In this update we review the recent price action in the EURUSD and identify the next high probability trading opportunities and price objectives to target
In this Euro update the waves have made themselves pretty clear in that we could be about to breakout higher. These shallow corrections consolidating at the highs conform with Wave 3 price action. Would not be surprised if we start to move up with extreme force in the coming days. Regardless of the waves all I see here is continuous higher highs and good...
FX:EURUSD Here is my idea please let me know your thought on this.
Today (24/01/2023) we saw E/U retrace ~70% of yesterday's range with a large institutional sponsored move to the upside during the London close. Looking at daily objectives for this pair, they have not yet been met so I expect bullish E/U. We may see swing to the upside during London Open to take Asia highs then a drop retracing ~70% of yesterday's low before...
There is 4H MacD Divergence and price is currently retesting the top of the range after the break out. There is an uptrend on the higher timeframes. Priice is showing signs of getting ready to drop and make a Higher Low, however we need to monitor if price re-enters the range or if it respects the top break-out, there is a chance it could push higher before selling.
It appears that all that was required was patience... Eventually it has led me to a fairly clear count that indicates further strengthening of the Euro versus the US Dollar. The setup is becoming much clearer now that we have a 1-2 setup evolving for what appears to be the start of Wave 3. After trying many combinations of labelling using AriasWave, I must...
hello trader.. the price is of euro is all depend on the strength of the USD dollar or DXY... DXY is currently oversold and starting to make bullish moves... there could be minor bearish move in dxy but that's about it euro can drop to 0.84 if dxy is all time high 1.03 is initial target because indicators showing oversold... good luck to everyone..
The euro-dollar continuously stayed close to our newly created Key Res $1.086 this week and displaying a solid movement towards Outer Currency Rally $1.110 as specified in EUR/USD Daily Chart Analysis for December 30. However, be aware that this puppy is prone to breaking downwards to Mean Sup $1.078 and possibly $1.070 to reignite upward action Outer Currency...
In this video I attempt to explain the recent choppiness we have seen in the Euro. I recommend only trading these moves if you have good risk management and really understand what the waves are doing. This video serves to help you prepare for what the next few weeks will bring. Trading these next few moves could prove to be fairly profitable as bear market...
DESCRIPTION: In the chart above I have made my best attempt in attempting to provide a MACRO VISUAL AID for the current state of the EUROPEAN MARKET. POINTS: 1. DEVIATION was estimated using highest point of 5500 POINTS & LOWEST POINT OF 2000. POINTS were summed and divided by 2 giving an average and same was done for all other SUPPORTS (WHITE LINES). 2....
• Daily EURO/DOLLAR chart, zooming out back to 2021, where the 1.5 year downtrend started • Short term, trend is bullish, higher highs higher lows • Rising wedge forming, a bearish reversal pattern • Resistance levels becoming support levels, a clear sign of an uptrend • However, looking at the big picture changes the outlook a little bit • Drew Fibonacci...
So I'm a simple guy with a very simple idea. Price moves between areas of volume. As an example over head supply is very important to my views of markets. It is very easy to spot as you can look at higher time frames such as Weekly and Monthly. Then look at where it moves up and down through time. In the image below I show a black line to show where overhead...
Seemingly in a flat correction, EURUSD should find upside termination near 108 and support near the level of 104 in the days ahead.
euro have been pumping real hard past week and there is a strong resistance in the way so from my prospective i think it's time for euro to go down it did have a really good run but neither the news nor analysis aren't bullish for euro i will look at some sells this week do Ur own research.
I don't really recommend this long trade due to the choppy nature of the expected prices action. In saying that no one ever knows what these markets are capable of. If you really want to know why I say that, then I suggest you check out the video in related ideas, it explains everything. There is a fair chance that this could get you into the larger move to the...
Using the conclusions from all of the analysis from the past week, it's time to understand what is happening at the smaller degree. I have been wanting to post a Euro idea so badly in recent times, but I felt like I couldn't do it justice until now. So here we are, and I have a really in-depth video about what the waves are doing here. I have carefully sifted...
Technical Analysis and Outlook: The euro-dollar has bounced strongly from Mean Sup 1.052 as specified EUR/USD Daily Chart Analysis for January 6. The prevailing up path to the newly created Mean Res $1.070 and Key Res $1.078 is completed with the eye towards Outer Currency Rally 1.1100. However, be aware that this puppy is in the process of breaking downwards to...
First, I think you should take a look at the January 11th post to get a better perspective on today's analysis.👇 As I expected the Euro /U.S.Dollar to rise to the resistance zone and complete the end of the main wave 5, now I expect the Euro /U.S.Dollar to decline at least to the end of the main wave 4 and EMA 50 (Daily TF). 🔅Euro/U.S.Dollar Analyze ( EURUSD )...