#EURUSD
UPDATE
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is still holding the main Trendline. Here it has maximum Chances we can see gain upto 50Pips+. Then we can see again drop in price. This bullish wave is just retesting before price drop. Keep in touch we will update further soon.
During Wednesday's trading session, the USD did not fluctuate much, which caused many currency pairs to become gloomy. The DXY index has been maintaining an uptrend recently, however the upward momentum has weakened in the absence of further information coming from the interest rate market, and this will likely continue until the announcement. US inflation report...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0991, which is a pullback resistance that aligns with the 127.2% Fibo extension
Our take profit will be at 1.0964, a pullback support level.
The stop loss will be placed at 1.1028, above the 161.8$% Fibo extension
High Risk Investment Warning
Trading Forex/CFDs on...
US inflation data will be released today.
The news will have a big impact!
Since the start of the week, EURUSD has been trading within 60 pips awaiting the news.
It is recommended that new positions be opened after the direction is confirmed.
The goal will be to continue the direction from the news.
Upon stop hunting above the previous high and leaving a...
We can see that the EURUSD has traded into a strong resistance level after a bullish rally. In the video we take a quick look at the trend, market structure, price action and we discuss a possible trade idea. As always this is not to be construed as financial advice.
This is my Intraday analysis on EURUSD for 11 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI Today.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
2.
Price...
- Great risk-reward profile
- manage your position size to minimize risk
- Never risk more then 5% of your account on a single trade
- If entry is hit, might take a few weeks to reach its potential TP
After the pull back labelled wave (1) price has been struggling to pick up just like Chelsea losing Kante, they were never the same they haven't picked up.
So now price has been softly rising in a zig zag preparing to fall, imagine it like Arsenal softly rising the table to the top only to fall on the final day, yeah just like dropping a bottle.
In triple bottom trading, the chart pattern gradually emerges after a downtrend. The pattern is confirmed by a breakout above the neck line and indicates an impending uptrend.
This type of chart pattern is used for technical analysis to identify a possible change in trend direction from bottom to top. Technical analysis is primarily about predicting future...
Can we have a winner today?
The answer is at price.
Can you control price? Absolutely not.
EU- attempts was done few times at this high price last week for a break upside.
Possibility it's not this time? Ofcoz
Will it break down ? At this moment of highest price of last week / not yet/ IDK
Each time we place our tickets?
I need to ask questions
I have...
European Central Bank (ECB) board member François Villeroy de Galhaud has made it clear that the possibility of a rate cut by the ECB depends on whether inflation expectations are firmly anchored at target levels. Use the bank's 2%. In his recent statement, Villeroy emphasized the importance of a data-driven approach to policy-making and signaled a move away from ...
Hello EURUSD traders, how do you feel about EURUSD going forward?
-About the trend for this currency pair: currently EURUSD does not have many major fluctuations and is quite stable around 1.093. This is confirmed when the Bollinger Band indicator is narrowing to prepare for the next breakthrough move.
-Talking about the breakout: EURUSD is limited below the...
Price created some big buy orders around the 1.07907 mark and made some HL/HL. Price than broke to the downside and created a minor CHOCH while targeting the liquidity zones e.g stop loss placements for retail traders.
Price at around 1.08763 gave bullish momentum and broke structure to the upside which makes in a mini CHOCH.
Waiting for price to fill in the...
Hello traders, as analysis for DXY still holds true. I would like to see higher prices on euro going into CPI. Be careful with large wicks. Ideally, I would like to see price trade back into our refined entry to take it higher. Still bearish below 1.10530. We could see a reaction at the breaker once more. I am overall bearish but I'm hoping CPI can give us that...
Yesterday I was neutral on the direction of EURUSD but I was bullish GBPUSD.
I said 1.0954 is a strong resistance and if it goes up first, look for a possible rejection down. Indeed 1.0954 was hit perfectly and it came down 20 pips, found support at PZ and rallied higher. What's the clue? The clue was strength in GBPUSD, hitting my buy limit and rallied over 50...
Thanks for the likes, well this video is for educational purpose only. i am looking to see eur price higher tomorrow after cpi data release. you advice to take my content to heart and learn from it, THANKs
EURUSD
Pivot 1.09470
- If the price is higher than the pivot, open long target TP1 at 1.09935 and TP2 at 1.10660.
- If the price is lower the pivot, open short target TP1 at 1.08920, TP2 at 1.08330
