Possible EU playPossible EU Play During CPI and FOMC News. im abit on the sidelines on the Market but should be trading the news prior to price action of the above setupLongby lebogangseagi335
The latest developments of the EURUSD currency pairCurrently, EURUSD is trading within a narrow range after experiencing significant volatility in recent sessions. Investors are awaiting clear signals from the Fed regarding monetary policy and the latest economic data to guide market direction. EURUSD is currently fluctuating around the 1.2150 level, near important support and resistance levels. The MACD indicator shows ambiguous signals regarding the direction of this currency pair. Other indicators like RSI and Bollinger Bands indicate that the market is in a consolidation phase and waiting for further cues. In the short-term forecast, EURUSD may face downward pressure if the Fed announces stronger-than-expected support signals for the USD. Shortby Jesscica116
Will this gap be filled soon?Will this gap be filled? i Think it will and we are going higher, what everyone elses thoughts?Longby hags1235115
Trading Signal For EURUSD ForexTrading Setup: There is a Trading Signal to Sell in EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0792 ⭕️SL@ 1.0826 🔵TP1@ 1.0624 🔵TP2@ 1.0520 🔵TP3@ 1.0326 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignal114
EURUSD BUY NOW IN CASE IF YOU MISSED MY FIRST ENTRY TP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB114
EURUSD: Bullish Forecast & Bullish Scenario The recent price action on the EURUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals225
Trend Reversals and the Sushi Roll Reversal PatternTrend Reversals and the Sushi Roll Reversal Pattern Understanding trend reversals is essential for optimising trading and managing risks. This article delves into the concept of trend reversals, with a focus on the Sushi Roll reversal pattern—a sophisticated tool that helps traders anticipate significant market shifts—exploring its formation, context, and application. Understanding Trend Reversals As you know, a trend reversal indicates a change in the direction of a price movement, transitioning from an upward to a downward trajectory or vice versa. Recognising these reversals is crucial as they can signal opportunities to enter a trade or take profits. A reversal must be distinguished from minor retracements or "pullbacks," which are short-term movements against a prevailing trend that do not signify a long-term change. Traders analyse reversals through various technical indicators and chart patterns, which provide visual cues and statistical evidence of potential shifts in market momentum. Several well-known patterns signal trend reversals: - Head and Shoulders: This pattern appears at the peak of an upward trend and features three peaks, with the middle one being the highest. Its completion, marked by a price fall below the support level—the "neckline"—confirms a trend shift to the downside. - Double Tops and Bottoms: These patterns occur at the end of a trend and resemble the letter "W" (Double Bottom) or "M" (Double Top). A double top signals a move from an uptrend to a downtrend after failing twice to break through a resistance level, while a double bottom suggests a shift from a downtrend to an uptrend after failing to break a support level twice. Identifying and confirming these patterns with other analysis tools allows traders to make informed decisions about entering or exiting positions, aligning their strategies with the new trend direction. Thus, understanding and recognising trend reversals is an essential skill in a trader's toolkit. The Sushi Roll Reversal Pattern: An Overview The Sushi Roll reversal pattern is a lesser-known but valuable technical analysis tool for spotting potential market reversals. It can effectively be viewed as an expanded version of the engulfing candle setup. Originating from trader Mark Fisher's work, this trend reversal pattern forms over a span of ten trading bars and is utilised to anticipate shifts from an existing trend. The structure of the Sushi Roll pattern is distinctive from other stock reversal patterns (however, note that it applies to all types of assets, including forex, commodities, and crypto*). It consists of two consecutive five-bar segments. The pattern is identified when the range of the first five candlesticks (high to low) is fully contained within the range of the subsequent five candlesticks. This formation suggests a consolidation and potential volatility increase, signalling traders to prepare for a possible trend reversal. On higher timeframes, this pattern could manifest as just two or three candles, with the latter completely overshadowing the earlier price action, resulting in an engulfing candle pattern. Criteria for the Sushi Roll Reversal Pattern - Ten-Bar Formation: The pattern unfolds over ten bars on the chart. - Range Overlap: The high and low prices of the first five bars must be narrower than those of the next five bars. - Contextual Positioning: It typically appears at the end of a prevailing trend, either an uptrend or a downtrend. Analysing the Sushi Roll Reversal Pattern Traders observe this pattern as a precursor to strategic decisions. When it appears during an uptrend, it might indicate a forthcoming downtrend, and vice versa. Market Conditions and Reliability The Sushi Roll pattern can emerge under various market conditions, but