EU 4hr candle will pull up to the 50MA and continue DOWN EU has crossed over the 1hr 50MA now headed to the 4hr 50MA where we believe it will be rejected.
Eushort
EU bounce and Fall to the daily supportEU is at cross road reaching the 1.088 support. We are expecting a bounce and then a fall to the daily support line at 1.078. EU has reached 1.12 and tried to break that zone for weeks and won't be satisfied until it resets down to the daily support.
EURUSD Analysis (1st May 2024)
Market Analysis PT2/2 (1st May 2024)
EURUSD Analysis
On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from.
Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute timeframe to look for a bearish Change of character for some potential A+ sell set ups to continue to bearish momentum.
P.S. : There is EURO Bank holiday today, so do expect smaller volatility in the markets, but yet again the markets are unpredictable. Lets see what london brings us🐳
EU D Bearish Idea 3/17/24There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit.
On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on the monthly, plus if you FIB the last bearish swing on the monthly price is at the 50% area of that FIB.
Last week printed a M on the daily & broke the neckline. Looking for the retest of the neckline and price to continue bearish. If price engulfs bullish I will adjust and look for buys
EUR/USD Bearish outlook and potential sells from 1.08200My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling to sustain this trend, as my bias for this pair remains bearish.
While there's a similarity between EU and GU, EU is already within the demand zone, where I expect a bullish response, unlike GU. Therefore, I anticipate GU to rise before a drop, similar to this pair. It's worth noting that immediate buys might not be ideal, especially considering Monday's bank holiday for EUR.
Confluences for EU Sells are as follows:
- Price broke structure again on the higher time frames.
- Overall market trend is bearish so this aligns with the overall bias.
- Two new supply zones emerged near current price in which we can expect a bearish reaction to take place.
- Lots of liquidity still left to the downside that needs to be taken in the form of asian lows.
- Price might currently undergo a retracement back to an area of supply as its in a demand right now.
P.S. It wouldn't be unexpected if the price continues its ascent and reaches the 4-hour demand zone adjacent to the imbalance, a significant area I'm closely monitoring. However, I am anticipating a bearish descent from the recently established supply levels.
Have a great trading week guys!
EU short position setupWe have CHoCH in 4H TF followed by series of BOS in 1H TF. I think there are two scenarios: 1- we would have a pull back to 1H TF OB and then go down. 2- we would touch the 4H TF OB by a wick and then go down.
In any case, for an extra confirmation, it's better to wait for a CHoCH in lower TF after we've reached to any of these two areas.
Let see what will happen.
Good luck.
🔴EU continuos to show signs of bearish market 🔴After some back and forth price action, EU continuos to show news signs of bearish market from previous weeks. Expectations are on the charts, use lower timeframes and your entry confirmations to find bearish entries.
SELL SIGNAL EUR/USD SHORTEU had a big bearish move from the daily order block coming to tomorrow i would be looking for sells only from the 1h order block if we respect it or little bit above
EU 4H analysis. Overall looking for longs.This is more a me predicting how price is going to move so if anything changes or doesn't go how I'm expecting I will update the analysis.
Right now I'm expecting price to break above which will create an inducement zone. Once that's taken out and we see a bearish choch we can expect the 4H to give us a pull back before the internal switches bullish. You can take shorts in the mean time only targeting weak internal structure.
Once we have a bullish choch on the 4H I will be looking for lower timeframe confirmation on the 15min to get long targeting the weak 4H taking partials and eventually hitting the overall target being the weak Daily high
NB: The previous bearish BOSs did not have internal structure because of what price showed on the Daily. This is more advanced multi-timeframe analysis so I wont go into the details. If you would like to understand let me know and I'll prepare a tutorial over the weekend
EU at extreme 4H supply, but no shorts confirmedEU is reacting off of a previously unmitigated zone which caused the pullback. Although we are bearish on the 4H swing there is a good chance we can break above it because of where we are reacting from. If price does not give a bearish choch Then I will not be shorting EU. I will update my analysis with a video as there is a lot to explain if we break above the 4H swing zone
Bullish Bias on EUR/USD: 4-Hour CHoCHEUR/USD has experienced a change in character on the 4-hour timeframe, indicating a potential pullback down for further continuation up, suggesting a shift in bias to the upside. The price has recently exhibited a bullish sentiment, and traders may now be looking for buying opportunities in anticipation of an upward move.
