Continuation tradeApplying Risk Management i am willing to trade this Continuation trade on EURUSD +100pipsLongby KINGsREPUBLIQUE1
Bearish continuationAfter the mitigation of daily internal supply zone 4hr has shifted its structure to bearish so expectation of bearish trend cont. from the new supply zone.Shortby fxtrends280
Fundamental Market Analysis for June 20, 2024 EURUSDAn event to look out for today: 15:30 GMT+3. USD - Number of initial applications for unemployment benefits EURUSD: EUR/USD was cyclical on Wednesday as US markets went on a mid-week holiday. US markets will return to activity today, just in time for the release of the latest US initial jobless claims data for the week ending June 14. Mid-market forecasters expect a slight decline in the number of new U.S. jobless claims to 235k from the previous reading of 242k, but they are still expected to exceed the four-week average of 227k. The European Central Bank (ECB) economic bulletin is expected to be released today, but little new information is expected as the ECB will repeat what has already been covered in previous public speeches by ECB policymakers since the last rate meeting. Friday will end the trading week with hectic trading. Pan-European PMI data, followed by US PMI data. The European HCOB manufacturing purchasing managers' index (PMI) is expected to rise to 47.9 from 47.3 month-on-month, while the services component is expected to rise to 53.5 from 53.2. In the US, both the manufacturing and services components are expected to decline. The manufacturing component is expected to fall to 51.0 from 51.3 and the services PMI is expected to fall to 53.3 from 54.8. Trading recommendation: Trade mainly with buy orders at the price level of 1.07730. We consider sell orders at the price level of 1.07100.by Fresh-Forexcast20040
EURUSD LONG RUN AFTER COMPLETING CONSOLIDATION After complete of consolidation of eurusd pair there will be a bullish run because dollar its lose power from DXY index chart analysis while interest rate are being cutted low from USD currency which could allow the change of momentum of eur currency to gain power lead to eur interest rate to go higher than before balance trade of ECB Longby laswaii40
#EURUSD - 20062024Ranging day for EURUSD yesterday as US is on holidays. 1.0740 held well initially and EURUSD came down, but recovered later on to go above the level and is now bouncing off above it. But still, Tuesday's high is still intact. I would say that EURUSD could still have upside though the overall trend is still down. Price is above OP and PZ thus that would be support, can look for longs as long as PZ holds. I would look for shorts if 1.0770 trades or if PZ breaks, for a move down to 1.0700 and 1.0646by FadeMeIfYouCan0
EURUSD Downtrend Line Rejection at 1.07593 19.06.2024EURUSD downtrend line rejection at 1.07593 on the 1-hour chart. If rejection holds at 1.07593: Potential downside targets: 1.07020 and further down to 1.06611 upon breaking 1.07020. Alternatively, if rejection fails: Potential upside targets: 1.07792 and further up to 1.07931 upon breaking 1.07792. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy0
EUR/USD shortEUR/USD Multi Timeframe Trading Report Overview Daily chart: The daily chart shows a bullish trend on the pullback, indicating that the long term uptrend is strong. This shows that the market sentiment is generally bullish. 4 Hour Chart: The 4 hour chart shows a bullish trend, indicating a short term uptrend. This divergence between the longer and shorter timeframes suggests a counter trend trading opportunity. 1Hourly Chart: The 1hour chart offers actionable trading signals, including entry points, stop losses, and profit targets, suitable for capturing short term movements. Entry Price (EP): 1.0737 Rationale: The entry point at 1.0737 is chosen based on the Relative Strength Index (RSI) and Exponential Moving Average (EMA), which suggest a favorable short term bullish opportunity within a larger bearish context. Stop Loss (SL): 1.0767 Reason: The stop loss is set at 1.0767, calculated using Average True Range (ATR) data. This placement is intended to minimize potential losses by safeguarding the trade against sudden downward movements that might occur as the market reacts to the conflicting trends observed across different timeframes. Take Profit (TP): 1.0698 Reason: The take profit level is established at 1.0698, Profit Potential in pips: 39pips (390usd/lot). This target is strategically selected to capitalize on the short term bullish momentum identified on the 1 hour and 4 hour charts, securing profits before any potential resistance or longer term bearish trend resumption. Please note that Forex trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.Shortby Tracyanalyst0
Bearish Continuation trade ideaWhen price mitigated the area of HTF bearish cont. supply zone 15m exp of bearish trend cont. from the area of the 15m supply zone after taking out the initial sellers. If you need more confirmation we can go to an even lower time frame and wait for the sellers to enter.Shortby fxtrends280
EURUSD Is Gaining StrengthReasons why we are bullish on EURUSD: Weakness of the Dollar Index (DXY) current weakness of the Euro is due to political uncertainties Extensive clarity regarding the ECB's interest rate path bullish price action and stabilization of the EURUSD price in a bullish order block Longby Ochlokrat0
