The EURUSD has entered the supply zone, leading to buyers liquidating their positions and promptly initiating short positions. The long term bearish trend will continue, and it was just a major pullback.
🏃♂️ EURUSD is running in the 🟢 Support zone 🟢. 🌊According to Elliott's theory , EURUSD has completed its 5-wave downtrend at the 🟢 Support zone 🟢. 🌊It seems that correction waves will start from the 🟢 Support zone 🟢. 🔔I expect EURUSD to rise at least until the end of wave 4 . Euro/U.S.Dolalr Analyze (EURUSD), 15-minute time frame ⏰. Do not forget...
Just look at this ruthless pullback breaking hearts during this monthly candle close. 0:0 Monthly Timeframe and previous Long Call 2:14 Weekly timeframe 3:34 Daily timeframe 7:10 4hr timeframe 9:50 1Hr timeframe 12:01 Fundamentals If you've been around long enough, you would understand that the monthly candle close in forex can be tricky. Price pulled up during...
We can observe a countertrend push early in the week here 0:0 Monthly timeframe and upcoming economic data this week 3:28 Weekly timeframe 4:48 Daily timeframe 6:40 4hr timeframe 9:05 1hr timeframe Will this countertrend push to the upside maintain despite obvious bearish momentum stretching from the Monthly timeframe? We'll see how far price will retrace here as...
FX:EURUSD Up Sloping Trend Line An "Up Sloping Trend Line" is a basic concept in technical analysis, a method used to analyze and forecast the price movements of financial assets like stocks, currencies, commodities, and more. This trend line is a graphical representation of an uptrend or bullish movement in the price of an asset over time. Here's how it...
Flexibility over the Rigid Ego wins. Trading with the trend Eurusd? 0:0 Monthly timeframe 2:35 Weekly timeframe 4:50 Daily timeframe 6:30 4hr timeframe 7:36 1Hr timeframe Hey everyone. A new week and a new opportunity to master our emotions and skills in the markets. Experience suggests to me that we will sell a continuation of the prevailing bearish trend....
• Technical long term picture for the Euro/Dollar pair is a bit mixed at the moment and at a critical area • The yearly rally from 0.95 to almost 1.13 represents the 61.8% retracement level of the 2021 decline from 1.22 to 0.95 • The above statement gets us wondering whether the 2022-2023 rally is a trend reversal and bullish trend or just a correction of the...
Technical Analysis and Outlook: This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
Not already positioned ? then careful about sharp liquidity grabs 0:0 Monthly timeframe 1:54 Weekly timeframe 3:26 Daily timeframe 6:02 4hr timeframe 9:40 1hr timeframe I've found that often times in the market the best thing to do is often the hardest thing to. Going against human nature is not an easy task. It take time months if not years of consistent...
What are your thoughts on the Daily Pin Bar that closed bullish? 0:0 Monthly timeframe 2:02 weekly timeframe 3:22 Daily timeframe 8:23 4hr timeframe 11:17 1Hr timeframe As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are...
Zooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips 0:0 Monthly timeframe 2:14 Weekly timeframe 3:52 Daily timeframe 8:50 4hr timeframe 13:35 1hr timeframe Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to...
EURUSD is moving in the middle of the descending channel (the middle line of the channel), and the 🔴 resistance zone 🔴 and near 100_SMA(Daily) . Also, EURUSD managed to break the Uptrend line . 🔔I expect EURUSD will fall at least to support line . Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰. Do not forget to put Stop loss for your...
Bull market structure has flipped bullish early in the week. 0:0 Monthly Timeframe 1:42 Weekly timeframe 3:22 Daily timeframe 5:04 4hr timeframe 7:30 Bearish Channel from last week 9:07 1hr timeframe The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support...
A bit of speculation here looking at dead cat bounce scenarios for the EURO as we have in the beginning of the XXI century... can we go that further down? That would mean (probably) up for the DXY and down for crypto.
FO + deep and sharp retrace toward 66% are strong signals of reversal. Fundamental Analysis is confirming a probable reversal too. These are just an anticipation. Be careful.
Technical Analysis and Outlook: The price action of the Eurodollar remained downwards as projected by Trade Selecter by completing our major target Outer Currency Dip 1.087. However, a strong rebound is possible with Mean Res 1.101 as a target. On the downside, price action might take us to the Next Outer Currency Dip of 1.070.
Market sentiment people, that's what we are trading at this point. 0:0 Monthly timeframe 2:05 weekly timeframe 3:30 Daily timeframe 5:50 4hr timeframe 9:11 1hr timeframe 11:40 recap of recent trade Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the...
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD Hello Traders, please check out my previous ideas. Just don't forget to risk-free your position when it reached the determined targets. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍ 🤑🍾Thank you for your...