EURUSD

Watch for the impulse .
Then corection .
I doubt it will retrace bellow 1.0610

Really doubt it also, if it makes that far

Plan! Have a great weekend everyone

Part 2 of the move at rate decision (<1.0490) and then go up > 1.08x.

Its already full moon where I live

Don't forget, probable rate hike US$ next week

This concept of friday close, with a retracement the following week, I have never been exposed to this concept before, until now. I studied what you said. Made some what of a shitty spreadsheet and here is what I found.

The only times the market won't retrace the previous weeks close above/below, in the past year, were:

Monday after Brexit
Monday after Trumps election win
Monday after the new year


To add, the larger the movement past the weekly close, on the following week, the larger the retracement will be, usually past 100% retracement of the previous weeks peak.

Now to get more technical.

The largest Overshot (OS) (excluding the above) was roughly 700-800 pipettes. This is when price continues to move past the previous weeks close. This happened twice and when this occurred you would see a 200 pip+ retracement, past the previous weeks close.

Possible overshot of 20-30 pips is more likely. Overshoot being the price movement past the previous weeks close. Considering this week, we got a 282 pipette move back down, we probably won't see price past 1.07 the first 2 days of the week however it might retest this high. When the FED increases RATEs (see my monetary thread https://www.forexfactory.com/showthr...59#post9653359)

Now as for the price movement during retracement, this ranges from 17 pips to 300 pips. On average we see 40-70 pip retracement, made within the first 2 days of the week. Ranging from 76.4 (or 23.6) on the fibo scale to the 61.8 (or 38.1) scale. Using the previous weeks high/low compare to close.

Here are some examples of how I did this and my projections.

Enjoy the weekend's sun/moon to all~~~

I will not trade this week I think its safer.

Get ready to hit 1.1000 very fast this week.
Long term, high impact reverse signal should be made this week. Be prepare and remember to use SL.

Should be GAP UP tomorrow.

hope it open gap up so will get more pips to earn in sell

RSI over 70 and price rejected on 4H. I am hoping market will open with a gap on the downside.

hey brother
eurusd is totally down the next week
u can make the sl far
i giv u the garnt tht it ll full down to the trgt on my chrt analys

https://www.tradingview.com/chart/EU...D-S-POSSIBILY/

Hi all.. i am new to trading.. i was wandering if anyone can give me ur thoughts for monday and the week ahead.. do u think the euro will gain more strength?? Also how will article 50 affect eur/usd? Thanks and sorry if thats a stupid question.

Some euro correlations and volatility chart

Thanks for the study. I am hoping a daily bear candle on Monday. But I still don't know what to expect.

After studying the weekly chart. I realize the bull has not yet finished. But the bear still intact.

So, I have made up my mind. 1.06 and 1.07 should be an important decision for this week. I call the support is at 1.06.

I am hoping a bear weekly candle or at least a weekly close of 1.650 in this coming week. Should it close weekly at above 1.07, then 1.09 is a possibility for the following week.

To summarize what I hope:

1. a daily bear candle on Monday with support of 1.06
2. a weekly bear candle or a weekly close of 1.0650 in this coming Friday.

Good Luck and Happy Trading.

Nice insights, but fed will mess up whatever techs there is, so not much point looking past Monday.

H4 shows a strong price rejection, so technically I think we should see a movement downwards on Monday.