FCEU1! trade ideas
EURUSD - possible near end of wave 5Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4.
If this area is defended the market may retrace back as potential wave A in a larger corrective movement. Then the first theoretical target may be located at the lower limit within the channel or even at the low of wave 4.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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6E FUTURES WEEKLY ANALYSISHi friends
the weekly chart shows that after the resistance breakout at 1.21120 the next target level will be 1.39220 with a high probability
Feeding Frenzy 8 AMThis pattern first started once a week in November and has slowly developed into every other day, retail longs on the extended Euro Dollar have been pumping liquidity to short sellers. The following day usually has a nice pump and the lower lows and higher highs as the "uptrend" continues. Now that stimulus has passed I believe that more big sellers will begin to step into the market and price will correct on EURUSD. I noticed this pattern when looking at OBV and the negative divergence shows that this floating to higher prices can only go on for so long before someone hits the kill switch. Something else to note is the correlation between the S&P 500 and the DXY index. They are inverse, and all that it might take for a correction of the Euro Futures is bad week for the S&P.
Potential top for EURUSD for a longer timeNice intersection of important lines suggest the uptrend is over.
(The chart is EUR futures)
the euro against dollar shows great potential to go higher The euro against dollar shows great potential to go higher in the next few weeks with a probability of 80 percent
Will be successfulThere will be a bullish in the EURO FX FUTURE , so the purchases will be successful
TRADE IDEA: /6E JANUARY 8TH 1.195/1.2 LONG PUT VERTICALMetrics:
Max Profit: 337.50
Max Loss: 287.50
Break Even: 1.1977
Notes: A bearish assumption directional shot at resistance. Alternatively, FXE January 15th 111/113 long put vertical, 1.05 max profit, .95 debit/max loss, break even 112.05 vs. 112.13 spot (although it's trading above that pre-market).
Euro Futures Week of 11/23/20: Short the 8hr H&S. Above 1.1826 🡪 1.1897 (confident that 1.1897 is a short; 13 year resistance)
Sustained above 1.1897 is super bullish
Below 1.1826 🡪 1.1787 🡪 1.1610
Short the 8hr H&S.
Euro SHORTThe circle is the first evidence of a downtrend. After that, there was a second move, breaking down the green trend line, and the rising wedge, which is a typical bearish pattern, has emerged. In the short term, I try to approach it from the point of view of SHORT.
a buying opportunity on 6E1! , signal buy Euro fx futures in this market we have broken the VWAP indicator with force combined with a significant volume plus the market has a spring effect on the VWAP, means a very important buying opportunity towards the TP
a buying opportunity on 6E1!, Euro fx futures signal buy the market will experience an upward trend if we break the green resistance line, so we have a high probability of gain in the market combined with the breakout of the vwap indicator
signal buy
I recommend buying the Euro immediately after the market opens I recommend buying the Euro immediately after the market opens in Europe tomorrow: the target is $ 1.20000
6E! Next support is very importantAs known this week of US election, shall rick an impact on the market, starting with EURUSD.
The next step around 1.156usd shall be a signal to a new tendance to keep an eye on.
Yet the market can bring surprises. It's time to keep close watch
Eurusd searching for fair value Euro is taking the weekly Vwap seriously, lack of stimulus in US strenthing dollar this week, Brexit talks. Eur in an almost 300 pip range.
