EURUSD - Sell LimitPutting the Fib and applying the simple DOW Theory. Taking two trades, one of TP1 and other one of TP2Shortby Alee_KolachiUpdated 2
Lingrid | EURUSD Possible Selling OPPORTUNITYThe price perfectly fulfilled my previous idea. It hit the target level. The market reached the resistance zone and then pulled back. FX:EURUSD is currently trading near the channel boundary, and I believe it's likely to break through it due to the significant sell pressure that has been building up from above. The price action has already taken out liquidity above the highs of the past three weeks, which suggests that the market may be poised to move lower. My expectation is that we'll see a two-legged pullback form, which would be triggered by a breakout of the channel. I expect a rejection of the resistance level, which would signal bearish dominance and provide a clear signal to sell the market. My goal is to support level around 1.08443 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 3328
Has wave 5 of EUR/USD finished?Today's NFP caused a significant drop in the price, but it did not break below last week's low. This means we cannot yet conclude that wave 5 has ended. The price is also hovering in the same area as it was two weeks ago (highlighted in blue), which might suggest a flat correction for wave 4. This is a common in wave 4. In summary: it's possible that wave 5 hasn't even started yet. Therefore, it’s still a good opportunity to take a buy position if the conditions are favorable. For a safer approach, wait until wave 5 appears to have ended before taking a sell position. Alternatively, if the price breaks below the previous low, which we assume is the end of wave 4, we can start looking for sell positions. Good luck!by edoyuwon19095
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
And the fall began Altough I made huge mistake underestimate the market makers games, still holding my short. Todaz data could not be hack :P Take care Shortby ElGatoTradeUpdated 1
SELL EURUSDAhead of todays NFP I am expecting price to push up to 1.0910 area where I will be shorting from. I expect my target at 1.0820 and stops above 1.0930 level. Due to the volatility of the market on NFP it is advisable to use proper risk management. Shortby GeminiWealthGroupUpdated 6
Bullish prices FiberLooking for Fiber to take out buy side liquidity. The entry was frame from the daily time frame. At a +OB. Then after a displacement to the upside and BMS, we focus on entry at a discount level.Longby JuanFelipeCancinoUpdated 3
Mastering Multiple Timeframe Trading StrategiesMastering Multiple Timeframe Trading Strategies In the fast-paced world of trading, the ability to analyse and interpret multiple timeframes can be one of the advantages of a trader. In this FXOpen article, we will delve into the concept of multiple timeframes in trading and consider two multiple timeframe trading strategies based on it. Understanding Multiple Timeframes Multiple timeframes refer to the simultaneous analysis of price data across charts with different periods. This approach allows traders to gain a comprehensive view of the market's dynamics. The use of multiple timeframes is paramount in trading for several reasons. By analysing various time intervals, traders may: - Properly analyse the overall market trend. - Identify potential entry and exit points. - Enhance risk management by assessing the broader context. - Avoid being trapped by short-term market noise and false signals. Selecting Timeframes Trading on multiple timeframes usually means confirming signals on charts with two or three different periods. More intervals may confuse traders with excessive market noise. Choosing the Primary Timeframe The primary timeframe serves as the foundation of your trading strategy. It's essential to select a primary timeframe that resonates with your trading style and objectives. Here's why it matters: Alignment with Trading Style: Your primary timeframe should align with your preferred trading style. For example, if you are a day trader looking for quick, short-term opportunities, a primary timeframe of 1-hour or 15-minute charts may be suitable. On the other hand, if you are a swing trader seeking more extended trends, daily or weekly charts might be your primary choice. Clarity of Signals: The primary timeframe should provide clear and actionable signals. It's the timeframe where you identify key support and resistance levels, chart patterns, and trend directions. The primary timeframe is where you make your core trading decisions. Selecting Secondary Timeframes While the primary timeframe forms the core of your strategy, the secondary one complements and reinforces your analysis. These secondary timeframes offer additional perspectives and confirmation. Here's how you may choose one: Alignment with Primary Timeframe: Secondary timeframes should align with your primary period. For instance, if your primary period is