UPDATE: EURUSD Curve Analysis (15H)
Curve Analysis: Navigating the Downtrend
(with Potential Uptrend Rebound)
Key Takeaways:
🤔 The 1W Curve Analysis reveals a downtrend, but a Demand Zone (DZ) at 1.0785 offers a potential reversal opportunity.
If the price respects the DZ, upside potential exists towards the resistance level at 1.1008 or the Supply Zone (SZ) on the 216m chart.
We placed a Buy Limit Order (BLO) at 1.0800, anticipating a strong reaction to the support.
Encouragement & Excitement:
While the downtrend is evident, the DZ presents a glimmer of hope for a swing trade opportunity.
Our successful BLO placement demonstrates calculated risk-taking and confidence in our analysis.
The potential retracement to the resistance level or SZ represents a lucrative reward for disciplined traders.
Remember:
Trading the uptrend retracement is a counter-trend trade and carries inherent risk.
The BLO is for risk-takers only and requires strict risk management.
Actionable Steps:
Monitor price action closely around the DZ.
Consider entering a long trade if the price respects the DZ and shows bullish signals.
Set realistic stop-loss orders to mitigate risk.
Remember, patience and discipline are key in counter-trend trading.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any trading decisions.
(with Potential Uptrend Rebound)
Key Takeaways:
🤔 The 1W Curve Analysis reveals a downtrend, but a Demand Zone (DZ) at 1.0785 offers a potential reversal opportunity.
If the price respects the DZ, upside potential exists towards the resistance level at 1.1008 or the Supply Zone (SZ) on the 216m chart.
We placed a Buy Limit Order (BLO) at 1.0800, anticipating a strong reaction to the support.
Encouragement & Excitement:
While the downtrend is evident, the DZ presents a glimmer of hope for a swing trade opportunity.
Our successful BLO placement demonstrates calculated risk-taking and confidence in our analysis.
The potential retracement to the resistance level or SZ represents a lucrative reward for disciplined traders.
Remember:
Trading the uptrend retracement is a counter-trend trade and carries inherent risk.
The BLO is for risk-takers only and requires strict risk management.
Actionable Steps:
Monitor price action closely around the DZ.
Consider entering a long trade if the price respects the DZ and shows bullish signals.
Set realistic stop-loss orders to mitigate risk.
Remember, patience and discipline are key in counter-trend trading.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any trading decisions.
Trade active:
🔥 EURUSD Price Action Explanation 🔥
📉 Current Trend: Downtrend according to the 1W Curve Analysis.
🤔 Buyers' control potential from 1.08774 to 1.09054, but 1.09054 itself indicates bearish sentiment.
🖥 High-Impact USD News: Anticipate price action pushing up 30 pips towards the Supply Zone/Resistance Level (1.09054) on the first Friday of the month.
TRADING OPPORTUNITY
Minor Support & Major Resistance: 1.08774 could act as support, pushing price to 1.09054 resistance. This offers a Sell Limit Order (SLO) opportunity at 1.09054, potentially continuing the downtrend.
⚠️ Counter-Trend Trade (For Risk-Takers Only) ⚠️
Take Profit (TP) at 1.0900.
Buy Limit Order (BLO) at 1.0880
This is against the main trend and carries higher risk
KEY POINTS
*️⃣ Signals are based on TEMASHA 5.0 indicator and 1W Curve Analysis.
*️⃣ High-impact USD news can create temporary retracements in downtrends.
*️⃣ The provided trade opportunity is a counter-trend trade and carries higher risk.
🚫 Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any trading decisions.
📉 Current Trend: Downtrend according to the 1W Curve Analysis.
🤔 Buyers' control potential from 1.08774 to 1.09054, but 1.09054 itself indicates bearish sentiment.
🖥 High-Impact USD News: Anticipate price action pushing up 30 pips towards the Supply Zone/Resistance Level (1.09054) on the first Friday of the month.
TRADING OPPORTUNITY
Minor Support & Major Resistance: 1.08774 could act as support, pushing price to 1.09054 resistance. This offers a Sell Limit Order (SLO) opportunity at 1.09054, potentially continuing the downtrend.
⚠️ Counter-Trend Trade (For Risk-Takers Only) ⚠️
Take Profit (TP) at 1.0900.
Buy Limit Order (BLO) at 1.0880
This is against the main trend and carries higher risk
KEY POINTS
*️⃣ Signals are based on TEMASHA 5.0 indicator and 1W Curve Analysis.
*️⃣ High-impact USD news can create temporary retracements in downtrends.
*️⃣ The provided trade opportunity is a counter-trend trade and carries higher risk.
🚫 Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any trading decisions.
Professor C. E. Ward
