB Confluence) Stop Loss: 1.08407 Take Profit 1: Based on 1:1 Risk-Reward Ratio Take Profit 2: 1.07733 Reason for Trade: Short entry is based on a 15-minute Order Block (OB) aligned with a higher timeframe (4H) OB, adding confluence to the setup. Aiming for an initial 1:1 Risk-Reward (RR) on TP1, with TP2 set at a lower target. Disclaimer: This trade plan is for educational purposes only and is not financial advice. Please conduct your own analysis before trading.
Short
by Unknown_Trader007
EURUSD: 1-Hour Set upMoving Averages: 20-period EMA (green), 50-period EMA (orange), and 200-period EMA (red) show a clearer short, mid, and long-term trend direction. The price is currently trading below the 200 EMA, which indicates that the overall trend is bearish. The price has moved above the 20 EMA and is challenging the 50 EMA, suggesting a short-term bullish reversal or retracement. RSI: The RSI is at 65.20, showing that the asset is approaching overbought territory. This indicates caution for buying positions but could also signal momentum for further upside. MACD: The MACD is showing a potential bullish momentum as the MACD line has crossed above the signal line. This suggests a possible continuation of the current bullish momentum. Resistance Zones: 1.1060: This is near the 200 EMA and could act as a strong resistance, especially considering that it aligns with previous price peaks. 1.1100–1.1120: The next key resistance area is visible, where the price previously stalled before making a sharp move down. Support Levels: 1.1020: This support aligns with the recent bounce, where the price reacted positively. If the price drops below this level, it could signal a further downside. 1.1000: A psychological round number and previous consolidation area, adding significance to this support. Buy Strategy (Pullback and Trend Continuation): Entry: Consider entering a buy trade if the price retraces towards 1.1020 (just above the recent support) and holds above the 20 EMA. Confirmation of a bullish entry could come from the MACD crossover (bullish), or a bounce from the RSI if it stays above 50. Stop Loss: Place a stop loss slightly below 1.1000 (around 1.0990) in case the price breaks down. Take Profit: First target: 1.1060 (near the 200 EMA). Second target: 1.1100–1.1120, if the price manages to break through the 200 EMA resistance. Risk Management: Since RSI is approaching overbought levels, enter cautiously and monitor the price reaction at the 1.1060 resistance zone. If the price breaks above the 200 EMA with strong momentum, hold on to the trade for a potential further move up. Sell Strategy (Trend Reversal): Entry: Enter a short position if the price fails to break through 1.1060 or stalls at the 200 EMA. This would confirm that the bearish trend is resuming after a retracement. A strong bearish candle at or near the 200 EMA can confirm the sell signal, especially if accompanied by a bearish crossover on the MACD or RSI turning lower from overbought levels. Stop Loss: Set a stop loss above 1.1100 (preferably around 1.1110) to cover any false breakout above the resistance level. Take Profit: First target: 1.1020 (short-term support). Second target: 1.1000, and potentially further down if the bearish momentum strengthens. Risk Management: The sell strategy works well in a continuation of the overall bearish trend, but always look for confirmation signals like price rejection at the 200 EMA or bearish divergence on the RSI and MACD. Buy Setup: Buy near 1.1020 with targets at 1.1060 and 1.1100, especially if price remains above the 20 and 50 EMAs. Sell Setup: Look for a short near 1.1060 or below 1.1100 with a stop above, targeting 1.1020 and potentially 1.1000.
by thepoorextrader
EURUSD Analysis : Daily/H4 Moving Averages: The 20-period EMA (green line) and 50-period EMA (orange line) are closer to the price and show short to mid-term trend directions. The 200-period EMA (red line) represents the longer-term trend. Currently, the price is above the 200 EMA, indicating a bullish long-term trend. Relative Strength Index (RSI): RSI is slightly below 50 (48.05), indicating a neutral or weakening momentum. This suggests a period of consolidation or a potential reversal. MACD: The MACD line is crossing below the signal line, hinting at a possible bearish signal. Resistance Levels: The nearest resistance zone appears to be around 1.1150, where the price was recently rejected. This level aligns with the recent peak. The next significant resistance is around 1.1250, which is a key level from past market behavior. Support Levels: Immediate support is found near 1.0950, close to where the 50-period EMA (orange line) is. A stronger support lies around 1.0850, where the 200-period EMA (red line) aligns, and where price found support previously. Buy Opportunity: If the price pulls back to the 1.0950 or 1.0850 support area and holds, it could be a good opportunity to buy, especially if confirmed by a reversal pattern (e.g., a bullish engulfing candle) and a positive crossover on the MACD. Sell Opportunity: Given the weakening momentum on the MACD and RSI below 50, a break below 1.0950 could signal a selling opportunity. In that case, targeting 1.0850 for short-term profit would make sense. Trend Following (Pullback Strategy): If the price pulls back to 1.0950 or 1.0850, wait for confirmation (e.g., a bullish candle pattern) and enter a buy trade. Set the stop loss below 1.0850 (preferably around 1.0800) in case of a false breakout. First target would be 1.1150, with the second target around 1.1250 if the uptrend continues. This strategy aligns with the long-term bullish trend indicated by the 200 EMA. MACD + EMA Strategy: Enter a short position if the price breaks below 1.0950, with MACD confirming a bearish signal (negative crossover). Set the stop loss above the 50 EMA (around 1.1000). First target would be 1.0850, with a potential extension to 1.0750 if bearish momentum increases.
