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USDEUR trade ideas

EU slowly going downHi traders, Last week EU did exactly what I've said in my outlook. After a small correction up it began to drop slowly. This could be a leading diagonal wave 1. So for next week we could see a correction up for wave 2 and another drop to finish wave 5 (black). Let's see what the market does and react. Trade idea: Wait for the small correction up to finish and a change in orderflow to bearish on a lower timeframe and trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
1
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
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap. After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level. Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points. But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area. Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line. I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
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
Euro rises as dollar weakensEUR/USD could rise to the resistance of the second descending channel ceiling at $1.0541, provided the important support range in the 1.0474-1.0485 range holds. Meanwhile, recent fundamental factors have contributed to the weakening of the US dollar, which could influence the continuation of the pair's trajectory. The US dollar has weakened in recent weeks for the following reasons: 1- Expectations of slowing down the pace of interest rate increases: The Federal Reserve has signaled a slowdown in interest rate hikes, which has made the dollar less attractive to investors. 2- Weakness of economic indicators: Some recent economic reports, including slowing industrial production growth and declining consumer confidence, have fueled the dollar's weakness. With the US dollar weakening due to fundamental factors and holding key support in the 1.0474-1.0485 range, EUR/USD is likely to face increased demand. If the resistance at 1.0541 is broken, the pair could take a further upward path. Traders should pay close attention to upcoming economic data and the Federal Reserve's decisions.
Long
by arongroups
EUR/USD Analysis: Bearish Outlook Amid Strong SupportWith Trump’s win likely strengthening the U.S. dollar, EUR/USD has reached a notable support level that has held firm over the past year. This level may lead to a short-term bounce, but continued downside is possible due to factors like holiday spending patterns, potential new sanctions on China, and renewed confidence in the new administration. I’ll be watching for a possible move down to the 1.04 level if further bearish momentum builds.
Short
by Charts_M7M
Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause Rally : For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR 2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction. Note: A trade idea I post here is also my trading journal.
Long
by spranav
1
A Guide for Beginner Traders: Navigating the Markets Safely.Welcome to the world of trading! Whether you're just starting out or looking to improve your skills, this guide is for you. Trading can be exciting and rewarding, but it's crucial to approach it with the right knowledge and mindset. Let's dive into the essentials you need to know to trade safely and effectively. Understanding the Basics It’s really concerning to see how many beginner traders, or even people with no prior knowledge, are getting misled by false signals and scams in various groups like Telegram and Discord. Following bad advice can lead to significant financial losses, false confidence, and emotional stress. Learning the fundamentals is essential to navigate the markets independently and avoid these pitfalls. Why Understanding the Basics Matters Empowerment: Learning to use indicators empowers you to make your own trading decisions. Instead of relying on others for buy or sell signals, you gain the ability to analyse market conditions and determine the best course of action. Risk Management: Proper knowledge helps you manage risks better. You'll learn to spot potential market reversals and adjust your positions to protect your capital. Market Insights: Indicators offer valuable insights into market trends, momentum, volatility, and volume. This information helps you identify trading opportunities, spot trends early, and avoid potential pitfalls. Confidence Building: Understanding how trading works boosts your confidence. You'll be less likely to make impulsive trades based on emotions or unverified advice. Key Concepts and Tools to Learn Let's break down some essential concepts and tools to get you started: Indicators and Technical Analysis: Moving Averages (MA): These smooth out price data to help identify trends. The Simple Moving Average (SMA) calculates the average price over a specific period, while the Exponential Moving Average (EMA) gives more weight to recent prices. Relative Strength Index (RSI): This momentum oscillator measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, while an RSI below 30 indicates oversold conditions. Moving Average Convergence Divergence (MACD): This indicator shows the relationship between two EMAs. When the MACD line crosses above the signal line, it suggests a bullish trend; crossing below indicates a bearish trend. Bollinger Bands: These measure market volatility and provide a range within which the price is expected to move. The bands expand and contract based on market conditions. Volume Indicators: Tools like On-Balance Volume (OBV) and Volume Moving Average (VMA) help assess the strength of a price move. Developing a Trading Strategy: Research and Education: Continuously educate yourself about the market. Read articles, watch webinars, and join trading communities. Back testing: Before applying your strategy in real-time trading, test it using historical data. This helps you refine your approach and gain confidence in your trading plan. Risk Management: Determine how much you're willing to risk on each trade and stick to it. Use stop-loss orders to limit potential losses. Avoiding Common Pitfalls: Overtrading: Trading too frequently can lead to unnecessary losses. Focus on quality over quantity. Following Unverified Signals: Relying on signals from unverified sources can be risky. Learn to analyse the market yourself. Emotional Trading: Trading based on emotions rather than analysis can lead to poor decisions. Stay disciplined and stick to your strategy. Conclusion Trading can be a rewarding journey, but it's essential to approach it with the right knowledge and mindset. By understanding the basics, developing a solid strategy, and avoiding common pitfalls, you'll be better equipped to navigate the markets. Remember, continuous learning and disciplined application of knowledge are key to long-term success. Happy Trading! 🚀.
Education
by OakleyJM