Volume profile scenarios at London Session and rest of dayTrade one SELL scenario, T1, will come as a small correction on the London Session targeting the Value area of Volume Profile, and Moving Average.
Trade two Buy scenario, T2, will come as a continuation of MA break. There is the possibility that the price will fall down to Volume Profile VA in conjunction with MA.
SL will be under POC
TP - 2 or 3 RR
If SL hit, then we wait for the price to break above VA and then enter Buy again.
Don't stumble trading. Trade Safe!
M6E1! trade ideas
Will EURUSD Rally This WeekThis is the Futures Contract of EURUSD.
The Futures Contract is simply where price is PREDICTED to trade to in the future. Traders Buy Futures Contracts to hedge their trades. #TradingMadeSimple
So buy reading the Futures contract it gives the Sniper an edge to have a very good objective high probability perspective of where the market will probably trade to.
This is the Monthly TF.
The White Lines represent monthly SR. These are the brick 🧱 walls; the strongest areas of SR in the Forex Market.
I’ve broken down the sell to the most probable Low that was created on the last day of trading in the month of September.
Adding that the fundamentals for the EURO 💶 and the Dollar are perplexingly distraught there could be a major shift from EURO Falling to the depths of disparity and the Dollar 💵 soaring to the depths of no return.
This sets up a very high probability for EURO to Rally in October or at least consolidate a while before breaking North to possibly take out those Equal Highs I have annotated with the red SR LINE.
This would put the EURO 💶 above parity before the holiday season and bring the dollar 💵 down before Christmas here in the states.
With all of that said who’s buying EURO next month?
Never over leverage.
Trust your trade set up aka Detailed ANALYSIS based on your technicals AND fundamentals.
Have fun!!!
Never risk more than you are prepared to lose because anything can happen in these Markets!
I AM Pro Trading Made Simple.
Master Jedi - Sensi of #SniperGang 🏦🏦🏦
In the past the EURO Futures have always dropped more then 19%so waiting for a trend change price has to be below 0,95, so maybe in 2023
a change can happen
why people recommend to buy crypto or gold in such a clear dollar bullish environment I can not understand.
There will be a bounce soon but definatly not a trend change, if the euro future can not go above prior month high...
6E1! Futures Ideas for the next daysSome ideas of possible operations on Future FX 6E for the next few days. I intend to apply them as intraday hedging positions, as an alternative to my usual scalping.
Specifically, before carrying out my possible operations, I will need to have volumetric confirmation and volatility indications that reflect the previous conditions to determine a real interest in those price areas
Let's see how the situation will evolve.
Please do not take any of these ideas as a possible operational invitation.
These are personal impressions, and do not want to give rise to any kind of investment
Euro E-mini FUTURES (E71!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 1.0010
Pivot: 0.9929
Support : 0.9887
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 0.9929 where the previous swing lows are to the 1st support at 0.9887 where the swing low is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 1.0010 where the swing high and 23.6% fibonacci retracement are.
Fundamentals: Eurozone Services PMI are out today, most of them are lower than forecast.
Euro E-mini FUTURES (E71!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 1.0010
Pivot: 0.9929
Support : 0.9887
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 0.9929 where the previous swing lows are to the 1st support at 0.9887 where the swing low is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 1.0010 where the swing high and 23.6% fibonacci retracement are.
Fundamentals: Eurozone Services PMI are out today, most of them are lower than forecast.
EURO FX FUTURES (6E1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance :1.01020
Pivot: 0.99945
Support : 0.99945
Preferred Case: On the H4, with the price moving below the ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 0.99945, where the 38.2% fibonacci retracement are to the 1st support at V, where the 61.8% fibonacci projection and swing lows are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1.01020, which in line with swing high and 38.2% fibonacci retracement .
Fundamentals: Spanish Flash CPI y/y is out today, showing 10.4%, which is lower than the expectation and previous. Additionally, German Prelim CPI m/m will be out today, the expectation is lower than the previous. Therefore, we would hold a bearish bias of the EURO FX future.
EURO FX FUTURES (6E1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance :1.01020
Pivot: 0.99945
Support : 0.99945
Preferred Case: On the H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 0.99945, where the 38.2% fibonacci retracement are to the 1st support at V, where the 61.8% fibonacci projection and swing lows are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1.01020, which in line with swing high and 38.2% fibonacci retracement.