by thepoorextrader
EURUSD SELL INCOMINGWe’re bouncing within a channel and a wedge. Price is close to an area of confluence plus there’s been a down trend for some time now. With this particular trade I see it being valid if these few things happen: it must respect the channel and 4 hr order block that was created, a 15 minute has to be created in that premium zone & triggered during NY Session and lastly I’d only go for 1:2 RR. There must be confirmations because there is still a possibility that there can be a trend line breakout. Considering all the multiple confirmations will increase the chances of the trade being successful. Good luck to everyone trading!
Short
by ProfitPanther
EUR/USD minor correction before 1.07(4/2/2024)Nothing has been changed since our last analysis. EUR/USD is still bearish. But we may see some minor corrections because every indicator are in oversold and DXY is correcting too. 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.)
by fortunamarkets
EURUSD - IN ANTICIPATION OF A POSITIVE PCE REPORT (TARGET 1.081)The upcoming release of the Core PCE Price Index, a key inflation metric closely monitored by the Fed, is scheduled for 13:30 GMT. Despite not anticipating major surprises due to its inclusion in the recent GDP report, investors will closely examine this data along with December's Personal Spending and Personal Income figures for deeper economic insights. While positive outcomes in spending and income could bolster the USD, disappointing results might signal weakening consumption, potentially impacting the USD's immediate performance. The previous retail sales data was extremely bullish. Retail Sales and Personal Consumption Expenditures (PCE) often show a positive correlation, both reflecting consumer spending trends. While Retail Sales focus on goods, PCE covers a broader range including services. Both indicators are influenced by similar economic factors like employment rates and consumer confidence, making them crucial for understanding economic health. However, their scope differs, with PCE providing a more comprehensive view of total consumer spending. Traders should monitor these metrics for insights into consumer behaviour and overall economic conditions. Based on these macro assumptions I'll explore the bullish outcome for the dollar: What is on the chart? (Follow the steps) 1) We have our first accumulation structure which was followed by a breakout and also a market structure shift. This accumulation was fuelled by a 4H FVG. 2) When paired with the Ichimoku Kinko Hyo indicator you'll notice more downside confirmations such as a break of both the daily Kijun and Tenkan, a Tenkan/Kijun crossover and a Kumo twist. Thirdly the weekly Tenkan was broken and retested. These are all major signals. 3) We're currently still range bound with the daily 0.786 level as support that was perfectly respected. This level is strengthened by the daily Kumo. 4) I am relying on the 4 Hour order block as the final resistance before the potential positive PCE data release which would be final blow. Price should continue its downfall towards sellside liquidity. Here are some extra charts to strengthen the bias: As usual, happy trading and have great day!! :)
Short
by Lexi_Is_Trading
2
EURUSD → Short to 1.06? Or Will we Break Resistance to Long?EURUSD was rejected twice at the Resistance Zone and ended last week with another leg up. Should we short here? How do we trade this? 🤔 We had a decent entry last week, but that ended with a surprise leg up into the Resistance Zone. We now have a sell signal at the top of the zone, but need to wait for a strong bear bar closing on or near its low below the Resistance Zone around the 1.10 area. Stop loss should be placed above the Resistance Zone and set a take profit around 1:2 Risk/Reward at 1.065. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the remainder of your position. 💡 Trade Ideas 💡 Short Entry: 1.09835 🟥 Stop Loss: $1.1150 ✅ Take Profit: 1.06500 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Contact with Resistance Zone and Two Bear Bars 2. Look for Follow-Through and a close below Resistance Zone. 3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons. 4. RSI at 60.00 and above Moving Average, Needs to Fall Below. 5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry. 💰 Trading Tip 💰 All trades carry a probability value based on statistical data of the price action. If the market exceeds 60% probability in a direction, it's reasonable to take the trade assuming your Risk/Reward and Probability are positive. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
2