London Session Update: AUDUSD & USDJPY ContinuationThe AUDUSD offered an excellent entry point at 0.6450. Meanwhile, the USDJPY is performing as anticipated, and we expect a continuation in these pairs.
EURUSD trade ideas
EURUSD - SHORT IDEA H4Execute 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🚀
USD Currency Vs Others Since NovemberUSD Currency Vs Others Since November. I want to analyze how other currencies have performed versus the US dollar following the election of Trump as well as the Fed interest rate cut decision on November 7 and the inflation number CPI report on November 13.
EURUSD Will be in bearish direction after Breaking ChannelHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Trend Shift Confirmation Setup - Eurusd short setupMarket Context:
Current Trend: The market appears to be in a bullish phase.
Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists.
Setup Breakdown:
SSR Flip Area:
A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a strong potential for selling opportunities.
The latest test of this zone occurred on Monday, August 26th, which resulted in a structural shift in the market. This shift has led to the taking out of a daily low, suggesting a reversal in price direction.
Entry Analysis:
Key areas were initially mapped out on the daily timeframe and then refined on the hourly chart.
Previous liquidity areas that align with the current price movement were identified to enhance the entry strategy.
Additionally, areas exhibiting the strongest volume were mapped to ensure they are in proximity to the entry zone.
The ideal entry point was determined where the breaker block and FVG intersect, creating a confluence of signals.
Risk Management:
The entry was strategically placed at the middle of the breaker block, FVG, and SSR flip areas. This approach ensures an optimum entry point while managing risk effectively.
It is crucial to emphasize that traders should conduct their own analysis before executing any trades.
Important Reminder:
Risk Management:
If you decide to take this trade, be sure not to risk more than 1% of your capital to safeguard your investment. Trading inherently carries risks, so it’s essential to trade wisely and make informed decisions.
EURUSD London Trade Marco 5amEURUSD London Trade Marco 5am
I anticipated for price to rally to the buy side liquidity/FVG to set up for a short. I was looking for shorts today.
Price sets up taking the 3 buy side targets /FVG reaching the clean equal highs on the .618 level. Anticipating for a short price consolidated and 5:03 breaks the structure. I did go in at 1.05620 however too small a stop loss and kicked me out. I went back in with the equal lows and the top of the dealing range which also lined up with the .618 level for TP target. I did not get greedy to see if it would sweep the clean equal lows, but I felt I reached my OG target and exited at 1.05640-.618 level.
Take away notes-trust the .618 levels. Next time tighter entry on entering on the .618, with a proper stop loss, and tighten up on your exit. Practice hitting your first target and get out.
Great start to the week. Celebrate. Spend Nov and Dec back testing your model to get ready for my FOMO challenge in January
EURUSD Eyes 1.045 as ECB Rate Cuts Outpace USBearish EURUSD may drop to October 2024 low at 1.045, amid ECB's aggressive interest rate cuts compared to USD. Watch for resistance at 1.066.
Article: fxnews.me
EUR/USD hovers around 1.0550 The EUR/USD pair is currently trading around 1.0550 in Monday's Asian session, continuing its downward trend and approaching the year's low at 1.0496, reached on November 14. The strong decline in this pair is mainly driven by factors related to the Fed and positive economic data from the US.
Fed Chairman Jerome Powell recently reduced expectations of a near-term rate cut. He emphasized that the US economy remains stable, with a strong labor market and persistent inflation, meaning the Fed sees no need to rush into cutting interest rates.
Recent US economic data, such as retail sales and positive manufacturing indices, are further strengthening the USD, putting pressure on EUR/USD.
From a technical perspective, on the 1-hour chart, the resistance level at 1.0577 is proving to be a significant obstacle. While there is support at 1.0526 that could allow a short-term recovery, if the pair fails to break through this resistance, EUR/USD may continue to decline, possibly even breaking the support and moving lower.
EURUSD Setup On EURUSD we can clearly see that its stuck two zones of support and resistance , we might see potential horizontal movements until breaks out , but entry will be shared with my students only
EURUSD risky buyDespite an overall bearish trend which I think will still continue in the long term, EURUSD has been consolidating the last two or 3 days since reading the discount zone with no break of structure to the downside. All Daily, H4 & 1H chart shows its oversold.
