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EURUSD only

Hello friends, last week everybody was long on the EUR but I think this upcoming week we should be getting short. The DXY index in at a solid Demand zone and using the action and reaction lines, the bearish rally may be over. Fundamentally the dollar is still king, it had a pullback giving everybody an opportunity to go long and get in on some positions. Safe trading!
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EU COME BACK 0.96XX
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gm index 4htf
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Quoting Kimmymore
EU COME BACK 0.96XX {image}
do you think it wil retrace back t0 1.04xxx before 0.96?
Happy Sunday mates ! I missed you Friday Hope you are all well. I had quite the weekend and am looking forward to just as good a week, as usual
Quoting Eren10
It could finish the day above 1.0320, so the price is very close to the bottom.
Early in the day, you got it right on the nose, nice mate ! Why I note it, and again here
Quoting mtako
......<0320 and chances long-term bears kicking start growing for me ! ...
. We can see a bit of why on chart below.

I left you all Thursday night with
Quoting mtako
.... bulls DID lose some momentum today, among other observations... Intraday bulls did good to get out here, tighten SL and/or sell! ..
And now, given the eternal ranging still and that we are in the traditional lows(really?traditional!? Bollocks Mtako!) , and still high enough( >0320), I state the exact opposite: Intraday bears did good to get out there, tighten SL and/or buy!

I want to thank all members who have remained respectful to each poster, helping to keep this place warm despite the ocasional "cold drift". We all have our own views and trading approaches and as well as preferences in posts. And on top of it all, we are sharing them for free.. So I am grateful to all respectful sharers, for you have all been very generous in your own way, even if you post only chart, or only text, or with too many .

Therefore, a big thank you and hug to you all and extra special taco-flavored ones to those of you who are contributing in a way that makes this place open to many diverse views, not a few or negative towards other's... Where all who respect others feel like they are welcome.

So to you who contribute in a respectful manner, and withing Ata's rules, without which this thread would not be what it is at all Thank you Ata !

This week, may we trade with the sharpest of minds with discipline of steel and 110% according to our rules, and may we not get blinded by anything else!

Cheers all !

P.S If price opens and closes above the duck's beak, who will buy that candle's high's break with me? And what if that happens below the beak? Exciting triangle trading!
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting Js3mwtRc
On the Daily chart for me EURUSD should hold above 1.0200/58 fibo zone and Sep's high. If not then 1.0120 or 1.0008 are posible. I also watch the steep trendline and the upper side of the channel, a close below is bearish and a bounce at them should give a bullish signal. Also the 100 and 200 DMA's can offer some range trading if we don't take a close above/below. The upper trendline the blue arrow targets above 1.0481 is from the weekly chart I shared some post above. The pips that EU can travel the next week are 145 and a more riskier day to achieve...
Next FOMC is on 14th Dec, Wed just the protocoll of the last FOMC.
Another day, another dollar.
im feeling bear on this one guys, 4hr-wise
I open here my first long from bottom of ranging Heaven 0306
If I don't mention SL and TP = longer-term setup possibly in the works!
Going pretty aggressive till 0330 . Wish me luck! as scalping bears are stubborn up to now. Cheers all, happy trading week !
If I don't mention SL and TP = longer-term setup possibly in the works!
We bounced off from where the trendline is.

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Patience, Emotion Control and Discipline.
As we can see through the bird's beak(see above post), the ranging has been tightening for now but will for certain widen again, as volatility always comes back.

Sometimes Volatility comes back even stronger than usual, especially if growing in-trend and when momentum has not been shaken yet, which, for me, is the case for this upmove from 1H to Daily.

And with the recent growth in bull volatility this second last week, and without any comparable bear movement since, bulls are still in great shape and still have the potential to continue their rampage.

The upmove lost a tiny bit more momentum and bears grabbed a little of that, as we can see happening now. Though nothing of significance yet, especially in rangebound cycles like these, when it is typical for the range to shift up and down, grow and shrink... Nonetheless, it is sometimes the tiniest drop that spills the glass, and we are still in a longer-term down movement with much potential. So keeping my eyes peeled for opportunities both ways, and preparing for the best as well as the worst possible outcomes, and all of what can happen in the middle.

