Euro / U.S. Dollar forum
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.
EURUSD Intraday call Eurusd and Gbpusd….Book full profit sell call....
Trend change....
Buy Max Eurusd 1.0497 range to New high 1.0568 1.0600today....
Buy Max Gbpusd 1.2630 range to New high 1.2717 1.2750 today....
EURUSD Intraday call Gbpusd….Book full profit sell call....
Trend change....
Buy Max Gbpusd 1.2630 range to New high 1.2717 1.2750 today....
EURUSD I welcome any questions or differing opinions you might have. The market is designed to be fair, and with the right analytical skills, you can achieve profitable outcomes. However, without a solid understanding, losses may occur. While some may see short-term success through luck, sustainable profits rely on thorough market analysis. Please don’t hesitate to reach out if you need clarification—I’m here to support you!Trade Setup : Sell
Trade Entry: 1.0605
Stop Loss: 1.0620
Take Profit 1: 1.0590
Take Profit 2: 1.0580
Reason for Entry: The price is near a significant resistance level, suggesting a potential reversal point in line with daily market trends, where sellers may take control.
EURUSD I invite you to share any questions or concerns you may have. The market operates on principles of fairness, and with effective analysis, profitability is achievable. Yet, without understanding, losses can occur. Short-term luck may favor some, but reliable profits depend on accurate market insights. Don’t hesitate to reach out if you need assistance!Trade Idea: Sell
Entry Price: 1.0695
Stop Loss: 1.0715
Take Profit 1: 1.0670
Take Profit 2: 1.0650
Short Reason for Entry: The market is encountering resistance near this level, supported by bearish signals on the daily chart, indicating potential downward movement.
EURUSD Identifying swing levels in trading is crucial for pinpointing potential reversal points in the market. Swing levels are generally marked by the peaks and troughs on a price chart, indicating areas where the price has shifted direction. Traders can locate these levels by examining historical price movements and identifying significant highs and lows that reflect changes in market sentiment. By marking these levels on a chart, traders can gain valuable insights into where future price movements may occur, leading to more informed trading decisions.One effective technique for detecting swing levels is to utilize technical analysis tools like trendlines and moving averages. Trendlines help illustrate the overall market direction, while moving averages smooth out price data to highlight trends over specific timeframes. When used together, these tools can uncover key swing levels, as they often coincide with support and resistance areas. Additionally, traders should monitor volume spikes at these levels, as increased trading activity can indicate stronger conviction behind a price movement.
Another method for identifying swing levels is through Fibonacci retracement levels. This technique involves drawing horizontal lines at key Fibonacci percentages (such as 23.6%, 38.2%, 50%, 61.8%, and 100%) between significant highs and lows. These levels frequently align with swing points and can serve as potential reversal zones. By combining various methods, such as trend analysis and Fibonacci retracements, traders can enhance their ability to detect swing levels, ultimately improving their timing and execution in the market.
EURUSD EURUSD EURUSD If you have any concerns or alternative viewpoints, I encourage you to share them. The market operates on fairness, and those who can analyze it effectively can find success. Conversely, a lack of familiarity can lead to losses. While luck may yield temporary gains for some, lasting profitability stems from accurate analysis. I’m here to assist you, so feel free to ask any questions!Trade Sell: Setup
Entry Price: 1.08330
Stop Loss: 1.08500
Take Profit 1: 1.08000
Take Profit 2: 1.07800
Reason for Entry: The entry price aligns with key resistance levels identified through daily Fibonacci retracement analysis. Current market conditions indicate a potential reversal, suggesting that this is a favorable point to enter a short position.
EURUSD If anyone has doubts (or) disagrees with my viewpoint, please let me know. The market functions fairly, and if you have the ability to analyze it well, you can make a profit. However, if you're not familiar with the market, you're more likely to face losses. While some people may enjoy short-term success due to luck, that luck is not always reliable. To achieve consistent profits, precise market analysis is crucial. If you have any questions or need clarification, don’t hesitate to ask—I’m here to assist!Trade Setup : Sell
Trade Entry: 1.0760
Stop Loss: 1.0775
Take Profit 1: 1.0750
Take Profit 2: 1.0740
Reason for Entry: The price is nearing a strong resistance level at 1.0770, which aligns with the 50% Fibonacci retracement level. A bearish reversal signal indicates a high probability of a price decline from this level.