EurUsd- Sell rallies is my strategyA few weeks ago I said that EurUsd could drop to 1.05 zone support and, indeed, the pair fell to that level.
A rebound followed after the second touch of this support and now the pair is trading back above 1.07.
Although this double touch of the 1.05 zone and the break above 1.07 looks like a double bottom, in my opinion, it will not play out and I expect a reversal to the downside from 1.0770-1.08 resistance zone and a new drop towards 1.05 support.
A daily close above resistance would negate this scenario
Eurusdshort
Day ShortKing W. Harbmayg's Journal Entry #8
1. Thesis: Price is at my 50 level outside the 100 pip box and is at the HOD and HOW. It broke a low which influenced me to get in. This is a counter trend back to the 100 pip box where I will scout for a potential buy. Also the evening star presented, adding more confirmation with a tight SL right at the top of the formation.
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
EURUSD, the 2 setups I'm watching for.EURUSD / 4H
Hello traders, welcome back to another market breakdown.
EURUSD has been breaking the lowers. And, the price has rejected major key level on the monthly time frame. Plus, the We have got the Dollar index DXY rejecting a Macro level which makes me think there are more stength in the dollar. Further more, we have got the US10Y bond market breaking the structure higher which makes me want to bet on the dollar while it's offering a pull-back.
Fundamentals: The current weakness on the dollar has came amid Bostic (Fed) comments : he said that the fed COULD be in position to pause from increasing rates by mid to late summer. This was late in the last week which explains the last rally in the EURUSD. However, the smartest market out there (Bonds) didn't really care about his comments.
The 2 scenarios I'm looking at:
1- The Complex pull-back AB CD move has already finished and the current pull-back migh just be the lower high on this move.
2- The price might decide to go back to the Mid-range before it finds heavy bears willing to short at a discount.
Trade safely,
Trader Leo.
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EURUSD SHORT SNIPER TRADING SYSTEM:
Simplicity is the key.
There is genius in simplicity.
12 AM 1hr Candle is RED indicating we are looking for the Bullish Set Up.
So we sell EURUSD to the 3rd or 4th Standard Deviation where we will hunt the BUY SET UP.
From one extreme of the ADR to the Bottom. The goal of a Sniper is to catch as many pips in the Daily ADR that the trend will allow.
This system trades the MACRO Pivot Points so we are in the trede when it begin$
Never Over Leverage. Trust your trade set up. Have fun!
I AM TRADING MADE SIMPLE.
Master Jedi & Sensi of #SniperGang
EURUSD SNIPER TRADING SYSTEMSNIPER TRADING SYSTEM:
Simplicity is the key.
There is genius in simplicity.
12 AM 1hr Candle is RED indicating we are looking for the Bullish Set Up.
So we sell EURUSD to the 3rd or 4th Standard Deviation where we will hunt the BUY SET UP.
From one extreme of the ADR to the Bottom. The goal of a Sniper is to catch as many pips in the Daily ADR that the trend will allow.
This system trades the MACRO Pivot Points so we are in the trede when it begin$
Never Over Leverage. Trust your trade set up. Have fun!
I AM TRADING MADE SIMPLE.
Master Jedi & Sensi of #SniperGang
EURUSD SELL HAS ENGAGED!!!!!Price has reached the bottom of our 5th Standard Deviation.
The 2min TF has already begun to sell giving us further confluence that the sell has engaged.
DXY has hit some support and should rebound which will cause EURUSD to sell.
Price followed the script perfectly today!
EUR/USD: The upward momentum will be exhausted, beware of traps!Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage.
On Wednesday, EUR/USD rebounded to the 20-day line (SMA) at 1.06844 and fell back in resistance.After falling below the 20-day line on February 2, it did not break through the 20-day line several times during the rebound, proving that there is still a lot of pressure on the market here. The technical indicators of the daily chart are slightly biased to the downside, and there is no clear direction for the time being. The failure to break through 1.0700 indicates that EUR/USD may continue to consolidate around 1.0600.
The trend of the 4-hour chart shows that EUR/USD is currently slightly higher than the downward channel since the beginning of February. There is no clear breakthrough signal for the time being. EUR/USD maintains a slight downward tendency. If it returns to the downward channel, the bears may take action, causing EUR/USD to fall to 1.0560 (the midpoint of the downward channel), but as long as EUR/USD remains above 1.0560, the bearish momentum is still limited, and once the exchange rate stabilizes above this position, the euro may point to 1.0650/60.
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Looking for short continuation EURUSD – the week of 27 Feb The USDX (USD index) has been bullish recently and ended last week with a massive bullish candle. As a result, EURUSD has been declining and I cannot see any reason why this should change next week. Price is currently within an intermediate S/R zone and a pullback is likely. The deeper pullback we get, the better it will be. That would be great because that will provide a good price to take a short and a smaller stop.
My recommendation would be to switch to a lower time frame such as H4 or H1 and look for signals that the downtrend is resuming. Targets can be located at next support areas near 1.040 and then the parity level of 1.000.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
EURUSDEURUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURUSD H4: Bearish outlook seen, further downside below 1.06800On the H4 timeframe, prices are showing bearish orderflow and are currently testing the resistance zone at 1.06800, which coincides with the Fibonacci confluence levels and descending trend line. We could see a reversal below this level to the support zone at 1.0550, which is in line with the graphical low. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias. Failure to hold below the resistance zone at 1.06800 could see prices push higher to test the next resistance zone at 1.0770 which is also in line with the 78.6% Fibonacci retracement.