EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
Eurusdshort
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0482
2nd Support – 1.0445
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EUR/USD Short Trade Analysis and Updated StrategyHello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish.
Indicators:
RSI: At 40, close to oversold territory but still with room for downside continuation.
Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside.
MACD: Below the signal line, signaling bearish momentum.
Key Levels:
Support: 1.0480, 1.0450.
Resistance: 1.0510, 1.0540.
H4 (4-Hour Chart)
Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band.
Indicators:
RSI: At 42, showing weak momentum but not yet oversold.
Stochastic: 28, nearing oversold levels.
MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0515, 1.0540.
H1 (Hourly Chart)
Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud.
Indicators:
RSI: At 45, confirming weak bearish momentum.
Stochastic: 23, indicating oversold conditions and possible pullback.
MACD: Slightly bearish, with price momentum losing steam.
ATR (14): At 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0510, 1.0535.
M30 (30-Minute Chart)
Trend: Bearish but consolidating at key support levels near 1.0490.
Indicators:
RSI: At 43, close to oversold.
Stochastic: 20, signaling a possible short-term pullback.
MACD: Flat, reflecting indecision.
Correlated Financial Instruments
DXY (US Dollar Index):
Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD.
Gold (XAU/USD):
Declining due to USD strength, supporting a bearish bias for EUR/USD.
Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity.
Trade Details:
Entry Price: 1.0510–1.0515 (on a retracement).
Stop-Loss: 1.0535 (above recent resistance).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above the breakout level).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance)
Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk.
Trade Details:
Entry Price: 1.0505.
Stop-Loss: 1.0520.
Take-Profit Levels:
TP1: 1.0490.
TP2: 1.0480.
Risk/Reward Ratio: ~1:1.5.
EURUSD H1 11/12/2024 - SELL below 1.0525/1.0530 , Reversal 1.054Multi-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud.
Indicators: RSI at 40 and MACD signaling downside momentum.
Support/Resistance:
Support: 1.0490 and 1.0450.
Resistance: 1.0540 and 1.0570.
H4 (4-Hour Chart)
Trend: Downtrend continues, with price consolidating near the lower Bollinger Band.
Indicators:
Stochastic is in the oversold zone (17.87), indicating potential short-term pullback.
MACD suggests bearish momentum but losing strength.
Support/Resistance:
Support: 1.0495 and 1.0450.
Resistance: 1.0530 and 1.0550.
H1 (Hourly Chart)
Trend: Price is below all major moving averages and Ichimoku cloud, confirming bearish structure.
Indicators:
RSI at 40, indicating continued bearish bias but with room for a pullback.
Stochastic is oversold (23.76) and turning up, suggesting a potential retracement.
ATR (14) at 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0495, followed by 1.0450.
Resistance: 1.0530 and 1.0545.
M30 (30-Minute Chart)
Trend: Intraday bearish trend intact, with consolidation near key support levels.
Indicators:
MACD turning slightly neutral.
Stochastic oversold (28.47), indicating potential for minor correction.
Revised Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale:
EUR/USD remains in a bearish trend, and any pullback toward 1.0530–1.0540 provides an optimal sell opportunity.
Trade Details:
Entry Price: 1.0525–1.0530 (on a retracement to resistance).
Stop-Loss: 1.0555 (above the intraday resistance).
Take-Profit Levels:
TP1: 1.0495 (current support).
TP2: 1.0450 (next key support).
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale:
A clean break below 1.0495 would confirm bearish continuation, targeting lower levels.
Trade Details:
Entry Price: 1.0490 (on a confirmed breakout).
Stop-Loss: 1.0515 (above the breakout level).
Take-Profit Levels:
TP1: 1.0470.
TP2: 1.0450.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Intraday Scalping on Reversal
Rationale:
If price breaks above 1.0535, it may trigger short-term buy momentum, targeting a retracement to the next resistance.
Trade Details:
Entry Price: 1.0540.
Stop-Loss: 1.0525.
Take-Profit Levels:
TP1: 1.0555.
TP2: 1.0570.
Risk/Reward Ratio: ~1:1.5.
Key Considerations
News Impact:
Watch for the 13:30 GMT US inflation data release, which could spike volatility. Avoid placing trades right before the release.
Correlated Instruments:
DXY: A rise above 106.75 may further pressure EUR/USD.
Treasury Yields: A spike in yields could add USD strength.
