EURUSD: Time For Pullback 🇪🇺🇺🇸 EURUSD looks quite oversold after 3 strong bearish days. The price reached a key horizontal support yesterday and leaves clear signs of exhaustion. We can expect a pullback to 1.0765 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader337
Buy EURUSD following the uptrend channelDear traders! EUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Investors are now betting the Fed's rate cut causes US bond yields to fall, limiting the pair's downside. In the short term, key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. This price increase is expected to reach the 1.0950 mark at least.Longby ConanForexUpdated 171797
EURUSD Trendline Breakout Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 228
The EUR/USD is hovering around the 1.0800 level ahead of the EU/The EUR/USD remains stable after recovering from losses recorded in the previous session. The currency pair is trading around 1.0810 during the Asian hours on Thursday. Technical indicators show that the EUR/USD is trading within a narrow range. The RSI indicator is currently at a neutral level, indicating no strength from either side. Additionally, the MACD indicator does not provide clear signals about the trend. Based on the current technical analysis, the forecast for the EUR/USD is a slight continuation of the upward movement and trading within a narrow range. Longby JesscicaUpdated 117
EURUSD Will Move Higher! Buy! Take a look at our analysis for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.076. Considering the today's price action, probabilities will be high to see a movement to 1.079. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider227
EURUSD SELLMonthly: 1. Direction: Bearish 2. Reasons: 1. price took sell side LQ 2. A good Displacement 3. price coming for sell side LQ Weekly: 1. Direction: Bearish 2. Reasons: 1. Price at extreme premium 2. price disrespected the bullish FVG Daily: 1. Direction: Bearish 2. Reasons: 1. good FVGs created. 2. Good displacement candle 3. BOS to the down side 4H: Not Clear.Shortby tradermebiali226
Market Analysis: EUR/USD DivesMarket Analysis: EUR/USD Dives EUR/USD gained bearish momentum below the 1.0810 support. Important Takeaways for EUR/USD Analysis Today - The Euro started a fresh decline below the 1.0810 support zone. - There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0900 resistance zone. The Euro started a fresh decline and traded below the 1.0810 support zone against the US Dollar, as mentioned in the previous analysis. The pair even declined below 1.0760 and tested the 1.0720 zone. A low was formed near 1.0719 and the pair is now consolidating losses. On the upside, the pair is now facing resistance near the 23.6% Fib retracement level of the recent decline from the 1.0901 swing high to the 1.0719 low at 1.0760. There is also a connecting bearish trend line forming with resistance at 1.0760 and the 50-hour simple moving average. The next key resistance is near the 1.0780 level. The main resistance is 1.0810 or the 50% Fib retracement level of the recent decline from the 1.0901 swing high to the 1.0719 low. A clear move above the 1.0810 level could send the pair toward the 1.0860 resistance. An upside break above 1.0860 could set the pace for another increase. In the stated case, the pair might rise toward 1.0900. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0720. The next key support is at 1.0680. If there is a downside break below 1.0680, the pair could drop toward 1.0650. The next support is near 1.0620, below which the pair could start a major decline. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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.by FXOpen228
EURUSD: Prepare for a new breakthrough!Hello everyone! Let’s dive into EUR/USD today! Currently, EUR/USD is showing little movement, settling into an accumulation phase around the 1.0900 level. The Bollinger Bands are tightening, indicating a period of low volatility and suggesting that EUR/USD isn’t poised for any immediate breakout. However, this calm period might be a precursor to a significant move. The price is finding support from the trendline, and I anticipate that EUR/USD could be gearing up for an upward breakout soon. What are your thoughts? Share your predictions in the comments below! Good luck and happy trading!Longby Odessa_MarloweUpdated 9965
EURUSD longs currently tricking sellers will trick, and then up nicely for gap fillage, may hit demand below as well Longby Denver_estabrooks116
EURUSD Finishing Wave A of E, Ichimoku & HA Bearish EURUSD may be near the end of wave A of the final wave E of a contracting triangle. Ichimoku Cloud and Heiken Ashi are bearish on the 4h, 1h, 15m, and 5m charts. Shortby epistemophiliac225
Trading Signal For EURUSD ForexTrading Setup: A Trading Signal is seen in the EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0759 ⭕️SL@ 1.0828 🔵TP1@ 1.0766 🔵TP2@ 1.0736 🔵TP3@ 1.0666 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 pullbacksignalUpdated 114
SELL EURUSDEURUSD is in a descending channel on the weekly timeframe and a break of the next major support area at 1.05 will confirm its next big movement to the lower of the channel and the next support demand zone at area 0.85 Shortby WaelHaz225
