Read The EURUSD MarketLet's Looking at EURUSD Chart in all Scales and Prepare For start the next Week, Good Luck With Your Trades <3
EURUSD_SPT trade ideas
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
In recent weeks, the EUR/USD pair has been in a downward trend and is currently trading below a significant resistance zone.
As long as the price remains below this resistance, the bearish movement is expected to continue. However, if the price breaks above the identified resistance zone, this analysis will be invalidated, and a potential trend reversal may occur.
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EURUSD - SIGNS OF RECOVERY?EURUSD has been in a downtrend (Bearish) for weeks looking at the Elliot wave pattern (D1) and is currently on wave E. But could there be signs of recovery or will it continue downwards to extend wave E maybe to previous low of 1.034 area? A break below 1.04550 would give us some strong confirmation on that. On the other hand (H4), pair is in a range and a descending channel formed therein. Price bounced off support level of 1.046 and somewhat trying to break above it as well. If it breaks above 1.0510 level we could see a rise to 1.0603 level thus bringing an end to wave E. That would also mean DXY would retreat from current strong resistance levels.
if price breaks out of range i.e. below 1.046 then I go SHORT.
But I would take a LONG bet next week once a break and close above 1.0510 is confirmed. Also RSI is showing some strong divergence on the H4 giving me some more convictions to go LONG.
Sentiment data shows a MIXED reaction more reason for a wait and see what price does at these levels. From contrarian view, the bears should have it. Till then.
Your thoughts?
EURUSD Technical Analysis: A Closer Look at Two Key Support and
Considering the rebound from the marked demand zone, an upward move in the EURUSD pair is not unlikely. However, a bullish scenario for the pair becomes more convincing after breaking the 1.06 resistance level and retesting it. Otherwise, the bearish outlook remains intact. For a renewed selling opportunity, we need to wait for the marked demand zone to be broken before re-entering the market.
Comprehensive Guide to Bull and Bear Flag PatternsBull and bear flag patterns are some of the most reliable and widely used chart patterns in technical analysis.
These patterns are particularly effective for traders who prefer trading with the trend, offering clear entry and exit points.
They appear frequently in trending markets and represent short consolidations before the trend resumes.
In this guide, we’ll cover the characteristics of bull and bear flags, trading strategies, and how to enhance your flag trading using multi-timeframe analysis.
What Are Bull and Bear Flag Patterns?
Bull and bear flags are continuation patterns, meaning they signal the potential for a price move to continue in the direction of the prior trend after a brief consolidation or retracement.
Bull Flag: This pattern occurs during an uptrend. After a sharp rise in price (the flagpole), the price begins to consolidate within a downward-sloping channel (the flag). A breakout to the upside typically follows, continuing the trend.
Bear Flag: In a downtrend, after a strong decline (the flagpole), the price consolidates in an upward-sloping channel (the flag). When the price breaks downward, it continues the downtrend.
These patterns are valuable for traders as they provide clear entry signals when the price breaks out of the flag's consolidation range.
Anatomy of a Flag Pattern
The flag pattern consists of two main components:
The Flagpole: This is the sharp price movement that occurs in the direction of the trend. It signifies strong momentum and establishes the direction in which the trend is moving.
The Flag: The flag is a period of consolidation or retracement that follows the flagpole. The price moves within parallel or slightly converging trendlines and typically retraces about 30% to 50% of the flagpole. The flag represents a pause in the market before the trend resumes.
Key Characteristics:
Bullish Flag: Occurs in an uptrend, and the consolidation takes place in a downward-sloping channel.
Bearish Flag: Occurs in a downtrend, and the consolidation takes place in an upward-sloping channel.
Volume (if you trade Crypto or stocks) tends to decrease during the consolidation phase and increases significantly at the breakout point, confirming the continuation of the trend.
Trading Strategies for Bull and Bear Flags
While bull and bear flags are relatively simple to identify, using different strategies can help enhance the effectiveness of trades. Here’s a breakdown of the most effective approaches to trading these patterns:
1. Breakout Strategy
The breakout strategy is a straightforward approach that traders use to enter a position when the price breaks out of the flag's consolidation. This marks the continuation of the trend and offers a high-probability setup.
