Get started

EUR/USD_SPT - EUR/USD

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

EURUSD_SPT trade ideas

DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly. Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base. In this pattern we can take several trades by managing risk with the stop loss at previous low or high. This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience) Not a financial advice, trade on your own risk. Only for educational purpose. Regards: Javed ali nagri
Long
by javedalinagri
1
EURUSD H1 17/12/2024 - SELL below 1.0505 1.0480EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook Technical Analysis Summary D1 (Daily Chart) Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540. Indicators: RSI: At 40.64, indicating bearish momentum and approaching oversold conditions. Stochastic: Bearish crossover below 40, showing potential for further downside. MACD: Negative histogram and signal line, confirming a bearish outlook. Key Levels: Resistance: 1.0530 (20-EMA), 1.0560 (near-term swing high). Support: 1.0480, 1.0460, and a broader target of 1.0435. H4 (4-Hour Chart) Trend: Consolidation in a bearish channel, with price unable to break above the 50-SMA. Indicators: RSI: At 42.81, reflecting bearish momentum. Stochastic: Bearish crossover heading down towards oversold levels. MACD: Bearish histogram, confirming bearish continuation. Key Levels: Resistance: 1.0515, 1.0535 (50-SMA). Support: 1.0485, 1.0460. H1 (Hourly Chart) Trend: Bearish, with price below the Ichimoku cloud, 50-SMA, and 200-SMA. Bearish momentum is strong after a recent failed attempt to recover. Indicators: RSI: At 38.13, signaling bearish momentum below 40. Stochastic: Near 10, indicating oversold conditions and suggesting a potential short-term pullback. MACD: Bearish histogram with a downward signal line. ATR: At 10 pips, reflecting moderate volatility. Key Levels: Resistance: 1.0505 (minor), 1.0530 (20-EMA). Support: 1.0485, 1.0460, 1.0435. M30 (30-Minute Chart) Trend: Downtrend with price consolidating near support at 1.0485. Indicators: RSI: At 34.85, approaching oversold conditions. Stochastic: At 12, suggesting a minor pullback may occur before further declines. MACD: Negative momentum remains intact. Correlated Financial Instruments US Dollar Index (DXY): DXY remains firm above 106, supporting a bearish EUR/USD outlook. USD strength continues as inflation data backs expectations of steady Fed policy. Gold (XAU/USD): Gold remains under pressure, further confirming USD strength. Trade Plan for EUR/USD H1 Trade Setup 1: Bearish Continuation on Retracement Rationale: Given the clear bearish momentum and inability to break key resistance levels, a retracement toward resistance offers a short-selling opportunity. Trade Details: Entry Price: 1.0505–1.0510 (near minor resistance). Stop-Loss: 1.0535 (above the 20-EMA on H1). Take-Profit Levels: TP1: 1.0485. TP2: 1.0460. Risk/Reward Ratio: ~1:2. Trade Setup 2: Breakout Short Below 1.0485 Rationale: A clean break below 1.0485 support will confirm a bearish continuation towards the next key levels. Trade Details: Entry Price: 1.0480 (on breakout). Stop-Loss: 1.0505 (above breakout resistance). Take-Profit Levels: TP1: 1.0460. TP2: 1.0435. Risk/Reward Ratio: ~1:2. Trade Setup 3: Intraday Scalping Short (M30–H1 Levels) Rationale: If a short-term pullback occurs, use M30 chart resistance as an entry. Trade Details: Entry Price: 1.0500 (psychological level). Stop-Loss: 1.0515. Take-Profit Levels: TP1: 1.0485. TP2: 1.0475. Risk/Reward Ratio: ~1:1.5.
