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EURUSD only

  • #204,741
  • Feb 5, 2025 10:06am Feb 5, 2025 10:06am
Quoting Staylow23
{quote} How do you identify liquidity sweeps?
Volume is one of the indicators that will help you
  • #204,742
  • Feb 5, 2025 10:30am Feb 5, 2025 10:30am
The H4 range for the next 5 to 6 hours or so... Watch 1.0409 area! No selling while above!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 17 KB
Focus only on what truly matters!
  • #204,743
  • Feb 5, 2025 10:36am Feb 5, 2025 10:36am
Quoting Ata-Turkoglu
The H4 range for the next 5 to 6 hours or so... Watch 1.0409 area! No selling while above! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW3.png Size: 32 KB


If the setup appears, short at 1.04250. Whatever the market gives, I will take.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,744
  • Feb 5, 2025 11:18am Feb 5, 2025 11:18am
Quoting TooSlow
{quote} {image} If the setup appears, short at 1.04250. Whatever the market gives, I will take. Cheers!
M5 and H4 = irrelevant...

Good luck though
Focus only on what truly matters!
  • #204,745
  • Feb 5, 2025 11:41am Feb 5, 2025 11:41am
1.04130 may turn into Resistance, needs big volume conformation. I giving more weightage to Geopolitics = USD strong.
Attached Image (click to enlarge)
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  • #204,746
  • Feb 5, 2025 11:59am Feb 5, 2025 11:59am
EUR data generally BAD this past few days
long EUR basically swap NEGATIVE
Tariff ON EU on going discussion
EUR rate cut expected more .


somehow ....... EURUSD still rising ....
  • #204,747
  • Feb 5, 2025 12:01pm Feb 5, 2025 12:01pm
There was no strong rejection today at 1.0440 level so for now looks like more up to come . Watching price action to enter up or down

1H chart
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
  • #204,748
  • Feb 5, 2025 12:05pm Feb 5, 2025 12:05pm
Quoting paogeh
EUR data generally BAD this past few days long EUR basically swap NEGATIVE Tariff ON EU on going discussion EUR rate cut expected more . somehow ....... EURUSD still rising ....
Monthly chart printed 3 consecutive bearish candles: 2024 October, November and December...

Eventually, it needs a correction and that's what is going on basically... Don't stress it... Allow chart to correct!

Best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-MN.png Size: 20 KB
Focus only on what truly matters!
  • #204,749
  • Feb 5, 2025 1:24pm Feb 5, 2025 1:24pm
Quoting vinesh1
looking at one last big move down before the eventual massive rally. Trump can always change that.
A very juicy target lies below. A triple bottom which means a lot of liquidity below that. Let's see.
  • #204,750
  • Feb 5, 2025 1:30pm Feb 5, 2025 1:30pm
Triple swap day boys.
Fundamental provide Volume, Technical shows Direction
  • #204,751
  • Feb 5, 2025 1:51pm Feb 5, 2025 1:51pm
Quoting LucasT
Triple swap day boys.
Unless your account is SWAP FREE
  • #204,752
  • Edited 2:50pm Feb 5, 2025 2:33pm | Edited 2:50pm
Quoting SnaveForex
{quote} This bad boy poked into the Range 0345 - 0406. We will be hanging in here for sometime. Play the range if opportunities show 0338 or even lower for range validation, 0345 could be the trigger. On the other hand 0407 could easy kiss and play back down to 0345
A little poke poke there 0345 or sub level 0311 anticipated. I wait the close and Asia for that to manifest. Meanwhile getting past 0383 will be tough. The day close is crucial atm. Trade well
  • #204,753
  • Feb 5, 2025 2:59pm Feb 5, 2025 2:59pm
Quoting wizzytech100
{quote} Volume is one of the indicators that will help you
FX market is an OTC market; Difference between OTC market and Exchanges is you don't know at what prices and volumes counterparties have traded.
Companies like Refinitiv tries to aggregate most of the important players from the global network players. Reuters (Thomson Reuters Matching) & Bloomberg (Bloomberg FXGO) retain some big percentages of spot FX trading on some of the major trading pairs; but than again all of these major players ( https://www.newyorkfed.org/fxc/fx-volume-survey - Reporting Dealers) , individually trade with multiple counterparties among others with primes brokers, interbank dealers, hedge funds , regional and small banks , etc which in turn in order to mitigate their risk on top of the original trade they hedge part of the traded volume into spot FX , forward markets and futures and additionally they create artificially more liquidity on each price level through trading spreads between high correlation products in order to sell these liquidity down the chain-link and in use it in between them.