Entry: Enter the trade when the price breaks above the upper trendline of a bull flag or below the lower trendline of a bear flag.
Stop-Loss: Place the stop just outside the flag’s opposite boundary (below the flag for bull flags or above for bear flags).
Take-Profit: Measure the length of the flagpole and project it from the breakout point. This will give you a target for where the price could potentially move.
2. Multi-Timeframe Strategy
The multi-timeframe strategy involves using multiple timeframes to analyze the flag pattern. This strategy can provide a more robust confirmation for entering the trade, as it gives you a broader perspective on the overall trend.
Higher Timeframe Analysis: Begin by analyzing a higher timeframe (e.g., the daily chart). Look for a strong trend, either bullish or bearish, and identify if a flag pattern is forming within this trend.
Lower Timeframe Confirmation: Once the pattern is identified on the higher timeframe, zoom in on a lower timeframe (e.g., the 1-hour or 4-hour chart) for precise entry points. Look for the price to break out of the flag pattern on the lower timeframe, confirming the trend continuation.
Why Use This Strategy?
Multi-timeframe analysis reduces the risk of false breakouts by confirming the broader trend on a higher timeframe.
It allows you to refine your entries by using a lower timeframe for greater precision.
Note:
A critical benefit of this strategy is its ability to significantly enhance the risk-to-reward (R:R) ratio, with the example presented achieving an impressive 1:5 ratio. This means that for every unit of risk taken, the potential reward is five times greater—a highly efficient use of capital and risk management.
3. Pullback Entry Strategy
The pullback entry strategy offers a more conservative approach to trading flag patterns. Instead of entering at the initial breakout, this strategy waits for a pullback toward the breakout level to confirm the trend’s continuation.
Entry: Enter the trade after the breakout has occurred but wait for the price to pull back to the flag’s trendline. This pullback gives you a better risk-to-reward ratio.
Stop-Loss: Place the stop just below the flag’s trendline for a bull flag or above it for a bear flag.
Take-Profit: As with the breakout strategy, project the flagpole's length from the breakout point for your target.
When Not to Trade Flag Patterns
While flag patterns are reliable, they are not always guaranteed to work. There are specific conditions when you should avoid trading them:
Choppy or Sideways Markets: Flags perform best in trending markets. If the market is choppy or moving sideways, flag patterns are less likely to lead to a strong breakout.
Weak Flags: If the flag's consolidation is too broad or the market loses momentum during the consolidation, the breakout may be weak or fail altogether.
Conclusion
Bull and bear flag patterns are essential tools in any trader's toolkit, offering high-probability setups in trending markets.
By understanding how to spot them, applying different trading strategies, and incorporating multi-timeframe analysis, traders can enhance their chances of success.
Final Tip: Always combine flag patterns with good risk management techniques, such as proper stop-loss placement and positive risk:reward.
EURUSD LONG IDEAEU, expecting to fill inefficiency while going back to that ChOch, the tp is going to be around the OB in the lower TFs, SL will be subjective to your account balance but preferrably the last low, lets stalk the market ....NB , this is not financial advice , simply an analysis, am not responsible to how you choose to use this knowledge
EURUSD 1HIn continuation of my previous analysis, which you can view here , and was highly accurate, the market moved exactly as predicted.
The EUR/USD trend remains bearish, but we are approaching a reversal zone.
Based on precise analysis, with a move similar to the green lines drawn on the chart, I expect the price to reach 1.037. I'm pleased to announce that I can also analyze the timing of price movements, and I predict that during the London open on Tuesday, December 17th, we will reach the target zone.
It’s clear that a reversal won’t happen immediately upon reaching 1.037, as the price will go through its rotation process. We will closely monitor this development and enjoy the precision of the market analysis.
As we approach the end of the year, the market activity may slow down. Be cautious with your capital and avoid unnecessary risks.
If the price breaks and consolidates above 1.054, the analysis will be invalidated.
