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EURUSD.1.MINI trade ideas

Trump's rise to power: is EURUSD heading toward 1.03? Looking forward, a large wedge pattern has emerged in EURUSD, targeting 1.0305 following a break below last week's low. While this pattern alone isn’t highly reliable, the recent election results have increased the odds of it unfolding. The pattern remains active as long as the price holds below 1.0830. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For.. 👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
by tradingwithanthony
EURUSD studyObserving the price action at the opening of the London and New York sessions can reveal valuable insights into market behavior, particularly when trading GBP/USD (GU). Often, there's a noticeable divergence in price direction during these times, presenting both challenges and opportunities for traders. Understanding these divergences can be key to successful trading strategies. At the start of the London session, market participants in the UK and Europe react to news and events that might have developed overnight, often resulting in sharp price movements. Meanwhile, during the New York session, U.S. traders enter the market with their own agendas, frequently leading to another shift or divergence in direction. Recognizing these patterns is essential for those trading GU, as it can inform timely and strategic decisions. To capitalize on these fluctuations, traders can monitor these sessions closely and identify any repeating trends. By consistently analyzing the price action at the start of each session, traders can anticipate possible reversals or continuations, allowing them to position themselves more effectively in the market. This approach combines patience with a keen eye for recurring patterns, enhancing one’s ability to respond strategically to session-driven price movements.
by martin_kemei
2
Let the Market Calm Down a Bit After Elections I guess you saw the many forex pairs and other assets quite impulsively reacted to the polls this night. The best strategy to follow after such movements is to let the market calm down and find the balance. Quite often, the first reaction is always driven by emotions and overestimate a real short-term and mid-term impacts. For that reason, be patient for now and do not rush trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Is a Trend Reversal Coming?OANDA:EURUSD Multi-Timeframe Analysis Current Price: 1.07962 Potential for a Bullish Reversal: EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators: • Breakout of Descending Channel Upper Trendline • Weekly Major Support Zone • Potential Double Bottom Formation • Emerging Bullish Divergence Descending Channel Breakout: The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone. Weekly Major Support Zone: We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers. Top of Trading Range: Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward. Price Target: Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000. Key Levels to Watch: • Support: 1.07421 • Resistance: 1.08635 • Target: 1.10000 Stay tuned and happy trading!
Long
by SpicyPips
Intra-Day Strategies: Part 1 – Mean ReversionWelcome to a three-part series on intra-day trading, a focused and fast-paced trading approach that, when executed with precision, can sharpen your trading skills and deepen your market understanding. We’re starting with mean reversion, a method centred on spotting price overextensions and profiting from quick corrections. What is Intra-Day Trading? Intra-day trading involves capturing small, rapid price movements through a series of trades opened and closed within the same day. Unlike swing traders or position traders who wait for larger price moves, intra-day traders zoom in on micro-movements around key levels in the market. They capitalize on the cyclical nature of price volatility, harnessing expansion phases that follow periods of contraction. While this style can be rewarding, it demands quick decision-making, refined technical skills, and strict risk management. It offers the chance to gain valuable experience and refine trading accuracy through regular practice. Pros and Cons of Intra-Day Trading Before diving into the mean reversion strategy, it’s helpful to consider some unique aspects of intra-day trading. Pros: Intra-day trading offers frequent trading opportunities, especially in volatile markets, providing the potential for steady profits. It also allows traders to refine their skills in real-time, building expertise at a faster pace than longer-term strategies. Cons: This style requires intense focus and continuous monitoring, which can be mentally demanding. The frequency of trades can also increase transaction costs, which may impact profitability if trades aren’t carefully planned. Mean Reversion Strategy The Elastic Band Effect Think of mean reversion like an elastic band. When a price is pushed too far from its “normal” level—perhaps by a sudden burst of buying or selling—the band stretches. Eventually, that tension snaps back, pulling the price toward its mean. Mean reversion traders aim to capture this snapback, profiting from the return to the average. The key is to spot when the band is overstretched and position yourself to capture the correction. Spotting Mean Reversion Setups on the Chart In mean reversion, timing and precision are essential. Here’s a three-step approach to identifying setups for this strategy: Level Identification: Start by identifying a clear support or resistance level, like the previous day’s high or low. The more timeframes that confirm this level, the stronger the opportunity for an intra-day trade. Such levels attract price reactions, especially when volatility is high. RSI Divergence: