EURUSD Wave 5the price made a perfect sequence with the fibonacci ratio. will go up at leat to 1.09377Longby edoyuwon1909224
EURUSD continues bullish trendThe pair is carrying on its bullish momentum after forming another Higher high and Higher low. Entry can be taken at the current price as the bullish candle has confirmed the higher low. There is no divergence on the RSI. SL: 1.08207 TP: 1.09480 Risk: 0.5%Longby jabranstwocents224
EURUSD - NEW BREAKOUT ! As we talked in the previous analysis: The price has pulled back to The Resistance Line. At the moment, the market broke the resistance level (1.08375 - 1.08851). This key level becomes a new support level ! So, I expect a bullish move 📈 ---------------- TARGET: 1.09460🎯Longby Hsan_BenhmedUpdated 7716
Lingrid | EURUSD short-term pullback from the RESISTANCE zoneThe price perfectly fulfilled my previous idea. The price reached the target zone in my previous forecast. FX:EURUSD recently broke a previous high, triggering a surge in its upward momentum. As it approaches the next resistance level, which previously witnessed a bearish reversal in March, we can expect a potentially choppy move around this region. With the price trading near the previous month's high, the market is poised for a short-term pullback from the resistance and channel border. I anticipate a fake breakout, which could lead to a brief correction. My goal is the support level around 1.08700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby LingridUpdated 3316
GBPUSD - sell hi. i will add more and last sell postion from this area . because i keep my strategy Shortby KronFX444
EURUSD: ECB rate decisionThe Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from market estimate of 95.9. GDP growth rate, second estimate for Q1 remained at the same level of 1.3% q/q, and was in line with forecast. The Ifo Business Climate in Germany in May was a bit lower from market estimate of 90.4, ending the month at level of 89.3. The GfK Consumer Confidence in Germany in June was at level of -20.9, a bit better from forecasted -22.5. Inflation rate in Germany preliminary for May was 2.4% y/y in line with market expectations. Retail Sales in Germany were standing at -0.6% on a yearly basis in April, a bit better than the -1.9% posted for the previous month. Import Prices in Germany increased in April by 0.7% for the month. Inflation rate in the Euro Zone flash in May was standing at 2.6%, a bit higher from market expectations of 2.5%. Core inflation was standing at 2.9% y/y. For one more week the eurusd currency pair was moving within a relatively short range. The US PCE data were in line with market expectations, in which sense, there was nothing new to price. The highest – lowest weekly range was between levels of 1.078 and 1.088. The currency pair is ending the week at level of 1.084. In line with the low market movements, the RSI was also moving within a short range, around the level of 56-60. Based on the indicator, it seems that the market is still not ready to start a round toward the oversold market side. Moving average of 50 days is slowly diverging from its MA200 counterpart, however, within quite a short distance. PCE data did not provide any surprises to the market during the previous week, however, the week ahead might bring back some higher volatility. In the first place there will be an ECB Meeting and rate decision. The markets are quite optimistic that the ECB might cut its interest rates in June, taking into account inflation which is coming down, and close to 2% target. Still, some surprises might be possible, in case ECB members decide to hold rates a bit longer. On the US side, non-farm payrolls and unemployment rate for May will be posted in a week ahead. In case of any surprises which diverge from market expectations, there might also be some higher volatility. During the previous period, eurusd tested 1.08 resistance line on several occasions. Although breached, there has not been market strength to push the currency pair toward 1.09 level. On the opposite side, the market was testing 1.07 levels, and again was not able to break to the levels below. The week ahead might bring some changes to the current range. This will depend on both ECB decisions, and macro data in the US. Current charts are looking bearish for the week ahead. The next long term support line stands at 1.067, however, it will take more than one week for this level to be reached. At the same time, there is some probability that the market will test 1.09 for one more time, before it starts its final road toward the 1.07 down to 1.067. Important news to watch during the week ahead are: Euro: Unemployment Rate for Germany in May, ECB Interest Rate Decision, ECB Press Conference after the ECB meeting, GDP Growth Rate 3rd estimate for Q1 for the Euro Zone, USD: ISM Manufacturing PMI for May, ISM Services PMI in May, Non-farm payrolls for May, Unemployment Rate for Mayby XBTFX1113
Euro is clearly bullish an it can go up to the PMHThe Euro took the previous week's low last week. Breaker which took it out and H4 IVG could support the price. In the Cot data, we can see that MM added huge longs during this 2 weeks consolidation. Now I'm expecting an expansion weekly candle up. I will be looking for a long on Monday. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Longby Dave-FX-HunterUpdated 1112
