EURUSD trade ideas
Euro collapses in US election aftermath | FX ResearchThe US dollar is making significant moves today, soaring higher following a surprising victory for Donald Trump.
The dollar has reached its strongest level in a year, making notable gains against the euro and yen. Risk-correlated assets have sold off, but the dollar is benefiting from a positive reaction in US equities, with futures pushing to fresh record highs.
The "Trump trade"—driven by expectations of tariffs and tax cuts—is lifting both the dollar and stocks. The market will likely take the rest of the day to digest what has been a surprising result for many.
Predictive market platforms are gaining more credibility today, having forecasted a clear Trump victory for several weeks.
On the data front, euro area figures came in slightly stronger than expected, but this had little impact on the euro, as concerns over Trump’s tariffs weigh on sentiment. UK PMIs were slightly softer, while earlier today, New Zealand's employment data missed expectations.
In other markets, Bitcoin hit a fresh record high and could be on track to accelerate towards the $100,000 mark. After months of consolidation, Bitcoin’s gains have been somewhat tempered by the surge in dollar strength.
However, we suspect that as the dollar slows down—either due to technical overextension or a shift in focus toward expectations of more rate cuts from the Fed—Bitcoin and crypto assets could accelerate to the upside.
Looking ahead, we have an ECB speech from Christine Lagarde and Canada’s Ivey PMI data on the docket.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
SELL EURUSDYou can sell EURUSD at the same entry as mine and set your SL and TP as on the chart.
Follow for more!
eurusdThe eurusd chart I shared yesterday reached its first target. It is currently breaking the wedge resistance and testing it. With a positive test result, our next target will be 1.0950.
EURUSD, Double Bottom with Bullish DivergenceDouble Bottom
Weekly Support Retest
Rejection candles Appeared
Bullish Divergence
Bullish Move Expected
Buy @ CMP
Stoploss Below double Bottom
Target 1:3 risk to reward
Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
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.
How to avoid being emotional in trading?Avoiding emotional trading is a key skill in successful investing and trading, as it helps minimize impulsive decisions that can lead to losses. Here are some strategies and insights to help maintain a disciplined approach to trading and avoid being swayed by emotions like fear, greed, or overconfidence:
🔸 Create and Stick to a Trading Plan
▪️Set Clear Goals: Define your profit goals, risk tolerance, and entry/exit points in advance.
▪️Follow Predefined Rules: A trading plan provides structure, guiding you to make logical decisions rather than impulsive ones.
▪️Limit Exposure: Decide on position sizes beforehand to avoid overcommitting and feeling compelled to make irrational moves if markets turn volatile.
🔸 Use Stop-Loss and Take-Profit Orders
▪️Automate Exit Points: Setting up stop-loss and take-profit orders allows you to exit trades at predefined points, limiting the need to make quick, emotion-driven decisions during market fluctuations.
▪️Reduce Monitoring: Knowing your trades will automatically exit at specific points reduces the need for constant checking, which can often lead to stress and emotional reactivity.
🔸 Practice Patience and Avoid Overtrading
▪️Avoid Excessive Monitoring: Watching the market closely can lead to impulsive reactions to small fluctuations. Stick to reviewing your trades periodically rather than minute-by-minute.
▪️Limit Trade Frequency: Overtrading, driven by the need to “make back” losses or maximize gains, often leads to poorly thought-out decisions. Trade only when your trading plan calls for it.
🔸 Develop a Balanced Mindset
▪️Stay Neutral to Wins and Losses: Emotional attachment to individual trades can make it harder to accept losses and lead to revenge trading, where you try to make up losses through risky moves.
▪️Accept Losses as Part of the Process: Even the best traders face losses. Accepting this and moving on helps maintain perspective and discipline, which are essential for long-term success.
🔸 Utilize Data and Analysis Over Intuition
▪️Focus on Objective Indicators: Base decisions on data, such as price charts, moving averages, and technical indicators, rather than “gut feelings.”
▪️Avoid Confirmation Bias: Seeking only information that supports your existing beliefs can lead to one-sided and often poor decisions. Stay open to all relevant information.
🔸 Take Breaks and Manage Stress
▪️Step Away After a Major Loss or Win: Strong emotional responses often follow big losses or gains. Taking a break gives you time to reset your mindset before your next trade.
▪️Practice Relaxation Techniques: Techniques like deep breathing, meditation, or even short exercises can reduce stress and improve focus, reducing emotional reactions.
🔸 Build Self-Awareness
▪️Reflect on Your Emotions: Keeping a trading journal can help you understand emotional triggers and patterns in your decision-making.
▪️Work with a Trading Coach or Join a Community: Having accountability, whether through a mentor or a trading group, can help you stay grounded and receive objective feedback on your trading behavior.
