EURUSD update Lux Algo Signals and Reversal ZoneEURUSD is not currently near enough to a reversal zone on the LuxAlgo to take a position unless you are a trend follower, then obviously short side
EURUSD.P trade ideas
EURUSD REVERSE THE TREND Technically:
EURUSD break the last lower high which means its trend reversal
EURUSD printing Bullish Divergence
EXY is Bullish
EUR/USD Analysis: Potential Bearish Continuation SetupIn this analysis, we’re looking at a potential bearish setup for the EUR/USD on the 15-minute timeframe. Here’s a closer look at the key elements of the chart and the rationale behind this bearish outlook.
1. Trendline Break Signals Bearish Shift The chart reveals an upward trendline that had been supporting price action over recent sessions. However, this trendline was decisively broken to the downside, suggesting that the previous bullish momentum may be fading. This trendline break is often an early sign of a shift in sentiment, indicating that sellers could be gaining control.
2. Identifying Supply Zones for a Potential Reversal Two supply zones have been identified on the chart, where we expect potential selling pressure if the price retraces to these levels. These zones represent areas where sellers could step in and push the price lower if the retracement brings the pair back to these resistance areas. Watching price action as it approaches these zones will be crucial.
3. Waiting for Bearish Confirmation Patterns To strengthen this bearish setup, we’re looking for specific candlestick patterns within the supply zones, namely an Evening Star or a Bearish Engulfing pattern. Both patterns indicate strong selling momentum and would act as confirmation that sellers are indeed stepping in. A sharp move downward from one of these patterns would provide an ideal entry signal for a short trade.
4. Projected Bearish Continuation If bearish patterns form within the highlighted supply zones, there’s a good probability of a continuation to the downside. The projected path, indicated by the downward arrow on the chart, suggests a move toward the lower support zone, near the 1.07915 level. This level serves as a key area of interest where price could find temporary support, making it a logical target for short positions.
5. Key Levels to Watch Currently, the price is hovering around the 1.08336 mark. If bearish patterns materialize and sellers continue to dominate, we could see a move towards the 1.07915 level. However, should price break above the supply zones without showing bearish patterns, it would invalidate this setup, and we’d reassess the outlook.
Conclusion In summary, this analysis outlines a bearish scenario for EUR/USD based on a trendline break, potential supply zones, and confirmation through bearish candlestick patterns. Waiting for confirmation within these supply zones is essential to avoid premature entries. If these signals align, the 1.07915 area presents an attractive target for a potential downside move.
EUR/USDFull Analysis of the EUR/USD Pair
1. Ascending Price Channel on the Daily Time Frame
An ascending price channel is visible on the daily time frame, indicating a strong positive trend in the market. This pattern reflects upward momentum and enhances the likelihood of the trend continuing. 📈
2. Strong Demand Areas
Strong demand areas have been identified on the chart, representing potential buying zones. If the price bounces from these areas, we may witness significant buying pressure that supports the upward movement. 💪
3. Appearance of a Harmonic Pattern
The presence of a harmonic pattern suggests good opportunities for upward movement, reinforcing confidence in the bullish trend. 🌟
4. Overbought Conditions in RSI and MACD
The overbought conditions in the RSI and MACD indicate a potential reversal. If the RSI is close to the 30 level (oversold) and the MACD shows divergence, this may be a strong signal to look for buying opportunities. 📊
Summary
Based on the analysis mentioned, it is advisable to look for buying opportunities at the specified support levels. ✨ Be sure to set clear stop-loss points and manage risk carefully to protect your capital. 🚀💰
EURUSD - INTRADAY IDEAThis EURUSD chart is according to the H1 timeframe - GOLDEN FIB ZONE ALONG WITH THE DEMAND.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Charts for next week.US Dollar retreated after posting solid gains in recent weeks.
Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations.
Markets remain almost fully pricing in a 25 bps cut by the Fed next week.
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rebounded intraday despite the weak jobs data as annual wage inflation rose to 4%, indicating that inflationary pressures remain elevated. In the meantime, markets remain almost fully expecting a 25 basis-point-cut by the Federal Reserve (Fed) next week. On the data front, ISM PMIs also came in mixed from September.
The DXY continues to trade sideways near 104.00. Despite persistent inflation, weak job growth data raises expectations of a less hawkish Fed stance, which might start to weaken the USD.
eurusdeurusd had made a nice rise after breaking and testing the falling channel. If it gets a reaction from the region that previously worked as a solid resistance, it will rise up to the wedge formation it made on the daily.