EUR/USD: Are We Crashing Through Parity?Well, well, well, EUR/USD, you sly dog. Just when we thought the pair might catch a break, it doubles down on its favorite hobby—going DOWN. 📉 Since late September, this thing has been in a nosedive so steep it makes roller coasters look tame. 🎢
And now? It’s giving us not one but TWO glorious bearish flags. That’s the market’s way of saying, “Hold my beer, I’ve got more downside to cover.” 🍺 So, buckle up as we break down what’s happening with EUR/USD, why it’s acting like a currency in free fall, and just how low it might go. Spoiler alert: Parity might not be far enough. 😏
The Downtrend Diaries: EUR/USD’s Love Affair with Lows
Okay, let’s rewind to late September. What happened? Oh, just EUR/USD deciding it was time to swap its bull costume for a full-blown bear suit. 🐻 We’re talking lower highs, lower lows, and every technical analyst’s favorite phrase: "the trend is your friend" (until it’s not, of course).
This week? The pair is snuggled nicely inside its second bearish flag, like a bear hibernating before its next big move. For those of you wondering, a bearish flag is when the market pauses, catches its breath, and says, “Alright, time to drop some more.” And let me tell you, these flags aren’t subtle. They’re practically screaming, “Hey, the trend’s still bearish—don’t get any ideas!”
Why So Bearish? Let’s Blame the Usual Suspects
The Almighty Dollar Flexing Again 💪
The USD is out here reminding everyone why it’s called the safe-haven king. Interest rates? Still high. Risk-off sentiment? Very much alive. Meanwhile, the euro’s like that one kid who forgot to study for the test—it’s just not prepared to fight back. 🤷♂️
Eurozone: Where’s the Mojo?
Between slowing growth, sticky inflation, and the French government imploding (because why not?), the euro is struggling to convince anyone it’s worth a rally. Even the promise of €500 billion in defense spending couldn’t lift its spirits for long. If fiscal spending can’t save the day, what can?
Bearish Flags Don’t Lie 🚩
These flags are the cherry on top of the downtrend sundae. First, we had one around 1.0650, which broke lower like clockwork. Now we’re staring down another flag that’s coiled tighter than my jeans after Thanksgiving dinner. Once this breaks, well... let’s just say the floor is looking mighty inviting.
How Low Can It Go? Let’s Talk Targets 🔭
Now, if this flag plays out like the textbook says, EUR/USD could easily revisit 1.0450. And if that level doesn’t hold? Get ready to dust off those parity memes. Yes, I’m talking 1.0000, the big, scary, psychological level where everyone suddenly remembers how to panic. 😱
But hey, let’s not stop there. The lower boundary of the larger downtrend is lurking below 0.9900, and if the bears get really hungry, that’s where they’ll feast. 🍴
The Sarcastic Silver Lining: What Would It Take to Flip Bullish?
Oh, you want bullish scenarios? That’s cute. 😏 Here’s what would need to happen:
The euro suddenly gets a personality transplant and decides it’s worth something.
The USD forgets it’s the global reserve currency and takes a nap.
A miracle. Like, divine intervention-level miracle.
But seriously, unless EUR/USD breaks above 1.0600 with conviction (and by conviction, I mean a rally that doesn’t immediately fall apart), the bears are still in charge.
Final Thoughts: Trade Smart or Get Wrecked 💀
Look, the writing’s on the wall. EUR/USD is in a downtrend, the flags are flapping, and the bears are sharpening their claws. This isn’t the time to play hero and try to catch a bottom. Instead, let the trend do its thing, wait for the flag to break, and ride the wave lower. 🌊
And hey, if it does hit parity, at least we’ll have something to talk about at the next market meltdown party. 🎉 Until then, keep those stop-losses tight, and don’t forget: the trend might be your friend, but it’s also got a dark sense of humor.
Catch you next time, traders. George out. 🎤
EUR/USD Short term short to long idea pending...This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
Sell EUR/USD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0442
2nd Support – 1.040
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURUSD Broke The Monthly SupportThe Pendulum Fork gives us good context of where Major Upper and Lower extremes are in this picture.
The rejection at the L-MLH is really a Tell, and should not be ignored then. Multiple opportunities there to go Short.
Then a small slanted support came into play, which also gives us another chance for a short.
Potential Targets are displayed by the yellow Arrows.
EurUsd Just Near to TP. (Late Post)Looking for Impulse down.
EurUsd moving down on retracement. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
EURUSD - SHORT IDEA H4Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
An idea for EUR/USDIt seems that the break of the long-term trend line of the euro was done the other day after the election of Trump as the president of the United States. In this range up to 1.06, we can expect to continue the fall. A position with R:R equal to slightly more than 1. It is not very attractive to enter, but you can think about it!
EUR/USD Shorts from 1.07800 back downThis week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside.
There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B.
Confluences supporting EU sell positions are:
- Price action has been strongly bearish, aligning with a pro-trend idea.
- The DXY has been bullish, which suggests EU could continue to move down.
- Liquidity remains focused to the downside.
- A potential supply zone is identified, providing a possible selling POI.
P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend.
Look out for CPI and remain diligent!
EURUSD SELL | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️