🔸 Set Realistic Expectations
▪️Don’t Chase Unrealistic Returns: Expecting massive returns can lead to risky, emotion-fueled decisions. Focus on sustainable, gradual growth.
▪️Acknowledge Market Unpredictability: Markets are often unpredictable, and not every trade will go as planned. Accepting this helps lower emotional stakes with each trade.
🔸 Consider Using Algorithmic or Automated Trading
▪️Remove Emotion from Execution: Algorithmic trading allows traders to set parameters and let algorithms execute trades, effectively reducing emotional interference.
▪️Define Rules for Entry and Exit: Predefined rules, when followed strictly by algorithms, allow for a structured and emotion-free approach to trading.
Adopting these practices helps build discipline, patience, and resilience, which are essential for minimizing the negative impact of emotional trading on your overall financial success.
EURUSD Trendline Breakout Ready for a BullHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Euro at the bottom of the channelOn the daily time frame, EURUSD reached the bottom of its ascending channel and we saw a temporary positive reaction from it. This reaction point, in addition to being the bottom of the ascending channel, was also an important order block in my daily time frame, which caused the price reaction. The medium-term target is the middle line of the channel.
EURUSD buying oppurtunity, Trend reversal pattern (Read more)..EURUSD Price Forecast 🚀
OANDA:EURUSD
EURUSD has broken out of its downtrend with a strong bullish candle, forming an inverted head & shoulders pattern that’s confirmed a neckline breakout. Volume is increasing on the buying side, with a 200 EMA & 50 EMA golden crossover signaling a buying opportunity.
Trade Setup:
Entry: 1.0820
Target 1: 1.0860
Target 2: 1.0950
Stop Loss: 1.0780
Trade idea - EURUSD Long4H
Corrective approach towards entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
EUR/USD: Euro Gains Amid German Growth, Weak US GDPOn Wednesday, the Euro extended its rally, driven by positive economic data from Germany and the dampening effect of a weaker-than-expected US GDP figure. Germany’s Gross Domestic Product (GDP) recorded a modest 0.2% growth, indicating resilience in Europe’s largest economy. Furthermore, annual inflation in Germany, measured by the Consumer Price Index (CPI), showed a significant rise, moving up to 2% in October’s preliminary estimate from 1.6% in September. This uptick in inflation adds to the bullish sentiment surrounding the Euro, as it hints at economic stability and a possible need for continued monetary tightening in the Eurozone.
From a technical analysis perspective, the Euro remains in a profitable position from our identified demand area, where a reversal pattern was noted. The DXY (US Dollar Index) continues to retrace, suggesting potential weakening of the USD, while the COT (Commitments of Traders) report further supports our bullish Euro outlook. Given the ongoing trend, a negative reading in today’s US Unemployment Claims report could provide additional momentum for the Euro’s upward trajectory, potentially solidifying the current trend in favor of the Euro.
✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EURUSD BUY NOW!!!!!!!!EURUSD took out the buy side liquidity price have already made a retest from the fvg and heading to create new highs am in on buy from this zone holding till new highs is created 1.0900 is my target
JOIN AND ENJOY
Lets know your take on this............
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August.
See how our prior idea has worked out:
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Building a Positive Mindset for Trading SuccessIn the world of trading, cultivating a positive mindset is essential for unlocking opportunities and maximizing potential outcomes. Positive thinking in trading involves recognizing prospects in every situation, learning from mistakes and setbacks, and nurturing a steadfast belief in your abilities and goals. Traders with a positive outlook tend to be more risk-averse while remaining open to growth, leading to more consistent profits. However, it’s crucial to approach risk strategically; unchecked optimism can lead to reckless decisions and financial losses. Thankfully, optimistic traders often find it easier to bounce back from errors, allowing them to maintain their focus in this challenging environment.
📍 Setting Yourself Up for Positive Trading
A constructive trading mindset facilitates learning and encourages the exploration of new strategies and techniques, promoting continuous improvement. Here are some effective strategies to set yourself up for success and cultivate a positive trading mindset
1. Articulate Goals and Strategies Positively: Frame your objectives with a positive spin. For instance, instead of saying, “I don’t want to lose money,” rephrase it as, “I aim to grow my wealth.” Rather than expressing fear about taking risks, remind yourself, “I possess the skills to manage risk effectively.” When uncertainty arises, tell yourself, “I will navigate this situation and find a solution.”
2. Practice Reframing: Reframing is the skill of pivoting your perspective to highlight positive outcomes and learning experiences. For example, if you close a trade at a loss, rather than viewing yourself as a bad trader, remind yourself that you’ve gained invaluable experience, equipping you to refine your strategy.
3. Celebrate Achievements: Acknowledge and celebrate your accomplishments, no matter how small. Avoid comparing yourself with other traders; instead, measure your progress against your past performance. This practice boosts your motivation and self-esteem, reinforcing your commitment to personal growth.
