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EURUSD trade ideas

EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD_106 2024.11.04 11:20:06 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08451 SL: 1.09107 Entry Price: 1.09025 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is expected to attempt a decline and test the support area near 1.0715. * The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro. * The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong. **Expected price movement:** Down (testing support near 1.0715) **Long-term (medium-term outlook):** * The EUR/USD pair is expected to continue its medium-term decline. * The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility. * A potential growth target above 1.1185 is anticipated after the upward rebound. **Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185) Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve. Result: ST=Down LT=Up Analysis Method(1) Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement: **Short-term (November 4-8, 2024)** * Expected price movement: Down, followed by a potential upward rebound * Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected. * Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency. **Long-term (remainder of 2024)** * Expected price movement: Up, with moderate growth and minor corrections * Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish. * The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S. **Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise. * However, the correction is unlikely to be strong without continuous supportive news for the euro. * The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline. * Given the upcoming U.S. presidential election, significant volatility is expected in the market. **Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down) **Long-term (next few months to a year):** * Analysts expect the EUR/USD pair to potentially continue its medium-term decline. * The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength. * Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months. **Expected long-term movement:** Bearish (price expected to go down) Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Result: ST=Down LT=Down
Short
by orbborisson
Positive Economic Data and ECB's Interest Rate OutlookThe strength of the Euro (EUR) is supported by positive economic data from the Eurozone, reducing the likelihood of the European Central Bank (ECB) making significant interest rate cuts in December. Eurostat reported that the region's economy grew faster than expected in the third quarter, prompting traders to adjust their expectations regarding interest rate cuts in the upcoming meeting. Additionally, inflation pressure increased by 2% in October, further reinforcing the likelihood that the ECB will maintain interest rates. EUR/USD is fluctuating around the resistance level of 1.0896 during the European trading session on Monday. With support at 1.0778, the upward momentum of this currency pair is solidified, and it is likely to test the resistance level of 1.0896 again. Moreover, this upward trend may continue and break through that resistance, especially as the EMA 34 and 89 have reversed to an uptrend. What do you think about the outlook for this currency pair? Let me know!
by Alisa_Rokosz
eurusd wants to fill the Gap or not yet? Claro, aquí tienes la traducción al inglés: I see that the price has reached a significant weekly resistance and has left a bullish gap that should be filled. This leads me to think that there might be a manipulation of the Asian session highs before the price finds the momentum needed to move down and fill the gap. Overall, I find it more likely that these Asian highs won’t be manipulated. Additionally, I believe the EUR/USD could be looking for one last low before truly shifting its structure. However, the most notable confluence at the moment is the gap that still needs to be filled.
Short
by ag1904997
EURUSD 7 Dimension Sell Trade Idea Top-Down View (H4 Analysis): The H4 timeframe shows that the price has recently formed a Change of Character (CHoCH) and appears to be making a retracement. Despite this pullback, it hasn’t mitigated the higher-timeframe Points of Interest (POI), particularly the unmitigated Daily Fair Value Gap (FVG). Observing H1, we see considerable volatility and uncertainty, possibly indicating attempts to shake out weak-handed traders before a deeper corrective move toward the H1 internal extreme POI for mitigation. 😇 7 Dimension Analysis 🟢Time Frame: H4 🟢Swing Structure: Bullish with CHoCH: The swing structure is bullish on the H4, with a recent CHoCH indicating a potential shift. An inducement has been observed, and price has just entered the discounted zone, which aligns with the 61% Fibonacci retracement level. POI and Liquidity Levels: The area of interest includes the 61% & 88% Fibonacci level, liquidity sweeps, and support at the demand zone. Waiting for price to reach this zone and observing its reaction will be critical. Pattern: 🟢 Chart Patterns: Double Bottom: Forming as a potential reversal pattern at the discounted zone. 🟢 Candle Patterns: Long Wick & Momentum Candles: Recent candles show long wicks and momentum on the downside, indicating that bears are still in control of the current session, albeit with limited momentum strength for long-term sustainability. Volume: Moderate volume suggests that while sellers are currently dominant, the bearish momentum may not hold for an extended period, reinforcing the expectation of a retracement. Momentum (RSI): 🟢 Range Shift: Momentum has shifted from bearish to sideways with multiple bullish divergences, suggesting a loss of bearish strength and a potential for reversal or retracement. Volatility (Bollinger Bands): 🟢 Middle Band Breach: The price has dropped below the middle band, indicating a slight bearish bias. Expansion Cool-Down: Following a period of expansion, price appears to be consolidating and "cooling down" before the next directional move. 🟢Strength (ROC and Consolidation): Consolidation Phase: ROC reflects consolidation, supporting the idea that the bearish momentum may pause or weaken, aligning with the expectation of a retracement or sideways movement. 🟢Rating: ⭐⭐⭐ Probability: 65% This setup has a moderate confidence level for a short-term sell entry, considering the confluence of factors on both the H4 and refined lower time frames. 🟢Trade Setup: Entry Details: Entry Time Frame: 15-Minute (15M) Entry TF Structure: Bearish (for counter-trend entry in a corrective move) Point of Interest (POI): Extreme Fair Value Gap (FVG) Trade Execution: 💡 Decision: Sell Limit 🚀 Entry: 1.8747 ✋ Stop Loss: 1.0888 🎯 Take Profit: 1.07927 😊 Risk to Reward Ratio: 6.94 RR 🕛 Expected Duration: 1 Day SUMMARY: This H4-based top-down analysis with entry refinement on the 15M timeframe provides a short-term sell opportunity within a bullish higher timeframe structure. Price action, volume, and momentum indicators suggest a potential bearish pullback toward the 15M POI, aligning with the 61% Fibonacci level and significant liquidity areas. The setup targets a short-term retracement with a high reward-to-risk ratio, with the expectation that price may retrace to mitigate lower timeframe liquidity levels before resuming the bullish trend.
