Active EURUSD Day Trading – March 25

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Active EURUSD Day Trading – March 25

A large number of trades today as price trends managed to sustain themselves for at least a few waves. Such days provide a great opportunity to get some positive trades in the book, as not all days move favorably.

Figure 1. EURUSD 1-Minute Chart, London and New York Overlap Period

At the start of the US session the EURUSD was moving sideways, so I wasn’t really interested in trading that. The large drop seen at the left of the chart changed the tone though. Several small pullbacks following the drop provided entry points, into what was likely to be another drop to follow.

The Envelope entries could have been used to establish a short position, or alternatively a triangle formed. When the triangle broke to the downside a short position (put) could have been established.

The price runs to the downside, and then another small pullback provides another short opportunity. Another occurs shortly after, although this resulted in the first loss of the day.

The price breaks the highs seen during the triangle and the first pullback makes a higher low. This shifts the short-term bias to the upside. A long trade occurs after the price has made a couple new higher swing highs and higher swing lows.

Another long entry occurs a short time later, and that trade takes longer to get going as the price rides along the envelope for about 20 minutes. Eventually it does go, and produces a profit.

After a nice pop higher, there is another long trade, although the price quickly drops resulting in a loss.

The strong shift back to the downside indicated we should be looking for shorting (put) opportunities again. The next opportunity comes when a slow moving pullback reaches the upper envelope.

Trading “mini-channel breakouts” would have also worked out well today… especially after London closed (not shown on chart) and there was some rather chaotic movements. Trading the mini-channel breakouts resulted in a number of a high profit trades for very low risk.

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Some days seem to suit the eye a bit better than others, and which days those are will vary from trader to trader. This was one of those days for me. While there were a couple losing trades, there were lots of positive ones. As a trend trader when we can see the price is running in one direction for several waves we need to take advantage. Take trade as they come, and don’t worry about reversals until they actually occur. But when they do occur, be nimble and ready to jump on the new trend as opportunities arise.

Best Time to Day Trade the EUR/USD Forex Pair

Best hours of the day to day trade the EUR/USD

Image by © The Balance 2020

The allure of forex day trading is that you can trade 24-hours a day. Unfortunately, that doesn’t mean you should. Day traders should only trade a forex pair when it’s active and there’s lots of volume and transactions occurring. The EUR/USD has certain hours which are acceptable for day trading because there is enough volatility to generate profits, which are likely higher than the cost of the spread or commission. To be efficient and capture the largest moves of the day, day traders hone in even further, often day trading only during a specific 3–4-hour window.​

The Impact on EUR/USD Volatility

The forex market operates 24-hours a day during the week because there’s always a global market open somewhere due to time zone differences. However, not every global market actively trades every currency, so different forex pairs are actively traded at different times of the day.

When Europe is open for business, pairs that involve the euro (EUR) or British pound (GBP) are more actively traded. When the U.S. and Canada are open for business, pairs that involve the U.S. dollar (USD) and Canadian dollar (CAD) are more active.

If day trading the EUR/USD, the times that are likely to be most active for the pair, on average, will be when London and New York are open. Those markets are open between 0800 and 2200 Greenwich Mean Time (GMT). To see major market hours in your own timezone, or your broker’s (charts) time zone, use the forex market hours tools.

Acceptable Times to Day Trade EUR/USD

The hourly volatility chart shows how many pips the EUR/USD moves each hour of the day (times are in GMT). There is a significant increase in the amount of movement starting at 0700, which continues through to 2000. After this, movement each hour begins to taper off, so there are likely to be fewer big price moves day traders can participate in.

Day traders should ideally trade between 0700 and 2000 GMT. Trading outside of these hours, the pip movement may not be large enough to compensate for the spread or commissions.

Volatility changes over time, but the most volatile hours generally do not change too much. 0700 to 2000 GMT will continue to be the most acceptable time to day trade, regardless of whether daily volatility increases or decreases. Note that daylight savings time may affect trading hours in your area.

Active EURUSD Day Trading – March 25

Follow EURUSD Following EURUSD Unfollow EURUSD

EURUSD Forex Chart

Ideas

We could see how the price rose after the breaking Triangle. It is in the next Triangle at the time and if it will cross the higher border we can open Buy to 1.09699. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks.

Following yesterday post, long bias remain intake as long as price traded above 1.0800 region. Link to my yesterday ideas attach below. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we.

Please support this idea with LIKE if you find it useful. Price is inside of the Symmetrical Triangle. Overall we have a downtrend and the price is more likely to be rejected by Resistance Trenline, also Ichi Cloud resistance zone. In case we have a confirmed rejecteion we can initiate a short position. Also if there is a confirmed breakout of the Symmetrical.

Friends, please support my free works by clicking LIKE button. Reasons: – Price trades Between two levels, Support and Resistance – Support Level 1.0830 $ – Resistance Level 1.0890 $ – Short of price will break support level and long if price will break resistance level – To open position only after setup which you trade – Always do your own research before.

Please support this idea with LIKE if you find it useful. Price formed a Descending Triangle. In case there is a confirmed breakout of the Horizontal Support zone, it will be a confirmation for the pattern and also the breakout of Ichi Cloud, so we can initiate a short position Thank you for reading this idea! Hope it’s been useful to you and some of us will.

The price has broken a strong resistance line and is now moving up. I think the movement will continue to the resistance level of 1.114.

we can see continue upside move as per chart pattern. ThankYou

Hi dear friends, The price of this currency pair has touched the downtrend, this means that the price should not go against this line, the Price will direct its movement to fall. The price should reach the target at 1.08500. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.

Please Support this Idea with LIKE if it is Useful. EURUSD The price is above the trendline and is above support/resistance level,if price continue to hold the support then price could continue moving up.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to BUY.. Trade it with proper Sl.. In case,If.

Hello Traders , Buy now or from bottom of range in case price moves lower , we would like to stay long on eurusd till price is not making new lows. In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your.

Hi, today we are going to talk about EURUSD and its current landscape. We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above. Want to know more about our trades and ideas? Join the Traders Heaven today. Thank you for.

Hi traders! The price of the Euro will fall to its target, after it reaches a key level at around 1.08000, it will RESUME its GROWTH! selling in this case will not be particularly profitable. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.

price closing in 1 hour above 1.087 is a good long zone. with stop loss below : 0.20% join my telegram channel : t.me twitter : twitter.com

I am expecting ABC wave in EURUSD. In ABC pattern wave C is equal to the size of wave A. Wave B mostly retrace back from 0.618 Fibonacci level. Hit the like button if you find it helpful and informative and follow to catch the waves correctly. PREVIOUS.

EURUSD Compounding our long

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information.

we are seeing a potential buy long term towards resistance zone

Catalyst: Price action, ECB, and US Jobless claims PS: This trade fails if it breaks below the minor trendline

Technicals

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EUR USD (Euro / US Dollar)

The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

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