6E long position in cup with handle pattern Cup and Handle Pattern:
The chart exhibits a classic "Cup and Handle" formation. The "cup" forms from around July 2024 to March 2025, where the price dips to a low near 1.06250 (around October 2024) and then rises to a high near 1.13660 (March 2025), creating a U-shaped recovery.
The "handle" follows from March 2025 to May 2025, showing a slight consolidation or pullback, with the price dipping to around 1.13115 before breaking out.
Breakout:
The price breaks out of the handle around late May 2025, surpassing the previous high of 1.13660 and reaching approximately 1.14245. This breakout confirms the bullish continuation pattern.
Price Target:
The chart includes a projected price target box ranging from 1.13660 to 1.24815. The height of the cup (from the low of 1.06250 to the high of 1.13660, roughly 0.07410) is added to the breakout point (1.13660), giving a potential target around 1.21070, which aligns with the lower end of the target box.
Trendline and Support:
A descending trendline (drawn in red) from the March 2025 high is broken during the breakout, further confirming the bullish momentum.
The price finds support around the 1.13115 level during the handle formation, which aligns with the breakout confirmation.
Conclusion:
The chart displays a bullish Cup and Handle pattern with a confirmed breakout, suggesting potential upward movement toward the 1.21070–1.24815 range. However, traders should watch for volume confirmation and any macroeconomic factors affecting the Euro FX, as well as monitor for a possible retest of the breakout level around 1.13660.
M6EH2022 trade ideas
Mid-Week FOREX Forecast: Will The USD Remain Weak?In this video, we will update Sunday's forecasts mid-week, and look for valid setup for the rest of the week ahead. The following FX markets will be analyzed:
In this video, we will analyze the following FX Majors markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
The expected short term bearishness in the USD came, but will it continue for the rest of the week? Wait patiently for the market to tip its hand, and trade accordingly. Have a plan in place if the protected low at 99.172 holds or folds.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD - double scenario So I develop a strategy on 6E1! that I post to you. I identified a H&S that seems to have broken the neck with a bearish retest in the area of 1.14. Theoretically the daily left shoulder volumes are "decreasing" confirming a potential bearish H&S structure, furthermore we are under the POC bullish leg that was touched with the retest, the short scenario should be confirmed with the break of the micro support (under the retest candle) going to confirm a hypothesis of an ABC retracement of Elliott after an impulse with a target around 1.10, the POC area of the previous accumulation phase. The long scenario instead is more attributable to a triangle pattern with volume compression, any overcoming of the POC and the first resistance area around 1.14 with the break of the descending line should confirm this scenario with a potential target in the upper POC area around 1.20... Thank you in advance for any contribution to this analysis.
BUY The Major FX Pairs vs USD?? This is the FOREX Currency futures outlook for the week of May 12 - 16th.
In this video, we will analyze the following FX Majors markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
USD Index finally finished the move to the Daily -FVG, as forecasted last week. Now, will the resistance hold, sending prices lower? I thinking so.
Look to buy xxxUSD pairs. Sell USDxxx pairs.
Wait for valid setups. CPI Data on Tuesday, so be careful.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD: Potential Bearish Head and Shoulders Pattern FormingOn the daily chart, an interesting potential bearish head and shoulders formation is developing. If confirmed, it could lead to a downward move, completing a minor degree wave iv before resuming the broader uptrend.
I expect prices to retrace towards the 1.1204–1.1105 area.
Targeting 1.185: Strategies for Navigating Euro Volatility!A few thoughts on the results of the analysis of Friday's stock exchange reports on the euro/dollar pair
We noticed a portfolio that has entered the market with a target of 1.185, and only have 12 days until expiration. With the current volatility at 10.23, the future price at expiration is expected to be in the range of 1.0993 to 1.1849 — a 95% probability. Interesting, right?
Now, let’s consider two possible scenarios.
The first option : if the price is rapidly moving towards 1.185, it might be wise to think about selling the asset. Why? Because this price will act as a strong resistance level. Two reasons:
First , the expected price range is based on a mathematical formula and statistical data. Second , using leverage embedded in options that are deep out of the money (i.e., far from the current price) presents an excellent opportunity to create a synthetic short position without any risk, even if the market continues to move upward! Sounds unreal? Start learning about options, and a new world of opportunities will open up for you. Your perspective on risk and opportunities will change dramatically!
