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Eurusdtrend

EURUSD - Wait for a long position ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.09000. Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales in USA. If the result is negative for USD it will support the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
Short
by ShrewdCatfx
5
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU? 0:0 Monthly timeframe 1:03 Weekly timeframe 2:59 Daily timefraem & CPI talks 6:20 Simplify your T.A. 7:26 4hr timeframe 9:53 1hr timeframe Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower. When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
Short
by ShrewdCatfx
4
Impending [CPI] Volatility 🏁 Cut L's Short and Let profits run!Okay everyone, buckle up your seat belts! 0:0 Federal reserve goals for inflation & Monthly timeframe 2:15 Weekly timefraem 3:17 Daily timeframe 5:09 4hr timeframe 9:45 Careful with CPi, it can move hard! 10:00 1hr timeframe The time has come for August CPI and it's also a special occasion🦁. This is the first report in over a year in which inflation is expected to increase in the CPI Y/Y. Looking back into history, it is shown that inflation doesn't come down in a linear fashion. This signals that the fed will have to hold interest rates higher for longer to reign in spending. The federal reserves goal is to achieve a 2.0% CPI Y/Y . The CPI Y/Y is expected to increase from 3.0% Y/Y to 3.3% Y/Y. If the CPI is less than 3.0% Y/Y like 2.9% for example then we can observe the fed moving closer to it's goal and should see risk on assets be favored and consequently safe haven assets like the USD decrease in value. Thus, pumping up EU towards 1.108 Daily resistance zone. I like this since the price has been doing what I thought it would do all week and is moving as accordingly for my analysis. With all this said, I could be wrong as we may see inflation not only increase, but increase more than expected thus seeing a price dump on EU towards 1.09 weekly support level. Only trade with money you can afford to lose and Tbh I didn't trade news for the first 2 years. I sat on the sidelines and there is nothing wrong with that. See you in the next vidoe and thanks for reading this far!
Long
by ShrewdCatfx
Ranging as we await ⏳ [CPI] VolatilityHello everyone welcome back to another video. Not expecting much prior to CPI on thursday! 0:0 Monthly timeframe 1:18 Weekly timeframe 3:32 Daily timeframe 6:15 4hr timeframe 8:05 1hr timeframe Just ranging until then between our Daily resistance level 1.1008 and 1.093 Daily support level, in which we bounced off of today and I was taking buys, unfortunately to no avail. You can be right abut the direction but still lose. That's the tough part of trading and it can be frustrating but risk management and a focus on trading psychology always come first to protect much valued capital. Price in the meantime may pop it's head up to 1.0986 1hr resistance zone or push back to the highs of our range. I am favoring an increase on EURUSD with CPI data on thursday and would prefer to see EURUSD hold to the lows of structure around 1.0951 1hr zone and 1.0937 daily support zone while gathering sell side liquidity prior to a launch with CPI back towards 1.108 Daily resistance level. I will not be closed off to longs if we are back at the highs of structure though prior to CPI.
Long
by ShrewdCatfx
1
Return to the lows prior to Inflation data 🧐Thanks for reading this! Really enjoy doing these vidoes. 0:0 Monthly timeframe 1:33 Daily timeframe 3:42 Daily timeframe 7:12 4hr timeframe 9:22 1hr timeframe 3:35 Bias My Idea for for this week : with our quite, no news market conditions through the first 3 daily candles of the week, I can observe a decrease towards 1.09373 Daily support level or a tap into 1.09 weekly support. When U.S. Dollar CPI arrives on thursday, and it is expected to increase, I can visualize a blast off in favor of the EUR. Now, increasing inflation is technically not good for the USD and the federal reserves goals. The market often doesn't do what it's supposed to do. I'm favoring this idea. The opposite would be an increase to the highs of our range near 1.10236 weekly level and 1.1036 4hr resistance zone prior to CPI.. and then a consequential dump in favor of the USD. Either way we must remain flexible with our bias and let the market lead.
