- The Euro still looks bullish when compared to the USD
- The USD has shown some huge downside, now we can expect some relief and bounce back
- The Euro still shows signs of bearishness IMO.
- The Euro can rip your longs if you are looking for one, prefer setting up long-only bias once the base is set and the trend in intact.
-The price inside the channel is not improving, and again, retrace the downside.
- The price was rejected from the same supply zone and is now headed to the downside. The next demand zone is 1.06200-1.05900
-Every bounce is a selling opportunity.
currently price is not in good place to make long trades
we have one medium time frame resistance and two bearish order block coming in way
let the price pullback to the level of 1.0575 & 1.05180 for long initating and
can have the target of 1.07800
with good risk to rewards
Chairman of the US Federal Reserve (Fed) Jerome Powell said that inflation has cooled down, but the agency is still determined to bring back the 2% target.
In a speech on October 19 in New York, Jerome Powell admitted that tightening policies had brought inflation back under control, but emphasized that the Fed still needed to be cautious in pursuing its...
-For a very long time the EURUSD has been on the downside so always seek selling opportunities
-Last week the price was heavily down but a slight bounce came.
-The pattern suggests another small upside pending
-Supply Zone is 1.07260-1.07660
-Deemand Zone is 1.04380-1.05150
we were expecting to go long on order block of 1.0700 but price didnt retest the zone at first and whoever bought with direct limit order their stop loss was taken out but we had calculated risk of 20 pips
but if the conservative trade who waited for choc entry the entry did not triggred
.......................... thats the wrap from previous analysis...
TP1 = 1:2 RR
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Price making lower high lower lows
and currently making a buildup for liquidity trap for buyer
whereas on the higher time frame
the marked demand zone has not mitigated yet
price is likely to meet that point at 1.0700 and 1.0650 for going longs
both DXY and EUR/USD are on curucial levels
we had planned conditional buy on eur usd in the evening but price didnt sweeped the bullisj liquidity as we assumed
although grabed the seller stop losses and mitigated the bearish order block therefore now for upside there is space to move higher upto 1.07700 sufficent for good trade and risk to reward
the 29 august move on 1h was not a bullish trend it was just liquidty grab move made insitutional players
FOR SHORT BEARISH SETUP
after that we have seen sharp fall towards the new order block
i think price below (ob) will be sweeping some liquidity and pretend to bounce back but it just as pullback there has been fair value area around 1.08424 - 1,08154 where...
As you can see that, EURUSD has created a strong support in 1Hr Time frame. if it gives breakout then we can plan for sell side and always take retest entry. This set-up is for monday (04-09-23),Plan your trade accordingly.....
price made a choc on higher time frame so we are likely expecting the price to pullback at the area swing low where the buyer stepped in and will target the high of pullback
considering the price from current level the trade indicates fair value of 1:2 on risk to reward
note that this demand zone can be temporary as our...
Strategic analysis OANDA:EURUSD
Today's rich agenda is completed by the Minutes from last Fed's meeting, Housing starts and industrial production in the United States.
Once again yesterday's reaction of the European currency up to the levels of 1,0950 confirmed my thought that despite the pressures that the Euro receives , every time it hits some local lows ...
EURUSD RISK 1:3
ALWAYS FLEXIBLE , JUST LIKE MARKET
Trade Idea: SELL
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading...