EURUSD Short Term Buy Idea Update!!!Hi Traders, on April 15th I shared this idea "EURUSD Short Term Buy Idea"
Expected retraces and further continuation higher until the strong support zone holds. You can read the full post using the link above.
Price is moving as per the plan!!!
Retraces happening as expected, my bullish view still remains the same here.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
--------------------------------------------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD trade ideas
EURUSD buy from 1.13413 level!Hey traders,
I'm eyeing a potential long setup on EURUSD, looking for price to dip into the 1.13413 zone to grab liquidity just beneath yesterday’s lows before making a move higher.
My expectation? A bullish push toward Monday’s high at 1.14256.
Here’s the trade plan:
🔹 Buy Limit: 1.13413
🎯 Target 1: 1.13889
🎯 Target 2: 1.14256
🛡️ Stop Loss: 1.13234
I’m watching this level closely, if the market reacts as expected, we could catch a nice upside move.
If you found this setup valuable, consider giving it a boost. Appreciate the support!
EUR/USD Short Setup – Bearish Rejection from Supply Zone (1H)EUR/USD Short Setup – Bearish Rejection from Supply Zone (1H)
The Euro is showing signs of bearish pressure around a key supply zone near 1.1395. After a strong bullish rally, price tested the resistance multiple times but failed to break above, forming a potential **double top / distribution structure**.
🔻Trade Setup (Sell Bias):
Entry:** Around 1.1359
Stop Loss: Above supply zone at 1.1395
Take Profit: Targeting support near 1.1276
Risk/Reward Ratio:~2.3R
This setup aligns with supply-demand imbalance and price rejection from resistance. If price sustains below 1.1360, we could see bearish continuation toward the 1.1270 area.
🧠 Trade Idea:
Watch for strong bearish momentum or lower time frame confirmation before scaling in. Manage risk appropriately.
EURUSD My Opinion! SELL!`
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1362 pivot level.
Bias - Bearish
My Stop Loss - 1.1441
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 1.1195
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
EURUSD SELL?RSI on daily time frame is showing overbought which could be a sign of exhaustion.
Based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
EURUSD INTRADAY ECB Rate decision in focus!Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous resistance turned support, key level for potential bounce.
1.1144 – Secondary support level if 1.1240 fails.
1.1000 and 1.0890 – Stronger support in case of extended retracement.
Resistance Levels:
1.1475 – Initial resistance level on the upside.
1.1595 – Next target if bullish momentum continues.
1.1700 and 1.1830 – Long-term resistance and key breakout point.
Market Sentiment & Price Action: The recent corrective pullback aligns with normal market fluctuations within an uptrend. A bullish bounce from the 1.1240 support level could trigger an upside move, targeting the 1.1475 resistance level and potentially extending towards 1.1595 and 1.1700 – 1.1830 over a longer timeframe.
Alternatively, a confirmed loss of the 1.1240 support, accompanied by a daily close below this level, would weaken the bullish outlook. This could lead to further downside pressure, potentially testing the 1.1144 level, with an extended decline towards 1.1000 and 1.0890 if selling pressure intensifies.
Conclusion: The EUR/USD pair remains in a bullish structure as long as the 1.1240 support holds. A successful bounce from this level would reinforce the uptrend, targeting higher resistance zones. However, a decisive break below 1.1240 and a daily close under this level could shift sentiment bearish, leading to further downside retracement.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The Day Ahead Thursday, April 17 – Market Snapshot
In the US, traders will be watching March housing starts and building permits for signs of real estate momentum, while initial jobless claims and the Philly Fed index offer fresh insight into the labour market and regional manufacturing sentiment.
Overseas, Japan reports its March trade balance, Germany releases its March PPI—a key inflation gauge—and Australia’s labour force survey will be crucial for AUD positioning. Canada’s February international securities transactions could offer clues on capital flows.
Central banks are in focus with the ECB rate decision front and centre, which could move EUR pairs. Fed speakers Schmid and Barr are also on the radar for any policy tone shifts, while BoJ’s Nakagawa and the Bank of England’s Q1 credit conditions survey could influence JPY and GBP, respectively.
On the earnings front, TSMC will set the tone for semiconductors, and Netflix gives a look into streaming and consumer sentiment. Key financials like UnitedHealth, American Express, Charles Schwab, Blackstone, and Truist Financial all report, along with DR Horton for housing and ABB for the global industrial read.
The US also auctions 5-year TIPS, which could move inflation expectations and impact rate-sensitive trades.
EUR/USD...up 4h candle formed a bullish flag pattern...Nice catch spotting that bullish flag on the EUR/USD 4H chart. Here's a quick breakdown of your trade idea:
Entry:
Buy @ 1.13700 (current market price based on your analysis)
Target:
TP @ 1.16400 — That’s a solid upside potential of 270 pips
Stop Loss (Recommended):
Depending on the flag low, maybe around 1.13000 to 1.13200 (risk: ~50–70 pips)
Risk/Reward Ratio:
Around 1:4+, which is excellent if the pattern breaks cleanly.
If this breaks out as expected, the measured move from the pole could support your target. Keep an eye on volume and confirmation candles.
Do you want a chart plotted for this, or a trade plan template?
Head and Shoulders Pattern: Advanced Analysis for Beginners█ Head and Shoulders Pattern: Advanced Analysis for Beginners
The Head and Shoulders pattern is one of the most widely recognized and reliable patterns in technical analysis. And today, I am going to teach you how to use it as efficiently as an experienced trader would.
Learning to spot and trade this pattern can be a great asset in your tool belt —whether you’re trading stocks, forex, or cryptocurrencies.
The Head and Shoulders is a well-known reversal pattern in technical analysis that signals a potential trend change.
⚪ It consists of three peaks:
The Left Shoulder: A peak followed by a decline.
The Head: A higher peak formed after the left shoulder, followed by a decline.
The Right Shoulder: A smaller peak resembling the left shoulder, followed by another decline.
When these peaks form in a specific order and the price breaks below the neckline (the line connecting the two troughs between the shoulders), it indicates a bearish reversal from an uptrend to a downtrend.
█ What about Bullish reversals? Don’t worry — there's good news!
Conversely, the Inverse Head and Shoulders pattern forms at the bottom of a downtrend and signals a potential reversal to the upside. By recognizing the pattern early, you can position yourself for a high-probability trade with a clear entry and exit strategy.
█ How to Identify a Head and Shoulders Pattern?
I truly believe the best way to learn any trading strategy is to keep it simple, away from the “technical” jargon unless absolutely necessary. We’ll do the same with this strategy.
Despite its varied usage, you can break it down into four simple steps:
1. Look for the Left Shoulder
The first part of the pattern forms when the price rises , creating a peak. Then, it declines back down to form the trough . This creates the Left Shoulder of the pattern.
Example: If the price of Bitcoin (BTC) rises from $85,000 to $90,000, and then declines to $87,500. This is your Left Shoulder.
2. Spot the Head
The second part of the pattern is the Head . After the Left Shoulder, the price rises again , but this time, it forms a higher peak than the Left Shoulder. The price then declines again, creating a second trough .
Example: Continuing with Bitcoin, after the price dropped to $87,500, it rises to a new high of $95,000 before dropping back to around $90,000. This $95,000 peak is the Head, which is higher than the Left Shoulder.
3. Find the Right Shoulder
After the decline from the Head, the price rises again, but this time, the peak should be smaller than the Head, forming the Right Shoulder . The price then starts declining again, and this is where the neckline is formed (connecting the two troughs).
Example: Bitcoin then rises from $90,000 to $92,000 (lower than the $95,000 peak). This forms the Right Shoulder, and the price starts to decline from there.
4. Draw the Neckline
The neckline is drawn by connecting the lows (troughs) between the Left Shoulder and the Head, and between the Head and the Right Shoulder. This is your key reference level.
█ How to Trade the Head and Shoulders Pattern
Once you've spotted the Head and Shoulders pattern on your chart, it’s time to trade it. And yes, it did need a separate section of its own. This is where most amateur traders mess up - the finish line.
1. Wait for the Neckline Breakout
The most crucial part of the Head and Shoulders pattern is the neckline breakout . This is when the price breaks below the neckline, signaling the start of the trend reversal.
Example: After the price rises to form the Right Shoulder at $92,000, Bitcoin then drops below the neckline (around $90,000). This is the confirmation that the pattern is complete. The price of BTCUSD is likely to continue downward past the 90k mark.
2. Enter the Trade
Once the price breaks below the neckline, enter a short position (for a bearish Head and Shoulders pattern). This is your signal that the market is reversing from an uptrend to a downtrend.
3. Set Your Stop Loss
Your stop loss should be placed just above the right shoulder for a bearish Head and Shoulders pattern . This makes sure you are protected in case the pattern fails and the price reverses back upward.
Example: Place your stop loss at around $93,000 (just above the Right Shoulder at $92,000) on BTCUSD.
