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EURUSD only

Quoting mtako
Bulls trying to break free !!!!! {image}
And they did, at least from that 1min perspective. Well done bulls ! my 1H cycle almost over. For me, bulls need closings > 0560 to end it and, so it happens, weaken 15min down momentum at the same time! Any new 5min low -1pt is a scalp for me from here, each with TP4!
If I don't mention SL and TP = longer-term setup possibly in the works!
5min ranging setup is back ! Sell stop 05496 TP9
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting dondealova
Bought at 1.05363
Done... Nice weekend all
Quoting dondealova
{quote} Done... Nice weekend all
Beautifully done mate! Great day of opportunities for both bulls and bears after the dust settled, well done all !!! You too have a nice weekend mate ! I have the sweetest company these days, so will take advantage of it as well as I can also !
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote} And they did, at least from that 1min perspective. Well done bulls ! my 1H cycle almost over. For me, bulls need closings > 0560 to end it and, so it happens, weaken 15min down momentum at the same time! Any new 5min low -1pt is a scalp for me from here, each with TP4!
Good try bulls, maybe next hour , good luck !

Hey you! Bears ! I'm lowering the limbo stick now, whether you like it or not !
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
5min ranging setup is back ! Sell stop 05496 TP9
17 5min candles later...

It's Friday after all, take all the time you need
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If I don't mention SL and TP = longer-term setup possibly in the works!
a Friday Special, presenting the "AntiVolume AntiVolatility Just Go With The Flow" setup !:
Quoting mtako
{quote} And they did, at least from that 1min perspective. Well done bulls ! my 1H cycle almost over. For me, bulls need closings > 0560 to end it and, so it happens, weaken 15min down momentum at the same time! Any new 5min low -1pt is a scalp for me from here, each with TP4!
Stopping these right here 0538!! 14*4=56
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting Js3mwtRc
Bulls be careful from now on we may experience a whole new December monthly candle as big number of options expire today so keep safe!
Quoting mtako
{quote}That would be great. I would prefer a slow but steady move, but the big news makes that less likely I reckon...
I guess we could get both
If I don't mention SL and TP = longer-term setup possibly in the works!
Sold here 05360, attacking the 1min hammer !
If I don't mention SL and TP = longer-term setup possibly in the works!
Need 20 more pips and we've got ourselves a countertrend 12H setup, long time no see old friend !!!! Of course, it would be for entry hunting next week
If I don't mention SL and TP = longer-term setup possibly in the works!
CPI Y/Y Forecast at 7.3%, from 7.7%. Quite a drop.. if this is to be true, I don't see any reason for USD not to continue to depreciate. Time to break that R?
Can't wait for Tuesday and CPI data..
Quoting mtako
Volatility is starting to shrink, big fishes are out, beware ! sell stop 0547 + Selling every new 15min low from here !
Done with this setup as I have one last drop of wine. Closed here (0533) the 16 positions... The series of bull candles lows gave some extra milk , after which the straight AntiVolatility move ensued.

Happy weekend everyone !
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If I don't mention SL and TP = longer-term setup possibly in the works!
EUR/USD H4 TF

Still Uptrend..
Yet again, close attention to what Asian Session will do..

However, price tested ~1.0595 again, something to keep in mind.. Selling could be more beneficial here than Buying although it's still an Uptrend in my opinion since we have price testing that R already.
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Quoting mtako
{quote}{quote}I guess we could get both
Yes both happened, at least we had a flashlight for the Friday and that is what I like in this forum
Feels right this time!
It is choppy times for sure. No matter which side we think this goes next... 1.0559 is my inner channel mid-level! If price climbs slightly above it, I would see it as a wave b and try to find a good sell opportunity to trade an anticipated swing c down, but I know robber banks could stop me out by turning what I think is a wave b into a much higher located wave e. That's what trading is about: accepting losses once you play the odds, since nothing is guaranteed.

Therefore, long story short: while price is roughly below 1.0570/75, I will prefer to sell. (Short-term!).

My humble advice: Use this chart as guidance for Monday!

Anyway... Keep enjoying your weekends.. Cheers
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Be a seer, not a looker!
EURUSD has consolidated below all these resistance levels (see chart) still bullish above 1.0428 & 1.0390.

It is going to be the most interesting week of the December and maybe and the year, the ECB and the FOMC are holding meetings and they are going to raise rates from 0.50% both with the ECB going also and maybe for 0.75% but first we are going to see the US CPI numbers out at Tuesday and this will be the key event for a dovish FED and a more bullish EU. The volatility I expect is 141 pips.

With a big long candle closing above 1.0637 the road to 1.0788 is open. The bears will try to break this small upward channel and the 200 ma so they can have chances to reach 1.0200.

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Have a great rest of the weekend
Feels right this time!
Quoting Ata-Turkoglu
It is choppy times for sure. No matter which side we think this goes next... 1.0559 is my inner channel mid-level! If price climbs slightly above it, I would see it as a wave b and try to find a good sell opportunity to trade an anticipated swing c down, but I know robber banks could stop me out by turning what I think is a wave b into a much higher located wave e. That's what trading is about: accepting losses once you play the odds, since nothing is guaranteed. Therefore, long story short: while price is roughly below 1.0570/75, I will prefer...
We are going to see more like this choppy price action as December is the month of choppy price action but going for 5-15 pips at small charts is good I'll stay!
Feels right this time!
No wonder 3 green hight impact just like shit flowing in calm river
Mustaqim Alfarabi
MC Master Pips Today: na
Hi All,

Making out a 2 year case for the euro bulls. I like trading market cycles, because it keeps me on the right side of the market. Here we see the market cycle of the EURUSD for 2021 and 2022. In my view, the euro is currently in a correction phase, heading for the 0.50 Fib of the 2 year range. The highest I see the euro climbing is 1.1000, with likely the weekly 200MA acting as key resistance, before a sell cycle starts.

As per my previous post, I'm trading a bullish channel (circled area) on the Daily, with 1.0800 being my first target. I like 1.0800 because it is roughly 50-60 pips away from the 0.382 Fib of the 2022 yearly range , and is also the mid-point of my weekly channel.. From there, based on candle formation, I'll consider my next TP.

For the Elliott Wave and Harmonics fans, we can see a 5 wave Elliott Wave spanning 1 year and 9 months, now into leg A of a classic ABC correction. This is also why I maintain a bullish bias on the euro, because the 0.50% Fib of that 2 year range will be like a magnet to price action. I merely added the two black dotted lines to show how the Elliott Harmonic pattern is formed.

Good luck to all.
Guy
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This week we are entering is highly significant for the major trend shift. Its either a bounce or break.

take a look at the weekly chart.

P.S i still favour the bulls but i keep in mind that Bears are lurking in the shadows
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Risk comes from not knowing what to do
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