Messy Monthly Candle close😾🐱Just look at this ruthless pullback breaking hearts during this monthly candle close.
0:0 Monthly Timeframe and previous Long Call
2:14 Weekly timeframe
3:34 Daily timeframe
7:10 4hr timeframe
9:50 1Hr timeframe
12:01 Fundamentals
If you've been around long enough, you would understand that the monthly candle close in forex can be tricky. Price pulled up during this previous daily candle close and that was probably the most straightforward move in the market that've I've seen in months. The 1.086 move towards 1.093 was very easy to anticpate. That was like the 1 trade a month sort of trade. Tbh I don't see a whole lot occuring prior to NFP data during friday NY session. We've already moved up a decent amount on the week. Tbh we've already hit my Weekly bullish targets being 1.093 and 1.09. With NFP, ohh mann, what a wild close to the week if we retrace towards 1.10 with a continued sentiment , Risk on , Sell USD
Eurodollar
Countertrend push early in Week 🦖 We can observe a countertrend push early in the week here
0:0 Monthly timeframe and upcoming economic data this week
3:28 Weekly timeframe
4:48 Daily timeframe
6:40 4hr timeframe
9:05 1hr timeframe
Will this countertrend push to the upside maintain despite obvious bearish momentum stretching from the Monthly timeframe? We'll see how far price will retrace here as my thoughts are a touch into the most recent daily resistance zone at 1.0864. Today during NY and London sessions we ranged hard which is expected for Monday. It Built up energy as price decided to increase through the transition of the new daily candle. Given this bullish daily candle close on monday, I'm anticipating a further retracement and pullback on the higher timeframes to 1.086 to 1.087. Key zones are 1.08225 1hr zone and 1.0806 4hr support zone. We also may see price touch 1.0795. I am looking for a Weekly wick fill this week as we have momentum on the higher timeframes. Housing data, consumer confidence and job openings will play bring some volatility during NY and So I will be looking out for that.
$EURUSD Up Sloping Trend Line FX:EURUSD Up Sloping Trend Line An "Up Sloping Trend Line" is a basic concept in technical analysis, a method used to analyze and forecast the price movements of financial assets like stocks, currencies, commodities, and more. This trend line is a graphical representation of an uptrend or bullish movement in the price of an asset over time.
Here's how it works:
1. **Construction**: An up-sloping trend line is drawn by connecting the successive higher lows in an uptrend. In other words, you start by identifying a series of low points on the price chart, and then draw a straight line that connects these low points. The idea is that as long as the price remains above this trend line, the overall trend is considered upward.
2. **Uptrend Confirmation**: An up-sloping trend line confirms the presence of an uptrend in the market. It signifies that buyers are consistently entering the market at higher prices, indicating increasing demand and positive sentiment.
3. **Support Levels**: An up-sloping trend line acts as a dynamic support level. In the event that the price retraces or experiences a temporary decline, traders often look for potential buying opportunities when the price approaches or touches the trend line.
4. **Visualizing Trends**: Trend lines help traders visualize the general direction of price movement. They provide a visual representation of the trend's strength and help in identifying potential trend reversals.
5. **Breakouts and Signals**: Traders pay attention to the behavior of price in relation to the trend line. A breakout above the trend line might indicate a continuation of the uptrend, while a sustained breakdown below the trend line could suggest a potential trend reversal or at least a weakening of the uptrend.
It's important to note that while trend lines can be valuable tools for technical analysis, they should not be relied upon in isolation. Other indicators, such as volume patterns, candlestick patterns, and broader market conditions, should be considered alongside trend lines for a more comprehensive analysis. Additionally, trends can change, so continuous monitoring and adaptation of analysis are necessary.
Overall, an up-sloping trend line is a simple yet effective tool that helps traders and analysts assess the direction and potential strength of an uptrend in a market.
Eurusd Momentum 🐻-> Probabilities Suggest Flexibility over the Rigid Ego wins. Trading with the trend Eurusd?
