EURUSD

-

 


https://www.tradingview.com/x/VqjHdkRf/

The EURUSD pair is moving in a structure that clearly indicates an extended third wave. Many traders who were biased towards the market's reactions to President Donald Trump's statements ended up missing the market direction that signaled through Momentum the continuation of the rise, especially in the complexity of wave 3 (blue) that formed an ending diagonal pattern.

The use of Fibonacci Retracements indicates that, having passed and closed above the 61.8 level, the EURUSD should seek the 78.6% Retracement. Touching this retracement could trigger sales that will start corrective wave number 4.

Although the daily chart signals a possible loss of Momentum, the weekly chart still has room to rise during this week since it has not yet reached the overbought condition.

Traders should pay attention to the signals. Although not recommended, it is possible to make profitable and high-probability trades on shorter time frames in the continuation of this upward movement, knowing where the final target is (78.6). Likewise, knowledge of the market structure in waves will allow sales in wave 4.

It is important that market traders identify the waves in which the movement is taking place in order to make the most of trades and avoid operations against the trend that the waves signal.

ORDER IN CHAOS!


O par EURUSD está se movendo em uma estrutura que claramente indica uma terceira onda extendida. Muitos traders com viés nas reações do mercado às falas do presidente Donald Trump acabaram por errar a direção do mercado que sinalizava através do Momentum a continuidade da alta, em especial na complexidade da onda 3 (azul) que formou um padrão de diagonal final.

A utilização das Retrações Fibonacci nos sinaliza que, por ter passado e fechado acima do nível de 61,8, o EURUSD deverá ir buscar A Retração de 78,6%. O toque nesta retração poderá disparar vendas que darão inicio à onda corretiva de número 4.

Apesar do gráfico diário nos sinalizar uma possível perda de Momentum, o gráfico semanal ainda tem espaço para subir durante esta semana visto que ainda não atingiu a condição de sobre-comprado.

Os traders deverão estar atentos aos sinais. Embora não recomendado, é possível fazer trades lucrativos e de alta probabilidade em tempos gráficos menores na continuidade deste movimento de alta sabendo onde é o alvo final (78,6). Da mesma maneira, o conhecimento da estrutura do mercado em ondas possibilitará vendas na onda 4.

É importante que os operadores do mercado identifiquem as ondas em que o movimento está para tirarem o melhor proveito de trades e evitar operações contra a tendência que as ondas sinalizam.

ORDEM NO CAOS!



Comments

Post a Comment

Popular posts from this blog

Correlations: Intermarket analysis

-
Image
In financial markets, understanding asset correlations is essential for making more informed decisions. The interaction between different currency pairs, commodities, and indices can reveal patterns and relationships that help traders anticipate price movements. A classic example is the relationship between EUR/USD and XAU/USD. EUR/USD represents the exchange rate between the euro and the US dollar, making it the most traded currency pair in the world. XAU/USD, on the other hand, reflects the price of gold in US dollars. Historically, there has been a positive correlation between these two assets. This means that, often, when the euro appreciates against the dollar, gold also tends to rise. This correlation occurs because both assets are sensitive to US monetary policies and the strength of the US dollar. When the Federal Reserve adopts a more expansionary stance, weakening the dollar, the euro tends to appreciate, and gold becomes more attractive as a store of value. During times of e...
Read more

K.I.S.S. - Keep It Simple, Stupid!

-
Image
  Leonardo da Vinci once said, "Simplicity is the ultimate sophistication." In the world of trading, this statement resonates as a fundamental principle that is often ignored. Many traders constantly seek overly complex strategies, filled with indicators and variables, believing that more elements in their analysis will lead to better decisions. However, what actually happens is a phenomenon known as paralysis by analysis – an overload of information that creates hesitation and prevents action. An overcomplicated chart may appear sophisticated, but in reality, it obscures the most crucial element: price itself. The market is dynamic, and trying to capture every nuance through an excess of tools often leads to confusion, delayed decision-making, and ultimately poor execution. How many traders have missed opportunities because they were waiting for the "perfect confirmation" from an overcomplicated system? How many have felt lost trying to interpret conflicting sign...
Read more

The Story of the Turtle Traders and What We Can Learn From Them

-
Image
In the 1980s, the world of trading witnessed one of the most fascinating experiments in financial market history. Richard Dennis and William Eckhardt, two legendary traders, had a fundamental disagreement: Dennis believed that anyone could be trained to become a profitable trader, while Eckhardt argued that market success was an innate skill that couldn't be taught. To settle this debate once and for all, they decided to conduct a bold experiment. Dennis recruited a group of ordinary people from various backgrounds and experiences, taught them a set of trading rules, and called them Turtle Traders . The name came from an inspiration Dennis had when visiting a turtle farm in Singapore. He believed he could "grow traders" just like turtles were raised and developed to grow quickly and strong. The experiment's outcome was remarkable: within a few years, the Turtles amassed millions in profits, proving that trading success could be taught and replicated. This story became...
Read more