Get started

Euro / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURUSD trade ideas

EURUSD Ahead of FOMC and Its Possible ImpactEURUSD Ahead of FOMC and Its Possible Impact The Federal Reserve is anticipated to cut the policy rate by 25 basis points at its final meeting of 2024. Remarks from Fed Chairman Powell and the updated dot plot are likely to offer crucial insights into the future direction of interest rates. As a result, the US Dollar's value could be significantly affected. Technical Analysis: The FOMC meeting is the biggest event this month. A dovish decision by the FOMC could push the price above the pattern. If EURUSD breaks through 1.0530, which appears to be a strong resistance zone, then the only direction should be up in the coming days, as shown in the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
20
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? In recent weeks, the EUR/USD pair has been in a downward trend and is currently trading below a significant resistance zone. As long as the price remains below this resistance, the bearish movement is expected to continue. However, if the price breaks above the identified resistance zone, this analysis will be invalidated, and a potential trend reversal may occur. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
13
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0560 level and fell to support line, after which rose to resistance line and continued to fall. Then price made a gap and fell to support level, after which some time traded near and then made upward impulse. Price broke resistance line with resistance level, and rose to $1.0630 points, but then it started to fall. In falling channel, price broke $1.0560 level again and fell to support area, after which bounced up, making a fake breakout. Next, Euro started to grow and now it continues to move up, therefore I think it can almost reach resistance line. After this, price can turn around and start to fall to $1.0470 support level inside falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
12
Comprehensive Guide to Bull and Bear Flag PatternsBull and bear flag patterns are some of the most reliable and widely used chart patterns in technical analysis. These patterns are particularly effective for traders who prefer trading with the trend, offering clear entry and exit points. They appear frequently in trending markets and represent short consolidations before the trend resumes. In this guide, we’ll cover the characteristics of bull and bear flags, trading strategies, and how to enhance your flag trading using multi-timeframe analysis. What Are Bull and Bear Flag Patterns? Bull and bear flags are continuation patterns, meaning they signal the potential for a price move to continue in the direction of the prior trend after a brief consolidation or retracement. Bull Flag: This pattern occurs during an uptrend. After a sharp rise in price (the flagpole), the price begins to consolidate within a downward-sloping channel (the flag). A breakout to the upside typically follows, continuing the trend. Bear Flag: In a downtrend, after a strong decline (the flagpole), the price consolidates in an upward-sloping channel (the flag). When the price breaks downward, it continues the downtrend. These patterns are valuable for traders as they provide clear entry signals when the price breaks out of the flag's consolidation range. Anatomy of a Flag Pattern The flag pattern consists of two main components: The Flagpole: This is the sharp price movement that occurs in the direction of the trend. It signifies strong momentum and establishes the direction in which the trend is moving. The Flag: The flag is a period of consolidation or retracement that follows the flagpole. The price moves within parallel or slightly converging trendlines and typically retraces about 30% to 50% of the flagpole. The flag represents a pause in the market before the trend resumes. Key Characteristics: Bullish Flag: Occurs in an uptrend, and the consolidation takes place in a downward-sloping channel. Bearish Flag: Occurs in a downtrend, and the consolidation takes place in an upward-sloping channel. Volume (if you trade Crypto or stocks) tends to decrease during the consolidation phase and increases significantly at the breakout point, confirming the continuation of the trend. Trading Strategies for Bull and Bear Flags While bull and bear flags are relatively simple to identify, using different strategies can help enhance the effectiveness of trades. Here’s a breakdown of the most effective approaches to trading these patterns: 1. Breakout Strategy The breakout strategy is a straightforward approach that traders use to enter a position when the price breaks out of the flag's consolidation. This marks the continuation of the trend and offers a high-probability setup. Entry: Enter the trade when the price breaks above the upper trendline of a bull flag or below the lower trendline of a bear flag. Stop-Loss: Place the stop just outside the flag’s opposite boundary (below the flag for bull flags or above for bear flags). Take-Profit: Measure the length of the flagpole and project it from the breakout point. This will give you a target for where the price could potentially move. 2. Multi-Timeframe Strategy The multi-timeframe strategy involves using multiple timeframes to analyze the flag pattern. This strategy