At the start of the market, I’ll look for signs of weakness in the bullish momentum to enter sell trades. I will remain a seller with proper entries and exits until the announced target is reached.
Stay tuned for updates!
EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside.
Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts.
Confluences for EUR/USD Sells:
- Liquidity Below: Significant downside liquidity remains untapped.
- Bearish Momentum: The pair has been bearish for the past two weeks.
- Break of Structure: Key levels have broken to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) supports this bearish setup.
- Key Supply Zone: The 4-hour supply zone caused the initial bearish move.
Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts.
Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
EUR_USD MOVE UP AHEAD|LONG|
✅EUR_USD made a retest
Of the horizontal support
Of 1.0453 then made a
Rebound and broke out of
The falling wedge pattern
So we are locally bullish
Biased and we will be
Expecting a further
Bullish move up
LONG🚀
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eurusd trade ideaHello guys got a trade idea for the next week ahead.
Price has been in a downtrend for some time due to price hitting major supply zone which in return created LH/LL.
Price has than created liquidity zones which got taken out and provided liquidity to the upside which broke the recent high creating a CHOCH (change of character) thus creating a new 2hr demand zone (blue)
Waiting on price to come back to preferably the 5min demand zone listed in yellow or the 2hr zone and create another BOS (break of structure) for entry. It just depends on what opportunity the market gives us.
eurusd 4 hour chart buy for short term eurusd 4 hour chart buy for short term its only for short term trade so dont expact much pips take only few pips
EU slowly going downHi traders,
Last week EU did exactly what I've said in my outlook.
After a small correction up it began to drop slowly. This could be a leading diagonal wave 1.
So for next week we could see a correction up for wave 2 and another drop to finish wave 5 (black).
Let's see what the market does and react.
Trade idea: Wait for the small correction up to finish and a change in orderflow to bearish on a lower timeframe and trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
EURUSD Sellers In Panic! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0499 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0519
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURUSD: Market of Sellers
The price of EURUSD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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EURUSD may fall further EURUSD can fall further more, however it may come up to 1.055 level before any drop please watch the 50% and 61.8 % fibb level to take entry, structure of downtrend. End if EURUSD close above 1.066 level on daily basis
Euro can start to fall, thereby exiting from pennant patternHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price declined inside the downward channel, where it fell to the seller zone, which coincided with the resistance level. Then price fell to this level and then rebounded and in a short time rose to 1.0935 points, exiting from the channel and making a first gap. Then Euro turned around and started to decline inside a downward pennant, where it soon broke the 1.0760 level and then tried to back up, but failed and continued to decline. In a short time, the Euro dropped to the 1.0485 level, which coincided with the buyer zone, broke it, and fell to the support line of the pennant. Then it turned around and quickly rose to the resistance line of the pennant pattern, making a second gap and breaking the 1.0485 level one more time. After this, the price turned around and fell from the resistance line to the support level, where it continues to trade very close to this day. In my mind, the Euro can rise to the resistance line of the pennant and then rebound down, thereby exiting from this pattern and breaking the support level. After this movement, I think that the price will continue to decline, so, I set my TP at 1.0350 points. Please share this idea with your friends and click Boost 🚀
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat.
Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse.
Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall.
Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel.
Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level.
Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel.
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EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
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EUR/USD Daily Chart Analysis For Week of Dec 13, 2024Technical Analysis and Outlook:
The Eurodollar has demonstrated bearish momentum during this week's trading session by staying firmly between Mean Res 1.060 and Mean Sup 1.049. This weak price action might be the clue to nulling the Inner Currency Rally 1.072 and extending its trajectory to revisiting the completed Outer Currency Dip 1.035. Nevertheless, it is essential to note that the Eurodollar may retest the Mean Res level at 1.060 and reignite its upward trend.
EurusdTF H4
Possible will create new LL next week
Small TF have completed structure downtrend at m30
Euro rises as dollar weakensEUR/USD could rise to the resistance of the second descending channel ceiling at $1.0541, provided the important support range in the 1.0474-1.0485 range holds. Meanwhile, recent fundamental factors have contributed to the weakening of the US dollar, which could influence the continuation of the pair's trajectory.
