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Eurusdtechnicalanalysis

EURUSD → Second Rejection at 1.10! Short to 1.06? Let's Answer.EURUSD was rejected twice at the Resistance Zone and ended last week with a bear bar closing on its low! Should we short here? How do we trade this? 🤔 Short answer (pun intended!), yes! My analysis from last week showed the price action around 1.078 which is right on the EMA support ribbons. Too far away from resistance to short, too far away from the Support Zone to long. The EMA ribbons themselves are support as we now can see, the price action has bounced off of them back to the Resistance Zone. Now that we've seen a second rejection, that's our confirmation to short. The first was our signal, second our confirmation and because the bar closed on its low, we have optimal probability to enter a short position here. Target 1:2 Risk/Reward with a protective stop just above the double top at 1.10, then target the 1.06 area to take profits. Look for a bull response at the 1.06 area, a potential long opportunity using the same trade management style as this one. Refer to my analysis from last week for that setup: Additional Note: We're trading the Daily chart here, this trading range came after a bull channel which in isolation, should give us a long bias while we're between 1.06 and 1.10. However, zooming out to the Weekly chart shows us we're rejecting price off of the 200EMA. It's reasonable to have a short-term bull bias in this range, but caution should be used in either direction because of that Weekly 200EMA. 💡 Trade Ideas 💡 Short Entry: 1.089 🟥 Stop Loss: $0.955 ✅ Take Profit: 1.057 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two Rejections at Resistance Zone, Bias to Short. 2. Second Rejection Bear Bar Closing on its Low. Run Short to 1.06 Area. 3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons. 4. RSI at 55.00 and above Moving Average, Needs to Fall Below. 5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry. 💰 Trading Tip 💰 Probability of profit increases dramatically when you wait for what is called "confirmation" on the chart. This comes after a signal bar closes, indicating the next moves on the chart. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
EURUSD Longs from 1.09550 or 1.09200I anticipate EURUSD to wait for a decline in selling pressure and for the price to enter a demand zone, providing an opportunity for an upward buy. Currently, my focus lies on the two 5-hour demand zones that triggered the recent CHOCH. This bias is more favorable as it aligns with the existing bullish trend in the EURUSD market. Despite my overall bearish outlook on this market, the ongoing bullish rallies remain robust. Furthermore, I anticipate further upside in the market to eventually reach a more premium supply zone. Confluence for EURUSD Buys are as follows: - Lots of liquidity left above in the form or trend lines and asian highs. - Two demand zones on the 5hr time frame that has caused a CHOCH to the upside. - This idea aligns with the temporary bullish trend that EURUSD has generated. - Selling pressure is slowly getting exhausted and is pending an accumulation. - For price to continue going higher and create a new leg it must react off a near demand. P.S. The price has responded to a 50-minute supply zone, initiating bearish momentum. Now, I am anticipating the price to descend and undergo accumulation within the specified zones I have identified. Comment your thoughts below and let me know what you guys think of EURUSD's current price
Long
by Hassan_fx
7 Dimension analysis for EURUSD🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high. 🟢 Inducement: Completed. 🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum. 🟢 Internal Structure: Choch (Contraction) observed. Ext OB mitigated, indicating a potential reversal. 🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement. 2️⃣ Pattern 🟢 CHART PATTERNS Raising Wedge breakout signals bearish continuation. 🟢 CANDLE PATTERNS ey Considerations: Record session count with a Change in Guard (engulfing) candle, a strong reversal sign. Momentum signals, including strict engulfing and a last bullish FOMO candle. 3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias. 4️⃣ Momentum RSI: 🟢 Momentum State: Sideways zone. 🟢 Range Shift: From bullish to sideways with a loud move. 🟢 Loud Moves: Bearish loud move observed. 🟢 Overbought/Oversold Rejections: Count of 3. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band provides support, but momentum suggests potential breakage. 🟢 Formation of a W pattern at the top of the move. 6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Supply area and extreme Order Block. ☑️ Candles Behavior: RSC, Momentum - both patterns are bearish. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell right now. 💡 Decision: SELL. 🚀 Entry: 1.08450 ✋ Stop Loss: 1.1030 🎯 Take Profit: 1.0143 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.75 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
3
EURUSD Longs from 1.08000 up towards 1.10500The bias for the EUR/USD this week remains bullish, given the recent downward break in the DXY (Dollar) structure. Currently, the price has responded to a supply zone, leading to a partial retracement. My anticipation is for the price to continue its descent towards a demand level, creating an opportunity for me to consider buys within the ongoing bullish trend. The demand zones identified on the 10-hour and 2-hour charts triggered an impulsive upward movement, leaving an imbalance. Recognising this pattern suggests that the price is likely to revisit these levels and react in a bullish manner. Confluences for EURUSD Buys are as follows: - DXY (dollar) continues to break structure to the downside indicating that EU will rise. - Lots of liquidity to the upside that hasn't been taken in the form of asian highs and trend lines. - Demand zones haven been left on the 10hr and 2hr below the levels of imbalances. - The price also responded to a near by 23-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. Additionally, I acknowledge the possibility of the price ascending and reaching the Asian high, which is in close proximity to the current price. Should this occur, my expectation is for the price to respond to the refined supply on the 50-minute chart above it, or potentially rise further to establish a more favourable sell opportunity. I would also love to hear you guys thoughts on this pair so be sure to leave a comment!
