EURUSD STRUCTURE Hi guys its Dr Trade your only hope of understanding market structure, I know a lot of you lost today but its okay now you know the market direction do well to trade with alignment with the market do not trade against it, do well to like share and follow. by Dr_Trade16
EURUSD upAfter the upper trendline breakout, there is an opportunity to look for an entry buy positionLongby forex_member3
Scenario for a Long Correction in EUR/USDIt appears as depicted in the chart, the daily closing price halted precisely at the trend-line. This suggests that the price is likely to go downward before resuming its bullish trend. This differs from my analysis in a post a few days ago. In that post, I speculated that the appearance of a bearish leading diagonal would mark wave 1 of a downward trend, but it seems it may only be wave A of a correction, or perhaps just a double three correction. Another reason why I calculate this correction as wxyx (indicating there will be one more downward swing) rather than abc (suggesting the price will go straight up) is the form of the recent two-day upward movement that formed a perfect zigzag (wave x) as we can see in the lower time frame, followed by a downward impulse (wave a of z). nb: this z would take form as a corrective wave (abc) and not a full impulse However, it's worth remembering that the two strong impulses last Friday could potentially be waves 1, 2, and 3, continuing the bullish trend. I've included an invalidation level for those who aggressively take a sell position. In my opinion, the best approach is to wait for the price to break below Thursday's low, await a reversal pattern as confirmation, and then take a buy position. It would be nice if the price rebounds according to Fibonacci ratios as shown in the chart. the trend-line would also help us to know the reversal. It sounds like you're eager to take profit! Patience is key in trading, but when the opportunity arises, seize it with confidence. how about you? Happy trading!by edoyuwon1909Updated 2
EUR USD PRICE - BACK TO THE RESISTANCE ZONE EUR USD here we can see that price already in a up trend, last friday price took a support at 0.5 level, now price moving to the up side, make a long entry till marked price line, follow for more live updates...Longby FOREX_TRADER_007Updated 334
EURUSD Long - 4 confirmations. $2,000 profit securedPart 4 of the EURUSD trade taken on June 3rd 2024 at 7:00am. Total profit $2,000Long02:21by Manny_FX_1
EUR/USD: Sell in the 1.0860-1.0870 range, target 1.0840, 1.0820,In recent days, the international situation has been frequent, and the global situation has evolved very rapidly. The pressure on the US dollar index has increased dramatically, but the US dollar will not fall casually. Therefore, even if the global situation is very unfavorable, it is also quite a headache for the US dollar index. However, it is still difficult to see the rapid collapse of the US dollar and a sharp drop, because the US dollar's support behavior is bound to occur, and the US dollar index may instead go out of a wave of incomprehensible rising trends. Therefore, pay attention to the actual trend of the US dollar index today, corresponding to the European and American currencies, choose to sell short at highs today, and give the following suggestions based on the market: EUR/USD: Sell in the 1.0860-1.0870 range, target 1.0840, 1.0820, 1.0800.Shortby Get-rich-signalUpdated 9
EURUSD Long - 4 confirmations. Risk free tradePart 3 of the EURUSD trade taken on June 3rd 2024 at 7:00am. Our Stop Loss was reduced to cut even. Risk free tradeLong02:22by Manny_FX_2
EURUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran901
High risk short with 1/5 RRR I expect again short on EUR/USD with big RRR. ENTRY : 1.08561, SL - 1.08620, TP - 1.08228. ENJOY. Shortby rencus301
EURUSD**EURUSD:** This week's forecast is for the price to fall to the bottom of the channel, after which there could be two outcomes: a continuation of the fall to the zone between 1.06643 and 1.06465, or a reversal at the bottom of the channel and a rise to the zone between 1.09510 and 1.09696. The prospect of the ECB cutting its interest rate by 0.25 on 6 June will force the channel to break down.Shortby simaoxceps1
Short-term bullish outlookFX:EURUSD From the point of view of buyers, as long as the high support price is at 1.794, the euro price trend is upward in the short term. If the resistance of 1.08957 is broken, we will see the revival of the upward trend in the medium termLongby majidhossine1
EURUSD LONG - 4 Confirmations Part 1EURUSD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.Long10:26by Manny_FX_1