can provide a more robust confirmation for entering the trade, as it gives you a broader perspective on the overall trend. Higher Timeframe Analysis: Begin by analyzing a higher timeframe (e.g., the daily chart). Look for a strong trend, either bullish or bearish, and identify if a flag pattern is forming within this trend. Lower Timeframe Confirmation: Once the pattern is identified on the higher timeframe, zoom in on a lower timeframe (e.g., the 1-hour or 4-hour chart) for precise entry points. Look for the price to break out of the flag pattern on the lower timeframe, confirming the trend continuation. Why Use This Strategy? Multi-timeframe analysis reduces the risk of false breakouts by confirming the broader trend on a higher timeframe. It allows you to refine your entries by using a lower timeframe for greater precision. Note: A critical benefit of this strategy is its ability to significantly enhance the risk-to-reward (R:R) ratio, with the example presented achieving an impressive 1:5 ratio. This means that for every unit of risk taken, the potential reward is five times greater—a highly efficient use of capital and risk management. 3. Pullback Entry Strategy The pullback entry strategy offers a more conservative approach to trading flag patterns. Instead of entering at the initial breakout, this strategy waits for a pullback toward the breakout level to confirm the trend’s continuation. Entry: Enter the trade after the breakout has occurred but wait for the price to pull back to the flag’s trendline. This pullback gives you a better risk-to-reward ratio. Stop-Loss: Place the stop just below the flag’s trendline for a bull flag or above it for a bear flag. Take-Profit: As with the breakout strategy, project the flagpole's length from the breakout point for your target. When Not to Trade Flag Patterns While flag patterns are reliable, they are not always guaranteed to work. There are specific conditions when you should avoid trading them: Choppy or Sideways Markets: Flags perform best in trending markets. If the market is choppy or moving sideways, flag patterns are less likely to lead to a strong breakout. Weak Flags: If the flag's consolidation is too broad or the market loses momentum during the consolidation, the breakout may be weak or fail altogether. Conclusion Bull and bear flag patterns are essential tools in any trader's toolkit, offering high-probability setups in trending markets. By understanding how to spot them, applying different trading strategies, and incorporating multi-timeframe analysis, traders can enhance their chances of success. Final Tip: Always combine flag patterns with good risk management techniques, such as proper stop-loss placement and positive risk:reward.
Education
by Mihai_Iacob
8
Solo Trading in a Frenzied Market: Avoiding the Crowd TrapIn the world of trading, the crowd effect is a serious psychological obstacle that often causes traders to lose their way. This phenomenon, where traders make decisions based on the majority's actions rather than their own analysis, can result in impulsive buying or selling. As many traders point out, such decisions often end in financial losses. 📍 Understanding the Crowd Effect The crowd effect is based on the tendency of people to obey the actions of the majority. In the trading arena, it can manifest itself when traders jump on the bandwagon and buy assets during an uptrend in the market or hastily sell them during a downtrend due to panic. While trend trading may be logical - after all, if most people are buying, it may seem unwise to resist the flow - there is a delicate balance to be struck here. Joining a long-term uptrend can lead to buying assets at their peak. This is especially evident in cryptocurrency markets, where FOMO can cause prices to rise artificially, allowing an experienced market maker to capitalize on these moments by selling off assets at peak levels. 📍 The Dangers of the Crowd Effect for Traders • Impulsive Decision-Making: Crowd-driven decisions are rarely based on careful analysis, increasing the risk of costly mistakes. • Ignoring Personal Strategy: Traders often abandon their trading plans in the heat of mass panic or excitement, forgetting the essential disciplines that guide their decisions. • Overestimating Risks: Following the herd can lead to overextended positions in the expectation of “guaranteed” profits, further increasing potential losses. • Market Bubbles and Crashes: Collective crowd behavior can lead to market bubbles and sharp declines, negatively affecting all participants. 📍 Examples of the Crowd Effect ▸ Bull Market and FOMO: During a strong uptrend, new traders may be attracted by the sight of other people buying assets. They often join the frenzy at the peak of prices and then take losses when the market corrects. ▸ Bear Market and Panic Selling: During a downturn, fear can prompt traders to sell off massively, minimizing their ability to recoup losses in a recovering market. ▸ Social Media Influence: In today's digital age, the opinions of self-proclaimed market “gurus” can prompt uncritical investment decisions. Traders may buy trending assets without proper analysis, leading to losses when prices inevitably fall. 