EURUSD buyIf last CPI 30 min candle and above H4 fvg breaks I am going to buy with 50 pips target till last NFP 30 min candle opening price!
USDEUX trade ideas
EURUSD awaiting newsEURUSD continues to move sideways ahead of the upcoming USD news.
This will be the last major news event of the year.
The range will most likely continue today, with larger fluctuations expected tomorrow.
Support levels remain at 1,0445 and 1,0400, while the first resistance is at 1,0600.
Keep an eye on the reaction to these key levels during the news release!
In moments like these, the Volatility Trading System will bring you the best results!
EURUSD 1H LongEUR/USD 1-hour chart shows a reversal trade setup price action wise as price failed to make new lows. Price initially broke above the red Ichimoku cloud but failed to hold, signaling a bearish rejection at cloud resistance. The Kijun-Sen (red line) acted as dynamic resistance, while the price retraced and showed rejection near this level. This, combined with the bearish candle formation, suggests a potential reversal to the downside, with the cloud and Kijun-Sen providing technical confirmation.
EURUSD retracment into Daily iFVGEuro USD is looking bullish to me And continue it’s trend. Be vigilant with risk management and look for price action when it falls into our trade zone. Good luck everyone and have nice trading.
EURUSD M30 I Bullish Rise?Based on the M30 chart analysis, we can see that the price is falling to our buy entry at 1.0488, which is a pullback support that aligns with the 78.6% Fibo retracement.
Our take profit will be at 1.0521, a pullback resistance.
The stop loss will be placed at 1.0465, which is a pullback support level.
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EUR/USD Bearish Divergence Setup with RSI Double Top ConfirmatioAnalysis Overview:
I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI.
Key Observations:
1-Hour Chart (H1):
The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous highs.
I am observing that while the price continues to climb, the RSI is nearing overbought levels, which often signals exhaustion.
15-Minute Chart (M15):
I am monitoring for a possible RSI double top while the price continues to make higher highs.
If the RSI fails to break above its previous peak, this could confirm a bearish divergence and signal a potential change in price direction.
Trading Plan:
Confirmation Trigger: I will wait for the RSI to form a clear double top pattern on the M15 chart, while the price continues to push higher, creating divergence.
Entry: A bearish signal will confirm entry near the resistance zone (1.0540 - 1.0573).
Stop Loss: Above the resistance zone at 1.0573.
Take Profit: Targeting the next support area around 1.0485.
The setup focuses on bearish divergence between the RSI and price action. If the RSI confirms a double top while price reaches resistance, this would strengthen the case for a reversal and a potential short trade.
Monitoring the M15 chart for confirmation will ensure precision in entry timing.
EURUSD Trading Journal Summary of Dec 16 Price actionEURUSD Trading Journal
Summary of Dec 16 Price action
Price opened in Asia in premium that creates a nest of equal ST equal highs. At 3 in London and by 4 breaks down to take the ST equal lows and swings down past the 50% from the previous days range and takes the noted FVG.
In NY Price swings back and forth between the .79 and 50 levels taking the equal lows and comes into the FVG to rebalance but just wicks through. By 10 rallies back up to .79 level by 1pm. To close NY in a premium.
Price swings at 4 and 10 are both 38pips. NEAT.
This pair experienced 3 red folder drivers so I decided to tape read. I am happy to analyze it seeking the ST equal lows/highs and rebalance the FVG and which macros price is reacting.
#EURUSD - 17122024EURUSD made a good down move to the buy level and closed higher as per plan given. Overall, I am still bullish for a move higher; could see a pullback to PZ for a long for a move higher, with 1.0565 as near term price target.
EURUSD WeeklyAt some point, the selling pressure on the Euro has weakened and the time for liquidity to come in is approaching. According to this possibility, given the formation of a support zone, we can expect the Euro to rise against the Dollar.
Sasha Charkhchian
Buy buy buyThis is my opinion and it may be 100% wrong, so follow the moneymanagement. It seems that wave C has been completed and the big upward trend has started. Elliott is never wrong if it is used correctly. I hope I got it right this time too.
