Eurusd longs lots of liquidity above
been inducing many downside levels
should drive down fast then bulls will occur
EURUSD.P trade ideas
24-Hour Short-Term Risk-on Risk-off Prediction for 24/10/2024The market is expected to maintain a risk-off stance.
Safe-haven assets, including USD, JPY, CHF, and gold, are likely to continue seeing strong demand. Riskier assets, particularly equities, high-yield currencies, and cryptocurrencies, may face further downside as caution remains prevalent across global markets. Expect subdued activity in stocks and commodities as investors prioritize capital preservation.
This cautious outlook is based on the current market conditions, where uncertainty over global economic growth and geopolitical risks are driving conservative investment behaviors.
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions .
Mastering Range Trading for Higher ProfitsRange trading is a strategy focused on capturing price movements within a defined range, marked by consistent oscillation between two levels—support and resistance. In this approach, support is the level where buyers prevent further declines, while resistance is the level where sellers cap price increases. Range traders aim to profit from buying at support and selling at resistance, capitalizing on predictable price swings.
While range trading is effective during periods of sideways movement, it has its limitations, particularly when the market becomes volatile or when a trend emerges. By integrating range trading with trend-following and breakout strategies, traders can better adapt to changing market conditions. This blended approach allows traders to capture profits in both consolidating and trending markets, maximizing trading opportunities.
Understanding Range Trading
Range trading focuses on identifying a price range where an asset consistently fluctuates between established support and resistance levels. Traders use this predictable pattern to generate profits by entering long positions at support and selling at resistance. Technical indicators, such as oscillators and volume analysis, help confirm entry and exit points within the range. The primary goal is to capitalize on repetitive price movements, with no expectation of a breakout or major trend shift.
Example of Range pattern in S&P500
Key Advantages of Range Trading
-Consistent Trading Opportunities: Ideal for non-trending markets, offering regular chances to profit from predictable price movements.
-Lower Risk: Relies on established support and resistance levels, minimizing the risk of sudden price swings.
-Simplicity: Easy to understand and implement, making it suitable for traders of all levels.
Limitations of Range Trading
-Vulnerability to Breakouts: Prone to significant losses if a breakout occurs and the price moves beyond the defined range.
-Smaller Profit Margins: Focuses on short-term price moves, resulting in lower profits compared to trend-following strategies.
-Market Dependency: Effective only in non-trending conditions; becomes less reliable during strong trends.
Combining Range Trading with Trend-Following
Trend-following strategies focus on riding sustained price movements in one direction. By entering positions in the direction of the trend, traders aim to capture larger gains as the trend progresses. The integration of range trading and trend-following can create a more adaptive trading plan, allowing traders to capitalize on both sideways and trending markets.
Example Range Trading on EUR/USD Following the trend - SMA 50
How to Blend Range Trading and Trend-Following
-Transition Points: During consolidation phases, range trading can be used to capture smaller price movements. When a breakout occurs, traders can shift to trend-following to capture larger price swings.
Indicators for Blending Strategies:
Use the Relative Strength Index (RSI) to identify overbought and oversold conditions within a range.
Practical Implementation:
For example, when a currency pair is range-bound, traders can buy at support and sell at resistance using range trading. If a breakout follows, they can switch to a trend-following strategy by placing trades in the direction of the breakout.
Integrating Breakout Trading with Range Trading
Breakout trading aims to capture significant price movements when the market breaks beyond support or resistance levels. When combined with range trading, it can maximize trading opportunities, especially during high volatility periods.
Breakout example Range Trading EUR/USD
How to Integrate Breakout Trading with Range Trading
Spotting Breakout Setups:
Use range analysis to identify potential breakout points, as repeated tests of support or resistance often signal an impending breakout.
Managing Risk:
Set Stop Loss orders just below/above the breakout level to protect against false breakouts.
Use position sizing to manage risk according to your risk tolerance.
Maximizing Profits:
Use trailing stops to lock in profits as the market continues to move in the breakout direction.
Key Technical Indicators for Blending Strategies
Moving Averages (MA):
Identify trends and confirm breakouts.
-Relative Strength Index (RSI):
Help identify momentum and reversals, suitable for both range trading and trend-following.
