EURAUD possible ideaFrom our previous idea, price moved as anticipated but failed to close below our weak low. It only wicked with an asia session low, thus forming more liquidity around the weak low price failed to break. Within the range, on lower timeframe, price moved aggressively, leaving behind a clean 1 hour supply zone before it preceded to break structure. Price has currently formed asia session liquidity below this POI that it could use to fuel its move to run the weak low as well as the liquidity below asia low.
EUR
EURUSD (Liquidity Pools: A short Explainer)Liquidity Pools: A Short Explainer
A liquidity pool is an area where retail traders have pending buy/sell orders.
MM always needs to pair their buys with someone's sells, and vice versa - they 'engineer' liquidity.
If they want to go long, they create conditions whereby retail traders think the price is going lower.
If they want to go short, they create conditions whereby retail traders think the price is going higher
Price dips into liquidity pool (see the wick)
Reverses
Driving price below the swing low floods the market with liquidity for longs
How?
1. People who are long and have stops --> stops triggered --> stops become market orders to buy
2. Retail traders see 'support breaking' -> open shorts > MM sell their longs to them
Liquidity pool below the swing low
Swing lows & equal lows are high probability long liquidity pools
Market makers will target these price levels knowing
1. Retail traders already long have their stop-losses at/around swing lows
2. Swing lows seen as 'support' by retail traders
EURAUD updated ideaFrom our previous idea, we expected price to first sweep bearish trendline liquidity before we get a shift of market structure. Instead, it was vice versa, but the idea still remains the same with just a new entry point. We have currently shifted to a bearish market on lower timeframe after mitigating our previously established supply zone. Now we have an opportunity to short the market on a 15 min confirmation entry.
Bullish bounce?The Fiber (EUR/USD) has reacted off the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.0260
1st Support: 1.0194
1st Resistance: 1.0341
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500).
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EURUSD Is Trading Under The Pressure Of A Strong Dollar!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03700 support and resistance area.
Trade safe, Joe.
Bearish reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.0343
1st Support: 1.0254
1st Resistance: 1.0442
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
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EURUSD Falling Wedge on a bullish divergence.EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle.
The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place.
We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200.
Buy and target 1.06900.
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Potential bullish rise?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.0263
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0192
Why we like it:
There is a pullback support level.
Take profit: 1.0348
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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EURGBP Potential DownsidesHey Traders, in tomorrow's trading session se are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0251
1st Support: 1.0194
1st Resistance: 1.0289
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD at long term 61.8% retracementIntraday Update: The EURUSD as noted earlier, is trading at 1.0200 and slightly below now, but this is a long term 61.8% Fibonacci level of the Sept 2022 lows to July 2023 highs. Intraday, only back above the 1.0230 would take the downside pressure off. Also, over 3bn options are expiring today at the 1.0200 level.
EURNZD to find buyers around market price?EURNZD - 24h expiry
The primary trend remains bullish. Dips continue to attract buyers. Dip buying offers good risk/reward. 20 1day EMA is at 1.8353. We look for a temporary move lower.
We look to Buy at 1.8355 (stop at 1.8295)
Our profit targets will be 1.8505 and 1.8535
Resistance: 1.8340 / 1.8481 / 1.8500
Support: 1.8368 / 1.8350 / 1.8280
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURUSD Channel Down bottoming on oversold 4H RSI.The EURUSD pair has been trading within a Channel Down pattern since the December 06 2024 High. The 4H RSI is oversold (<30.00) and every time it has been so on this pattern, it was a buy opportunity.
The target of those buy signals has been the 4H MA50 (blue trend-line). We expect the price to be at least 1.02850 when it hits it.
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Potential bullish rise?EUR/GBP has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement.
Pivot: 0.8361
1st Support: 0.8263
1st Resistance: 0.8490
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/JPY is reacting off the pivot and could potentially drop to the 1st support.
Pivot: 161.39
1st Support: 157.91
1st Resistance: 165.23
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Fiber reverse from here?The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.0185
1st Support: 1.0092
1st Resistance: 1.0340
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD 12/1/24Starting the week with our clear bias and understanding of what we aim to trade on EUR/USD. This bias and understanding are, as always, brought to us by Orion, providing precise bias, points of interest, and entry areas.
This week, we observe institutions once again driving the market downward, and we plan to follow this flow. Based on the current market conditions, we are presented with a target low and a major collection of highs, creating a strong area to watch for bearish momentum to return. The game plan is simple: look for a new low to form, giving us targets to aim for. If this happens, watch for the highs to be taken out, which will align us with our short bias. Alternatively, if our current target is reached first, we’ll shift our focus to the highs, providing opportunities to target new lows as the market retraces back to these areas, keeping us in line with the short bias.
Follow what price action shows you and, as always, trust Orion.
Stick to your plan, follow your rules.
EURAUD possible ideaAfter price broke previous high, It initiated a liquidity grab before it preceded to rally and break a previously protected strong higher low. This then gave us a shift in market structure from a bullish to bearish market. Price has currently formed liquidity just below a supply zone that it could use to fuel it's move to the downside, running an established trendline liquidity as well as the latest formed weak low.
EURO - Price can turn around from support area and start growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined inside falling channel, where it reached resistance line and then fell to $1.0455 level.
Then price moved up to resistance line, some time traded near, and then made downward impulse.
Price exited from channel, breaking $1.0455 level, and started to trades in flat, where it at once rose to resistance area.
In flat, price so long traded in resistance area, after which it turned around and corrected to $1.0250 level.
Euro backed up to resistance area, but at once bounced and dropped below $1.0250 level, breaking it and exiting from flat.
I think that price can turn around in support area and then bounce up to $1.0365, breaking resistance level.
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