D: Uptrend, price retraced 50%
4H: Downtrend, price retraced 38.2% and hit -61.8 on 4H fib + RSI is Bullish
1H: Uptrend, price retraced 61.8% and hit -27 so far
CURRENTLY: I'm looking for price to go long to previous support/resistance zone at the monthly key level.
FIB Exits
TP1 @ 0%
TP2 @ 27%
IEURUSD plan on Friday worked perfectly; I was looking for a pullback on bearish divergence and it hit our first buy level and rallied back to highs. So both shorts and longs worked.
I said in my DAX tweet that I do not like how indices sell down on Friday but yet DXY is weak but from current looks, the up move for EURUSD on Friday is suspicious with bearish...
Hello dear friends, Currently, EURUSD is trading at 1.0763, continuing its short-term downward trend and losing 0.2% for the day.
Currently, the US Dollar remains strong as Fed Chairman Jerome Powell delays the timing of interest rate cuts amid escalating geopolitical tensions in the Middle East.
Amidst this, geopolitical tensions continue to escalate in the...
EURUSD
Pivot 1.07600
- If the price is higher than the pivot, open long target TP1 at 1.07980, TP2 at 1.08480, cut loss if the price is lower than the pivot.
- If the price is lower than the pivot, short target TP1 at 1.7330, TP2 at 1.06966, cut loss if the price is higher than the pivot.
***Please money management***
○ Monthly Timeframe
Bearish Choch. Price retraced towards the inefficiencies and Order Block just lying above the Institutional Price level of 1.12000
Price mitigated the Bearish order block in july of 2023.
○ Weekly Timeframe
We can see price mitigate the Monthly Timeframe Order Block and rejecting this zone on the weekly. the institutional price level of...
Waiting for a break and retest of 1.08077 to long EURUSD back to 4H swing high at 1.08917
If you agree drop a like and if you have any questions leave a comment :)
Expecting continuation of the wider bearish trend following the recent break of structure to the downside from the action packed news. Levels 1 and 0 represent the stop loss and take profit levels respectively. Entry off the 85.4% level in alignment with the order block.
👋Hello traders! In this post, I would like to introduce you to the VWAP indicator, which is used by major market participants in their trading.
Moving averages are one of the most popular basic tools of technical analysis. More than 10 variations are known: EMA, LWMA, etc. All of them, in one way or another, use the same principle of data averaging; the...
Since I'm a Elliott waves and smc trade
Those are the confluences for my trade Idea on EUROUSD.
Bullish momentum starting to show up in the recent price action, leaving FVG before the break of structure on the LTF .
I'm expecting the price to go up targeting the sell erea/supply before breaking it or rejecting from it and continue the down trend
Eurusd is not done with it's bearish move. I still think it will reach 1.06560. The COT report is much bearish.
Entry: I've 2 scenarios for entry.
1st entry around 1.07770 with stop loss at 1.07900. If th4 level doesn't hold,
2nd entry will be around 1.08080 with sl at 1.08200
Whatever your entry model is, know that the market will still seek liquidity lower.
D: Uptrend, price retraced 50%
4H: Downtrend, price retraced 38.2% and hit -61.8
1H: Uptrend, price retraced 61.8% + bearish divergence
CURRENTLY: I'm looking for price to go long to previous support/resistance zone at the monthly key level.
FIB Exits
TP1 @ -27%
TP2 @ -61.8%
Narrowing down on the EURUSD for a potential LONG position this week. Ideally looking for a pullback before the uptrend begins. Looking into placing a position around Tuesday.
Momentum currently showing sign of slowing down, thus showing as a bearish divergence.
Weekly Profile also shows that we are currently below the previous week POC, thus another confirmation of down trend for the upcoming days.
Fundamental view: based on fundamental analyses, we got a low bearish momentum with a -1/10 bearish strength on our bias scale, giving us a risky opportunity to sell.
Technical view: as we reach a supply zone in the EUR/USD, we've swiped liquidity on the top which gives us a high probability of seeing a change of character followed by a correction to a fair value...
