Sell EUR/USD around 1.055 Looking at the chart and technical analyses only, I would expect price to grap some liquidity, fill in the imbalance created on the 10th of december and from there going lower breaking the strong support at 1.045.
USDEUR trade ideas
EUR/USD Buy TradeEurusd is consolidating and most probably will retest its current support which is @ 1.04100
If daily candle rejects support than Buy with Target @ 1.0600.
If daily candle closes above resistance @ 1.06300 than Buy Target @ 1.09300.
EUR-USD Local Long! Buy!
Hello,Traders!
EUR-USD is already making a
Rebound from the horizontal
Support of 1.0453 so we are
Locally bullish biased and
We will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
Why I'm buying EURUSDHello there :)
We are in a downtrend but with the inverse head and shoulders the chances of us continuing down are very slim.
Yes we were unable to break the neck of the head and shoulders but we were unable to see bullish momentum either...
This is how the retest looks when paired with the RSI. It is a divergence indicating weakness
for selling.
This is a weak setup but it is worthy to be published
EURUSD - ANALYSISHello friends, I want to share my view on EURUSD with you
My expectation from the Euro, based on what I see on the chart, is that we will move up, given that we reached the bottom of the range and the 4h time frame was completely entered for buying
And my first target for the Euro is 1.06098 , which is the top of the range, and my second target for the Euro is 1.07677 .
Trade safe
Euro-dollar struggles to find directionTraders have mostly discounted the latest single cut by the European Central Bank (‘the ECB’) since that was widely expected and the comments in the subsequent press conference didn’t give any significant new information. Inflation has also risen in the eurozone in the last two months but hasn’t reached as high as in the USA. The difference in rates between the ECB and the Fed is likely to remain at least 1% for the foreseeable future.
After a bounce at the end of November following the failed test of $1.04, euro-dollar hasn’t shown ongoing momentum upward. It might now fall into a sideways trend with a range between around $1.04 and $1.06. Most indicators are close to neutral in the shorter term but the main downtrend active in October and November could reassert itself depending on the reaction to the Fed’s meeting and, to a lesser extent, PCE and GDP.
Weekly Forecast for 16th December 24Still looking for price to tap into the weekly FVG and the 50% level of dealing range
My bias is bullish, we have taken out some key LQ below and I am expecting price to hold high resistance lows. More details in the video!
EUR/USD shorts to take key levels of liquidity belowI am expecting EUR/USD shorts this week as the Euro tends to align with the pound. overall from my HTF analysis the euro is bearish but we can expect price to retrace in order to further push down.
However, this week we see one of two options, price either pushing up to take the ASH created from market open before continuing in the downtrend from the 45min supply.
The second option price will push up to the 4h supply, validating the 2h demand that lays below ensuring price pushes up which will be it's HTF retracement before price overall comes to the downside.
we will see how price plays out this week from market open and its intentions will become slightly clearer on Monday and we will then better understand if price is ready to make its retracement or price wishes to continue down further.
HelenP. I Euro can reach trend line, break it, and continue riseHi folks today I'm prepared for you Euro analytics. Some time ago price traded between resistance 2, which coincided with the resistance zone, and then rose until to trend line, making a first gap. After this, EUR turned around and dropped below resistance 2, breaking it and then made a retest, after which dropped to resistance 1, which coincided with one more resistance zone. Next, the price broke this level and started to trades inside consolidation, where it soon fell to the support level, which coincided with the support zone and even made a movement down to 1.0330 points. Then in a short time, the EUR backed up to consolidation, making a second gap, and then rose to the trend line inside the range. After this movement, the price turned around and declined to the support level, where trades are near now. In my mind, EURUSD will rise to the trend line, and then make little correction movement. Then price can break this line and continue to move up to the 1.0630 resistance level. If you like my analytics you may support me with your like/comment ❤️
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair is forming a falling wedge pattern on the daily chart, which typically signals a potential bullish reversal. The price is currently consolidating within the wedge, and a breakout above the resistance line would indicate a shift in momentum to the upside, offering a strong buy opportunity.
Technical Outlook:
Pattern: Falling Wedge
Forecast: Buy ( More Buy Opportunity upon Resistance Breakout)
Entry Strategy: Enter a buy position after the price breaks above the wedge's resistance line and confirms the breakout with bullish price action, such as a strong close above the resistance or a retest of the breakout level.
Traders should monitor supporting indicators like RSI for oversold conditions or MACD for a bullish crossover. Risk management is essential, with stop-loss orders placed below recent lows and profit targets set at key resistance levels above the wedge.
