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EU which is highly correlated with USD will depend on how USD move,vice verse. Therefore similar conclusion ...wait for breakout if u want clearer directions.
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First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: MIxed
Gold & Silver:...
Pair : EURUSD ( Euro / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
RSI - Divergence
Fibonacci Level - 50.00% / 61.80%
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Price have formed a double bottom patter on the 4hr support level. We anticipate a pullback to the neckline created in the 1hr timeframe and a continued price growth 🔥⬆️⬆️
Hello, good afternoon, after a while I will share these trade ideas with you again, this is regarding the EUR USD pair to enter short, following the 1h trend which is bearish until the last minimum which would be 1.08000, let's hope it is favorable and Let's get favorable results, what do you think?
👋 Hello, Forex traders!
Let's talk about rumination in trading. What is rumination? Rumination in trading is the process of going over previous trades and market situations in your head. Trying to understand what went wrong and to think of a better way of doing things. In "moderate doses" it is analysis. But when a person thinks about it all the time and in a...
FX:EURUSD : on the daily chart we have a Market Structure Shift (MSS). we can clearly distinguish the beginning of a retracement which will come to an end in two scenarios. the first scenario is the blank one that the market will try to hit the lower liquidity by beating the gap. the second scenario will instead bounce on the first lower gap attracted by the...
EURUSD Is potentially setting up an ABCD move, PCE data came in and met expectations, with this being a major factor as to when the rate cuts begin, as the FED stated they needed more confidence, perhaps this is the start of a bullish move in the USD crosses, On Friday we saw massive momentum in the Indices and XAU, Maybe we see that move develop more next week.
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The weekly candle will do 1 of 2 things today.
It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant)
or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst
0:0 Intro Monthly/Timeframe
0:58 Daily timeframe
3:43 Weekly timeframe
5:43 4Hr...
I love how uniform FX:EURUSD daily price action is looking.
We are currently trading at the upper displacement daily FVG with Thursday being the day we witnessed an explosive run up to 1.08884 before closing inside of the range of previous daily candles.
1.07963 is in the air for short targets.
My philosophy is simple...
Fortify Michael J Huddlestone's...
selling EURUSD around 0.9467-0.9722 the reason is taking this trade is next week news am going with long sell and i place. Those point they have been not touched i expected they could retracement between above point i mention above.
selling EURUSD around 0.9467-0.9722 the reason is taking this trade is next week news am going with long sell and i place. Those point they have been not touched i expected they could retracement between above point i mention above.
The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0861 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0822 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0881 ahead of the 1.0900...
Large Wyckoff reversal model.
- Price is trying to break the trend line
- Price is forming a triangle
- The price made a false break of the lower boundary of the sidewall
- 12-month timeframe shows fractal reversal with three bars
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a...
