Meanwhile, on H4... This is the 3rd retest of neckline and in the same exact manner: strong bearish candle gets stopped right at neckline.. How many times can this rejection repeat itself? 3? 5? 10 times in a row? What are the odds? Go figure.... ...

Sure.. all possible.. But let's go step by step... Good bear momentum for now.. that's what I see and I play along! Remember the "crown" on H4, but neckline has to be broken too... Let's see if it comes to that... Best wishes

As mentioned earlier, price below weekly resistance "1.0886" is no joke... I favor bears now! *It takes time though until my puffy bear can climb down..

Watching angry bears.. momentum looks good..

Meanwhile, on M30...

Don't forget that I am trading the M30... The wind can change quick there and I will adapt even quicker!

Yes true.. the neckline at 1.0850 still has to be broken.. Time will tell... Best wishes buddy

What do you think of the potential crowning ceremony of King Bear Bearson IV?

Based on your "confident" comment, I checked H4... It looks like you could be right.. I don't rush though.. I am on sidelines and now trying to detect bearish signs around 1.0895... Best wishes

Okay you are interested in where long-term resistance is hiding... Well, for me, I check my weekly chart every weekend and I have 1.0973 area as crucial resistance for current week... Based on my personal fib levels though, 1.0886 area was supposed ...

You are shorting against M30 trend.. can it work? Sure.. if you are lucky... I keep buying dips based on M30 trend... can it fail? Sure.. if bad luck is attached into my day... But on average, the odds are favoring buyers, especially while H4 ...

Based on M30, 1.0901 is my current supportive zone... As long as price is above it, no selling, only buying dips! Happy new trading week to all

Situation on H4 chart. Presented as simple as it gets. 1.0885 area is key resistance...

Meanwhile, on M30... Since I marked 1.0875 as nearest resistance, not much has changed... Choppiness is all over the charts but for now, I prefer to stay short..

Too much theory talk lately... Can we please just focus on "EURUSD"? Thanks...

Yes, "patterns" are not perfect, but we improve our understanding the more we catch them.. It is one of the "wiser approaches". (Patterns approach were not made by greedy people, but by "wise" people or "genius" people.) Therefore, "risk management" ...

Trust me, money is and always will be affected my "human greed"... Even an AI is eventually created by humans, and therefore "greed" will be automatically implemented into the code... Greed of individuals might differ, but greed of "large masses" ...

Meanwhile, on H4... I have two scenarios since candles seem to be trapped... Either a swing up that gets rejected or a swing down that gets rejected. With the overall bull power in mind, scenario 1 seems more possible for now but nothing for sure ...

Meanwhile, on M30... Currently, bulls are being blocked down by my long-term wma-112 line around 1.0893... As long as candles are below it, bears have the upper hand, BUT there is also support expected from 1.0877 area.. Therefore, we have a ...

Yes, therefore no selling..