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EURUSD.P trade ideas

day 82 of backtesting i have back tested til 29 july of 2024 the last week was one of the worst days and i was not feeling good abou my trading career but it was all beacuse i was away for charts and because my strateggy has so many details, i was not focused on the details at the time but as i forund out the problem every thing got back to normall. this is the reaqlity of trading and it is not easy at all but one thing we can do is kepp pushing nad trying and maybe we can get successfull one day soon.
by kepsesarzi
1
EurUsd Trade IdeaEU at the moment is another bearish pair with solid structures to support the trend. At the moment we are in a range. Last week we had price respect resistance with a clean push to the downside while breaking those bullish structures within the range. I either want price to flip back to the downside before shorting or wait on price to break above. It is Monday so I'm not expecting any big moves so the move the downside is gonna be my go to here. We'll see what happens.
Short
by OfficialJ23
EURUSD Trade Log### Trade Setup (29/10/2024) - EURUSD Long Re-Entry on 4H FVG 1. Initial Long Entry in 4H FVG: - Target: 1:2 RRR. - Risk: 1% of account per entry. - Stop-Loss: Below the 4H FVG zone. - Entry Signal: Look for a retracement into the 4H FVG with bullish confirmation before entering. 2. Re-Entry Strategy: - Re-enter if price remains within or respects the 4H FVG, showing sustained bullish momentum. - Each re-entry should also follow a 1:2 RRR with an independent stop-loss below the FVG. - Keep cumulative risk of all entries within a maximum of 5% of the account to manage overall exposure. ### Strategy - Multi-timeframe approach focused on the 4H FVG as a support zone for long re-entries. - Monitor for any high-impact USD or Euro news that could influence volatility. - Carefully manage cumulative risk with each re-entry, especially if the trend continues in your favor.
Long
by Fondera-Trading
EUR/USD FACING SELLING PRESSURE. $DXY MULTIPLE PIVOTS POINTSGood morning everyone. Going to try to keep this short and sweet. DXY, as of about 0830EST, broke through all hourly Camarilla resistance levels. The last being 104.560. The next targets would be at 104.795, 104.833, 104.871, and 104.987. EUR/USD has broken through first 1HR/4HR support level at 1.0782. Next two levels would be 1.0772, and 1.0762. After these levels are broken. I'll look to trade to 1.07. Going into this selloff, we were in a bearish symmetrical triangle. Though I do not rely heavily on indicators, MACD, RSI (both reg. and sto.) are aligning with this downward momentum. Stop loss around previous around 1.0830 which the hour 200-EMA is peaking under. The DXY upward pressure is also supported by the election anticipation of Donald J. Trump winning. Rising 10-year yield is also support the greenback. BOJ is not looking to hike rates this week. Listened to a few earnings calls. Everyone is beating earnings so far. VIX is up. Feels like risk-on but keep in mind that the market made a major move up prior to any reports. Folks getting greedy and anxious going into election and big data week. Let's see if JOLTS today, IJC on Thursaday, and NFP on Friday still show a strong labor market. If so, definitely can forget about a 50 bps cut. 94.8% priced in for a 25 bps cut and 5.2% with no cut. Of course, like Socrates, I'm objective and humble to accept that it's possible for none of this to happen. If we get a break back about 1.0805, a level got from my brother @ThePipAssassin I'm tracking resistance levels at 1.0825, 1.0851, 1.0877, and 1.0919. If we get anywhere near these, believe I'll be looking for 1.10 because I did identify a FVG to the downtrend in DXY. Of couse none of this is to be taken as trading or financial advice. I am simple giving you my own analysis. Trade at your own risk and I encourage everyone to do your own research and check my thoughts. Please give feedback. Going to start doing this a lot more. Follow, like, and share por favor. God is love!
Short
by Arkad2021
EUR/USD Struggles at Resistance: Key Levels to WatchEUR/USD Price Report – October 29, 2024 Current Price: 1.07994 USD Daily High: 1.08394 USD Daily Low: 1.07612 USD Volume: Moderate activity at 119 Price Movements EUR/USD is currently trading near 1.07994 USD, reflecting a slight decline after reaching a recent high of 1.08394 USD earlier in the day. The pair shows signs of volatility, fluctuating between support and resistance levels as seen in the recent price action. Key Levels Resistance: 1.08194 - 1.08394 USD: This zone represents the most recent high and acts as a strong resistance level. The price has struggled to maintain gains above this area, as shown by the red markers, indicating multiple failed attempts to breach higher. Support: 1.07700 - 1.07612 USD: The price previously touched these levels, forming a base of support on the downside. A further drop may test this area, which served as a low earlier today. 1.07400 - 1.07300 USD: A secondary support zone from recent sessions, especially on October 24 and October 27. This area will likely act as a floor if the pair continues to decline. Trend Analysis October 24 Pullback: The EUR/USD experienced a significant drop around October 24, falling to the 1.07300 USD level, indicating a period of weakness. Since then, the price has been in recovery mode, rising towards the 1.08000 range but encountering resistance. Current Movement: As of today, the price remains under pressure, encountering resistance near 1.08100 – 1.08300 USD. The chart shows indecisiveness, with a tendency to test lower levels if it cannot break the resistance line. Outlook Bullish Bias: If the price can successfully break above 1.08394 USD, it could lead to a bullish continuation toward higher levels. The next significant resistance would be around 1.08500 USD, where further gains could be achieved. Bearish Bias: If the pair fails to break above the current resistance, we might see a pullback, with a retest of the 1.07700 USD or even 1.07300 USD levels. A sustained break below 1.07300 USD could lead to a deeper bearish correction. Conclusion EUR/USD is at a critical point, testing resistance in the 1.08100 – 1.08300 USD range. A successful breakout could signal bullish momentum, while failure to breach resistance may cause the price to retest support levels around 1.07700 USD or lower. Traders should monitor the price action closely for signs of a breakout or a retracement. Disclaimer: This report is based on current market data and should be used for informational purposes. Always perform additional analysis or seek expert advice before making trading decisions.
Short
by Joekenstein7