Short
by Optimum369
What Is a Trading Journal, and How Traders Keep One?What Is a Trading Journal, and How Traders Keep One? For traders, keeping a trading journal is an important activity that helps them improve their trading skills. A trading journal is a systematic record-keeping tool that is used to document trades, strategies, and outcomes. It is a way to track performance by recording the entry and exit points, the reasons for entering the trade, and the results. This FXOpen article discusses the way traders track their progress, identify patterns, and learn from mistakes. You’ll learn about the types of trading journals and their benefits and find out exactly what to record. Types of Trading Journals Here are three trading journal examples. You can choose a format that works best for you, whether it’s handwritten notes in a notebook, a trading journal online spreadsheet, or a specialised app. The key is to be consistent in recording your activity. - Use a notebook . Simply record the details of each trade on a new page or divide the page into convenient columns. - Create a spreadsheet to keep track of your trades. Consider including columns for the entry and exit points, reasons, and outcomes. - Choose trading journal software from the multiple options available. Apps make it easy to record and analyse trades. Some popular ones include Edgewonk and Tradervue. Benefits of Keeping a Trading Journal Keeping a journal has several benefits. The most important thing is that by using this tool for self-analysis and learning, you can increase your chances of success in markets and make data-driven improvements. Let’s break down why it can be useful. - Identifying patterns. By keeping a record, you can identify patterns in your behaviour. For example, you may notice that you tend to enter trades at certain times of the day or that you have a tendency to hold losing trades for too long. - Learning from mistakes. If you review your losing trades, you may identify what went wrong and how you can avoid making the same mistake in the future. - Tracking progress. A trading journal is a way to track your progress. You can see how much you’ve improved. It’s also a means to reflect on your decisions. - Improving discipline. Recording your activities can help you improve your discipline. By stating the reasons for entering the trades, you hold yourself accountable for your decisions. - Controlling emotions. A journal can serve as a therapeutic outlet to express your thoughts and feelings. This allows you to separate your emotions from your decisions and make them more logical and reasonable. Whether it’s a forex trading journal or one for stocks, crypto* or indices, the benefits will be the same. The usefulness of keeping a record will be self-evident. How to Keep a Trading Journal It’s to be expected that over time, a journal will become an invaluable resource for improving skills, minimising risk and achieving more consistent effectiveness in the financial markets. The hardest part is getting started, although keeping a journal is actually easy. Here are the five steps you can follow. 1. Choose a Format Decide whether you want to keep a physical trading journal book, use a digital spreadsheet, or employ specialised software. Choose a format that you’re comfortable with, and that aligns with your needs. If you’re using a spreadsheet or digital document, you can create a trading journal template that includes the key information you plan to record for each trade. 2. Record Your Trades Record the details of each trade you make. You can include the date and time, as this information is essential for tracking the timing of trades and assessing how different market conditions may affect your decision-making. Recording your strategy or approach is a great idea. Regardless of whether it is based on technical, fundamental, or combined analysis, be sure to state your methodology. You may also want to detail the risk management techniques you used, such as stop-loss and take-profit orders. On the TickTrader trading platform, you can find various tools for risk management. After using them, you can evaluate how effectively they protected your capital. 3. Record Reasons and Your Emotional State Consider writing down the reasons that prompted you to enter the trade. What factors or indicators influenced your decision? For example, if you prefer currencies, did you enter the trade because of a certain technical pattern or a country’s GDP report? Documenting your emotional state before and during the trade is also important. Were you confident, anxious or fearful? An honest self-assessment of your emotions is critical to identifying emotional triggers that can influence you. 4. Review Your Trades Think about reviewing your trades and indicating the final result — profit or loss. Be sure to write down the actual numbers so that you can accurately assess your results. When documenting your trades, it’s crucial to remain objective. Do not justify bad decisions or self-glorify successful ones. The purpose of keeping a journal is to learn and improve. You can schedule a regular review of your trades. This can be done weekly or monthly, depending on how often you trade. During these reviews, you are likely to find patterns and identify areas for improvement. 5. Be Consistent Consistency is key. You can develop a routine for recording trades. Make sure you thoroughly document all of them, regardless of their size or perceived importance. If it’s too difficult to do this yourself, you can use an automated trading journal. This is a great solution for those who have a hard time making habits. Final Thoughts Keeping records of your trades is a way to have a structured and systematic approach to monitoring and evaluating trading activity. This leads to better-informed decisions and improved performance. By recording details of trades, strategies, emotions, results, and risk management techniques, you can gain valuable insights into your behaviour and patterns. If you want to engage in trading in over 600 markets, you can open an FXOpen account. *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
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