Euro can fall to bottom part of range and then bounce upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price entered an upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, EUR a little rose, after which made a correction movement to the support line of the channel and then in a short time rose to the resistance line of the channel. Then the price turned around, a little declined, after which continued to move up inside an upward channel. Later price exited from this channel, and even entered to seller zone, but soon turned around and started to trades in the range, making a fake breakout of 1.0870 resistance level. Inside the range, the price fell almost to the bottom part, after which rose back to the seller zone, but at once turned around and fell again. After which, EUR started to grow and in a short time rose to a resistance level and a not long time ago turned around and started to decline. Now I think the price can decline to almost the bottom part of the range and then rebound up to the seller zone. For this reason, I set my target at 1.0890 points, which is located in the seller zone. Please share this idea with your friends and click Boost 🚀 Longby LegionQ84414
6. 17-6.21 Market analysis and trading adviceHello, trader. EURUSD had peaked at around 1.2350 in Jan 2021 to drop to a low of 0.8535 in Sep 2022. In 21 months, EURUSD had peaked at around 1.2350 in Jan 2021 to drop to a low of 0.8535 in sep 2022. it had dropped 30.9% or an average of 1.47% per month or 0.0182 or 182 pips a month or 9.1 pips per day assuming 20. It had dropped 30.9% or an average of 1.47% per month or 0.0182 or 182 PIps a month or 9.1 PIps per day assuming 20 tradings day a month. So after it had moved 9 pips, I should consider it over extended. Never thought of that. This also mean that the entry price should be with limit order for sanity of mind and willingness to let it go. Esp if the price runs off and it's not filled. This decline could be due to the Ukraine War. The move down was consistent and could have been overextended. The recovery to the new high of 1.1275 in July 2023. In 11 months, the recovery was for 2740 pips or 32%. On average, this is 2.92% or 249.1 pips a month, faster than the 1.47% monthly dip earlier. Assuming 20 calendar days, This is 2.92% or 249.1 PIps a month, faster than the 1.47% monthly dip earlier. this is 0.15% or 12.5 pips a day. So my expectations is daily movement of 9 to 12 pips. Then again, that was when eurusd was trending. It is now peaked and ranging so 9 to 12 pips would be generous. Perhaps, it would be more useful to target half of it like 4 to 6 pips a day with EURUSD. Limit order will be useful in this scenario and not to chase breakouts. My bias will be to short EURUSD by Machine-traderUpdated 1
EURUSD Sell Idea !EURUSD in bearish Trend formed new LL . I expect this pair continue the bearish trend and form new LH between the feb level 0.382 to 0.5. * My Sell limit order is on feb level 0.382 * My stoploss is placed on slightly above the last LH .Shortby asadiii0
Demand increases for EUR/USD buyers Examining the trend in the four-hour time frame, EUR/USD enjoys the support range of the bottom of the channel in the range of 1.0683-1.0660, and now, provided it is maintained, it can rise to the resistance of the ceiling of the ascending channel in the range of $1.0821.Longby arongroups0
DeGRAM | EURUSD rebound from supportEURUSD is moving in a descending channel between trend lines. The price is moving above the support level. The chart has reached the dynamic support. We expect a bounce from the support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM111
Analysis and advice from professionals!Judging from the chart Market has clearly touched the bottom trend-line third term to active bull traders in market now can see the market again going to the near term resistance level at 1.08500 soon in upcoming week. I am in buy from 1.06900 with a TP of 1.08500.by JellytianUpdated 0
EURUSDTake profit on EUR/USD at indicated line; close trade if price re-enters the Liquidity zone. This strategy ensures gains while managing risks if price moves unfavorably.by abedijay2
EURUSD - Key Area. Will the rally fail?OANDA:EURUSD Completed a small Gartley pattern on Friday, now we look for a rally to see if it's going to fail around the 1.0853-1.0880 area. There are bigger TF patterns that take it a lot lower with the first one down below 1.0600 and larger pattern below 1.0300. A move above 1.0950 could send it towards 1.1100 and even 1.1300. That's why this week is so critical to where we head next. I will post the weekly AI to see if we can find a CIT Window. Enjoy the week. Shortby L_FUpdated 113
EURUSD: Prospects still decreaseToday, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.Shortby Alexander_Bennett8844
EurUSD 17-21.06.2024How we can see now ,we re in bearish market structre ,and i m still waiting for a pullback in my MFX zone , after i will watching for entry on the inferior timeframe . TRADE WHAT YOU SEE,NOT WHAT YOU THINK !Shortby mariusmfxUpdated 2