EURO FX Futures ( 6E1! ), H4 Potential for Bearish DropTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1.03965
Pivot: 1.01315
Support: 0.99625
Preferred case: The current bias for 6E1! on the H4 chart is bearish. To add to this bias, the price is currently crossing below the Ichimoku cloud, indicating a bearish market. If the bearish momentum continues, expecting price to possible head towards the pivot at 1.01315, where the previous swing high is located.
Alternative scenario: Price may head back up towards the resistance line at 1.03965, where the previous swing high and 161.8% Fibonacci extension line are located.
Fundamentals: There are no major news.
6E1! trade ideas
Relative Strength DXY vs Futures FXHello Traders!
Here we are looking at the Dollar Index compared to the FX Futures (Continuous Chart).
All the signs:
6B1! = British Pound Dollar
6N1! = New Zealand Dollar
6C1! = Canadian Dollar
6J1! = Japanese Yen Dollar
6S1! = Swiss Franc Dollar
6A1! = Australian Dollar
6E1! European Dollar
I have everything on the same % scale.
I am simply looking at who is the weakest out all the pairs to make a dynamic move with the dollar in consolidation last week and now in a this week breakout.
From the 1H it looks like Australian Dollar was the weakest. As DXY went sideways it declined the most out the others.
From the 1H it looks like British PounD dollar was the strongest. As DXY went sideways it increased the most out of the others.
From the 1H it looks like Swiss Franc Dollar moved sideways as the DXY went sideways.
Now I'm speculating AUD weak and GBP Strong. Which means I should look at the currency pair GBP/AUD.
I should look for signs of GBP/AUD going long. Check to see if a HTF discount PD array has been respected and gave a nice dynamic rally away from it. Check to see where it stands in its IPDA ranges for the month of November so far.
When the DXY goes sideway is will be a change for the commercials to manipulate the crosses like EUR/GBP, EUR/YEN, EUR/NZD, EUR/AUD etc...
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.06680
Pivot: 1.01265
Support: 1.03965
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension are located.
Alternative scenario: Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.06680
Pivot: 1.01265
Support: 1.03965
Preferred case: The current bias for 6E1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension are located.
Alternative scenario: Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.06680
Pivot: 1.01265
Support: 1.03965
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension is located.
Alternative scenario: Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.06680
Pivot: 1.01265
Support: 1.03965
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension is located.
Alternative scenario: Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.03825
Pivot: 1.02450
Support: 1.01285
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.03825, where the previous high and 161.80% Fibonacci extension is located.
Alternative scenario: Price may retrace downwards and head towards the 1.01285 support level, where the previous swing low is located.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01990
Pivot: 1.00020
Support: 0.98980
Preferred case: The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.01990, where the previous high and 100% Fibonacci projection is located.
Alternative scenario: Price may retrace downwards and head towards the 0.98980 support level , where the 61.8% Fibonacci line is located.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01990
Pivot: 1.00020
Support: 0.98980
Preferred case: The current bias for ZS1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.01990, where the previous high and 100% Fibonacci projection is located.
Alternative scenario: Price may retrace downwards and head towards the 0.98980 support level, where the 61.8% Fibonacci line is located.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01345
Pivot: 0.99940
Support: 0.97525
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud and price breaking the descending trendline which indicate a bullish market. The price may rise from the pivot at 0.99940, which is in line with the 61.8% fibonacci retracement and projection to the 1st resistance at 1.01345, where the swing high is.
Alternative scenario: Price may retrace downwards towards the the support line at 0.97525, which is in line with the swing lows.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01345
Pivot: 0.99940
Support: 0.97525
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud and price breaking the descending trendline which indicate a bullish market. The price may rise from the pivot at 0.99940, which is in line with the 61.8% fibonacci retracement and projection to the 1st resistance at 1.01345, where the swing high is.
Alternative scenario: Price may retrace downwards towards the the support line at 0.97525, which is in line with the swing lows.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1! ), H4 Potential for Bullish MomentumTitle: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01345
Pivot: 0.99940
Support: 0.97525
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud and price breaking the descending trendline which indicate a bullish market. The price may rise from the pivot at 0.99940, which is in line with the 61.8% fibonacci retracement and projection to the 1st resistance at 1.01345, where the swing high is.
Alternative scenario: Price may retrace downwards towards the the support line at 0.97525, which is in line with the swing lows.
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum
Resistance: 1.00155
Pivot: 0.98445
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines , we have a bearish bias that the price may drop from the pivot at 0.98445, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.00155, which is in line with the overlap resistance and 61.8% fibonacci retracement .
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum
Resistance: 1.00155
Pivot: 0.98445
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines , we have a bearish bias that the price may drop from the pivot at 0.98445, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.00155, which is in line with the overlap resistance and 61.8% fibonacci retracement .
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum
Resistance: 1.00155
Pivot: 0.98445
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines, we have a bearish bias that the price may drop from the pivot at 0.98445, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.00155, which is in line with the overlap resistance and 61.8% fibonacci retracement.
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum
Resistance: 1.01315
Pivot: 0.99670
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines , we have a bearish bias that the price may drop from the pivot at 0.99670, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.01315, which is in line with the overlap resistance.
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum
Resistance: 1.01315
Pivot: 0.99670
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines, we have a bearish bias that the price may drop from the pivot at 0.99670, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.01315, which is in line with the overlap resistance.
Fundamentals: There are no major news.
EURO FX Futures (6E1!), H4 Potential for Bullish RiseType: Bullish Momentum
Resistance: 1.03220
Pivot: 0.99670
Support: 0.97270
Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud . The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at 0.99670, where the 23.6% fibonacci retracement is.
Alternative scenario: Price may go back down to the 1st support at 0.97270, where the previous swing low is.
Fundamentals: There are no major news.
EURO FX Futures ( 6E1!), H4 Potential for Bullish MomentumType: Bullish Momentum
Resistance: 1.03220
Pivot: 0.99670
Support: 0.97270
Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud . The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at 0.99670, where the 23.6% fibonacci retracement is.
Alternative scenario: Price may go back down to the 1st support at 0.97270, where the previous swing low is.
Fundamentals: There are no major news.