This this chart is read using the volume waves and Speed Index 1. Large Down Wave but Speed Index 11.6 is very high compared to previous SI numbers which means that buyers are stopping the down trend. 2. Largest Up Wave after a long time with normal SI= more buyers 3. Very Large Up Wave with normal SI = more buyers Therefore Long is the trade!
1. Higher Timeframe Daily IRL -> ERL 2. 4hr displacement -> entry on 4hr pullback into FVG 3. standard deviation used on 4hr displacement to find take profit area 4. risk model used 2:1 with monitoring of trade by trailing stop of 4hr close Entry: 1.06588 SL: 1.06900 TP: 1.06150 Risk: $1,638 Reward: $2,299.50 Lots: 1.75
Still pegging off my last idea update Anticipate price to take out the previous support zone before I see continuation to the upside
On 15M timefrime sell side liquidty swept, expecting a retracement back in to the 1H FVG, and from there back down to continue the downward trend. TP1: Asian low liquidity: TP2 Open
Hello for next week I am looking to long the eurusd pair around 1.08 area. This is because the price is aleady around the weekly strong support and moving to the weekly resistance above around 1.093 - 1.094. To add, if you look at the h4 timeframe, there is a resistance becomes support and this is a good indicator of it to move upwards. Strategy - swing...
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
Technical Analysis and Outlook: The Eurodollar has completed our Inner Currency Dip of 1.060. However, further selling pressure is reviling a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim Dead-Cat rebound to the Mean Resistance...
We observe a pronounced bearish signal on the EU Daily chart. The recent breach of the last higher low suggests an increase in bearish momentum, indicating a strengthening bearish trend. The supply zone has already been retested, setting the stage for a potential move towards a new lower low. A downtrend of 500 pips is anticipated in the near future.
The Euro/Dollar (EUR/USD) pair is currently at the level of 1.0600, having recovered from the start of its decline. Spurred by news reports about the escalating conflict in the Middle East, which boosted the value of the US Dollar (USD), which led to the decline in EUR/USD.
The market is currently in a downtrend, but it may begin to reverse and form an uptrend once the heads of TF60 and TF240 are broken, in that order.
Another bottom catch signal just appeared on 17-Apr Buy above 1.065 (above high of daily candle 16-Apr) CL at 1.060 (dropped below candle 16-Apr) TP : tba (wait for purple bar appears - if available eg. 7-Mar) *Note: Yellow (up arrow) & Blue (down arrow) are manually edited, not part of indicator. #forex #bottomcatch #eurusd #technicalanalysis
EURUSD Trading Journal Analysis Fantastic delivery today. My sentiments were achieved. Price opened after a an energetic drop to my anticipated sell stops. ( Even though I noted buys stops opps). Price took the sell stops in Asia then a reversal to the buy side gravitating to my noted 1 hour IFVG I noted it would run to. Very pleased.
I think the consolidation is too clear, isn't it ? The closest zone is the marked support zone, do you know what that means ? It means we have liquidity baby ;) Keep it Simple! If you like it, don't forget to follow me :)
My current stance on the EUR/USD currency pair is bearish. Although various experts online are positing optimistic projections, my personal sentiment diverges from this consensus.
Expecting to see price tap into this daily IRL and then move to the ERL going into tomorrows open I'm looking for shorts
before buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk...
If this higher fractal wave down is coming in, its these levels I'm looking to short from. We may even see nice pull back up here in the very near future to give us a nice higher price to short from. To confirm that entry you want to find the completed Sub-Wave/Smaller fractal wave, which would be a smaller fractal wave 1-2 correction (ABC corrective wave)
The euro isn’t as exposed as higher-beta currencies to a potential escalation in the Middle East, although extending the dollar considerations above, substantially higher energy prices could lead to a more structural bearish stance on EUR/USD. While we have been highlighting how a much stronger terms of trade and economic-fundamental position of the euro compared...