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...
EURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the...
FX:EURUSD
Overall structure based on the weekly, daily 4h and 1h is bearish. Price closed below 1.08368 4h support and made a retest as resistance with a bullish engulfing candlestick being an entry confirmation to continue sell bias
Opportunity for Short scalp trade with a success rate of over 75%
The price is likely to hit TP with a 75% chance, You can manage your position
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
Well as you can see, the price broke the major low, so we are bearish now and looking for a sell setup.
In this case, we can define the supply zone (the bearish order block).
If the price reaches this zone we can execute the sell position with LTF confirmation.
Please pay attention it's not investment advice.
Do your own research.
💡Wait for the...
EURUSD presents an intriguing scenario as it recently responded to a 10-hour demand zone, potentially signaling another upward rally. Since clear buying opportunities are currently lacking, I'll be patient and wait for the price to enter a supply zone, providing a chance to catch a potential pullback. However, it's worth noting that these zones are not the most...
EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another...
looking to take this down with the lower time frame trend. I will be entering only on confirmation as this could also reverse back through the poi and continue the higher time frame bias
Price moves for two reasons in Forex- to fill imbalances- and to areas of liquidity aka Timmy-Jimmy-Bobby-Karen-and James nem Stops and Limit orders :) This is the 4hr TF of EURUSD. This is the beginning of a very strong downtrend. There is a HUGE Edge to be in on a trend when it starts. We are going into the last month of trading and the market consolidates and...
Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call.
Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic...
FOREXCOM:EURUSD is bullish in the Daily, it has:
1. Bounced from a demand zone
2. Swept a low before the push
3. Slightly reacted to a Daily Supply
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The 4H Chart shows:
1....
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
After beeing stopped out of my last Short at EURUSD (See related idea). I took a look at the monthly chart.
Price is currently at a big support level. If we should see further movement down, (i would prefer to see 2 monthly open and closes under "Support area 1) i will look to short on a retest of said support area. SL would be based on a LTF however i would not...
