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Eurusdshort

#EUR/#USD Trading Plan 25-26 Jan 2022In this chart of EUR/USD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If EUR/USD's price crosses the top-most price level, we will be looking for long opportunities and if EUR/USD's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 03:25 AM IST which is around when the day is about to end in the forex markets. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset. P.S. today I am biased towards the downside!
Short
by abhineetramjiwal
EURUSD ANALYSIS ON D1 CHART.Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.13. The series of eurozone flash PMI data releases yesterday indicated that business activities continue to expand. Also, the services sector in Germany has rebounded from contraction into expansion. French Flash Manufacturing PMI (Actual: 53.1, Forecast: TBA, Previous: 55.6 revised from 54.9) French Flash Service PMI (Actual: 55.5, Forecast: TBA, Previous: 57.0 revised from 57.1) German Flash Manufacturing PMI (Actual: 60.5, Forecast: TBA, Previous: 57.4 revised from 57.9) German Flash Services PMI (Actual: 52.2, Forecast: TBA, Previous: 48.7 revised from 48.4) Flash Manufacturing PMI (Actual: 59.0, Forecast: TBA, Previous: 58.0) Flash Services PMI (Actual: 51.2, Previous: 53.1 revised from 53.3) Currently, EUR/USD is trading down towards the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD.
Short
by charliedavies770
EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. The wave count that we had in the weekly time of this symbol showed that wave c has ended from wave 4 and this decline is related to wave 5. Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend. Anyway, we'm likely to be in the lead. And from this process, the main waves 1 and 2 are over and the microwave, wave 3 is being formed. From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3. The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or we can say that this wave is actually the beginning of another phase. In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel ceiling is broken, this wave count will be fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5. Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend. Anyway, we assume that we are in a leading trend, and from this trend, the main waves 1 and 2 are over, and the microwave, wave 3, is being formed. From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3. The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or it can be said that in fact this wave 4 is the beginning of another phase. In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel is broken from the top, this wave count will be fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
EURUSD Analysis over H4 Chart.Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800 and broke below the key level of 1.13. The eurozone final manufacturing PMI data (Actual: 58.0, Forecast: 58.0, Previous: 58.0) released yesterday indicated no change in the final release of the manufacturing PMI for December. Currently, EUR/USD is testing to break above the key level of 1.13. Its next support zone is at 1.12000 and resistance zone of 1.13800. Look for short-term selling opportunities of EUR/USD.
Short
by charliedavies770
EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5. Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend. Anyway, we assume that we are in a process of progress, and from this process, the main waves 1 and 2 have ended, and the microwave, wave 3, is being formed. From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3. The trend of this wave is in wave 4 and wave 4 was probably in the shape of a triangle. After the completion of the descending triangle for wave 5 of 3, wave of wave 3 will occur, the target of this decline is around 1.10000. We do not have a specific field point, but the failure of the upper side of the triangle in the analysis or the failure of the upper side of the green channel in this analysis is fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
EURUSD potential DUMP incoming!!broke out M pattern of 1 hour cycle exactly as projection we have reset the 1 hour cycle and we are in mark down phase now, biggest confluence - we didnt break previous high in previous mark up phase of 15 min cycle level 3 ended inside that consolidation (distribution) and went straight to mark down phase (15 min) which broke this 1 hour M pattern cycle again exactly as projected we didnt get level 3 because of mark down phase in daily cycle
Short
by Aditya_Mishra1
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