📍 Why Traders Give in to Crowd Influence Several psychological factors underlie why traders may succumb to the crowd effect: ▪️ Fear of Being Wrong: Traders derive a sense of security by aligning with the majority, even when it contradicts their logic. ▪️ Desire for Social Approval: The inclination to conform can lead to decisions based on collective trends rather than independent analysis. ▪️ Emotional Traps: High volatility can spread feelings of euphoria or panic, swaying traders away from rational decision-making. ▪️ Cognitive Distortions: The phenomenon of groupthink reinforces the false belief that popular decisions are invariably correct. ▪️ Lack of Confidence: Inexperienced traders, particularly, may align themselves with the crowd out of insecurity in their own judgment. 📍 Steps to Mitigate the Crowd Effect 🔹 Develop a Clear Trading Strategy: Create and adhere to a trading plan that reflects your risk tolerance, and trust it even when market participants act differently. 🔹 Avoid Emotional Decision-Making: Base your trading on systematic analysis rather than fleeting market sentiment. Take a moment to pause and assess your emotions before making critical choices. 🔹 Limit External Influences: Steer clear of forums and social media during volatile periods; avoid following advice without verifiable research. 🔹 Employ Objective Analysis Tools: Lean on technical and fundamental analysis instead of crowd sentiment. Identify patterns and levels for entry and exit rather than moving with the trending tide. 🔹 Enhance Self-Confidence: Fortify your market knowledge and trading strategy to reduce reliance on crowd validation. Keep a trading journal to document your successes and the soundness of your decisions. 🔹 Manage Risks Wisely: Never invest more than you can afford to lose. Segment your capital to mitigate the impact of any sizable losses. 🔹 Assess Crowd Behavior: Use indicators, such as market sentiment and trading volume, to gauge the crowd's actions, but retain the independence of thought. Remember that crowds can often misjudge trend reversals. 📍 Conclusion The crowd effect poses a serious threat to rational decision-making in trading. However, through disciplined strategies, thorough analysis, and effective emotion management, traders can minimize adverse impacts. Remember that successful trading is rooted in objectivity and independent judgment rather than blind conformity. “The market favors traders who think independently instead of conforming to the crowd.” Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
13
Euro can fall to buyer zone and then rebound upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and started to grow inside the upward channel. In this channel, the price grew to the resistance line, after which turned around and started to decline in a downward channel, exiting from the upward channel. In this channel, the Euro declined to the seller zone, where it soon broke the 1.0485 level and fell to the support line, but soon turned around and backed up. Next, the price some time traded near the resistance level and later rebounded and made a strong impulse down, breaking the 1.0390 support level, which coincided with the buyer zone, thereby exiting from the downward channel as well. Later Euro turned around and started to grow and some time later reached the 1.0390 level, broke it, and continued to move up. But a not long time ago, the price started to decline, so, for this case, I think that the price can decline to the buyer zone. AFter this movement, Euro will turn around and start to move up to the resistance level from the buyer zone. Therefore I set my TP at 1.0485 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Sell EURUSD Bearish ChannelThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0437 2nd Support – 1.0410 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
11
eurusd short/long +180/+180 swing trade setup🔸Hello traders, let's review the 1hour chart for EURUSD today. We are currently stuck in 180 pips high/low range, so it's best to focus on selling high and buying low in current market conditions. 🔸Key levels for eurusd traders: 0420 s/r bulls, 0600s/r bears, 0600 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for eurusd traders: the sequence is short / long so you want to short high off the s/r bears at 0600 SL 40 TP 0420 pips, this is the the reversal play / re-test of the mirror s/r bulls at 0420 then flip long at/near 0420+-20 pips SL 40 pips TP1 +90 TP2 +180 pips final exit bulls at mirror s/r at 0600. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
10
Lingrid | EURUSD Bearish Momentum Persists. ShortFX:EURUSD dropped after the news was released and is now pulling back toward the resistance zone. The price is slowing down and forming rejection candles, indicating a potential reversal at this resistance zone. On the 1H chart, the price is showing an ABCD pullback pattern. Given the bearish sentiment, I believe the market might continue to move downward. I expect a pullback to the resistance zone around 1.04300 before the bearish trend resumes. My goal is support zone around 1.03260 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