EUR/USD is bullish now after this breakoutDESCENDING WEDGE PATTERN BREAKOUT :
FX:EURUSD has broken out of a descending wedge pattern with strong confirmation indicating market will go upwards till the target equivalent to the max width of the pattern
STRONG SUPPORT ZONE TESTED :
market has recently tested a strong support zone which it had tested earlier two times and had gone upwards indicating strong upward momentum for the currency pair
PROFIT TARGET :
level is 1.05274
EU - breakout from wedge patternTime to go for buy position
Good risk to reward and price pattern confirmed
EURUSD Will Go Lower! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.049.
Considering the today's price action, probabilities will be high to see a movement to 1.032.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD: Bullish Reversal Confirmed 🇪🇺🇺🇸
EURUSD nicely respected a key daily horizontal support.
With a consequent bullish movement from that, the price went up
and violated a resistance line of a falling wedge pattern on a 4H.
It confirms a local bullish reversal.
We can expect a bullish movement at least to 1.05236
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Read The EURUSD MarketLet's Looking at EURUSD Chart in all Scales and Prepare For start the next Week, Good Luck With Your Trades <3
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
In recent weeks, the EUR/USD pair has been in a downward trend and is currently trading below a significant resistance zone.
As long as the price remains below this resistance, the bearish movement is expected to continue. However, if the price breaks above the identified resistance zone, this analysis will be invalidated, and a potential trend reversal may occur.
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD - SIGNS OF RECOVERY?EURUSD has been in a downtrend (Bearish) for weeks looking at the Elliot wave pattern (D1) and is currently on wave E. But could there be signs of recovery or will it continue downwards to extend wave E maybe to previous low of 1.034 area? A break below 1.04550 would give us some strong confirmation on that. On the other hand (H4), pair is in a range and a descending channel formed therein. Price bounced off support level of 1.046 and somewhat trying to break above it as well. If it breaks above 1.0510 level we could see a rise to 1.0603 level thus bringing an end to wave E. That would also mean DXY would retreat from current strong resistance levels.
if price breaks out of range i.e. below 1.046 then I go SHORT.
But I would take a LONG bet next week once a break and close above 1.0510 is confirmed. Also RSI is showing some strong divergence on the H4 giving me some more convictions to go LONG.
Sentiment data shows a MIXED reaction more reason for a wait and see what price does at these levels. From contrarian view, the bears should have it. Till then.
Your thoughts?
EURUSD Technical Analysis: A Closer Look at Two Key Support and
Considering the rebound from the marked demand zone, an upward move in the EURUSD pair is not unlikely. However, a bullish scenario for the pair becomes more convincing after breaking the 1.06 resistance level and retesting it. Otherwise, the bearish outlook remains intact. For a renewed selling opportunity, we need to wait for the marked demand zone to be broken before re-entering the market.
Comprehensive Guide to Bull and Bear Flag PatternsBull and bear flag patterns are some of the most reliable and widely used chart patterns in technical analysis.
These patterns are particularly effective for traders who prefer trading with the trend, offering clear entry and exit points.
They appear frequently in trending markets and represent short consolidations before the trend resumes.
In this guide, we’ll cover the characteristics of bull and bear flags, trading strategies, and how to enhance your flag trading using multi-timeframe analysis.
What Are Bull and Bear Flag Patterns?
Bull and bear flags are continuation patterns, meaning they signal the potential for a price move to continue in the direction of the prior trend after a brief consolidation or retracement.
Bull Flag: This pattern occurs during an uptrend. After a sharp rise in price (the flagpole), the price begins to consolidate within a downward-sloping channel (the flag). A breakout to the upside typically follows, continuing the trend.
Bear Flag: In a downtrend, after a strong decline (the flagpole), the price consolidates in an upward-sloping channel (the flag). When the price breaks downward, it continues the downtrend.
These patterns are valuable for traders as they provide clear entry signals when the price breaks out of the flag's consolidation range.
Anatomy of a Flag Pattern
The flag pattern consists of two main components:
The Flagpole: This is the sharp price movement that occurs in the direction of the trend. It signifies strong momentum and establishes the direction in which the trend is moving.
The Flag: The flag is a period of consolidation or retracement that follows the flagpole. The price moves within parallel or slightly converging trendlines and typically retraces about 30% to 50% of the flagpole. The flag represents a pause in the market before the trend resumes.
Key Characteristics:
Bullish Flag: Occurs in an uptrend, and the consolidation takes place in a downward-sloping channel.
Bearish Flag: Occurs in a downtrend, and the consolidation takes place in an upward-sloping channel.
Volume (if you trade Crypto or stocks) tends to decrease during the consolidation phase and increases significantly at the breakout point, confirming the continuation of the trend.
Trading Strategies for Bull and Bear Flags
While bull and bear flags are relatively simple to identify, using different strategies can help enhance the effectiveness of trades. Here’s a breakdown of the most effective approaches to trading these patterns:
1. Breakout Strategy
The breakout strategy is a straightforward approach that traders use to enter a position when the price breaks out of the flag's consolidation. This marks the continuation of the trend and offers a high-probability setup.
