EURUSD: Support & Resistance Levels Analysis 🇪🇺🇺🇸
Here is my latest structure analysis
and important key levels for EURUSD for next week.
Consider these structure for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Eurusd-4
EURUSD Will Move Higher! Long!
Here is our detailed technical review for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.083.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.099 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Creating your Trading Plan🔸Creating a comprehensive trading plan is a foundational step for any trader, whether you are involved in forex, stocks, options, or crypto markets. A well-structured trading plan outlines your trading goals, strategy, risk management protocols, and the psychological mindset necessary for success. Let’s break down the core components: strategy, risk management, psychology, and confluence.
1. Trading Plan Strategy
A trading strategy is a set of rules or guidelines you follow to identify, enter, and exit trades. Here are the elements to consider:
▪️Market Selection: Define which markets you will trade (e.g., forex pairs, stocks, cryptocurrencies) and what your time frames will be.
▪️Trading Style: Will you be a day trader, swing trader, or a long-term investor? Your style will influence your strategy.
▪️Entry and Exit Rules: Specify the technical or fundamental indicators that will trigger your trades. For example, you might use moving average crossovers, support and resistance levels, or candlestick patterns for entry and exit points.
▪️Trade Execution: Outline how you will place trades and manage your orders (e.g., market orders, limit orders, trailing stops).
▪️Backtesting: Before committing real money, test your strategy on historical data to understand its effectiveness.
▪️Example: Suppose your strategy involves trading breakouts. You would define what constitutes a breakout, how to confirm it, and the risk/reward ratio you expect before taking a trade.
2. Risk Management
Risk management is about preserving your capital and minimizing losses. It's a critical part of any trading plan and focuses on controlling how much you stand to lose on each trade and how to protect your account over time.
▪️Position Sizing: Determine how much of your capital you will risk per trade. Many traders risk no more than 1-2% of their total capital on a single trade.
▪️Stop Losses and Take Profits: Always use a stop-loss to cap potential losses and set a take-profit order to lock in gains. This should be part of your trading strategy.
▪️Risk/Reward Ratio: Ensure that the potential reward on a trade is worth the risk. A common minimum risk/reward ratio is 1:2, meaning you risk 1 unit of currency to make 2. Diversification: Spread your risk by trading multiple assets or markets instead of concentrating all your capital in a single trade or asset class.
▪️Example: If your account balance is $10,000, and you decide to risk 2% per trade, the maximum loss you would accept on any trade would be $200. This would dictate your stop-loss placement and position size.
3. Trading Psychology
The psychological aspect of trading is often underestimated, but emotions can greatly impact your decision-making. Maintaining a disciplined and objective mindset is crucial.
▪️Emotional Discipline: Avoid trading based on fear, greed, or impatience. Develop routines that keep your emotions in check.
▪️Handling Losses: Accept that losses are part of trading and learn not to let them affect your confidence or decision-making. Sticking to your plan, even after a loss, is crucial.
▪️Confidence and Patience: Build confidence in your strategy through thorough backtesting and practice. Be patient and wait for high-probability setups.
▪️Avoid Overtrading: This happens when traders try to chase losses or enter trades impulsively. Stick to your plan and don’t trade just for the sake of it.
▪️Example: If you find yourself becoming anxious or stressed during a losing streak, take a break from trading to reassess your mindset. Practicing mindfulness or keeping a trading journal to reflect on your emotions can be very helpful.
4. Confluence
Confluence in trading refers to multiple factors or signals aligning to indicate a strong trade setup. Relying on confluence increases the probability of a trade working in your favor.
▪️Technical Confluence: This might include a combination of support/resistance levels, Fibonacci retracement levels, moving averages, or chart patterns lining up to give you a higher confidence trade.
▪️Fundamental and Technical Confluence: Sometimes, combining technical analysis with fundamental data can strengthen your trade setup. For instance, a bullish technical setup supported by positive economic news.
