EURUSDJust like AUDUSD all timeframes in bearish sync and im looking for price to come up to that zone to form a lower high then give us another bearish impulse. Not to mention we do have the institutional level of 1.08000 at the zone aswellShortby jahod114
EURUSD IS IN BULLISH TREND EURUSD is in bullish trend it bounced back from their support level tread plane mentioned in chart Longby rizwanahmed06032
EURUSD 1h 1H - The bearish context is evident due to Friday's news. For Monday and Tuesday, I expect a corrective move targeting the equal lows.Shortby yes_pls_max4
EURUSD BullishEURUSD has formed the double bottom reversal pattern in the presence of divergence which indicates trend reversalLongby ruba_hasan963
EURUSD - ANALYSISI have this view for the EURUSD The weakness of momentum is quite visible.Shortby Pouyan_tlb222
EURUSD Long Using Fair Value GapThere is a Fair Value Gap ( FVG ) on the 4 Hour TF at 1.07508. The Entry Should be at 1.07508 at the Entry of the FVG Because We Don't Want to Miss the Entry as Many Of The Times Price Respects the FVG By Just Touching it Slightly and It Goes Up/Down Passively , Stop Loss at 1.07156 Below the Fair Value Gap's Swing Low Because We Don't Want to Get Stopped where most of the Buy Stops are and Take Profit at 1.08944 Because there was Massive Selling Pressure at the Price and The TP Is actually quite Random Because I just Saw The RR to Be 4:1 and Hence There is Not Much Analysis Done as to Where the TP Should be. Anyways As a Beginner I'm Just Documenting My Analysis :)Longby Hari_NazrekarUpdated 4413
EurUsd BuyTypically speaking i am buy baised on EURUSD but its in sell trend as it has broken daily trendline with a high volume sell candle which has left a fair value Gap which is to be filled so the pair shall have to fill the gap and then go for a sell so we are waiting for pair to its direction a simple scalp trade is buy tradeLongby Wakeel_Saab3
Golden Fib confluence just belowIntraday Update: The EURUSD continued to break lower towards the .618 retracement at 1.0718 where the 161% extension of the move above 1.0900 also is at (1.0710) which may offer any additional support on a dip lower from here. Expect sellers at the 1.0790 level intraday. by ForexAnalytixPipczar1
EURUSD WILL EXPLODE BUYTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB116
How to Trade EUR/USD’s Negative GapEUR/USD has gapped lower after French President, Emmanuel Macron called a snap election following shock results of EU parliamentary elections in which far-right parties made strong gains. Let’s take a look at the ways we can trade negative gaps of this nature. Method 1: Gap and Go The ‘gap and go’ method of trading price involves taking advantage of the momentum that often follows a gap. EUR/USD’s negative gap has broken below a key level of swing support on the daily candle chart, opening the door for immediate downside continuation. Traders looking to deploy the gap and go method can use small pullbacks on lower timeframes as potential entry opportunities into a short-term downtrend. However, it is worth noting that the gap and go method best suits breakouts from compression patterns. EUR/USD experienced heavy losses on Friday, which potentially reduces the effectiveness of the gap and go method. EUR/USD Daily and Hourly Candle Charts: Gap and Go Past performance is not a reliable indicator of future results Method 1: Gap Fill The ‘gap fill’ method involves trading with the expectation that the price will return to fill the gap and uses the gap as resistance from which to initiate a short position. The top of EUR/USD’s negative gap coincides with the broken swing support area on the daily candle chart, adding to its significance. Traders looking to deploy the gap fill method will need to be patient and wait for a small recovery rally in order for EUR/USD to close its gap. Rather than simply entering on the close of the gap, traders can add more precision to their entry by waiting for a bearish reversal pattern to form on lower timeframes in response to the gap close. EUR/USD Daily and Hourly Candle Charts: Gap Fill Past performance is not a reliable indicator of future results 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. 80.84% 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. by Capitalcom1
EURUSD BUYHi fellow traders, EURUSD is ready to make a move higher from the blue box after completing the correction. Target the 1.0930 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!Longby OGwavetraderUpdated 228
