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Fiber

$EURUSD - End Of Week - Economic Calendar vs. Algorithm (SMT)***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT. And I could be extremely off for this. AAAlright so it seems that the Euro has been slowly going down throughout the week. I don't see tomorrow being much different even with NFP numbers coming out. It is acting as if there is still liquiidity to be broken on the sell side. Especially the equal lows right at 1.15400. I think it will break a little higher during the London session and cross the Median of the 15 min Fair Value Gap, probably even cover the FVG it and hit the bearish order block before dropping. One scenario I do have is it hitting that 1.15450 area aas it is a bullish order block under a FVG and stopping there and slowly moving up since it is the end of the week. Howeever, It is NFP Friday, the worst day to trade, So I'm not going to even thinkin about trading this. But I'm putting out my guess as to wht would possibly happen. What we're looking at just below a few deviations below the Asian Range as well as using the fib for a short sell after it gets above premium and into that median of the 15 Min FVG gap around 1.15750, I wouldn't be surprised if thats the time we get the worst volitlitity and people chase it up aand it does go up for a brief moment but then it just falls straight though the Liquidity /equal low area at 1.15400 and the straight on throught to the 175% exxtenssion which just so happens to also be the Mar High of 2020 during the high volatility of Covid around 1.154115 which is also inside a dailly order Block. Chart Seen Here:: We'll just have to wit and see what happens. Happy Trading
Short
by BodiesXWix
$EURUSD - Judas swing to Bearish during London Session *SMT**SMT* - Smart Money Technique - This Means we don't base our technical analysis off trendlines, channels, harmonics, double tops double bottoms, or anything retail has ever taught you. We go off where the liquidity is likely to be setting so that smart money would be going after it to trigger the buy/sell limits and take them out with short stop-losses or chasing the trade. We think of daily bias first and use different methods such as the Asian range order blocks, breakers, etc. There's a lot of smart money vocabulary and if you're not familiar with it or the way it's presented, you may not understand this idea fully. In the short term, the Discount price from the previous ran (61.8%) as a short is exactly where I put my entry, I believe it may get a little higher but I think it's going for Thursday as the low of the week (or high of the week) but Wednesday still has some Sell-side Liquidity it is drawing toward. It did hit the daily bearish order block wick during the trading session today but that could just mean it's going in a little deeper before turning bullish and I still think it has a ways to go in the bearish sentiment before turning bullish. I could be complertely wrong and that it could turn bullish as we've hit the daily bullish order block already (but only the wick). But I have a feeling we'll be diving deeper before this pair turns bullish as it seeks liquidity. We'll just have to wait and see. :) Good Luck and Good trading OANDA:EURUSD
Short
by BodiesXWix
2
EURUSDHey Traders, in this session we're monitoring EURUSD for a selling opportunity around 1.1598 area, i'm bullish on USD this week for most pairs, once i will notice any bearish confirmation the trade will be executed. it's very necessary to take money management in consideration in this type of trades since market movements are more violent on bigger frames comparing to small time frames. also remember to risk 1% of your account size at each trade. 1% means 100 losing trades in a row will knock you out from the market which more unlikely. but if you trade without money management and you risk 20% 25% we're not talking about forex we talk about gambling and we talk about 4-5 losing trades in a row will knock you out from the market. Trade safe, Aim big, risk small. Joe.
by JoeChampion
EurUsd/Fiber Short Term To Intermediate Term OutlookOANDA:EURUSD Piggy Backing Of The DXY_Idea, This is the Short Term To Intermediate Term Swing For EurUsd. DXY is the barometer for Foreign Currencies Movements. With That, Anticipating a short term bullish price swing to the "1.2080" level.(Would love to see previous weeks low swept to hit the "1.1770" figure before the short term bullish price swing) Then we can look out to see the intermediate bearish price swing to the Weekly bearish price Target of "1.1450". The Point is to try and keep it as simple as possible! Good Luck & Good Trading
by CradleOHK
ICT OTE - QUICK 3/1 IN NY on EUR USD today Quick example of the OTE playing out with great confluence, Nice opportunity to snipe some pips from the market today and have risk on and off within 1 hour. ICT concepts and OTE play out in the markets often and with great accuracy and results. this trade had: HTF in favour POC sessions in favour OB areas to be mitigated Expectations based on extensive back testing Volume, Time, Price = ( Volume is the by product of correct time and price )
Short
by hunterprotocolFX
Fiber, 1 Wave, 2 Sells, 1 BuyTurns out the second scenario was correct: A (possibly) simple ABC corrective structure And it looks nicer for taking trades than scenario #1 3 nice trading setups, the first one happened early and the opportunity was also gone so fast that I couldn't share the idea, (I took the short term trade from the line to the current position) But these 2 nice setups (as shown on the chart) are on the horizon for the next week. 😍👍 Happy Trading, Stay Green! ✌️ 💬 Please let me know your view about the idea ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Short
by Forexian
Fiber, 1 wave, 2 sells, 1 buyTurns out the second scenario was correct: A (possibly) simple ABC corrective structure And it looks nicer for taking trades than scenario #1 3 nice trading setups, the first one happened early and the opportunity was also gone so fast that I couldn't share the idea, (I took the short term trade from the line to the current position) But these 2 nice setups (as shown on the chart) are on the horizon for the next week. 😍👍 Happy Trading, Stay Green! ✌️ 💬 Please let me know your view about the idea ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Short
by Forexian
$EURUSD 4:1 R:R On A Short Starting in London If I left my Technical analysis on the bord you all would not even be able to see the chart. Even though I'm Bullish on the Dollar overall, I'm going to be bullish on it with 'existing home sales' on the calendar tomorrow. And with Black Rock buying up homes 20-50% above market price, I think we my see the bulls come the dollars way. Plus there's daily Imbalance in the Dollr that I think it's trying to reach. Then we have EUR consumer confidence tomorrow as well. SoI drew my price very specifically by what is already on the board and having 3 target price. after that we have Powell Testifying and who knows what kind of volatility that will bring if any at all so I wnt to be out of the market by 1:00 p.m. and I personally think this is what the chart will do. I'll Post tomorrow to see if My Smart Money Analysis was dead wrong or close to being correct.I think we're headed for target 3 though which will simultaneous hit the DXY Daily Void at 1.8406 - ish, after that I think we're bullish for thee week on EurUsd,, Just not tomorrow. if and only if the DXY is showing a willingness to go after that daily void. See Chart (The Timing isn't correct since it's on the Daily but I needed to include the Daily void for reference but you get the picture. I'm setting my sell limits now and going to bed, hopefully to some good news. Let's see what happens. Good Luck And Good Trading :) OANDA:EURUSD
Short
by BodiesXWix
$EURUSD - Drop into Tuesday for Low Reversal -Smart Money TheoryI haven't done one of these in a while so here are my thoughts. As we're still bullish long term with foreign (Euro) currency and Tuesday tends to be the day of the high or low, I'm gonn call the low. As you see there's a Turtle Soup the has sellers trapped below a certain area hoping for a return so they can get out of their trade. But the breaker sitting on top of it (which also is the 70.5% retracement of this particular Fractal of the price would be a great opportunity for the institutions to buy nd keep the sellers trapped. As for the News, it's all EUR all night giving the advantage to the algorithm to run the sell side liquidity into the breaker. I would hope it hits the breker just t new york open or close (probblu close) while it led the rest od the wy up Wednesday and Thursday. If I was the Algorithm, this is what I would do to take out retail traders. Just saying ----- Good Luck and Good Trading ;) FOREXCOM:EURUSD
by BodiesXWix