EURUSD SELL SETUP URUSD broke structure, there could be another sell opportunity on the pull back or retest!Shortby TheForexWave338
EURUSD IDEAExpected Price Movement: After rejecting the upper channel line, there’s an expectation for a short correction. The target for this correction is around 1.08059 which is the next support level also this level aligns with the lower line of the channel. Resistance levels 1.08950-1.09150 Support levels 1.08100-1.07950Shortby joestar95228
EURUSD Short- London Session - 1:6 RR Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price currently within HVA Price traded above the 15mins buyside zone EU open where I'm looking to be a seller H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356) Potential RR is a 1:6 adjusted to a static RR. Shortby Pips4BreakfastxUpdated 662
🤟EURUSD: New MULTITIMEFRAME analysis is here🤟☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 191985
DeGRAM | EURUSD correction in the channelEURUSD is moving in an ascending channel under the trend line. The price has reached the resistance level, during testing of which it formed a doji indicating uncertainty. The chart is moving from the upper boundary of the channel. We expect the correction to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 448
EURUSD Expected move today We are expecting price to come back to our supply zone so we can execute our sell ordersShortby GoldenB55447
EURUSDEURUSD: This is the start point of movement . I want to buy EUR with 1% risk here . Longby sentores334
EURUSD bull trapi personally think that the price should hit 1.05750-1.05000 before it goes up to 1.15000 so here is my idea: this massive upward movement is a wave C of a flat correction. this c takes form of a motive wave (impulse), it's a trap for e.w trader that will assume that this is the new trend upwardShortby edoyuwon1909225
bullish EURUSDam bullish on EU once we are able to breached that bearish corrective channel we can get some long trades if we fail we have an extreme demand zone at around 0.62 fibonacci level at a good discounted price Longby reaganbwire00337
Short EURUSD to 1.08200-1.08100FX:EURUSD Here is my outlook at how I see EURUSD price action. overall price is bearish on 4HR with LH and LL. Daily is also bearish failing to make HH and HL after pushing out of a strong resistance level. On 4HR price has respected a previous supply zone and appears to be breaking to downside. I will be getting into a short at 1.08450 looking for TP at strong demand zone of 1.08200 area. Have a great weekend everyone. Shortby RobertTMFX2216
EURUSD 1H In this context, "Price filled the FVG and as well tapped into the OB" means that the market price has retraced to fill the Fair Value Gap, indicating that the imbalance between buyers and sellers has been addressed. Additionally, this retracement has extended to the Order Block, suggesting that the price has entered an area of significant past trading activity, likely to provide a reaction point due to the presence of large buy or sell orders.This scenario often implies that after filling the gap and tapping into the order block, the price might reverse or consolidate as it encounters the liquidity and order concentration in the OB. Traders might anticipate potential trading opportunities at this confluence of technical factors, such as a price reversal or continuation, depending on the prevailing market conditions and additional confirming signals.Shortby vbenking91442
eurusd longslooking at eurusd longs when NY session hits demand below, lots of liquidity to the upside. price is currently tricking sellersLongby Denver_estabrooks1114
EURUSD We will enter a buy position for EUR/USD in the short term, targeting the ascending channel's resistance trendline. Upon hitting the resistance and showing a bearish rejection, we will switch to a sell position for the long term.Longby forex_info1111
EUR USD SHORTHi guys we are ready to go short the next week in this par EUR USD, good luck Shortby Xolo3331110
Euro can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price reached a resistance level, which coincided with the seller zone and even broke it, after which continues to grow. In a short time later it turned around and started to decline inside the downward channel, where the Euro soon broke the 1.0870 level again and fell to the 1.0725 support level, which coincided with the channel's support line with the buyer zone. Then price rebounded up to the seller zone, thereby exiting from the downward channel, but soon it turned around and made a downward impulse lower the support level, breaking it. After this movement, the price started to grow inside the upward channel, where soon price broke the support level again and continued to move up. Soon, EUR reached the resistance line of the channel and rose to the seller zone, exiting from the channel, but a not long time ago price turned around and declined to a lower 1.0870 level, breaking it one more time. In my opinion, the Euro can make the upward move to the resistance level and then rebound down. For this case, I set my target at 1.0760 points, which almost coincides with the support level. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ82211
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 339
EURUSD short- Based on fib levels - Fib Inverse extention as well as fib extention lines up Shortby howard2535Updated 228
