Bearish continuation on EUPrice has successfully broken major lows plus structureformation. Following trendline formation, liquidity is still present on the Ssl towards a major demand. So we look for more sells.
USDEUR trade ideas
EURUSD MONTHLY CHART OUTLOOk!Price is currently breaking the support level of 1.04987. This price level has served as a reversal zone multiple times but this time, price is breaking the level. If price continues to drop lower, we may expect price falling back to historic support level.
Week Ending Nov 2nd 2024 Part 2 ... Recap of Trade IdeasWeek Ending Nov 2nd 2024 Part 2 ... Recap of Trade Ideas
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with Atlas (aka Noble.Mike.Jamison)
CHECKLIST CHECKLIST
This video is an audio recording to explain the methods of building good trading habits and filters the winning day from lossing days
EURUSD - Long Term ScenariosWe analysed EURUSD few days back and it was highlighting a Bearish move. This move is nearing completion but can take price further down to lower levels. A reversal at these levels and a MAs cross will confirm Bullish move.
Please be cautious as we are reaching year end and also the price is in extreme low zones.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EUR/USD Stays Bearish Below $1.06 with Eye on October LowFrom a technical perspective, the EUR/USD outlook remains bearish below $1.06, with the next target at the October 2024 low of 1.045.
Please note that the downtrend strategy should be invalidated if EUR/USD bulls pull the prices above $1.06. If this scenario unfolds, a new consolidation phase could start, targeting the June 21 low of 1.066.
Article: fxnews.me
Why Your Stop Losses Are Always Hit?-The secret of MarketWhy Your Stop Losses Are Always Hit: The Secret Behind Price Action
In the market, there is a very important concept called IPDA
What is IPDA?
Interbank Price Delivery Algorithm (IPDA) is a core concept proposed by Michael J. Huddleston (ICT) to explain the logic behind price behavior in financial markets. It is a hypothetical algorithm that describes how the global market can achieve price delivery and liquidity management through algorithms.
Definition:
IPDA describes a systematic algorithm used to:
Manage liquidity: Ensure adequate buy and sell orders are available in the market.
Engineer price movements: Trigger traders’ orders, such as stop-losses or pending orders, to fulfill liquidity requirements.
Offer fair value: Provide seemingly "fair" prices to attract market participants.
The algorithm primarily targets:
Liquidity above/below old highs and lows: Stop-loss orders concentrated around obvious price levels.
Inefficient price action (Fair Value Gaps): Filling price inefficiencies created during rapid market moves.
How It Works?
Accumulation: Price consolidates within a range, building up buy and sell orders.
Manipulation: A sharp price move triggers traders’ stop-losses or entices them into taking positions, creating liquidity for institutions.
Distribution: Price eventually moves to the intended target zone, completing liquidity collection and redistribution.
These behaviors are often observed as:
Stop Hunts: Sweeping liquidity at key levels before reversing.
Return to Balance: Price filling imbalances such as Fair Value Gaps or testing Order Blocks.
Practical Applications of IPDA in Trading
Identifying Liquidity Zones:
Look for potential stop-loss levels above highs or below lows.
Using SMC Tools:
Combine IPDA with tools like Order Blocks, Fair Value Gaps, and Imbalances for a structured approach.
Anticipating Price Targets:
Predict where price is likely to move based on liquidity engineering and market context.
Overall,IPDA (Interbank Price Delivery Algorithm) serves as a foundational principle in ICT trading methodologies, asserting that market movements are not arbitrary but systematically governed by a sophisticated algorithm designed to manipulate prices and ensure liquidity for major financial institutions. By analyzing the mechanics and behavioral patterns of IPDA, traders can achieve a more nuanced understanding of price action, enabling them to refine their trading strategies with greater precision and alignment with institutional dynamics.
If you have any questions, please comment below or leave a comment in the private chat
Any mistakes are welcome to correct
#002 Daily Time Frame Continuous Bar EURUSD SellAs usual, this is my do nothing strategy which I don't give much thoughts about. I think, especially when it is small account with small risk. And I have other things to distract me, so, I allow these trades to play out. Small loss, breakeven, small profit or hit full TP or Full SL.
Hitting full stoploss or full TP is harder because I trail my stoploss to the previous day's positive expected outcome's swing low (for longs, vice versa).
So, besides this trade, I also have the XAGSGD running. I will be shifting the stop loss whenever the previous day's bar closes in the green, and not shift it when it is in the red. I might not shift the stop loss if the green isn't very strong, such as a topside rejection doji but in green, like the XAGSGD's previous days green candlestick.
That's all for now, time for coffee.
1109SGT 22112024
Bear Alert: When the Market Plays Dress-Up!Alright, traders, let’s talk about what’s happening here. This chart? Oh, it’s the drama queen of patterns—the classic Head and Shoulders. It’s the “I’m tired of pretending to go up” signal, and boy, did it deliver. 💔
Let’s break it down (literally):
1️⃣ The Head and Shoulders 🧠💪👖
First, we’ve got the Left Shoulder flexing, then the Head pretending it’s on top of the world 🌍, and finally, the Right Shoulder, which just gave up and said, “Nope, I’m out.”
