EURUSD short ideaIf we break structure on the 5 minute char I would like to see retest and then drop into lower prices.
EURUSD trade ideas
EURUSDHead and shoulders, not more to say, I’m pretty sure the EUR is going down the hold week but with some strong pull back.
Let’s see I’m going to enter soon if I see my confirmations.
EUR/USD AnalysisAs I hinted yesterday, the Euro is moving to collect liquidity (LQY) in the lower zones. However, tomorrow we have very important news at the opening of the London Stock Exchange, which could push the Euro bullish as there are several liquidity zones above on the hourly (H) charts.
Such movement would allow the Euro to pick up sell orders and continue with its bearish structure. Tomorrow, I will wait for the news to pass before tracking what the price will do.
Tomorrow, we need to be patient and avoid trading during the news period.
EURUSD long idealooks like there is going to be a retracement, I would like to see at least the nearby short term high taken as depicted.
are the bears taking a pause on EUR/USD?my sentiment on EUR/USD is bullish. from the Daily timeframe a fall has been happening, but the indicators give an oversold signal. with numbers indicating the buyers schould start coming in at any point this week. on the daily we entered a nice demand zone, on the 4H timeframe we have a nice demand zone (green bar). and that wil be my entry.
what i am waiting to see now is a nice rejection on the 4Hdemand zone for an entry.
EURUSD Local Long!EUR-USD is going down
But the pair will soon
Hit a horizontal support
Of 1.06978 from where
A local bullish rebound
Will be expected !
EURUSD long idea I Like the double bottom for support to take it higher, i will target previous day 9 am NY time highs .
EURUSD SHORTIt was a good entry point for a buy or for a sell. I will go for a sell right now since the price is rejecting that zone, we start we a really strong candle down so lets wait for a retest on my golden point of fibo, this is a RR 2:1
EURUSD: Growth & Bullish Forecast
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 CISD TRADING IDEAThe price already form CISD in M15 moreover it was pull back from the higher timeframe with that we can enter with confidence as long trade
BUY EURUSDIn todays session we are monitoring EURUSD for buying opportunities. Our entry is at 1.07740 and our stops are below 1.07520 our targets are as high as 1.08558. Use proper risk management and own due diligence before entry.
EUR/USD Extends Decline Amid USD Strength and Weak Eurozone DataThe EUR/USD pair continues its downward trajectory, trading near fresh multi-week lows around the 1.0769 mark during Wednesday’s mid-European session. This decline reflects the ongoing strength of the US Dollar, fueled by a gloomy market sentiment and growing concerns surrounding the upcoming US Presidential election. Meanwhile, the Euro faces downward pressure due to lackluster local macroeconomic indicators, suggesting that the Eurozone's economic challenges persist into the final quarter of the year.
Factors Driving the EUR/USD Decline
1. US Dollar Strength
The US Dollar remains dominant, driven by risk aversion as investors seek safe-haven assets amidst increasing political uncertainty in the US. The potential impact of the presidential election has added to market jitters, with investors favoring the Greenback for its perceived stability.
Additionally, strong US economic data has reinforced the USD's bullish sentiment, suggesting that the US economy continues to outperform its European counterpart. This divergence adds further pressure on the Euro and pushes the EUR/USD lower.
2. Weak Eurozone Macro Data
The Euro struggles to gain traction, weighed down by recent disappointing economic figures from the Eurozone. The latest data indicates ongoing challenges in manufacturing and consumer sentiment, suggesting that the region's economic recovery may be faltering.
Persistent economic sluggishness in major Eurozone economies, like Germany and France, has dampened confidence in the Euro, as investors remain cautious about the currency's short-term prospects.
Technical Analysis: EUR/USD Approaches Key Demand Zone
As anticipated in our previous forecast, the EUR/USD has bypassed an intermediate demand zone and is now approaching a more robust support area at the lower level. Here are the key factors at play:
Commitment of Traders (COT) Report:
According to the latest COT report, retail traders remain heavily bearish on the Euro, while institutional investors (often referred to as “smart money”) have begun to move in the opposite direction, accumulating long positions. This shift in positioning hints at a potential turnaround as the EUR/USD nears significant demand levels.