You can also try one of these strategies I have used in the past:
⚪ Conservative Stop: Place the stop above the head (for bearish H&S) or below the head (for bullish iH&S) for maximum safety.
⚪ Aggressive Stop: Place the stop above the right shoulder (for bearish H&S) or below the right shoulder (for bullish iH&S) to reduce your stop size.
⚪ Neckline Reclaim Invalidation: Exit the trade if the price reclaims the neckline after breaking it. This could be an indication of a false positive/invalid pattern.
4. Set Your Profit Target
To calculate your profit target, measure the distance from the top of the Head to the neckline and project that distance downward from the breakout point.
Example: The distance from the Head at $95,000 to the neckline at $90,000 is $5,000. So, after the price breaks the neckline, project that $5,000 downward from the breakout point ($89,800), which gives you a target of $84,800.
5. Monitor the Trade
We’re in the home stretch now, people. This is the 9th inning.
There’s only one job left: keeping an eye on any retests or contrarian moves.
As the price moves in your favor, you can scale out or move your stop loss to break even to lock in profits.
█ What makes H&S strategy an all-time classic?
It’s simple. It works.
This pattern works because it reflects a shift in market sentiment:
In a Head and Shoulders pattern , the uptrend slows down as the market struggles to make new highs, and then the price ultimately breaks down, signaling that the bulls have lost control.
In an Inverse Head and Shoulders pattern , the downtrend weakens as the market fails to make new lows, and the price breaks upwards, signaling a bullish reversal.
⚪ Here are a few points to remember as a cheatsheet for Head and Shoulders patterns:
Wait for the neckline breakout to confirm the pattern.
Set a stop loss above the right shoulder for protection.
Project the price target using the height of the head for a realistic profit goal.
Always monitor the trade for any signs of reversal or false breakouts.
Mastering this pattern can be a game-changer for any trader, but like any tool, it’s only effective when combined with other indicators, strategies, and a solid risk management plan.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
EU SellsPrice traded into a 1 hour fair value gap, all the while taking out a range high created by the 1H 3AM Candle, out of my required purge key time. Might be a valid trade but it doesn't tick all the boxes for entry, sitting this one out even though it might be play out as anticipated, let's see what happens, in a nutshell, I'm bearish.
EUR/USD) resistance level rejected) Analysis Read The ChaptianSMC Trading point update
updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis:
---
Market Structure Overview:
Resistance Level: ~1.14292
Mid Support Zone: ~1.13500
Major Support (Target Point): ~1.12658
Current Price: 1.13787
---
Indicators:
EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening.
RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum.
---
Trading Idea:
1. Short-Term Bullish Move:
Price is expected to rise to test the resistance level around 1.14292.
2. Bearish Reversal at Resistance:
From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500).
3. Break Below Mid Support:
If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level.
Mr SMC Trading point
---
Strategy Suggestion:
Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI.
Sell Setup 2: On breakdown and retest of the 1.13500 support zone.
Take Profit: Target at 1.12658.
Stop Loss: Above 1.14300 or above the most recent swing high.
---
Pales support boost 🚀 analysis follow)
EUR/USD Setup – Bearish Outlook Ahead?The pair has been consolidating just below a strong supply zone between 1.13698 - 1.13820, as shown by the LuxAlgo supply/demand indicator. Multiple rejections at this resistance area suggest exhaustion from buyers.
Price is forming a tight range, and momentum seems to be fading. With lower highs forming and no successful breakout above 1.13820, bears might be preparing for a move.
---
Bearish Scenario:
If price breaks below 1.13600, we could see a clean drop toward 1.11897 (first support). Should momentum continue, 1.09856 is the next critical level—lined up with major demand and potential news catalysts (highlighted with icons).
Confluence Factors:
Price respecting the supply zone.
Range tightening under resistance.
Bearish divergence forming on lower timeframes (not shown).
Upcoming USD and EUR news events could add volatility.
---
Trade Idea:
Sell Setup: Watch for a break and retest of 1.13600.
Targets: 1.11897 → 1.09856
Stop Loss: Above 1.13850
---
Risk Management Reminder:
Trade with proper lot sizes and risk-reward in mind. Fundamental events may accelerate the move, so keep an eye on economic releases.
Are you short or long on EUR/USD? Drop your thoughts in the comments!
