EURUSD

closed all filled long positions @1.1458

Open a short here...

And the bulls closed the day...

developing 5 min signals

Profit/Loss today = -23 P
Swing filled
[email protected] tp1.1480 (edit 19:55)
[email protected] tp open 1.1216 (edit 18:40)
short@1.1407 tp1.1390 SL 1.1530-23P
short@1.1386 tp open 1.1352 (edit 18:40)
short@1.1360 tp 1.1300
[email protected] tp 1.1328
[email protected] tp 1.1326

pending
short@1.1630 tp 1.1216 (edit 19:45)
short@1.1640 tp open (edit 19:51)
long @1.1470 tp open 1.1500 (edit 18:40)
long @1.1455 tp1.1482 (edit 18:40)
long @1.1420 tp1.1460 (edit 18:40)
long @1.1430 tp open (edit 18:40)
long @1.1395 tp1.1880 (edit 18:40)
long @1.1352 tp1.1920 (edit 18:40)
long @1.1300 tp1.1785 (edit 18:40)
long @1.1216 tp open tp1.2030 (edit 18:40)

And the price did retest the 1.152x levels... ☺.... Lest see what the market would do next.... Suspecting the 50 and 61.8 fibo levels are close resistance ... waiting for the market to say some more.

I believe we are in the resistance area now. and soon a fall will start for a new low. am short now. and targeting a new low possibly between 1.09 to 1.2 depend how the market react

You have a stop in mind? I think i am going to wait till FOMC Wednesday to see if price wants to hit my 1.1586 which i've been waiting for a while.

Game set & match.
Now we wait to see if the retrace is over.

Double top on 1.54 and then drop?! That’s what I think will happen

hard to decide for a stop loss honestly. I will only decide based on daily candle. I would say closing below 1.153x will be good for bears

my 2 cents;

Price hit resistance, let's see if price can stay within and show exhaustion. On the hourly chart price is stalling for 3 hours now.. I will take the trade if 1.15070 is broken to the downside.

Can you repeat that game please? Slowly, so we can follow

This entire rally off 1.13 is based off an event that is yet to happen (us visiting china for trade talks), that the president also said he doesn't expect a resolution... and the president criticizing the FED which hes already done a month ago. from 1.13 to 1.154

Be careful with your shorts from here. They may get soiled. The Monthly could be trying to tell us something.

Yeap. It looks like it.
Thanks for that atypically retracement levels, 34, 68, 80!
In your opinion I guess they're working better than the "defaults", aren't them?

The US dollar has come under significant pressure after US President Donald Trump spoke out against the Fed’s monetary policy. The notable market reaction is likely to be due to the fact that recently Trump seemed to have actually understood that his policy measures so far, in particular the tax reform at the start of the year, would lead to capital inflow and thus a stronger dollar, so that the appreciation had to be seen positively. Moreover he had sounded a little more cautious about the exchange rate and his criticism had been a little more subtle. In a recent interview he complained more about the monetary policy of other central banks, in particular the PBoC and ECB who were supporting their governments in the trade war against the US with the help of expansionary monetary policies in his view. Against this background he would like to see more support from the US central bank too. However, at a private charity event Trump now allegedly criticised Fed chair Jay Powell relative openly for not pursuing a policy of cheap money, contrary to his expectations.

One could brush aside Trump’s comments as an attempt to already find a scapegoat in case his trade policy ends in complete disaster. And as long as he “only” verbally attacks the Fed rather than actively trying to influence its monetary policy this should not have any far-reaching effects on the USD exchange rates. That is what it looks like so far. At least his important nominations for the Fed Board, all of whom are respected economists, point in that direction. However, I nonetheless urge caution. That day may come. After all Trump is not just anyone, but the President of the United States, which means that he can influence the view of his voters considerably. And once the view that a weak dollar would be good for the US has taken hold amongst them it can no longer be excluded that he will put his words into action after all. And Turkey is a good example of how that could end.

A careful short looks likely for up to 90 pip profit from here.

1586 reacted somewhat but i don't like the momentum...it might go higher, a lot higher. If Daily closes above 1537 shorts look really bad, maybe fomc might change that tomorrow but i doubt it.

https://www.forexfactory.com/showthr...4#post11392174