Bears are still needing some decent lower lows(1H openings and closings below last weeks low at least !).

Whereas bulls have broken through significant levels for the first time in over a year, and are still up above, leaving them a bit more room to fail if they are to prevail.

Traders are still digesting the first unequivocal +400 counter trend week we've had in this year and a half long downtrend : last week's body is not even 1/10th of the previous week ! Very significant this moment is .


Looks like our duck's beak (triangle) is still getting threatened! Although less tastier then wedges, I sure love triangles, especially when they are symmetrical. So well done bears for bringing some symmetry in not only last Thursday:
Quoting mtako
{quote}Well done Bears for bringing some symmetry in this week !!!Seems like a joke, but it is very important in Ranging Heaven science{quote}Bulls need more!!! The 10th of November's ghost...
, but also Monday, Tuesday and Friday. Question is, will bulls counter that symmetry from here again ? or is this the start of the end for this impressive up adventure?!

Thing is, as always when it is so silent, there is a violent crash in store, and we have to prepare accordingly!!!

Earlier I shared a bit of my near term view, more at the 1H, and I forgot to share zoom *2 and *12 to see the Lama and the future battles north, if that is where it continues heading!

Ready to long a second time and perhaps more: Buy stop 02994 0313 0321 0327 0339 0350
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting johncen
We bounced off from where the trendline is. {image}
To me support is now broken, waiting for new low.

I have closed some shorts at the trendline. Oh well all about protrcting my profits
Patience, Emotion Control and Discipline.
Bought a third here 0289, and putting it all on auto-pilot. Going out for breakfast with a friend = possible heart attack, but a hell of a great time ! All would be at BE once Fridays high broken... Cheers all !
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
Bought a third here 0289, and putting it all on auto-pilot. Going out for breakfast with a friend = possible heart attack, but a hell of a great time ! All would be at BE once Fridays high broken... Cheers all ! {image}
on the same boat here. Counting on that bullish flag. SL: 1H close below 1.028 or a break of 1.027
Maybe I'm gonna Buy around 1.0200 and 1.0180
Good evening friends, price is now trading at the demand zone, we might get that pre London fakeout before most likely continue dumping. Looking at the candle volatility, price is coming down very strong. Price pierce the demand zone with no signs of loosing strength, If anybody is buying, I would suggest to wait for a fakeout or liquidity grab, but at this moment, the safe and educated bias is to the downside. Sellers are reaching the median line of the fork meaning that sellers have exhausted energy, and we might see a push from buyers for an opportunity to go short.
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Quoting nic9man
Retail longs now above 44%, up 5% from earlier today and 14% from the lows. 50 pips down and it rises above 50% and then you know what to do
wow that went quick, retailers now net long at 52%.

https://fxssi.com/tools/current-ratio
Another day, another dollar.
ok top ranging play , nearest support goes to 0248 and 0140 , while limit down for all up 0093 intact and target still up ultimately apparently. let do first things first now correct as far possible down , risky to take now , so to wait when restart bull as only one way play for me . ,take care
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Not understand?never follow my analyses!
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Another day, another dollar.
Back. I was pleased price did go up to levels I expected, while I was away.

Now, w/o significant news triggers, this EURUSD is likely to trade range bound between $1 and $1.04 in coming days, for the rest of November.

Price can drop to parity this and next week. That means I'll add more longs to it. I did close some trades last week, 7 or 8 positions I believed, averaging 100 pips each. Now I have 14 positions, all in profits already. I'll not add any while price stays above my 161% Fib. Between 161% and 200%, I'll add two longs. Below that, 3 to 4 trades all the way to 0.995.

With FOMC expecting to slow down to 50 bps in Dec '22, I suspect we'll not see 0.95 again this market cycle. If you had picked up Euro at that cheap price, then congrats!
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