Candlestick Wick Meaning and Trading StrategiesCandlestick Wick Meaning and Trading Strategies Understanding the subtle cues provided by candle wicks can unlock new dimensions in trading strategy development. These seemingly minor details offer profound insights into market sentiment and price action dynamics. This article delves into the meaning behind candle wicks and explores strategic ways to trade them, equipping traders with the knowledge to potentially enhance their trading performance. Understanding Candle Wicks Candle wicks, extending beyond the body of the candlestick, offer a deeper insight into market dynamics than open and close price levels. Their lengths and positions relative to the candle body unveil the tug-of-war between buyers and sellers within a given timeframe. A long wick candle to the upside suggests that buyers pushed the price higher, but sellers eventually overcame, driving the price down from its peak. Conversely, a lengthy lower wick indicates sellers initially dominated, with buyers making a strong comeback. Such patterns are not merely reflections of high volatility; they signal potential market reversals or continuations, depending on their context and the prevailing trend. For instance, a series of increasing lower wicks in a downtrend could hint at a building bullish pressure. Traders often scrutinise these subtle cues, aligning them with other technical indicators to refine entry and exit points. Analysing Market Conditions Through Candle Wicks Wicks serve as a lens to view underlying market conditions, offering insights into trader sentiment, potential reversals, and the strength of current trends. This analysis predominantly focuses on the length and frequency of long wicks, as they often carry more significant information than their shorter counterparts. Long Upper Wicks: Typically indicate a rejection of higher prices by the market, showing that buyers were unable to maintain control. When observed in an uptrend, these can signal an impending reversal or a pause in momentum as sellers start to outweigh buyers at higher prices. Long Lower Wicks: Suggest a rejection of lower prices, showing that sellers couldn't keep the price down. In a downtrend, long lower wicks can be a precursor to a reversal, indicating that buyers are beginning to dominate the price action. Repetition and Placement: The significance of long wicks is amplified when they occur repeatedly over several candles or near key support and resistance levels. A series of candles with long upper wicks near a resistance area, for example, could hint at a strong selling pressure, suggesting a potential area for a reversal. Combination with Bodies: The relationship between the wick and the body of the candle also provides valuable information. A candle with a small body and a long wick may point to indecision in the market, while a large body accompanying a lengthy wick signals a strong market move followed by a significant pushback from the opposite side. For instance, while a long green candlestick is considered to be a strong bull candle, a large body with long wicks on either side may indicate volatility is picking up. Long-Wick Candle Trading Strategies Now, let’s explore three long-wick trading strategies. If you’d like to see how they work in practice, consider following in FXOpen’s free TickTrader platform. Long Wick in Trend Pullback In the realm of long-wick candle trading, the strategy focusing on extended wicks during trend pullbacks is particularly insightful. It capitalises on the market's natural ebb and flow, using the long wick as a signal that the initial trend momentum is regaining strength. For short-term swing traders, using the 1hr, 30m, or 15m charts might be typically best when identifying these long candle wicks. Entry Traders watch for a long wick to form when the price begins to pull back to the previous range (i.e. at or above the last swing low in a bearish trend or at or below the last swing high in a bullish trend), indicating an area where the trend may continue. The presence of a long wick candle, usually at least a third or half its overall size, signals that market participants may be stepping in to support the overall trend. Stop Loss According to the theory, a common approach is to set stop losses just beyond the entry candle for a buffer against market reversals. Alternatively, placing stop losses beyond a nearby swing point or a well-established support or resistance area may offer additional protection against high volatility. Take Profit Profit targets may be identified by assessing upcoming resistance levels in a bullish scenario or support levels in a bearish scenario. Traders may also consider a fixed risk-reward ratio instead. Long Wick into Strong Support or Resistance The strategy of focusing on long wicks on candlesticks at significant support or resistance levels leverages the market's reaction to these critical areas. It's a technique that thrives on the premise that major horizontal support or resistance, which have been tested multiple times with significant highs or lows, act as strong psychological barriers for price movements. This method can be particularly effective when there is clear visual space on the chart and considerable time between the tests of these areas, emphasising the significance of these levels. Entry Traders often look for a candle that moves sharply into a major support or resistance area and then reacts away, leaving a long wick. This indicates a strong rejection of the price beyond these areas. A movement above or below the previous highs or lows, accompanied by a long bull wick or bear wick, adds confirmation to the trade's potential effectiveness. Stop Loss Setting stop losses just beyond the candle's high or low offers a potential safeguard against reversals that breach these key levels. Take Profit Traders typically target an opposing support or resistance area for taking profits, capitalising on the expected bounce from the tested level. However, some traders may opt for a fixed risk/reward ratio instead. Long Wick Rejection from Fibonacci Level In this