This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
EURGBP broke and closed below a key daily structure support. The broken structure turned into a strong resistance. The market is currently retesting that. I will expect a bearish movement to 0.8515 ❤️Please, support my work with like, thank you!❤️
The downtrend remains and we saw new low yesterday. It has no strength to reach 1,0840 and we may see a correction before that. Upon exhausted of the downtrend the sales could be closed and new entries could be sought after the correction. The next support remains at 1.0775.
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.7 zone, EURAUD is approaching an important support and resistance zone at the 1.7 supply area so we will be watching the price action there. Trade safe, Joe.
EURUSD primary downtrend since 2008. Zone around 1.128 is POC for period since October 2014 - in order to reverse downtrend EURUSD has to find acceptance above that level. Even an attempt to do that will take a year at least on that timeframe. Week timeframe for close look
Hey Traders, in this week we are monitoring EURUSD for a buying opportunity around 1.08200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08200 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.700 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.700 support zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85400 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85400 support and resistance zone. Trade safe, Joe.
The EURCHF pair eventually hit our 0.95555 bearish target as set by our sell signal in June (see chart below): The price is now past a 1D MACD Bullish Cross and on the bullish wave of the 7 month Channel Down. We therefore go long again targeting Resistance 1 at 0.96510 on the short-term and if a 1D candle closes above it, we will extend it towards the 1D...
FOMC Minutes is coming today. Yesterday, EURUSD rose to 1,0952, but failed to continue and a drop ensued. Upon crossing below 1,0896, we expect the downside move to continue. The first support levels are at 1,0840 and 1,0785. A key resistance level is 1,0952.
Bulls, Bears are here! Hide! EUR tested resistance @ $1.058, the correction to $1.01 - $0.99 has now started.
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96300 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96300 support and resistance zone. Trade safe, Joe.
The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current...
It turned out that EURUSD broke and closed below a solid rising trend line on a daily time frame, yesterday. Taking into consideration the fact, that the market is trading in a minor bearish trend since the middle of July, such a violation may trigger a local trend - following movement. I will expect a further decline to 1.0855 ❤️Please, support my work...
Yesterday we saw another drop in the EURUSD. We will be watching for a possible reversal today. We expect news about USD at 15:30 Bulgarian time. On a new decline and leaving a tail below the previous bottom will be the first ground. A breakout of a peak will confirm the start of an uptrend.
Hey, rise and shine, trading crew! 🌞🏄♂️ EURUSD's just hanging out in that mid-range zone, you know? So, check it: we're thinking the dollar might catch some air and give EURUSD a little downward push, cleaning those lows on EU and sending DXY higher. We're chilling on the 1-minute chart, riding those quick scalps like a bunch of pros. Here's to hoping those...
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The EURUSD pair is staging the strongest long-term buy opportunity, the kind of which we saw last time on our May 30 bottom buy idea (see chart below): As you can see that was the most optimal Higher Low buy entry inside the (then) Channel Up pattern, a formation which we've modified since into the pattern you see on today's analysis. The price recently...