EUR/USDTechnical Analysis: EUR/USD The second scenario is to break the zone with a powerful candle in the range of 1.07882. Entry prices: 1.08557 1.07994 Profit limit: 1.06920 Loss limit: 1.09238 1.08400 Before using this signal and analysis, be sure to check your analysis chart. Attention!!! In these analyses, only technical analysis is considered So be sure to check the basic news before entering. Attention!!! 100% does not exist in financial markets So don't enter this signal hoping for a definite profit.Shortby ZADERAMEZAN-FX221
EURUSD H4 Mega Uptrend AheadHello Traders I believe we are in what I call as a Mega trend. we saw early signs of bears failing who sold at around 1.08000 to start a down trend, yet they failed and price kept going higher. hence its my humble opinion that we have to look for higher target which leads us to some sort of move on the daily timeframe. in my opinion mega trends rarely give opposing traders any opportunity to make swing money so its my advice only to look for buys until we get to take profit 1 which I've plotted as a box.Longby deadparkcity331
EURUSD 1H Short Trade - 1:6 RRRPair: EURUSD Action: Sell RRR: 1:6 SL: 1.08999 TP: 1.06817 Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Shortby panjikadarUpdated 1112
BUY EURUSD 03/06After reacting to the Fibonacci 0.62 by the pips last Thursday, the EURUSD seems to be moving up again. I'm buying it. We've just returned to the 0.5 and 0.62 Fiboanacci levels. In my opinion, this represents a good entry point, and we'll see how the price reacts. I'll be even more bullish on the EURUSD once we've recovered to 1.08894. This level is my target for the start of the week. Feel free to subscribe and boost this post if you enjoyed my analysis, and let me know what you think! Good trading and happy week :)Longby InfiniteY1112
EURUSD ShortJust look at the charts, do your due diligence, not financial advice, no im not motivated to go into detail, y'all adults and traders. This is more of an inspiration to guide where you need to go. I could be wrong or could be right, so be careful taking advice, my previous EU stopped out but hit TP LOL.Shortby PepeJTheTraderUpdated 1110
EURUSD: IntradayDear traders! A mid-term channel is clear in the chart. A short-term channel is also there! Any breaking below the bottom of short-term channel is hunting liquidity as long as we are perfectly over the zone! Any breaks below the zone alter the bearish scenario! Remember that Final Manufacturing PMI release if USA could change the market direction.Longby AliSignalsUpdated 1111
EURUSD Trading Plan Day 3/6/24Here is the some trading signals for you .. Buy Zone :-1.07400-1.07200 SL:- 1.06900 SELL ZONE :1.09300-1.09500 SL :-1.09800 BreakOut and retest:- 1.08800 and 1.8000Longby Oliver_Targets1121
EUR/USD:Potential Market Movements Ahead of Key US Economic DataOn Monday, EUR/USD reached its highest level since late March, surpassing 1.0915. However, after making slight gains during the Asian session on Tuesday, the pair lost momentum and fell below this level. Market participants are now focused on the April JOLTS Job Openings data from the US, set to be released later today. US Economic Indicators On Monday, data from the US revealed that the ISM Manufacturing PMI dropped to 48.7 in May from 49.2 in April, indicating that business activity in the manufacturing sector continued to contract at an accelerating rate. Furthermore, the Prices Paid Index, which measures inflation, decreased to 57 from 60.9. Following the release of the PMI report, the US Dollar (USD) experienced significant selling pressure, aiding the EUR/USD in pushing higher. Federal Reserve Rate Expectations The probability of the Federal Reserve (Fed) maintaining its policy rate unchanged in September dropped to 40% from nearly 50% before the PMI data, according to the CME FedWatch Tool. This shift in expectations has influenced the market sentiment towards the USD. Upcoming JOLTS Job Openings Data Today's release of the US JOLTS Job Openings data will be crucial. If the data falls below expectations, it could trigger another upward move in EUR/USD. Currently, the price is finding support levels, while the optimistic forecast for JOLTS Job Openings suggests potential strength for the USD. Strategic Trade Setup In anticipation of potential market reactions, we have placed two Buy Limit orders to capitalize on possible pullback areas for the EUR. These orders are set to engage if the price dips, positioning us to benefit from a subsequent upward movement. In summary, the EUR/USD pair's movements will be significantly influenced by today's JOLTS Job Openings data. Traders should watch for deviations from forecasts, as this will likely impact both the EUR and USD.Longby FOREXN1Updated 3311
EURUSD: Continue to search for a new peak!The US Dollar (USD) traded defensively at the start of the week, providing a boost to risk-related assets and encouraging EUR/USD to continue its ongoing recovery, approaching the key barrier of 1.0900. The pair has risen for the third consecutive day due to the weakening USD and a notable decline in US yields across the board. Looking ahead, an initial recovery in some fundamental economic factors in the Eurozone, combined with the slowdown in the US economy, is narrowing the monetary policy gap between the Fed and the ECB, thus supporting the EUR/USD recovery. However, in the long term, the possibility of the ECB cutting rates before the Fed suggests that EUR/USD could weaken further in the coming months.by Trader_BrianFXUpdated 119
