As long as the price fluctuates above the green support range, the start of an uptrend is likely. By consolidating above the red range, it will be possible to continue the upward trend up to the indicated resistance levels
This is my Intraday analysis on EURUSD for 19 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m Prior to delving into the Intraday Analysis, I emphasized the significance of the ongoing Weekly Analysis, particularly in light of heightened tensions in the Middle East following Iran's strike on Israel....
In Friday's Asian trading session, EUR/USD continued to decline below the 1.0640 level after reaching a peak near 1.0690 on the previous Thursday. Comments from officials at the Federal Reserve (Fed) provided some support for the US Dollar, driving down the EUR/USD pair. On the 4-hour chart, we observe that prices have tested all the SMA lines, indicating that...
EURUSD 1 Hour Trading Journal Analysis Prices delivery was amazing. I suspected that price would deliver to a noted 1 FVG and Equal Lows and boom it did. I anticipate that price will seek the 1 hour IFVG and seek buys stops tomorrow. Wake up and see.
EURUSD is falling toward the pivot point and could potentially make a bearish breakout and continue to fall to the support level that aligns with 161.8% Fibonacci extension Alternatively, if price bounces off the pivot, it could continue to rise to the swing high resistance Pivot: 1.0610 Support: 1.0550 Resistance: 1.0689 Risk Warning: Trading Forex and CFDs...
The EUR/USD pair climbed to a higher level, reaching 1.0672 on Thursday during the early Asian trading session. This uplift was reinforced by fresh selling pressure on the US Dollar and a risk-friendly market atmosphere. Investors are poised to monitor several key economic releases later in the day, including the weekly Initial Jobless Claims, the Philly Fed...
Didnt get the retracement you'd typically like to see, so we could see a sneaky slight push lower before putting in the actual move lower as depicted here, but so far it seems like we aren't getting that deep pullback and the waves are all there on the lower fractals...sooo this could be super bearish for quite some time.
Short term Elliott Wave view in EURUSD suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave B ended at 1.098. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from wave B, wave ((i)) ended at 1.072 and rally in wave ((ii)) ended...
I think most wave traders would agree that plotting out the major direction and its general wave structure isn't that hard to do, but its when you get into the smaller fractals/waves where it can be challenging to make the right decision on a day to day (intraday) basis.... this was hard for me to accept (nearly 10 years) that you're not going to call the market...
Yesterday I gave a long on dip at 1.0634. But this morning we just hit it and slice through. Bearish price action now on war news. 1.0634 should act as resistance. But if can reclaim the level, be careful with shorts, as we should see a rebound to 1.0658.
M15 Internal is bearish, we are expecting a pullback
4H Swing is bearish, Internal Structure is Bearish, We are expecting an Internal pullback.
Daily timeframe is Bearish, internal is bearish. We are expecting internal pullback. 4H Swing is bearish, Internal Structure is Bearish, We are expecting an Internal pullback. M15 Internal is bearish, we are expecting a pullback
Head and shoulder formation on 1D chart. Possible downside of EURUSD pair
4hr uptrend, 4hr demand entry into 4hr supply, 5:1 RR. Shorter term trade.
This is my analysis on EURUSD. Price failed to create a new LL and in stead created a HH which resulted in a BOS at 1.06425. Currently waiting for price to drop to the imbalance candle (fair value gap). Once there I am going to wait for price to respect that area and go for longs.
EURUSD looking to pamp soon over the next couple of days/weeks with the first TP to be at around or under 1.07337. 2nd TP would be 1.07860, near resistance coinciding with swing low of previous range. Stop loss would be under previous breaker candle - with this set up it would be a RR of 7.5 for TP1 and 17.5 for TP2. risking roughly 14-16pips for 150-200pips...
eurusd changed to bullish, lots of liquidity above and imbalances