EurUsd BuyI'm waiting for the price to reach the unfilled demand zone, where I expect it to consolidate and mitigate the existing demand imbalance. Once the price reaches this zone, I anticipate a potential price increase as the demand is metLongby PipFisherr0
USD News Driver TradeUSD News Driver Trade Trading with no bias. London created the low by 7:45 taking out all the sell stops from the previous day range. While I originally suspected price might rally lower, when I started to read the live price action my idea changed. Price rallied in a swing high taking out short term buy stops, then a fake swing and rebalancing a FVG. Tipping its hand that indeed it would seek the FVG highlighted that was created in the London session. Precision for Price to rally just shy of the .79 and just below my 830 target level. To note I studied the DXY to cross reference my idea and it also ran to the .79 however it rallied lower when this pair went higher. Longby LParnell0
Market still shorting EUR/USD(06/18/2024)EUR/USD, the price pulled back on the last demand zone and then started to drop. it seems the market willingly tries to short EUR/USD $FX:EURUSD. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets0
EURUSD ConfluenceA beautiful confluence has formed on EURUSD chart. Who is winning this one; bulls or bears?by Envestorr_Holdings0
EURUSDEURUSD is declining post-resistance at fair value, targeting liquidity clearance below indicated levels.by abedijay0
EURUSD ShortI recently decided to short the EUR/USD pair and wanted to share why I made this move. Daily Time Frame On the daily chart, EUR/USD broke through the key 1.07 resistance but hit a wall at a critical point where the 50% Fibonacci retracement level meets the 21-day moving average. This spot is attracting sellers, hinting at a possible drop to new lows. 4-Hour Time Frame On the 4-hour chart, a bearish price action candle has formed, indicating potential downward momentum. This signal, combined with the overall market sentiment, suggests that the pair might be gearing up for a drop towards the 1.07 handle 1-Hour Time Frame On the 1-hour chart, there's a crucial support area around 1.0690, which was previous resistance. If the price breaks below this level, it would align with the overall downtrend seen in the higher time frames, reinforcing the bearish outlook. However, this is also a good T/P target for my current short. Fundamental Context The broader economic picture supports my bearish view. The Eurozone’s CPI came in lower than expected, and both manufacturing and services PMIs are in decline. Plus, the ECB is expected to cut rates soon, while the US dollar remains strong thanks to positive economic data. Shortby MDrury0
#EURUSD - 18062024I was looking for a short for EURUSD after a move higher. EURUSD just whipsawed the whole of Asian and European session, made a fake down move before a move higher and closing at my sell level. Price is nicely reacting off the level now. I will keep to the view on the move lower based on the current movement, for a move down to 1.0633 and further to 1.0563.by FadeMeIfYouCan0
Bearish Sentiment on EURUSD My bearish sentiment on EURUSD are backed by the following confluences- 1) Market structure (BoS), 2) OB-supply, 3) Imbalance, 4) Liquidity. So my markups are done on the 4hr timeframe which is my major higher timeframe (HTF) used. So price has successfully broken structure lower showing a continuation in the bearish trend, and price has successfully retraced back up filling up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity which is my 4th confluence, and now price is at my main point of interest which is the Supply zone to mitigate it. If price successfully tends to respect this supply zone, I’m expecting it gives me my basic entry structure on the lower timeframe which is a ChoCh-higher high,higher low,higher high and then a lower low. Then if this emerges successfully I’ll have my entry placed on any supply formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5 as profit target. Note: the financial market is all about probabilities, which also makes my analysis a probability.Shortby MeekBosslife0
Euro dollar Am looking for buying opportunity to the upside waiting for a manipulation of London tomorrow by emilybunt120
EUR/USDThe Elliott correction waves have ended and the pair is heading to form a new impulsive wave as shown on the chart ALSO BSL VERY IMPORTANT AREA CROSS BSL LINE IT MEAN GOOZ UP FOR WAVE 3 ELLIOTTby aboalreesh0
EUR/USDThe Elliott correction waves have ended and the pair is heading to form a new impulsive wave as shown on the chart ALSO BSL VERY IMPORTANT AREA CROSS BSL LINE IT MEAN GOOZ UP FOR WAVE 3 ELLIOTTby aboalreesh0
waiting for more buys :)saw a break in the recent resistance, positioned my buys around 1.07050. now waiting around 1.07450Longby Triscaler0
EURUSDWe are going short on this pair. we wat for the pair to take out the previous momentum at 1.085 we have a Break of Market structure. waiting for 1.085 to go shortShortby itsGitauUpdated 3315
EURUSDOn Friday, our set up was affected by the CPI news, hoping to continue with the set up this week. we are going short, the whole of this weekShortby itsGitauUpdated 2233