A volatile week ahed - EURUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck! Shortby TheForexMessiah2225
EUR/USDEntry point: 1.08842 {For more certainty, it is better to break the trend line first.} Profit limit: 1.08611 1.08293 1.08107 This is technical analysis regardless of fundamental analysis So consider the basics. {{{{!!!!!!!! }}}} Remember that there is no 100% in financial markets and these are just one person's ideas.Shortby ZADERAMEZAN-FXUpdated 228
Order Blocks and Breaker Blocks and How To Trade ThemOrder Blocks and Breaker Blocks and How To Trade Them In the intricate world of trading, especially within the forex markets, understanding the mechanics behind order blocks and breaker blocks is paramount. These concepts, rooted in the actions of institutional participants, offer a window into the potential future price movements. In this article, we’ll explore what these critical areas are and how to use them effectively. What Is an Order Block in Trading? An order block, also known as a supply or demand zone, represents a significant area on the price chart where large market participants, such as banks or institutional traders, have placed substantial buy or sell orders. They’re crucial in understanding the flow and direction of an asset, as they often precede notable movements in price. Particularly in the realm of forex, where the magnitude of transactions can be immense, identifying these zones can provide traders with a strategic edge. A bullish order block, or demand zone, is identified during a downward price movement and is the area where the last bearish candle before a substantial upward price movement occurs. This indicates that institutional buyers are stepping in, absorbing sell orders, and preparing to push the price higher. Traders eyeing bullish order blocks anticipate these areas as potential points of interest where price may find support, thus offering a strategic entry point for long positions. Conversely, a bearish order block, or supply zone, is found during an upward price movement and is characterised by the area where the last bullish candle appears before a significant downward price shift. This suggests that institutional sellers are overwhelming buyers, likely leading to a decrease in price. Bearish order blocks signal potential resistance zones, presenting opportunities to enter short positions in anticipation of a downward price trajectory. In both instances, they typically create an impulse move that breaks a nearby high or low to continue or start a given trend. When the market returns to these areas, they often prompt a reversal of the short-term trend and a continuation of a higher timeframe trend. Order blocks in forex are particularly telling due to the high market liquidity and the sheer volume of trades. Recognising these areas allows traders to align their strategies with the likely actions of major institutional players, potentially leading to more informed and effective trade decisions. Why Order Blocks Work These blocks work because they tap into the underlying dynamics of supply and demand, reflecting the actions of large institutional players whose trades can significantly impact price direction. They’re essentially snapshots of where significant buying or selling pressure has accumulated, offering clues to future price movements. When a market approaches a supply or demand zone, the likelihood of a reaction—whether it's a continuation or reversal of the trend—increases because these levels are where institutional traders have previously shown interest, either by initiating large positions or placing take-profit orders. Finding and Using Order Blocks Now, let’s take a closer look at how to identify and use order blocks for trading. Identifying Order Blocks Traders often start by analysing historical price charts to locate order blocks. Typically, these are found where there was significant trading activity, often in the form of a consolidation, followed by a strong directional price move. A bullish order block is where the last bearish candle in a downtrend occurred before a sharp rise. Conversely, in a bearish order block, traders identify the last bullish candle before a significant fall. Note that order block candles visible on a higher timeframe tend to be more probable. Similarly, a small high-low range on a lower timeframe would appear as a single candlestick on a higher timeframe, meaning that the entire range can be plotted as a supply or demand zone. To have a go at spotting your own order blocks, head over to FXOpen’s free TickTrader platform and interact with our real-time charts. Incorporating Order Blocks into a Trading Strategy Incorporating order blocks into a strategy involves observing how the price behaves as it approaches these marked areas. Traders typically watch for price reactions near these zones, using them as indicators of