TradingView Ideas
EUR/USD: Bearish Continuation in Focus (Fri, 22 Nov 2024)EUR/USD is trading around 1.0469, r1.0510-1.0540, which If the price retests the resistance zone but fails to break above, a bearish continuation could follow. Initial targets lie at *1.0440, wi1.0400 a Traders should monitor price action closely at the resistance zone. Short positions could be considered near 1.0510-1.0540, with stop-loss levels set above 1.0550 to manage risk while targeting the next bearish leg.
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EURUSD : Where and When (Fri, 22 Nov 2024)
The chart above refers. Again, I would remind you that the lines are NOT trendlines. Now the price is at a critical juncture. Knowing WHERE and WHEN to wait is going to be very profitable here. I think you should know what to do. Know that bond yield is still high and not falling. The same goes for Oil. Again, buy when the price is LOW. To sell now is already too LATE. Good luck.
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#002 Daily Time Frame Continuous Bar EURUSD Sell (Fri, 22 Nov 2024)
As usual, this is my do nothing strategy which I don't give much thoughts about. I think, especially when it is small account with small risk. And I have other things to distract me, so, I allow these trades to play out. Small loss, breakeven, small profit or hit full TP or Full SL. Hitting full stoploss or full TP is harder because I trail my stoploss to the previous day's positive expected outcome's swing low (for longs, vice versa). So, besides this trade, I also have the XAGSGD running. I will be shifting the stop loss whenever the previous day's bar closes in the green, and not shift it when it is in the red. I might not shift the stop loss if the green isn't very strong, such as a topside rejection doji but in green, like the XAGSGD's previous days green candlestick. That's all for now, time for coffee. 1109SGT 22112024
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EURUSD Formation of a Triangle in 30 M Breakout Mode (Fri, 22 Nov 2024)
in 30 M time frame EURUSD form a Triangle SO its in Brackout mode final lag in down trand
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EURUSD H4 I Bullish Bounce (Fri, 22 Nov 2024)
Based on the H4 chart analysis, we can see that the price is approaching our buy entry at 1.0465, that aligns with the 127.2% Fibo extension Our take profit will be at 1.0516, that aligns with the 161.8% Fibo extension The stop loss will be placed at 1.0421, below 161.8% Fibo extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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#EURUSD - 22112024 (Fri, 22 Nov 2024)
I was wrong on the move for EURUSD, but levels worked well. Why so? I was looking at price to base from open and then move higher. Instead, EURUSD came down and tested the strong level at 1.0514 strong level perfectly which gave a good long for 30pips. But it was a case of a down move - bearish, and it made a lower high, a rejection off 1.054 strong level in confluence with and it sold down. From current move, I am looking for a move lower. Look to short off a pullback to 1.0514 for a move lower. DXY does look to want to go higher. Do note that now DXY strength is in confluence with indices strength.
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EURUSD AT ALL-TIME LOWS (Fri, 22 Nov 2024)
The EUR/USD forecast, based on technical and fundamental analysis until November 2024, shows a trend with several perspectives: - **Technical Analysis**: The EUR/USD pair has shown volatile movements, with key support and resistance levels being constantly tested. Recently, the EUR/USD has been observed trying to break important resistances around $1.05884 and $1.05964, which could indicate a potential to reach levels like $1.06128 if these barriers are overcome. Some sources indicate that the pair could move towards $1.0650 or $1.0700, which could represent an opportunity for short or long trades depending on price action. - **Fundamental Analysis**: Factors such as the monetary policy of the US Federal Reserve and the European Central Bank (ECB), along with geopolitical events, significantly influence the EUR/USD. Strengthening of the US dollar (USD) due to interest rate policies or the perception of security in times of global uncertainty could push EUR/USD lower. However, if the Eurozone economy shows signs of recovery or if there are expectations that the ECB will maintain a more aggressive policy compared to the Fed, this could support EUR against USD. - **Long-Term Projections**: For 2024 and beyond, forecasts vary. Some sources mention that the pair could target levels like $1.02 or even lower, potentially reaching $0.86 based on Fibonacci analysis and chart patterns, while other analysis suggests that EUR/USD could find support at higher levels, such as $1.1000, and resistances at $1.1275, indicating a possible short-term uptrend if the latter level is broken. - **Market Sentiment**: Social media posts and expert analysis reflect a mix of expectations. There are those who look for buying opportunities at support levels, waiting for a bounce, while others take a more cautious stance, watching technical barriers before taking positions. In summary, the EUR/USD projection for 2024 suggests a volatile market with opportunities for both buyers and sellers, depending on how global economic and political events develop, and how key technical levels behave in the short and medium term.
