EURUSD_SPT trade ideas
EURUSD 08/30EUR/USD reverses from the weekly top while posting the first daily loss in three around 1.0860. The Euro pair marks the trader’s positioning for the top-tier German and the US data.
EURUSD 15MThe moving average works just as well in lower and higher time frames. As a result, day traders will find benefit in placing 50-bar EMAs on 15 and 60 minute charts because they define natural end points for intraday oscillations
EURUSD recovery remains unconvincing below 1.1040EURUSD extends recovery from the 200-DMA, as well as an upside break of a fortnight-old descending resistance line, as markets await the Eurozone inflation data and the Fed’s favorite inflation gauge, namely the US Core PCE Price Index. That said, the looming bull cross on the MACD and upbeat RSI (14), not overbought, also keep the Euro buyers hopeful. However, a clear run-up beyond the previous support line stretched from October 2022, now resistance around 1.1040, becomes necessary to confirm the bullish trend. Following that, the yearly high of 1.1275, marked earlier in the month, will be in the spotlight.
On the contrary, the two-week-long resistance-turned-support of around 1.0880 restricts the immediate downside of the EURUSD pair ahead of the 200-DMA level of 1.0810. In a case where the Euro pair drops below 1.0810, and also breaks the 1.0800 round figure, sellers can aim for May’s bottom of 1.0635 before targeting the yearly low marked in January surrounding 1.0480. It’s worth noting that the downside moves need strongly disappointing Eurozone HICP and CPI numbers, as well as an extremely positive US Core PCE Price Index, to reverse the latest uptrend.
Overall, EURUSD remains in the recovery mode as the key Eurozone and the US data loom.
eurusd both direction trade probability short trade probable at supply zone grey area and long trade probable at demand green area .
EUR USD BUY OPPORTUNITYAs per SMC 15 min bullish choch we are looking buy with LTF one miniute confirmation
Update on the idea I published for shorts/puts/sells on EURUSDMarket took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
EURUSD MULTI TIME FRAME ANALYSISHello 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 strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
EURUSD Long Wave Analysis:
The EURUSD pair is showing signs of a favorable long opportunity based on wave analysis. An ABC correction pattern appears to be forming, with the market completing the A and B waves. The C wave, which typically follows, presents a potential long setup.
Wave Pattern: A completed A-wave followed by a corrective B-wave suggests an imminent C-wave rally.
RRR: This setup offers an appealing risk-reward ratio, as the C-wave often covers a substantial distance compared to the B-wave.
Support Confluence: The C-wave's projected starting point aligns with key support levels, enhancing the trade's probability.
Fibonacci Retracements: The C-wave's target aligns with common Fibonacci retracement levels, adding to the technical confluence.
Momentum Indicator: Positive divergence on a momentum indicator supports the idea of a potential upward move.
Dollar Weakness: Considering potential dollar weakness, the EURUSD upward movement could be amplified.
News Impact: Upcoming positive economic releases may further support the long thesis.
Time Horizon: The projected C-wave duration aligns with a medium-term trading horizon.
Risk Management: Place stop-loss below the recent B-wave low to mitigate downside risk.
Monitoring: Continuously monitor price action and adapt to any changing market dynamics.
Remember that trading involves risks, and analysis is based on historical patterns. Stay updated with market developments and adjust the trade plan accordingly.
EURUSDLONG 📍 Entry: 🎯 Target: ⛔ Sl(MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.
.
Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!.
..
.
#forex #forextrade #forextrader #forextraders #forextrading #forexsignals #forexsignals #trader #forexlifestyle #forexlife #forexmarket #forexprofit #forexmoney #price_action
#forexgroup #forexanalysis #forextraining
EURUSD drops within bearish channel with eyes on Jackson HoleEURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium. That said, the Euro pair remains pressured within a one-month-old descending trend channel amid downbeat RSI and MACD conditions, which in turn suggest less downside room and highlights the stated channel’s bottom line of around 1.0785 as the key support. In a case where the sellers dominate past 1.0790, the 78.6% Fibonacci retracement of May-July upside, near 1.0770, will act as the final defense of the buyers, a break of which will direct the prices toward May’s bottom of 1.0635.
On the contrary, a fortnight-long falling resistance line, close to 1.0880 at the latest, guards immediate EURUSD recovery within the bearish channel formation. Following that, the mentioned channel’s top line of near 1.0980 and the 200-SMA surrounding 1.1015-20 could test the Euro buyers before giving them a charge. In that case, the monthly high of 1.1065 and the late July peak of 1.1150 may check the upside moves ahead of directing the quote to the yearly top of 1.1275.
