So, EURUSD is currently in a clear downtrend and in Coming week we expect it to continue to go down to support area before it shows any upward movement... Our RISK : REWARD WILL BE 1: 3
The hourly timeframe appears bearish, similar to other timeframes. The only nuance that currently concerns me is the lack of price interaction with fractal liquidity. The plan for Monday-Tuesday is marked on the chart.
Hello, a long-term analysis for the Euro-Dollar currency pair so that we are better prepared. The long-term goal is to attack the liquidity, so we expect to catch unique bullish moves. Smart Money Hunter Liquidity
4h- On the 4-hour timeframe, we continue the downward movement without any signs of reversal. The clear target of the current movement is the fractal minimum that initiated the previous upward movement.
On the daily timeframe, on Monday, we experienced a break of the long context, followed by a continuation of the movement with the aim of covering the formed imbalance. By the beginning of the next week, I would like to see a correction to the zone of the nearest fractal formed on Thursday, with the potential to cover the imbalance. The nearest target for me is...
Weekly timeframe - the price reached the nearest fractal maximum, but failed to establish itself above it. The target of this movement is considered to be the local minimum around 1.05.
Time to take cover on long position. Thanks Giving is comming market will slow down and also closed. Use next 4-7 days to dig into fundamentals. Trade Balances Goverment Debt level Gov Bond Madurity Sessionality of EUR/USD movements CPI data Unemployment Stop loss - Depending on your risk appetite. To be continued Have fun
EURUSD Shows price pulling back towards Support zone 1.07000 for Buy continuation. Wait for bullish closure above zone.
Hi traders! I think this down wave is completed and a super bullish move will start next week. Target is the high of previous monthly candle.
Expecting EURUSD to reach for the Daily -RDRB as delineated on the chart.
On October 12, 2023. The U.S released the Inflation Rate as well as the CPI figures. Both for the Sep period. The Dollars per Euro rate having depreciated by 0.93% to end the week following the release of price data. Do exchange rates moving conjoinedly with price levels? This would be a good thesis to create that hypothesis. One example is statistically...
Haven traded bearish for majority of the week forming weekly high at 1.08951 and weekly low at 1.07240, we could see price drive further down next week, thereby clearing this week’s low at 1.07240 and eventually making its move into the support line at 1.06529 and 1.06000 (a price area in the fair value gap below the 1.06529 support line)which could serve as a...
My Bias is short with close end at 1.06106 scenarios: 1. It touched the 50% retracment line with a wick and goes back up. 2. has a short reaction up and follows down. 3. just falls further till target.
Let's talk about liquidity grab and why the market moves against you the moment you open a trade. At Smart Money, liquidity grab is at the heart of the trading systems, because without it, there can't be a market. ✴️ Market Liquidity No matter how long you have been trading, at some point you must have questioned the depth in the market you are trading. In...
The trend is downward and the one-hour downward step can start from here. The price is close to the resistance of the trend line.
We have CHoCH in 4H TF followed by series of BOS in 1H TF. I think there are two scenarios: 1- we would have a pull back to 1H TF OB and then go down. 2- we would touch the 4H TF OB by a wick and then go down. In any case, for an extra confirmation, it's better to wait for a CHoCH in lower TF after we've reached to any of these two areas. Let see what will...
The long position was closed upon a bearish engulfing hourly and a short was taken at the open. profits taken into 1.073