DXY Overbought Condition:
The US Dollar Index (DXY), which tracks the performance of the Greenback against a basket of major currencies, is currently in overbought territory. This condition suggests that the USD rally could be losing steam, potentially paving the way for a EUR/USD rebound.
The technical overextension of the DXY aligns with the prospect of a retracement, providing additional support for the Euro at the upcoming demand area.
Buy Limit Setup:
With the EUR/USD nearing a critical demand zone, we are considering placing a buy limit order. This approach aims to capitalize on a potential reversal at the lower demand area, which is supported by both technical indicators and the shifting COT report dynamics.
Trading Strategy: Buy Limit on Demand Area
Given the current conditions, a buy limit order near the next demand area presents a favorable risk-reward setup. Here’s how we’re approaching this potential trade:
Entry: Set a buy limit order just above the upcoming demand zone, targeting a potential rebound in the EUR/USD pair.
Stop Loss: Place a tight stop loss below the demand area to manage risk in case of a continued slide.
Target: Aim for a near-term bounce back toward resistance levels, aligning with potential DXY weakness and institutional positioning.
Final Thoughts: Cautious Optimism for a EUR/USD Rebound
While the EUR/USD remains under pressure due to the prevailing USD strength and weak Eurozone data, technical factors and shifting market positioning suggest a potential short-term reversal. As the pair approaches a critical demand zone, a carefully placed buy limit order could offer a promising entry opportunity.
With political uncertainty in the US and a potentially overbought USD, traders should monitor upcoming data releases and market sentiment closely, as these factors could influence the timing and magnitude of a possible EUR/USD bounce. As always, risk management is crucial, especially in a volatile environment shaped by macroeconomic and geopolitical factors.
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#eurusd #elliottwave long buy setup monthly 23Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BUY Minimum margin in % -5000% If less forget it. The base effect impact in the inflation will take places soon. Winter, Christmas.
What happens if President Trump wins the election ?I will be adding shorting positions on this pair soon. The risk/reward ratio look good.....
Please DYODD
DROP ON EU??Currently the pair is in a bearish trend and is likely to continue. Price is realistically headed towards the weekly support level which is 33 pips away from my entry. If the 4hr low gets broken, the weekly is the likely destination.
ONLY TIME WILL TELL.
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 10.07915
Wish you good luck in trading to you all!
eur/usdI dont normally do this pair but Id like to start getting into more than just usd jpy.
marked this up last night and its doing exactly what my Analisys is showing with confirmations.
lets continue to see a bearish move within the next few hours.
Fresh demand zone in the EUR/USD pairHello everyone, I've identified a fresh demand zone in the EUR/USD pair, and the location looks quite promising. You can approach this trade in two ways: either set a buy limit at the weekly demand zone or use price action to enter on lower timeframes. Personally, I use both strategies.
As always, it's essential to apply proper money management and never trade without setting an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be evaluated over a series of trades, not just one.
Thanks!
Eurusd shortEurusd
short
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
EURUSD | 21.10.2024BUY 1.08500 | STOP 1.08000 | TAKE - 1 - 1.09160, TAKE - 2 - 1.09550 | EURUSD is mixed, consolidating near 1.0860 as market activity remains muted at the start of the week. Markets are betting on higher interest rates. The European Central Bank (ECB) may take additional measures to keep the euro at lower levels to remain competitive.
A new bearish target in sight for EURUSD?Is there anything today that can turn the tide of this month-long EURUSD crash?
Doesn't seem like it.
Breaking this previous support (which is not that strong to begin with) signals more red candles for EURUSD into the US elections.
Too much Trump hedging in the market to fight against this trend.
Some dates for referencing historical price action of the elections:
November 4, 2008 Democratic Barrack Obama
November 6, 2012 Democratic Barrack Obama
November 8, 2016 Republican Donald Trump
November 3, 2020 Democratic Joe Biden
They can come with huge wicks on both ends!
EUROUSD, This is madness - This is Sparta!Hi everyone!
So yes we took like a few losses on EU, its normally my best pair, I do have some biases in it, hence why I am buying in this ferocious down trend.
We reached a Major level of support on the daily, thats the grey box you see in which you see the 2nd leg M15 forming. FX:EURUSD TVC:DXY
