Hello everyone, for the EURUSD, if it takes the liquidity from the bottom, there is a strong probability that it will rise again.
Hello, everyone, and welcome, subscribers. Please share your personal opinions in the comments. We kindly request your boosts and subscriptions. Expectations for a rate cut have increased due to the Fed's more dovish stance than anticipated at the FOMC meeting and the slowdown in the US labor market. The Fed's first rate cut of the year is forecasted to begin in...
Trying to know what the day has to offer Yeah, so the day I mean today’s Tuesday and looking at the chart ( EU) now we just hit our daily FvG on Friday during NFP, you know, so I’ll be looking forward to see what the market has to give, if the market is likely to continue it downward movement or if you want to break above you know, so we chill and just let the...
This is a sell setup in the EURUSD. Reasons A rejection of the downward trend line A rejection of upward channel I am expecting a breakout from the upward channel and a retest of the trend line before selling.
Hello, friends. Nice to meet you I hope you all have a good day The candle is located inside the Ascending Broadcasting pattern and can be dip once more towards the RED line. And if it get to the RED line, We expect to see a successful rebound and break through the Ascending Broadening pattern upper line.
This is my Intraday analysis on EURUSD for 7 May 2024 W19 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Today's sentiment for EUR/USD pair is shaped by pivotal occurrences from the previous week. The release of weaker-than-anticipated Non-Farm Payroll (NFP) data...
The EUR/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a triangle pattern. Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.0770 or lower if the price continues to decline. Target Levels: 1.0704: This...
The EUR/USD currency pair is showing signs of a potential buying opportunity, with a targeted buy zone identified at 1.07032. This level serves as an area where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this buying opportunity. The first target is...
Bearish, possibly on a re-tracement leg. Waiting for price to take high within zone before initiating sells to potentially ride the expansion leg lower. Safe and happy trading week.
The EUR/USD currency pair is currently presenting an opportune buy zone, marked at 1.07783. This suggests a strategic entry point for traders seeking to capitalize on potential upward movement in the exchange rate. Setting take-profit levels at 1.08600, 1.08800, and 1.09000 offers a layered approach to securing profits as the pair ascends. Meanwhile, implementing...
The dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April. The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are...
Pair: FX:EURUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action has some support trend-line holding it - Horizontal trendline looks like a demand zone across the years - Horizontal trendline (Red) is at the 1% Fib Extension Level -...
EU is continuing its bullish trend after the open on Sunday. I'm only looking for a small amount of Risk to Reward since there usually isn't much activity on the FX market. My entry is off the bullish trendline found in the 4hr chart and it's also right above 4hr FVG so it has a great Stop Loss placement under that FVG. My Take Profit is in the 1.0800, right where...
#EURUSD H4 is currently at a critical juncture, presenting a decisive make or break scenario. Should the H4 successfully close above 1.0750, we can aim for a substantial buy opportunity up to 1.0847, offering nearly 100 pips with a stop loss ranging from 30-50 pips, thus providing a 2:1 risk-reward ratio. Conversely, if the price encounters rejection within the...
EURUSD was in bullish retracement for a while. But at the close of the friday, it showed some signs of bearish continuation, which is in line with higher time frame. Expecting a major bearish move.
Slow and steady wins the race and it can be said that for the past 2 weeks, Euro has been in a buy programme, creating minimal fair value gaps before booking @ the weekly bearish order block. But on closer inspection, when Euro retraced up into the weekly order block, the median threshold @ 1.08586 failed to break nor test which gives me the suggestion that the...
Hello dear traders, 📊 EUR/USD is in a holding pattern ahead of major US economic data 📉 Resistance looms near 1.08000 while support holds at 1.06000. Traders are on edge as key reports like non-farm payrolls and Fed announcements approach 📈 Positive US data could give USD a boost, pushing EUR/USD down, while weaker data might lead to a breakout 📉 Conservative...
BUY 1.07100 TP 1.08100 in forecast. EURUSD technical forecast, today.