#EURUSD - 06062024I was more bearish EURUSD yesterday. We got the dip below the 1.0856 strong level, a rally then the second dip, almost hitting the 1.0852 before the huge recovery. EURUSD though bearish is supported. In addition, we can see GBPUSD closed red, thus overall is more bullish than bearish. EURUSD opened and move higher from open. IMO any dips to PZ is buyable, or if PZ breaks, could see re-test of lows at 1.0852 but overall 1.0852 would still be a long for me for a move higher.by FadeMeIfYouCan0
ECB Rate Cut Looms: EUR/USD Set to Slide?Given the increasing likelihood that the ECB will cut rates before the Fed, further EUR/USD depreciation could be anticipated in the coming days/ weeks. A move below the 100-day moving average would have traders looking toward the 200-day moving average of 1.0853. However, weaker jobs data from the US this week is tempering this expectation, which means some upside targets can be charted still. If bulls maintain control, EUR/USD may test the June high of 1.0916, followed by the three peaks of March, before reaching the crucial 1.1000 level. The JOLTs job openings report showed a decline of 296,000 from the previous month, dropping to 8.059 million in April 2024. This is the lowest level since February 2021 and below the market consensus of 8.34 million. The ADP Employment Change report revealed that private US hiring in May increased by 152,000, falling short of the estimates of 175,000 and below April’s figure of 188,000. Next up is the NonFarm Payrolls report on Friday. For the exact date and time, import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts directly to your inbox, enabling you to plan your positions in advance. by BlackBull_Markets3
EUR/USD Faces Long-Term Sell After 1Y PP RejectionHello Everyone, EUR/USD is currently a long-term sell after being rejected by the 1-year Pivot Point (1Y PP). The next significant obstacle will be the 1-week Pivot Point (1W PP). Let the bearish trend begin! TradeWithTheTrend3344Shortby TradeWithTheTrend33448
EURUSD BUY NOW!!!!!!We got liquidity sweep on eurusd and price made a correction from the fvg zone now am sitting on buys from this zone till we sweep liquidity above 1.09200 Am in on long from this zone JOIN AND ENJOY..............Longby CAPTAINFX210
EURUSD AnalysisEURUSD broke out the uptrend channel and activated a bearish sequence with target toward 1.0800by Hassanberjawi1
EurusdAccumulation,Manipulation,distribution face market about to fall hard to tap into our buy limits.keep eyes on this oneLongby CurrencyMomentumFX113
EUR USD PRICE - DOWN FALL TO THE SUPPORT ZONE EUR USD PRICE moving in a upward direction, we got an breakout from up trend line, wait for the retest, make a short entry to marked price line, follow for more live updates...nd boost my contents thank you...Shortby FOREX_TRADER_007Updated 5518
EURUSD: First red dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ no cycle Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, price currently consolidating close to the previous LOD, after the start of dump of yesterday. A buy low setup would probably lead to a scalping back to the HOW, where short traders are temporarily in profit. Short: Primary , weekly template of pump and dump scenario, first red day signal, I will be looking to scale in a sell high setup potentially back down into the LOW Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 7
EURUSD WILL EXPLODE BUYTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB443
EU LQ Sweepmarket have a good LQ pool to sweep i think price will sweep that LQ and go short Shortby Sara_SamUpdated 6
EURUSD Can Make You 4X Returns !!! EURUSD ON H4 Shows a great opportunity to me the chart explains it well It's Clearly A High Volume Break Of Sturcture, + With An Middle Of Nowhere Liquidity We Set 2 Limits One On 0.71 Of Fib And One On The OrderBlock, Both Having Same SL, Whatever You Risk On OrderBlock Risk Half Of It On Fib. Longby rahultradesfx2
eurusd oportunutybacked with ism to provide momentum and liquidity fundamentals to determine the bias or the direction tech to execute 'enter' 'exit' by lferda481
EURUSDEURUSD Tendency the price is a long pressure in between 1.08446 and 1.08302 Turning level : The turning level between 1.08446 and 1.08302 so as long as the price above this level, there will be a bullish trend resistance level : trade above turning level between 1.08446 and 1.08302 , the price will rise to 1.08941 and 1,09167 support level : braking a turning level 1.08302 the price will reach the support level of 1.07811 and 1.07615 corrective level : price will attempt between 1.08446 and 1.08302, correct itself before long , Know price attempt touch a turning level Economic : For today we have some news that will affect the market trend, such as ADP-ISM, which is expected to have a Negative impact on USD Longby ArinaKarayi3
EURUSD Massive Short! SELL! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0847 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0828 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 112
EURUSD Potential Daily I.C.I.Confluence I.C.I. = impulse correction impulse - Monthly Bearish, but potential I.C.I. - Weekly Bullish - Daily Bullish potential I.C.I. I'm waiting for on entry on the 1h Entry should be tomorrow. Longby SamuelForexTrader0
