EUHave a closer look and save this picture and see how precise the market is Or do you think it happens by coincidence?
USDEUX trade ideas
BUY EURUSDI'm seeing a potential rally towards 1.0537 and possibly 1.0566. These two resistance serve as our target points and potential take profit. Price seems to have created an inverse head and shoulder pattern which can be easiest seen on 100 minutes timeframe. On the right shoulder, a potential double bottom is forming which signals we may see bullish movement soon
done for today Done for today another profitable day and all recorded and a lot of knowledge has been shared too so will be back tomorrow have a good one traders 💓
EURUSD H1 17/12/2024 - SELL below 1.0505 1.0480EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook
Technical Analysis Summary
D1 (Daily Chart)
Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540.
Indicators:
RSI: At 40.64, indicating bearish momentum and approaching oversold conditions.
Stochastic: Bearish crossover below 40, showing potential for further downside.
MACD: Negative histogram and signal line, confirming a bearish outlook.
Key Levels:
Resistance: 1.0530 (20-EMA), 1.0560 (near-term swing high).
Support: 1.0480, 1.0460, and a broader target of 1.0435.
H4 (4-Hour Chart)
Trend: Consolidation in a bearish channel, with price unable to break above the 50-SMA.
Indicators:
RSI: At 42.81, reflecting bearish momentum.
Stochastic: Bearish crossover heading down towards oversold levels.
MACD: Bearish histogram, confirming bearish continuation.
Key Levels:
Resistance: 1.0515, 1.0535 (50-SMA).
Support: 1.0485, 1.0460.
H1 (Hourly Chart)
Trend: Bearish, with price below the Ichimoku cloud, 50-SMA, and 200-SMA. Bearish momentum is strong after a recent failed attempt to recover.
Indicators:
RSI: At 38.13, signaling bearish momentum below 40.
Stochastic: Near 10, indicating oversold conditions and suggesting a potential short-term pullback.
MACD: Bearish histogram with a downward signal line.
ATR: At 10 pips, reflecting moderate volatility.
Key Levels:
Resistance: 1.0505 (minor), 1.0530 (20-EMA).
Support: 1.0485, 1.0460, 1.0435.
M30 (30-Minute Chart)
Trend: Downtrend with price consolidating near support at 1.0485.
Indicators:
RSI: At 34.85, approaching oversold conditions.
Stochastic: At 12, suggesting a minor pullback may occur before further declines.
MACD: Negative momentum remains intact.
Correlated Financial Instruments
US Dollar Index (DXY):
DXY remains firm above 106, supporting a bearish EUR/USD outlook. USD strength continues as inflation data backs expectations of steady Fed policy.
Gold (XAU/USD):
Gold remains under pressure, further confirming USD strength.
Trade Plan for EUR/USD H1
Trade Setup 1: Bearish Continuation on Retracement
Rationale: Given the clear bearish momentum and inability to break key resistance levels, a retracement toward resistance offers a short-selling opportunity.
Trade Details:
Entry Price: 1.0505–1.0510 (near minor resistance).
Stop-Loss: 1.0535 (above the 20-EMA on H1).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Breakout Short Below 1.0485
Rationale: A clean break below 1.0485 support will confirm a bearish continuation towards the next key levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above breakout resistance).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Intraday Scalping Short (M30–H1 Levels)
Rationale: If a short-term pullback occurs, use M30 chart resistance as an entry.
Trade Details:
Entry Price: 1.0500 (psychological level).
Stop-Loss: 1.0515.
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0475.
Risk/Reward Ratio: ~1:1.5.
Stalking for sell side expansion on EURUSDThe current market condition is bearish, So stalking for sell side expansion is essential for high probability success.
The market has recently traded above an old daily high where majority of retail traders will have interest to participate in the market, whether buying or selling in terms of buy stops protecting there're short positions, So they get to suffer both shorting & longing trades.
After the market has sweep stops on the buy side it tend to gravitate to the sell side liquidity pool.
This is what algorithm does. No indicators needed to read price.
EURUSD - YOU DONE IT AGAINTeam, we have been very lucky and fortunate with EURUSD many trades,
We are entering LONG at 104830-50
ADD more at 1.04625-60 ranges
STOP LOSS at 1.04350 - may extend to 1.04215
Target 1 at 1.04925-65 - book some partial and bring stop loss to BE or 1.4885
Target 2 at 1.05085-1.05115
Target 3 at 1.05226-1.05275
EuroTesting Support On the 1H chart, the price is testing support at 1.046 zone. MACD suggest a potential downward movement. Also, the pair remains below the 100-period moving average (MA100).
🔼If the price rebounds from 1.048, further rise towards 1.04876 is likely.
🔽Alternatively, slide towards 1.047 support and lower is possible
🔷 😎 Choose "👍" if you expect a price will rise and "👎" if you expect a decline.
➡️➡️📲 TRY SABIOTRADE NOW
eurusdtake care . if high risk , now you can enter as scalp and soon risk free .
thanks dr fuzzy logic & ali asadi
EUR/USD: Short-Term Pullback Before Weekly Bullish ContinuationYesterday's idea worked perfectly, hitting the take-profit target at 1.04925, as expected. As I mentioned, a pullback to the upside occurred after reaching that area.
For today's trade, the daily timeframe bias remains bearish, with a target towards 1.04748. This makes it clear that today's position is a sell.
Looking at the market structure, the NYPM session high has been broken, and there's a Market Structure Shift (MSS) around 1.05192. I plan to wait for the price to return to the FVG zone near 1.05248 before entering a sell position. My take-profit target is set at 1.04982.