Use the Relative Strength Index (RSI) to spot divergences at overbought or oversold levels. If the price is pushing toward a key level while RSI diverges from the trend, this signals that the “elastic band” is overstretched. For example, if price reaches a strong resistance while RSI diverges downward, a pullback is likely. Candlestick Patterns: When levels and RSI align, watch for candlestick patterns as entry signals. Key patterns include: • Fakeout: When price briefly pierces a level before reversing, signalling that the trend might stall or reverse. • Engulfing Pattern: A strong reversal sign where a candle “engulfs” the prior one, indicating momentum has shifted. • Double Top/Bottom: A pattern where price hits a level twice before reversing, suggesting resistance or support is holding firm. Combining these three elements creates a high-probability setup, allowing traders to capitalize on short-term corrections effectively. Example: EUR/USD In this example, we’re using the 5-minute chart for clarity, though trades can be executed on lower timeframes, depending on market conditions. The first entry setup (labeled Fakeout 1) forms as the market tests the prior day’s high, with RSI divergence indicating a possible snapback. A second opportunity (Fakeout 2) appears on a retest, where both the price pattern and RSI continue to align for a high-confidence entry. EUR/USD 5min Candle Chart Past performance is not a reliable indicator of future results Stop Placement and Trade Management Intra-day traders must pay careful attention to stop placement and management, as short-term moves can quickly go against you. In a mean reversion setup, stops are generally placed just beyond the key level identified in step one. For example, if entering at resistance, place a stop just above that level to protect against a breakout. For trade management, keep these principles in mind: • Initial Target: Aiming for a 1:1 or 1:1.5 risk-to-reward ratio potentially allows for more frequent profit-taking, which can build up over time. • Trailing Stops: As price moves in your favour, a trailing stop helps secure gains. This allows you to capture more profit while staying protected against a reversal. • Exit Triggers: Be prepared to exit if the price quickly re-approaches your entry level or if RSI and candlestick patterns begin to weaken. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Education
by Capitalcom
Trump’s Lead Boosts the DollarTrump’s Lead Boosts the Dollar Early results in the U.S. presidential election indicate a lead for the Republican candidate. A potential Trump victory is seen as favourable for the U.S. dollar, based on Donald Trump's plans to: → increase tariffs on key U.S. trading partners; → stimulate domestic business and support small-cap companies. Additionally, the Trump administration may influence the Federal Reserve's rate policies, potentially leading to rate cuts as anticipated earlier. The forex market has responded with a stronger U.S. dollar, especially against the euro. On 21 October, an analysis of the EUR/USD chart indicated potential support from: → a major trendline (shown in blue); → the psychological level of 1.0800. The price indeed rebounded upwards from this area (shown by an arrow), but recent news has sparked a bearish impulse, bringing EUR/USD below the key trendline today. It’s possible this bearish momentum could continue, potentially keeping EUR/USD below the 1.0800 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Hellena | EUR/USD (4H): Long to the resistance area 1.09508.Dear Colleagues. I have redrawn the waves and it seems that the price has not reached the minimum values yet. Apparently wave “4” is the longest correction we have had recently. According to the data, the price tends to the area of strong resistance at 1.07575. This will be the completion of the corrective wave “C”. Then I would still like to see an upward movement with a renewal of the upper levels. At a minimum, I expect to reach the 1.09508 area. A more risky entry into a long position is possible - from current levels. And a more conservative entry is possible - from the area of 1.07575. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
40
Quantitative Analysis in Forex TradingQuantitative Analysis in Forex Trading Forex trading requires various methodologies to be employed to gain market insights and to allow participants to make informed decisions. One such crucial approach is quantitative analysis, a method that involves the use of mathematical models and statistical techniques to analyse financial assets. This article explores the significance of quantitative analysis in traditional forex markets, also mentioning some specifics related to the emerging domain of cryptocurrency* trading. What Is Quantitative Analysis? For traders engaged in quantitative forex trading, it's essential to grasp the fundamental principles that underpin this methodical approach. How Do We Define Quantitative Analysis? Quantitative analysis (QA), by definition, is a methodical and objective approach to examining financial assets and markets through the application of mathematical models, statistical techniques, and computational tools. It involves the systematic interpretation of numerical data to identify patterns, trends, and correlations, providing traders with a foundation for decision-making. Unlike qualitative analysis, which focuses on subjective factors such as management quality or market sentiment, quantitative analysis relies on quantifiable data to create informed trading strategies. Key Data and Metrics Used The QA process commences with comprehensive data collection, whereby a diverse range of financial data is gathered, for example, historical currency exchange rates and economic