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WHY EURUSD REMAINS A BULLISH BIASED TRADEWith 3 touches on the declining trendline, EURUSD has prepared itself for a fall and I'm expecting the pair to continue its bearish move as market opens Sunday night till Tuesday/ early Wednesday London Open. Looking at the monthly chart, April was bullish (with an inside-bar) ending a 3-month decline of the pair. May most likely will be bullish with an attempt for price to test 1.22000 or above with possibility of reversal at 1.21500 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt
EURUSD Long Opportunity, 1:12 AvailableGood morning ladies & gentlemen, EURUSD is primed for a long today. After consolidating sideways for multiple days, price has now presented us with a bullish buy structure anchoring off the H4 Bullish Orderblock. The Daily & H4 IoF is long, but the weekly is still a short. Therefore, I anticipate price to trade up to the final TP where I'll be looking for shorts from then onwards throughout all of May. With a bearish euro and a bullish dollar, this should accentuate a fall in euro after this final move to the upside has been made. First objective is the high of yesterday. Second objective is the high of the H4 range. Third objective is the D1 Bearish Orderblock in line with a fill of an imbalance that lies above. Bear in mind there is FOMC news today so there's a chance that price may spike around 7pm London Time, make sure you claim profits or exit most of your position by that time. Volatility can lead to slippage therefore your stop loss may not get filled during that time; hence, reducing your exposure when that time comes is key. Best of luck.
Long
by Jiraiya_eth
Eur/USD Head and Shoulders in Swing Trading Channel! 1051 pips!As we can see on the weekly chart, the current trend is marking a deep reversal determined by the rebound on the dynamic trendline of the upper edge of the channel, as well as by the "Head and Shoulders" pattern. It will take many days for the breakout to occur, but for lovers of Positioning Training, this is an opportunity not to be missed! After the breakout, prices should reach the 1.15972 level and then move towards the 1.18997 level and reverse. The first Target is fixed at the 1.11813 level, while if the downtrend continues we can expect a touch on the lower dynamic trendline of the channel, and then for safety fix our Target at level. 1.08162 approx. I recommend entering the breakout or as soon as possible for the right shoulder training. ***** They are not financial / operational advice but only personal ideas ***** Come possiamo osservare sul grafico settimanale, il trend in atto sta segnando una profonda inversione determinata dal rimbalzo sulla trendline dinamica del bordo superiore del canale, nonché dal pattern "Testa e spalle". Occorreranno molti giorni affinché avvenga il breakout, ma per gli amanti del Positioning Training, questa è un'occasione da non farsi scappare! Dopo il breakout i prezzi dovrebbero raggiungere il livello 1.15972 per poi andare verso il livello 1.18997 e invertire. Il primo Target risulta fissato sul livello 1.11813, mentre se il downtrend continuerà ci possiamo aspettare un tocco sulla trendline dimanica inferiore del canale, e quindi per sicurezza fissare il nostro Target al liv. 1.08162 circa. Consiglio di entrare a breakout o quanto prima della formazione della spalla destra. ***** Non sono consigli di finanza/operativi ma soltanto idee personali *****
Short
by selvaoscuras
3
EURUSD long- Structure not broken - Re-test OB yesterday - Above 1.20200 - Entry 0.79 fib - DXY bearish - Creating liquidity pool before aiming higher targets to fill imbalance completely, removing liquidity from today above TP That's my view. If I'm wrong, good, I will journal, learn a lesson and keep moving. If I'm right, good, I will bank profits, journal and keep moving. Trading is supposed to be boring and if you follow your rules to the T there will be no emotions involved. I only leave this trade after taking partials at the right time and protect BE leaving a runner to tp hit or sl BE hit. Risk management in place.
Long
by LegionWolf
2
EUR/USD, is the decline about to resume?The EUR/USD will soon resume its downward path. Prolonged periods of lockdown in Europe, due to growing fears of a third wave of Covid-19, weigh dramatically on the Eurozone’s growth expectations. There is a risk in another summer season of 'canceled' holidays, which will have a particularly serious impact on the economies of Southern Europe. Figure 1 (see link below) shows that the restrictions have been much stricter in most European countries than in the United States (according to the Stringency index), and this is leading to a large divergence of growth expectations. cdn.shopify.com In addition, we have also seen that the vaccination schedule is particularly slow in Europe amid slow regulatory approvals and uncertainty about deliveries. In the U.S.A, 40% of the population has already been vaccinated (with the first and second dose) in Europe, only 10%. Shortly I'll open a sell position on EUR/USD with my platform (see link below), which provides me with excellent conditions on this instrument, with a margin required to open our position of only 0.33%. cdn.shopify.com Below, you'll find information on how to follow me.
Short
by UnknownUnicorn8050589
STOP HUNT ALERT! Chart Awareness & EURUSD | 1.2020 is a hotspotI said two weeks ago we may get a trap move the first week of March. Keep in mind it is NFP this week as well. 1.2020 has been such an active spot over the last 30-60 days for EURUSD. Check my prior posts. At the moment I don't have a bias on EURUSD and I will most likely be sitting out today, I want to see more behavior from price. If I had to choose a side I am still bullish until 1.1980 breaks. I feel like what the market is presenting right now is a great opportunity to practice chart awareness. You'll see that we had a completed head & shoulders last week, it broke out, and quickly reversed. I think we are going to make a run for these trader's sl's. The pattern was very obvious so many traders were eager to go long. NOTE: These stop losses would be sell orders, since the breakout traders were long. If we hit these stop losses by Tuesday we will have a double top pattern forming, this will trigger more traders short...but don't forget NFP is around the corner. I think this could be a great opportunity for a market maker to buy up orders at a discounted price. The double top trades would also be SELL ORDERS I don't have enough money to move the market, so just because I think this is a good chance to buy, doesn't mean it is, I need to see the actual market markets get involved, I only attempt to mimic them. 1.1980-1.2020 is a buy zone I'm watching. IMPORTANT NOTE: February also broke Jan's low but failed to close below it on the monthly.
by elevatedinvestor
11
EURUSD- Still wants 1.2020 I believe- Looking for shortsToo busy trading to write the full analysis at the moment. But I'm looking for shorts to open the week on EURUSD for a few reasons. I'm looking for an imbalance from winter to get filled We have equal lows piling up just above it. Price is beginning to converge on itself which means the banks are building a position. We have a potential liquidity spike that went high, just to grab some orders, only to get reversed on quickly. The DXY looks bullish. 1.2020 has been my target since 1.2320 was hit. I think this level is a great target.
Short
by elevatedinvestor
2
TRADING IDEA: How To Possibly Short EURUSD On H4Posted earlier is a Weekly outlook of EURUSD. On a lower time frame however, the pair is showing high possibility of going lower. In the event that price rally up but got rejected below 1.22600, then the pair is likely going lower. A close above 1.22600 will indicate price momentum has changed to bullish even on H4; hence a long trade outlook begins. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Short
by BullBearMkt
1
Coast Now Cleared For EURUSD To Revert To Its Mean Or BelowWith Fibre unable to close above the closing level of Week 14/12/2020 at 1.22524 as posted last week (see below), the pair has finally indicates its weakness and ready to revert to its mean or below. Any short-term (H4) rally-up could possibly be a good short trade. However, the pair on the longer timeframe is still bullish!!! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Short
by BullBearMkt