▪️Multiple Time Frame Analysis: Check if your trade setup looks strong on multiple time frames. For example, a bullish signal on a daily chart confirmed by a shorter time frame like 4-hour or 1-hour charts.
▪️Example: Imagine you see a bullish reversal candlestick pattern at a major support level, and your moving average indicates an upward trend. This confluence of signals might give you more confidence to enter a long position.
🔸Putting It All Together
A successful trading plan ties these elements together to give you a clear roadmap. Here’s a simplified example of a trading plan:
🔸Goal: Achieve 5% account growth per month.
Market: Trade major forex pairs (e.g., EUR/USD, GBP/USD) during the London and New York sessions.
🔸Strategy: Use a breakout strategy confirmed by volume and momentum indicators. Enter trades when a breakout occurs from a key support/resistance level.
🔸Risk Management: Risk 1.5% of the account balance per trade. Use a 1:2 risk/reward ratio.
🔸Psychology: Practice emotional discipline. Use a trading journal to record trades and emotions.
🔸Confluence: Only take trades when at least three confluence factors align (e.g., breakout, volume increase, trend confirmation).
🔸By crafting and following a trading plan that incorporates strategy, risk management, psychology, and confluence, you increase your chances of trading success while minimizing potential losses.
EURUSD..OANDA:EURUSD
After reaching the low level of the buy position
After reaching the high level of selling position
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
EURUSD UPDATE ( HIGH RISK WEEK )Next week is going to be very high-risk, starting with the US election and followed by the FOMC meeting.
Based on technical analysis, I am biased towards going long on EUR/USD after the strength of the USD leading up to the US election.
good luck
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
BTC IS LATEPretty calm weekend for now but BTC should get back to HH levels before testing the blue line again ;
the red circle shows the average area where BTC could break back down and fall to the 68/9s again.
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0831
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0853
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
EURUSD Analysis==>>Ascending Broadening Wedge Reversal Pattern!EURUSD ( FX:EURUSD )has managed to form an Ascending Broadening Wedge Reversal Pattern near the Resistance zone($1.0980-$1.0912) and Yearly Pivot Point .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect the EURUSD to attack the Support zone($1.0816-$1.0775) again in the coming hours.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
The Euro is slightly declining, and a reversal is possible.Hello everyone,
Today, the EUR/USD exchange rate is trading around 1.08336 USD for each 1 EUR, showing a slight decrease compared to the previous session.
This decline is primarily driven by a strong recovery of the USD, supported by positive economic data from the U.S., indicating that the economy is stabilizing. The increase in U.S. government bond yields also contributes to the dollar's attractiveness, putting pressure on the Euro.
Although the exchange rate is currently declining, there is a possibility of a reversal. If U.S. economic data does not remain positive or if the ECB takes strong actions to support the Euro, this could push the EUR/USD rate higher. Additionally, geopolitical factors and uncertainties in policy could create higher demand for the Euro.
Smart Money Trading concepts 101🔸The Smart Money Trading concept, often used in Forex and stock trading, revolves around the idea of tracking the moves made by major institutional players (like banks, hedge funds, and large financial institutions) rather than retail investors. Smart money strategies aim to identify and follow the price action patterns that large investors create, as these institutions often have access to more market-moving information and capital than individual traders.
🔸A critical part of this approach is understanding market structure, which includes concepts like Higher Highs (HH) and Lower Lows (LL). These patterns help traders determine the current trend direction and potential reversals, which can inform trading decisions.
Here's how these concepts fit into the Smart Money Trading framework:
1. Higher Highs (HH) and Higher Lows (HL) in an Uptrend
▪️When the market is in an uptrend, it typically forms a series of Higher Highs and Higher Lows:
Higher High (HH): Each new peak in the price is higher than the previous peak.
Higher Low (HL): Each new low is also higher than the previous low.
▪️This pattern signifies strong buying interest, indicating that smart money may be accumulating positions in anticipation of further price increases.
▪️Traders look for breakouts beyond previous highs, as it often signifies a continuation of the uptrend.