the daily chart, you may consider a secondary interval, such as 4-hour or 1-hour charts. The secondary timeframes should provide a more detailed view without straying too far from your primary analysis. Confirmation and Entry Timing: Use secondary timeframes to confirm signals from your primary analysis. When the primary chart generates a potential trade signal, consult the secondary one to validate it. This additional confirmation may enhance the reliability of your decisions and help you time your entries more accurately. Managing Risk: Secondary timeframes can also assist in managing risk. By assessing shorter periods, you can identify intraday fluctuations and adjust your stop-loss and take-profit levels accordingly. Multiple Timeframe Trading Strategies Below, you will find two trading strategies that use multiple time frames to trade. Swing Trading Strategy with Multiple Timeframes Timeframes Used: - Primary: Daily Chart - Secondary: 4-Hour Chart Indicators and Tools: - Exponential Moving Averages (EMA) - 14-period and 21-period - Relative Strength Index (RSI) - 14-period - Fibonacci Retracement Tool Entry and Exit Points: Entry Point (Long Trade): When the daily chart shows an uptrend (a 14-period EMA above a 21-period EMA) and an RSI above 50, and the 4-hour chart reveals a pullback to a Fibonacci support level: You may enter a long trade with a stop-loss just below the support level on the 4-hour chart. You may set a take-profit target at a resistance level or when the 4-hour chart shows signs of a potential reversal. Entry Point (Short Trade): When the daily chart indicates a downtrend (a 14-period EMA below a 21-period EMA) and an RSI below 50, and the 4-hour chart exhibits a retracement to a Fibonacci resistance level: You may enter a short trade with a stop-loss just above the resistance level on the 4-hour chart. You may set a take-profit target at a support level or when the 4-hour chart reflects a potential reversal. You may use trailing stop-loss to partially close your trade and lock in the returns that have already been reached. On the chart above, the 14-day EMA broke below the 21-day EMA, while the RSI indicator was below 50. A trader could have considered this as a signal to open a short position. When the trader switched the timeframe, they may have noticed that the price rebounded from the 23.6% Fibonacci level. This could be considered as an entry point. A stop-loss could have been placed above the closest Fibonacci level (38.2% in this case) to fulfil a standard risk/reward ratio. The take-profit target would depend on the trader’s trading approach. Multiple Timeframe Analysis for Day Trading Timeframes Used: - Primary: 15-Minute Chart - Secondary: 1-Hour Chart Indicators and Tools: - Exponential Moving Averages (EMA) - 9-period and 50-period - Relative Strength Index (RSI) - 14-period - Support and Resistance Levels Entry and Exit Points: Entry Point (Long Trade): When the 15-minute chart shows an uptrend (a 9-period EMA above a 50-period EMA), the RSI indicates bullish momentum, and the 1-hour chart confirms a support level: You may enter a long trade with a stop-loss just below the support level on the 15-minute chart. You may set a take-profit target at a resistance level or when the 15-minute chart reflects a potential reversal. Entry Point (Short Trade): When the 15-minute chart indicates a downtrend (a 9-period EMA below a 50-period EMA), the RSI indicates bearish momentum, and the 1-hour chart confirms a resistance level: You may enter a short trade with a stop-loss just above the resistance level on the 15-minute chart. You may set a take-profit target at a support level or when the 15-minute chart reflects a potential reversal. On the chart above, created on the TickTrader platform, a trader may have spotted conditions for a long trade (the 9-period EMA was above the 50-period EMA, and the RSI indicator was above 50). Checking the hourly chart, they may have noticed that the conditions occurred when the price rebounded from the support level. Moreover, the RSI indicator broke above the 50 level, signalling potential upward movement. A trader could have opened a long position with a stop-loss order below the most recent swing point. Mistakes to Avoid Trading on multiple timeframes may be a powerful approach to gaining a comprehensive overview of the market and making more informed trading decisions. However, it also introduces complexities that traders need to navigate carefully. Here are some common mistakes to avoid: Neglecting the Primary Timeframe. One of the most significant mistakes is focusing too heavily on the secondary timeframe and neglecting the primary one. The primary one provides the overall trend direction and context, so it's essential not to lose sight of it. Overcomplicating Analysis. Trading on multiple timeframes can become overwhelming if you overcomplicate your analysis. Using too many multi-timeframe indicators, tools, or