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The interesting thing about the Euro | FX Research (Thu, 21 Nov 2024)
We'd like to take a moment to focus on the technical picture for the euro right now. If we use EUR/USD as a proxy for direction in the FX market, the longer-term euro chart could provide valuable insights. In recent weeks, the euro has come under intense pressure, with the single currency sinking to a fresh 2024 low and gravitating back towards the 2023 low around 1.0450. Naturally, sentiment toward the euro has been rather bearish, with many expecting the slide to continue. Interestingly, when looking at the monthly chart, we haven’t really gone anywhere at all. In fact, there’s a strong case to be made for the next big move to favor the upside. The monthly chart shows the euro established a critical low below parity in 2022. It then staged an aggressive bounce in late 2022 and into 2023 before entering what has been a multi-month period of consolidation. This consolidation has been roughly defined between 1.13 and 1.04. Now that we’re trading back down to the lower end of this range, the more compelling argument could be to consider a balance of risk pointing to the upside. It will be important to monitor how the market responds to the 2023 low. As long as the euro holds above 1.0450 on a monthly close basis, we remain in a consolidation phase, suggesting a bounce is likely until proven otherwise. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
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Buy 1.0485 sl 1.04 tp 1.15 (Thu, 21 Nov 2024)
As price hit support area expect to rise pls like for support thank you
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Update on EU Buy transition Swing (Thu, 21 Nov 2024)
Hello all, here is my Update of what I am seeing on EU Just to give context the: Orange line - 4h Yellow line - Daily Red line - 1h White line - Monthly Black line - Weekly I am more of a dynamic trader and will intraday, or swing depending on the situation and sometimes can take my entries on the 1m like i did for this position which allowed for me to have a 5 pip Stop loss in this instance I use dynamic trend lines meaning i move them and adjust them as the market develops and when candles close, so what may look like a lot of lines really isn't what I have up all the time. This is just for visual aid to show you what I can see without the lines (sometimes) now with that out of the way. My main thought is still based on the weekly which is where my main fib is based on: https://www.tradingview.com/x/8XUQX4VC/ Usually the market after a transition on the pullback dips a bit lower than the previous support area in this case pulling back to the red zones on my fib which usually happens on most timeframes after a break of structure, this is still true and what I am basing things on That paired with the daily rejecting the monthly support (white line) and showing exhaustion in that area and the market rejecting the daily zone that aligns with a monthly support further builds this case, https://www.tradingview.com/x/ix7VHVqO/ before I was jumping the gun even though I marked up ignoring the previous consolidation. I still did not wait for the market to truly make that "deeper" pullback under that previous structure https://www.tradingview.com/x/R8JeAvpQ/ I entered on the lower timeframes based on exhaustion seen on the higher time that being the daily and 4h I entered based on it being at the bottom of the zone and just confidence. I have a 6 pip SL and am willing to risk that for the overall tp of 1.13422
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EUR/USD: Bullish Reversal Setup (Thu, 21 Nov 2024)
It seems that the bearish trend for EUR/USD has come to an end. The retracement of the CD leg has been completed, and EUR/USD is now sitting on a major weekly support level. Additionally, there is bullish divergence present. A buy stop above the last lower low is recommended to confirm a potential trend reversal.
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