EURUSD May 27, 2024 Has the complicated adjustment process endedWe watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy.
Looking at the H1 chart, we see that this adjustment process is a complex adjustment process with an abcde pattern.
- The price has completed wave d and is followed by a decrease to complete wave e
- Looking at the H4 momentum indicator, we see that the momentum is in the overbought area
- Continuing with the 3 green zones on the H4 chart, we see that we currently have 3 price zones lacking liquidity so the price will return to these zones to fill liquidity.
- From the above data, we have the formation of a bearish wave e to end this correction
- We measure 2 target price ranges to end wave e
+ The first zone is the price zone 1.0783
+ The second price range is the price range 1.0787
trading plan
We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Eurusdsetup
EURUSD on May 20, 2024 has the price drop started?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
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Based on the Elliot wave principle, we analyze the H1 chart
- We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc.
- Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c.
- This is a very good price range to be able to execute a sell order at this price range
- Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787
Trading plan
We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
EURUSD week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
We use the Elliot principle to analyze the EURUSD chart
Looking at D1, we see that the correction process is entering the wave c phase in the abc correction rhythm. We have an important price level of 1.0444 to confirm the existence of wave c, which is when the price breaks out of this price range. Then we will measure the end target of wave c at two price zones: zone 1.02 and zone 1.
Next week's plan is to focus on observing the price range of 1.0444 to plan our trading.
This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
EURUSD FORECAST 22ST MARCH 2023 As per the chart pattern we can easily see that EURUSD is forming a Bearish Pattern On 1 Hour Time Frame.
If we take a Short Position now we can easily Achieve a target till 1.06653.
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EURUSD | Good Buy Opportunity!If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURUSDDear traders,
as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said last weeks...the movement was much more aggressive and much stronger than we anticipated this week and it approached my finalk target very quickly for the next period!
Even if it rejects from this area and goes up 100-150 pips, I think the final target is still the area 1.17-1.16200
THIS WEEK...EU hit the first target I told you about a few weeks ago and rejected 120-150 pips as I told you last week!
In the next period I think it will reach the psychological threshold of 1.2 from where I expect to continue the descent to target number 2
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GREAT ATTENTION:
*This information is not a Financial Advice.
LOOKING TO BUY EUR/USD FROM 1.18500 REGION Looking at EUR/USD we can see that the long term structure is bullish we have been making higher highs but have stopped on weekly timeframe we. are looking very bullish but on other timeframes we can see that we are bearish I still think this a deeper pullback so maybe we could see some sort of pullback into the 1.18500 region before going up
If we do break below 1.18500 I would think price could start making lower lows on the smaller timeframe but my overall bias is bullish as that is the longer term trend
BUY ZONE
ENTRY : 1.18520
STOP LOSS: 1.18400
TAKE PROFIT : 1.19300
Reasons for buying at this price
1.No lower lows on intraday
2. intraday S1
3.78.6%
4. candle imbalance
5. 1.18500 gap
If price does break below this trade will be invalid wait for price action and enter