EURUSD only

Hi Not-Kpmg,

I guess at my age I should look at new glasses, but so far I can see your writings. Thanks for your strong viewpoint. I follow with interest and will check in on it timeously.

Best Regards.

Thank you OKShop!!

appears the volume may be gone for the day. The "players" must be starting early weekend cocktails...guess I will close my 10pips. Have a great weekend all. I love the group. Someone usually post something that I may have missed..

Wanted to share this 2 simplified charts a couple of days ago...well...

hi friends
monday probably eur will downtrend
high depend that first hours how start

We all try to help.

I actually edited my post when i realized you're on smaller frame.
More explanation included...

I do trade small frames... but i guess never chart them

It's funny how big frame may look just like small one (sometime) and how same moves repeat again and again. Two green, spike, two red, spike, two green.... Let's see Monday

eur/usd daily , h1
dollar index daily , 4h , does not break the trend line

Hi folks, I'm new here to this forexfactory. Look forward to interacting down the line with you all. Loving the charts btw

EU M15, zones and PA

closed my last long at be and called it a day

yea the daily - that's why i preferred shorts initially

but then the intraday charts showed some breakout to the upside and some momentum kicked in

reason enough why some days it's just better to go with the intraday charts even if they go against the daily trend

agree with you that the daily trend is still short unless a big move to the upside come Monday

Adding a buy trade here,

Take note, my trades are short to medium term.

have a good weekend.

Pretty close to an Evening Doji bearish reversal on the DX in my opinion .. I see a lot of post for a bearish move on the EU. I still see upward momentum (correction) still in process. What am I missing?

you're quite right about that evening doji

it's just a bit too early to tell , we'll have to see what next week brings

week is over.....cya.

On new week now what is important for bulls is to settle above the 1.1638/58 level.. If they can we probably will see new highs.. If not and especially if Monday candle closes back below the 1.1658 level, bears will possibly try to retest previous lows.

Calling it a day and week.. Take care folks and hopefully see you on Monday London Opening.. Happy Weekends..

Stay Green

Kaboom Eu. I normally dont look at Eu On a friday evening but hey this is Month end.

all the best with your trading

Daily

There is another possible gartley on the Daily, with a target higher than the previous on H4.

PRZ @ 1891x, so I'm thinking either this target will complete minute corrective ((c)) and minor motive 4.
But caution there is an EMA200 in the way.

Next best count will be minor A and wave 3 - 4 - 5 are already complete.

Attached Image (click to enlarge)

Weekly

Might be a little early to tell but in the longer run we'll need an intermediate corrective wave (B).
I know predicting in the long run is probably not the best idea. But either way, this is something I think, could play out.
I already posted this before when we were still working on wave 5.

The PRZ of the gartley is in line with some previous structure and the end of wave (B) at structure resistance of intermediate motive wave 3.
I do believe however we can see 151x again a couple of times the next coming weeks, and as long as price stays above, this is a valid.

However, longer term probability remains: a new structure low with a shallow correction and a deep projection.
This means that if we are at minor wave 4 and wave 5 is still to come, the PRZ that lines up with structure and fib 38.2 is a great short entry zone.

For the swing it's probably best being careful going long, wave (B) isn't that interesting to do that anyways and it's best to wait for wave (C) and don't trade against the main trend, so best to wait for intermediate wave (C) or minor wave 5 (if there is one).

Intraday however I think there still might be some opportunity on the upside the coming week.


Okay, that's it have a great weekend!

Grtz

Good Morning

Nothing has changed since two weeks, we can keep trading within the same range and be happy.

Here is a H4 chart for you:
> The Downtrend is very much intact
> Watch the eMA 200 inside the current Supply around Resistance


as usual, keep things simple, buy low sell high and the pips are yours

here is my M15 Priceaction Scalping Setup for intraday trading


Reminder: you need the Lion Attitude
Happy weekend

H1 Outlook for NEWBIES

Happy weekends folks.. here is my analysis for the coming week, solely for Monday and especially for learners! I kept the chart as simple as it gets and I hope it helps. Okay, here we go:

1. 1.666 is the main support area and as long as we are above it we keep buying dips until price (hopefully) arrives at red zone on chart: 1.1713/31. There we can start looking for bearish evidence.
2. MACD showed divergence but price pushed a little higher. That's why I recommend to stick to the trend. We never immediately sell or buy just because there is divergence. Market often shows double, triple divergence before it reverses and therefore divergences can not be seen as "the only" signal. Best practice is to keep following trend until we can't see new highs anymore and once we see the first lower low in our case. On chart there is no lower low yet so again: we keep buying dips.
3. The most recent "London Open to London Open" trendline is steep: Shows that uptrend power is still strong. Until next London Opening price comes out all we can do is to rely on bull power. Just keep in mind that everytime when candles go below this steep trendline bull pressure needs a new kick that sends it back to the upside of the trendline. Once candles can not go back above it or they are not even able to touch it we can assume 4 things. And these happen again and again:
   1. A) Market starts moving sideways but without printing any new lows it continues following main trend!
   2. B) Trend loses steam, makes a small or big correction to retest previous lows but then comes back and continues following main trend!
   3. C) Trend loses steam, and then fully reverses.
   4. D) Trend fully reverses suddenly without any slow down or warning.

4. So.. if you look especially at B) and C) you will notice that the feeling market is giving is similar in the beginning. "Trend loses steam". The psychology this behavior creates is the most confusing part for many traders. That's where many lose their cool and give back profits. Another thing you will notice is that only D) is our blind spot. The chances for D) is 25% right? It happens rarely. But I know that many traders (unfortunately) fear to jump in to an obvious trend just because of the issue with D). I would recommend to get rid of this unnecessary fear and stick to the trend as much as you can. Yes here and there the D) case will stop you out but on average you will profit always more than you lose. Look at case D) as the imaginary monster under a kids bed. Get rid of that fear.
5. Newbies must master to detect the difference between B) and C): "Trend loses steam"! Yes, that is the key element to watch. What you decide to do after that is what matters most. And the best practice to this is to watch FIRST if there is a lower low in an uptrend. Or if there is a new higher high in a downtrend. If not, why would we bother???? If yes then we look for additional signals like Divergence, S/R reaction, News, Correlations, Patterns etc. So again, in our case: As long as there is no lower low and since we haven't reached our targets yet why would we close our longs? It makes no sense. All we can do is either letting our longs run or if we are not in a trade we would keep buying dips: As long as price is above 1.1666!
6. That being said, we also must be aware that candles are currently positioned below London Opening trendline. That tells us that bull pressure has weakened maybe due to low volatility or maybe indecision or maybe because market taking a breath. From here, we can expect some sideways or corrective priceaction for a while.

That's all I can say for the current picture. Wishing you all a happy weekend.

Stay Green

We can only click 1 time "Like" huh...

Great explanation Ata, thanks