Eur Usd long High-frequency trading opportunities often arise around economic news releases and market open hours. Employing tight stop-losses is essential to manage the high risk of rapid market shifts, ensuring quick profit capture and loss minimization. Longby realtrademaster4
EURUSDWe looking for buying opportunities as the market is still respecting the support zone which is currently forming a reversal pattern which can be a double bottomLongby officialpotego_fx5
EUR/USD if we want to find good and clear place for short trade we need to wait correction on that area I mentioned at the chart .we need to wait for correction + candle close below of the area that i showed.Shortby JBKONLINETRADING1
EUR/USD pair for sale🌐 Analysis of the EUR/USD pair, we are looking for selling areas only and buying and scalping areas only for shoutingShortby ShakerTrading225
EURUSD At the moment, it is not possible to make a definite decision for today because the energy market does not need it, but I have shared what I predict with youLongby sepidehsky224
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
Fundamental Market Analysis for June 10, 2024 EURUSDThe EUR/USD exchange rate remained under pressure for the second consecutive day, falling to a three-week low during the Asian session on Monday. Spot prices are currently trading around 1.07750, indicating continued vulnerability to breakout momentum following the NFP publication. The closely watched monthly employment report from the US Department of Labor showed that the US economy added 272,000 jobs in May, compared to an expected 185,000 and an upwardly revised 175,000 in the previous month. In addition, average hourly earnings beat consensus estimates and rose 4.1% in the 12 months to May, eclipsing the rise in the unemployment rate to 4.0%. Nonetheless, the data prompted investors to abandon expectations of a Federal Reserve (Fed) rate cut in September and kept US Treasury yields elevated. This, along with cautious sentiment in stock markets, supports the safe-haven US Dollar (USD) and becomes a key factor exerting downward pressure on EUR/USD. Conversely, the common currency is being undermined by exit poll results showing that Eurosceptic nationalists made the biggest gains in Sunday's European Parliament elections. Furthermore, French President Emmanuel Macron's decision to call a snap election later this month adds to political uncertainty in the eurozone's second-largest economy and favours euro bears. This suggests that the most straightforward path for EUR/USD is downwards. However, traders may refrain from making aggressive directional bets ahead of Wednesday's important FOMC policy decision. Ahead of this key central bank risk event, traders will face the release of the latest US consumer inflation data, which will boost the dollar and give it meaningful momentum. Trade recommendation: Trading mainly by Sell orders from the current price level.Longby Fresh-Forexcast20041
EURUSD Trading Journal Analysis EURUSD Trading Journal Analysis Price is delivering to a discount market on the weekly. I anticipate for Price to seek the sell side liquidity and bear to my noted sell side liquidity. I do feel we could reach to 1.06695 for the weeks low. That said I do anticipate for Price to rebalance the daily SIBI for the weeks high at range 1.08884. Shortby LParnell1
EurUSd GAPI like these gpas when they give us some extra pips to trade against after the open. I think the EURUSD is at a good point to accumulate longs for the gap fill. The trade is marked on the chart, I wont actually have a stop though I will just keep adding small position sinto the fill. Longby TechknowLobster3
E/U 10-06-24top down analysis using SMC made live for you so that eventually you can also understand how i operate on live markets if you want to know how i enter trades or how i see a certain asset just follow me, message me and i will most likely do a custom video for you.Short17:50by tommasomariacomini2
EU LongD: Downtrend, price retraced 61.8% and came close to -27 on daily FIB 4H: Upptrend, price retraced 38.2% and hit -27 on 4H FIB, consolidating above monthly level 1H: Consolidating, price broke below upward trendline and dropped to previous zone, @ 4H trendline CURRENTLY: There's bullsih divergence on minor TF RSI + opening price has a 20 pip gap to close. I'm looking for price to go long and close the gap, then go as far as the monthly key levelLongby jcmoneyman1