potential entry or exit points. For instance, a price bounce off a demand zone may signal a good opportunity to go long, anticipating upward momentum as institutional interest possibly resurfaces. Traders might also combine these areas with indicators and other analysis tools, such as moving averages or Fibonacci retracements, to validate their signals. This multi-faceted approach helps in fine-tuning entry and exit strategies, potentially increasing the likelihood of effective trades. Risk Management As with any strategy, it's crucial to practise sound risk management when trading with order blocks. Traders often set stop-losses just outside the zone with the assumption that institutional players won’t let the market trade beyond this point. However, when these zones fail, they become known as breaker blocks. Understanding Breaker Blocks in Forex In the realm of forex, understanding the concept of breaker blocks can be crucial when it comes to identifying potential reversals and continuations in trends. Breaker blocks emerge from the failure of order blocks. When these supply or demand zones do not hold, and the market structure shifts, breaker blocks are formed, marking significant levels to watch. A bearish breaker block occurs after a bullish order block fails. This typically happens when there's an upward trend, and a certain level that was expected to support the market's rise instead gives way, leading to a sharp decline. This decline indicates that sellers have overcome the buyers, absorbing liquidity and shifting the sentiment from bullish to bearish. Conversely, a bullish breaker block is formed from the failure of a bearish order block. In a downtrend, when a level that was expected to act as resistance is breached, and the price shoots up, it signifies that buyers have taken control, overpowering the sellers. In both scenarios, price often retraces to the failed zone before continuing the newly formed trend. Finding and Using Breaker Blocks To harness the power of breakers, traders adeptly identify these pivotal points and integrate them into a coherent strategy. Identifying Breaker Blocks The first step involves scrutinising price charts for significant reversals that follow the failure of established supply or demand zones. A bearish breaker block, for instance, would be marked by a sudden decline after a bullish trend fails to sustain, trading through a bullish order block, and vice versa. The most notable breaker blocks are often the order blocks that stand out visually or would need to stay intact if a given trend is to continue. When they fail, they can then be plotted as a valid horizontal level to look for a retracement before a potential move away. Strategic Application Once identified, these zones can be strategically employed as markers for potential trade entries. For a bearish breaker, traders might consider short positions, anticipating further declines as price retests and rejects the previously failed support level. Conversely, a bullish breaker suggests a potential long position as the market may continue to rise, having breached a significant resistance. Combining Order Blocks and Breakers Combining these two ideas offers a nuanced approach to forex, especially when integrating the concept of liquidity voids or fair value gaps. These gaps occur when the price makes an impulsive move away from an order block without retracing, potentially marking areas for future reversals. This strategy shines in trending assets, where the directional momentum aligns with the formation of these critical zones, offering potential entry and exit signals. Trending and Ranging Markets In a trending market, order blocks that prompt sharp price movements away can be key areas to mark for a trend reversal. These marked zones can indicate where significant buying or selling pressure originated, offering potential entry points. However, it's essential to recognise that in a ranging or consolidating market, they might not hold as expected. The Role of Breaker Blocks When institutional interests shift, leading to the failure of an order block to act as support or resistance, this is where breaker blocks come into play, becoming a critical level to watch. Particularly after a sudden move, if a supply or demand zone ripe for reversal is now too far away to see an immediate retracement, the breaker serves as a strategic entry point ahead of a trend continuation. Setting Market Direction with Breaker Blocks Breaker blocks not only signal potential entry points but also help set market direction. The breach of an order block by price action indicates a strong likelihood that the asset will continue in that direction, underscoring a shift in institutional interest. When price trades through an order block, showing no signs of halting, it suggests a path for the trend, offering traders insight into the prevailing momentum. Limitations of Order and Breaker Blocks While order and breaker blocks provide insightful strategies in navigating forex markets, they come with limitations that traders should be aware of: Market Volatility: High volatility can disrupt the reliability of these zones, leading to false signals. Institutional Disguise: Large market players may mask their activities, making it