Only EURUSD | Page 342 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: Only EURUSD
Exit Attachments

Only EURUSD

  • #6,821
  • Sep 6, 2024 1:29pm Sep 6, 2024 1:29pm
Quoting ahmerjamil
{quote} I am so glad brother, Yeah In Sha Allah We always strive to improve!
Congratulation guys!!!
I'll Sell when price is heading to Hell
  • #6,822
  • Sep 6, 2024 1:47pm Sep 6, 2024 1:47pm
Quoting braintec
{quote} Congratulation guys!!!
Stop Procrastinating
  • #6,823
  • Sep 6, 2024 3:30pm Sep 6, 2024 3:30pm
Quoting ahmerjamil
{quote} I am so glad brother, Yeah In Sha Allah We always strive to improve!
This weekend POC, VAH, VAL. S&R, New Trading, Etc I have the board ready for the update for next week
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,824
  • Sep 6, 2024 8:30pm Sep 6, 2024 8:30pm
Quoting Fxgfitking
{quote} This weekend POC, VAH, VAL. S&R, New Trading, Etc I have the board ready for the update for next week
Wonderful bro, Also adding the line I sent!
Stop Procrastinating
  • #6,825
  • Sep 7, 2024 2:34am Sep 7, 2024 2:34am
This week, EUR/USD experienced a mixed performance, ultimately closing higher but failing to break through the key resistance level at 1.1200. The pair's upward momentum stalled as market expectations of a 0.25% rate cut by the Federal Reserve at its September 18th meeting were already largely priced in. However, support at 1.1065 managed to hold, preventing the pair from dropping to lower levels such as 1.1040 or 1.1008.

On the upside, bulls managed to push the pair to the weekly R1 level, but the bears maintained a strong defense at the 1.1150/54 resistance zone. Consequently, EUR/USD is expected to consolidate between these levels until new economic data or geopolitical developments provide a catalyst for a breakout.

Further support can be found below the monthly pivot at 1.0981, followed by the 1.0943/60 zone. If the pair can gather enough bullish momentum to surpass the 1.1150/54 resistance, it could potentially target 1.1185 - 1.1200 or even reach the 1.1231/39 zone, depending on the strength of the upward move.

As always, traders should keep an eye on key support and resistance levels and be prepared to adapt their strategies to changing market conditions and news events.


Weekly volatility (range) 89 pips

Option expiries for Monday: 1.1200 (EU2.53b), 1.1175 (EU1.68b), 1.1125 (EU1.4b) Source: financialjuice.com

Significant news - US CPI, ECB Rate decision, US PPI, US Initial Jobless Claims & University Michigan Sentiment.

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-07_09-47-30.png Size: 117 KB

Have a great weekend!
Looking for profitable short term trades ...|
  • #6,826
  • Edited 10:47pm Sep 7, 2024 12:52pm | Edited 10:47pm
Hello Gents,

Here is what I am seeing with EUR. This is M15 timeframe.

I don't expect EUR to gain strength VS the dollar much more, however just because of that does not mean it won't go up. It can still try to target 1.118 range. Personally seeing the drop it took even though it was Friday leads me to believe it grabbed liquidity above & now can continue going down. However to see further downside 1.106 needs to broken as this is a strong order block for Bulls.

We have a double bottom on M15 TF & also an order block/support at the 1.106 range. It might attempt to regain/retest the bullish channel trendline ( marked in color blue ) before any further downside. Being that Friday data was not the gratest for the USD I can see a push up to start the week. Just make sure you keep support areas marked.

We have some resistance at 1.1085 & 1.109 however support as well at 1.1078

M15 Equilibrium is 1.11 where in this range we can either see a pushup or down from this area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-07_13-45-57_c693b.png Size: 25 KB
Click to Enlarge Name: EURUSD_2024-09-07_23-46-56_5669f.png Size: 20 KB
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,827
  • Sep 7, 2024 2:57pm Sep 7, 2024 2:57pm
How eurusd traps you

Inserted Video
  • #6,828
  • Sep 8, 2024 2:25am Sep 8, 2024 2:25am
Quoting Fxgfitking
Hello Gents, Here is what I am seeing with EUR. This is M15 timeframe. I don't expect EUR to gain strength VS the dollar much more, however just because of that does not mean it won't go up. It can still try to target 1.118 range. Personally seeing the drop it took even though it was Friday leads me to believe it grabbed liquidity above & now can continue going down.
My 2 cents based on the chart you have.
You have 2 bullish candles with spikes showing strong push back. At the bottom you have no spikes, candles closed without retracing. The last candles retracing up are classic friday close candles, as positions are closed for the weekend...an exhaustion pattern.
New week so there will be some "mess" but price action alone says continue down
Its all just one persons opinion
  • #6,829
  • Sep 8, 2024 2:35am Sep 8, 2024 2:35am
H4