Example of RSI Use on Range Trading
Choosing the Right Trading Platform
To effectively blend range trading, trend-following, and breakout strategies, it’s essential to use the right trading platform.
TradingView: Known for its intuitive interface and wide range of indicators, ideal for technical analysis.
Backtesting Tools: Use backtesting features ( from Tradingview ) to evaluate the performance of your integrated strategy against historical data.
In Conclusion combining range trading with trend-following and breakout strategies can significantly enhance your trading performance. This comprehensive approach allows you to capitalize on consolidation phases, trend shifts, and breakout opportunities. By adapting to different market environments, traders can achieve more consistent and profitable results.
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Euro and Yen Weakness Stands OutWe continue to see broad-based demand for the US dollar, though it's clear that most of the dollar strength of late has been against the Euro and the Yen. A new report has been making headlines, discussing a growing group of ECB members who think the central bank has fallen behind the curve on monetary easing.
We've also been hearing plenty of dovish talk from a number of ECB officials. Meanwhile, in Japan, the Yen has been accelerating to the downside, partially due to this dollar demand and partially because of uncertainty heading into the weekend election in Japan.
Looking ahead, we have the Bank of Canada policy decision, ECB President Lagarde's speech, Eurozone consumer confidence readings, existing home sales, Fed speak, and the Fed Beige Book.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EUR/USD will continue to fall down what's your opinion?As after research I got to know that EUR/USD will continue to fall down their is strong sell according to technical analysis and indicators what you think about it
EURUSD on the 1 year Support!EURUSD hit today the Rising Support trend line that is in effect for 1 full year.
The 1day RSI is vastly oversold, which was the case both on the April 16th 2024 and October 3rd 2023 contacts with the Rising Support.
The last bottom rebounded to the 0.618 Fib before pulling back again.
This is a standard low risk bullish signal. Buy and target 1.10250 (Fib 0.618).
Previous chart:
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EURUSD short ideaIf we break structure on the 5 minute char I would like to see retest and then drop into lower prices.
EURUSDHead and shoulders, not more to say, I’m pretty sure the EUR is going down the hold week but with some strong pull back.
Let’s see I’m going to enter soon if I see my confirmations.
EUR/USD AnalysisAs I hinted yesterday, the Euro is moving to collect liquidity (LQY) in the lower zones. However, tomorrow we have very important news at the opening of the London Stock Exchange, which could push the Euro bullish as there are several liquidity zones above on the hourly (H) charts.
Such movement would allow the Euro to pick up sell orders and continue with its bearish structure. Tomorrow, I will wait for the news to pass before tracking what the price will do.
Tomorrow, we need to be patient and avoid trading during the news period.
EURUSD long idealooks like there is going to be a retracement, I would like to see at least the nearby short term high taken as depicted.
are the bears taking a pause on EUR/USD?my sentiment on EUR/USD is bullish. from the Daily timeframe a fall has been happening, but the indicators give an oversold signal. with numbers indicating the buyers schould start coming in at any point this week. on the daily we entered a nice demand zone, on the 4H timeframe we have a nice demand zone (green bar). and that wil be my entry.
what i am waiting to see now is a nice rejection on the 4Hdemand zone for an entry.
EURUSD Local Long!EUR-USD is going down
But the pair will soon
Hit a horizontal support
Of 1.06978 from where
A local bullish rebound
Will be expected !
EURUSD long idea I Like the double bottom for support to take it higher, i will target previous day 9 am NY time highs .
EURUSD SHORTIt was a good entry point for a buy or for a sell. I will go for a sell right now since the price is rejecting that zone, we start we a really strong candle down so lets wait for a retest on my golden point of fibo, this is a RR 2:1
EURUSD: Growth & Bullish Forecast
The recent price action on the EURUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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EURUSD CISD TRADING IDEAThe price already form CISD in M15 moreover it was pull back from the higher timeframe with that we can enter with confidence as long trade
BUY EURUSDIn todays session we are monitoring EURUSD for buying opportunities. Our entry is at 1.07740 and our stops are below 1.07520 our targets are as high as 1.08558. Use proper risk management and own due diligence before entry.
