EURUSD

Definitely an intraday bull trap.
I'm glad I've booked it all at 1395.
Now widda naive bears SLs wiped, the real bears may drill south...

bear tight channels...

The USD index continues to strengthen against most its major counterparts that saw EUR/USD slip below 1.1400.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1350 (0.486 BLN), 1.1400-1.1500 (0.282 BLN), 1.1455-65 (0.709 BLN) and 1.1500-10 (0.844 BLN).

Moved stop loss to breakeven on my short position opened @ 1.1540 and with a target @ 1.1283 (Pennant projected target).

Profit (see above) today 110 P (Swing 99P; Intra 11P)
+ 18P + 49 + 15 + 27 = 219 P

Swing filled
long @1.1448 tp 1.1600 SL 1.1375 (because pending short for hedge)
long @1.1402 tp 1.1660 1.1420 tp18P (edited: 14:50)
long @1.1381 tp 1.1660 00 SL 1.1350 (because pending short for hedge)tp1.1430 tp49P
long @1.1375 tp 1.1660

short@1.1403 tp open (edited: 14:19)
short@1.1430 tp open (edited: 15:34)

Intraday
short@1.1420 tp 1.1405 tp15P (edited: 17:58)
short@1.1430 tp 1.1403 tp27P (edited: 17:58)

pending
short
@1.1420 tp 1.1405 filled
@1.1430 tp 1.1403 filled (edited: 15:34)
@1.1430 tp open filled (edited: 15:34)
@1.1464 tp open
@1.1464 tp 1.1430
@1.1365
@1.1350
@1.1345 (edited: 14:19)
long
@1.1395 tp open
@1.1350 tp open
@1.1300 tp open
@1.1216 tp open

correlation H1
Let`s see Dow is coming up, *JPY tomorrow were sooo down
We go up EU to 1.1450?

Could reach 1.15xx area on daily basis to retesting the broken support, strong supply area i guess. Lets see what will happen later.

may be (doe not expect it not today) but nevertheless take my pending short positions @1.1430 as a part of my swing construction

It sure looked like 1.1375 wasnt going to hold today. I was able to get out after that nice breakout to the upside for 50 pips but UJ gave me a scare.

SL on longs now at 113.83 = BE.

I was able to get out in EU but I got caught by UJ =/

close for today 219 P, see above
tomorrow new risks

all the best

Morph Scalping - Tech Levels - CHART

I can spot a correction moves to .1470 and .1520 areas and look for Short setups there...on the other hand, break and close above .1560 on Daily, invalidates bear break and sentiment.

Citibank Trade Idea: Sell EURUSD 1.1376, target 1.1100 and stop 1.1525

"Legacy EURUSD longs may capitulate soon: Looking at legacy positioning on the CME, we calculate Real Money net longs in EURUSD established since early 2016 have an effective rate of 1.1410. Given the macro backdrop and catalysts ahead, we are concerned that this mix of macro risk and positioning will catalyze another leg lower in EURUSD. This means EUR sensitivity to even relatively ‘weak’ catalysts may be elevated and may go some ways to explaining the outsize sell-off on developments in Turkey even as there are only modest direct economic links.

Asymmetric Italian headline risk: Over the weekend we heard soundbites on fiscal policy that that are unlikely to calm market concerns: Deputy PM Salvini vowed to go through with unwinding pension reforms and Tajani, the deputy President of Forza Italia, noted Italy could exceed the 3% deficit limit. This noise may increase in the weeks ahead heading into the budget even if these plans ultimately fail to play out, with ramifications for potentially volatile BTP-Bund gyrations. Given the overhang of market positioning, there is less upside on positive headlines, skewing risk-return to the downside.

Data momentum spreads here to stay: Italian HICP, EUR IP, German GDP and ZEW ahead – could all be weak if Thursday’s IFO was anything to go by. Meanwhile US data exceptionalism is still strong. US Core CPI was a 10yr high beating at 2.4%. This was underappreciated amid TRY noise on Friday."

Of coz it wouldnt move in overnight. It just my plan to short EU in that area/zone. Yes u can construct your short at 1.1450 zone also

My Intraday Outlook.
(ahead London)

Here we go, after 250 pps fall last week, normal PA now.
...all ready for the geopolitics to kick in and shake it (!)
It looks more like a consolidation than a bull corection.
Bears still strong, 1.1400 and the timid bull TL is almost broken...

Intraday resistance :
- 1.1400 - 20 - 32 - 50
Intraday support :
- 1.1377 - 50 - 20 (the Weekly_S1)

Initial intraday plan: if strong bear below 1400 I'll sell 1395 to 1375
...or reverse upwards buying ~1415.

Have a great trading day, you all!

Crazy idea, bought 1408 ...let's see ...can I get 1430, please?

Many people are selling so i think this looks ripe for a trip above 1.15.

I call it "timid bull trend line" ....because is also a bear trend line about to be broken as well
I hope the bear TL it will be broken because I'm a bully right now

If this hour closes above that TL then yea it's broken and i like the break/close back/break again better than anything else when breaking a TL. But i don't think that bear TL you drew means much, 1430 is the big one. If it holds then we will see lower lows quickly. Till then, i am with the bulls too.

My goal today 1.1460 tp1 and take short there
Profit today 20 + 13 + 44 =77

Swing filled
long @1.1448 tp 1.1600 tp 1.1460
long @1.1395 tp 1.1600
long @1.1388 tp 1.1420
long @1.1375 tp 1.1660
long @1.1350 tp open
short@1.1430 tp open
short@1.1360 tp open
short@1.1405 tp open (edit 17:48 44P
short@1.1403 tp open edit 10:51 tp 1.1390 13P

Intraday pending
short@1.1464 @1.1460 tp open (edited 14:55 @1.1475)
short@1.1464 @1.1460
short@1.1364 open
@1.1350
long@1.1350 tp open
long@1.1300 tp open
long@1.1216 tp open

EU H4