Let’s wait and see how this plays out!
EURUSD 1H LongEUR/USD 1-hour chart shows a reversal trade setup price action wise as price failed to make new lows. Price initially broke above the red Ichimoku cloud but failed to hold, signaling a bearish rejection at cloud resistance. The Kijun-Sen (red line) acted as dynamic resistance, while the price retraced and showed rejection near this level. This, combined with the bearish candle formation, suggests a potential reversal to the downside, with the cloud and Kijun-Sen providing technical confirmation.
EURUSD retracment into Daily iFVGEuro USD is looking bullish to me And continue it’s trend. Be vigilant with risk management and look for price action when it falls into our trade zone. Good luck everyone and have nice trading.
EURUSD Trading Journal Summary of Dec 16 Price actionEURUSD Trading Journal
Summary of Dec 16 Price action
Price opened in Asia in premium that creates a nest of equal ST equal highs. At 3 in London and by 4 breaks down to take the ST equal lows and swings down past the 50% from the previous days range and takes the noted FVG.
In NY Price swings back and forth between the .79 and 50 levels taking the equal lows and comes into the FVG to rebalance but just wicks through. By 10 rallies back up to .79 level by 1pm. To close NY in a premium.
Price swings at 4 and 10 are both 38pips. NEAT.
This pair experienced 3 red folder drivers so I decided to tape read. I am happy to analyze it seeking the ST equal lows/highs and rebalance the FVG and which macros price is reacting.
Euro and Pound get some help from PMI reads | FX ResearchSolid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall we haven't seen much activity in markets so far on Monday. ECB President Lagarde commented that domestic inflation remains too high, but price momentum in the services sector has dropped steeply recently. Euro gains from the economic data were also offset by Moody's recent downgrade of France's credit ratings.
In the UK, a strong round of PMI readings provided a boost to the pound. The focus now shifts to the North American session, which features US flash PMIs, Empire Manufacturing, and Canadian housing starts.
ICT entry Entry - EURUSD
1, M3 bullish engulfing on FVG
2, ict said if news 11am NY open or 10.15am was the entry
3, Bos top retest on FVG reversal
4, Market structure shift
5, H4 fib above 61.8 fig and m5 61.8 fib - DXY bearish
EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts.
The ECB is expected to cut interest rates further by 100 bps next year.
Investors will keenly focus on the Fed’s dot plot for fresh interest rate projections in the US.
Inverted Head & Shoulders Idea EURUSD (SHORT)Do y'all see what I see? I noticed a potential inverted head & shoulders, I caught the rise earlier. Just sharing my idea....
NEW IDEA FOR EURUSD In the technical analysis of EUR/USD, if the resistance at $1.0525 holds and the price fails to break above this level, a decline towards the support at $1.0414 is likely. The short-term downtrend within the outlined channel also reinforces this scenario.
In this situation, selling pressure could push the price towards the key support, but if the resistance at 1.0525 breaks, the analysis will need to be revised.
Possibility of uptrend It is expected that there will be a fluctuation within the current support range and then the start of an uptrend is likely.
EURUSD Nearest Target: SHORT before LONGOn the 5-minute timeframe, we can see a Market Structure Shift (MSS) around 1.05126, and the imbalance (iFVG) at 1.05171 has already been filled. While the weekly timeframe bias remains bullish, targeting 1.05952, this is a quick short-term move, so it won’t take much time.
That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
EURUSD: Short-termHello Traders,
Regarding the Daily chart, we are bearish. and recently break below consolidation.
Regarding the 2h Chart we are bearish and overbought! because we are in top half a bearish channel
Regarding the 5m chart, Formation of a double top or head and shoulder is clear, you can use any other confirmation type or enter right now
Tps and SLs calculated based on previous recent important levels.
EURUSD Potential for up trend continuationEUR/USD rebounded from a support level, influenced by impactful news surrounding the Euro. The market remains in a consolidation phase as the year-end approaches, likely staying within last week’s trading range. A rejection signal at the support level and the downward trendline could indicate potential upward movement, suggesting oscillation within the consolidation zone’s highs and lows. The recent breakout from a falling wedge pattern points to a possible rise. The target resistance zone for this movement is around 1.05620
EURUSD: Will Keep Falling! Here is Why:
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
❤️ Please, support our work with like & comment! ❤️
Fundamental Market Analysis for December 16, 2024 EURUSDThe Euro-dollar pair starts the week with continued gains, trading around 1.05200 during the Asian session on Monday. This rise can be attributed to the decline in the US Dollar (USD) amid lower US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision scheduled for Wednesday.
The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting in 2024. Market analysts predict the U.S. central bank will cut rates but prepare the market for a pause given the strong U.S. economy and inflation stalled above 2%. According to CME's FedWatch tool, markets have already all but priced in the possibility of a quarter basis point rate cut at the Fed's December meeting.
In addition, Fed Chairman Jerome Powell's press conference and dot plots will be closely watched. Earlier this month, Powell struck a cautious tone, saying, “We can afford to be a little more cautious in trying to find a neutral stance.” He indicated he was in no rush to cut rates.
The euro gained support after President Emmanuel Macron appointed centrist ally Francois Bayrou as France's prime minister, raising hopes for political stability. Macron promised to quickly select a new candidate for the job after Michel Barnier was forced to resign following a confidence vote in parliament.
Trading Recommendation: Watch the level of 1.05000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
