In anticipation of tomorrow's trading session, our attention is squarely fixed on EURAUD, where we are actively assessing the potential for a selling opportunity around the 1.63200 zone. Presently entrenched in a downtrend, EURAUD showcases a sustained downward trajectory. The currency pair is currently navigating a correction phase, steadily converging towards...
EURNZD long idea from support zone. I will be looking for long positions when price enters this zone because this is a really strong zone on the weekly chart!
My view is bearish for the euro it can continue to decline by hitting liquidity on top.
I had my analysis, market seems to break lower lows, and changes its trends to Long side, but it is not what it looks like. Price has made liquidity in h4 timeframe, and the price has approached the Supply zone. You can go short rom here and manage your stop losses accordingly. #Happy_Trading
Here is my latest structure analysis for EURUSD. Supply Zone 1: 1.0995 - 1.1066 area Supply Zone 2: 1.1129 - 1.1150 area Demand Zone 1: 1.0822 - 1.0847 area Demand Zone 2: 1.0723 - 1.0761 area Demand Zone 3: 1.0656 - 1.0668 area Demand Zone 4: 1.0496 - 1.0536 area Demand Zone 5: 1.0447 - 1.0467 area Consider these zones for pullback/breakout trading next...
This is my Weekly analysis on EURUSD for 18 - 22 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ 2. After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand...
Hey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance area. Trade safe, Joe.
1H - Confirmed short context on the main timeframe. Primarily, I would like to see the removal of the SSL with further targets above, as we have an obvious compression left without any significant interaction.
4H - The four-hour chart remains long until the price consolidates below the fractal minimum marked in red. The clear target of the current movement is the fractal minimum with an imbalance. Similar to the daily timeframe, I anticipate primarily covering the imbalance, with the continuation of the price movement towards equal maximums.
Hello! Here's a weekly review of the EUR/USD pair from higher timeframes to lower: 1D - Since Wednesday, we have shifted the daily context from short to long after the price secured above the fractal maximum. The target was set to the nearest fractal maximum. On Friday, I expected the removal of the fractal local maximum, and the price, in turn, made a corrective...
EURUSD got rejected on Resistance (1) forming a Double Top. With the medium term pattern being a Bullish Megaphone, this rejection technically aims at the bottom of the pattern. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.0650 (Support 2 and bottom of Bullish Megaphone). Tips: 1. The MACD (4h) just formed a Bearish Cross, which is a...
Hey Traders, in the coming week we are monitoring EURJPY for a selling opportunity around 156.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 156.500 support and resistance area. Trade safe, Joe.
EUR/USD Poised for Further Gains Despite Short-Term Technical Hurdles The EUR/USD pair experienced a remarkable surge on Wednesday, registering a gain of over 1% and reaching levels unseen since late November, surpassing the 1.1000 mark. While short-term technical indicators hint at a potential downward correction, a comprehensive analysis incorporating the main...
#EURUSD Update The long context is still intact, and it's interesting to consider building a position after another round of liquidity removal below. The targets above are still relevant, formed by the imbalance. Perhaps before the New York open, we will cover the imbalance, and during the New York session, we may experience a full-fledged long movement. The...
This is my Intraday analysis on EURUSD for 15 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High maybe more above. After the...
Overnight, the ECB remained cautious, stating that while the inflation path is lower than before, the ECB should not lower its guard. Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB did not discuss rate cut scenarios. The EURUSD traded higher following the news, with price trading within the 1.10 resistance area. Technicals Price...
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Hey Traders, In today's trading session, our attention is on EURGBP, as we seek a selling opportunity around the 0.86500 zone. Having previously traded in an uptrend, EURGBP has recently broken out from this pattern and is currently in a correction phase. The correction brings the currency pair towards the retrace area at the 0.86500 support and resistance region,...