EUR/USD Extends Decline Amid USD Strength and Weak Eurozone DataThe EUR/USD pair continues its downward trajectory, trading near fresh multi-week lows around the 1.0769 mark during Wednesday’s mid-European session. This decline reflects the ongoing strength of the US Dollar, fueled by a gloomy market sentiment and growing concerns surrounding the upcoming US Presidential election. Meanwhile, the Euro faces downward pressure due to lackluster local macroeconomic indicators, suggesting that the Eurozone's economic challenges persist into the final quarter of the year.
Factors Driving the EUR/USD Decline
1. US Dollar Strength
The US Dollar remains dominant, driven by risk aversion as investors seek safe-haven assets amidst increasing political uncertainty in the US. The potential impact of the presidential election has added to market jitters, with investors favoring the Greenback for its perceived stability.
Additionally, strong US economic data has reinforced the USD's bullish sentiment, suggesting that the US economy continues to outperform its European counterpart. This divergence adds further pressure on the Euro and pushes the EUR/USD lower.
2. Weak Eurozone Macro Data
The Euro struggles to gain traction, weighed down by recent disappointing economic figures from the Eurozone. The latest data indicates ongoing challenges in manufacturing and consumer sentiment, suggesting that the region's economic recovery may be faltering.
Persistent economic sluggishness in major Eurozone economies, like Germany and France, has dampened confidence in the Euro, as investors remain cautious about the currency's short-term prospects.
Technical Analysis: EUR/USD Approaches Key Demand Zone
As anticipated in our previous forecast, the EUR/USD has bypassed an intermediate demand zone and is now approaching a more robust support area at the lower level. Here are the key factors at play:
Commitment of Traders (COT) Report:
According to the latest COT report, retail traders remain heavily bearish on the Euro, while institutional investors (often referred to as “smart money”) have begun to move in the opposite direction, accumulating long positions. This shift in positioning hints at a potential turnaround as the EUR/USD nears significant demand levels.
DXY Overbought Condition:
The US Dollar Index (DXY), which tracks the performance of the Greenback against a basket of major currencies, is currently in overbought territory. This condition suggests that the USD rally could be losing steam, potentially paving the way for a EUR/USD rebound.
The technical overextension of the DXY aligns with the prospect of a retracement, providing additional support for the Euro at the upcoming demand area.
Buy Limit Setup:
With the EUR/USD nearing a critical demand zone, we are considering placing a buy limit order. This approach aims to capitalize on a potential reversal at the lower demand area, which is supported by both technical indicators and the shifting COT report dynamics.
Trading Strategy: Buy Limit on Demand Area
Given the current conditions, a buy limit order near the next demand area presents a favorable risk-reward setup. Here’s how we’re approaching this potential trade:
Entry: Set a buy limit order just above the upcoming demand zone, targeting a potential rebound in the EUR/USD pair.
Stop Loss: Place a tight stop loss below the demand area to manage risk in case of a continued slide.
Target: Aim for a near-term bounce back toward resistance levels, aligning with potential DXY weakness and institutional positioning.
Final Thoughts: Cautious Optimism for a EUR/USD Rebound
While the EUR/USD remains under pressure due to the prevailing USD strength and weak Eurozone data, technical factors and shifting market positioning suggest a potential short-term reversal. As the pair approaches a critical demand zone, a carefully placed buy limit order could offer a promising entry opportunity.
With political uncertainty in the US and a potentially overbought USD, traders should monitor upcoming data releases and market sentiment closely, as these factors could influence the timing and magnitude of a possible EUR/USD bounce. As always, risk management is crucial, especially in a volatile environment shaped by macroeconomic and geopolitical factors.
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#eurusd #elliottwave long buy setup monthly 23Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BUY Minimum margin in % -5000% If less forget it. The base effect impact in the inflation will take places soon. Winter, Christmas.
What happens if President Trump wins the election ?I will be adding shorting positions on this pair soon. The risk/reward ratio look good.....
Please DYODD
DROP ON EU??Currently the pair is in a bearish trend and is likely to continue. Price is realistically headed towards the weekly support level which is 33 pips away from my entry. If the 4hr low gets broken, the weekly is the likely destination.
ONLY TIME WILL TELL.
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 10.07915
Wish you good luck in trading to you all!