4. Employ Positive Affirmations: Integrate positive affirmations into your routine—short, empowering statements that reinforce your confidence and optimism. Phrases like “I am a successful trader,” “I achieve my goals,” and “I can manage any situation” can cultivate a positive mindset and focus.
5. Surround Yourself with Positive Influences: Engage with other traders who uplift and inspire you through their experiences and insights. Consume enriching resources—books, podcasts, articles—that not only expand your knowledge but also serve as motivation in your trading journey.
6. Avoid Comparisons: Recognize that each trader has a unique style, pace, and set of results. Instead of envying or attempting to emulate others, focus on your individual development. Embrace the understanding that success in trading is a gradual process that demands patience and persistence.
7. Enhance Your Skills and Knowledge: Continuous learning is integral to trading success. Dedicate time to studying theory, analyzing market trends, and keeping abreast of news that affects the markets. Experiment with diverse strategies and develop various analytical techniques. The more you master the nuances of trading, the greater your confidence will become—a key driver of a positive outlook.
8. Prioritize Rest and Relaxation: Trading can be intense and stressful . Ensure you allocate time to unwind and recharge. A rested mind is better equipped to make rational decisions and maintain a balanced perspective.
9. Implement Risk Management Strategies: Develop and adhere to robust risk management techniques to minimize anxiety and mitigate large losses. Solid risk management fosters a positive trading experience and helps maintain composure in turbulent market conditions.
10. Embrace Flexibility: Adaptability is vital in the ever-changing landscape of trading. Acknowledge that market conditions can shift unexpectedly and be prepared to adjust your strategies accordingly. View challenges not as obstacles, but as opportunities for growth that will enhance your resilience and expertise.
11. Cultivate Optimism: Focus on appreciating your current accomplishments rather than lamenting what you lack. Actively seek the positive side of people and situations. Maintain faith in your abilities and trust that things will unfold favorably.
By nurturing a positive mindset and employing these strategies, you can set yourself up for success in trading. Remember, every step you take toward maintaining an optimistic outlook will not only enhance your trading performance but also contribute to your overall well-being.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
EURUSD increased sharply: Target 1,095?Hello everyone!
EURUSD is witnessing an impressive increase after a long decline, this pair of money has been stable around the threshold of 1,087 and has not shown signs of stopping.
Looking at the time frames, the strong growth trend of EURUSD brings clear optimism. However, the current pair of money is under the resistance level immediately at 1,088. The passing of this level will lead to an increase in price while maintaining this level will lead to decreasing prices.
With the current situation, it is likely that the 1,0857 milestone may be tested to check the reaction with EMA 34 and 89 lines before the market offers a more definitive direction.
The upcoming goal? 1,090 and further than 1,095.
I wish you a lot of luck and profit!
EUR/USD Analysis: Range-Bound Movement with Potential ReboundThe EUR/USD currency pair remains stagnant around the 1.0800 mark after experiencing its fourth consecutive week of losses. Following a slight bullish retracement, the pair has retraced downwards again, opening the London session this morning with a bullish candle, yet still confined within a defined range.
The strength of the US Dollar (USD) has persisted as we head into the weekend, exerting pressure on the EUR/USD pair. This demand for the USD has been bolstered by rising US Treasury bond yields, which contributed to its strength on Friday.
Looking ahead, the economic calendar for the United States is relatively light, featuring only the Texas Manufacturing Business Index from the Federal Reserve Bank of Dallas. It is unlikely that this report will induce any significant market reaction. However, market participants will closely monitor upcoming third-quarter Gross Domestic Product (GDP) data from Germany, the Eurozone, and the United States. Additionally, the US Bureau of Labor Statistics is set to release the October employment report on Friday, which will include critical figures such as the Unemployment Rate, Nonfarm Payrolls, and wage inflation data.
From a technical standpoint, our outlook suggests a potential rebound towards the demand zone. The Commitment of Traders (COT) report indicates a consistent trend over the past two weeks, with retail traders holding short positions while institutional players appear to be building long setups. Our forecasting analysis points to a possible emergence of a new bullish trend in the near future.
As we await further developments, the key remains patience—watching to see if the price reaches our designated area of interest before committing to a bullish position. The market’s reaction to the upcoming economic data will be crucial in determining the next steps for the EUR/USD pair.
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EURUSD Set To Fall! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0861 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0824
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024
EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon.
Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover
/// BUY USDJPY : zone 1.07950 - 1.07750
SL: 1.07450
TP: 60 - 100 - 250 pips (1.10250)
Safe and profitable trading
EURUSD_4Hhello
Mid-term Eurodollar analysis Elliott wave analysis style The market is in five downward waves And now the market is correcting upwards as wave 4, which is our main resistance at 1.09333. And after completing the correction and completion of wave 4, it can fall towards the number 1.06666 as wave 5.
