Eurusdshort
EURUSD - IN ANTICIPATION OF A POSITIVE PCE REPORT (TARGET 1.081)The upcoming release of the Core PCE Price Index, a key inflation metric closely monitored by the Fed, is scheduled for 13:30 GMT. Despite not anticipating major surprises due to its inclusion in the recent GDP report, investors will closely examine this data along with December's Personal Spending and Personal Income figures for deeper economic insights. While positive outcomes in spending and income could bolster the USD, disappointing results might signal weakening consumption, potentially impacting the USD's immediate performance.
The previous retail sales data was extremely bullish. Retail Sales and Personal Consumption Expenditures (PCE) often show a positive correlation, both reflecting consumer spending trends. While Retail Sales focus on goods, PCE covers a broader range including services. Both indicators are influenced by similar economic factors like employment rates and consumer confidence, making them crucial for understanding economic health. However, their scope differs, with PCE providing a more comprehensive view of total consumer spending. Traders should monitor these metrics for insights into consumer behaviour and overall economic conditions.
Based on these macro assumptions I'll explore the bullish outcome for the dollar:
What is on the chart? (Follow the steps)
1) We have our first accumulation structure which was followed by a breakout and also a market structure shift. This accumulation was fuelled by a 4H FVG.
2) When paired with the Ichimoku Kinko Hyo indicator you'll notice more downside confirmations such as a break of both the daily Kijun and Tenkan, a Tenkan/Kijun crossover and a Kumo twist. Thirdly the weekly Tenkan was broken and retested. These are all major signals.
3) We're currently still range bound with the daily 0.786 level as support that was perfectly respected. This level is strengthened by the daily Kumo.
4) I am relying on the 4 Hour order block as the final resistance before the potential positive PCE data release which would be final blow. Price should continue its downfall towards sellside liquidity.
Here are some extra charts to strengthen the bias:
As usual, happy trading and have great day!! :)
EURUSD M15 / Short Trade Idea / Waiting for Confirmation ✅Hello Traders!
This is my idea related to EURUSD M15. I expect a retracement from the resistance level.
Today we have important news on EURUSD, let's see what impact it will have on the EU move.
As a target point, I take into consideration the BOSS which I expect will be taken.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EUR/USD ENTRIESIm still leaning towards USD weakness, so therefore I am predominately looking for long entries, I am going to wait for the London open before making a decision, if price continues to reject from the 108.700 area then I would consider a buy from the current area, however if it drifts up to the middle of structure then I would wait for the break above structure and a 1h / 4h close above the blue line.
Sells could be on the cards with a sold break below structure and a retest of the blue line and a lower low close on the 15 min
EURUSD is ready to go shortThe price movements from 1.0980 are viewed as a corrective pattern for the preceding uptrend. While further upward movement cannot be ruled out, the rally appears to be capped by the break of the 1.0920 level, signaling a potential sell-off towards the target at 1.0768.
Therefore, we are opening a short position to target the mentioned objective as the next goal.
Yemi_Fx1 | SELL OPPORTUNITY ON EURUSD The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:EURUSD is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
Bearish Symphony: EUR/USD Dances to the Melody of Downward TrendGood morning, this is Joe Malone from Districtfx. Currently, we're observing bearish price action for the EUR/USD pair. The charts indicate a bearish sentiment around the 1.08900 level. We anticipate a retracement to that level, presenting a selling opportunity to the downside. Upon retracement, we'll explore a potential selling opportunity, targeting the low of the London session at 1.08680 and another take profit level at 1.08550. It's crucial to manage risk effectively for future trading opportunities. Stay warm on the East Coast, and have a great weekend!
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EURUSD Day Analysis | Sell SetupHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURUSD
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Update: EURUSD short 4h c.3 Trade 1 Short Playbook 4H C.3
Trade Idea 2
1. Price Has hit my area of value. I currently see no downward momentum. The fundamental news are also bullish.
CPI: Positive
2. I will wait for a confirmation liquidity model to present on a lower time frame before placing a short trade.
3. If that happens I will place my trade with a decent size stop loss.
4. If price fully mitigates this resistance zone then I will change my bias to long
Trade Idea 1:
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
EURUSD sell/short EURUSD looks like a short fall from here after breaking trend on the channel trade in these last few days. It does seem to be in a continuous downtrend pattern and does not seem like it will be stopping anytime soon. I suggest a short from 1.08679 all the way down to 1.05703 for a long term profit close. Please take proper risk management upon entering the trade.
EURUSD Seasonal & Technical Analysis: In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD.
Starting with the weekly and daily time frames, we identify prominent head and shoulder patterns that are indicative of a potential downturn in the market. These patterns often serve as reliable signals for trend reversals, and their presence across multiple time frames enhances their significance.
Furthermore, our analysis extends to the seasonal aspect, where a decade-long examination reveals a compelling trend. Over the past 10 years, a remarkable 80% of the time between January 17th and March 1st has seen bearish movements in the EURUSD. This historical trend strengthens the argument for a continued bearish trajectory in the upcoming weeks.
Whether you're a seasoned trader or someone looking to understand the dynamics of the currency markets, this video analysis provides a comprehensive overview of the technical factors and historical trends supporting the belief that EURUSD is poised for a sustained bearish phase. Stay informed and make well-informed decisions by tuning in to this in-depth analysis.
EURUSD SELL SETUPFX:EURUSD
A break below 1.08940 Daily support has simultaneously broken bullish structure on the 1h, 4h and daily timeframes changing my bias to a bearish bias. a retest back to the 1.08940 area as daily resistance and a 4h bearish engulfing candlestick is enough confluence/confirmation to short EURUSD.