{"id":216295,"date":"2024-09-01T01:30:00","date_gmt":"2024-09-01T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=216295"},"modified":"2024-09-01T00:43:15","modified_gmt":"2024-09-01T07:43:15","slug":"monthly-eurusd-buy-vacuum","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/monthly-eurusd-buy-vacuum\/","title":{"rendered":"Monthly EURUSD Buy Vacuum"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market formed a monthly EURUSD buy vacuum test of the trading range high. The bulls need to create a follow-through bull bar in September following the breakout above the triangle to increase the odds of a breakout above the July high. The bears want a reversal from a double top bear flag (Dec 28 and Aug 23) and from around the top of the large trading range.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag-680x383.jpg\" alt=\"EURUSD Monthly: Buy Vacuum, Bull Leg, DT Bear Flag, Monthly EURUSD Buy Vacuum\" class=\"wp-image-216455\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Monthly-Buy-Vacuum-Bull-Leg-DT-Bear-Flag.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The August monthly EURUSD candlestick was a big bull bar with a long tail above, breaking above the triangle and testing the trading range high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-eurusd-tight-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said that traders would see if the bulls can create a follow-through bull bar breaking above the triangle. The odds for the bulls and bears remain\u00a0quite\u00a0equal.<\/li>\n\n\n\n<li>The bulls got a reversal from a large wedge bull flag (Mar 15, Oct 3, and\u00a0Apr 16).<\/li>\n\n\n\n<li>They got another leg up breaking above the triangle to retest the\u00a0December 28\u00a0high.<\/li>\n\n\n\n<li>The next target for the bulls is the July high. They want a strong retest of the July high and a breakout with follow-through buying.<\/li>\n\n\n\n<li>They need to create a follow-through bull bar in September following the breakout above the triangle to increase the odds of a breakout above the July high.<\/li>\n\n\n\n<li>The bears see the current move as a buy vacuum test of the trading range high.<\/li>\n\n\n\n<li>They want a reversal from a double top bear flag (Dec 28 and Aug 23) and from around the top of the large trading range.<\/li>\n\n\n\n<li>They also see a larger double top bear flag forming (July 18 and Aug 23).<\/li>\n\n\n\n<li>They hope to retest the middle of the trading range (around the 20-month EMA).<\/li>\n\n\n\n<li>Since August is a bull bar closing in its upper half with a long tail above, it is a buy signal bar albeit weaker.<\/li>\n\n\n\n<li>Traders will see if the bulls can create a follow-through bull bar testing the trading range high following the breakout from the triangle.<\/li>\n\n\n\n<li>If they do especially if it is a strong follow-through bull bar, it will increase the odds of a breakout attempt above the large trading range.<\/li>\n\n\n\n<li>Or will the market form a bear bar (perhaps a bear inside bar) testing the middle of the trading range instead?<\/li>\n\n\n\n<li>Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until a breakout with sustained follow-through buying\/selling from either direction.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling-680x383.jpg\" alt=\"EURUSD Weekly: No FT Buying, Bears Need FT Selling\" class=\"wp-image-216458\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This\u00a0week\u2019s\u00a0candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a> was a big bear bar closing near its low.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-follow-through\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bulls can create another follow-through bull bar or if the market would trade slightly higher but stall and close with a long tail or a bear body. The upper third of the large trading range can be the sell zone of trading range traders.<\/li>\n\n\n\n<li>The market formed a micro double top and traded down for the week.<\/li>\n\n\n\n<li>The bulls got a breakout above the December 28 high. However, they could not create follow-through buying following last week\u2019s breakout.<\/li>\n\n\n\n<li>They hope that this week was simply a pullback. They want at least a small retest of the August 26 high.<\/li>\n\n\n\n<li>The bears see the recent rally as a buy vacuum test of the trading range high (July high).<\/li>\n\n\n\n<li>The bears see that the lack of follow-through buying this week (following the breakout above the December high) suggests that the recent rally could be a buy vacuum test of the trading range high (July).<\/li>\n\n\n\n<li>They want a reversal from around the upper third of the large trading range from a double top bear flag (Dec 28 and Aug 23) and a micro double top (Aug 23 and Aug 26).<\/li>\n\n\n\n<li>They need to create a strong follow-through bear bar next week to increase the odds of a retest of the middle of the trading range.<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is a bear bar closing near its low, it is a sell signal bar for next week.<\/li>\n\n\n\n<li>Odds slightly favor the market to trade at least a little lower.<\/li>\n\n\n\n<li>Traders will see if the bears can create a follow-through bear bar.<\/li>\n\n\n\n<li>If they do, that will increase the odds of a pullback to the middle of the trading range.<\/li>\n\n\n\n<li>Or will the market trade slightly lower but close with a long tail or bull body instead?<\/li>\n\n\n\n<li>The market trades around the upper third of the large trading range which can be the sell zone of trading range traders.<\/li>\n\n\n\n<li>The EURUSD is in a 93-week trading range. (Trading range high: July 2023, Trading range low: Oct 2023).\u00a0<\/li>\n\n\n\n<li>Traders will continue to\u00a0BLSH (Buy Low, Sell High) within a trading range until a\u00a0breakout with follow-through selling\/buying.<\/li>\n\n\n\n<li>Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex The market formed a monthly EURUSD buy vacuum test of the trading range high. The bulls need to create a follow-through bull bar in September following the breakout above the triangle to increase the odds of a breakout above the July high. The bears want a reversal from a double top [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":216458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1842,136],"tags":[281],"class_list":{"0":"post-216295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex","8":"category-analysis","9":"tag-eurusd-forex","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/EURUSD-Weekly-No-FT-Buying-Bears-Need-FT-Selling.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/216295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=216295"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/216295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/216458"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=216295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=216295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=216295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}