Gold/EUR
Good morning, I plan to continue working in the long context following yesterday's trend. The primary intraday target is the Previous Day High (PDH). It is important to note that if the price consolidates below 1.093, the context will change to long.
EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions. This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib. The 1day RSI patterns between then and now are very similar. Sell and target...
Another one for the forex traders or fiat currency traders. EURUSD is bullish on weekly as we are currently at Entry for Long Orders, Then based on this Timeframe, you can execute long orders at current price, i took my entries early but market might correct a bit back to entry. We have just finished or completed correction, and about to continue going up from...
This is my Intraday analysis on EURUSD for 13 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Continuation Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
Greetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish...
EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30)...
Last Friday, EUR/USD reached its highest level since early January, climbing above 1.0983 before reversing course during the American session to close the day with minor losses. As Monday's morning session unfolds, the price action is characterized by an Inside bar pattern on the H4 timeframe, indicating a period of consolidation as traders await a breakout in...
All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent price rejection at a resistance level. This suggests a potential shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of...
EURUSD hit the 0.618 Fibonacci retracement level and got rejected. This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did. Trading Plan: 1. Sell if today's candle closes in red. Targets: 1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50...
This is my Intraday analysis on EURUSD for 12 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Pullback Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
EURCHF - 24h expiry Setbacks should be limited to yesterday's low. Our short term bias remains positive. The bullish engulfing candle on the 4 hour chart the positive for sentiment. The dip was bought into but, the rally has also stalled. We look to buy dips. 50 4hour EMA is at 0.9583. We look to Buy at 0.9583 (stop at 0.9561) Our profit targets will be...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.09200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09200 support and resistance area. Trade safe, Joe.
EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top. ## If you like our free content follow...
This is my Intraday analysis on EURUSD for 11 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones,...
As expected yesterday, the Asian session traded sideways. Nevertheless, the euro remains in a long context. I plan to initiate a position only after the liquidity is cleared below.
The EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial...
EU markup here with almost the same thing as GU with a nice run of the highs on Friday. Looking for a drop here early on our week to lead us into a potential lower priced buy move, mainly we are looking towards our last low as liquid and the demand responsible for the push above our major highs on Friday. il be looking for low risk shorts from our liquid sweep...