analysis EURUSDsell range: 1.18181
Targets: 1.18061- 1.17941- 1.17821
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.18301)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.18181(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
Eurshort
Eurusd multiple analysis says we are going south Welcome!
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Follow the trade plans and notes. Make up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
Traders Disclaimer: None of our analysis or trade setups which is shared here on the trading view is trading advice.
Trade Setup
First scenario
i) After this long uptrend now the market is clearly in the distribution process.
ii) The red lines indicate the distribution process on the chart. Notice that the last two tops are decreasing (yellow line). This confirms that the market might be distribution at this point.
iii) To complete the Wyckoff spring it can break the yellow line at point W ( 1.1965) or above previous resistance 1.20 point X.
Second scenario
iv) we have head and shoulder pattern at daily TF and break below the neckline and the restest of the neckline can give us a better short position.
Most importantly we have NEW COT reports which clearly shows big banks and institutions have closed their 32k long position from the last three weeks. 11k is last week, so next week we can see
downtrend, towards monthly 38% fib 1.13 ..
please comment if you have a better idea. Hit the thumbs up 👍 and support the work.
Potential Short Position on EUR/GBPPrice is overall moving in an ascending channel, however, price has broken downwards of the 200EMA with strong bearish momentum. It appears that the price will continue to weaken as the EURO is also weakening to the Dollar currently (see attached chart). As this trade is against the general trend, looking for extra confirmation alongside the bearish momentum such as a retest of the area of resistance should be seeked before entering this short.
One more Attempt towards 1.2000$ before Big correction downside.As long as trading is conducted above the range of 1.1854, you can expect the EUR/USD to continue growing to the resistance area of 1.1905, where I recommend taking the profits. However, A consolidation above 1.1905 will open a direct road to the highs of 1.1949 and 1.2010 ( One more Time possible to hit 1.2000$ before big correction downside coming monthly) If the pair again falls or fail to break 1.1890 then returning possible towards support levels larger support of 1.1810$ and 1755$.
Events: FED meeting Wednesday evening, expecting some more clear fed about Policy, I am expecting short term Bullish dollar.
Indicators:
Moving averages Trading is above the 30 and 50 daily moving averages, which indicates an attempt by the bulls to resume the upward correction of the euro.
MACD indicator (Moving Average Convergence / Divergence - moving average convergence/divergence) Fast EMA period 12. Slow EMA period 26. SMA period 9
🛑SUPPORT/RESISTANCE
✅S1= 1.1810
✅S2=1.1725
✴️R1=1.1890
✴️R2=1.1945
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Updates: Sell signal of Euro Hello guys, in this technical analysis, it's my second updates, so, the previously technical analysis I see that was discard, because the par is not in the demand, we are in the bearish, because in Daily timeframe I mentioned previously that we could see a possible short position, so this is a great short position and my target profit is 150 pips approximately in the 0.382% of Fibonacci. Look below
This is a bearish divergence in the price action and RSI, both make a bearish movement strongest. So, about the fundamentals, I mentioned that in Euro/Sterling Pound that Euro is struggling to fight agains the rivals as Australian Dollar, Canadian Dollar, New Zeland Dollar, Jen Japanese, US Dollar, and other par tat you know. So, I put in short postion until the $1.1596 USD, that is my traget profit.
Then, it's the H1 timeframe and we see that situation of what they show us.
EURUSD - Correction is comingNothing really changed from last week. Euro tried to close above 1M Trendline and got rejected for the 2nd time:
This fact signals that Uptrend is getting weaker and weaker, so we should pay great attention to local Support/Resistance Zones:
It is recommended to open SHORT/LONG positions ONLY from the local zones.
Also, make sure that you've checked my recent DXY idea, as it is closely related to this chart.
Good Luck!
EURUSD LONG 15MIN Uptrend with Support Lines 04.08.Hello to all
I am back here again to show you my view of the Markets
Here the EURUSD
Try to help all a little bit to see the moves more clearly
IN EURUSD 15MIN We are in an Uptrend since yesterday 16.00
and now we have 2 supports here .
I have marked them :
First wit the Blue Line and the second with the red line
at 1.1765 and at 1.17520
for further UP Movement.
I will try to come back every day in the mornin for a daily view
of the Market.
Good trades.
If you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
EUR/JPY technical & fundamental analysisHi guys I hope you’re all very well.
Here’s an idea based on both technical & fundamental analysis, please enjoy.
TECHNICAL: It’s been a solid few months in the green for the Euro & a lot of traders are still quite bullish but I’m a little bit more cautious and here are my reasons.
The main reason that I’m bearish right now is the fundamentals which will be described below.
From a technical standpoint, I’m able to find some bearish indicators.
-The main indicator for me is the previous monthly candle for June showed some huge resistance.
-Another bearish indicator is the resistance being shown at one of my Fibonacci retracement levels.
-The daily stochastic is in my overbought range
FUNDAMENTAL: JPY is a go to currency in times of insecurity & market anxiety. The current situation surrounding a second Covid19 wave in both Europe and throughout the world may again create anxiety in the market.
Japan has dealt with the crisis thus far as good as any other country. This coupled with JPY being a go to currency may increase the demand of this currency.
TARGET LEVEL: 119.5
As usual, I will update immediately if my view or opinion changes in any way.
Thanks so much for reading. I hope this idea can help anyone looking for an alternative opinion. Good luck to you all 🍀
EURJPY | Hunting for LiquidityEURJPY looks like it could be in an excellent position to make one more big move to the downside before reversing on the larger time frame. 🤔
Sit and wait for this market to move higher first before entering for another downside move. Where there are trapped buyers at the top will be a perfect place to sell.
Watch for strength on the way back down breaking through your chosen Moving Average. 😏
It is not a time to buy when there are so many great opportunities for sellers. Keep an eye on the price bouncing off 117.337.