Its very possible it might go up and retest the the previous structure/orderblock
A bearish week for EUR: Short opportunities aheadRecent Performance: The EUR/USD currency pair has struggled this week,
demonstrating a consistent bearish trend. Dropping from around 1.07276, the
euro is facing downward momentum, recently hitting a support level at
1.05087. With this decline, the euro is positioned for potential shorts,
reflecting a significant weakening against the US dollar.
- Key Insights: The strength of the US dollar continues to heavily influence
global markets, particularly the euro and gold. As the euro has hit a
52-week low recently, this weak performance signals possible short trading
opportunities. Market participants are advised to consider shorting the euro
given the bearish outlook and current sentiment surrounding the currency
pair.
- Expert Analysis: Market experts are largely bearish on the euro, expecting a
potential continuation of this bearish trend in the weeks to come. The
creator of recent analysis anticipates the EUR/USD attempting a bearish
breakout below the 1.05087 level, expecting the pair to reach a target of
1.03920 within the next two weeks. The overall outlook remains heavily
influenced by the strength of the US dollar.
- Price Targets: Based on the wisdom of all professional traders, the price
targets and stop levels for this week are as follows:
- Next week targets: Target 1: 1.03920, Target 2: 1.03500
- Stop levels: Stop 1: 1.05200, Stop 2: 1.05500
- Longer-term targets: The longer-term target for the euro within the next
month might be projected towards 1.02500, if current bearish trends persist,
especially around the next economic data releases.
- News Impact: Notable events impacting the euro include potential trade tariffs
from the US that could adversely affect the Eurozone economy. Additionally,
CPI reports from the Eurozone and anticipated movements from the European
Central Bank (ECB) regarding interest rate cuts may provide further
catalysts influencing the EUR/USD dynamics in the upcoming weeks. Overall,
global economic trends are increasingly critical for EUR trading strategies
moving forward.
eurusd potential buy analysis .this following last weeks weekly, daily bias , whats the anticipation of EURusd today and weekly , we have formed bullish sentiment on the daily chart. mondays opening and closing range will provide us more understanding as to how price would want to move
bearish trend continues for EURUSD simply making LHs and LLs the pair has followed the bearish rally for quite some time. Moreover, there is no sign of a reversal which means it is safe to play on the shorter side by putting the sell stop on the latest LL, stop loss and TP have been marked on the chart
Read The EURUSD MarketLet's Look at EURUSD Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
EURUSDLooking for a retest on my AOI, pretty good point, we are currently bearish on the 4 hours lets see how it moves on London….
EURUSD Long term analysis. Long-term analysis of EURUSD.
1971 to present.
Reaction rebound at 0.618 FIB level of correction wave after three-stage rise (blue dotted line). Uptrend continues overall.
12M
The trend wave (red dotted line) that reached its high in 2008 has collapsed (price falls below red horizontal dotted line HL). Downtrend in progress.
The upward rebound in 22' and 23' was held down by the yearly and 6-month SR (red horizontal line), and in 24' has been back downwards again, Body of 24' candle already exceeding that of 23'. For this reason, it is highly likely that the 24' candle will end below the lowest price of the 23' candle. (Engalfin)
6M
Downtrend.
The price held down by the downtrend line and LH zone (gray).
The inability to exceed the yearly and 6-month SR (red horizontal line) is encouraging further continuation of the downtrend.
3M
Downtrend.
The bearish Engalfin candlestick pattern shows strong selling. The price is also moving below the 3-month SR (blue dotted line).
Monthly
Trendless.
The price rebounded in the first half of this month, but was held down by the monthly MSR (blue dotted line)
and strong selling is occurring.
If the price falls below the orange line, it will become a downtrend.
Prediction.
Long position.
If the price is held down by the line that could be a foothold (black parallel line), it can be seen as a W bottom on the annual chart that took 10 years to form, and the right foot can be seen also as a W bottom on the 6-month chart that took 3 years to form.