EURUSD Price Outlook- 12 June 2024Monthly : The candle of April has been created a Bearish M-MSS. The High of the Monthly level is 1.09812, & there is M-SSL level 1.06011. As the price has been Taken the PMH & we can see the bearish M-MSS so we can expect the M-DOL in Bearish & the target is 1.06011. Monthly Bias: Bearish Weekly: Weekly we can see the formation of bearish W-MSS, & the price has been closed bellow, after taking W-BSL on 3rd June W-candle, & this week we have seen formation of w-Volume Imbalance, so we can expect either the price will fillup the W-VI then go down, or it could go down from here. Weekly Bias: Bearish Daily: The price has been created a D-MSS along with D-FVG after taking the W-BSL, on Daily Candle closing on 7 June.& now the price has been taken the D-BSL -1.07239, So we could expect the price could go up towards the W-VI & the unmitigated Daily-FVG, then Come down, or Directly dome down from here. Daily Bias: Bearish. Shortby Trader_PKR114
THIS IS NOT NORMAL BULLISH CANDLESTICK !This is not normal ! FOMC Dovish AUDUSD almost broke HH. IF breaks the descending channel then we just buy all the wayLongby geokallides225
EURUSD correction EURUSD has reached 1,0730 before to start a correction. The levels around 1,0800 are the first resistance. The market closed there last Friday and there is also 38,2 Fibo of the impulse drop. Keep an eye on these levels for pullback and possible test of the yesterday’s low. Bear in mind that FED’s interest rates announcement is coming tomorrow and significant fluctuations are expected.by ForexTrendline115
Forex Market Liquidity: Analysis and Implications for TradersForex Market Liquidity: Analysis and Implications for Traders The foreign exchange market is renowned for its dynamic and fast-paced nature. As traders navigate this landscape, understanding the concept of liquidity becomes crucial. In this article, we analyse its components, explore factors that influence it, measure and analyse its impact, discuss potential risks for traders, and present real-life examples to illustrate its implications. What Is Liquidity in the Forex Market? Liquidity in the forex market refers to the ease with which a currency pair can be bought or sold without causing a significant change in its price. Highly liquid assets are usually easily tradable, while less liquid assets may experience more considerable price fluctuations during transactions and bear higher spreads. Liquidity Components The liquidity of a currency pair is influenced by several factors, which traders need to consider when constructing a liquidity-proof trading strategy. These include the market depth, the bid-ask spread, and the trading volume. - Market depth represents the number of buy and sell orders at different price levels in the order book. A deep market with many orders at different price levels typically suggests higher liquidity. - The bid-ask spread is the difference between the highest price a buyer agrees to pay and the lowest price a seller agrees to accept. A narrower spread typically indicates higher liquidity, while a wider spread reflects lower liquidity. Traders often monitor the spread to gauge current conditions. - Trading volume refers to the total number of currency units traded within a specified period. Higher trading volume generally indicates greater liquidity, signalling a robust trend. Low trading volume could indicate liquidity issues. Risks for Traders Arising From Liquidity Levels in Forex Liquidity is a crucial consideration for traders as it directly affects transaction costs and the ease of entering or exiting positions. High levels generally result in lower transaction costs and less slippage, providing traders with potentially more exciting conditions. Additionally, liquidity may contribute to price stability, reducing the impact of large trades on prices. Low levels, on the other hand, can pose certain risks that traders must be aware of. In illiquid markets, larger trades can have a more pronounced impact on prices, potentially resulting in random price movements and unfavourable execution prices. Forex market liquidity implications suggest that low liquidity can lead to increased volatility, making it challenging to analyse price movements accurately. In low liquidity conditions, traders may also experience slippage and delays in order execution, impacting the efficiency of trades. Factors Influencing Liquidity in Forex Trading Various factors influence current market liquidity in the forex market, and understanding these dynamics is essential for traders: - Market Participants: The presence of a diverse range of participants, including retail traders, institutional investors, and central banks, contributes to liquidity. A balanced mix of participants often leads to a more liquid market. - Economic Indicators: Economic releases, such as employment data, GDP figures, and interest rate decisions, can significantly impact a currency’s trading activity. Traders often witness increased volatility before and after such data is released, affecting market liquidity. - Time of Day: Forex operates 24 hours a day, five days a week. Volume varies depending on the time of day, with peak liquidity during the overlap of major trading sessions. Forex Market Liquidity Indicators and Measures