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EXY trade ideas

LONG EURO Index Despite Triple Top Chart FormationOur prediction last week on Euro Index has come true. Despite the uncertainty around EU Summit last week, the market is upbeat to continue an uptrend. Earlier, European Council president Charles Michel said that it was possible to reach an agreement on the EU budget and the recovery fund. Key Trading Plan: i) LONG when the price breaks the resistance level of 115 with the potential Take Profit Target at 117. ii) SHORT if the price struggles and breaks the support level of 111 with the potential Take Profit Target of 109. ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors. ‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
TVC:EXYLong
by SIDCapital
EURO Analysisas we can see there is a potential cup & Handel pattern but it is also a Supply zone so I think if the price breaks that Zone it will go up to at least 114.5 & 115.6 And therefore completing the cup & Handel pattern don't forget that the fundamental news is very good for the European area ( decrease Covid-19 cases, a €750 billion economic stimulus plan,.... ) be patient guys and choose the entry and exit point carefully For any updates just follow me and press like button for more reach Share with me your thoughts let's learn from each other
TVC:EXY
by Mohamed-Nagy
The Euro Index (EXY) Here on the Euro Index we have a 222 pattern that formed. what i like to see is that this pattern lines up with the COT report that was released Monday due to July 4th (United States Birthday :D 'merica) being observed on July 3rd. in the circles we have three potential bearish star patterns printing on the PRZ which is a resistance level. depending on how today closes! The COT shows the same thing. this is the first time we have seen some profit taking and contract deliveries by both the commercials and non-commercials. The Commercials delivered about 14k contracts while the non-commercials took profit on about 10k orders. the net data is as follows: Commercials: Current = (147,128)// Previous= (162,540) Non-Coms: Current= 98, 955// Previous= 118,448
TVC:EXYShort
by ARegularGuy
EXY (Euro Index) Technical and COT Analysis Here on the EXY The Euro Index we have the daily and weekly outlook. Now, the euro is playing off a 222 pattern off the Daily chart and the price level is quite significant. Now, for those who have been looking at my charts for quite sometime you will know i hate oscilitaors but until i get candlestick charting down a bit better i use them as a form of confirmation. So, with all being said on both the weekly and daily we have bearish signals. So, on the weekly ***insert personal aside here>>> I have been doing a lot of reading based on Steve Nison's work on Candlestick charting. I own his first book and found his second and his Candle Stick Chart Course book with the help from a friend on here TradingView. I am re-reading all his books to refresh my memory or learing something new*** we have a large resistance area that was made up by two weeks of strong selling. Once PA made it near the top of the resistance area PA started to break down. We know have a few weeks now of indecesion candles with this past week trowing a doji candle. From a techinical standpoint I am expecting price to dip down to the red line which is an 88 candle swing point. So, if this coming week is a bearish one then expect more bearish sentiment until we hit the pending orders of the Big Players having their buy orders near or in a support area indicated on the COT Report (which i will discuss in a bit) Next, on the Daily chart we have a 222 Pattern that has completed and is still in play. it has completed its T1 setup so we can either see more downward movement to the target 2 or a retrace to the PRZ and then a push to the lowside for Target 2 to be hit. Seeing the indication of the weekly Candles i am epecting more downside rather than up! For the COT Data... This is reason i think we havent hit the pending orders of the Big Players, we have for the past few weeks seen the Commercials Increase their shorts but pice is still moving down. Now, for my COT fans Commercials go aganst the trend to lock in a particular rate or price to protect their physical profit made from day to day business. The commercial Shorts have increased their positions by 10k orders and the net data will be displayed later. The non-commercials are still buying from the Commercials but were not seeing any movement to support these numbers. Now, Unless we are seeing some major COT Manipulation by opening orders and quicly closing them before they get filled is one way, or the side im willing to say is more likely is that we havent filled the orders yet and price is still drifting aimlessly. I assume once we start filling these orders we will see some major volatility and start moving in the right direction which would support more downward movement for a cheaper price before we go up COT Net Data Commercials: Current (162,540) // Previous (155,035) Non-Commercials: Current = 118,448 // Previous = 117,132 Again, i think we will see some downturn based on the techincals then we will hit the pendings of the Non-Commercials in a support zone and then off to the races! So at the moment short then a major support level hit Pendings filled and then we move up for a... w h i l e!
TVC:EXYShort
by ARegularGuy
EXY (Euro Index) Euro Here on the Euro Index we have a Gartley Pattern that has completed and completed a T1 set up! I think we are going to see PA retrace into the PRZ. From a techinical standpoint. Now on to the COT Data. The COT indicates that the Euro is still a strong buy! The big players are still increasing their positions fueling the trend up on the Euro. Selling the Euro long term right no is probably not the most adviseable. This does not surprise me as the DXY just flipped to a bearish market and the Euro is driving higher. the Euro makes up 50-ish% of the DXY. the follwong is the COT net Data: Commercials: Current== (155k) // previous== (133k) Non-Coms: Current== 117k // previous== 95, 649 I have been slow posting recently becasue as some might have seen i have been saying i have wanted to add fundamentals to my trading and i had a friend of mine here on trading view provide some good reading material on fundamentals. Once i finally finish up some of my readings i will be more active!
TVC:EXYLong
by ARegularGuy
1
EURO AnalysisHello guys Now the price at an important Fibonacci level and that means it can go either up or down especially there is no buying or selling saturation on RSI and also with all of the Economic recession events, all countries trying to Pump money into the markets for recovery and we can not determine what will happen exactly in the market in my perspective the technical analysis is not enough so we need a delicate & short & profitable trade and therefore, I think If the price breaks the 112.8 level it will go at least to 113.4 level and if the price just breaks < 110.0 > it will go to < 109.0 > Between the 110.1 & 111.7 levels, the price may move in a horizontal channel or retesting ....etc and That's just my two cents guys... if there anything happened I will just update this analysis have a profitable week & share with me your thoughts let's learn from each other
TVC:EXY
by Mohamed-Nagy
EXY (Euro Index) The Euro backs the Dollar Index (DXY) by something of 50 something percent on the chart we see a gartley pattern that has completed and on the way down. Now Scott Carney, whom i think is next chartist genius next to Gann, Elliot, Dow, and Gartley. He was able to take all their readings and somehow make one of the most traded or talked about trading systems in the world. so much so tradingview teamed up with him yeas ago to help develop the harmonics drawings tool i use today, and the craziest thing about it is he came out with system in his early 30's. and what makes this even better is he is still alive running harmonic trader.com. enough about Scott Carney i think that the pattern is completing a type 1 setup. So what im thinkning is Monday we will move to the 382 tuesday indecesion candle rest of the week retrace to the PRZ and the week after we might see a bigger move down. the fundamental data the COT The Commercial Shorts are drvining the prices of the euro HIGH we a whopping 20,000 orders short!!! the longs to stop price was only a 1/5 of what the shorts did. the Non-Coms are increasing their longs by 10,000 orders driving prices way higher insync with the commercials. so here is the net data Commercials- Current= (133,718) // Previous= (117,198) Non-Commercials- Current= 95, 649 // Previous= 81,240 Needless to say any buys on the Euro is a good decesion, prices are still going higer and higher. any dips in price are just that a Dip. might be an oppritunity to hop on a speeding train. i would not hold on to this pattern longer than the 382 retracement of the pattern
TVC:EXYShort
by ARegularGuy