posibility of correctionA trend change is expected within the current support range and we will witness the beginning of the upward trend.
Otherwise, the continuation of the downward trend is likely
EURUSD trade ideas
EURUSD: ABC Correction Complete, Downtrend ResumesIt seems the correction in EURUSD has concluded, taking the form of an ABC Zigzag. The pair has likely formed or is in the final stages of forming the first wave of a new downward impulse. After a brief corrective pullback (Wave 2), I anticipate further declines as the market continues its downtrend.
sell on EuruSDI bring you the daily chart on the left and the 15 min on the right for you to judge. all confluences are for a sell, simple
#EURUSD - 13122024I was bearish EURUSD yesterday; I said that based on the daily price action, the low is not in yet. And levels worked out perfectly yesterday; it hit the level and sold down to lower level for 50pips, bounced, but was rejected again to close near the lows.
Overall, I am bearish for further downside until shown otherwise. Looking at 1.0498 to hold for a move down to 1.0383.
EURUSDRight now it's pretty solid going to complete Pennant and then its likely to complete 5 drives
EUR tests support: Fed decision next The EUR/USD is trading near a fresh monthly low around 1.0480. The European Central Bank delivered a widely expected 25-basis-point rate cut earlier in the day and downgraded its growth outlook, signaling weaker-than-anticipated economic performance.
Policymakers hinted at additional easing, with a 25-basis-point cut projected for each of the next two meetings. Markets are now pricing in another 25-bps reduction in January, though expectations for a more aggressive 50 bps cut in March or earlier are being pared back.
The pair briefly touched a low of 1.0463, and technical indicators suggest further downside risks. Short-term momentum might point to more downside, with traders eyeing the 1.0450 support level and potentially testing the two-year low of 1.0330.
Attention now turns to the Federal Reserve’s decision this coming Wednesday.
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EURUSD GOING DOWNEUR/USD appears poised for a bearish move, supported by key technical indicators and chart structures. Price action has rejected a significant liquidity zone, suggesting strong selling pressure and the inability of buyers to hold higher levels. A confluence of resistance from a descending trendline and the 50-day EMA strengthens the bearish outlook.
On higher timeframes, a recent liquidity sweep at a key high has been followed by a sharp rejection, indicating trapped buyers and the potential for further downside. A break below the recent market structure low could trigger stop orders, accelerating the move toward the next major liquidity cluster. Watch for increasing momentum and volume as confirmation of this potential bearish shift.
+ responding to the liquidity rectangle, pushing down
Eurusd sell trade The EURUSD price shows some slight bullish bias after reaching few pips away from our waited target at 1.0475$, affected by stochastic positivity, while we still suggest witnessing new negative
Go for sell
EURUSD Bullish scenarios (15m/4H)Looking at the current market structure and how the price has been reacting to key pivot points (marked with the Fib levels) I'm receiving some strong buying signals.
So far we have:
Bullish divergence in both 15m and 1H.
Bearish divergence in 15m (usually happens at the end of the 3rd and 5th wave)
The price did a liquidity grab at key levels of the 5th wave and it is likely that I won't go below that level, unless sellers gain more strength
Both my bearish and bullish scenarios are giving me buying signals at current levels (Elliott Waves + BOS & CHoCH on higher/lower time-frames)
If the price goes below 1.0426 the entire bullish outlook is invalidated.
EURUSD: Bullish Forecast & Outlook
The recent price action on the EURUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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Eurusd for sellEurusd is super bearish, price formed a rising channel and broke out below which signals bearish trend continuation.
Eurusd for sellEurusd is super bearish, price formed a rising channel and broke out below which signals bearish trend continuation.
EUR/USD Short Trade Analysis and Updated StrategyHello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
Eurusd for shortPrice is super bearish, it formed a rising channel, broke out and retested the trendline and formed a bearish pinbar.
12.12.2024 - EUR.USD ShortsSelling EU with Asia Highs been taken towards the Asia Lows TP. Don't personally like the reaction of the DXY but going to take this. If this takes us out will wait till PDH is liquidated to play for shorts.
EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish.
Indicators:
RSI: At 40, close to oversold territory but still with room for downside continuation.
Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside.
MACD: Below the signal line, signaling bearish momentum.
Key Levels:
Support: 1.0480, 1.0450.
Resistance: 1.0510, 1.0540.
H4 (4-Hour Chart)
Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band.
Indicators:
RSI: At 42, showing weak momentum but not yet oversold.
Stochastic: 28, nearing oversold levels.
MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0515, 1.0540.
H1 (Hourly Chart)
Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud.
Indicators:
RSI: At 45, confirming weak bearish momentum.
Stochastic: 23, indicating oversold conditions and possible pullback.
MACD: Slightly bearish, with price momentum losing steam.
ATR (14): At 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0510, 1.0535.
M30 (30-Minute Chart)
Trend: Bearish but consolidating at key support levels near 1.0490.
Indicators:
RSI: At 43, close to oversold.
Stochastic: 20, signaling a possible short-term pullback.
MACD: Flat, reflecting indecision.
Correlated Financial Instruments
DXY (US Dollar Index):
Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD.
Gold (XAU/USD):
Declining due to USD strength, supporting a bearish bias for EUR/USD.
Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity.
Trade Details:
Entry Price: 1.0510–1.0515 (on a retracement).
Stop-Loss: 1.0535 (above recent resistance).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above the breakout level).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance)
Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk.
Trade Details:
Entry Price: 1.0505.
Stop-Loss: 1.0520.
Take-Profit Levels:
TP1: 1.0490.
TP2: 1.0480.
Risk/Reward Ratio: ~1:1.5.
12.12.2024 - EUR.USD ShortsSelling EU with Asia Highs been taken towards the Asia Lows TP. Don't personally like the reaction of the DXY but going to take this. If this takes us out will wait till PDH is liquidated to play for shorts.
