EURUSD

Heres a 100% accurate forecast.
We will either reverse at the previous month low and go up.
Or
We will break through the low and go down.
Its not about when, its about where :-)

Got it!
You are my hero

Many thanks !!!!

I like the idea but lets recall last week... open up with a gap down.. then retrace up.. a set for fomc drop.. then boom! Down we go..
here we are if it literally broke the support, I would short it hardcore with big lots, but it bounce again off of 1.172x/1.173x this tells me a set up for wednesday drop on nfp. I maybe wrong but this is the thoery I came up with after seeing what happen last night/this morning.
everyone trade safe. Without further due, lets scalp until then!

hi dears
in this picture what will happened ?

dear is only acceptable to say to women

prices do not necessary turn after a drop...most likely they will enter a channel then a range phase before BO in either direction....

EDIT: and when prices enter a range....most likely the will break for continuation unless PA indicates a weakening of the previous force.....
when in a range subtle information are giving by PA which direction is likely to break....

a range is a phase where they agree.....but they cannot agree for long because business needs to be made....

I like this pattern. Usually it's where we short/buy expecting a reversal and it locks our trades in wrong direction. Don't trade the daily but I noticed it there looming over the longs

most retail traders have the tendency to look for reversals even when they are not any signs of it........visually and psychologically reversals are easy to take because there is a lot of space to go about while taking trades in the direction of the trend is difficult because one has to enter at its low (for shorts) and seems there is not more space to go about......

many also will enter blindly at a specific level (limit orders) without taking in consideration how she will get there.......there is a huge difference between a bull trend traveling in a quite tight channel compared to a bull trend where prices have broken a few TL's and squeezes into a wedge.....

The reality is that PA is an art form and takes a lot of studies to understand its moves while shooting from the hips does not......95% fail or cannot make at the professional level?....I feel this is one of the main reason.

trends normally travel in two legs but often is only clear in hindsight....(because we have two legs into a larger two legs)

looking at the daily initially we had two legs completed from the top then a retracement making the second LH.....

then the new first leg down...if we take a measured move of this leg a projection of the second leg will take us to 1550........

Technically is possible.....not sure if it will happen...

On the bull view this second last leg can end up in fail final flag (is still a bull looking at weekly and monthly)......we do not know for sure....but intraday PA can give us some clues...in which direction to gain at least double of our risk..

see ya at Frankie....

I posted a monthly chart a couple of weeks ago and now that looks like this 1.08 target

oy oy

91% gain in August. Now 39% gain in September. I just can't lose. Almost every trade I make goes in my direction. I just...can't explain it. This is all so surreal.

Post your trades then Nostradamus.

Your getting there ,,,,,,,at least no magic number sequences mentioned ,,,,anything is possible tho man ,, cheers

1.169 is the oversold area... in most of time frames

areas between 1.167-1.168 are very strong to be taken without fundementals

All these moves yesterday is just a reaction of usd higher treasury yeild

Regards,

I'm in so much pain right now it isn't funny. Literally just pips from a rapid unload just to avoid a margin call.

Long?

Certainly. I screwed up the trade almost immediately at 1.1790 and have done everything I can to despirately recover it. If we don't see 1.1765 then I am inescapably in the red.

Get out now and wait for another entry. Why you holding your losers if it hurting your account!

close your trade , close computer and get some rest. You are revenging and not thinking clear.

Oh boy ,,,,,,,,, well a few things in this area ,,blue box last weeks low ,,,weekly S1 and some decent camirilla pivot numbers ,,,,,,,,a bounce to orange is certainly possible ,,,,DP , 30 min 200ma , and 15 min 200 all in that area ,,,,,weekly open above that ,,,,,,,,,grit your teeth a bit longer ya just may escape ,,,,,,,,,,you get anywhere close to even,,,,,,,, dont even think about it,,,,,,,,,,, clear it , live to fight another day regroup etc etc ,,,,,,,,,GL ps below that,,,,,, 1640,,,,,cross your fingers man

Being long isn't necessarily a wrong thing. Is the downtrend expected to continue? There are no EUR or USD news releases other than the upcoming USD speech.