▪️If the price breaks a recent Higher Low, it may indicate potential weakness and a possible trend reversal.
2. Lower Lows (LL) and Lower Highs (LH) in a Downtrend
▪️In a downtrend, the market structure often forms Lower Lows and Lower Highs:
Lower Low (LL): Each new low is lower than the previous low.
Lower High (LH): Each high in the price action is also lower than the previous high.
▪️This pattern signals that selling pressure is dominant, suggesting that institutional investors might be offloading positions.
▪️Traders watch for prices to break the most recent Lower High for potential continuation signals in the downtrend.
▪️If the price breaks above the most recent Lower High, it can indicate that the trend may be weakening, signaling a potential reversal or entry opportunity.
3. Using HH and LL to Spot Trend Reversals
▪️Trend Reversal: When a series of HH and HL in an uptrend shifts to LH and LL (or vice versa), it often signals that a reversal is underway.
▪️Smart Money traders use these shifts to spot market traps where retail traders might be misled, allowing them to capitalize on new trend directions as they unfold.
4. Smart Money Concepts in Action: Liquidity and Price Action
▪️Large players need liquidity to execute significant trades without causing excessive slippage (or price movement). This liquidity often exists near recent highs and lows.
▪️By analyzing HH, HL, LH, and LL patterns, smart money traders can identify areas of liquidity where institutions might step in.
▪️For example, a series of HHs might attract retail buyers, providing liquidity for smart money to enter or exit positions.
5. Application in Trading
▪️By following HH and LL patterns, traders can align their positions with smart money rather than getting caught in fakeouts or market traps.
▪️Traders often combine these patterns with other indicators (like volume, order blocks, or support and resistance) to confirm the presence of institutional involvement.
🔸The Smart Money approach relies heavily on understanding and interpreting these HH and LL structures to trade in sync with the institutions, avoiding common pitfalls that trap many retail traders.
Euro falls as Trump's chances of victory increaseLooking at the trend in the 1-hour time frame, EUR/USD has broken the support area of the first ascending channel to the bottom and now it is below the moving averages of the ALIIGATOR indicator, there is a possibility of further price declines.
In general, the scenario is reinforced that EUR/USD can decline to the support of the bottom of the second ascending channel in the range of $1.0799, provided that the resistance range of 1.0864-1.0859 is maintained.
EUR/USD retreats in the aftermath of US NFP dataEUR/USD has given up its upward momentum after facing selling pressure near the key resistance level of 1.0900 during the North American trading session on Friday. The currency pair declined as the US Dollar strengthened significantly following the October Non-Farm Payroll (NFP) data. Although there was an initial negative reaction, the Dollar quickly regained strength, with the DXY Index rising above 104.00.
The report indicated that the economy added only 12,000 new jobs, which is significantly lower than the estimated 113,000 and the previous month’s 223,000, which was revised down from 254,000. The unemployment rate remained stable at 4.1%, as expected.
Looking at the technical chart, we can see that the trendline indicates a clear downtrend for this currency pair. The downward momentum of EUR/USD is likely to continue as it encounters two key resistance levels at 1.088 and 1.085. If the price fails to break through these levels, it may lead to a deeper decline, with the next target potentially being the support level at 1.080. Conversely, if the pair breaks the 1.088 resistance and stays above it, this could create an opportunity for a recovery, opening up the possibility of testing the 1.090 level again.
Do you think this currency pair has a chance to reverse? Let me know in the comments!
Analyzing the EUR/USD on the 30-minute timeframethe EUR/USD on the 30-minute timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry.
Key Points:
Current Trend: Downward movement towards support.
Support Zone: Identified in green on the chart.
Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position.
Always ensure proper risk management and wait for clear confirmation before entering a trade.