Short
by ShrewdCatfx
Momentum is Heavy here 👹, But.. We are dropping ! Buy the USD, Buy the USD before there is no more! Buy expensive and chase the market. Hold up! Often times the market will punish those market participants that chase rather than being disciplined like a hunting lion. It stalks and plans and thereby decreases it's risk of not eating. I've learned that trading is more about psychology than anything else. Observing price action can clue you on the next move if you ask why would I buy here? Why would I sell here? who's selling here? Unemployment claims data and Manufacturing data tomrrow will only act as either a catalyst to continue dropping towards 1.09 or pullback towards 1.099 4hr resistance zone. Either way I'm going to be adaptable as a scalper. This is one thing of my strengths.. flexibility . I've anticpating a drop into 1.09 weekly support level since the beginning of the week. I'm publishing a long analysis here because we are currently about 20 Pips from where I'm anticpating a short term turning point in the market. market participants are buying the rumor with ADP which is estimated data. I'm anticpating that with NFP market particpants with Sell the news and thus the USD thereby pushing Eurusd up in favor of the Eur. 1.09 may orchestrate that turning point for us. If we happen to completely ignore 1.09 level, then we are headed to 4hr support 1.088.
Long
by ShrewdCatfx
4
[ USD ] Buy the Rumor ADP & Sell the News NFP ☎️ / EurusdWelcome back to another Video Analysis! 0:0 Monthly timeframe 0:58 Weekly timeframe 2:23 Daily timeframe 5:43 4hr timeframe 8:57 1hr timeframe The Weekly candle pulls back up to end the week with a Sell USD NFP news play after seeing Buy the rumor ADP estimated news! Or The Weekly candle continues it's trajectory despite missed USD manufacturing data that simply created a short term pullback. The Market can do whatever it wants and so flexibility is rewarded. Be like water, and refrain from being rigid in your approach. Be proactive and enter the market where you don't want to. Hold your winners because why would you settle for 4 when you can sit on yours hands and get 8. I see this in video games as well at times when players settle for alot less than they could've aquired. It's a shame to see and I always shake my head. Going to be tough to get ahead liked that. Anyways, looking for 1.098 and 1.10 with NFP in 7 hours. This is not to say that we may pullback to our extreme of structure and Daily support 1.09383. If Price is acting funny, we could drop back below Daily support and head towards the lows of the range at 1.092 and officially tap into 1.09 Weekly support level
Long
by ShrewdCatfx
3
EURUSD: One-way movements before NF and the influence of USDEUR/USD is recovering from its lowest level since July 07, finding support from a descending trendline that has been in place for three weeks. As of early Thursday, the currency pair is hovering around 1.0940. This bounce can be attributed to the oversold RSI (14) line, as well as market sentiment regarding inflation and employment data from both the Eurozone and the US. Additionally, a stronger S&P500 Futures and a decrease in Treasury bond yields have contributed to a consolidation of recent losses for EUR/USD. Possibility to keep dropping in multi-frame 1D
Short
by Sphyn-Trader
Lower Prices of structure 🤔 / EurusdUSD strength appears persistent as we move into the 3rd daily candle of the week. Manufacturing data was released and was worse than expectations. Eurusd duly corrected up in favor of the EUR +16 pips initially before price climbed +45 pips through the daily candle transition. This is unusual for a move to occur like this during the 1st hour of trading during the new daily candle. Price climbed to within 4 pips of our weekly resistance level 1.1024. As spreads calmed down, Eurusd has only seen sell pressure correcting down in favor of our bear trend by 35 pips at this point 1.0983 currently. This is alot of volume during asian session and so I'm anticpating a wild upcoming london and NY sessions. We have ADP , estimated employment data tomorrow during NY which may act as a catalyst to drop back towards 1.09488. 1.0948 4hr zone is playing a key role this week and will likely ultimately determine our direction with NFP at the end of the week. It is important to note that price bounced from our daily support level today 1.09765. This bounce coincided with missed expectations USD manufacturing data. what a coincidence ! I like the engulfing candle that we observed during asian session and this sways me to favoring a continued range as we move into major employment data on Friday.
Long
by ShrewdCatfx