This explains the drop... ATP I doubt CPI will hold much weight anymore as traders will mainly focus on the headlines, however, if CPI aligns with shorts, we could see a serious melt today

EURUSD only

In shorts from 1.15587 TP @1.15000. assuming CPI is favourable that seems like a manageable TP and could even melt further to the 4HR low of the range @1.14544 area. if 1.15600 fails to hold as a resistance, I'm out and will remain on the sidelines ...

EURUSD only

can you break down your setup for me... why do you see shorts & what is telling you to take shorts?

EURUSD only

the melt has only just begun imobut lets see what ISM has for us

EURUSD only

I agree, I think we can take out yesterdays low at least... but we would have to see healthy bearish volume create a clear break and close below 1.16391 imo

EURUSD only

yesterdays longs played out nicely... today I'm with the bears in shorting eu down to at least the 1.16620 area. while eu has the potential to melt further than that, price action this week in my opinion hasn't been the most favourable. my entry for ...

EURUSD only

The drop from yesterday's 1.17400 level looks weak and weak isn't sustainable so at some point I expect a return back to that level but while below the 1.17180, the bears still hold control. I agree with ata, I think we could see some aggressive ...

EURUSD only

focusing on how eu reacts to these levels on the m15...if the bulls still look strong on the retest then I have no reason to close and can look to test the next level

EURUSD only

I had a plan drawn out over the weekend of two possible scenarios that could play out this week. one of them being a bullish breakout of the m15 bearish channel. both the HTF 4hr and m15 have confirmed a bullish breakout as well as a clear break and ...

EURUSD only

I agree though in the past when ive come across a bullish mss ive always seen pa takeout more significant highs before making that retracement and around the 1.17178 (previous high) the bulls still looked strong hence why I took longs to anticipate ...

EURUSD only

yeah kaput, I got out after the hourly close @1.17088, we go again next week

EURUSD only

I sense that the bulls arnt done yet...long @1.17155 next tp @1.17490 ps. if the current 1hr flips to a bull candle, I have high confidence in my tp being hit

EURUSD only

probably cos of this

EURUSD only

looks like 1.16810 woke up the bulls... but was it technical or fundamental? I still have my shorts open

EURUSD only

yeah I agree, could do with some favourable ny session volume... eu is testing the 1.16810 lvl.. last time eu tested this level, we saw an aggressive bounce so watch out for any waking bulls

EURUSD only

so far so cleannn if the bears continue to show strength around the 1.16500 area then we could see 1.16305(bottom of m15 bearish channel) being met today but for now, staying focused on hitting tp first @1.16510

EURUSD only

While the HTF still remains bearish and the m15 is following a bearish channel, both the HTF and LTF are aligned, therefore, Im looking for a short continuation and targeting the lows of the bearish channel (1.16570 area) after we've tested and ...

EURUSD only

thankfully got out of shorts (+30 pips) prior to the release of this data but ill probably call it a day there.. expecting whipsaws now

EURUSD only

since the start of march, EU has left a clear gap open which is yet to be filled. for the first time since the gap open, price action is trading at a level that happens to be the closest to closing the gap open(1.18 area) and in due time I think we ...

EURUSD only

I think for at least half of this week, we will be short... could CPI close the gap that we have been looking to close since 22nd of nov

EURUSD only