We have to follow up.
Short.
It is less than 200 pips to the line that could be a foothold (black parallel line), It is best to sell by following the trend on the Weekly and Daily charts.
Idea for next week.n the FX market on Friday, the dollar continued to push higher against some currencies, while falling against other, after stronger-than-expected US retail sales data helped to lift it off its earlier lows. The big slump in the USD/JPY pair, on the back of Japan’s Finance Minister Kato stating that he will take appropriate action against excessive fluctuations in FX markets, meant that the dollar index would still end the day lower, although above April’s high of 106.51 level. Earlier in the day, the dollar had been down across the board, but the release of stronger US retails sales triggered a sharp recovery.
Updated EURUSD trade I have updated my EUR/USD trade and will move my stop loss slightly higher in case the market wants to reach the order block.
EURUSD Trading Journal EURUSD Trading Journal
Week summary and learning points
Coming off the election huge range week, confirming a parent bias.
Monday in a discount on the .79 level and immediately plunged. No pull back. Great short day with that one logic missing-do not short in a discount market. Hmmm
Tuesday Continues the drop in lower prices lethargically. Again no pull back. Wondering about this do not trade shorts in a discount range.
Wednesday London creates a high to Mondays fib range .70 OTE for a short after the 8 am bell. I admittedly traded a counter trend quickly exited.
Saw the short set up that I noted in my journal that I intended for two clean equal low targets that price did take out. Celebrate.
Thursday Price plunges again I for some reason have been wanting to counter trend trade all week. I saw the 3:50 macro to short to known sell side target. Celebrate.
then at night 9 macro rode that up to the buy side target.
Friday-heavy new driver day. Admittedly I watched from the side lines. I like how at 11 macro Price rallied to the FVG rebalanced and turned around.
EURUSD most likely to continue downward EUR/USD Overview (November 10–17, 2024)
Over the past week, the EUR/USD pair has experienced a steady decline, hitting a six-month low. This downward movement was influenced by stronger U.S. economic fundamentals and a favorable market reaction to President-elect Trump's pro-business policies, which bolstered the U.S. dollar. European industrial production showed contraction (-1.3% m/m), adding negative pressure to the euro, while U.S. jobless claims decreased, reflecting a resilient labor market.
Technically, EUR/USD broke below critical support levels (1.0680 and 1.0540) as it continued its downward wave. A brief consolidation was observed near 1.0540, with potential for further declines to 1.0505.
Forecast for November 18–24, 2024
For the upcoming week, the EUR/USD outlook remains bearish unless significant bullish catalysts arise. Key drivers will include:
Eurozone Data: Any improvement in GDP or industrial production figures could stabilize the euro.
U.S. Economic Indicators: Continued strength in U.S. inflation and jobs data would likely support the dollar.
Technical Levels: Resistance is seen near 1.0595, while a break below 1.0505 could push the pair towards 1.0420.
Good Luck and happy trading!!!
EURUSD BEARISH SEQUENCEi believe price will continue nosediving this week as it aims to take out the fractals just below as marked. Good luck.
EURUSD SELL NOW on MondayEUR/USD remains in positive ground on Friday, as profit-taking hit the US Dollar ahead of the weekend. Still, Powell's hawkish shift and upbeat United States data keeps the Greenback on the bullish pathFurther losses could see EUR/USD testing its 2024 low at 1.0495 (November 14), before the 2023 bottom at 1.0448 (October 3).
On the upside, immediate resistance lies at the 200-day SMA of 1.0865, seconded by the November high at 1.0936 (November 6) and the provisional 55-day SMA at 1.0947.
In addition, the short-term technical outlook remains bearish as long as EUR/USD stays below the 200-day SMA.
The four-hour chart highlights accelerating downward momentum, with key support levels at 1.0495 and 1.0448. On the upside, initial resistance appears at 1.0653, followed by 1.0726. The RSI rebounded above 32.Looking forward, potential trade policies from the Trump administration, including tariffs on European and Chinese goods, could push US inflation higher. If the Fed adopts a cautious or hawkish stance, it may continue to lend support to the US Dollar.