Once the neckline broke? 🚨 Lights out. It’s game over for the bulls.
2️⃣ The Bear Flag Formation 🚩🐻
After that dramatic neckline drop, we saw a little consolidation—aka the bear flag. It’s like the market paused to catch its breath before diving straight into the abyss. 😱
3️⃣ RSI Drama 📉:
The RSI is down there chilling in the “oversold” lounge, but let’s be honest—oversold in a bear market is like yelling “fire” in a burning building. 🚒 It’s not a bounce until the trend says so.
What’s Next?
💥 TP Incoming:
If you measure the height of the Head and apply it below the neckline, this thing could go even lower. Think of it as the final stage dive. 🎤🎸
💡 For the Shorts:
If you’re already in, congrats—you’re riding this bear like a pro. 🐻
If not, you might want to wait for a dead cat bounce (poor cat 😢) before hopping in.
Final Thoughts:
The market is throwing tantrums, and the Head and Shoulders just served as its resignation letter. Bulls? Pack it up. Bears? 🐻 This is your time.
Remember, no paywalls, no hidden agendas—just raw, unfiltered trades and analysis like this one. If you’re ready to step into the arena, we’re here for it. 🚀
Stay savage, stay relentless, and keep an eye on those charts.
EURUSD - Bearish Momentum RemainsEURUSD has completed our bearish move as mentioned in previous analysis and now look to recover before another lower move. As we are nearing year end and due to ongoing conflict getting tense, currencies are losing badly against dollar.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD could be about to plunge below its 2023 lowEUR/USD has been consolidating between 1.0512 and 1.0606 over the past week, indicating a pause in the downtrend. This consolidation may serve as a correction, allowing the market to transition from oversold to neutral conditions.
A decisive break below 1.0512, especially during the London session, could lead traders to target support levels at 1.0450 and 1.0425, which are below the 2023 low. For this bearish scenario to hold, the price should not rebound above 1.0545 after the breakout.
What is your take on EUR/USD? Share your comments below.
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The insane battle of EURO- TRUMP and futureAs of today we are waiting for the US JOB-data. If somehow its will show a sudden spike in claims the EURO will get relieffed.
14:30 USD Continuing Jobless Claims 1,873K
14:30 USD Initial Jobless Claims 220K 217K
www.investing.com
I do not support Donald Trump since he's policy & politics is against Europe who's already in big trouble so hes won was literally the last spike in Europe ballon, eventough I do agree with many of his thoughts at the same time he's not even a threat for Europe but for his own country since hes future steps will broke USA from the debt side. Now everyone is feel that they are sitting in the winning boat although its already sinking .
Thats the base- GO EUROPE - STOP the MIGRATION and we will be a better place.
CASE1- Spike in US Initial Job Claims - EUR= 1,590 initial based on interest rate parity 60DAYS forward contract.
CASE2- Job market shows resilience - May we continue the raging 1,0480-1,0560 for an other week. ( Require more technical approach this scenario at tha same time extreemly dangerous distrobution zone, those whos are out better to stay out until its gets cleared.
VALID FOR 1W.
Case-3 - Job data shows extreme resilience : New claims is below 170K- In this case EUR will target straight down to 1,04400 and may further downfrom this level -1,5% .
Trading EURUSD | Judas Swing Strategy 19/11/2024The Judas Swing strategy experienced a downturn for the first time in several weeks. After consistently delivering good returns, its streak ended last week. It was a slow week, yielding just one trade despite checking four currency pairs for potential trading setups. Unfortunately, the trade on EURUSD ended with a loss. So this week we wanted to see if things will turn around taking us into winning ways again with the strategy.
On Tuesday, we observed a setup on EURUSD that piqued our interest. There was a sweep of liquidity at the zone's high at 1.05964, which shifted our focus to looking for selling opportunities during this trading session. Shortly after, a break of structure to the sell side occurred, indicating the need to wait for a retrace into the created FVG for an entry point.
Our entry price was at 1.05894
SL: 1.05944
TP: 1.05694
Shortly after initiating the trade, we experienced a drawdown of approximately 6 pips. However, having set our stop loss (SL) at 10 pips, the trade had sufficient room to fluctuate. This underscores the crucial lesson of avoiding overly tight stop losses. To understand this better, one should dedicate time to backtesting, which assists in determining the optimal invalidation point for one's trading strategy.
After 50 minutes in this trade, our patience was rewarded with a 2% gain on our trading account, from a trade where we risked only 1%
EURUSDAfter it broke a trendline and took out buy side liquidity took first short then 15fvg happened took another now it's looking good too
Short on eurusdAfter it took out the buy side liquidity, took first trade after the confirmation then M15 FVG after took another short it's looking good too
EURUSD 2 am Marco LondonEURUSD 2 am Marco London
Back testing the false move at 2 am scalp trade idea
Price swings up in Asia and takes recent clean equal highs. Breaks down just after the 1 am macro. Asia session moves from premium to 50%
Good indication that price would sweep sell side considering my day idea is price sweep lower and set up for a long later.
