AlgoTradingGroup

AlgoTradingGroup

Good morning traders, We havent traded yesterday as we took a day off and were just observing the market. Today morning we come accross EURUSD and realised that its been ranging if you look at the higher time frames. Notice where we marked Strong High. Thats potentially heavily guarded highs by Banks that took previous high and swept some liquidity from the...

AlgoTradingGroup Updated 

Good Morning Traders, It seems EURUSD trend has been changed to bullish since 14th July, 2022. What we see in EURUSD this morning is that yesterday evening price shot up over 100 pips at arouund price 1.01400. This suggest the buying pressureis high and ithe institutions may have placed alot of buy orders at price 1.01400 approximately. However dont be...

AlgoTradingGroup

Good evening traders, While we are posting this idea in tradingview, london session has already ended so we will observe the price of EURUSD from the marked area above. Since the probability of this trade is high, we will risk 0.50% if it triggers before tomorrow's london session. However if it triggers tomorrow during london session, we would take 1.00% risk...

AlgoTradingGroup Updated 

Hi Traders, Yesterday we caught a lovely 1:4 EURUSD buy trade that reversed soon as it hit our target Today we see that during london session, EURUSD continued dropping with heavy volume. Now many retail traders or so called "Institutional Traders" or "Smart Money Traders" will buy at the range before pricen decided to fall. Range marked in grey area 1.01438 -...

AlgoTradingGroup

Good Afternoon traders, Last friday we entered a sell trade on EURUSD which unfortunately got taken out at breakeven and we missed 1:7 Risk Reward Setup. Check out the idea posted on friday in tradingview However, there are no regrets and certainly no revenge trading. There are many opportunities in the market every day. Today as we analyse EURUSD, we find an...

AlgoTradingGroup Updated 

Hi Traders, EURUSD potential movement. We may not enter this one as london session has ended already. If this mitigation takes please tomorrow morning, we will be looking to find optimal entry. However as you may have noticed, it has just tapped 4H POI and may would be looking to sell. That might not be the case. But we could be wrong. Hence why we observing...

AlgoTradingGroup

Good afternoon traders, As per our previous idea posted yesterday, we were observing EURUSD and expecting it to rise further up. However as stated in the idea description "We may not enter this one as london session has ended already." We now see that EURUSD price is strongly bearish as it tapped 4H POI at premium pricing levels and also correlating with DXY...

AlgoTradingGroup

Hello Traders, Today morning we took a buy in EURUSD which unfortunately hit SL -1%. Later we managed to catch 1:5 RR trade as you can see. Why did we buy there? Price reluctant to go below previous low while leaving wicks and creating BOS on M1. Also volume confluence. Our long term bias was bullish before we hit the SL today morning which shifted our view to...

AlgoTradingGroup Updated 

Good Morning traders, Yesterday our EURUSD sell trade got taken out at breakeven after running at 1:2 risk reward. This then created the POI resulting in Momentum shift to bullish. Suggesting that the BFI (Banks and Financial Instituions) may be buying leaving their footsteps i.e. last sell before buy. Which allows us to follow their movements. We see 2 buy...

AlgoTradingGroup Updated 

Hi Notice that EURUSD since 13th June has paused it downtrend and created higher high. However it did not sweep the EQL liquidity which still remains. We believe that its now time to sweep EQL liquidity and then continue uptrend for sometime at least. Lets see how price reactions. We will keep everyone posted

AlgoTradingGroup

EURUSD currently at H4 OB where alot of institution orders lie to be mitigated. We may see bullish EURUSD from here potentially. No trades taken yet, we are just observing and waiting for the perfect entry. Will update as price moves. A potential sell entry is marked in the chart

AlgoTradingGroup Updated 

Good afternoon traders, Yesterday we had a bad day as one of our trades got stopped out and second trade got taken out at breakeven. Overall this week, we are still in profits as we caught 1:5 risk reward setup on monday giving us 5% return on that trade ENTRY: Today during new york session we seek to buy EURUSD at around 1.06952 - 1.06854b approximately. This...

AlgoTradingGroup

Good morning traders, Last 2 days has been chaos for EURUSD. Alot of retail liquidity has been taken by banks. We noticed that EURUSD tapped 4H poi at premium pricing and resumed its bearish trend in long term as we mentioned in our earlier posts. Also, notice how quickly it dropped and compare it to the time it took to climb back up. This suggests to us that...

AlgoTradingGroup

Good Morning traders, We are looking to buy EURUSD this morning as we believe its still in bullish pattern. Price yesterday, shown some weakness to tap into 1 hour POI, 200 EMA at discount price. It never touched the heavily guareded lows telling us there is still retail liquidity trapped at heavily guareded lows. We notice that price as it creates higher highs,...

AlgoTradingGroup Updated 

Good Morning traders, This morning we see 2 very good buy entries for EURUSD, both potentially in the discount pricing zone. We will wait for more confirmation once price taps into those areas. We can clearly see that EURUSD is bullish as indicated by increasing volume as price makes higher highs as last week, EURUSD never really entered discount pricing zone,...

AlgoTradingGroup Updated 

Good morning traders, Our yesterday's EURUSD entry unfortunately got taken out at breakeven. Today we look to buy EURUSD. A wise buy area would be at a discount price around 1.06356 - 1.05913 However price is currently at the premium pricing and we are reluctant to buy at premium pricing as theory suggests, Buy at Discount & Sell at Premium. Currently EURUSD...

AlgoTradingGroup

As suggested in the previous idea posted today, it was not a good idea to buy at premium pricing and the price did not break any structure to give us confirmation of change in market direction at the previous POI in the premium pricing. We are now looking to buy EURUSD between 1.06356 - 1.05913 (discounted price area) We will wait to see how EURUSD reacts at...

AlgoTradingGroup Updated 

Good morning traders, As per our yesterday's EURUSD idea, price carried on higher without triggering our buy entry. Today we see an opportunity to sell EURUSD as it has shown a sign of reveral at 4H POI. The sell signal was sent and already running. We will wait to see whether price stops and shows weakness at 1.06767 or continues until the discount price...