it is typically more prevalent and reliable at the peak or trough of significant trends. The requirement that the highs and lows of the first range must be surpassed indicates an initial attempt to extend the existing trend, which fails as the price reverses and breaks through the opposite end of the range. This action is indicative of a liquidity grab—where market players trigger stop losses or entice latecomers before sharply reversing direction. Flexibility in Bar Count While the classic Sushi Roll pattern unfolds over ten bars, the exact number isn't rigid. Variations might occur over eight or twelve bars, with the key being the relative engulfment of one segment by another, not the specific count. Application in Trading Strategies The Sushi Roll reversal pattern, while powerful, is optimally used as a component of a broader trading strategy. The key to utilising the Sushi Roll effectively lies in its confirmation through additional indicators or a significant price movement following the pattern. Here’s how traders may enhance its effectiveness: Seeking Additional Confirmation Using the Sushi Roll pattern in conjunction with other forms of analysis can significantly improve the reliability of the signals it generates. For instance, in markets like forex, stocks, and commodities, the impact of significant news events can align closely with technical signals. A news release that shifts market sentiment, such as unexpected corporate news or economic data announcements, can serve as strong confirmation if it aligns with the emergence of a Sushi Roll pattern. Utilising Momentum Indicators Incorporating momentum indicators such as the Stochastic Oscillator or Moving Average Convergence Divergence (MACD) can provide supplementary signals. Divergence on these indicators, where price movement and indicator direction do not align, can suggest weakening momentum and potential reversal. The crossing of the Stochastic back into normal range from overbought or oversold conditions, or a crossover in the MACD line vs its signal line, can also confirm the likelihood of a reversal following a Sushi Roll pattern. These indicators, alongside 1200+ trading tools, can be found in FXOpen’s free TickTrader platform. Strategic Placement and Timeframe Alignment The likelihood of a successful reversal increases if the Sushi Roll pattern forms at a key area of support or resistance. These levels are natural points where reversals are prone to occur. Additionally, if the pattern aligns with a higher timeframe trend, it provides further validation. For example, the pattern forming at the end of a bearish pullback in an overall bullish market may indicate the resumption of the upward trend. Entry and Risk Management Traders typically enter a trade after the Sushi Roll pattern is confirmed, which is marked by the price moving past, and ideally closing beyond, the high or low of the initial range of the pattern. Setting stop losses just beyond the extreme of the second range may help to manage risk. Given that the pattern aims to capture the onset of reversals, setting profit targets at forthcoming support or resistance levels—where another reversal could occur— may help maximise potential returns while managing exposure. The Bottom Line The Sushi Roll reversal pattern is an insightful tool for traders aiming to identify significant trend reversals. This pattern, especially when combined with additional indicators and contextual market analysis, can inform strategic entry and exit points, thereby potentially optimising trading outcomes. Traders interested in exploring this and other sophisticated trading strategies may consider opening an FXOpen account to access a world of advanced trading platforms and tools. FAQs What Is a Reversal in Stocks? A reversal in stocks refers to a change in the price direction of a stock. It marks the end of a current trend, either bullish or bearish, and the beginning of a new trend in the opposite direction. This shift is crucial for traders as it indicates potential entry or exit points based on the new trend's direction. What Is the Trend Reversal Pattern? The trend reversal pattern in technical analysis signals a potential change in the prevailing market trend. Examples include the Head and Shoulders, Double Tops and Bottoms, and the Sushi Roll reversal pattern. These patterns help traders identify when a trend might be shifting from upward to downward or vice versa. What Is the Best Reversal Indicator? The best reversal indicator can vary by trading style, but common choices include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator. These tools help detect momentum shifts that may precede a price reversal. What Is Reversal vs Continuation Pattern? Reversal patterns indicate a potential change in the direction of the prevailing trend, leading to a new trend. In contrast, continuation patterns suggest that the current trend will persist after a brief pause or consolidation, such as triangles, flags, and pennants. Recognising these patterns helps traders anticipate and react to short-term price movements within broader trends. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. 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.Educationby FXOpen226
Perspective on EURUSDPrice 1.07400 bouncing off at support Area or demand Zone if you will 1.07400 we can expect a 50 pips move to the upsideLongby Ernestitovic223