#EURUSD #ForexTrading #PriceAction #SupplyAndDemand #LuxAlgo #TechnicalAnalysis #TradingView #FXSignals
Mistaking Asian Candle sweep for LDNI wasn't using the right candle for my LQ-Sweep. 9am candle is an asian candle that completed its formation and shouldn't be mistaken for a LDN candle. London candles begin printing after 9AM. Also it important to wait till to see prior to 9:30am what the actual Hs and Ls are. 9AM sweep of LQ is not a LDN move.
EURUSD forms inverse head and shouldersEURUSD has stalled after testing key levels, but a new inverse head and shoulders is forming. We’re watching for a breakout above 1.1429, backed by correlated moves in GBPUSD and USDCHF. Triangle and flag patterns also point higher.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Be careful with EURUSD !!!The Euro will increase THREE cents and reach to the top of the wedge in the coming weeks.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
What Is a Balanced Price Range, and How Can You Use ItWhat Is a Balanced Price Range, and How Can You Use It in Trading?
Balanced Price Ranges (BPRs) offer traders insight into areas where market forces temporarily balance. Understanding how BPRs form and how to use them can help traders identify key zones of interest on the chart. This article explores the details of BPRs, their applications in trading, and how combining them with other tools can refine your market analysis.
What Is a Balanced Price Range (BPR)?
A Balanced Price Range (BPR) is an Inner Circle Trader (ICT) concept used to pinpoint areas on a price chart where market activity reflects a temporary equilibrium between buyers and sellers. These zones, often identified through overlapping Fair Value Gaps (FVGs), highlight price levels where buying and selling pressures have offset each other, creating a balance.
Here’s how it works in a bullish scenario: a rapid price move downward leaves a bearish Fair Value Gap—a price range the market skips over due to strong selling momentum. If the price rises with equal intensity shortly, creating a bullish Fair Value Gap in the opposite direction, the overlapping region between these gaps becomes the BPR. This overlap represents a zone of temporary balance, where the market has effectively “corrected” the earlier imbalance.
BPR zones are not random. They often form in areas of high market interest—perhaps near key support or resistance levels, or after significant news events that cause sharp price movements. Traders look at these ranges because they frequently act as reference points for future price reactions.
The boundaries of an ICT BPR—its high and low—serve as critical levels. These edges often function as dynamic support and resistance, helping traders gauge potential turning points. Furthermore, BPRs can appear across various timeframes, from minute-by-minute to weekly charts.
How Does a Balanced Price Range Form?
Now that we know the idea of the ICT Balanced Price Range, let’s look at how it forms step by step.
1. An Initial Price Imbalance
A BPR begins with a strong price movement in one direction—either up or down. For example, in an overall bearish scenario, buyers initially drive the price up rapidly and leave behind a bullish FVG. This gap reflects an area where the market didn’t fully engage, often skipping over price levels due to overwhelming demand.
2. A Counter-Move Creates an Opposing Gap
After the initial move, the market can shift in the opposite direction with equal momentum. In our example, sellers step in, pushing the price downward. This creates a bearish FVG that partially overlaps with the earlier bullish FVG. These rapid shifts often occur around key events, such as news releases or liquidity grabs, which ignite temporary market imbalances.
3. Overlapping Fair Value Gaps Define the Range
The overlapping portion of the bullish and bearish FVGs is what forms the BPR. This zone represents the price levels where buying and selling forces are temporarily balanced, neutralising the earlier imbalances.
4. Market Consolidation and Testing
Once the BPR is established, the price often consolidates near this range. This zone acts as a magnet for future price action because it’s seen as an area of high market interest, where traders may take note of previous balance. In the example given, a test may precede a bearish reaction.
Combining BPRs With Other ICT Concepts
Balanced Price Ranges in the ICT methodology become even more powerful when combined with other related concepts. By layering multiple tools, traders can refine their analysis and pinpoint high-probability areas for market activity. Here’s how BPRs work with key ICT concepts:
Fair Value Gaps
Since BPRs are defined by overlapping fair value gaps, understanding how to read these gaps adds depth to BPR analysis. FVGs outside the BPR can act as supplementary zones of interest.
Order Blocks
Traders often spot BPRs forming near significant order blocks. When these zones overlap, they highlight areas where institutional activity may have left a footprint, increasing their importance for analysis.
Liquidity Pools
BPRs often align with liquidity zones where stop orders are clustered. Price may gravitate toward these areas before reacting, offering traders insight into potential price reversals or continuations.
Market Structure Shifts
BPRs can reinforce insights gained from market structure shifts. For example, a BPR forming after a break in structure might signal consolidation before the next major move.
Higher Timeframe Confluence
When a BPR aligns with key levels on higher timeframes, it can provide added confidence in the zone’s relevance for price reactions.
