EURUSD only

USD-index: The retrace could end in the red box.
This would mean for eurusd move above 1.1700 again.
I will be watching the usd index next week to find the place to rebound to sell eurusd.

Have a good weekend all !

ps here you can find this index:
https://www.investing.com/currencies...treaming-chart

always with delay that cot and not always good info but last tuesday shows increase long positions and decrease short positions

the one from 10 august

Very difficult session, Friday. After being significantly up and then refusing to close with very dignified gain, ended up heavy underwater. The extent of the rise above 1.168 was unexpected to me, even though I had indications, in hindsight, so many things to track and impartially evaluate in real time... a lot of stuff gets mentally dismissed if focused on own dreams. In essence, I neglected the good practice of playing it defensively while focused on the extraordinary returns that at times, I had only 4 PiPs away.

Session end. Could have handled it better. On the other hand I never lost control and managed it better than similar situations in the past. I should be able to recover the loss in a short time.

At 1.168 there was significant selling that for hours absorbed all buying pressure, then, evidently having filled their shorts, they let it go and it rose 20 PiPs on air. That's how large positions are filled, they created demand by bouncing off the low and overcoming obvious SR 1.1675, and the expectation of a rise, so everybody is buying. The messing around above that, was large short accumulation and NOT a conflict between "bulls and bears" as many retails believe. The rise above 1.1680 is the payout for filling the big boys shorts. That "bulls vs bears" paradigm and all the related talk, descriptions and depictions are so silly and annoying that they merit to have those who hold or manifest them on "Ignore", by itself.

The down trend is not over. Next week after a bit of down, there are some more PiPs of upside to go before reversal.

Placed a short 30 minutes before the close Friday. 1.618 level reached. Double top.

The move up on Friday was a qualified Wave 1 up by scoring beyond the E-67

The faith of the rally would be decided just beyond the Oversold level, around the Keltinger band and the 20 MA.

cca 1.1760-1.1770

careful, until there is a sign of weakness (RSI2<2.30) there is no lift you can short into

Seek & destroy

If market opens without a bullish gap, in other words if market opens below 1.1715 roughly, it would be wise to stay away from going long..

Wishing everyone a successful new week... See ya hopefully after London opening..

Sonderful week for everyone,

Buy limit @ 1.16744
Sl and tp 50 pips

EuroUsd: Trend long or short does not matter for this week target 1.1800-1.1900

I hold my long, and zero risk. I will add more buy, if i got my signal

Hi traders...

....oh my oh my!!!! Coming back just to see that bulls completely took the lead. That's not what I had anticipated before going to sleep. Look at those badass candles slicing through my M30 resistance zone (the 2 parallel red lines) like butter. What I expected was a drop first to build an M pattern (thick red line down) and this steep rise should have had happened later, let's say after London opening or so.. but here we are watching price already dancing near those highs which I mentioned last week (https://www.forexfactory.com/thread/...1#post13673951) .. These type of moves during Asian session are really annoying for most EU session traders -including me-, where all the fun pa is already complete before the day even starts.. Sighs!

Back to the drawing board... I need to re-analyze, and I hope there is something left for the day to trade...

For now, this is my quick plan based on H1: Stay long and keep buying dips roughly towards 1.17015 with hopes that the potential inverted H&S plays out.. My expected target area for the day would be somewhere around 1.1749..

*If 1.1720/25 area keeps resisting, it would be a good indication that the right shoulder needs to be built first!

Hi All,

My H4 lower zone held, I entered long @ 1.1690, targeting the upper zone today. TP set for 1.17530

Guy

Good morning an happy new trading week Ata and friends !

Your excitement is contagious Ata ! It was indeed an interesting Asian! I hope with you that us EU session traders will have some nice excitement to come still ! I have a feeling we will.

Testing first major resistance as we speak. Held firm for a full day the 18th, day of multiple failed attempts before a new low.

Wonder if this time bulls will make it through. It is a good start ! Although I am not worried for my shorts while under 1740, I am concerned that we have to defend 1720s for the trillionth time ! Oh, I forgot , patience MTako! patienceeee !

Looking forward to your "after suave Asian moves" analysis

Nice to see your new analysis

1720s reactions today should put this smooth impressive Asian Up-Rising in a clearer perspective. Had not thought of that possible head and shoulder. Great stuff, as always. I think we will see even more surprises this week... mmm yummmmm

hi every one
i am new member
any one here who can teach me about profitable trade and about reliable broker where easily withdrawal option.
thanks to all and good wishes 4 all of you

This last closed 15min candle is the one to beat !... I am trading either end in the direction for a quick 5 pips, rinse and repeat.