EURUSD Technical Analysis and Trade Idea As we examine the EURUSD, a robust bullish trend becomes evident, especially when scrutinizing the daily and 4-hour charts. Notably, we’ve identified bullish price action—a decisive breach in market structure on the 4-hour timeframe. However, it’s crucial to recognize that this breakout could potentially lead to a short-term bearish correction before the overall bullish trend resumes.
Trade Idea: Considering the bullish bias, we look for buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement could offer an attractive entry point.
Remember that this analysis serves educational purposes only. Always conduct your due diligence and consider risk management principles when implementing any trade ideas. 🚀
Eurusdtradeidea
NEW WEEK NEW PLAN EURUSDMy previous weekly plan for EURUSD went pretty good. I entered short at the beginning of the week and i close the main trade with a good 50 pip profit. This week, plan is different. If i was bearish, now i will look for a long trade. We can see a break abive mid term trendline, and mid term trend is positive. I expect a continuation of the bullish trend till the resistance zone at 1.094
EURUSD FOLLOWING THE PLANEverything is good for EURUSD, it's perfectly following my plan. I expect a continuation of the drop for the next 8-10 hrs and i think it can reach 1.07750 today. There are some chance it will start to reverse at NY with a continuation of the reversal tomorrow. There area from 1.08 to 1.06 is a strong support zone, and we can probably see a flash crash there with a strong pullback next. Actually, just holding my shorts at break even
EURUSD Technical Analysis and Trade IdeaIn this video, we discuss a EURUSD trade idea based on bearish price movement As always, the video covers my trade entry points, opinions on trend analysis, market structure, and price action. Remember that this information is educational and not financial advice. 📈 🚀📊
💡 EURUSD: Analysis May 21EURUSD continues to accumulate in front of the 1.0900 resistance level, the price created a new bearish pin bar pattern on daily however this pattern is quite weak and not a concern. Combined with previous bullish signals, including breaking the down channel, the longer the price accumulates around this resistance level will increase the chance of breaking out above, you continue the buy-up strategy, two scenarios. The potential version is when the price corrects to 1.08xx while creating a bullish signal, or when the price clearly breaks the 1.0900 level.
💡 H1 trend: sideways
Today trading idea: Buy EURUSD
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EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward.
If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside.
Confluences for EU Sells are as follows:
- 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply.
- The overall trend on the higher time frame is bearish and the dollar is also overall bullish.
- Price has already mitigated 4hr supply might be a start of a bearish trend.
- Bullish pressure is getting exhausted after the bullish rallies we saw last week.
- Clean 11hr supply that has an imbalance that we could see a clean reaction from
P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile.
Have a great trading week!
💡 EURUSD: Analysis May 15Bar D1 increased yesterday with a wide range, had a lower shadow and closed close to the top, showing very good buying pressure during the day. More importantly, this D1 bar closed above the previous Inside bar pattern, creating an upside breakout that could be the price action that gives EURUSD D1 additional upward momentum. However, structurally, EURUSD D1 is still inclined to decrease with gradually lower price peaks and troughs.
The sweep down then pulled back up and bounced strongly upwards, creating a new high price peak to help EURUSD H1 continue the short-term upward price trend. Combined with the bullish breakout at D1 from the Inside bar, H1 EURUSD today is quite favorable for the idea of waiting to buy from the supports below.
💡 H1 trend: EURUSD up
Today's trading idea: Buy EURUSD.
💡 EURUSD: Analysis May 17EURUSD fell yesterday, bouncing down from the strong resistance above. However, the downward pressure on prices is not strong because yesterday's decrease bar D1 had a narrow amplitude and had a lower shadow, showing that there is still buying force pushing up. The D1 EURUSD chart structure is still accumulating sideways. Need a break above the current resistance for EURUSD D1 to reverse to an uptrend.
After the previous price push up, EURUSD H1 is having a pull back down. But with the dominant H1 chart structure being bullish, EURUSD H1 today can continue to wait to buy. Buying points include (1) waiting for an upward push to break the current small range and then retesting to buy, (2) being able to buy if the price drops deep to the lower support zone.
EURUSD Short Trade Setup A #short trade opportunity recently presented itself on the #eurodollar (#EURUSD) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 1.08939 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.06500 psychological level and possibly testing the strength of the 1.06443 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
Fundamental Analysis of the US Dollar
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm.
In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall.
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#EURUSD: Keeping NFP in mind| What you think? Price rejected at 1.07526 with stronger wick rejections, suggesting further drop in price is inevitable, alongside DXY failed to make major bearish correction. Currently, DXY is extremely bullish and it is likely to remain that way until friday where we will be having NFP(NON-FARM PAYROLL). Price can drop until our entry point at 1.05204 where in our opinion price can rebound strongly.
So what do you think about EURUSD.
💡 EURUSD: Analysis May 13EURUSD did not change much in the weekend session, the price is still testing the upper border of the falling price channel, the bearish structure is still valid, however the continuous testing of the 1.08 area shows that buying pressure is returning, Be careful with the possibility of the price breaking the structure, you need to maintain the profit taking point for long positions above 1.08, we will abandon this strategy when the price does not break this important resistance level. .
EURUSD Wednesday PlanHere you are a simple trading plan for tomorrow. It's pretty ambitious, but maybe it can help you finding good entries. This is how i works, i make plan, and if i have triggers, i'll open trades. Momentum is good and bullish for EURUSD and looking for shorts now it's pretty useless. I am waiting a retrace in the asian session, with a range in pre London. If we will have a range there, i will open if we will grab liquidity from the down side (long squeeze) and i will open a long trade around 1.07850 targeting 1.08650. Another trade can happen at the beginning of the NY session, where (if we are already up and above actual level) we can look for new longs around 1.08250. Same target
Here's the answer sheet for #EURUSDHello friends nice to meet you all hope you have a good day
#EURUSD
At other publish, We hit the target perfectly and took the WIN.
Next, I will guide you through the next view. FOCUS.
#EURUSD is showing an extended wave.
If the upper line of the wave is broken upward and the retest is successful,
It is open to rising to the recent high.