Euro / U.S. Dollar forum
EURUSD 💠EURUSD 26 Nov24 Daily Analysis based on Main Key Levels🔷DCMP (Daily Current Market Price): 1.04802
🔷Key Levels Summary (with Swing High & Low)
Swing High: 1.06098
Swing Low: 1.04963
🔷Below DCMP (Support):
Intraday Buy Trade: 1.04534 (Pivot)
BUY/Support1 (Round Up): 1.03473
BUY/Support2: 1.02817
BUY/Support3: 1.01755
🔷Above DCMP (Resistance):
🔷Intraday Sell Trade: 1.05596 (SELL/Resistance1)
SELL/Resistance2: 1.06252
SELL/Resistance3 (Round Down): 1.07313
🔷Trade Suggestions
🔷Intraday Buy Trade
Entry: 1.04534
Stop Loss: 1.04480
Take Profit 1: 1.04668
Take Profit 2: (1.04802)
🔷Intraday Sell Trade
Entry: 1.05596
Stop Loss:1.05630
Take Profit 1: 1.05200
Take Profit 2: At DCMP (1.04802)
EURUSD EURUSD Intraday Analysis based on Key Levels
Daily Current Market Price (DCMP): 1.04804
Summary of Key Levels and Analysis:
Resistance:
Major Resistance: 1.0550
Immediate Resistance: 1.0535
Support:
Immediate Support: 1.0480
Major Support: 1.0450 :
Fibonacci Retracement :
61.8%: 1.0495
50%: 1.0510
38.2%: 1.0525
Intraday Trade Setups for EURUSD:
Buy Intraday Trade Setup
Trade Idea: Support Bounce with Fibonacci Alignment
Trade Entry: 1.04797
Stop Loss: 1.0455 (Just below Major Support for risk management)
Take Profit 1: 1.0503 (Alignment with 61.8% Fibonacci Retracement Level)
Take Profit 2: 1.0528 (Approaching Immediate Resistance for maximum gain)
Reason for Entry: Buying at a strong support level with the expectation of a bounce, further validated by the proximity to the 61.8% Fibonacci retracement level.
Sell Intraday Trade Setup
Trade Idea: Resistance Sell with Fibonacci Confluence
Trade Entry: 1.05189
Stop Loss: 1.0538 (Just above Immediate Resistance to limit risk)
Take Profit 1: 1.0500 (Quick profit at the 50% Fibonacci Retracement Level)
Take Profit 2: 1.0482 (Reaching Immediate Support for a more substantial gain)
Reason for Entry: Selling at a resistance level where the price may reverse, strengthened by the confluence with the 50% Fibonacci retracement level.
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EURUSD Trading is a marathon, not a sprint. Losses can be discouraging, but they are part of the path to mastery. Stay committed to your plan, and remember that perseverance through tough times will lead to eventual success.Risk Management: Key to Trading Success
Effective risk management is the cornerstone of successful trading, serving as the primary defense against market uncertainties. The fundamental principle is to never risk more than 1-2% of your trading capital on a single trade.
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EURUSD Losses are not failures; they are stepping stones to improvement. Reflect on your trades, identify patterns, and refine your approach. Embrace the process, and let your experiences shape you into a more disciplined trader.EURUSD Trade Idea:
Sell Setup (Intraday):
Entry: 1.05787
Stop Loss: 1.05837 (+5 pips)
Take Profit 1: 1.05687 (-10 pips)
Take Profit 2: 1.05587 (-20 pips)
Risk:Reward = 1:2, 1:4
Reason for Entry:
Price at key resistance level
Bearish momentum on lower timeframe
Clear risk management levels
Multiple technical confluences at entry point
Note: This is a trade idea based on technical analysis. Always manage your risk and use proper position sizing.
EURUSD EURUSD EURUSD 19Nov24 Daily Analysis based on Main Key Levels
Daily Current Market Price (DCMP): 1.05860
Swing High: 1.09374
Swing Low: 1.04963
Support Levels:
1.04996
1.04449
1.03564
1.05494
1.05312
1.05019
Resistance Levels:
1.06766
1.07313
1.08198
1.06555
1.06262
1.05881
Key Level: 1.05787-1.05881
Trade Recommendations:
Swing Buy Trade:
Entry: 1.04996
Stop Loss: 1.04449
Take Profit 1: 1.05881
Take Profit 2: 1.06766
Swing Sell Trade:
Entry: 1.05881
Stop Loss: 1.06766
Take Profit 1: 1.04996
Take Profit 2: 1.04449
Analysis Summary:
Current price (1.05860) is positioned near the key resistance level at 1.05881, suggesting a critical decision point. The recent swing high at 1.09374 and swing low at 1.04963 indicate a broad trading range, with current price action testing the upper boundary of the immediate consolidation zone.