challenging to identify genuine order or breaker blocks. Lagging Indicators: These areas are based on past price behaviour, which might not always be effective when analysing future movements. Overreliance: Solely depending on these strategies without incorporating other analyses can lead to missed opportunities or misinterpretations. The Bottom Line Navigating the forex market with an understanding of order and breaker blocks can help refine your trading strategy, offering insights into institutional movements and potential market reversals. For those ready to apply these insights in real-time trading, opening an FXOpen account offers a gateway to the dynamic world of forex, connecting you with global markets and potential opportunities. FAQs What Is an Order Block in Trading? An order block refers to a price area on the chart where significant buy or sell orders were previously placed by large institutional traders. These zones are key to identifying potential support or resistance levels, providing insights into future price movements. What Is a Breaker Block in Trading? A breaker block is a concept that emerges when an order block fails, leading to a change in market structure. It signifies a pivotal point where the market shifts direction, offering traders opportunities to enter trades based on anticipated trend continuation. How to Identify Order Blocks? Order blocks can be identified by analysing price charts for areas where there was significant trading activity, followed by a strong directional movement. Traders look for the last bullish candle before a downturn for a bearish block, or the last bearish candle before an uptrend for a bullish block, indicating potential zones of interest for traders. 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.Educationby FXOpen228
EUR/USD: Potential Rebound from Consolidation ZoneThe EUR/USD pair remains in a sideways movement following the profit realized from our previous analysis. The price reversed during the latter part of Friday after US data revealed that inflation, as measured by the Personal Consumption Expenditures (PCE) Price Index, increased by 2.7% year-over-year in April, consistent with March's figures and market expectations. Today, the price is approaching the 50% and 61.8% Fibonacci retracement levels within this consolidation zone, indicating a possible rebound following the release of the US PMI data later today. Current forecasts suggest a bearish sentiment favoring the US Dollar. Key Economic Indicators Later today, the US economic docket will feature the ISM Manufacturing PMI data for May. Investors anticipate an improvement in the reading to 49.8 from April's 49.2. A reading above 50 would indicate a return to expansion territory for business activity, potentially supporting the USD in the latter half of the day. Conversely, if the data meets or falls below expectations, a price rebound from the indicated area is likely. Technical Analysis: Footprint Chart Insights The footprint chart shows a block of buy orders that could be triggered in correlation with limit orders, supporting a potential price rebound. This aligns with the anticipated market reaction to today's PMI data, making this a critical area to watch for possible bullish movement. In summary, keep an eye on the US PMI data release today, as it will play a pivotal role in determining the EUR/USD movement. The technical setup and current forecasts suggest a potential rebound from the consolidation zone, depending on the PMI results.Longby FOREXN1Updated 339
EURUSD SELLEuro / U.S. Dollar chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.Shortby iqbalkhan06Updated 117
EURUSD: Your Support & Resistance Levels For Next Week 🇪🇺🇺🇸 Here is my latest structure analysis and important key levels to focus on EURUSD next week. Resistance 1: 1.0880 - 1.0896 area Resistance 2: 1.0921 - 1.0942 area Resistance 3: 1.0947 - 1.0982 area Support 1: 1.0788 - 1.0800 area Support 2: 1.0723 - 1.0748 area Support 3: 1.0649 - 1.0666 area Support 4: 1.0600 - 1.0619 area Consider these structure for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader3319
Euro can rebound from support level and start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it rebounded from the support line and rose to the resistance line, after which continued to decline near this line. In a short time, EUR fell to a support level and even made a fake breakout of it, after which turned around and made a strong upward impulse, exiting from the downward channel. Then price almost reached the resistance level, turned around, and fell lower 1.0810 level, breaking it. But then, EURUSD turned around and started to grow inside an upward pennant, where it broke the support level again and later the resistance level too, reaching the resistance line of the pennant. After this, the price bounced down, breaking the 1.0890 level, which coincided with the seller zone again. But then, the price tried to back up and even made a fake breakout of this level, after which made impulse down, exiting from the pennant. Now, I think that the Euro can decline to a support level and then start to grow, therefore I set my target at 1.0870 points. Please share this idea with your friends and click Boost 🚀Longby LegionQ8116