My idea of a possible short on 🇪🇺 /🇺🇸 EUR/USD open position on a supply, target on end of impulse and stop loss above supply
EURUSD Short 19/04/2023, this is my position today, i have now to manage it because my TP can be RR = 1/30
The price doesn't strong enough to break the supply area, after breaking the resistance area and there's a strong candle signal to make the price make a bearish trend, I set it to sell setup
Wouldn't hold my breath for usd to go lower when NFP comes in bad i believe the bad news is already priced in and if we dont go to far off forecast the dollar may get a relief rally liquidating shorts on the dollar allowing institutions to get a better price on their dollar shorts. In short dollar will go down but not yet. Dxy could be at 103/104 by end of Friday....
Events leading up to this idea are detailed in the linked Idea if you'd like to catch up on the story 😊 Looking at a potential short oppurtunity off the 1.092 area. It's a key 4 hour level and we have used it a few times before, so it is well defined. I expect price to drift up to the 4 hour level, reject, possibly retest close by and then head down (more od a...
same as other USD pairs, we will take the lead here from USD and not EUR currency strength. With all the fundamentals towards USD , i am of the opinion that EURUSD top is here with a potential short setup with 1. SELL at or near : 1.0831 SL 1.0950 TP 1.0 543 the trade might take time as USD is still waking up and EUR is still about to reach its resistance...
Going short on EURUSD for 100 pips will be adding more entry's with every break and re-test of each trend line.
These charts are showing 10yr treasury notes, 10yr bonds notes, Dollar Index and EURUSD. MY analysis is showing that 10yr notes refused to make a higher high and 10yr bonds refused to make a lower low despite dollar index pushing lower just before friday close. This is signaling to me that this was just a pull back/retracement for a short continuation this...
FX:EURUSD So as far as I see this pair for the week I am mainly bearish as we can see price broke below resistance and now has retested that same resistance so we could be seeing this pair selloff this week but due to recent events happening to the economy I will ask you all to please trade with proper risk management to avoid you loosing your account
EURUSD will resume bearish move after restessting resistance zone.
SNIPER TRADING SYSTEM: Simplicity is the key. There is genius in simplicity. 12 AM 1hr Candle is RED indicating we are looking for the Bullish Set Up. So we sell EURUSD to the 3rd or 4th Standard Deviation where we will hunt the BUY SET UP. From one extreme of the ADR to the Bottom. The goal of a Sniper is to catch as many pips in the Daily ADR that the trend...
Overall in a bearish trend with consistent LH LL pattern. Pair seems to be testing the level of 1.06279 which can be potential entry point for shorting towards the next level. EP: 1.06257 SL: 1.06492 TP: 1.05827 RRR: 2.19
This pair has formed an ascending channel with a 3 touches which means its a valid channel so now we're waiting for a candle to close below the third and last touch to confirm the change of direction But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point Follow me for updates and more trades Please don't...
EURUSD bulls tried to go past the 1.10 price mark last week, but it faced strong resistance in the new high at 1.10 , then it closed the week at the price of 1.079 due to the strength gained by the US Dollar because of the FOMC and NFP new reports last week, and if you look at the picture, It was clearly a breakout trade of a rising wedge pattern in a weekly...
The weekly close was very bearish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
#EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. This time after the FOMC, the dollar became even more WEAK. Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. Stay tuned for FED UPDATES and US DATA. -...
Observation: Price momentum weakening at previous 4H high, 30 min and hourly body has closed below previous high Overall trend: price has broke 4h structure bearish Confirmation: broken structure lower time frame and hourly close below. Entry: slightlty late Stop: above previous high on lower tf 20 pips
EUR/USD ::: The price has tried several times to break this long-term resistance, but so far it has not succeeded . The price is moving in a downward channel and this increases the probability of a fall . The probability of the channel breaking is low, but if it breaks, we will see a big price increase . Good luck .