The Importance of a Growth Mindset in TradingTrading is often seen as a high-stakes endeavor where markets can pivot dramatically, leaving traders with either significant profits or devastating losses. While technical analysis, market knowledge, and strategic planning are essential components of successful trading, one often overlooked factor that can greatly influence performance is the trader's mindset. Specifically, adopting a growth mindset is vital for anyone serious about trading. Let’s delve deeper into what a growth mindset entails, why it’s important, and how it can transform your trading journey. What is a Growth Mindset? The concept of a growth mindset was popularized by psychologist Carol Dweck, who defined it as the belief that abilities and intelligence can be developed through dedication, hard work, and perseverance. This contrasts with a fixed mindset, where individuals believe their talents and intelligence are static and unchangeable. In the context of trading, a growth mindset involves the following key attributes: 1. Embracing Challenges: Instead of avoiding challenging trading situations or difficult market conditions, traders with a growth mindset see these as opportunities to grow and learn. They understand that facing challenges head-on can lead to skill development and greater resilience. 2. Learning from Mistakes: Rather than viewing losses as failures or signs of inadequacy, those with a growth mindset analyze their mistakes to extract lessons. They use these insights to refine their strategies and decision-making processes, thus turning setbacks into powerful learning experiences. 3. Valuing Effort: A growth-oriented trader recognizes that consistent effort is critical in mastering the art of trading. They dedicate time to studying market trends, testing trading strategies, and continuing education to ensure they’re continuously evolving. 4. Seeking Feedback: Open to constructive criticism, traders with a growth mindset actively seek feedback from mentors, peers, and analyses of their own trades. This openness fosters an environment of continuous improvement. 5. Persistence: A belief in development encourages traders to remain persistent, even when faced with prolonged losses. They maintain focus on long-term goals and resist the temptation to give up easily. Read Also: Why a Growth Mindset is Essential for Traders 1. Navigating Market Volatility The financial markets are inherently unpredictable, characterized by rapid fluctuations. A growth mindset allows traders to remain calm and composed under pressure. Rather than panicking during a downturn or an unexpected event, they approach the situation with curiosity, seeking to understand the underlying factors and exploring new strategies that can be implemented. 2. Enhancing Adaptability Markets evolve, and strategies that may have worked in the past can become less effective over time. A trader with a growth mindset is adaptable; they recognize that flexibility is key to thriving in changing conditions. They frequently reassess their approaches and are open to integrating new tools, technologies, and methodologies into their trading arsenal. 3. Increasing Resilience Trading is replete with emotional highs and lows. A growth mindset equips traders with the emotional resilience needed to cope with the inevitable losses and setbacks. Instead of being bogged down by failure, resilient traders bounce back quicker, armed with the understanding that every loss can serve as a stepping stone toward success. 4. Cultivating a Practice of Continuous Learning The financial markets are a dynamic landscape filled with opportunities for education and growth. Traders with a growth mindset dedicate themselves to continuous learning, whether through reading books, attending seminars, or following market analysts. This pursuit of knowledge can lead to innovative strategies and a deeper understanding of market behavior. 5. Building a Supportive Network Traders with a growth mindset tend to foster connections with like-minded individuals. They understand the importance of collaboration and knowledge-sharing. This network can serve as a source of inspiration, motivation, and support, which is critical when navigating the inevitable challenges of trading. Read Also: Implementing a Growth Mindset in Trading 1. Reflect on Your Beliefs Identify whether you lean toward a growth mindset or a fixed mindset. Ask yourself how you typically respond to challenges, mistakes, and feedback. This self-awareness is the first step toward fostering a growth-oriented approach. 2. Reframe Your Thoughts Start practicing cognitive reframing. When you encounter a setback, instead of thinking, “I failed,” try shifting your perspective to, “What can I learn from this experience?” By changing how you interpret setbacks, you can redefine your journey as one of growth and development. 3. Set Process-Oriented Goals Focus on setting goals that emphasize learning and improvement rather than solely outcomes. Instead of aiming just for a specific profit target, you might set goals related to developing a new strategy, completing a trading course, or mastering technical analysis. 4. Embrace a Routine of Self-Reflection After each trading session, take time to reflect on what went well and what didn’t. Maintain a trading journal where you document your thought processes, decisions, and emotions during trades. Regular reflection will help you internalize lessons learned and continuously develop your mindset. 5. Seek Mentorship and Community Surround yourself with individuals who share a growth mindset. Engage with mentors, join trading groups, and participate in forums where members encourage one another to learn and grow. Learning from others' experiences can amplify your growth journey. Read Also: Conclusion The world of trading is as much an emotional and psychological exercise as it is a financial one. Cultivating a growth mindset is vital to navigating this complex landscape successfully. By embracing challenges, learning from mistakes, remaining adaptable, and persisting in the face of adversity, traders can elevate their performance and ultimately achieve greater financial success. Trading is not simply about making money; it's about growth—both as a trader and as an individual. In a world that constantly presents challenges, a growth mindset empowers traders to thrive amidst uncertainty, turning obstacles into stepping stones toward their goals. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
