Long
6E1! trade ideas
Coming sell in EUR. Explained Early this week the market can test 1.1630 and later bounce for a few days to form a signal for sellers. There is no need to hurry and pick up a trade now. Let the market do its thing and form some pattern to get clear entry with a good risk/reward ratio. The main reason for potential weakness is the bullish setup in DXY. I made a post about it. Below you can see a summary of DXY analysis
We have discussed previously a potential rally in the American dollar. Now we are getting really close to the potential entry. However, accumulation is weak. That means it will take another week or two to get a signal. Accumulation builds momentum. That’s why it is so important. We have very strong fundamental setup for DXY rally:
COT – commercials are heavily long
Evaluation model – the dollar is undervalued
COTSI Index – very high
Intermarket forecast – upside.
We need a technical signal to confirm the coming rally. It always takes some time to get one once we have a fundamental setup. So, likely we will see a bit more of a rally coming in a few sessions, followed by a pullback. It will give the dollar enough time to build momentum and form a signal to go long.
6E Day TradeMean reversion day trade on the 6E. Entry @ 118015; Exit 118095. I expect that price will come back to 118500
Back to downtrendMy previous idea from 28.05 worked perfectly, but now it's time to change the side. Here you can clearly see a very strong downtrend and a potential resistance level somewhere around 1.18-1.19. So, I would recommend shorting from these levels. BUT, since DXY index is still going down and in general there are no signs of a reversal yet, I would wait until DXY hits 92-93 and then open short on EUR/USD. SL 1.20, TP 1.14-1.12-1.09.
EURO WILL PROBABLY BREAK THE HISTORICAL RESISTANCESWe notice that the EURO on its monthly chart is bullish and is trying to break the historical resistances.
The Bulls are determined as we can see a big green monthly candle approaching the intersection of the resistances.
There is a high probability for the EURO to break the resistances, probably come back to make a pullback on it and go higher to reach the historical peaks.
I recommend to buy EURO ONLY AFTER BREAKING THE RESISTANCES.
TRADE 6E EUR/USD FUTURE AT RECTANGLE BREAKOUTI recommend to trade the EUR/USD FUTURES (or FOREX) at the rectangle breakout.
Sell 6E EURUSD Futures or FOREXThe market is making a pullback on the red resistance. If the market doesn't go back higher, sell EURO.
THE TARGET IS THE YELLOW SUPPORT
euro FX FUTURES MONTHLY ANALYSIS Hi friends
the monthly chart of this market shows that it will experience an uptrend in the coming months with the vigilance of the change towards the opposite direction
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M6E1 is valid for entry - M6E1 est valable pour l'entrée
Hello, M6E1 is now in oblique resistance and will not rise in tangible rise and does not cross the oblique resistance barrier and is now buyable when the green resistance is broken and we will make a profit when the yellow resistance is broken and then you can sell and nappy on your profits or wait for what will urge
Note: selling at the red candle that breaks the green resistance
Bonjour, M6E1 est maintenant en résistance oblique et ne montera pas en hausse tangible et ne franchira pas la barrière de résistance oblique et est maintenant achetable lorsque la résistance verte est cassée et nous ferons un profit lorsque la résistance jaune sera cassée et vous pourrez alors vendre et couchez sur vos bénéfices ou attendez ce qui vous incitera
Remarque: vendre à la bougie rouge qui brise la résistance verte
EURUSD (6E1!)6E1! FU
Short: Target 1,11250
Wave (I) (within monthly timeframe) has completed. Awaiting abc correction to place wave (II) and afterwards long-long-long from EMA200D
It's time to choose your side.Two trends, one choice. I will choose an uptrend for now, as the risks will be slightly less. Buy @ 1.09-1.1, TP 1.5-1.8, SL 1.07.
LONG EUR/USDI see a macro scale trend reversal pattern in my charting. I see a re-test of a consolidation pattern, and it appears that volume is rising. Looking to confirm this reversal trend with continued volume. I want the volume to break the former trend line support.
EUR is setting for declineSome time ago we have talked about EUR COT reports. Swing traders should focus on taking sell signals. Commercials are short this market, while retailers are heavily buying. We saw almost the same in 2018 before a big decline in EUR. I believe the story repeats. However, we don’t have a good entry yet. I have a feeling price will make false breakup before the trend starts. But the market doesn’t have to follow my feelings )) Besides, the evaluation index shows EUR is overvalued. Short-term traders can continue to trade in the range with tight stop loss. But our main focus is on taking sell signals, like swing failure, etc. Many data will be released the coming week, including retail sales, Empire State, Philadelphia Fed, and June University of Michigan consumer sentiment reports scheduled along with the Federal Reserve’s Beige Book. Possibly it will be driving power to break out of the range. We have to monitor COVID cases in the USA and government response to it. At the moment it is one of the most important fundamental factors for the American dollar and it will have an impact on EUR.
BUY EUR/USD FUTURE OR EUR/USD FOREXEURUSD is strongly bullish now. I recommend to buy and watchh the resistance lines as targets
EURO FUTURE TO ANALYSE EUR/USD FX- OPPORTUNITY LONG - 6E!-240MNFrom the history of the 6E! Euro Future which can be used to analyse also the EUR/USD (FX), we can see that there is a strong probability to see the market pushing up to break the lines as it is entering in a very high pressure zone.
The horizontal blue line is a very strong support, very hard to break. We have seen several attempts to brake the blue line with very huge volumes. All Failed!
However, there is a grey horizontal line which shows an hypothetical support under the horizontal blue line.
Potential probable high profits for entry when the market will break the lines and exit this current pattern.
Beware of possible pullback on the top red thick resistance line marked by the green arrow.
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Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.
EUR/USD FUTURES : BEARISH TRIANGLEThere is a high probability to break the triangle from below and touch the YELLOW SUPPORT.
Short ONLY AFTER BREAKOUT.
EURUSD | H4 overviewHello traders! Since the price crossed the critical level of 1.1281 for the previous scenario, so I switched to an alternative count. From 1.1202 to 1.1293, a bullish impulse probably formed. It is possible that wave {ii} was completed at 1.1202. If this idea is correct, we will see growth with the breakdown of channels.
EURUSD may decline | H4 overviewHello Traders! It is possible that wave (b) of {ii} was completed in the form of a barrier triangle. Wave (b) rolled back wave (a) by 0.382. I think that the wave (c) of {ii} has now begun to develop. Since two diagonals in one zigzag are rare, I expect to see a wave (c) as a impulse. I have two goals derived from the ratio: (c) = (a), (c) = 0.618 (a). You can see them on the chart. If the price goes up and crosses 1.1281, then I will switch to an alternative calculation of waves with the continuation of the development of wave (b), or the idea in which the second wave takes the form of a sideways correction.
