EURUSD Bullish SetupPrice was initially in a holding pattern showing distribution. However, on Tuesday, 24th Jan, price failed to break the low of the structure and we have been observing HHs.
I have identified a possible bullish trend, and likely expansion to the next levels at 161.8% (1.10030).
I would be interested in a position to buy with a 15mins BOS.
*As always, trade cautiously.
EU
EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade idea
1. Price has swept buy side liquidity above on the weekly
2. Price then had a strong bearish reaction which broke sub-structure
3. Price is currently on a retracement
4. Lower blue zone has been marked out as a potential point of interest to look for short set ups
5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF
Things to take note of:
1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade.
Trade safe guys!
Regards,
Chern Yu
EURUSD Sell SetupPrice has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
EURUSD Potential Forecast | Thursday 26th January 2023Hi everyone, today I will be talking about a possible EURUSD long trade using Smart Money Concepts.
Trade idea
1. Price has broken structure to the upside on the larger timeframe
2. I believe price is still bullish
3. Price is currently in a retracement
4. have marked out the blue zone as an area that price could potentially tap into where I will be looking to enter
5. Will be awaiting confirmations at those levels
Regards,
Chern Yu
Thank you and do give me boost!
EURUSD Potential Forecast | Tuesday 17 January 2023Hi everyone, today I will be talking about a possible EURUSD short to long trade using Smart Money Concepts.
Trade idea
1. Price is currently consolidating and ranging
2. At the highest blue zone, I have marked the FVG (fair value gap) that price can potentially tap into
3. Given the bullish momentum, I believe price can come up to that area before heading back down to clear the sellside liquidity before once again looking for LONGS
4. Essentially I will be targeting the various sweep of liquidity first before entering into the market.
Things to look out for:
1. Price could potentially make new highs from here and not necessarily come down to clear the sell side liquidity, be sure to stick to your trading plan!
Thank you and trade safe guys!!!
EURUSD Potential Forecast | Monday 16th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts for this week.
Trade idea
1. Price rejected off the previous weekly high, which followed by very strong bearish momentum
2. We can see that there is equal lows and sell side liquidity below at ~1.0801 where price could be targeted at
3. Fair value gap marked by the blue zone above gives a point of interest to short price back to clear the sell side liquidity in point 2
4. I will have a take profit zone at the previous daily low
Given the strong bearish momentum coming in EURUSD, I believe there is room for EURUSD to continue bearish and clear the previous daily low. And I will be looking for SHORT opportunities at the fair value gap. (bluezone)
Things to look out for:
1. If price were to sweep sell side liquidity and followed by a very strong bullish momentum, price could reverse back bullish.
So we have to be vigilant in the market.
Thank you and trade safe guys!!!
Any chart request please feel free to pm me.
Regards,
CY
P2P | Gold Trade BreakdownWhat's up everyone and welcome to my first trade breakdown . In this clip you'll get an inside look at how I usually scope out my trades , what I personally look for in a setup , how & when I would execute on the trade .
*Also try your best to ignore my loud washer machine LOL*
I don't normally post these types of videos because everyone has a different bias as to how they see their trades but at this point I figure maybe my breakdown would help someone else understand the markets a little bit better. So I encourage you to enjoy this lil clip and I hope that you find some value in it. Also make sure to follow the page for more education!
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
We have a lot in store for 2023 & I can't wait to see everyone winning!
Euro up or down?EURUSD closed the year well and above many key support levels, and it even closed above several diagonals, as did several other currencies vs. the USD. On the one hand, the USD may have peaked, especially as the DXY swept a critical low and retested its 2015-2020 highs.
The year has started with a EURUSD dump, and the pair has closed below its Monthly and Yearly P. This isn't great, but given the low liquidity, it could simply be a trap. In some of my past analyses, I had thought it was possible that it would go down to 1.055 to test an untested zone and then go higher, but it went higher first. Recovery may be coming as it has come down and tested the VP PoC in this area.
There are many reasons why I think the USD could go down and EUR could strengthen, but I won't go into them here. I only want to focus on the current TA, as a close above the key pivots could indicate that the market is going much higher. It could go up to 1.08 before going lower, or it might not even go lower for a long time. Until I see it close below 1.035, I have to be neutral/bullish, and if it does close below 1.035, then I think 1.01 is the next target.
My point is that although this doesn't look like the cleanest long, I do see the potential in this trade, and I think that going long here with a stop below 1.047 or 1.035 makes sense.