EURUSDWe are waiting for a correction to the area that we have identified, and then a rise to the targets that we have identified, and we see that the Euro/Dollar waves are rising due to breaking the trend.
EURUSD trade ideas
EURUSD : Another clueAs we all can see, the price needs to break BELOW the BULLISH line that stretches back to 10/2023.
For that to happen, we need US10Y to drop aka some panic in the market - which would likely drive up demand for $.
I am waiting for price to touch the YELLOW line and see what happens.
Good luck :-)
p/s : as you all know, I do not belief in 'trendline'!!!
EURUSDYou can take entry in EURUSD from these Areas
sl and Tp are mention
Follow the Risk Managemnet
15m TF
Smart money concept.If the trade to my entry point i will take short considering
1.1H and 15m uptrend
2.liqiudity and counter trend in 5m timeframe
EURUSD Multi Timeframe Analysis 31.10.2024This is the last Multi Timeframe Analysis I publish
15m Swing Bullish Internal Bearish
Quick shorts valid from current supply
4H Swing still bearish but I prefer following the strong bullish momentum after sweeping the daily low
Can not see much 15m demand to take longs. Price might create new internal structure and demand zones to take longs.
EUR/USD: Opportunity to profit from resistance!Hello all dear traders!
After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day.
This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD.
From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges.
Wishing you all a successful and profitable trading day!
EURUSD : Will it continue to increase or decrease again ?EURUSD is currently in a correction phase following an extended period of decline. The pair has reached a support zone near 1.0789, sparking some potential for a rebound.
From a bullish perspective, we might see EURUSD target key levels at 1.091 and possibly even reach the resistance at 1.096.
However, for this upward correction to gain traction, the bulls will need stronger confirmation to truly revive an uptrend. Technical and market sentiment factors still favor the bears, with a reversal signal from the 34 EMA and a newly formed resistance level emerging from a previously broken support zone, as highlighted on the chart.
These are my brief thoughts on EURUSD for now. Do you share the same view?
Price Action Training Session | Gains Repeatedly (Replay bars)Here's part 2 of my price action training series.
Teaching how to see market formations and react to data, easily.
Watch, take notes.
HSBC & JPM: No Bullish Outlook for EUR/USD? HSBC foresees a brief rally in EUR/USD should Kamala Harris secure the U.S. presidency. However, the bank expects the rally to be a temporary knee-jerk reaction, with the pair resuming a downward trajectory.
A Donald Trump victory could have starker implications for EUR/USD, as Trump has pledged tariffs on Europe, reigniting fears of a renewed trade war. Analysts at Deutsche Bank AG, JPMorgan Private Bank, and ING Groep NV warn that Trump’s win could drive the euro down to parity with the dollar.
Either way, the euro is maybe expected to decline across the board. An IMF downgrade of eurozone growth, persistent below-target inflation, economic sluggishness, and political friction collectively point to a weaker euro against other major currencies.
EURUSD weekly swing tradeThis trade is based on previous level of support.
Entry 1.07767 which is weekly support
Expecting to run 130 pips to previous resistance
Wait for levels to come to you I am only using a 40 pip stop loss on this
EURUSD Trade Log### Trade Setup (29/10/2024) - EURUSD
1. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Entry Strategy: Wait for a pullback into the FVG with bullish confirmation before entering.
- Beware of Earnings: Potential volatility due to correlated US market earnings reports; monitor timing to avoid adverse moves.
Strategy:
- Multi-timeframe approach using 30-minute FVG for intraday setup.
- Confirm entry signals to avoid unexpected volatility from earnings-related movements.
- Manage risk independently, reassessing based on the outcome of other trades if applicable.
Could we see a bigger correction?Bullish rally of dxy may persist due to robust indicators of the U.S. economy, contrasted with a weaker Eurozone economy. Additionally, the possibility of Republican candidate Donald Trump winning the upcoming U.S. presidential election is further supporting the dollar.
However, the mixed macroeconomic data releases from the US limit the US Dollar's strength, while the strong inflation readings from Germany support the Euro, helping the pair push higher.
EUR/USD rises sharply as the US Dollar falls after US ADP Employment and Q3 GDP data.
The Eurozone economy grew faster-than-expected and the German economy returns to growth.
Meanwhile, the 200-day EMA near 1.0900, and the psychological figure of 1.1000 emerge as key resistances.
In addition, Trump’s victory in the US presidential election could have an adverse impact on the Eurozone growth in the longer term.
Long EUR/USD4HR indicator buying signal, but now waiting a complete break out bar before entering the trade
EURUSD Many stop losses where here and price seeks to take stop losses out before moving in it's intended direction. This is why we have to wait for H4 candle to close as I've mentioned in the two previous posts.
Be cautious with EURUSDYesterday, EURUSD tested the previous low and bounced back.
It remains in a sideways movement ahead of significant events in the coming days.
While it stays at these levels, there’s no basis for entry.
Later today, the U.S. GDP news is scheduled.
Meanwhile, EURJPY and GBPJPY, which we trade in the premium channel, have reached their final targets.
EURUSD FORMED DOUBLE BOTTOM, WILL THIS BREAKOUT? EUR/USD has formed a double bottom pattern and is currently positioned at a major support level on the hourly timeframe. This setup suggests a potential bullish rally, with a breakout above the consolidation resistance likely to signal upward momentum. If the breakout occurs as anticipated, a bullish trend could emerge, aiming to surpass resistance levels around 1.086 and 1.095.
EUR/USD analysis - 30 Oct 2024EUR/USD pair has hit the major liquidity level at 1.0775 & we expect it to gain bullish momentum going forward.
Below is our recommendation,
Buy EUR/USD @ 1.0810
Stop Loss @ 1.0760
Take Profit @ 1.0950
Watch out for upcoming NFP as a strong USD news may push EUR/USD into next major liquidity level at 1.0665 before regaining bullish momentum.
EURUSD 4hour RSI Bullish Divergence.EURUSD has been struggling to break above the 1day MA50 but that shouldn't take long to do so, as the 4hour RSI is on a Channel Up (Bullish Divergence) since 10 days already.
Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise.
Our target is the 0.618 Fibonacci level at 1.10400.
Previous chart:
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This is reversal it going to the PWH after MR Stop huntThis is reversal it going to the PWH after MR Stop hunt
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Analyzing EUR/USD Support LevelsAs shown in the chart above, EUR/USD has reached our initial target, aligning with the short position suggested by the technical analysis. The price has now landed on the support level established in August of this year, indicating a potential uptrend toward the previous high. The suggested Take Profit (TP) and Stop Loss (SL) offer a profit/loss ratio of 3.03, which is considered favorable.
This is not financial advice.
Long EURUSD on trend line supportAccumulate a long position on EURUSD on major trendline support with bullish divergence in 4 hours. I enter the position with a small size first because the trend is still bearish. I expect some reversal in November through early December because seasonality is bullish for the euro.
Instant Buying Postion in EURUSD ChartInstant Buying Postion Based on Market Supports Trend line in the the current EURUS. Accordingly SL and TP is marked. one can take the trade keeping in view the tight risk management enabled.
EURUSD setup BUY!!!!Liquidity has been grabbed expect a push upward...
Apply good risk management..🤝