Except the fact that the FX market is OTC the bidding way in interbank market is built in survey mode where counterparties are willing to trade. As an example if before NFP EURUSD is 1.0310 05 with 1.0311 01 it means where the counterparties in that particular network from where you receive the feed are willing to trade.
IF less than 1 to 2 seconds max away after NFP print, the EURUSD price is 1.0277 01 with 1.0277 02 it does not mean that one or multiple traders made trades and cleared all the price levels in between but rather that all the counterparties disseminated the news and trying to price in the new numbers, at 1.0277 02 are willing to sell to you EURUSD.

So please let me know did the volume indicator added value into your trading strategies ?
  • #204,754
  • Feb 5, 2025 3:13pm Feb 5, 2025 3:13pm
Can someone explain how the trump tariffs will impact this currency pair? Ive read the news on it but I don't really understand.
  • #204,755
  • Feb 5, 2025 3:30pm Feb 5, 2025 3:30pm
Quoting death-wish
Bad EUR data all day, Strong USD data yet price isn't sinking. I knew EUR/USD was manipulated but they don't even try to hide it anymore. Clearly they know something we don't. Overbought on the 1HR TF but can't see no big shift in momentum with gap filled. I'd expect some tweets or something big from trump to move it to his direction
Can you please expand a little bit on why you think EURUSD is manipulated ?!
  • #204,756
  • Feb 5, 2025 3:40pm Feb 5, 2025 3:40pm
Quoting Bater
Good setup? {image}
Depending on how big your trading account is and how decent you get charged on swaps whatever is above 1.00 short to medium term, anything else than what we know so far not being taken into consideration, I guess is a good price. In the end 10 years are hovering at 4.5 and market is pricing FED from 4 cuts end of last year into 1 barely 2 while ECB just cut and looking to cut more even last numbers on inflations where a little bit sticky.

At least these is what main stream media is selling and please don't forget : "Markets can remain irrational longer than you can remain solvent,"
These is not an advice to sell or buy EURUSD but rather for educational purposes only.
  • #204,757
  • Feb 5, 2025 4:15pm Feb 5, 2025 4:15pm
Quoting MKV3t
{quote} Can you please expand a little bit on why you think EURUSD is manipulated ?!
EUR/USD is the most traded currency pair in the forex market, which means it has the highest liquidity. Making it the main target for price manipulation because of the profit potential. Market movers, like big banks and hedge funds, frequently engage in stop-hunting on this pair more than any other. What looks like a rising trend to retail traders is often just these players triggering stop-losses, wiping out smaller traders, and using algo bots to create artificial volatility. This kind of manipulation misleads traders and distracts them from the bigger picture. You have to remember they have access to info before it is released to the public via insiders. Retail have no control in the movement or narrative.
  • #204,758
  • Feb 5, 2025 4:21pm Feb 5, 2025 4:21pm
Quoting death-wish
{quote} EUR/USD is the most traded currency pair in the forex market, which means it has the highest liquidity. Making it the main target for price manipulation because of the profit potential. Market movers, like big banks and hedge funds, frequently engage in stop-hunting on this pair more than any other. What looks like a rising trend to retail traders is often just these players triggering stop-losses, wiping out smaller traders, and using algo bots to create artificial volatility. This kind of manipulation misleads traders and distracts them...
Doesn't this means is the hardest to be manipulated? For news access I would just call it an advantage bt for this day and age where internet is cheap pretty much we get the news not too far behind maybe few sec diff.
Fundamental provide Volume, Technical shows Direction
  • #204,759
  • Feb 5, 2025 4:27pm Feb 5, 2025 4:27pm
Quoting death-wish
{quote} EUR/USD is the most traded currency pair in the forex market, which means it has the highest liquidity. Making it the main target for price manipulation because of the profit potential. Market movers, like big banks and hedge funds, frequently engage in stop-hunting on this pair more than any other. What looks like a rising trend to retail traders is often just these players triggering stop-losses, wiping out smaller traders, and using algo bots to create artificial volatility. This kind of manipulation misleads traders and distracts them...
Acting directly on insider information before it's public would raise red flags and lead to investigations for insider trading. To avoid this, these movers manipulate the price indirectly by creating artificial movements, setting themselves up for larger profits when the news drops and they can legally execute their trades. That's why sometimes when u look at the charts just before big news data the price almost always moves in the opposite direction to a point where its oversold/bought just before and then will move completely the other direction. Try and pay attention next time big information comes out and watch the price movement to the lead up to the data release.
  • #204,760
  • Feb 5, 2025 4:41pm Feb 5, 2025 4:41pm
Quoting LucasT
{quote} Doesn't this means is the hardest to be manipulated? For news access I would just call it an advantage bt for this day and age where internet is cheap pretty much we get the news not too far behind maybe few sec diff.
No because that means more players are involved leading to more chances of corruption and manipulation. If you're really interested look into the Forex Scandal in 2013. Where all the big banks got caught and fined for their involvement.
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