EURUSD long, target 1.094Hello fellows, its a good opportunity to buy, eurusd, as it has rebounce from the trend line, stop loss lower trend line. Target 1.093-1.094Longby longgoUpdated 113
EurusdEurusd is on downtrend In lower timeframe we see a trend line is break down . It will expected price down to showing arrow , if price touched 1.0800 -1.0790 see what it will do Break the line and continue downward or can't break the line and goes upward Shortby shaayaan3
Brilliant Basics - Part 3: Harnessing the Power of Moving AveragWelcome to the third instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success. Today, we’re harnessing the power of moving averages. We will explore how to use them effectively and consistently to enhance your trading. Moving Averages: Momentum Versus Mean Reversion Moving averages are a beautifully simple and robust indicator that can be used to gauge a market’s level of momentum and its level of mean reversion. Momentum: Simply by looking at where the price is in relation to a moving average, and the slope of the moving average can tell you a lot about a market’s momentum. Is the price above or below the moving average? How far away from the moving average is the price? Is the slope of the moving average rising or falling? These simple observations can be used to construct robust and objective rule sets for defining trade entries and trade exits. Example: In the below example of the S&P 500’s daily candle chart, we can see that the 9-period exponential moving average (EMA) is sloping higher and moving away from the 21 EMA – signalling a market with strong momentum. However, the price is now quite far from both moving averages – indicating that the market could be vulnerable to profit-taking. Past performance is not a reliable indicator of future results Mean Reversion: When a market is trending, it cycles from periods of momentum to mean reversion. Moving averages provide a dynamic benchmark for how far the price has pulled back from trend highs. Example: Sticking with the same market as used in our momentum example, we can see that the market has cycled from its momentum phase to its mean reversion phase – pulling back towards the 21 EMA Past performance is not a reliable indicator of future results Selecting the Right Moving Averages for Your Trading Style Different trading styles require different moving average settings to effectively capture market movements. Here’s how you can choose the right settings for your approach: Position Trading: Daily Simple Moving Averages (SMA’s) For position traders who hold trades for weeks or months, the 200 SMA and 50 SMA are essential tools. These moving averages provide a broad view of the market's direction and help identify long-term trends. Past performance is not a reliable indicator of future results Swing Trading: Daily Exponential Moving Averages (EMA’s) Swing traders, who typically hold trades for 2-5 days, benefit from the more responsive nature of EMAs. The 21 EMA and 9 EMA are popular choices, allowing traders to capture shorter-term price movements and react quickly to market changes. Past performance is not a reliable indicator of future results Day Trading: 5-Minute EMA’s and VWAP Day traders need even more sensitivity to price movements. Using 5-minute EMAs along with the Volume Weighted Average Price (VWAP) provides an excellent framework for intraday trading. The VWAP, in particular, helps day traders identify the average price over a trading session, factoring in volume, which is crucial for short-term decision-making. Past performance is not a reliable indicator of future results 3 Steps to Harness the Power of Moving Averages 1. Be Consistent: Use the same moving average settings consistently across your analyses. Consistency ensures that you build a reliable and repeatable process for making trading decisions. 2. Target Pullback Zones: Moving averages act as dynamic support and resistance levels. Target these zones for potential entry points in the direction of the trend. For example, in an uptrend, look for buying opportunities when the price pulls back to the moving average. 3. Combine with Price Patterns: Enhance the effectiveness of moving averages by combining them with price patterns. Patterns such as flags, pennants, and double bottoms can provide additional confirmation for trade entries and exits. Example: In this swing trading example, notice how EUR/USD pulls back to the upward sloping moving averages. When price does this, the confluence of the moving average and a simple price pattern can provide a strong signal for entering a long trade. Past performance is not a reliable indicator of future results Summary Moving averages are an indispensable tool in a trader’s arsenal, offering insights into both momentum and mean reversion. By selecting the right moving averages for your trading style and consistently applying them, you can significantly enhance your analysis. In our penultimate instalment, Part 4, we will delve into Multi-Timeframe Analysis , helping you understand how to align strategies across different timeframes for more robust trading decisions. Stay tuned! Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Educationby Capitalcom7