EUR/USD Analysis: Bearish Outlook Amid Strong SupportWith Trump’s win likely strengthening the U.S. dollar, EUR/USD has reached a notable support level that has held firm over the past year. This level may lead to a short-term bounce, but continued downside is possible due to factors like holiday spending patterns, potential new sanctions on China, and renewed confidence in the new administration. I’ll be watching for a possible move down to the 1.04 level if further bearish momentum builds.
Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis:
================
A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips.
The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past).
Fundamental Analysis:
===================
1) Santa Clause Rally :
For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR
2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties
There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction.
Note: A trade idea I post here is also my trading journal.
Euro and Pound get some help from PMI reads | FX ResearchSolid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall we haven't seen much activity in markets so far on Monday. ECB President Lagarde commented that domestic inflation remains too high, but price momentum in the services sector has dropped steeply recently. Euro gains from the economic data were also offset by Moody's recent downgrade of France's credit ratings.
In the UK, a strong round of PMI readings provided a boost to the pound. The focus now shifts to the North American session, which features US flash PMIs, Empire Manufacturing, and Canadian housing starts.
Germany snap election risks EUR/USD Germany, Europe’s largest economy, is now under a caretaker government.
Chancellor Olaf Scholz lost a confidence vote in the Bundestag on Monday, paving the way for a snap election in February.
Key issues in the upcoming campaign are expected to include the war in Ukraine, the financial demands of strengthening Germany’s military, a struggling economy, immigration, and the growing influence of political extremes.
Amongst this turmoil, technical indicators possibly lack sufficient strength for a bullish confirmation. A break below 1.0460, a key support level, could open the door to a bearish move toward 1.0400.
EURUSD Bullish DirectionEURUSD With Specific Targets.
Current Price 1.05000
Sell Entry Bearish Pattern
1st Target 1.05681
2nd Target 1.05950
This Trade setup Appears to be Focused on The idea EURUSD Reverse to Moving the Down Side.
You Can See more details in the chart.
EURUSDPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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EURUSD SELLEURUSD Based on this Frame to sell
Near Price Breakout after the Support Zone 1.04200
If You Enjoy this forcast so Please like and Comments
A Guide for Beginner Traders: Navigating the Markets Safely.Welcome to the world of trading! Whether you're just starting out or looking to improve your skills, this guide is for you. Trading can be exciting and rewarding, but it's crucial to approach it with the right knowledge and mindset. Let's dive into the essentials you need to know to trade safely and effectively.
Understanding the Basics
It’s really concerning to see how many beginner traders, or even people with no prior knowledge, are getting misled by false signals and scams in various groups like Telegram and Discord. Following bad advice can lead to significant financial losses, false confidence, and emotional stress. Learning the fundamentals is essential to navigate the markets independently and avoid these pitfalls.
Why Understanding the Basics Matters
Empowerment: Learning to use indicators empowers you to make your own trading decisions. Instead of relying on others for buy or sell signals, you gain the ability to analyse market conditions and determine the best course of action.
Risk Management: Proper knowledge helps you manage risks better. You'll learn to spot potential market reversals and adjust your positions to protect your capital.
Market Insights: Indicators offer valuable insights into market trends, momentum, volatility, and volume. This information helps you identify trading opportunities, spot trends early, and avoid potential pitfalls.
Confidence Building: Understanding how trading works boosts your confidence. You'll be less likely to make impulsive trades based on emotions or unverified advice.
Key Concepts and Tools to Learn
Let's break down some essential concepts and tools to get you started:
Indicators and Technical Analysis:
Moving Averages (MA): These smooth out price data to help identify trends. The Simple Moving Average (SMA) calculates the average price over a specific period, while the Exponential Moving Average (EMA) gives more weight to recent prices.
Relative Strength Index (RSI): This momentum oscillator measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, while an RSI below 30 indicates oversold conditions.
