Bullish Setup on EUR/USD 4H Time Frame - Potential Buy Opportunity
Description:
In this trading idea published on TradingView, we present a compelling bullish setup on the EUR/USD currency pair, focusing on the 30-Min time frame. Traders and investors seeking potential buying opportunities in the forex market may find this analysis informative and valuable.
Bullish Setup on EUR/USD 4H Time Frame - Potential Buy Opportunity
Description:
In this trading idea published on TradingView, we present a compelling bullish setup on the EUR/USD currency pair, focusing on the 4-hour (4H) time frame. Traders and investors seeking potential buying opportunities in the forex market may find this analysis informative and valuable.
a deterministic buy target for EU has been set for few days so until further notice all important data gonna act as catalyst ( unless a black swan happen which is 1-5% possibility and not worth considering at all )
the exact buy continuation may be a little off reach but better be ready for worst condition to buy with peace
also this can be a time and price...
Macro Insight
Eurozone annual inflation fell to 5.5% in June from 6.1% previously showing signs of softening inflation in the region.
Technical Considerations
Consistent Order Flow that can be seen through two demand zones that broke structure
Momentum flipped from Supply to Demand.
RR at 1:9.5
Intraday Speculative Trade
Macro Outlook: 29th June 2023
1) Fed expected to remain more hawkish ( Bostic, A Dove, feels this is only the beginning of tightening
2) US GDP Final (Q1) 2.0% vs 1.4% (Expected) & GDP Sales Q1(4.2%) vs 3.5% (Expected) 3.4% (Previous)
Technical Confluences
1. Multiple Order Flow from Supply to Supply
2. Inflation Fears from Yesterday's...
EURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance while bracing for the second weekly loss, targeting the 50-EMA support of around 1.0850 of late amid a looming bear cross on the MACD. That said, the RSI (14) line’s retreat from the overbought RSI also suggests the Euro pair’s further weakness and hence the pair’s fall past...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
For me i am looking for short because of higher time frame analysis. Here is my short setup for this week, if you have no idea for this week just follow it's upto you. Wait for price to reach the upside zone in NEW YORK session then look for double top in that zone area(basically first candle rejected + next candle close below the zone+ again some retest rejection...
I am seeing that eurusd broke its support zone and now its retesting ranging so we may see the continuation on downfall again . Whoever wants to enter can enter with stop loss
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