Take the Red Pill: The EURO COT Long Play RevealedTake the Red Pill: The EURO Long Play Revealed
"Let me tell you why you're here. You're here because you know something. What you know, you can't explain, but you feel it." – Morpheus
Most traders move blindly through the markets, buying and selling on impulse, on what they think they know. But for those who understand how to read deeper signals, patterns begin to emerge—patterns that separate the merely active from the truly informed. Right now, if you're willing to look, Commitment of Traders (COT) data is showing us something intriguing about the EURO. This is your red pill: a glimpse into how those in the know see beyond the chart.
The Setup: A Commercial Long Play
Behind the scenes, commercials—the ones who have true skin in the game—have loaded up on longs, reaching a 26-week extreme in positioning. Not only that, but they're holding their longest exposure in three years, a sign that those with the best intel in the market believe in a coming shift. Meanwhile, the "small specs," often driven by emotion rather than insight, have gone nearly max-short. Historically, this group isn't just wrong; they’re almost predictably wrong.
The result? A textbook setup. But if you’re looking to take advantage, know this: jumping in without discipline is how people get burned. We wait for a confirmed trend change on the daily timeframe. Nothing less. Because only the disciplined get to see beyond the shadows and reap the rewards.
The Undervaluation: Gold, Treasuries, and the EURO’s True Position
If you look at the EURO in comparison to gold and treasuries, something stands out—it’s undervalued. This doesn’t show up in headlines or make for easy soundbites, but for those who know how to look, it’s a flashing signal. And there’s a seasonal edge, too: the EURO’s tendency to rally through mid-December. It’s another puzzle piece that, when added up with positioning extremes and market sentiment, paints a picture that only a few will truly grasp.
Supplementary Signals: Layers of Confirmation
For those still seeking confirmation, additional indicators are lining up: %R, Stochastic, and even bullish momentum divergence are signaling alignment. But understand this—the market doesn’t reward the impatient. We wait, observe, and move only when the trend change is confirmed on the daily chart.
The Truth Beneath the Surface
This is no ordinary trade idea. It’s a blueprint to help you see the hidden dynamics that move the market. Those who look only at surface price action may be blindsided by the moves yet to come. But for those willing to see beyond—those ready to know what the COT data, the fundamentals, and the seasonal tendencies are saying—this is a rare opportunity.
Now, if you’re ready to see what the rest don’t, follow Tradius Trades. You’ll be one of the few with eyes open, equipped to move with purpose.
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> "I didn’t say it would be easy, Neo. I just said it would be the truth."
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
EURUSD Short term buy inside a Channel Up.EURUSD is trading inside a Channel Up.
The price has falled by -0.55%, same amount as the October 25th-28th pull back.
That was a short term buy opportunity that targeted the 0.786 Fibonacci.
The MA200 (1h) is supporting just below.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08750 (Fibonacci 0.786 level).
Tips:
1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd).
Please like, follow and comment!!
Notes:
Past trading plan:
GBPJPY UP FOR NOWNot sure about this one, it broke the uptrend as well but it might not be so sure for GBP to fall like the others ;
For now RSI is low and it seems like a stairs pattern, going up at least to the next HH KL.
AUDJPY GOING DOWNSame as the other assets, after reaching one more time the HH KL, it is to go down, helped by the elections tuesday ;
be advised on these elections, could be the best or the worst for you.
CADJPY GOING DOWNYesterday for halloween, something spooky happened : CADJPY broke the uptrend and is now free ;
after reaching one more time the HH KL, it is to go down, helped by the elections tuesday.
XAUUSD IS BACK !With a little more drawdown today and the beginning of next week, XAUUSD has showed everyone what it was capable of the past few days by reaching such high levels ;
It has to bounce on the double uptrend green limit, then go up and wait a little for the 5th of november ;
on this day markets will go nuts for every asset, so it seems like gold might be going for a big rally to the 2780/90s
BTC POSSIBLE NEXT MOVE !With some delay on the time BTC finally decided to come down, it eventually did what we thought, came back to lower KL ;
but with the previous days' big spike up and down, it is now a perfect time for the price to "de-correct" and come back to the 75Ks, before coming back down ;
for now and the newt few weeks, it seems really tough to break 78/79K, probably next year.
US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.