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 69 KB
Its all just one persons opinion
  • #6,830
  • Sep 8, 2024 3:11am Sep 8, 2024 3:11am
Quoting axecap
{quote} My 2 cents based on the chart you have. You have 2 bullish candles with spikes showing strong push back. At the bottom you have no spikes, candles closed without retracing. The last candles retracing up are classic friday close candles, as positions are closed for the weekend...an exhaustion pattern. New week so there will be some "mess" but price action alone says continue down

I did mention I believe price will continue down. However being that this is Forex Market it can do some crazy things - No rush to enter , we will see how it acts at some supports & resistance areas. I have several confirmations for a long entry currently, but the ceiling could be 1.11 - 1.114
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,831
  • Sep 8, 2024 4:01am Sep 8, 2024 4:01am
I share my view, Soon!
Stop Procrastinating
  • #6,832
  • Sep 8, 2024 5:12am Sep 8, 2024 5:12am
The support around 1.1075 should be closely watched if it is broken and the price makes a new low then there is high probability that the correction phase has been finished and the impulse phase has begun and the price can further drop to 1.09 zone. However if the price holds above 1.1075 then we should be looking for harmonic patterns as the price may enter into a ranging market.
  • #6,833
  • Sep 8, 2024 1:56pm Sep 8, 2024 1:56pm
On Friday we took Trendline support from 1.1069 and closed 1.1085, So based on H1 We have current trendline support at 1.1071, & trendline resistance at 1.1096!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-08_10-51-32.png Size: 44 KB

And if we look at H4, We have trendline resistance around 1.1138, 45, Support at here 1.100!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-08_10-52-42.png Size: 47 KB
And now we come to the M15, We have this looking like a (Descending triangle) It seems we are at resistance right now, And support is at some 1.1075, & next at 1.1063, And if this resistance fails, We have a few more levels, As 1.1094, 1.1109, 1.1119, & 1.1137!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-08_10-51-50.png Size: 35 KB

Next update, After the market opens, & yea These are also my current trendlines!
Stop Procrastinating
  • #6,834
  • Sep 8, 2024 4:44pm Sep 8, 2024 4:44pm
Quoting ahmerjamil
On Friday we took Trendline support from 1.1069 and closed 1.1085, So based on H1 We have current trendline support at 1.1071, & trendline resistance at 1.1096!{image} And if we look at H4, We have trendline resistance around 1.1138, 45, Support at here 1.100!{image}And now we come to the M15, We have this looking like a (Descending triangle) It seems we are at resistance right now, And support is at some 1.1075, & next at 1.1063, And if this resistance fails, We have a few more levels, As 1.1094, 1.1109, 1.1119, & 1.1137!{image} Next update, After...

Thank you bro!
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,835
  • Sep 8, 2024 10:33pm Sep 8, 2024 10:33pm
EUR/USD consolidating below the weekly pivot at 1.1088, 1.1098 resistance and 1.1100 round number. A break above opens the way for higher at 1.1134/40 and 1.1150/54 resistance zones. 1.1065 is holding but a break lower will lead the pair next at 1.1040 and if that doesn't hold 1.1026. Today no significant news are on the calendar and the market will trade with less volatility. Have a great week ahead!

Daily volatility (range) 41 pips

Option expiries for Monday: 1.1200 (EU2.53b), 1.1175 (EU1.68b), 1.1125 (EU1.4b) Source: financialjuice.com

1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-09-09_06-23-51.png Size: 86 KB
Looking for profitable short term trades ...|
  • #6,836
  • Sep 8, 2024 11:01pm Sep 8, 2024 11:01pm
Quoting Js3mwtRc
EUR/USD consolidating below the weekly pivot at 1.1088, 1.1098 resistance and 1.1100 round number. A break above opens the way for higher at 1.1134/40 and 1.1150/54 resistance zones. 1.1065 is holding but a break lower will lead the pair next at 1.1040 and if that doesn't hold 1.1026. Today no significant news are on the calendar and the market will trade with less volatility. Have a great week ahead! Daily volatility (range) 41 pips Option expiries for Monday: 1.1200 (EU2.53b), 1.1175 (EU1.68b), 1.1125 (EU1.4b)...
I am favouring some further dowmward movement this week
Patience, Emotion Control and Discipline.
  • #6,837
  • Sep 8, 2024 11:29pm Sep 8, 2024 11:29pm
Quoting johncen
{quote} I am favouring some further dowmward movement this week
Maybe some lower me too...with caution!
Looking for profitable short term trades ...|
  • #6,838
  • Sep 8, 2024 11:30pm Sep 8, 2024 11:30pm
Quoting johncen
{quote} I am favouring some further dowmward movement this week
skirt or sandals
  • #6,839
  • Sep 8, 2024 11:34pm Sep 8, 2024 11:34pm
Quoting PatienceFx
{quote} skirt or sandals
No need for double meanings
My question is simple how much down
  • #6,840
  • Edited 11:48pm Sep 8, 2024 11:38pm | Edited 11:48pm
Quoting PatienceFx
{quote} skirt or sandals
maybr sandals

I would like to see 1.1
Patience, Emotion Control and Discipline.
10 traders viewing now, 1 is registered:
JaniceKelly