OK, now let's get back to the point of the post. The second option : if the price consolidates above 1.1436 on the futures, this could signal a buying opportunity.
Taking into account other factors (you can dig deeper using our website's data), the current sentiment is quite bullish and the continuation of the uptrend seems more likely than a correction.
Which path will you choose? Share your thoughts in the comments!
That’s where our market research comes in. Think of it as your “bias detector.” We’ve developed and use it daily to get a second opinion on trades. It’s like having a pro trader whisper, “Hey, this isn’t looking good— think twice.”.
P.S. No pressure, just a chance to trade smarter! No Valuable Data, No Edge!
EWTSU 6E1! subminuette wave v developping
Elliott Wave trade analysis
micro wave ((5)) of subminuette wave v developping
look at kennedy channels technique to monitor wave ((5)) of ((v))
confirmation: price break over 1.1470 and rise with a motive 5 waves pattern
invalidation: price break below area 1.1300
SHORT EURO Potential Drop in the Euro
Hello everyone, today I’m sharing my analysis on the Euro (EUR), as I see a potential drop in the short term. Below, I’ll outline the reasons behind my bearish bias and my entry strategy. Let’s dive in!
Why I’m Bearish on the Euro
Institutional and Retail Activity
My indicator shows a short-term increase in long contracts from retail traders, while institutional players are also selling. Although this isn’t an extreme reading, it’s actionable enough to take a position.
Open Interest
My open interest indicator also shows a clear trend of increasing short contracts, which supports my bearish outlook.
Valuation
My valuation indicator indicates a clear overvaluation of the Euro compared to the US Dollar and gold, suggesting a potential correction.
Technical Analysis
I’ve identified a key zone on the weekly timeframe using an indicator that highlights candles I call "Base" in my technical analysis strategy. These candles have a body smaller than 50% of their total range and tend to accumulate orders before an explosive move. Within this zone, I’m looking for an entry to anticipate the drop that my indicators are forecasting.
My Entry Strategy
I’ll be entering a short position in this identified zone, expecting the downward move my indicators are predicting. I’ll keep this idea updated as the price evolves, so stay tuned for more details.
Disclaimer
This is my personal analysis and does not constitute financial advice. Trading carries risks, so always conduct your own research and assess your risk tolerance before making decisions.
Institutional Supply Zones in Play: Will the Euro FX Rally Hold?Euro FX Futures is currently showing strong bullish momentum on the weekly timeframe, surging toward major supply zones that have historically triggered significant sell-offs. The chart reveals two key supply areas where institutional selling pressure has previously emerged. The first, more immediate zone represents a medium-term supply area that could attract profit-taking or initiate a pause in the current rally. The second, higher zone is a long-term supply area with even greater significance, marking the origin of strong bearish moves in the past. These zones are crucial in the current context, as they highlight potential turning points or consolidation phases as price approaches them.
The overall structure remains bullish, but as the market climbs into these well-defined supply regions, traders should be cautious and watch for any shift in momentum or early signs of distribution. These zones often act as magnets for liquidity and can become battlegrounds between buyers and sellers. Whether this bullish move powers through or reacts with a pullback will depend on how price behaves within these high-supply environments. For now, the market is in a strong phase of upside continuation, but strategic traders will be closely monitoring these zones for potential setups.
EURUSD – 60-Minute Chart AnalysisI'm currently anticipating further strength in the euro against the dollar, with the potential for an impulsive upward move targeting at least the 1.1312 level.
The current wave structure suggests a bullish count is still valid, provided that 1.0528 holds as support. A decisive break below this level would invalidate the bullish scenario, opening the door for renewed downside pressure, potentially driving price back below the 1.0205 area.
📌 Key Levels:
🔹 Bullish Target: 1.1312
🔻 Invalidation Level: 1.0528
⚠️ Bearish Continuation Below: 1.0205
As always, stay disciplined and manage risk accordingly.
EURUSD Weekly FOREX Forecast: BUY IT!In this video, we will analyze EURUSD and EUR Futures for the week of March 31 - April 4th. We'll determine the bias for the upcoming week, and look for the best potential setups.
The bias is bullish for now, but the April 2nd tariffs can flip the markets upside down. Be careful. Let the market tell you which direction it's going, and trade accordingly. Allow the markets to settle on a bias before you jump in.
NFP on Friday, btw.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.