How to Use a Balanced Price Range
The Balanced Price Range can provide traders with valuable insights into price behaviour, acting as a reference point for analysing potential market movements. By understanding how these zones function, traders often use them to refine their strategies and enhance their market analysis.
Identifying High-Interest Zones
As BPRs highlight areas where the market found an equilibrium between buyers and sellers, traders typically monitor how the price reacts when revisiting a BPR. For example, if the price approaches the upper or lower boundary of a BPR, it may indicate a potential turning point or a continuation, depending on the market context.
Support and Resistance Dynamics
One common approach is to view BPRs as dynamic support or resistance zones. When the price tests the range, traders often anticipate a reaction. For instance, a rejection from a BPR in a bearish trend may suggest continued downward momentum, while a breach might signal weakening selling pressure.
Contextualising Larger Market Structures
BPRs don’t exist in isolation; they often align with broader market structures. Traders may use them in combination with tools like liquidity zones or order blocks to build a more complete market picture. For instance, if a BPR forms near a major resistance level on a higher timeframe, this confluence could strengthen its importance as a reference point.
Adjusting for Timeframe and Strategy
The relevance of a BPR often depends on the timeframe being analysed. Day traders might focus on intraday BPRs to find potential trading opportunities, while swing traders could look for these zones on higher timeframes, considering them significant levels for long-term moves. Either trader can use lower and higher timeframe BPRs to inform their analysis and entries.
Managing Risk Around BPRs
Traders may incorporate BPRs into their risk management plans, such as by using the boundaries of the range to set stop-loss or take-profit levels. A breach of these levels can indicate a shift in market sentiment, helping traders refine their analysis.
Risks and Considerations When Using BPRs
While BPRs can be a useful tool for analysing price behaviour, they aren’t without limitations. Traders need to approach BPRs with a clear understanding of their potential pitfalls. Here are some key considerations:
- Not Predictive: BPRs don’t guarantee future price movement. While they highlight zones of interest, traders must combine them with broader market analysis to avoid over-reliance.
- Subjectivity: Identifying BPRs can sometimes be subjective. What one trader sees as a balanced range might not align with another’s interpretation, especially on different timeframes.
- Timeframe Sensitivity: A BPR on a lower timeframe may lose significance in the broader market context. Conversely, higher timeframe BPRs may lag behind fast-moving markets.
- False Breakouts: Price can move beyond a BPR briefly before reversing, creating potential traps for traders relying solely on breakout strategies.
- Market Context Matters: BPRs are analysed alongside market conditions like volatility, news events, or broader trends. Ignoring these factors can reduce their reliability.
The Bottom Line
Understanding Balanced Price Ranges can help traders interpret key market zones and improve their analysis. By combining BPRs with other tools and strategies, traders gain deeper insights into price movements.
FAQ
What Is the ICT Price Range?
The ICT price range refers to specific price levels or zones highlighted in the Inner Circle Trader (ICT) methodology. These ranges often represent areas of interest in the market, such as liquidity pools, fair value gaps, or balanced price ranges. Traders use ICT price ranges to analyse price movement, identify potential reaction points, and refine their trading strategies.
What Is the Meaning of a Balanced Price?
Balanced price describes a market state where buying and selling pressures are in equilibrium. It typically forms in areas where overlapping fair value gaps exist, reflecting zones where previous imbalances have corrected. These areas can act as key levels for future price reactions.
What Is an Optimal Trade Entry in a Balanced Price Range?
Optimal trade entry in a balanced price range refers to identifying high-probability entry points within or near a BPR. Traders often look for price reactions at the range’s boundaries, combining BPR analysis with other ICT tools, such as order blocks or liquidity zones, to refine their approach.
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.
EURUSD SHORT FORECAST Q2 W16 D17 Y25EURUSD SHORT FORECAST Q2 W16 D17 Y25
GM GM!
SUMMARY
- Weekly order block short
- Unconvincing bearish move via the order block therefore 15' break of structure required. MINIMUM
- Tap entry via the 15' order block only valid if major 15' structure levels broken. In turn we will see a turn around in higher time frame price action support the short from the weekly order block
- A + short would be to await all of the above prior short
Trade well.
FRGNT X
Important news about EURUSD
EURUSD continues to move sideways since the beginning of the week and managed to reach 1,1412 yesterday.
Today at 1:15 pm (London time), the ECB is expected to cut interest rates.
This will likely cause increased volatility.
It is advisable to reduce risk on all positions and look for new entries after the news!