strategy, traders harness the predictive power of Fibonacci retracement in tandem with candlestick analysis to anticipate trend continuations. This approach is grounded in identifying a clear trend and applying Fibonacci retracement lines from the swing high to low in downtrends or swing low to high in uptrends. Key levels of interest are the 0.382, 0.5, and 0.618 retracement levels, which historically act as pivotal points for price reversals. Entry Attention is centred on the 0.382, 0.5, and 0.618 Fibonacci retracement levels, awaiting price action that touches these zones. The presence of a long wick touching one of these zones reflects a strong rejection of further price movement against the trend, hinting at a potential continuation of the established trend. Additional confirmation is sought when these Fibonacci levels coincide with other recognised support or resistance areas, reinforcing the likelihood of a trend continuation. Stop Loss Stop losses are typically positioned just beyond the wick, a nearby swing high/low, or the next Fibonacci retracement level to potentially safeguard against unexpected reversals. Take Profit Profit targets may be set at the high or low used to draw the retracement, leveraging the full potential of the trend's movement. Alternatively, traders may choose another significant support or resistance level as a profit-taking point based on the prevailing market structure. Best Practices for Trading Wicks In the world of big wick candle trading, there are some best practices that traders may consider: Context Is Key: It's common for traders to analyse wicks within the broader market context, ensuring that decisions are not based on a single candlestick pattern alone but are corroborated by other market factors. Volume Confirmation: Many traders look for volume confirmation to validate the signals provided by long wicks. A significant volume spike accompanying a considerable wick can indicate strong market interest at certain prices. Looking For Confluence: Likewise, seeking areas that coincide with other technical levels can add extra confirmation to a wick-based trade. Fibonacci retracements, support/resistance zones, and moving averages are commonly used. Practice Patience: Traders often exercise patience, waiting for the candle to close before making a move. This may help in avoiding false signals that might occur during the candle's formation. The Bottom Line Mastering the art of interpreting and trading wicks may help in trading strategies. By recognising the signals conveyed through long wicks and employing strategic approaches, traders may navigate the markets with greater confidence. For those looking to apply these insights in real-time trading environments, opening an FXOpen account offers a powerful platform to explore and leverage the potential of wick trading strategies. Happy trading! FAQs What Do Long Wicks Mean in Trading? Long wicks indicate a potential rejection of a given price level. A long upper wick suggests selling pressure after a price hike, while a long lower wick indicates buying support following a drop. How to Read Candle Wicks? To read candle wicks, traders examine their length and direction. A long wick signals rejection of prices, especially if it occurs at a support or resistance area. Upper wicks denote selling pressure; lower wicks point to buying interest. How to Trade Candle Wicks? Trading candle wicks involves analysing long wicks for potential market reversals. Traders often look for wicks at support or resistance levels as signals to enter or exit trades, using them alongside other indicators for confirmation. What Is the Candle Wick Trading Strategy? The candle wick trading strategy utilises the presence of long wicks as indicators for making trading decisions. This approach relies on the idea that wicks signify price rejections and potential shifts in market direction, aiding in identifying entry and exit points. 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 FXOpen2210
EURUSD Analysis: Crossroads Ahead !📈EURUSD Anylisis 🔍Currently EURUSD Finds itself at a crossroads caught between two vitel daily structures. Looking ahead to next week's potential moves here are two scen to watch: 1) Bullish outlook if the market breaks the trend line and seals the deal with a solid close above a hefty resistance line forming a Substantial falling wedge on the dialy chart it might be time to gear up for a bullish ride. Traders could set their sights on a target of at least 1.09390 2) Bearish perspective: on the flip side a Breach of the crucial 1.08713 support level could spell trouble for the bulls. This move would signify strong bearish confirmation possibly paving the way for a significant download plunge with a downsides Target of around 1.08333 In essence the fate of EURUSD hangs in the balance with traders eagerly awaiting signals of either bullish resurgence 🚀 or Bearish dominace in the week a head stay tuned for Updates! 📈Longby MrCharlie1Updated 36
EURUSDOn Friday, our set up was affected by the CPI news, hoping to continue with the set up this week. we are going short, the whole of this weekShortby itsGitauUpdated 2233
EURUSD ShortThe Supirior Time (W1) Period is rather Bearish than Bullish and we see that we had a healthy retracement to the Golden Zone. We still see open liquidity + inbalances in the market which is a strong indication for me that the market is drawn to this price. Above my entry i dont see alot of valid reasons why the market should continue to push further up. Thats why my SL is pretty tight. My TP is to the next OrderflowShortby Juma17117
EURUSD - Sell SignalHello, here's a sell signal for EURUSD. All analysis are covered extensively on the chart. I hope you enjoy this trade.Shortby ATRFinder118