Moving Average Convergence Divergence (MACD): This indicator shows the relationship between two EMAs. When the MACD line crosses above the signal line, it suggests a bullish trend; crossing below indicates a bearish trend.
Bollinger Bands: These measure market volatility and provide a range within which the price is expected to move. The bands expand and contract based on market conditions.
Volume Indicators: Tools like On-Balance Volume (OBV) and Volume Moving Average (VMA) help assess the strength of a price move.
Developing a Trading Strategy:
Research and Education: Continuously educate yourself about the market. Read articles, watch webinars, and join trading communities.
Back testing: Before applying your strategy in real-time trading, test it using historical data. This helps you refine your approach and gain confidence in your trading plan.
Risk Management: Determine how much you're willing to risk on each trade and stick to it. Use stop-loss orders to limit potential losses.
Avoiding Common Pitfalls:
Overtrading: Trading too frequently can lead to unnecessary losses. Focus on quality over quantity.
Following Unverified Signals: Relying on signals from unverified sources can be risky. Learn to analyse the market yourself.
Emotional Trading: Trading based on emotions rather than analysis can lead to poor decisions. Stay disciplined and stick to your strategy.
Conclusion
Trading can be a rewarding journey, but it's essential to approach it with the right knowledge and mindset. By understanding the basics, developing a solid strategy, and avoiding common pitfalls, you'll be better equipped to navigate the markets. Remember, continuous learning and disciplined application of knowledge are key to long-term success.
Happy Trading! 🚀.
SELL EUROEUR/USD remains in a downtrend channel on the weekly timeframe and is currently in a correction/ rejection phase before the next big down movement to the lower channel below parity levels after a weekly close confirmation below a major support area at 1.05.
EURUSD MARKET ANALYSIS AND PRICE PREDICTIONEURUSD, has finished consolidating at the institutional renegotiation zone, decision has been taking in favor of the Bulls. Price has retraced to fill up imbalance, giving the Bulls a discount price of 75% to enter. Entry is now. Take Profit 1 is the FVG ahead, Take Profit 2 is the Renegotiation Resistance to Sweep the Buyside Liquidity.
Entry, Take 1&2 , stop loss are clearly marked out on the chat.
GOOD LUCK GUYS!
ICT entry Entry - EURUSD
1, M3 bullish engulfing on FVG
2, ict said if news 11am NY open or 10.15am was the entry
3, Bos top retest on FVG reversal
4, Market structure shift
5, H4 fib above 61.8 fig and m5 61.8 fib - DXY bearish
EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts.
The ECB is expected to cut interest rates further by 100 bps next year.
Investors will keenly focus on the Fed’s dot plot for fresh interest rate projections in the US.
EU upside seen till 1,06i regard the blue channel as a right shoulder/extension of the inverted HnS
it is a bull fleg to me
on lower tf's the channel has been broken to the upside and retested
some tf's still have the 200sma above the price, price needs to break those to complete an upmove
The Importance of a Growth Mindset in TradingTrading is often seen as a high-stakes endeavor where markets can pivot dramatically, leaving traders with either significant profits or devastating losses. While technical analysis, market knowledge, and strategic planning are essential components of successful trading, one often overlooked factor that can greatly influence performance is the trader's mindset. Specifically, adopting a growth mindset is vital for anyone serious about trading. Let’s delve deeper into what a growth mindset entails, why it’s important, and how it can transform your trading journey.
What is a Growth Mindset?
The concept of a growth mindset was popularized by psychologist Carol Dweck, who defined it as the belief that abilities and intelligence can be developed through dedication, hard work, and perseverance. This contrasts with a fixed mindset, where individuals believe their talents and intelligence are static and unchangeable. In the context of trading, a growth mindset involves the following key attributes:
1. Embracing Challenges: Instead of avoiding challenging trading situations or difficult market conditions, traders with a growth mindset see these as opportunities to grow and learn. They understand that facing challenges head-on can lead to skill development and greater resilience.