Short
by napoleon182
9
EURUSD SELL Smart Money Concepts (SMC)In modern trading, especially within the Smart Money Concepts (SMC) methodology, terms such as Order Blocks, Imbalances, Breaker Blocks, and Inverted FVG (Fair Value Gaps) are widely used. Below is a detailed explanation of each: --- 1. Order Blocks An Order Block is a zone on the chart where large institutional investors have left "traces" of their operations, meaning a place where there was a concentration of buying or selling activity. It is typically the last candle before a significant price movement. Bullish Order Block: The last bearish candle before a strong upward movement. Bearish Order Block: The last bullish candle before a strong downward movement. How to use: Price often returns to order blocks before continuing the trend. Order blocks are used as potential entry or exit zones. Example: If the market is falling and a sharp reversal upwards begins, the last red candle before this rise is the bullish order block. --- 2. Imbalances An Imbalance is a zone on the chart where demand and supply were sharply uneven, creating "gaps" in the market structure. These zones are often referred to as FVG (Fair Value Gaps)—an area between the wicks of the first and last candles of three consecutive candles, where the middle candle does not overlap with the first or third. It is believed that the market tends to fill these gaps, meaning the price often returns to these zones before continuing its movement. How to use: Imbalances can serve as a reference for identifying potential retracement zones. Enter a position when the gap is filled. Example: In an uptrend, if the price rises sharply, creating a gap between the wicks of candles, traders can expect the price to return to this area. --- 3. Breaker Blocks A Breaker Block is a zone that forms when the market breaks a key support or resistance level and begins moving in the opposite direction. They appear where an order block was "broken." Breaker Blocks indicate that the previously dominant trend has been broken, and the market is preparing for a new movement. They can also be used to filter valid order blocks. How to use: After an order block is broken, the former support/resistance zone can serve as an entry point after a retest. Used to identify trend reversals. Example: In an uptrend, if the price breaks below the previous bullish order block, it becomes a bearish breaker block. --- 4. Inverted FVG (Inverted Fair Value Gap) An Inverted FVG is a zone where the market provides excessive liquidity in the opposite direction, creating an opportunity for "smart money" to trap traders in the wrong movement. An Inverted FVG occurs when the market "absorbs" liquidity, making traders believe the trend is continuing, but it is actually a manipulation before a reversal. It is used to analyze price manipulation and find entry points against the "trap." How to use: Enter after the price has covered the FVG zone and confirmed a reversal. Inverted FVGs often appear in zones that collect stop losses. Example: In an uptrend, the price sharply breaks a resistance zone (creating an FVG) but then reverses back and moves downward. --- Conclusion Order Blocks and Breaker Blocks help identify zones where large players may enter the market. Imbalances highlight areas where the price might return to balance demand and supply. Inverted FVGs help traders avoid traps set by large players and enter the market more strategically.
Short
by Tonksovave
Stalking for sell side expansion on EURUSDThe current market condition is bearish, So stalking for sell side expansion is essential for high probability success. The market has recently traded above an old daily high where majority of retail traders will have interest to participate in the market, whether buying or selling in terms of buy stops protecting there're short positions, So they get to suffer both shorting & longing trades. After the market has sweep stops on the buy side it tend to gravitate to the sell side liquidity pool. This is what algorithm does. No indicators needed to read price.
Short
by smcapitals_
THEFOREXADVENTURES | EURUSD BULLISH STRUCTURE HELLO FELLOW TRADERS, I'm taking a look at the Euro/USD pair on the 4-hour timeframe. As you can see, the price has been consolidating around defined demand zone for the past few days. This zone is marked by a horizontal pink rectangle. Within this zone, we've seen a clear descending channel forming, indicating potential downward pressure. However, the price has recently breakout descending channel , suggesting a possible reversal. Now, here's where it gets interesting. at the moment market running around our demand zone if we find any confirmation it could signal a significant bullish move. here any confirmation would confirm a potential change in market sentiment and could lead to further upward momentum. Therefore, I'm closely watching the price action around the Demand zone. If I find confirmation, I'll be looking to enter a long position with a stop-loss below the Demand zone and a take-profit target towards the next Supply zone. RISK MANAGEMENT: Emphasize the importance of risk management and using stop-loss orders to protect your capital. I hope this analysis provides you with some valuable insights. Feel free to share your thoughts and opinions in the comments section below. HAPPY TRADING!
Long
by TheForexAdventures
EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment.
