EUR/USD maintains its position around 1.0860 during the early European session on Tuesday, following a positive close on Monday. The USD experienced slight selling pressure, allowing EUR/USD to gain traction at the beginning of the week. However, the pair now finds itself within a potential reversal zone, prompting us to monitor for any discernible patterns...
Traders, Expanding on our EUR/USD analysis, I've integrated two distinct setups: Significant Support: Daily chart analysis reveals robust support levels. Bearish Trend: The LR channel indicates a prevailing bearish trend. Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short...
The EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High. Technically this should be at least a -4.47% Bearish Wave, similar to...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07950 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07950 support and resistance area. Trade safe, Joe.
Price is currently at an overlap resistance level and could reverse from this level to our take profit Entry: 163.446 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement Stop loss: 164.364 Why we like it: There is a pullback resistance level Take profit: 162.661 Why we like it: There is a pullback support level...
This is my Weekly analysis on EURUSD for 1-5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ Swing Continuation (Pro Swing + Pro Internal) 2. After the Bearish iBOS we confirmed that the...
Hello traders, I want share with you my opinion about Euro. Some days ago price rebounded from the resistance line, which is located in the seller zone, and in a short time declined to the 1.0775 level, which coincided with the buyer zone, thereby breaking the 1.0890 level. After this, the EUR soon declined to the support line, breaking the support level too, but...
Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this...
Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. looking for reasons to short :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you...
This is my Intraday analysis on EURUSD for 28 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 3. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing...
EUR/USD Technical Analysis 📉📈📊 Current Price: 1.08360 🟢 Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.📉📈📊 Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment. Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08250 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08250 support and resistance area. Trade safe, Joe.
EUR/USD is falling towards a pullback support and could potentially bounce off this level and rise to our take profit. Entry: 1.07998 Why we like it: There is an overlap support level Stop loss: 1.07621 Why we like it: There is a pullback support which aligns with the 78.6% Fibonacci projection Take Profit: 1.08573 Why we like it: There is a swing high...
The EUR/USD pair on the M30 timeframe presents a potentially ambiguous situation with an expanding triangle pattern. While this pattern can signal a breakout in either direction, some caution is advised before entering a long (buy) position. Potential Long Trade : Entry around: 1.0823 (current price) Target Levels: 1.0880: This represents the upper trendline of...
This is my Intraday analysis on EURUSD for 27 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Continuation Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
Hello traders, I want share with you my opinion about Euro. If we look at the chart, we can see how the price some days ago started to trades in a downward channel, where it first rebounded from the support line and rose to the 1.0940 resistance level, which coincided with the seller zone. Soon, the price broke this level, and some time traded in the seller zone,...
The EURUSD pair is ahead of the first Death Cross on the 4H time-frame since January 19 2024, trading within a Channel Down similar to January's. This technical symmetry suggests that every rebound is a short-term sell opportunity, with the 4H MA200 (orange trend-line) expected to turn into a Resistance until the next Bullish Leg. One last rally towards 1.08750...
EURUSD is on the 2nd Bearish Wave of the Rectangle since the start of the year. That is in the form of a Channel Down, so far identical to the 1st. This, along with the Fibonacci retracement levels offer stable entries for both buying and selling. Trading Plan: 1. Sell on the current market price. 2. Sell on the next MA50 (4h) rejection after that. Targets: 1....