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EURUSD ticked up on TuesdayEURUSD ticked up on Tuesday but failed to decisively push past confluence resistance between 1.0865 and 1.0880, where the 50% Fibonacci retracement of last year's decline intersects a key short-term descending trendline. Traders should continue to watch this ceiling in the coming days, bearing in mind that a bullish breakout could set the stage for a rally toward 1.0980. In the event of sellers successfully defending the technical zone at 1.0865/1.0880, we could see downside pressure drive the exchange rate down toward support at 1.0810. The pair may stabilize around this floor during a pullback before resuming its ascent. However, if a breakdown occurs, a retest of the 200-day simple moving average at 1.0790 could be imminent, with attention then transitioning to 1.0775. by Xayah_tradingUpdated 115
EURUSD - ANALYSISI have this view for the EURUSD The weakness of momentum is quite visible.Shortby Pouyan_tlb222
EU LONG RIGHT NOW3 reasons 1. Gap support 2. 61.8 fib level engulfing bull candle 3. USD CPI and unemployment news has temporarily weakened the currencyLongby Zimptrades221
Expect sell on euAm expecting price to get to the IRL of the BRP. Then we target sells to the ssl @1.06495 by miraclealexx111
EURUSD - Change of direction? - LongThis is my idea update. Basic the general macro economics data suggest a short.. but!! I think we are in a new long phase with COT EUR net position increased and a potential rebound of price until 1.10/1.11 I recalculate the elliott wave analysis Longby flyhorseUpdated 220
EURUSD H4 | Bullish Bounce?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0743, which is a pullback support. Our take profit will be at 1.0796, a pullback resistance. The stop loss will be placed at 1.0679, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Longby FXCM115
EURUSD - BUY SIGNALBuy opportunity in the FX:EURUSD with a target at 1.09800 for a profit of 100 pips. After knowing the worse than expected data from the JOLTs survey of job offers, buying pressure has been added. Yesterday, in the derivatives market we saw a large volume of call options with strike 1.10000, so my target is between the 1.09750 - 1.10000 zone. Guys, what do you think? Leave a comment with your thoughts.Longby tradingconmikeUpdated 44300
EUR/USD Shorts from 1.07400My bias is similar to GU, given the significant bearish pressure we've seen. I aim to continue this bearish trend. Currently, I am waiting for a pullback into a supply level for price to distribute and maintain its downward direction. I will look for sell opportunities at the 10-hour supply zone. If the price doesn't react there, I expect a stronger response from the 4-hourly supply zone, which is at a more premium price. From there, I plan to sell back down, targeting the liquidity below. Confluences for EU Sells are as follows: - Lots of liquidity below that needs to get taken as well as imbalances that need to get filled. - DXY is also looking bullish which aligns with this idea as well. - Price has left a clean level of supply that has been unmitigated. - Price is currently in a downtrend so this is a pro-trend idea. - Higher time frame and candle stick anatomy also show bearish P.S. If the price drops a bit more, I will consider taking buys from the 4-hour demand zone, as it is valid and at a good price point. However, if this zone breaks, it will further confirm my bearish bias.Shortby Hassan_fx13
EUR USD PRICE - DOWN FALL TO THE SUPPORT ZONE EUR USD PRICE moving in a upward direction, we got an breakout from up trend line, wait for the retest, make a short entry to marked price line, follow for more live updates...nd boost my contents thank you...Shortby FOREX_TRADER_007Updated 5518
EUR/USDTechnical Analysis: EUR/USD The risk of this trade is very high because it goes against the main trend of the market So enter a smaller volume. Entry prices: 1.07291 Profit limit: 1.07673 1.08236 Loss limit: 1.06951 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.Longby ZADERAMEZAN-FXUpdated 12
Buy long EURUSD breakout to 1.1000Dear traders! EURUSD is trading in an uptrend and the pair just broke an important horizontal level. The price base is bullish but in the context of forming a peak at 1.0916. Conan personally expects this pair to drop to the 0.618 Fibonacci zone, which is 1.0882, to accumulate liquidity to retest the 34.89 EMA level before rising again with the final target of at least 1.0970 on the way to reaching to the 1.1000 mark with medium and long-term goals.Longby ConanForexUpdated 171786
EURUSD BEARISH SCENARIOPrice failing to create new new highs therefore making a strong resistance level. Having such. a strong momentum to the downside i expect a retracement higher before crashing down more and hitting support levelsShortby riskditall221
Bearish drop?EUR/USD is rising towards a resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.07268 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.07750 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 1.06504 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets10
EURUSD BUY NOW!!!!!!!!!!!!!During the Non Farm Payroll we saw the price made a gap down and price is showing correction am expecting the gap to be filled and price to arrive at the premium zone for another sell off point Target 1.08614 POSITION BUY Join and Enjoy Tell us your opinion.............Longby CAPTAINFX211