9
HelenP. I Euro can reach trend line, break it, and continue riseHi folks today I'm prepared for you Euro analytics. Some time ago price traded between resistance 2, which coincided with the resistance zone, and then rose until to trend line, making a first gap. After this, EUR turned around and dropped below resistance 2, breaking it and then made a retest, after which dropped to resistance 1, which coincided with one more resistance zone. Next, the price broke this level and started to trades inside consolidation, where it soon fell to the support level, which coincided with the support zone and even made a movement down to 1.0330 points. Then in a short time, the EUR backed up to consolidation, making a second gap, and then rose to the trend line inside the range. After this movement, the price turned around and declined to the support level, where trades are near now. In my mind, EURUSD will rise to the trend line, and then make little correction movement. Then price can break this line and continue to move up to the 1.0630 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
EUR/USD long: Thank you first buddy!Yup, the heading of this idea is very much tongue in cheek. The Euro is fundamentally on the backfoot, especially after the confusing FOMC "we are slowing down while walking into this dark room" rate cut. WTH??? No need to cut because the Labor market is A OK, but we are cutting anyway because inflation may increase again. Call me dumb but I replayed that Press Conference over and over again. My take away: The FOMC is very aware of the impact after January 20 2024. The former guy is back and this time around he is bringing his new best friend along for the ride. Well, we all know how these bromances work out in his world. They don't last but up until then, they are already starting to cause chaos as they go along. Democrats and some Republicans have been raising the alarm about our democracy being under attack for some time now. There you have it. The second generation American and the Naturalized immigrant citizen are now running our beloved United States. The first mentioned not even in office yet and the other one not an elected official. But they bad mouth immigrants like these people are the spawn of the devil, conveniently forgetting their own roots. Between the two of them the have the money and social media resources to tank the current spending bill negotiations and they did so with glee. I am certainly not anti immigration because immigrants are still the backbone of our economy. Why do you think is the Labor market so strong? Because a significant percentage of the reported 10 million plus recent immigrants are willing to work in slaughter houses, scrub floors, pick oranges for the Mar-A-Lago guests' freshly squeezed juice, clean Wall Street offices at 2 AM and so on. I am also not anti cutting unnecessary Government spending but this is not Twitter. The individuals who will be affected won't be Musk and his numerous children or Trump living in luxury in Mar-A-Lago. It will be our Military Troops, the same people who defend us and sacrifice their lives for our country and quite frankly the International Order who will not have a pay check next week. And they do not plead bone spurs to avoid duty to their country... Our TSA agents and air traffic controllers who will have to work with deferred pay to get us to our Holiday destinations to be with family. In case, dear colleagues, you have not noticed: I AM FURIOUS at the current state of affairs and incomprehensible hypocrisy and blatant cronyism in this country. Musk stands to gain more than anyone else from this cozy relationship. Space X Federal contacts, removing self driving regulations, stopping numerous active investigations into his businesses, boosting his crypto investments etc. If you, dear reader, is a fan-boy/girl, have at it. I do not put my money in the hands or pockets of people like these two. Technically, the chart should explain my reasoning. So far, the recent low has been respected. Some indicators are turning up. We also have USD PCE on tap tomorrow. And investors DO NOT like uncertainty like the potential Government shutdown by tomorrow night. There is also a break down level that has to be revisited per the resistance zone on the chart. This is not a change in trend but merely a technical correction if it plays out. BTW, I am also short AUD/JPY as a technical correction. My long EUR/USD from the lows and short from the 1.0420 level have played out profitably. And I am long EUR/USD again. Finally, Happy Holidays and have a rocking 2025 trading around and through the guaranteed chaos.