Long
by TheGrove
5
How to Build a Forex Trading Indicator How to Build a Forex Trading Indicator In the dynamic world of financial trading, understanding how to build a trading indicator is a valuable skill. This article is designed to navigate you through the essential steps of creating your own trading indicators, offering a blend of technical and practical insights to potentially enhance your market analysis and trading decisions. Understanding Trading Indicators Trading indicators are essential tools in analysing financial markets, offering traders valuable insights into market trends and potential trading opportunities. These mathematical calculations are applied to various market data points like price, volume, and sometimes open interest. In forex trading, indicators play a crucial role in analysing currency pair movements. There are several types of indicators, each serving a specific purpose: - Trend indicators help identify the direction of market movements. - Momentum indicators gauge the speed of these movements. - Volume indicators look at trading volumes to understand market strength. - Volatility indicators provide insight into the stability or instability of currency prices. While there are hundreds of indicators to choose from, some traders choose to develop their own based on their unique market observations. Basic Components of a Trading Indicator The core components of a trading indicator are price, volume, and time. These elements are fundamental in analysing market data and building various tools. - Price: The most critical component, price, is used in almost every trading indicator. It includes open, high, low, and close prices of trading instruments. Price data is essential for constructing trend-following tools like moving averages and oscillators like the Stochastic RSI. - Volume: Volume indicates the number of contracts traded in a given period. It provides insights into the strength or weakness of a market move. Volume-based tools, like the Volume Oscillator or On-Balance Volume (OBV), help traders understand the intensity behind price movements. - Time: Indicators use time periods to analyse market trends. This could be short-term (minutes, hours), medium-term (days, weeks), or long-term (months, years). Time frames influence the sensitivity of an indicator, with shorter periods typically offering more signals. Choosing the Right Data and Tools Selecting appropriate data and tools is a critical step in building effective trading indicators. For data, accuracy and relevance are paramount. Traders typically use historical price data alongside volume data. For tools, traders consider user-friendly platforms that offer robust functionality for creating and testing tools. Platforms like TradingView and MetaTrader offer extensive libraries and community support, facilitating the development of customised indicators. Additionally, programming languages like Python, C# and R, known for their data analysis capabilities, can be powerful tools for creating more complex indicators. FXOpen’s TickTrader, for instance, supports custom C#-based indicators and offers powerful backtesting tools. How to Build a Trading Indicator: A Step-by-Step Walkthrough Developing an indicator involves several key steps, each crucial to ensure the final tool is effective and aligns with your trading strategy. 1. Define the Objective Begin by clearly defining what you want your tool to achieve. Is it to identify trends, pinpoint entry and exit points, or gauge market volatility? Your objective will guide the type of indicator you develop, such as trend-following, momentum, or volatility-based. 2. Select the Formula Choose or develop a mathematical formula that your tool will use. This could be a simple moving average, a complex algorithm involving multiple data points, or something entirely unique. The formula should reflect the market phenomena you aim to capture. 3. Coding the Indicator Translate your formula into code. If using platforms like TradingView, MetaTrader or TickTrader, their scripting languages (Pine Script for TradingView, MQL4/5 for MetaTrader, C# for TickTrader) are designed for this purpose. Ensure the code is clean, well-documented, and easily adjustable. 4. Incorporate Visualisation Decide how the indicator will visually appear on the chart or in a separate window. This could be in the form of lines, bars, dots, or other graphical representations. The visual aspect should make it easy to interpret signals at a glance. 5. Backtesting Before applying your indicator in live trading, it’s crucial to backtest it using historical data. This topic is expanded on below. Testing and Refining Your Indicator Testing and refining your trading indicator is a critical phase in its development, ensuring its potential effectiveness and reliability in real market conditions. - Backtesting: This is the process of testing your indicator against historical data. Backtesting helps evaluate how it would’ve performed in different market scenarios, revealing its strengths and weaknesses. It's essential to test over various time frames and market conditions to ensure robustness. - Analysing Results: Assess the indicator's accuracy, consistency, and responsiveness to market changes. Look for patterns in its performance, such as frequent false signals or lag in response to price movements. - Refinement: Based on the backtesting results, refine your indicator. This could involve tweaking the formula, adjusting parameters like time periods or thresholds, or enhancing the visualisation for clearer signals. - Forward Testing: After adjustments, conduct forward testing in a simulated or live trading environment with real-time data. This helps verify its performance in current market conditions. Remember, no indicator is perfect; the goal is to develop a tool that consistently aids in your trading outcomes. The Bottom Line The journey of building an indicator is both challenging and rewarding. From selecting the right data and tools to carefully coding and testing your creation, each step plays a vital role in crafting an effective aid for trading decisions. For those looking to integrate their custom indicators into a professional trading environment, opening an FXOpen account offers the opportunity to leverage your unique tools in the dynamic TickTrader platform. 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
1
EUR/USD: Short-Term Pullback Before Weekly Bullish ContinuationYesterday's idea worked perfectly, hitting the take-profit target at 1.04925, as expected. As I mentioned, a pullback to the upside occurred after reaching that area. For today's trade, the daily timeframe bias remains bearish, with a target towards 1.04748. This makes it clear that today's position is a sell. Looking at the market structure, the NYPM session high has been broken, and there's a Market Structure Shift (MSS) around 1.05192. I plan to wait for the price to return to the FVG zone near 1.05248 before entering a sell position. My take-profit target is set at 1.04982. Let’s wait and see how this plays out!
Short
by ryananggara