Fundamentals: Spanish Flash CPI y/y is out today, showing 10.4%, which is lower than the expectation and previous. Additionally, German Prelim CPI m/m will be out today, the expectation is lower than the previous. Therefore, we would hold a bearish bias of the EURO FX future.
Futures (E71!), H4 Potential for Bearish MomentumType : Bearish Drop
Resistance : 1.0314
Pivot: 1.0151
Support : 1.0005
Preferred Case: On the H4, as the price is below descending trendline and the MACD indicators are below zero, we have a bearish bias that price may drop from the pivot at 1.0151 where the 61.8% fibonacci retracement is to the 1st support at 1.0005, which is in line with swing low.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1.0314 where the 61.8% fibonacci retracement is.
Fundamentals: Rhine River, a pillar of the German, Dutch and Swiss economies for centuries is set to become virtually impassable at a key waypoint later this week, which impacted the transport of diesel and coal.
Futures (E71!), H4 Potential for Bearish MomentumType : Bearish Drop
Resistance : 1.0314
Pivot: 1.0151
Support : 1.0005
Preferred Case: On the H4, as the price is below descending trendline and the MACD indicators are below zero, we have a bearish bias that price may drop from the pivot at 1.0151 where the 61.8% fibonacci retracement is to the 1st support at 1.0005, which is in line with swing low.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1.0314 where the 61.8% fibonacci retracement is.
Fundamentals: Rhine River, a pillar of the German, Dutch and Swiss economies for centuries is set to become virtually impassable at a key waypoint later this week, which impacted the transport of diesel and coal.
Futures (E71!), H4 Potential for Bearish MomentumType : Bearish Drop
Resistance : 1.0314
Pivot: 1.0151
Support : 1.0005
Preferred Case: On the H4, as the price is below descending trendline and the MACD indicators are below zero, we have a bearish bias that price may drop from the pivot at 1.0151 where the 61.8% fibonacci retracement is to the 1st support at 1.0005, which is in line with swing low.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1.0314 where the 61.8% fibonacci retracement is.
Fundamentals: Rhine River, a pillar of the German, Dutch and Swiss economies for centuries is set to become virtually impassable at a key waypoint later this week, which impacted the transport of diesel and coal.
EURUSD / M6E Short Term Long PositionsEURUSD / M6E Short Term Long Positions
Daily Timeframe:
Ichimoku five lines are currently flat means the market is consolidating.
Price is still inside the the previous 3 weeks Volume Profile and Still inside the 3 months Volume profile.
Price may retest the 1.00 level as if price price break that level trade is long setups are invalid.
30mins Timeframe:
Price close inside the previous 3 Days Volume Profile, and now currently above the Previous POC.
Price was supported by the previous 3 Days Volume Profile VAL.
Expecting the price to move towards the previous 3 Days VAH which is at 1.0275 level.
Euro E-mini Futures (E71!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 1.0430
Pivot: 1.0198
Support : 1.0007
Preferred Case: On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.0198 where the 23.6% fibonacci retracement is to the 1st resistance at 1.0430 where the 50% fibonacci retracement is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 1.0007 where the swing low support.
Fundamentals: No key news.
EURO FX Futures(6E1), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 1.04665
Pivot: 1.03120
Support : 1.00260
Preferred Case: On the H4, with prices breaking the descending channel, we have a bullish bias that price will rise from the pivot at 1.03120 where the 38.2% fibonacci retracement is to the 1st resistance at 1.04665 where the overlap support is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 1.00260 where the swing low support.
Fundamentals: The ECB surprised markets with a 50bps rate increase at its recent meeting, the first rate increase since 2011. However, uncertainty over strong inflation growth, recession in the Eurozone, and the ongoing gas crisis has led to the Euro failing to find sustainable upside moves beyond the resistance level.
Potential for Bullish ContinuationTitle: Euro FX Futures (6E1!), H4 Potential for Bullish Momentum
Type : Bullish Momentum
Resistance : 1.04235
Pivot: 1.01325
Support : 1.00015
Preferred Case: On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement. If price breaks above the intermediate resistance at 1.03155 at the horizontal swing high in line with the 61.8% fibonacci projection, we will have upside confirmation that price will continue to rise to the 1st resistance at 1.04235 at the pullback swing low in line with the 61.8% fibonacci retracement and 100% fibonacci projection .
Alternative scenario: Alternatively, price may reverse off the pivot and drop to the 1st support at 1.00015 at the swing low in line.
Fundamentals: no major news