Long
by jvrfxalerts
9
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
1-Minute Scalping Trading Strategies With Examples1-Minute Scalping Trading Strategies With Examples Scalping is a popular trading style capitalising on rapid, small price movements within minutes. 1-minute scalping strategies are often used by traders but require precise execution and solid understanding of technical indicators. This article explores four 1-min scalping strategies, detailing the indicators used alongside specific entries and exits. Understanding 1-Minute Scalping 1-minute scalping is a fast-paced trading style focusing on taking advantage of small price movements within a minute timeframe. Traders using this approach rely on 1-minute charts to make quick, multiple trades throughout the trading session. The primary goal is to accumulate potential small gains that might add up to larger returns over time. A scalp trading strategy requires a solid understanding of technical analysis and market conditions. Scalpers typically use indicators, price action patterns, and trend analysis to identify short-term market movements and potential entry and exit points. The rapid nature of 1-minute scalping demands precision and discipline, as even a slight delay can impact the trade outcome. One of the key advantages of 1-minute scalping is the ability to generate frequent trading opportunities, which can be particularly appealing during volatile market conditions. However, it also comes with higher risks due to the speed and frequency of trades, meaning risk management plays a significant role. Scalpers must also be aware of transaction costs, as frequent trading can lead to significant fees, which can erode potential returns. Choosing a broker with low commissions, tight spreads, and fast execution speeds is essential to maximise a scalping forex strategy’s potential. FXOpen provides an ideal environment for scalping trading strategies, with commissions from $1.50 per lot, spreads from 0.0 pips, and ultra-fast execution. Open an account! Four 1-Minute Scalping Strategies Now, let’s take a closer look at four 1-minute trading strategies. To apply these strategies, see how they work in practice, and access each of these 1-minute scalping indicators, consider following along in FXOpen’s free TickTrader trading platform. Strategy 1: VWAP + MACD Indicators Used - VWAP (Volume Weighted Average Price): VWAP calculates the average price a security has traded at throughout the day, based on both volume and price. It helps traders understand the trend and identify potential support and resistance levels. - MACD (Moving Average Convergence Divergence): MACD is an indicator that visualises the relationship between two moving averages. MACD settings for a 1-minute chart are standard: the MACD line is derived from the difference between the 12-period and 26-period exponential moving averages (EMA), while the signal line is a 9-period EMA of the MACD line. VWAP and MACD work well together by providing both trend and momentum analysis. VWAP helps identify the overall trend and significant price levels, while MACD offers insights into momentum changes. This combination can help traders determine entries by confirming trends and potential reversals. Entry - Traders typically look for the price to close through the VWAP, with the MACD turning from positive to negative or vice versa. This coincides with the signal line crossing over the MACD line. - Alternatively, another common entry point is when the price uses the VWAP as a level of support or resistance, confirmed by the MACD turning from positive to negative or vice versa. These triggers will likely occur within a few candles of each other, typically within 4 or 5 candles. Stop Loss - Stop losses are often set just beyond a recent high or low swing point, which helps potentially protect against losses if the market moves unexpectedly. Take Profit - Traders commonly take profits when the signal line crosses the MACD line in the opposite direction, and the histogram switches from positive to negative or vice versa. This approach allows traders to take advantage of momentum shifts and potentially lock in gains as the trend changes. - However, some may prefer to exit at a significant support or resistance level in order to maximise potential gains. Strategy 2: Keltner Channels + RSI Indicators Used - Keltner Channels: A volatility-based envelope set above and below an exponential moving average. The channels are typically set to two average true range (ATR) values away from the EMA. They help identify overbought and oversold conditions and potential breakouts. - RSI (Relative Strength Index): A momentum oscillator that gauges the rate and extent of price changes. It ranges between 0 and 100, where readings above 70 signal overbought conditions, and readings below 30 indicate oversold conditions. RSI can also indicate bullishness when it crosses above 50 and vice versa. The Keltner Channels and RSI strategy leverages volatility and momentum to identify effective trading opportunities. By combining the channels, which offer insights into breakouts, with the RSI, which gauges momentum, traders can uncover trading opportunities on the 1-minute chart. Entry - Traders often look for two or more closes outside of the Keltner Channel and ideally strong and/or consecutive green (bullish) or red (bearish) candles. - This is confirmed by the RSI recently breaking above 50 for bullish signals or below 50 for bearish signals. The combination of strong price action and momentum change helps traders identify potential trend continuations. Stop Loss - Stop losses are commonly set beyond the opposite side of the Keltner Channel to potentially protect against adverse price movements. - For a higher risk-reward ratio, traders might place stop losses beyond