Assessing quantitative metrics is a fundamental initial step in a profound forex market liquidity analysis. Let’s discuss some popular indicators which can help evaluate the liquidity level using the trading volume: - On-Balance Volume (OBV): OBV assesses the strength of a price trend by evaluating the relationship between volume flow and price movements. Higher liquidity often accompanies stronger and more sustained price trends. - Volume Oscillator: When the volume oscillator is positive or above a specific threshold, it indicates that the recent trading volume has been relatively high. This may suggest that there is more liquidity in the asset. - Money Flow Index (MFI): The MFI considers trading volume as a component of its calculation. A high trading volume, when combined with significant price movements, can result in a higher MFI reading, indicating strong market participation and potentially higher liquidity. A low trading volume during price movements may result in a lower MFI reading, suggesting reduced liquidity and potentially less market interest. Price Gaps: In illiquid markets, there are fewer participants and lower trading volumes. In such conditions, price gaps are more likely to happen and can be more substantial. With fewer participants, it becomes challenging to match buyers and sellers efficiently. As a result, a significant order or news event can lead to a notable price gap when the market reopens. You can visit FXOpen and explore new trading opportunities for some of the most liquid currency pairs through the free TickTrader trading platform. Real-Life Examples of FX Liquidity To illustrate the importance of considering liquidity in a forex strategy and how it can impact trader behaviour, let’s consider some real-life examples: The 2015 Swiss Franc Depegging In 2015, the sudden decision by the Swiss National Bank (SNB) to remove the Swiss Franc (CHF) peg against the euro had a profound impact on the forex. The depegging in January 2015 led to a sudden drop in value, causing not only an unprecedented shift in trading dynamics but also triggering a significant price gap. The market experienced a reduction in trading volume, highlighting the challenges of liquidity in the face of unexpected events. High Volumes During Trading Session Overlaps The EUR/USD currency pair experiences varying trading volumes throughout different global sessions, primarily influenced by the overlap of major trading hours. The chart below depicts the significant volume spikes occurring during the overlap between the European (UTC 08:00 - 17:00) and North American (UTC 13:00 - 22:00) sessions, commonly known as the "London-New York overlap." This period witnesses peak trading volumes, providing traders with optimal conditions for executing trades. Takeaway Understanding liquidity is paramount for traders navigating the complexities of the financial markets. By comprehending the components of trading activity and analysing influencing factors and their impact on real-life trading, traders may make more informed decisions to potentially reduce risks and optimise their trading strategies. You trade forex and commodity, stock, and index CFDs today by opening an FXOpen account! 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.Editors' picksEducationby FXOpen338
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
News spike set up short opportunity.US CPI numbers this morning create a violent spike up in the EUR/USD setting up a nice short opportunity. Shortby waveriderbill114
EUR, wait for squeeze down and then long upwards35 pips has already happened. I see 3 circled lows within 15 pips of each other. The latest one that was formed was unconvincing as a near term bottom because of equal lows W shape. I will wait for a squeeze downwards before looking for the value above to be reclaimed. Ideal entry will be marked line.Longby superweijie223
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
EUR/USD Outlook ICT Consept📈💰 Welcome to Your Channel! Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the forex market, focusing on one of its key assets: EUR/USD . 📉🔍Impact of News on EUR Last week, significant news favored the direction of the dollar index, causing a substantial impact on the EUR. This led to several large downward closing candles in the EUR/USD market. 🚀📈Internal Liquidity Sweep and Potential Upward Move We recently swept some internal liquidity ( ERL ), and we can anticipate a move higher to fill the unfilled gaps and Fair Value Gaps ( FVG ) created by those substantial down close candles. 📊📉Major Sell-Side Liquidity and Optimal Trade Entry Levels Ahead of us lie the major sell-side liquidity levels and Optimal Trade Entry ( OTE ) levels. We can expect a continuation to deeper levels after a retracement upward to reach the levels mentioned earlier. 🚀📈 Stay Tuned for More Insights Thank you for joining us on this insightful journey. Stay tuned for more market analysis and updates. Until next time, happy trading! 📊⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.by RealArmin224
EURUSD 8Jun24A brief review of Price Action, Market Direction and What to look for in the coming weeks and the rest of June for EurUsdShort12:16by Lafx_Index223
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