Overall, EURUSD bears appear running out of steam but the buyers need strong reasons to retake control, which in turn highlights the central bankers’ speeches at the key event for the pair traders to watch.
EURUSD MULTI TIME FRAME ANALYSISHello 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 strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
EURUSD → Slips as euro zone PMIs give ECB pauseThe Initial reaction to the data saw EURUSD spike 50 pips lower before hovering around the 1.0820 handle at the time of writing. Key area at present with the 200-day MA resting just below the 1.0800 handle and could cap further losses.
EURUSD did face selling pressure as a stronger US Dollar and rising US yields saw the pair fall to support around the 1.0840 handle and print a fresh 7-week low. There is potential for further downside with a break below the 1.0840 support handle opening up a run toward the 200-day MA resting just a smidge below the 1.0800 handle. For now, though much like the majority of major pairs the range between the 100 and 200-day MAs could continue to hold firm keeping EURUSD confined to the 220 odd pip range.
Key Levels to Keep an Eye On:
Support levels:
1.0840
1.0797 (200-day MA)
1.0747
Resistance levels:
1.0900
1.0930 (100-day MA)
1.1000 (psychological level)
EURUSD → At the beginning of a broader Bearish reversal ?On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range.
If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a short-term downward technical trend. Otherwise, a higher breakout will reveal the Fibonacci retracement level of 23.6% at 1.1124. On the other hand, a breakout and immediate support confirmation will expose the 78.6% level at 1.0771 as prices fall to 1.0634.
Idea for shorts/puts/sells on EURUSDMarket took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
eurusd analysis eurusd is in downtrend we can look for shorting oppertunity if it reaches back at supply zone
Weekly up, Monthly DownThis is my opinion. It will make a bottom at the date 21 Aug or 22 Aug, most probably 22 Aug then start to move upwards nearly 40 to 48 days.
EURUSD MULTI TIME FRAME ANALYSISHello 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 strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
EUR/USD Wave Analysis:LONG
📈🌍 Uncover the intricacies of EUR/USD price action through an insightful wave analysis. We dissect the evolving wave patterns to reveal the potential opportunities that lie ahead. Join us as we delve into the afterwaves of 12345 and prepare for the upcoming correction wave, setting the stage for a profitable journey through Wave ABC!
🔍 Key Points:
Deconstructing Wave Sequence: Embark on a journey through the recent EUR/USD price movements, meticulously breaking down the quintessential five-wave pattern (12345). Gain a comprehensive understanding of each wave's characteristics and its contribution to the overall market trend.
Approaching the Correction Wave: Unveil the significance of corrective waves within the realm of forex trading. We examine the various scenarios and projections for the impending Wave ABC, shedding light on potential price levels, patterns, and timing.
Profitable Potential: Learn to harness the power of correction waves for profitable trading. We lay out strategies that empower traders to identify optimal entry and exit points, enabling them to capitalize on the market's risk-reward dynamics.
Capturing Wave BC: Dive into the heart of Wave BC, the second phase of the corrective pattern. Understand the external factors influencing its formation and acquire the insights needed to align your trading strategy for potential gains.
Risk Management Mastery: Master the art of risk management during correction waves. Explore effective techniques to safeguard your trading capital while maximizing profit potential, ensuring a balanced approach to your trading endeavors.
Leveraging Technical Indicators: Discover an arsenal of technical indicators and tools that bolster your EUR/USD analysis. Utilize these tools to validate your insights and fine-tune trading decisions during this pivotal phase.
Real-life Case Studies: Immerse yourself in historical instances of correction waves within the EUR/USD pair. Draw parallels between past patterns and outcomes to enhance your decision-making prowess.
📊💰 As EUR/USD takes center stage, equip yourself with the knowledge and strategies required to navigate these exciting waves of opportunity. Embark on a journey of profit potential during the correction wave – Wave ABC has the potential to unlock lucrative trades. Stay informed, trade with confidence, and make well-informed decisions with our comprehensive analysis!
(Note: Trading carries inherent risks, and historical performance does not guarantee future results. This analysis is for educational purposes and should not replace professional financial advice. Always conduct thorough research and consider seeking guidance from financial experts before executing trading decisions.)
EU LongBased on ICT Concepts price is expected to tapped HTF IRl , Next DOL will be HTF-OB, Before price goes up im expecting a manipulation leg towards downside , tap Weekly FVG and price Shoots from there