a nearby swing candle. Take Profit - Traders typically take profits when the price crosses back beyond the Keltner Channel's midpoint or reaches the opposite side of the channel, indicating a potential exhaustion of the current move. - Alternatively, profits may be taken when RSI moves beyond 70 (overbought) or below 30 (oversold), signalling potential reversals in price direction. Strategy 3: ALMA + Stochastic Indicators Used - ALMA (Arnaud Legoux Moving Average): ALMA is a moving average that aims to smooth price data while reducing lag. The settings used are 21 for the window size, 0.85 for the offset, and 6 for the sigma. This combination helps in identifying the trend with greater precision. - Stochastic Oscillator: The Stochastic measures the location of the close relative to the high-low range over a set period. Settings of 21, 1, 3 are used to capture momentum and potential reversal points. A figure above 80 signals overbought conditions, while below 20 indicates the opposite. Combining ALMA with the Stochastic Oscillator allows traders to identify potential reversals in trends. ALMA provides a smoothed view of the price trend, while the Stochastic Oscillator offers momentum-based signals, helping to confirm the strength of a move. Entry - Traders look for the price to close through the ALMA, ideally with a strong close, which suggests a potential trend change. - This is confirmed by the Stochastic Oscillator crossing below 80 for a bearish signal or above 20 for a bullish signal, indicating momentum alignment with the trend. Note that price may fluctuate above and below the ALMA in ranging conditions and produce false signals. Stop Loss - Stop losses are typically set beyond the nearest swing point, which helps to potentially protect against adverse price movements. Take Profit - Traders typically take profits when the Stochastic reaches the opposite territory (e.g., from above 80 to below 20 for a bearish move), indicating a potential exhaustion of the current trend. - Alternatively, profits may be taken at identified areas of support or resistance, where price action historically reacts, providing a logical exit point. Strategy 4: RSI + Bollinger Bands Indicators Used - RSI (Relative Strength Index): For this strategy, RSI setting for a 1-minute chart is a length of 4, with overbought and oversold boundaries at 80 and 20, respectively. These RSI settings for the 1-minute chart help in identifying short-term overbought and oversold conditions. - Bollinger Bands: Bollinger Bands settings for a 1-minute chart are a 20-period simple moving average (middle band) and two outer bands set at a standard deviation level of 2 from the middle band. They help identify periods of high and low volatility as well as potential reversal points. The combination of RSI and Bollinger Bands allows traders to identify potential short-term reversals in the market. The Bollinger Bands provide a dynamic range for price action, while the RSI helps confirm overbought or oversold conditions, improving the accuracy of entry and exit points. Entry - Traders often enter when the RSI crosses below 80 from above or above 20 from below, signalling an exit from potential overbought or oversold conditions. - This entry is confirmed when the price is also touching or breaching the Bollinger Band, indicating the likelihood of a short-term reversal. Stop Loss - Stop losses are typically set beyond a nearby swing point or just outside the Bollinger Band, providing potential protection against significant adverse price movements and giving the trade room to develop. Take Profit - Traders commonly take profits when the price touches the opposing Bollinger Band, suggesting a potential end to the current price move. - Alternatively, some may take profits when the RSI crosses into the opposing overbought or oversold territory, indicating a shift in momentum. The Bottom Line Mastering a 1-minute scalping strategy can potentially enhance your trading performance. To take advantage of these techniques, consider opening an FXOpen account. As a regulated broker, FXOpen offers access to over 600 markets for scalping, supported by commissions as low as $1.50 and spreads from 0.0 pips. With the right tools and strategies, you can navigate today’s fast-paced trading environment effectively. FAQ What Is the 1-Minute Timeframe Trading Strategy? The 1-minute timeframe trading strategy involves making multiple trades within a single minute, aiming to capture small price movements. Traders use a 1-min scalping strategy to identify quick trading opportunities and rely heavily on technical indicators for entry and exit points. Which Indicator Is Best for 1-Minute Scalping? There is no single best 1-minute scalping strategy indicator; it comes down to preference and experience. However, popular choices include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands, and the Volume Weighted Average Price (VWAP). Combining several indicators can potentially provide more reliable signals. What Is the Best Timeframe for Scalping Crypto*? The best timeframe for scalping crypto* depends on the trader's preference and strategy. While a 1-minute crypto* scalping strategy offers rapid trades and numerous opportunities, some traders prefer slightly longer frames like the 5-minute or 15-minute charts to balance speed and cryptocurrency* market noise. What Is the Stochastic Setting for 1-Minute Scalping? For 1-minute scalping, the Stochastic Oscillator is typically set to the standard settings of 14, 1, 3. These settings help capture short-term momentum changes, providing timely signals for entry and exit points. Adjustments can be made based on the trader's specific strategy and market conditions. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. 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.
