EU
eurusdeurusd was respecting support zone (grey), price wicked out to take out retail traders stop loss' and to grab liquidity to go continue going up when the market opens
EUR/USD - Another Long?Hey, I am back with another Forex idea, this time looking at EUR/USD pair.
So my last Technical analysis was on EU again, on point, so don't forget to follow me in order not to miss out on such good opportunities, .
And this time, I still don't see a reason to short EUR/USD as DXY is very weak, and EXY is pretty strong. Also there is no technical side of the chart, that is showing some bear signs, so once again, long EU.
The preferred entry is
1.17100 - 1.17160 ( I am in since 1.17100)
TP 1
1.17400 - 1.17450 (25 pips)
TP 2
1.17640 - 1.17700 (48 pips)
Good luck with your trading!
EU 1H 50% Retracement Entry on multiple time framesUsing the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time
15M EU 50% RETRACEMENT ENTRYDue to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below.
The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low.
This 15m example demonstrates the placement of the Entry, Stop and initial target of this system.
Setting the initial target at 1-2 (Risk to reward) allows me to become risk free in the most efficient way possible.
Once the 1-2rr target is met I will close 50% of my position and move my stop loss to the entry line. This action will secure profits equal to the amount risked and allow the remaining 50% of the position to potentially continue to Target two at 1-4rr.
Should Price return to stop out the position I will still have secured a 1-1 Risk to reward ratio.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
The line in the sandPRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Dax daily: 21 Jul 2020What we saw on Dax yesterday was a nice 'fakeout' example of the 12 882 S/R zone and a good example of the reactive activity below the key level and Thursday's fair price. Buyers stepped in to correct the early morning impulsive pressure an as expected, the price headed towards our target and almost hitting 13 119.
Important zones
Resistance: 13 235, 13 519
Support: 13 093
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Yesterday's mood on Dax and on the US indices was fairly positive. Not only there is a vision of clinical testing results of the Covid-19 vaccine, but market participants expected a progressive dialogue at the EU Economic Summit and finding a deal after many days of talks. EU finally reached a deal overnight as the member leaders found stimulus of 750 Billion Euro fiscal recovery fund and this comprises of grants and low-interest loans. After this news, Dax jumped higher to open with a big ascending gap, levelled between two S/R zones. We anticipate the positive mood continuation with the chance of pullback towards 13 093 as this corresponds with yesterday's high.
EUR/USDCould this be the break of a key level we need for EU to climb toward 2500 area? leave your thoughts below.
We've hit this area back in 09/03/2020 and didn't manage to break the key level but if we get a daily close above this key level this could be a position worth investing into.
EUR/USD - 1H Leg up from a flag.Hey, I am back with another later idea today, EURUSD.
So this should be a quick win or loss, as the price is in a pattern that indicates a price action soon.
The price is in a bear flag, but considering the candles, trend, rsi and so on.. I see this breaking upside.
Entry - In the resistance area, best entry would be at the bottom of the flag uptrend line.
Take profit
Below
1.14800 around 40 pips.
Make sure to follow me in order to not miss out on my future setups.
If you found this setup useful, please don't forget to leave a like!
I post every working day. 🙌
DXY vs. SPX (Inverse Correlation Persists) DXY vs. SPX (Inverse Correlation Persists)
12:05:48 (UTC)
Fri Jul 17, 2020
EURUSD 4Hour Analysis July 5th, 2020EURUSD Long Idea
The monthly and weekly timeframes are bearish while the daily and 4hour timeframes are bullish
Currently looking for a breakout out of this daily bullish flag but we can clearly see two potential scenarios for price action:
1.Price action breaks and retests 1.12500 confirming a higher low which we will enter on and target higher toward significant resistance like 1.13500 & 1.15000
2.Price action fails to push higher and breaks significant support around 1.12000. Look to enter on a retest followed by strong bearish setups and target lower toward our weekly support around 1.10450
EUR/USD - Long Idea.Hey! I am back after weekend with another Forex idea.
EUR/USD is in a good uptrend as the daily Golden cross has been confirmed just recently.
The trade is simple, buy the support area and TP at downtrend, previous high, below 1.12600, around 60 pips, SL 20 pips so you can achieve the golden 3:1 risk reward ratio.
Good luck with trading!
Make sure follow me, in order to not miss out on my trading ideas.
Each Like is very much appreciated! 🙌
If you have any questions, feel free to ask via dm or down in comments.
EU SHORT..Based on my analysis and the current events, EU short to 1.116 looks like a go. The key will be breaking that point and seeing a push to the 1.109 range and beyond.
Sell: 1.1241
TP1: 1.12014
TP2: 1.1165
TP3:1.10999
SL: 1.12700
