Market Analysis PT2/2 (1st May 2024) EURUSD Analysis On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from. Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute...
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on...
My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling...
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...
After some back and forth price action, EU continuos to show news signs of bearish market from previous weeks. Expectations are on the charts, use lower timeframes and your entry confirmations to find bearish entries.
EU had a big bearish move from the daily order block coming to tomorrow i would be looking for sells only from the 1h order block if we respect it or little bit above
This is more a me predicting how price is going to move so if anything changes or doesn't go how I'm expecting I will update the analysis. Right now I'm expecting price to break above which will create an inducement zone. Once that's taken out and we see a bearish choch we can expect the 4H to give us a pull back before the internal switches bullish. You can...
EU is reacting off of a previously unmitigated zone which caused the pullback. Although we are bearish on the 4H swing there is a good chance we can break above it because of where we are reacting from. If price does not give a bearish choch Then I will not be shorting EU. I will update my analysis with a video as there is a lot to explain if we break above the 4H...
EUR/USD has experienced a change in character on the 4-hour timeframe, indicating a potential pullback down for further continuation up, suggesting a shift in bias to the upside. The price has recently exhibited a bullish sentiment, and traders may now be looking for buying opportunities in anticipation of an upward move. On the 4-hour chart, the market has shown...
Been holding a trade in EU since 1st march had some LTF entries aswell 2 close in wins and 2 loss 1% risk each and the main trade is still running from 1 march. Today im looking at another LTF entry in the 15min chart
1h order block rejection swing short trade target last low price
From my previous Post on my EURUSD set up as you can see we almost made our TP although we made some amazing pips even though the market is not fully operational In this set up i was able to see the Elliot wake formation and capitalize on it bringing out the new entry on the last wave then i'll be looking to see what happens next stay tuned for more follow me...
EURUSD update from my past setup EU has been really slow these past few weeks making only slight major moves but i hope to see some really nice moves in the coming week because i see a lot of liquidity been taken at the current high and there is a nice resistance i personally like EURUSD will be more like a very good study for me during this week probably till the...
Quick short For around 25pips High rrr Should go down but overall market is bullish so long term long
This presentation is my personal analysis of EU and my thoughts of where I see price going in the short term. I tough on key levels where price should have high levels of sensitivity, seeking lower prices. Have a nice trading week. Bless.
EUR/USD finaly broke out of the consolidation. Not only that, it also took out some sellers. What now? I believe it's to early to jump to conclusions, BUT... I do prefer shorts at the moment, since there is not enough bullish volume for my taste. If we do se buyers coming in to the market, and signs of trend reversal with that... we might just shift to longs...
As we've seen, eu has failed to break its resistance points, the two peaks of the first two highlighted circles. I haven't actually opened this trade, as I'm finishing for the day!