2. Learning from Mistakes: Rather than viewing losses as failures or signs of inadequacy, those with a growth mindset analyze their mistakes to extract lessons. They use these insights to refine their strategies and decision-making processes, thus turning setbacks into powerful learning experiences.
3. Valuing Effort: A growth-oriented trader recognizes that consistent effort is critical in mastering the art of trading. They dedicate time to studying market trends, testing trading strategies, and continuing education to ensure they’re continuously evolving.
4. Seeking Feedback: Open to constructive criticism, traders with a growth mindset actively seek feedback from mentors, peers, and analyses of their own trades. This openness fosters an environment of continuous improvement.
5. Persistence: A belief in development encourages traders to remain persistent, even when faced with prolonged losses. They maintain focus on long-term goals and resist the temptation to give up easily.
Read Also:
Why a Growth Mindset is Essential for Traders
1. Navigating Market Volatility
The financial markets are inherently unpredictable, characterized by rapid fluctuations. A growth mindset allows traders to remain calm and composed under pressure. Rather than panicking during a downturn or an unexpected event, they approach the situation with curiosity, seeking to understand the underlying factors and exploring new strategies that can be implemented.
2. Enhancing Adaptability
Markets evolve, and strategies that may have worked in the past can become less effective over time. A trader with a growth mindset is adaptable; they recognize that flexibility is key to thriving in changing conditions. They frequently reassess their approaches and are open to integrating new tools, technologies, and methodologies into their trading arsenal.
3. Increasing Resilience
Trading is replete with emotional highs and lows. A growth mindset equips traders with the emotional resilience needed to cope with the inevitable losses and setbacks. Instead of being bogged down by failure, resilient traders bounce back quicker, armed with the understanding that every loss can serve as a stepping stone toward success.
4. Cultivating a Practice of Continuous Learning
The financial markets are a dynamic landscape filled with opportunities for education and growth. Traders with a growth mindset dedicate themselves to continuous learning, whether through reading books, attending seminars, or following market analysts. This pursuit of knowledge can lead to innovative strategies and a deeper understanding of market behavior.
5. Building a Supportive Network
Traders with a growth mindset tend to foster connections with like-minded individuals. They understand the importance of collaboration and knowledge-sharing. This network can serve as a source of inspiration, motivation, and support, which is critical when navigating the inevitable challenges of trading.
Read Also:
Implementing a Growth Mindset in Trading
1. Reflect on Your Beliefs
Identify whether you lean toward a growth mindset or a fixed mindset. Ask yourself how you typically respond to challenges, mistakes, and feedback. This self-awareness is the first step toward fostering a growth-oriented approach.
2. Reframe Your Thoughts
Start practicing cognitive reframing. When you encounter a setback, instead of thinking, “I failed,” try shifting your perspective to, “What can I learn from this experience?” By changing how you interpret setbacks, you can redefine your journey as one of growth and development.
3. Set Process-Oriented Goals
Focus on setting goals that emphasize learning and improvement rather than solely outcomes. Instead of aiming just for a specific profit target, you might set goals related to developing a new strategy, completing a trading course, or mastering technical analysis.
4. Embrace a Routine of Self-Reflection
After each trading session, take time to reflect on what went well and what didn’t. Maintain a trading journal where you document your thought processes, decisions, and emotions during trades. Regular reflection will help you internalize lessons learned and continuously develop your mindset.
5. Seek Mentorship and Community
Surround yourself with individuals who share a growth mindset. Engage with mentors, join trading groups, and participate in forums where members encourage one another to learn and grow. Learning from others' experiences can amplify your growth journey.
Read Also:
Conclusion
The world of trading is as much an emotional and psychological exercise as it is a financial one. Cultivating a growth mindset is vital to navigating this complex landscape successfully. By embracing challenges, learning from mistakes, remaining adaptable, and persisting in the face of adversity, traders can elevate their performance and ultimately achieve greater financial success. Trading is not simply about making money; it's about growth—both as a trader and as an individual. In a world that constantly presents challenges, a growth mindset empowers traders to thrive amidst uncertainty, turning obstacles into stepping stones toward their goals.
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