The US dollar has weakened in recent weeks for the following reasons:
1- Expectations of slowing down the pace of interest rate increases:
The Federal Reserve has signaled a slowdown in interest rate hikes, which has made the dollar less attractive to investors.
2- Weakness of economic indicators:
Some recent economic reports, including slowing industrial production growth and declining consumer confidence, have fueled the dollar's weakness.
With the US dollar weakening due to fundamental factors and holding key support in the 1.0474-1.0485 range, EUR/USD is likely to face increased demand. If the resistance at 1.0541 is broken, the pair could take a further upward path. Traders should pay close attention to upcoming economic data and the Federal Reserve's decisions.
The Analysis H4 : Long Position to Resistance Area (1.06250)In my opinion, the graph FX:EURUSD shows a well-defined upward-sloping channel, with the support line at the lower boundary and the resistance line at the upper boundary.
Recently, the price rebounded off the support line (highlighted by the green circle), signalling a potential continuation of the channel’s upward trend.
Support Line: This lower boundary acts as a strong support level where the price historically tends to bounce.
Resistance Line: The upper boundary, around 1.06250, serves as a target for a long position, aligning with previous highs.
As long as the price remains within the channel, the bullish bias holds. To confirm this move, monitor for signs of increasing volume or bullish momentum.
Goodluck.
The USD Crash Thesis I think we're at a major point for USD. It's either about to make a strong bullish breakout or the failure of that implied a sharp down move in the dollar.
I've been very bullish on the USD for a while and will be ultra bullish if the following breakouts can be made, but this is also the point where it's best to prep for the failure of the USD bull move - which would likely be a spectacular event.
I first floated my USD bull thesis here in mid 2021 just as the bull run was starting. Near the end of it I pointed out the different pending reversal patterns.
The first of these was complete.
And since that time I've been mainly bullish on the USD.
However, the alt forecast was this;
If that is the move in play, we'd be very close to the USD reversal. EURUSD making a butterfly (wave 5) low off a two decade downtrend and heading into the C leg to correct that, would equal a crash in the USD.
Mirroring the implied move of EURUSD in a C leg onto DXY it'd be suggesting to us that what we've really seen here is the formation of a left shoulder and we're heading into the head. Which would be a spectacular crash move.
Alt ways to map this USD crash would be USDCHF would likely make a 1.61 extension low of the failed reversal.
The USD bull action of late has been compelling but this has all happened inside of a zone where it would be common to have a bull trap if it was actually setting up a slam.
Here's a post from the GBPUSD low.
The rally has come up to a similar area where the chop zone was marked into the forecast.
This was a 76 retracement and the retracement to the common resistance level was my main reason for getting back in as a USD bull here, fading the XXXUSD rallies.
But a failure of these highs to hold would be a strong indication that the GBPUSD downtrend has failed.
EURUSD has traded for 2 years in a range. Over the last month we poked out the bottom of that range. This is probably the breaking of the ranging period.
It could be a simple break. The lower end of the range is broken and it's time for the USD to shine. Or, this could be the fake out before the upside break in EURUSD.
Which would be a USD reversal building into a full blown crash leg is, or near to, imminent.
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A 2 year range in EURUSD is very likely to set up a trend of not less than 6 months (Broadly speaking, there'll be shallow pullbacks).
The odds of there being exceptional money to be made in the FX markets in the first half of 2025 look really high.
Boom or bust, USD looks set to make an exceptional move.
If we see it starting to weakening in the coming weeks, that could be a sign of it starting a mighty reversal.
For the thesis of a C leg in EURUSD to be true, there has to be a crash in USD. C legs are always crash legs. For perspective, here's the EURUSD chart inverted.
If that is coming, we'd have to be close to the start of it.
Although there could still be a bit of fight in the USD bulls even if the turn is coming.
The C leg coming into play in EURUSD would be the best Forex trading op I can think of. It'd be crazy easy to make money short the USD.
Worth watch listing and being quick to act if the bearish breakout in EURUSD weekly chart fails.