Long
by Hassan_fx
#EURUSD: Possible short term selling opportunity! Hey Everyone, DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be divided into two, close half of the position at target one and keep the rest of the position running for price to reach our target two. If you like our work and analysis, please like the idea.
Short
by Setupsfx_
8
EURUSD - D1\H4EURUSD D1 - The price has corrected by 60% from the impulse of the 1st wave, which could potentially form the beginning of the 3rd wave and lead to a decline to the levels of 1.05409 H4 - To consider the entry, it is better to wait for the formation of a 3-wave structure and consider the entry, at the moment the price may also continue to rise. After confirmation of the pattern, it will be possible to consider targets for D1. What can you expect? Waiting for a 3-wave structure and considering selling; if you are considering entering from these levels, reduce your risk so as not to fall into a continuation of the upward movement. Short Target during pattern formation 1.06636 - 1.05409 - 1.04283 - 1.02488
Short
by Trade_Hive_Signals
EURUSD - D1\H4EURUSD D1 - The price has reached level 161, which may lead to a potential correction and the formation of the 2nd wave. The price may correct by 50-60% of the impulse. H4 - The price has formed a 3-wave structure, with a breakout of 1 wave, which may lead to a correctional ABC structure to the levels of 1.08721. The risks should also not be increased for a corrective movement. What can you expect? You can consider entering from the level of ~1.07818 with further movement to the target 1.9019. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.07414 or the 1st wave - 1.07216. Long Targets 1.08155 - 1.08367 - 1.08721 - 1.9019
Long
by Trade_Hive_Signals
EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
by fxtraderanthony
EURUSD Technical Analysis And Trade IdeaIn the recent times, EURUSD has broken market structure to the downside, indicating a possible sell opportunity. This video presents a detailed analysis of this trend, meticulously examining price movements on both the weekly and daily charts. Please note, the content presented here is purely educational. It's crucial to emphasize that while the analysis provides valuable information, it should not be interpreted as financial advice or guidance.
Short
by fxtraderanthony
EURUSD Longs from 1.07000 up to 1.08800This week's forecast for the EURUSD aligns with the breakdown observed in GBPUSD, indicating a positive correlation between these pairs. In the case of EURUSD, I anticipate further downward movement to reach a 19-hour demand zone. Following this, I expect a bullish reaction, propelling the price upward towards a more favorable supply zone for a potential sell-off. Additionally, there is significant liquidity positioned above the current price, providing an additional rationale for a retracement. Given the recent bearish trend, I foresee an impending pullback, which I anticipate will occur during this week. Confluences for EURUSD Buys are as follows: - Price entering a 19hr demand zone that caused a broke of structure to the upside on HTF. - There lots of liquidity lying above in the form of Asian highs and trendline liquidity. - Price has been moving bullish the last couple of weeks and I consider this a pro-trend trade. - The DXY (Dollar) is also temporarily bearish which means I'm expecting this pair to keep going up. - The imbalances that were left previously have now been filled so price could be ready to retrace. P.S. Although I am currently seeking buying opportunities in the demand area just below the current price, it wouldn't be surprising if the price decides to drop further to reach a more affordable zone. This adjustment could potentially result in an improved bullish position. Additionally, upon entering a supply zone, I anticipate the price to sustain a bearish trend, given the prevailing bearish sentiment in the overall market for the EURUSD.
Long
by Hassan_fx
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle. Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
Long
by ForexWizard01
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase. Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis. Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
by fxtraderanthony
EURUSD Shorts from 1.09700 or 1.11000EURUSD 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 optimal due to the substantial liquidity present. My preferred zone is the 8-hour supply at 1.11000, coinciding with the 0.78 Fibonacci range on a higher timeframe. Here, I anticipate a robust bearish reaction. At present, I will monitor the price for the completion of a Wyckoff distribution before considering sell positions. Alternatively, I'll await the establishment of a new demand level, providing a new buying opportunity in which we can take towards the marked supply (POIs). Confluences for EURUSD shorts are as follows: - Overall trend of the market is bearish on the higher time frames. - Price approaching a very good key level of supply, anticipating a distribution to play out. - Lots of liquidity below to target in the form of asian lows, equal lows and imbalances. - DXY is also overall bullish long term despite the short term bearish trend. - In order for price to push higher it needs to retrace from a level of supply. P.S. won't dismiss the chance of this demand zone failing, considering that the price has mitigated the second time it has now created relative equal lows. Moreover, there's a direct imbalance below that price may seek to fill before initiating another decisive upward move. However, given the current state of the EU market, adaptability is crucial, given the presence of numerous liquidity areas and zones of lower quality.
Short
by Hassan_fx
2