I suspected that Price would drawl to the down side and take out the clean equal lows and efficiently priced FVG.
I entered on the .618 1.05430
Target was the clean equal lows and the two FVG. Would take a partial at 1.05357 and let it ride to 1.05307.
Working on tight entries and learning how to do partials-hopefully today.
Sloppy entry and got kicked out with the stop loss. All good got back in and trusted my analysis and felt the heat. It did move to where I had suspected. Tighter entries come with trust. Keep going. Back testing 10,000 hours is fun!
Celebrate your scalp trade of 12 pips and build in the consistency of your analysis.
EURUSD-LONGEURUSD is giving a buy oppurtunity as a bullish divergence has been formed at a support level so will anticipate a bullish trend at the break of last high
EURUSD: Consolidation “flag”. Willingness to go belowBen, hello everyone!
CAPITALCOM:EURUSD is consolidating in the form of a "flag", the purpose is to accumulate before continuing the trend... The fundamental context remains negative.
On D1, when looking closely at the 4-hour chart, it is clear that the price is maintaining a decline below 1.0600. There is no reaction to push the price higher. Therefore, in the short term, the momentum and strength of buyers are not expected to be enough to reverse the local situation.
Looking ahead, as long as the dollar continues to consolidate, the euro will theoretically be hit hard...
In particular, the focus is on the consolidating "flag". Breaking this channel, the downtrend will continue.
Ben personally appreciates trading in the direction of the current trend, if there is a clear move, that is, expecting the price to break out and consolidate below the 1.052 area, aiming for a lower target in the short term. The focus is still on the 1.060 level and around the resistance at 1.065.
Different view on EUR/USDThis is just a speculation based on market structure which has not been builded up yet. But it came to my mind to look on EUR/USD differently as I was looking on charts. Seeing the latest price action it provided us after the purple trend line break which was with no arguments very srong and supressive. Strong and clear obvious short, isn´t it? Easy money. When I hear this I am cautious. I cannot write the details right now. Just think about the green trend lines. What do you think about them? Nice. Aren´t they? Would you like to short the green ones? Why not. But what if...they are not breaked down.
Divergences on daily, momentum is raising, MACD might be forming up.
Euro slides after ECB financial stability reviewThe euro is down sharply on Wednesday. In the North American session, EUR/USD is trading at 1.0510, down 0.80% on the day at the time of writing.
Financial stability reviews seldom make the headlines, unless the message is a stark one. That was the case today as the ECB’s financial stability review warned that the eurozone could face a financial crisis due to a variety of issues. The euro has responded to the pessimistic news with sharp losses.
The report noted weak growth, rising public debt and political uncertainty in the eurozone could lead to an economic downturn that would squeeze banks and hurt financial stability. The ECB also warned of the possibility of a potential bubble in stocks connected to AI, which could result in a sharp market correction. The report urged fiscal prudence in order to preserve financial system resilience in the “current uncertain macro-financial environment”.
The European Central Bank meets on Dec. 12 and there are differing opinions among Governing Council members as to the timing of another rate cut. Inflation has been falling, but it the pace fast enough to warrant a rate cut at the December meeting? Some voices have been calling for a jumbo 50-basis point cut in December, while more dovish members want to wait until early next year.
ECB Vice-President Luis de Guindos, speaking after the release of the financial stability review, said it was “crystal clear” that the ECB would continue lowering rates but this had to be done in an “extremely prudent” manner.
EUR/USD has pushed below support at 1.0574 and 1.0545. Below, the support line of 1.0494 is under pressure
1.0625 and 1.0654 are the next resistance lines
Market Gaps and Slippage ExplainedWhat are gaps?
Market gaps provide insights into critical trading behavior defined by an empty space between two distinct trading points. A gap up indicates that mostly buyers rushed to accumulate a position in the market from one point to the next, while a gap down shows the opposite and that sellers rushed in. Gaps can quite literally be seen on the chart as an empty space.
Gaps are quite prevalent in equity markets because of the way markets “close” and “re-open” at distinct times, especially during earnings events. These moments can create large gaps or empty spaces between the previous session close and the new market open. However, gaps can happen in all markets and sometimes depend on the data or broker that you’re using – for example, at the time of this writing, there aren’t any gaps on this EURUSD chart.
How do traders trade around gaps?
Because gaps often result in prices reversing to fill the gap, this corrective action can be a crucial signal for traders. Gaps can signal market strength or potential reversals. If a gap appears before a trade entry, it might be wise to reconsider the trade. These gaps can also lead to slippage, where orders are filled at worse prices than expected because of the price action that causes the gap in the first place.
What is slippage?
Slippage is the difference between the expected and actual trade execution prices, often caused by market gaps. Slippage can be positive or negative, affecting stop and limit orders.
For instance, a sudden price jump during an extremely volatile moment can fill your order at a higher price than anticipated. While you can't avoid spread costs entirely, you can take steps to minimize slippage, such as trading during less volatile times or using limit orders. By understanding gaps and slippage, you now know one of the more detailed aspects of trading.
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