information. This extensive dataset serves as the foundation for subsequent analysis, enabling the identification of trends, patterns, and potential investment opportunities. Some of the most widely utilised key metrics within the quantitative framework include technical indicators like Simple Moving Average, Exponential Moving Average, Relative Strength Index (RSI), Bollinger Bands, MACD, Stochastic Oscillator, Fibonacci Levels, Standard Deviation, and Correlation Coefficient. On the other hand, relevant economic data for forex traders includes interest rates, GDP, employment data, inflation rates, and trade balances. Application of Quantitative Analysis in Forex Trading Algorithmic trading is an example of how quantitative analysis can be applied in practice, employing computer algorithms to automate trading processes. These algorithms execute trades based on factors such as timing, price movements, liquidity changes, and market signals. The automated approach may enhance trading efficiency. Consider a scenario where a quantitative analyst creates a trading model rooted in the technical analysis of currency exchange rates. Using machine learning algorithms, the model identifies market patterns, generating buy or sell signals. After successful backtesting with historical data, the analyst deploys the model in live markets through an automated trading platform. In another instance, the analyst may employ fundamental analysis, scrutinising interest rate differentials, inflation rates, GDP growth, and other macroeconomic indicators impacting currency exchange rates. Curious to try a quantitative-analysis-based strategy? Try the free TickTrader trading platform. Benefits of Quantitative Analysis in Trading Quantitative analysis offers several key benefits that contribute to its increasing use in trading: - Systematic Decision-Making: Quantitative analysis provides a systematic approach to decision-making, allowing traders to base their strategies on empirical evidence rather than subjective judgements. - Efficiency and Automation: The use of quantitative models enables automation in trading and enhances efficiency by executing trades based on predefined criteria, reducing the need for manual intervention. - Risk Management: Quantitative analysis facilitates the development of risk models that help traders measure and quantify various risk exposures within a portfolio. This contributes to better risk management and the implementation of mitigation strategies. - Backtesting and Optimisation: Traders can backtest quantitative models using historical data to assess their performance under different market conditions. - Objective Evaluation: Quantitative models provide an objective evaluation of market conditions, helping traders remove emotional biases from their decision-making processes. - Incorporation of Multiple Variables: Quantitative models can incorporate a wide range of variables simultaneously, allowing traders to analyse complex relationships and factors influencing financial markets. Some Drawbacks Along with the benefits of quantitative models, they also have some pitfalls that traders need to consider. - Data Dependency: One of the primary drawbacks is the heavy reliance on the quality and availability of numerical data. Inaccurate, outdated, or incomplete data can compromise the integrity of the analysis. - Complexity: Quantitative analysis methods and models can be inherently complex, demanding a high level of expertise for development, interpretation, and action. This complexity poses a challenge in interpreting findings effectively. - Incomplete Perspective: The absence of qualitative insights may result in having the 'what' without a clear understanding of the 'why' or 'how.' Qualitative analysis becomes essential to complement this inherent blind spot. - Over-Reliance on Historical Data: Quantitative analysis often relies extensively on historical data to predict future outcomes. However, rapidly changing markets or unforeseen circumstances can break an established pattern. Specifics When Applying Quantitative Analysis in Cryptocurrency* Trading At FXOpen, you can trade currency pairs and cryptocurrency* CFDs. Applying quantitative analysis to cryptocurrency* trading involves unique considerations due to the distinctive characteristics of the cryptocurrency* market. - Volatility and Liquidity: Quantitative models used in cryptocurrency* trading need to account for the rapid price fluctuations in crypto* assets and ensure that strategies are adaptable. - 24/7 Market Operations: Cryptocurrency* markets operate 24/7. Quantitative models must be designed to function seamlessly in continuous trading environments. - Data Sources and Quality: Cryptocurrency* markets rely heavily on data from various exchanges. Ensuring the accuracy and consistency of data from these sources is crucial. For newly launched projects, historical data may be missing completely. - Market Sentiment Analysis: Cryptocurrency* markets are strongly influenced by sentiments and news within the crypto community. Quantitative models may benefit from incorporating sentiment analysis tools to gauge the overall mood. Concluding Thoughts Quantitative analysis stands as a powerful tool in a trader’s arsenal, offering systematic methodologies to navigate the complexities of financial markets. By acknowledging both the strengths and limitations, market participants can harness the full potential of quantitative analysis methods, integrating them strategically and as a complementary element to qualitative insights for more comprehensive decision-making. Ready to test some quantitative trading strategies? You can open an FXOpen account and try out the possibilities. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2