Eurusdlong
SWING TRADE SETUP ON EURUSD We had a nice move to the upside yesterday following a shift on the 1H timeframe, Hope some of you were able to catch the move to the upside.
If not there is another setup that I am looking at. This is a swing setup and if played out I expect for TP to be hit within the week.
The main thing to keep in mind is that we have interest rate decisions for both the FED and ECB.
Depending on how the numbers come out this setup will stay valid or EURUSD will break below the invalidation point and continue it's move to the down side. Good risk management is key with these news events.
BUY EURUSD H4 | FOREX BEEHey Traders,
This EUR/USD H4 chart suggests a bullish scenario, with price action breaking key levels and retesting them for continuation. Here's the technical analysis:
### Observations:
1. Trend Analysis:
- The price has broken above the descending trendline, signaling a shift from a bearish to a bullish bias.
- The breakout has been followed by a successful retest within the green zone, confirming it as a support level.
2. Key Levels:
- Support: The green zone around 1.0480-1.0500 has acted as a strong support after the breakout.
- Resistance: The chart highlights a target near the 0.5 Fibonacci level at 1.0694.
3. Retest Zone:
- The blue highlighted area indicates a retest of the broken trendline and horizontal support. This confluence area strengthens the bullish case.
4. Fibonacci Levels:
- The 0.236 Fibonacci level (~1.0424) was successfully held, suggesting that the retracement is over and the upward momentum may resume.
5. Potential Movement**:
- The price is expected to continue its bullish movement, as indicated by the blue arrows, with a primary target around 1.0694.
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### My Thoughts:
This chart looks bullish, with a strong base formed around 1.0480-1.0500. Watching for further confirmation through price action, such as higher highs and higher lows, would be wise. However, a break below the retest area could invalidate this setup and shift the bias.
EURUSD Analysis: Bull IncomingHello everyone, starting this sunday with a EURUSD Long Analysis:
As we can see, we have recently entered a bullish trend and I believe we are really close to a great entry.
As seen on the chart, the bottom trendline and what was this months highest resistance (now hopefully a support) are really close to be reached. and if the EURUSD keeps following the same trend as it has for now, we should have a solid trade.
I expect price to reach 1.05559 where my TP will also be set.
I have set the SL at 1.03969 which leaves room for the trade to breathe in case of high volatility during Mondays NY Session, which leaves us with a 3.02 Risk/Reward.
Happy trading! Let me know your thoughts on this.
EURUSD: Trade Plan - 26/Jan/2025Hi Traders,
In the bigger picture EU has already completed the potential correction and is ready to push up.
We are going to track the behavior in smaller timeframes in order to get the better entry along with confirmation (the same has been shared separately).
Now without going into depth, looing at EU, it loos it n make a new low before final push up or can go up without breaking the recent low in LTFs. All in all the bias is up.
Pre-FOMC Week - Bullish run on the EUR/USD & GBP/USD....Like last week's video analysis, I'm currently holding long positions on the EUR/USD and GBP/USD. I'm expecting strong movements in the coming week due to FOMC and Interest Rate Policy.
The ETF SOXL, has been running well although Friday dumped pretty hard but long positions remain solid. I'll remain diligent in observing the price action this week and hopefully book a good 90% profit so far for the 1st Quarter of 2025.
EUR/USD:
•1.0265
•1.0416
•Target: 1.06000
GBP/USD:
•1.2209
•Target: 1.2600 or 1.2700
ETF SOXL:
•$29.01
•Target: $36 or $40
Good Luck. Trade Safe.
EURUSD Six months viewI think that can be usefull to think long term. This is my view for the next six months about EURUSD. I think that price is under accumulation, and this could lasts some few weeks. It can move in a range maybe till end of February/March, next i expect a slow rally for April till end of May/June. My final target is the 1.10 area, and i marked two areas where i will add some longs.
Good Luck everyone
EurUsd- A nice bullish setup with 1.06 targetLike most major pairs, EUR/USD experienced a challenging final quarter of 2024, with the price dropping approximately 1,000 pips following the double top at 1.12.
The start of 2025 saw a further decline, breaking below the 1.0350 support level and reaching a low of 1.0180.
However, the market quickly reversed after this low.
On Monday, a strong Bullish Engulfing candlestick formed, reclaiming the 1.0350 support level.
Yesterday, this support was confirmed again, leaving a continuation Pin Bar on the daily chart. Adding to this bullish picture, the price also broke above the falling trend line, signaling a well-structured bullish setup.
Currently, the bulls have the upper hand. If the price manages to break above the horizontal resistance at 1.0440, the path should be clear for a rise toward the 1.06 zone.
In conclusion, buying on dips appears to be the ideal strategy, with invalidation of this setup occurring if the price falls below 1.03.
EURUSD, UP or DOWN ?Hello Traders, what do you think about FX:EURUSD ?
Yesterday we had a huge upward movement because of Tariff plans. but as long as price is below 1.0460, we better to find short position and if price stabilizes above this number at daily timeframe, we can think about buy.
remember that Eurozone performance is unstable and we can't expect a large upward movement in this pair at least for short term, unless the data that comes from US is very bad.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
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THANKS.
EUR/USD Very Near Buying Area , Don`t Miss This Chance !Here we have a very good new up trend line on 4H Time Frame , and the price touch it 2 times , and now we are waiting For third touch and it will be the best one , so i`m waiting for the price to touch it and give me a good bullish price action and then we can enter a buy trade .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/USD Longs from 1.02000 back upWhile the overall trend for EUR/USD (EU) remains bearish, the strong reaction from my marked demand zone last week has caused a Change of Character (CHOCH) to the upside. This indicates a temporary shift in momentum, and I plan to capitalize on this bullish move.
My strategy is to wait for a retracement back into the 8-hour demand zone below. Once the price taps into this zone while sweeping liquidity, I’ll look for lower time frame confirmations to enter buy positions.
However, if the price continues to move higher without retracing, I’ll consider potential sell opportunities from the key level at 1.04000.
Confluences for EU Buys:
- A CHOCH to the upside has temporarily shifted the trend.
- Significant liquidity to the upside in the form of equal highs and an imbalance that needs to be filled.
- A clean, unmitigated 8-hour demand zone remains below.
- The DXY aligns with this counter-trend idea.
- A pool of liquidity below is likely to be swept before price enters the point of interest (POI).
Note: If the price breaks structure further to the upside, I’ll identify a new demand zone. For now, my primary focus remains on the 8-hour demand zone below for buys and the 6-hour supply zone above for potential sells.
EUR/USD Trade Plan Summary - Reversal
Entry: Place a Buy Stop at 1.04355, confirming a breakout from the falling wedge.
Stop Loss: Set at 1.01702, below the recent lower low to limit risk.
Take Profit: Target TP1 at 1.06993 and optionally TP2 at 1.09253 for extended gains.
Confirmation: Wait for a daily candle close above the wedge before activating the trade.
Risk Management: Risk 1-2% of capital and adjust position size based on the entry-to-SL distance.