EURUSD -> dont trust me, i have no clueSurely Mr. Donald himself will sort it out – after all, since he's the one who caused it, who better to step in and fix things?
USDEUR trade ideas
EURUSD ON The Rise BUYEURUSD Looks like it will make a good move and here are the details
the market is trading on 1.0720
Baise >>> Bullish
Goal >>> 1.0793
Recommended Stoploss 1.0687
Time Frame 8H Signal
EURUSD Downits is clear, because of positive effect of winning presidency by trump, USD in all pairs will be bullish, but even in this situation don't forget to set stop loss and money management
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07800 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07800 support and resistance zone.
Trade safe, Joe.
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.
Eurusd Monthly possible escenarioI think that Eurusd made a strong expanding diagonal since 1970 to 2008. ( rare but not impossible ) This diagonal was made only of corrective waves. Then , 2008 crisis began. Eurusd start it's bearish trend as what it seems also a Diagonal, but this time contractive ( wave A )
It seems to me that we are in the pullback of a shoulder head shoulder created from 2015 to 2022, and we haven't broke Bollinger upper band yet. Volume also confirms the breakout and bearish divergence usual in waves 5. We haven't reach 61.8 % fibo yet, and we hace strong liquidity in that area.
Is Eurusd ready to crash? Let's see....
EUR/USD HUGE UPDATE | Trump USD Effect To Last?As results come in, USD strength has slapped the EURUSD down lower, as it has across as other major USD pairs.
We know there has been recent ECB hawk rhetoric about a careful lowering of rates, and that sentiment still exists. We just hit a major Price Action level to the downside also feeding into some short profit taking / long side new entries.
The Trump factor is because it is believed rates may also lower in the US slower than expected due to an inflationary effect.
So, that creates more of an even keel.
Long bias therefore in proportion with risk level overall. Looking for decent moves to the upside to trend trade, should reversal occur.
Yearly Support areaWill the price manage to respect the yearly support area, or its the 4th subwave over yet and we will continue to finish wave 3?
EUR / USD _ Distribution _ Prices _ Under _ Trading _ Venue _ OAEUR / USD _ Distribution _ Prices _ Under _ Trading _ Venue _ OANDA.
99.9% Struggle how to trade Forex , because when it come to Forex you must be a master of reading numbers. I will show you a simple strategy!
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1st Execution = 1.08801
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Drop = $1.08801
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Next Execution = 1.09788
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Drop = 1.08401
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Breakout = 1.11628
EURUSD: A Strong Move is Expected to move Big! Dear Traders,
EURUSD has reversed successfully now we think price is going to create all time high, taking price to record yearly high. With four targets are set, you can set the target accordingly to your risks. Use proper risk management.
EURO - Price can enter to resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew inside rising channel, where it broke $1.1070 level and rose to resistance line.
Then price made a correction, after which continued to grow, but when it reached resistance line again, EUR turned around.
After this, price started to decline inside pennant, exiting from channel as well, and also soon broke $1.1070 level.
Next, price fell until to support line, which coincided with $1.0760 level and at once bounced up.
Euro rose to resistance line of pennant and then made downward impulse, exiting from pattern and breaking $1.0760 level.
Now, I think that price can grow to resistance area, where it reaches resistance level, and then bounce down to $1.0550
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EURUSD | 06.11.2024BUY 1.07550 | STOP 1.06900 | TAKE 1.08200 | Long positions are relevant above the level of 1.0760. We expect the beginning of an upward trend towards the level of 1.08200 - 1.08500.
The Best Level to Short EURUSD TP +120/+240 pips🔸Hello traders, let's review the 6hour chart for EURUSD today. As expected previously we are getting a normal bounce off the fresh demand zone
at 0800 currently closing on heavy overhead mirror s/r resistance.
🔸This setup falls in-line with my strategic outlook for EURUSD
which is targeting 0500, review via link:
🔸Key mirror S/R detected at 0925/0945, most likely further upside
is very limited in EURUSD so expecting fresh sell-side pressure and
reversal from the key s/r zone. Bears will target fresh demand zone
near 0700.
🔸Recommended strategy for EURUSD traders: focus on short selling high near 0925/0945 price cluster SL fixed at 40 pips TP1 +120 pips TP2 +240 pips final exit at 0700. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 0700. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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. 📊✅
EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.07314
Wish you good luck in trading to you all!
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.
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!❤️
DeGRAM | EURUSD pulled back to the support levelEURUSD is between trend lines under an ascending channel.
After a decline in the channel, the chart formed a reversal harmonic pattern.
The price has reached the support level, which coincides with the correction level and already 3 acted as a rebound point.
We expect a rebound after the support retest.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Sell Eur/USDConsidering Trump's victory in the US elections and the strength of the US dollar from the set range, look for the opportunity to sell
The initial profit limit is specified, but you can withdraw part of your profit and leave your trade open
be profitable
EU DROP?The overall bearish trend is in succession and will likely continue. Price still needs to break a significant daily level to confirm a further downslide.
ONLY TIME WILL TELL
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!
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.
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