On the 4-hour chart, the market has shown signs of strength, with higher highs and higher lows forming, suggesting a potential uptrend. The recent change in character, which indicates a potential pullback down, could be seen as a buying opportunity for traders looking to capitalize on the bullish momentum.
Traders may be watching for a pullback or a retest of a key support level or potential buys once the market changes character in the smaller timeframe at the 50-78% retracement zone of this newfound swing to the upside. on the 4-hour timeframe. This could be a potential entry point for a long position, with a stop-loss order placed below the recent swing low to manage risk. The target for this trade could be towards the previous swing high or a resistance level, indicating a potential upward move.
It is important to consider other factors such as market conditions, news events, and overall trend direction to confirm the bullish bias. Traders should also use proper risk management techniques, such as setting appropriate stop-loss levels and managing position size, to protect against potential losses.
As always, monitoring the price action and being flexible with the trading plan is essential. Traders should be prepared for potential market reversals or unexpected price movements and adjust their strategies accordingly.
In summary, the 4-hour timeframe on EUR/USD has exhibited a change in character, indicating a potential pullback down for further continuation up, suggesting a bullish bias. Traders may be looking for buying opportunities, with proper risk management in place, in anticipation of an upward move. Monitoring the price action and considering other market factors can help traders make informed trading decisions
Yesterday's sells;
Today anticipation move;
Possible play for today and tomorrow before the news;
Wave pattern for this trend;
EURUSD SHORTBeen holding a trade in EU since 1st march had some LTF entries aswell 2 close in wins and 2 loss 1% risk each and the main trade is still running from 1 march.
Today im looking at another LTF entry in the 15min chart
EU50 1HNice divergence indicating EU50 is likely to reverse to the downside.
Risk/Reward Ratio on the chart is 3/1
SolarFX
EURUSD update From my previous Post on my EURUSD set up as you can see we almost made our TP although we made some amazing pips even though the market is not fully operational
In this set up i was able to see the Elliot wake formation and capitalize on it bringing out the new entry on the last wave then i'll be looking to see what happens next stay tuned for more
follow me for more set up
EU analysisEURUSD update from my past setup EU has been really slow these past few weeks making only slight major moves but i hope to see some really nice moves in the coming week because i see a lot of liquidity been taken at the current high and there is a nice resistance i personally like EURUSD will be more like a very good study for me during this week probably till the third week of January but i'll be on the look out for any comfortable opportunity and mark it all up
EURUSD shortQuick short
For around 25pips
High rrr
Should go down but overall market is bullish so long term long
My EU Analysis for the week of OCT. 31, 2022This presentation is my personal analysis of EU and my thoughts of where I see price going in the short term. I tough on key levels where price should have high levels of sensitivity, seeking lower prices. Have a nice trading week. Bless.
EUR/USD weekly price anticipationEUR/USD finaly broke out of the consolidation. Not only that, it also took out some sellers. What now?
I believe it's to early to jump to conclusions, BUT... I do prefer shorts at the moment, since there is not enough bullish volume for my taste. If we do se buyers coming in to the market, and signs of trend reversal with that... we might just shift to longs within the next couple weeks.
In the meantime, I'm waiting for some nice areas of SUPPLY to search for shorts!
*PROTECT YOUR CAPITAL GUYS!*
EU SHORT Failure to break the resistance.As we've seen, eu has failed to break its resistance points, the two peaks of the first two highlighted circles. I haven't actually opened this trade, as I'm finishing for the day!
EURUSD - SELL OPPORTUNITYLooking to execute SELL on EU around SELL AREA and targeting a potential 60PIP around PROFIT AREA
- Entry will be executed on signs of reversal using strict accuracy based strategy
***Apply risk management at all times***to what suits your trading style accordingly***
Trade Safe!
EU short ideaIll be looking for a potential sell from an unmitigated 20min OB to take out the liquidity. Will look for confirmations on lower timeframe
EURUSD Short Before FOMCDepending on the position before the FOMC release I'd partial and then move SL to BE. If taken out of the trade immediately I will look to re-enter if the reaction is appropriate.
liaay
EURUSD SHORT POTENTIAL NEW YORK SESSIONPrice action is consolidating nicely. I had entry long today however i never got tagged in. I will wait for price action to hit my poi of and wait for a 15min bos. There is alot of liquidity to the left that price action push up and swipe. WE are still bearish on the 4hr. Lets see what new york brings. Trade safe.
