Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07950 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07950 support and resistance area.
Trade safe, Joe.
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...
I have sells on EURUSD. We have a break of structure at the daily timeframe which is favoring bearish movement (meaning USD is gaining bullish momentum). After the break of structure, we have a trend line and retest of a major level which is confirming a push down. Confirmations are giving vibes of a bearish market.
Greetings, EURUSD traders!
As we bid adieu to the week, the EURUSD pair has steadily painted a canvas of decline, seemingly aloof to the market’s whispers and headlines. The downtrend narrative continues to unfold with unwavering consistency within its well-established bearish corridor.
Currently poised at 1.078 USD, the scales seem to tip in favor of the...
I did up the plan but it was not saved, twice! But anyway, I did not provide the plan on Friday as it was Good Friday but Thursday's plan worked perfectly, as we caught the top and a 50 pips down move to the price target. Friday, EURUSD dipped further but went up on PCE data.
IMO, Friday's move might not be representative as it was on low volume. Overall, I am...
Dollar gained strength over this pair, and has just finished forming a lower high on the smaller TF. Perfect area of entry with bears getting back in the game early this market week!
-Sosa 'TheForexTeller'
EURUSD Buying Setup- Long the Trade since Market has formed new HH after clear Bullish divergence which is sign of Expected Bullish Rally. Accordingly TP has been Set. Marking SL to minimize the Risk as last LL of Bearish Trend. What are your ideas on this Analysis?
EURUSD
Pivot 1.07870
- If the price is higher than the pivot, open long target TP1 at 1.08195, TP2 at 1.08590, and cut loss if the price is lower than the pivot.
- If the price is lower than the pivot, short target TP1 at 1.07680, TP2 at 1.07380, cut loss if the price is higher than the pivot.
***Please money management***
EURUSD 4 hour Trading Journal
Price started the week rallying to the .618 level before declining for the week in seeking sell stops.
Price rebalanced a FVG from Feb 20. Price did take out sell stops at my noted daily equal lows. I do anticipate that price will seek the equilibrium
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
- Price reached last week 1.07700 order block sweeping the internal liquidity (bullish sign).
- We can predict the price to reach at least the last highs created at 1.08650 and order block at 1.09000 levels.
* Pivot for confirmation: closure above 1.08050