charts can lead to analysis paralysis. Keep your approach simple and effective. Ignoring Conflicting Signals. It's not uncommon for different periods to produce conflicting signals. Avoid the mistake of trading solely based on one chart without considering the broader context. Conflicting signals should prompt caution and further analysis. Chasing Short-Term Trends. Day traders may sometimes fall into the trap of chasing short-term trends on very small periods. Avoid the mistake of becoming too focused on micro-trends without considering the bigger picture. Overlooking Risk Management. Regardless of their trading approach, traders should use proper risk management. It's essential to set stop-loss and take-profit levels based on your analysis and risk tolerance for each trade. Neglecting the Market Context. Trading solely based on technical analysis from multiple timeframes may lead to neglecting the broader market context. Be aware of significant economic events, news releases, or geopolitical factors that could impact the market. Final Thoughts Trading on multiple timeframes can be a potent tool when used correctly, but it also comes with its challenges. Avoiding the common mistakes and maintaining discipline in your analysis and execution may lead to more effective trading. If you want to test multi-timeframe trading strategies, open an FXOpen account now! 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 FXOpen227
EURUSD before NFPThe ECB cut interest rates yesterday. This has resulted in large swings but no clear direction in the EURUSD. US jobs data is due today. This is one of the most important news for the USD and will determine the next move in all instruments. The news will be published at 15:30 Bulgarian time. Misleading moves are possible in both directions, so jump into trades after the news.by ForexTrendline5
EURUSDEURUSD has just tapped into a 15m fair value gap and closed above it indicating a very strong buy point and also on the 4hr timeframe you will see a turtle soup, taking down the previous 4-hour low before going up. Longby BigBenCapitals3
EUR/USDProfit limit: 1.09111 1.09587 Check before entering. Remember that there is no 100% in financial marketsLongby ZADERAMEZAN-FXUpdated 5
EURUSD-1H Time Frame-20.05.2024Dear Traders, EURUSD now is in Channel , and i expect price will try Retest Bottom of channel , First TP : 1.08550 Final TP : 1.08300 Dont Forget like&Comment please ! regards, AlirezaShortby alirezakUpdated 5
PREPARE TO SHORT DESCENDING CHANNEL FROMED LAST COFNIRMATIONDear Traders, You know how much I have been trying to find a the new descending channel. It actually been formed already and we are waiting for the last confirmation. One guy from minds published something similar and I got inspired. Shortby geokallidesUpdated 228
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 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
EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090by TVS-TraderUpdated 6
EURUSD analysisFirst we see a EURUSD chart on 15 minute time frame that both swing and internal structures are bullish. second one is that a weak internal low apparently could break by the selling pressure which we can play the bearish order flow until the 15 minute POIs then we will look for longs from the POIs down below and target former 15m internal high.by thisisalimardan5
EURUSD - 4hrs ( Buy Trade Target Range 240 PIP ) ☑️Pair Name : EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.09000 Area Reasons - Major Turn level / D - Visible Range Lvn - Pattern Target - Fibo Golden Zone - Fixed Range Hvn - Choch Zone - Weekly + Daily High Bearish Reversal 1.11400 Area Reasons - Major Turn level / D - Visible Range Lvn - Pattern Target - Major choch Zone - Fibo Golden - Quarter's Area Longby GoldenEngine33255
EURUSD: Once again to increase motivation!Hello everyone, today the EUR/USD pair is trading higher at around 1.0891, despite the recovery of the US Dollar. The European Central Bank's interest rate decision and the press conference by President Christine Lagarde are set for late Thursday. If the outcomes are favorable, EUR/USD could break out of its wedge pattern, as the 34 and 89 EMAs continue to provide positive signals for the buyers.by Alexander_BennettUpdated 131397
Long Position IdeaLong Position Idea Bullish Reversal Probability Bullish Bat on H4 Low Rsi Volume Divergence Longby ironeagle51
EURUSD Analysis: Multi-Timeframe Shorting OpportunityHere’s a detailed look at the EURUSD across multiple timeframes: Weekly Chart: - The market is in a sideways consolidation phase. - The upper trendline has been respected, indicating a potential downside movement. Daily Chart: - Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity. 1-Hourly Chart: - I’m eyeing a retest of the resistance at 1.0863 for a shorting opportunity. What’s your trade plan for EURUSD? Comment down below and share your insights! Happy trading!Shortby RaynLim1