EURUSD. Selling opportunitiesHello traders and investors!
A detailed analysis of the currency pair can be found in the related post. A price drop to the 1.06011 level was expected.
Weekly Timeframe Analysis
On the weekly timeframe, the buyer's vector 7-8 is developing within the range. There was an attempt to resume buying from the buyer’s zone (green rectangle on the chart). The buyer’s bar with increased volume did not bring any results for the buyer: the bar’s closing price is within the seller’s bar with lower volume.
Daily Timeframe Analysis
On the daily timeframe, there was a manipulation of the level marking the beginning of the seller’s last impulse: a false breakout of the 1.08718 level aimed at gathering liquidity, followed by the price returning below the level. The buyer’s attack bar on this level has the highest volume among all buyer bars. The seller pushed the price back below the level, and a seller's zone was formed (red rectangle on the chart).
Summary
On the weekly timeframe, the buyer with increased volume failed to show results.
On the daily timeframe, there was a manipulation of the seller's last impulse level.
Priority: sales. Potential targets on the daily timeframe: 1.07821, 1.07612.
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSD View!!(MaceNews) – U.S. manufacturing activity was in contraction for a seventh straight month in October, and the pace of decline unexpectedly accelerated, as firms remain reluctant to invest in new capacity on concerns that federal fiscal policy could be inflationary whichever major party wins the Nov. 5 election, the latest monthly data from the Institute for Supply Management showed Friday.
EURUSD Trading JournalEURUSD Trading Journal
Weekly Summary
Bullish week in price delivery with exception of Friday. Price drawled to the clean equal highs and a SIBI from Oct 16 to rebalance. Could last week be a false break out in bias?
I anticipate for Price to complete the rebalancing of the noted Dally SIBI. On the daily range Price closed the week just dipping below the 50%.
With next week being the USA election it will be a good week to tape read and mark up charts.
EURUSD Trading JournalEURUSD Trading Journal
Weekly Summary
Bullish week in price delivery with exception of Friday. Price drawled to the clean equal highs and a SIBI from Oct 16 to rebalance. Could last week be a false break out in bias?
I anticipate for Price to complete the rebalancing of the noted Dally SIBI. On the daily range Price closed the week just dipping below the 50%.
With next week being the USA election it will be a good week to tape read and mark up charts.
EU Time FactorWaiting for the correction to play out, checking for bullish activity after 21 Oct reduces the risk and drawdown.
Be an expert at losing..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors.
Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading.
Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology.
~ OGwavetrader
EURUSD (62+ Pips)Price reached a high pivot, triggering a liquidity sweep as it took out stops above resistance. The next candle formed a bearish engulfing pattern, signaling a potential reversal. This setup suggests a short entry, with expectations of a downward move from this resistance level to support at 1.07700
EURUSD SELL SETUP !!Win or lose, everybody gets what they want from the market. Some people seem to like to lose, so they win by losing money.
The Euro is slightly declining, and a reversal is possible.Hello everyone,
Today, the EUR/USD exchange rate is trading around 1.08336 USD for each 1 EUR, showing a slight decrease compared to the previous session.
This decline is primarily driven by a strong recovery of the USD, supported by positive economic data from the U.S., indicating that the economy is stabilizing. The increase in U.S. government bond yields also contributes to the dollar's attractiveness, putting pressure on the Euro.
Although the exchange rate is currently declining, there is a possibility of a reversal. If U.S. economic data does not remain positive or if the ECB takes strong actions to support the Euro, this could push the EUR/USD rate higher. Additionally, geopolitical factors and uncertainties in policy could create higher demand for the Euro.
EURUSD shows early signs of trend reversal breaking trendlineEURUSD shows early signs of trend reversal with higher highs and higher lows
EurUsd Short Term Trade Using ICT MethodBearish Bias for the Short Term on the EurUsd. Want to see price retrace to at least the Order Block but my best entry will be at the FVG.
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
EURUSD 2025 bullish year.As we are officially in the last 2 months of the year, if you check EU on the beginning of each year, there is either continuation of trend or a trend is formed, 2025 I am most likely bullish according to higher timeframe analysis.
Please do your own analysis as I'm not a financial advisor.
Good trading guys...
