The FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the...
Daily Report Card
1.Nov 21th 2023
2. How I Feel ?
Overall I feel pretty Neutral
3.Goal: Insert my daily sole focus that I will consciously work on
A. I am going to follow my trade plan perfectly.
Reminder or Aphorisms for Myself
-Be Selective, Only Trades worth writing up I will trade
-Don't waste my time on trades are lower probability
-Gameplan Halts - Max 3...
A #short trade opportunity recently presented itself on the #eurodollar (#EURUSD) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 1.09562 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum...
- Today we clearly have a scenario to be waiting for that opportunity to sell at confirmation, as the title says, BUT for that we clearly have to wait for the price to begin to retreat to preferably its origin zone, from the bearish impulse recent.
- Once the price enters our Offer zone, we must wait for the same scenario that we already saw to be presented to...
TECHNICAL OUTLOOK AT 4H:
1. At Resistance Zone
2. Trend Reversal Expected
3. Bearish Divergence
TRADE PLAN:
I recommend going for SELL STOP at the break of the previous HL.
"ALWAYS SEE IT BIG BUT KEEP IT SIMPLE"
Ascending channel movement. After a great impulsive move we are looking for Good correction phase like fibo level 50%. Price hit the major horizontal resistance zone and ascending channel resistance is well. I am expecting local Resistance may push the price down side towards the channel support on higher time frame a great rising wedge can also be seen. This is...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Pair : EURUSD ( Euro / U.S Dollar )
Description :
Impulse Correction Impulse , Completed " 123 " Impulsive Waves at Fibonacci Level - 61.80% or Daily Demand Zone and Rejecting with Strong Bearish Price Action with Divergence in RSI. If it Rejects then Sell after Retest
Entry Precautions :
Wait for the Breakout or Retracement
The EUR was ranging, later it broke our of the range to the upside, am expecting it to come back to the range because there is an order block, so when we get to the order block,we gonna move up a little
Overall direction was bullish.
Price formed a rising wedge at a resistance
It broke out of the reversal pattern.
Price came back for a retest on order block.
Price at a HTF area that I had my trigger on, I was always targeting this zone. I was a buyer yesterday, today im a seller.
Classic Tuesday sell model
Mitigation area, price failed to make a HH.
London session made the high
Selling in Ny session
