106 could play out dependent on Dollar weakness rather than Yen strength - Dollar index has been topping out for a while now and 'bearishness' is in the air generally. USDJPY has now had two significant moves down - so the next phase could be level ...

Bull trap playing out.

Expectations are what happens when you least expect it (in FX).

I like checking in on this thread as it offers a challenge to any bias I may or may not have about the EURUSD. I chip in my 2cents worth if I feel the need. No more complicated than that. Its a great thread and just goes to show that we are all wise ...

Post #85,470 Upside beckons IMO. Medium term target (from a swing traders perspective!) 1.16250 area - a long way off for now but the wheels are turning. Caveat - there might be another GFC later in the year - history doesn't repeat but it sure does ...

Scalping the range for now - but keeping an eye on the higher timeframe pattern (descending wedge) as my bias is towards upside as we go through the EU election period this month into next. But prepared for a move south if USD maintains it's ...

Its an education to watch the other 'correlate' USDJPY too. Japan back from a long holiday this week.

Dollar strength holding through - for now. Next week could be a different story. The 'sell in May' aphorism usually only applies to stocks and shares - and is driven by the Victorian era activity of the monied classes going away for the various ...

Even after yesterday's 'corrective' move - there seems to be tentative upside movement - not seeing significant downside conviction in the same way as we had on 24th April. Support in the 1.11870 area, with upside resistance showing at 1.12170. ...

Interesting H&S pattern forming on the M5 TF. Neckline around the 1.12250 level. If we get a fractal pattern (smaller but similar 'M' shaped print) then will be expecting a significant push north. If and only if the price oscillates around the mean ...

Upside scope needs to breach 1.12678 (IMO) as the month progresses to validate a break from the descending wedge on the W1 (weekly). The drivers would be significant improvements within the EU zone economies and/or the converse for the US economy. ...

Heads up for the next 5 market trading days - there's a bunch of public holidays. So expect FX quotes to have increased broker spreads on these days too. (May 1 'Labour Day' across Europe, May 2,3 China celebrates 'Labour Day' too, May 6 UK Late ...

Re. These position ratios from various different providers/brokers, I don't think they can be used as a guide to trading a bias either way as the FX market is orders of magnitude bigger than any and all of these retail outlets can offer as an ...

Post #84,604 ...

In concurrence. One thing we could lookout for is a short squeeze on the upper side of your Channel 2.

Question is - Dollar strength or Euro weakness? For my money USD is looking a bit asymmetric at the moment. Today's price action reads like tentative accumulation on the EUR side - with plenty of 'fake-outs' around the mean of the day. Data once ...

I'm seeing a number of patterns formed and forming - so it seems a bit like a 'coiled spring'. I think this could pop unexpectedly.

A shallow up trend is in play - M15. Not yet broken either way by 'the pip sweepers'.

Not sure about 'expert' - but I've been around long enough to stick to never risking more than 1.5% to 2% of my trading account on all open trades. Still in the game, so it's still working for me.

Just a word to the wise ... Strategists are warning about possible 'flash crashes' in currency markets as Japan... size accordingly - at least that's my plan.