0:0 Monthly timeframe
2:35 Weekly timeframe
4:50 Daily timeframe
6:30 4hr timeframe
7:36 1Hr timeframe
Hey everyone. A new week and a new opportunity to master our emotions and skills in the markets. Experience suggests to me that we will sell a continuation of the prevailing bearish trend. However, and similar to last week we may see a 30 pips - 70 pips pullback prior to a push towards Daily support level 1.07455 and Weekly support level 1.07. Those are my weekly targets for Eurusd. If Eurusd decides it's a week to pullback then we may observe an increase back towards Daily resistance level at 1.0895. Otherwise, we sit in a range right now between 4hr support 1.07941 and 4hr resistance 1.08161. Be adaptable and flexible with regard to a change in market conditions. If we do decide to do a continuation to the support level's mentioned above, be ready to hold on to some runners to maximize profits. No Red folders news to begin the week here on monday.
EUR/USD -27/8/2023-• Technical long term picture for the Euro/Dollar pair is a bit mixed at the moment and at a critical area
• The yearly rally from 0.95 to almost 1.13 represents the 61.8% retracement level of the 2021 decline from 1.22 to 0.95
• The above statement gets us wondering whether the 2022-2023 rally is a trend reversal and bullish trend or just a correction of the preceding decline
• On the other side, there is an ascending channel and a higher highs higher lows identified since early March and it is still intact despite the recent drop
• The bottom trend line support of the channel along with the previous swing low around mid 1.06s are very critical in this scenario
• A break of the channel and the support level highlighted on the chart (1.0640) confirms a deeper decline and a break of the high lows series which invalidates the up trend
• Further below there is a strong support around 1.05 followed by 1.0220
• If the bullish trend were to persist and the series of higher highs stay intact, we can expect a move up to 1.14-1.15 levels
• What might trigger such dramatic moves is the jobs report in the upcoming week, inflation data in the coming weeks and any hint of a prolonged pause or surprise hike by any of the ECB or the FED
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU?
0:0 Monthly timeframe
1:03 Weekly timeframe
2:59 Daily timefraem & CPI talks
6:20 Simplify your T.A.
7:26 4hr timeframe
9:53 1hr timeframe
Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower.
When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
EUR/USD Daily Chart Analysis For Week of August 25, 2023Technical Analysis and Outlook:
This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
Inherent risks in selling the Low/Psychology Supersedes🔨 Not already positioned ? then careful about sharp liquidity grabs
0:0 Monthly timeframe
1:54 Weekly timeframe
3:26 Daily timeframe
6:02 4hr timeframe
9:40 1hr timeframe
I've found that often times in the market the best thing to do is often the hardest thing to. Going against human nature is not an easy task. It take time months if not years of consistent conditioning to master this concept. Thinking about where other market participants are positoned can contribute to your edge in the market. With all this said, we currently have clean traffic on the Daily and 4hr down to 1.0747 Daily support zone. I've been talking about this price point for weeks (go back on my publishings) ever since the July monthly candle failed to close above 1.1025 key level. This bias was confirmed when Inflation data failed to be the catalyst to take us above 1.1025. I wouldn't be surprised to see a harsh correction with London prior to a continuation of towards 1.0747 which we will tap into today or next week probabilities suggest.
Time is Ticking ⏳-> Market Structure & Pin Bar Daily Candle What are your thoughts on the Daily Pin Bar that closed bullish?
0:0 Monthly timeframe
2:02 weekly timeframe
3:22 Daily timeframe
8:23 4hr timeframe
11:17 1Hr timeframe
As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are right? Idk but trading with the trend is often the Shrewd thing to do. The majority of participants whom share their thoughts on trading view here were heavily buy biased. This is precisely why the market moved down so swiftly with manufacturing data as many participants were liquidated in a short period of time as the pyramiding concept took over and there was an avalanche of liquidations. An important part to running a successful small business as a trader begins with having a mind of your own. Doing your own analysis and crafting your own view of market activity. With this said, I'm biased towards the long side as we are towards the lows of structure on the Daily chart and structure. I could be wrong and is why I always stay very flexible. It's not about being right, it's about making money.
