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Euro / U.S. Dollar

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EURUSD trade ideas

Day 94-14 AUG 2024this was my day 94 of back testing and the good news is i had no loss or any dumb entry but the bad news is i miss sharp move because they may react in a 3m zone but not in a 5m zone and i miss the entry just by waiting in the 5min to see the reaction. i can solve this problem in live trading by having all time frames on my monitors but for back testing i don't have any practical solution and i think i will move to a live prop account in a week or so, i have really high hopes with the results i got from my back testing. For a high probability i will go for a prop account as soon as i finish back testing august.
by suegagwas
EURUSD Trading Journal EURUSD Trading Journal Parent Bias is Bearish Premium on the Weekly/Daily/Hourly (I made an error in documenting my last journal.) All good just watch your notes Lena. I keep moving my fibs around to get read, however this pair is in premium market heading to the 50% around range 1.03990-1.4000 big figure sound like a MM number. I anticipate for smart money to make some large moves at this level once reached, which is where I long term idea think we are going. I am looking for shorts as we approach the key clean equal lows to be broken and the drawl for the monthly BISI from Nov 7, 2022. So cool to watch price this week. Patience, study and discipline will prevail, keep going!
by LParnell
Trading EURUSD and NZDUSD | Judas Swing Strategy 07/11/2024Our recent post regarding the NZDUSD trade, which incurred a loss, paved the way for an excellent trading day as we entered two trades on EURUSD and NZDUSD. After our post we spotted these trading setups, we were keen to observe how the positions would develop. The trade setup emerged simultaneously on both pairs, sparking our interest in the outcome of both trades. Each pair cleared the liquidity at the top of their respective zones, indicating potential selling opportunities in this trading session. Additionally, we awaited a structural break on the sell side and a retracement into the Fair Value Gap of the price leg that broke the structure. We executed the two trades, each with a risk of 1% of our trading account, resulting in a combined exposure of 2%. Our objective was to attain a total gain of 4% from these trades, so the next step is to exercise patience and wait for the outcomes to unfold. After entering the position, the EURUSD trade quickly hit take profit (TP), meaning we spent only 20 minutes on this trade. These are the types of positions traders dream of, trades that swiftly move to our targets. We then checked the NZDUSD position to assess its performance and found that it was deep in profits, although it had retraced slightly. This indicated that a bit more patience was necessary for this trade to fully materialize We reviewed the position once more, and it was very close to reaching the Take-Profit (TP) level before it retraced again Our patience has finally been rewarded as the NZDUSD position also reached the Take Profit (TP) level, resulting in a successful 2 out of 2 trades for the day, yielding a 4% return from both trades.
by CleoFinance
EURUSD: The Trump Effect and the Euro Falling to Yearly LowsThe recent re-election of Donald Trump has impacted the currency market, with a strong boost to the US dollar putting pressure on the euro. The EURUSD has continued the downward movement and this week has helped pierce the yearly lows, falling to 1.0599, consolidating a downtrend. This level marks a pullback towards the October 2023 lows at the 1.04506 support zone, a key threshold which, if broken, could accelerate the euro's decline. RSI is currently at 27.58%, which confirms oversold conditions, so that the euro is likely to fall further. The dollar's strength against the euro responds to rising expectations of expansionary fiscal policies in the US, which generates inflation prospects and could affect the Federal Reserve's interest rate decisions. In the case of Europe, the pressure on the European Central Bank (ECB) to sustain a restrictive monetary policy is increasing, although the slowdown in Eurozone growth limits its options. Other European Currencies - Pound Sterling (GBPUSD): The pound has lost ground, falling below its 100-day moving average on October 18 and about to fall below the 200-day moving average, confirming a possible fall to the 1.25915 mid-zone. - Swiss Franc (USDCHF): The dollar has also outperformed the franc, with the USDCHF advancing towards 0.8890 as investors seek refuge in the stability of the dollar in the face of European uncertainty, so it appears that the current momentum is pushing the franc towards its mid-zone this year. - Norwegian Krone (USDNOK): The Norwegian currency faces strong resistance at 11.13, with support at 10.85. The USDNOK's upside could continue if weakness in the energy market pressures the Norwegian economy at least to its current high zone at 11.31451. Pacific currencies The Australian dollar (AUDUSD) and New Zealand dollar (NZDUSD) remain at low levels, with lows at 0.64755 and 0.58699 respectively. Although both currencies have shown slight signs of support, downward pressure persists. A break above the 0.6548 (AUD) and 0.66068 (NZD) checkpoint (POC) levels would be required for a positive turnaround. Conclusion The US dollar has gained strength on expectations of increased fiscal spending under the new Trump administration, supporting its position against major global currencies. The fall in EUR/USD, along with pressure on other European currencies, underscores the impact of this expansionary policy on the global financial landscape. In the short term, the dollar remains the strong currency as Europe faces challenges to sustain its support levels. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Short
by ActivTrades
I think I got this...but I'm going against the dollar at low low Asia Thursday and very little rest for the wicked. My attempt at doing something for a change different to trading and getting a life, I ended up mowing the back lawn. Betting here against the USD, I could feel the squeeeze for a bit of love for the EURO. I like this combo, unlike Gold they don't start betting against you, if you get direction right they may not give it to you straight away, but then ya see your account an hour or 2 later and they liked your work. Well that's what I tell myself. Theres less volume this time of day. Last night or yesterday daytime NY, as am in Australia, after sqeezing a bit of profit out of those tight-ars*s over at the Gold & Silver show, I went across and took about 5 long positions with the Japanese Indices, they were down about 1.7%, I saw that the chart was good to go long, the rubber-band trade which is my go-to, it was a pleasure to trade with them, I guess I was one of the first to turn the trade around for them and they appreciated that, but it was all the other hands coming in Long after me. I might make a video for a bit of a laugh.
Long
by Easy_Explosive_Trading
EURUSD Trading Journal Nov14EURUSD Trading Journal Nov 14 sentitments Price is in a deep discount, reversal for buy side liquidity is anticipated. I suspect in NY we could see price come to 1.06014. I will be looking for longs. That said I am bearish and will trade what the chart shows me. All week price has been seeking lower and lower prices. So it is assumed that the market will deal its longs at the 50% level mentioned above. I anticipate for price to seek the clean equal lows for a low target.
Long
by LParnell