eur indexthat is why we are expecting eur strength , and that is eur index look like it is the time for eur pairs (,eurusd,eurcad,eurchf ,eurjpy ) , hope you all a brilliant trades .stay safe
M6E1! trade ideas
Back to long-term downtrendVery strong downtrend on monthly+what FED just did, I think it's crystal clear that we will follow downtrend for at least a couple of months. Short @ 1.2, TP 1.17-1.16-1.12, SL 1.225.
6E EURUSD Possible Areas of OpportunityIn the chart published, the marked area with a green box is a great area to look for long opportunities as long as price shows us a confirmation for a trade. It is rather a big zone so lowering to the smaller timeframes would be wise in order to get a better entry. 1hr must first form bullish market structure or reject multiple times the marked area in order for a trade to be considered. Good luck on your trading.
EU commenced new swing Still short @ 1.1540 just before the breakoout, however a new swing has started so wee will be tageting P4 but watch out for a possible fail at the 1/2 or 5/8 area. The 5/8 area has an old low that could offer support around 1.1180. Anyway be safe and wish you the best in this upcoming trade.
Long EU FuturesAfter taking a small loss on my last trade, this opportunity appeared. Noting that 1520 was unlikely to be penetrated based on point & figure charts and a bullish divergence bar on the 30m TF, I went long at 1.1526.
Hopefully this turns out better as I start the week up 51 pips and will continue to hold for the rest of the week until 1.1700 is tested.
EU Futures long Went long at 1.1640 with projected move to 1.1735 which is also the 50% reaction point on the weekly
EU futures short target 1.1287Failed for two weeks to counter trend at 33% area Sold out longs and went short as per chart
6E analyse in 30 minThe squize candle touch the support area and go Up. this a powerfull support area.
6E Analyse on 30min6E is on the powerfull Up trend this day, will be stop and go down on the support area to go Up again.
EURO FX 150% level reachedNormally you can expect 200% from a double top but in this case confirmation came in at 150%. A test of 50% is needed shoulld the downtrend want to remain in place.
Euro 6E - Breakout
I'm sure the Europeans will be excited to wake up and see the the Euro is out of the basement.
Of course makes sense that this would happen while they're all sleeping. Thanks Asian session buyer?!
Down channel is now broken.
After pausing at a Point of Control (not viewable 6 hr chart) - its picked up steam and heading to towards this POC only viewable on 6 hour + chart. Which is also at the .382 Fib.
This is the easy target - as these things go, they always go further than you could expect so moving up to the High Volume Node is not out of the question sitting at $1.17490.
This is a good spot for rejection - as its median price on this chart.
There is higher target higher at 1.17980 - that seems far off. But hey you never know, bias doesn't help much in trading.
This last move has been quick and sneaky.
CME:6E1!
LONG TERM ACCUMULATION ON EUR USDMay '22 bottom around .12xx, March '23 top of triangle then breakout to tgt...if you don't mind to roll over...:-))
We keep short in 6E - Weekly chatHello Traders
In the absence of today's close to analyze volume. the euro/dollar future is still short, at least that is the information that the volume indicator says.
The fast volume indicator just gave a short signal, also the slow volume indicator confirms the short trend.
If the price closes below the 38.2% fibo there is a good chance that it will go for the 50% fibo, exactly 1.15.
Keep it simple and mechanical
Have a good day!!
H-C-H Looking for Short, Short, ShortHi Everyone,
Waiting for a Break-out.
No comment!!!
Good Bye and Good Trading!!!
New trading strategy upgrade - EUREasy buy for EUR next week. Let's see how my plan works for a long swing trading opportunities ! Please set up your SL, once it works I would spread my cost in at least 3 buys to start swing trading.
Euro Futures: Intraday within a risen ChannelSeems it is the End Of Consolidation based on the current market structure and context. So Aim For 1.186
EURO - What just Happened?
The overnight Comex Futures market just watched 4 Billion worth of Gold Contracts get liquidated, in a low liquidity market causing a Flash Crash. This was 24000 Gold Contracts. You can read about that in the attached chart at the bottom.
So what happened? The US Dollar Index (DXY) spiked blue on chart. This caused the price of Gold to go down, as well as the EURO. Incidentally 58% on the DXY is made up of the EURO (so it went down).
So all the buyers that bought the EURO and Gold, Silver Friday after the drop caused by positive Non-Farm Payrolls just got cleaned out. This is predictable - frankly the last place you want to be is where everyone else is. The banks (Market Movers) see the orders and just take them away, then go the direction you expect.
In this case you can see the high volume node which is also a 50% retracement - so this does make for a decent long.
All things being equal these contacts in EURO have been purchased (at lower prices) so the expectation is both Gold/EURO will head higher.
New trading Strategy upgrade - EUROHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.
Sell on m5-m15 chart then ready to buy when euro have a new lower low on h1 and d1 chart.
New trading Strategy upgrade -EUR is turning to upward in H1 time frame now, let's see how it go up this week!
Long Euro - Update
The other day I posted a 12 hour chart showing the clear divergence between the price and the RSI.
While this remains true when I zoomed out to the daily chart looking for ideal entry - I noticed a larger structure.
This will allow for a double bottom - I suspect that we will spend a few days on the lower trendline testing it.
If it holds at around 1.16800 - I will be taking a long from there.
Right now buyers are lining up at 1.17800 there is 'line in the sand', looking this chart they will get stopped out.
Perhaps this will end up looking like a Gartley or Cypher - but for simplicity I've drawn a couple of triangles.