Entry: Enter the trade when the price breaks above the upper trendline of a bull flag or below the lower trendline of a bear flag.
Stop-Loss: Place the stop just outside the flag’s opposite boundary (below the flag for bull flags or above for bear flags).
Take-Profit: Measure the length of the flagpole and project it from the breakout point. This will give you a target for where the price could potentially move.
2. Multi-Timeframe Strategy
The multi-timeframe strategy involves using multiple timeframes to analyze the flag pattern. This strategy can provide a more robust confirmation for entering the trade, as it gives you a broader perspective on the overall trend.
Higher Timeframe Analysis: Begin by analyzing a higher timeframe (e.g., the daily chart). Look for a strong trend, either bullish or bearish, and identify if a flag pattern is forming within this trend.
Lower Timeframe Confirmation: Once the pattern is identified on the higher timeframe, zoom in on a lower timeframe (e.g., the 1-hour or 4-hour chart) for precise entry points. Look for the price to break out of the flag pattern on the lower timeframe, confirming the trend continuation.
Why Use This Strategy?
Multi-timeframe analysis reduces the risk of false breakouts by confirming the broader trend on a higher timeframe.
It allows you to refine your entries by using a lower timeframe for greater precision.
Note:
A critical benefit of this strategy is its ability to significantly enhance the risk-to-reward (R:R) ratio, with the example presented achieving an impressive 1:5 ratio. This means that for every unit of risk taken, the potential reward is five times greater—a highly efficient use of capital and risk management.
3. Pullback Entry Strategy
The pullback entry strategy offers a more conservative approach to trading flag patterns. Instead of entering at the initial breakout, this strategy waits for a pullback toward the breakout level to confirm the trend’s continuation.
Entry: Enter the trade after the breakout has occurred but wait for the price to pull back to the flag’s trendline. This pullback gives you a better risk-to-reward ratio.
Stop-Loss: Place the stop just below the flag’s trendline for a bull flag or above it for a bear flag.
Take-Profit: As with the breakout strategy, project the flagpole's length from the breakout point for your target.
When Not to Trade Flag Patterns
While flag patterns are reliable, they are not always guaranteed to work. There are specific conditions when you should avoid trading them:
Choppy or Sideways Markets: Flags perform best in trending markets. If the market is choppy or moving sideways, flag patterns are less likely to lead to a strong breakout.
Weak Flags: If the flag's consolidation is too broad or the market loses momentum during the consolidation, the breakout may be weak or fail altogether.
Conclusion
Bull and bear flag patterns are essential tools in any trader's toolkit, offering high-probability setups in trending markets.
By understanding how to spot them, applying different trading strategies, and incorporating multi-timeframe analysis, traders can enhance their chances of success.
Final Tip: Always combine flag patterns with good risk management techniques, such as proper stop-loss placement and positive risk:reward.
EURUSD LONG IDEAEU, expecting to fill inefficiency while going back to that ChOch, the tp is going to be around the OB in the lower TFs, SL will be subjective to your account balance but preferrably the last low, lets stalk the market ....NB , this is not financial advice , simply an analysis, am not responsible to how you choose to use this knowledge
EURUSD 1HIn continuation of my previous analysis, which you can view here , and was highly accurate, the market moved exactly as predicted.
The EUR/USD trend remains bearish, but we are approaching a reversal zone.
Based on precise analysis, with a move similar to the green lines drawn on the chart, I expect the price to reach 1.037. I'm pleased to announce that I can also analyze the timing of price movements, and I predict that during the London open on Tuesday, December 17th, we will reach the target zone.
It’s clear that a reversal won’t happen immediately upon reaching 1.037, as the price will go through its rotation process. We will closely monitor this development and enjoy the precision of the market analysis.
As we approach the end of the year, the market activity may slow down. Be cautious with your capital and avoid unnecessary risks.
If the price breaks and consolidates above 1.054, the analysis will be invalidated.
At the start of the market, I’ll look for signs of weakness in the bullish momentum to enter sell trades. I will remain a seller with proper entries and exits until the announced target is reached.
Stay tuned for updates!
EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside.
Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts.
Confluences for EUR/USD Sells:
- Liquidity Below: Significant downside liquidity remains untapped.
- Bearish Momentum: The pair has been bearish for the past two weeks.
- Break of Structure: Key levels have broken to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) supports this bearish setup.
- Key Supply Zone: The 4-hour supply zone caused the initial bearish move.
Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts.
Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
EUR_USD MOVE UP AHEAD|LONG|
✅EUR_USD made a retest
Of the horizontal support
Of 1.0453 then made a
Rebound and broke out of
The falling wedge pattern
So we are locally bullish
Biased and we will be
Expecting a further
Bullish move up
LONG🚀
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