👋 Hello, Forex traders! Let's talk about rumination in trading. What is rumination? Rumination in trading is the process of going over previous trades and market situations in your head. Trying to understand what went wrong and to think of a better way of doing things. In "moderate doses" it is analysis. But when a person thinks about it all the time and in a...
FX:EURUSD : on the daily chart we have a Market Structure Shift (MSS). we can clearly distinguish the beginning of a retracement which will come to an end in two scenarios. the first scenario is the blank one that the market will try to hit the lower liquidity by beating the gap. the second scenario will instead bounce on the first lower gap attracted by the...
EURUSD Is potentially setting up an ABCD move, PCE data came in and met expectations, with this being a major factor as to when the rate cuts begin, as the FED stated they needed more confidence, perhaps this is the start of a bullish move in the USD crosses, On Friday we saw massive momentum in the Indices and XAU, Maybe we see that move develop more next week.
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The weekly candle will do 1 of 2 things today. It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant) or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst 0:0 Intro Monthly/Timeframe 0:58 Daily timeframe 3:43 Weekly timeframe 5:43 4Hr...
I love how uniform FX:EURUSD daily price action is looking. We are currently trading at the upper displacement daily FVG with Thursday being the day we witnessed an explosive run up to 1.08884 before closing inside of the range of previous daily candles. 1.07963 is in the air for short targets. My philosophy is simple... Fortify Michael J Huddlestone's...
selling EURUSD around 0.9467-0.9722 the reason is taking this trade is next week news am going with long sell and i place. Those point they have been not touched i expected they could retracement between above point i mention above.
selling EURUSD around 0.9467-0.9722 the reason is taking this trade is next week news am going with long sell and i place. Those point they have been not touched i expected they could retracement between above point i mention above.
selling EURUSD around 0.9467-0.9722 the reason is taking this trade is next week news am going with long sell and i place.
The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0861 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0822 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0881 ahead of the 1.0900...
Large Wyckoff reversal model. - Price is trying to break the trend line - Price is forming a triangle - The price made a false break of the lower boundary of the sidewall - 12-month timeframe shows fractal reversal with three bars if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a...
Hi traders, Last week EU went into a consolidation so now the situation is changed. It swept the lows but didn't close below it. This could be an indication that it wants to go up again and that the bigger (red) correction is finished. I've updated the wavecount. So for next week I think this pair could go up to sweep the previous highs. Trade idea: Trade buys...
price fail to make higher high and even fail to break the trend line and even to test the old high price range , we expect price will continue dropping
Longs played out perfectly. :) Runner left possible 20 pips more. What do you think will happen next on EU? LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.0815 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0828 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
The price of EURUSD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
Technical Analysis and Outlook: In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level...