Education
by FXOpen
3
EURUSD Bottom formation in progress. Strong Buy.The EURUSD pair has been trading within a nearly 2-year Channel Down. Being below the 1D MA50 (blue trend-line) since October 02 2024, this is technically still the pattern's Bearish Leg. However, having bottomed on November 22 and transitioned into a (dotted) Channel Up, this is the technical bottom formation of the long-term Channel Down and the rise following a 1D MACD Bullish Cross from such a low level (the lowest in 2 years), confirms that. The similarities with both previous bottom formations (September - October 2023 and February - March 2023) are obvious, all of them triple bottomed before rebounding above the 0.786 Fibonacci retracement level. As a result, buying now and targeting 1.08765 (Fib 0.618) is an excellent long-term trade in terms of R/R. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EURUSD SELL ZONE URUSD – Key Sell Zone Identified EURUSD is trading near a strong resistance area around 1.05270 – 1.05340, indicating a potential sell opportunity. Trade Setup: Sell Zone: 1.05270 – 1.05340 Support Levels: First Target (TP1): 1.04825 Second Target (TP2): 1.04511 Trade Plan: Entry: Wait for price rejection or bearish confirmation in the sell zone. Stop Loss: Above 1.05340 (safe protection against breakout). Take Profit Targets: TP1: 1.04825 (mid-support zone) TP2: 1.04511 (lower support zone) Outlook: Price action suggests a potential downward movement after rejection from the resistance zone. Manage risk carefully and follow confirmation signals for entry.
by FOREXQUEEEN_1
9
Learn Best Price Action Patterns For Trend-Following Trading In this educational articles, I will teach you the best price action patterns for Trend-Following Trading Forex. 📍Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the equal highs, a rising trend line based on the higher lows. ❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the level of the last higher low. 🎯Take profit is the next historical resistance. Look at an ascending triangle formation on EURUSD on an hourly time frame. On the left, you can see the structure of the pattern and on the right, the trading plan. 📍The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 main elements: a horizontal neckline based on the equal lows, a falling trend line based on the lower highs. ❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the level of the last lower high. 🎯Take profit is the next historical support. Above is a perfect descending triangle pattern that I spotted on GBPUSD on a 4H time frame. 📍Bullish & Bearish Wedges The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. Above is a falling wedge pattern that I found on GBPUSD. The pattern is formed after a strong bullish impulse. A trigger to buy is a bullish breakout of its resistance. —————— The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. To correctly sell this rising wedge pattern on EURUSD, we should wait for a breakout of its horizontal support and then sell the market on its retest. 📍Bullish & Bearish Flags The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. Above, you can see a perfect example of a bullish flag pattern on EURUSD on a 4H time frame and its trading strategy. —————— The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. Above is a bearish flag pattern on GBPUSD and a full plan to sell the market based on it. 📍Bullish & Bearish Symmetrical Triangles The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the last higher low of the pattern. 🎯Take profit is the high of the pattern. This bullish symmetrical triangle on EURUSD on an hourly time frame is a perfect example of a bullish trend-following pattern. —————— The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the last lower high of the pattern. 🎯Take profit is the low of the pattern. On the left chart, you can see a structure of a valid symmetrical triangle. On the right chart, you can see how to trade it properly. The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart. Once you learn to do that, I guarantee you that you will make tons of money trading them.
Education
by VasilyTrader
10
EURUSD to make a bullish breakout after the Fed.On Wednesday the Fed will announce the new rate and the anticipation of this event largely explains the recent consolidation of EURUSD. Since the November 22nd bottom, it has turned sideways around the MA50 (4h), failing to cross above the MA200 (4h), which is the main Resistance of the bearish wave since October 1st. The July-October 2023 bearish wave was under a similar consolidation but eventually broke to the upside and hit the 0.618 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08700 (the 0.618 Fibonacci level). Tips: 1. The RSI (4h) has been rising inside a Channel Up, which is a bullish divergence also very much like the October 2023 bottom. Please like, follow and comment!!
Long
by TradingBrokersView
2
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat. Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse. Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall. Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel. Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level. Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11