Swings Get Swept- Wicks are CluesThis is the 4hr TF of EURUSD. The Swing Low has been established. Wicks are nothing more then imbalances and typically get filled. By leveraging the bias of the asset you have a very high probability of entering a great trade. The DXY is heavy bearish which means US Base pairs are bullish. The Quarters Theory dictates that price trades within 000 - 250 - 500 - 000. Those are awesome target areas on any asset. Tomorrow is a holiday this is an aggressive play. As always never over leverage. Trust your trade set up. Have a great holiday!
Eurusdtrade
EURUSD: Potential to turn BEARISH!Thd D1 swing structure is bearish, having made a bearish BOS externally. Internally, price is bullish, having successive iBOSs to achieve the pullback to an internal LQ target.
Price has reached a premium supply zone, a high probability location to look for a shift
in the market from bullish to bearish, starting the next bear leg to make the HTF LL.
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EURUSD did indeed turn bearish....Price has dropped over 100 pips from the poi. I believe it is heading to the sell side LQ for
the raid @1.0825 low, and potentially further into the FVG and discount prices.
Again, the pullback may have started, but it is not confirmed until price has a substantial
BOS (break of structure). For me, that would be a daily candle close below the SSl level.
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💡 GBPUSD: Broke the peak to create a higher peak➡️ GBPUSD broke the previous peak and created a higher peak, so the current structure of this currency pair is bullish so you can consider waiting for the price to recover and then buy.
➡️ Note that the momentum to break the previous peak area is not too strong, however, the price is already operating above the large time frame resistance area so we can buy up.
💡 EURUSD: May continue to decrease due to economic factors➡️The Eurozone's industrial sector faces challenges due to sluggish demand in key global markets. Recent data indicates a decline in eurozone industrial output, exceeding market expectations. The trade surplus, adjusted for seasonal factors, has narrowed from August levels due to a drop in export output. These developments suggest that the Eurozone's economic outlook remains uncertain, with limited prospects for significant improvement until global trade regains momentum.
➡️Technical analysis of the EUR/USD pair reveals a potential correction scenario. The MACD histogram bar and double line are expanding near the zero axis, while the price is nearing the 48-hour moving average. Given the weak economic data from the Eurozone, further downside for the Euro cannot be discounted.
💡 EURUSD: Next predictionEURUSD has slowed down in the past session, the price has now created a railroad model on the daily, an unfavorable signal for buyers. However, this signal is still quite weak and has not changed the situation. Those with long positions can continue to hold, the target is still around 1.1000.
➡️CALENDAR FOR TODAY :
- ECB Financial Stability Review
- Unemployment Claims
- Revised UoM Consumer Sentiment
💡 EURUSD: The main trading strategy is buying up➡️ EURUSD has experienced a rebound, surpassing the earlier peak and establishing a higher one. Significantly, this breakthrough occurred on the daily timeframe, suggesting a strong likelihood of upward movement in the short term. Currently, the primary trading strategy for this currency pair is to monitor and consider buying.
✔️The closest support area is located near the previous bottom around 1.0850. Traders may opt to wait for the price to retrace to this level and subsequently search for potential trading signals.
Gains momentum above 1.0950 amid overbought conditionThe FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the trajectory of future policy rates.
According to the four-hour chart, the bullish potential of EUR/USD remains intact as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA). It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50. However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation.
That being said, the immediate resistance level for EUR/USD is seen near the upper boundary of the Bollinger Band at 1.0978. The critical upside barrier is located near a psychological round figure and a high of August 11 at 1.1000. Any follow-through buying will see a rally to a high of August 4 at 1.1042, en route to a high of July 27 at 1.1149.
On the downside, the 1.0895–1.0900 region acts as an initial support level for the major pair. The mentioned level is the confluence of the psychological mark and a high of November 16. Further south, the next contention level will emerge near the lower limit of the Bollinger Band at 1.0817. A break below the latter will see a drop to the 50-hour EMA at 1.0759, followed by a high of November 9 at 1.0725.
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Impulse Correction Impulse , Completed " 123 " Impulsive Waves at Fibonacci Level - 61.80% or Daily Demand Zone and Rejecting with Strong Bearish Price Action with Divergence in RSI. If it Rejects then Sell after Retest
Entry Precautions :
Wait for the Breakout or Retracement
EURUSD 4H :Retest and then rise up EURUSD
New forecast
The euro/dollar pair rose in yesterday's trading and ended above the 1.0808 level, confirming the continuation of the dominance of the bullish corrective trend. so positive targets will be began by breaking 1.0882 level and reach to 1.0906 and 1.0935 .
Therefore, the upward scenario will be remain valid during coming period ,supported by moving average 50 that is continue to support the price to rise up , but right now the price need to forms the negative correction to 1.0836 and if can break it then will be continue at the negative correction to 1.0808 then will rise up , taking into account that stabilized under 1.0808 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.0882 and support line 1.0808.
Additionally ,Today News will affect the market .
resistance line : 1.0882 , 1.0935
support line : 1.0836 , 1.0808
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
🦈 EURUSD todayHello trader, have a good day ♥
EUR/USD stands tall near its highest level since August, around mid-1.0900s
The EUR/USD pair enters a bullish consolidation phase during the Asian session on Tuesday and oscillates in a narrow trading band just below mid-1.0900s, or its highest level since August 14 touched the previous day.
Above 1.0945 comes 1.1000FX:EURUSD adds to the ongoing optimism and reaches a new three-month peak around 1.0940 at the beginning of the week.
The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, today at 1.0805, the pair’s outlook should remain constructive.
EURUSD IdeaFX:EURUSD OANDA:EURUSD
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EURUSD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I wait price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.07000.
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The surpass of 1.0900 should expose 1.0945FX:EURUSD adds to Thursday’s small gains and flirts with the key 1.0880 region at the end of the week.
The continuation of the upward bias could challenge the immediate up-barrier at 1.0900 ahead of the weekly high of 1.0945 (August 30). Once the latter is cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.
EURUSD time frime 1dHI guys . today i show you my first post on EURUSD . AS you can see. we are in an uptrend . but the general trend is down . as you can see .i have a QML model and the beginning of the entry of those with long-term selling deals . be careful of this area because it is considered very important in making the right décision