EURUSD *EURUSD 18Nov24 Analysis Based on Pivots Method*Daily Current Market Price (DCMP): 1.0542
Key Levels Summary:
Swing High: 1.09374
Swing Low: 1.04963
Weekly Pivots Analysis:
R3: 1.08198 (Resistance)
R2: 1.07313 (Resistance)
R1: 1.06766 (Resistance)
PP: 1.05881 (Resistance)
S1: 1.04996 (Support)
S2: 1.04449 (Support)
S3: 1.03564 (Support)
Trade Suggestions (Based on Weekly Pivots):
Swing Buy Trade:
Entry: 1.04996 (Weekly S1)
Stop Loss: 1.04449 (Weekly S2)
Take Profit 1: 1.05881 (Weekly PP)
Take Profit 2: 1.06766 (Weekly R1)
Swing Sell Trade:
Entry: 1.05881 (Weekly PP)
Stop Loss: 1.06766 (Weekly R1)
Take Profit 1: 1.04996 (Weekly S1)
Take Profit 2: 1.04449 (Weekly S2)
Analysis Summary:
Current price (1.0542) is between Weekly PP and Weekly S1
Weekly pivot points showing clear structure
Trade suggestions strictly follow weekly pivot levels
Risk management aligned with pivot structure
Note: These suggestions are based purely on technical analysis using weekly pivots. Always use proper risk management before executing trades.
EURUSD 💠EURUSD 15Nov24 Technical Analysis Summary Key Levels Summary:
Swing High: 1.09374
Swing Low: 1.0450
Weekly Resistance 3 (R3): 1.10343
Weekly Resistance 2 (R2): 1.0937
Weekly Resistance 1 (R1): 1.08769
Weekly Pivot: 1.07795
Weekly Support 1 (S1): 1.06822
Weekly Support 2 (S2): 1.06221
Weekly Support 3 (S3): 1.05247
Swing Buy Setup (Below DCMP)
Buy at Support: 1.05247 (Support 3)
Stop Loss: 1.0450 (Swing Low)
Take Profit 1: 1.0622 (Support 2)
Take Profit 2: 1.0682 (Support 1)
Reason for Entry:
The price is near the lower support zone (1.05247), and this level corresponds to Support 3 on the weekly pivots. This level has held up as support previously and aligns well with the Swing Low at 1.0450. Given that this support level is below the DCMP, it offers a favorable opportunity to buy if the price approaches or bounces from this level. The risk-to-reward is favorable with multiple targets above.
Swing Sell Setup (Above DCMP)
Sell at Resistance: 1.0937 (Resistance 2)
Stop Loss: 1.0950 (Above Resistance 2)
Take Profit 1: 1.0877 (Resistance 1)
Take Profit 2: 1.07795 (Pivot Level)
Reason for Entry:
The price is near the Resistance 2 level (1.0937), which aligns with the Swing High at 1.09374 and is above the DCMP. This level is expected to act as a strong resistance zone, especially as it's below the Resistance 3 (1.10343), and the price has shown previous rejections at this level. A short position is ideal here with a clear stop loss and reasonable targets below.
Technical Analysis Summary:
DCMP: 1.0556
Swing High: 1.09374
Swing Low: 1.0450
Key Support: 1.05247 (Weekly Support 3)
Key Resistance: 1.0937 (Weekly Resistance 2)
Use Weekly Pivots (Blue) for entry points and Daily Pivots (Orange) for reference.
EURUSD Intraday Sell Trade Setup for EUR/USD (Entry Price: 1.05942)Trade Setup: Sell EUR/USD
Trade Idea: Sell EUR/USD near 1.05942 (Resistance Zone)
Reason for Entry: The current price is approaching the 50% Fibonacci retracement level near 1.05942, which aligns with a strong resistance zone. This level has shown previous rejection points, suggesting that sellers may enter at this price point. Additionally, the 50% Fibonacci retracement is often a key reversal area in trending markets. Given these factors, the 1.05942 level presents an ideal entry point for a short position.
Trade Entry: 1.05942
Stop Loss: 1.0620 (above the 50% Fibonacci level, providing room for minor market fluctuations)
Take Profit 1 (TP1): 1.0530 (near the 61.8% Fibonacci retracement, which is a strong support zone)
Take Profit 2 (TP2): 1.0500 (next major support level)
Key Levels Recap:
Resistance Zone: 1.05942 (50% Fibonacci retracement)
Support Levels: 1.0530 (61.8% Fibonacci retracement), 1.0500 (next support level)
Summary of Trade Idea:
Sell Setup: Enter near 1.05942, targeting 1.0530 and 1.0500. Stop loss at 1.0620.
This trade setup is based on the confluence of the 50% Fibonacci retracement and a strong resistance zone identified from price action. Always ensure to monitor price behavior around this level for confirmation of the trend reversal.