Engulfing candles = ⬆️ Probabilities of MomentumZooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips
0:0 Monthly timeframe
2:14 Weekly timeframe
3:52 Daily timeframe
8:50 4hr timeframe
13:35 1hr timeframe
Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to upload this one today after having issues with uploading due to internet connection. Hope you enjoy have a good trading day.
In the previous publishing, I was anticipating EU to rise from 1.088 back to 1.09 before contiuing the downward trend. Why 1.09 you may ask? Well 1.09 is the weekly support level created in June/July . The weekly candle last week failed to respect this 1.09 weekly support level. In the market, Support level's become Resistance level's and vice versa. So knowing this, I was able to captilize on the downside push today and was not surprised to see it occur. Observing the daily candle today, we can see that the Daily candle closed below our daily support level at 1.0853. Similarly, we now may anticpate this previous support level to now faciliate a selloff and continuation to the downside. Because I enjoy following the trend. You can be a contrarian, and that is fitting to some personalities. The Daily candle signaled quite a strong selloff after it hit the previous daily candle highs, grabbed liquidity , then teared lower & breaking hearts finishing the day down .45% and closing below all candles to the left hand side. 1.07452 or 1.07 asking too much by end of August Eurusd?
🚨EURUSD will FALL to Support Line🚨EURUSD is moving in the middle of the descending channel (the middle line of the channel), and the 🔴 resistance zone 🔴 and near 100_SMA(Daily) .
Also, EURUSD managed to break the Uptrend line .
🔔I expect EURUSD will fall at least to support line .
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
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🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week.
0:0 Monthly Timeframe
1:42 Weekly timeframe
3:22 Daily timeframe
5:04 4hr timeframe
7:30 Bearish Channel from last week
9:07 1hr timeframe
The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
EUR/USD Daily Chart Analysis For Week of August 18, 2023Technical Analysis and Outlook:
The price action of the Eurodollar remained downwards as projected by Trade Selecter by completing our major target Outer Currency Dip 1.087. However, a strong rebound is possible with Mean Res 1.101 as a target. On the downside, price action might take us to the Next Outer Currency Dip of 1.070.
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point.
0:0 Monthly timeframe
2:05 weekly timeframe
3:30 Daily timeframe
5:50 4hr timeframe
9:11 1hr timeframe
11:40 recap of recent trade
Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853
Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
📈EURUSD 4H deadly analysis📉FX:EURUSD
OANDA:EURUSD
FOREXCOM:EURUSD
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Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD.
A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD.
What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward
0:0 Monthly Timeframe
1:25 Weekly timeframe
2:32 Daily timeframe
4:36 4hr timeframe
7:50 FOMC meeting minutes during upcoming NY
8:49 1hr timeframe
9:30 Retails sales data from today
Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days
Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07?
Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
Sellers Beware 🖾 Weekly Demand Level [1.09] ↗️I care about where candles close! 😂
0:0 Monthly timeframe
0:53 Weekly timeframe
3:47 Retail Sales & Manufacturing data
4:31 Daily timeframe
6:29 4hr timeframe
9:22 1Hr timeframe
9:40 Bias
12:14 be flexible
I pay attention to where candles close. Yes, it is important, because this is the concept that really validates any data collection during backtesting. No indicators needed, just paying attention to how candles close relative to our key zones AKA levels. 1.09 is a key area for us. Thus far, we have done an impressive job of closing above 1.09. As long as we stay within a vicinity of 1.09, my bias this week and the next will remain bullish. I like support and resistance bounces as it's a fundamental part of my system.
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
EUR/USD Daily Chart Analysis For Week of August 11, 2023Technical Analysis and Outlook:
This week, the price action of the Eurodollar remained stagnant between the Mean Res 1.102 and Mean Sup 1.094. Thursday's reversal tips its hand to continue the pivotal down-move mode with the target, Outer Currency Dip 1.087. However, another jump toward the Mean Res 1.102 level is also possible in this rigged market.