EURUSD

I'm going long right now.

The USD remained firmer overnight after the FOMC minutes. This kept the greenback’s major counterparts subdued in which EUR/USD struggled to stay afloat of the 1.1500 handle.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1450 (1.3BLN), 1.1500 (1.2 BLN), 1.1550 (1.3 BLN) and 1.1595-1.1600 (1.0 BLN).

Exited my long position and now staying in the sidelines to cool down. However I see the single currency developing a potential head and shoulders pattern on a daily time-frame.

BAM, 1526!
1493 short SL -10
1505 long TP +21
Not happy, ...but enough!

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Buy - 1.1492

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2-step hedging in auto trading

https://forexfore.blog/2018/10/18/he...-auto-trading/

Sell 1.1458 SL 1.1470

SL set at breake even.

Edit: 22pips in basket, for me enough

The greenback remained firm in which the USD index eyed the 96.00 level to the upside as it sustained the post-FOMC minutes support, while its major counterpart EUR/USD was stuck near the prior day’s lows at the 1.1400 handle.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1400 (2.1BLN), 1.1420 (0.823 BLN), 1.1500 (1.3 BLN), 1.1525-30 (0.850 BLN) and 1.1540 (1.6 BLN).

Well it seems it is too late to get short so I will continue in the sidelines waiting for a pullback to go short, nonetheless, the currency pair could be aiming for the year-to-date low @ 1.1300.

Moreover, why is for me “too late to get short” because is testing October low @ 1.1431 and might perform a pullback before resuming its downward trend.

I don't usually trade on Fridays but this is too good of a trading opportunity to pass up. Short at 1.1514. SL 40 pips. TP 1.1450

Short closed. Nothing here. On to next week.

I'm not very good at making videos, but I have things to say. A lot.

https://youtu.be/N5iHro98GFg

My analysis for the next week.

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Next Pivot Weekly - 1.1522

Pivot Montly - 1.16 / 1.165

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How the price not crossed above the pivot weekly in 1.1533, i'll use this point as resistance now and the next pivot weekly as support.

- For to Buy, i need that price cross above 1.1533 untill 1.1564, so i'll wait the pullback in 1.1533 for to Buy.

- For to Sell, After the price touch 1.1533, just wait the price cross below of the next pivot weekly in 1.1522 for to Sell.

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This is my vision of EURUSD now.

As soon as daily candle closes above resistance the green boxes will be my target.

Price back to a good resistance of 1.1520 & apparently the leg not finished yet , one more wave up towards 1550/1574/80 most likely/test 1623 handle .but it may correct to minimum 1505/1497 to above limit 1 1494 or limit2 1474. Weekly basis market is still rang at bottom for longer time having tendency little up in eu, other allied pairs not yet ready or sustain up and playing top areas, may tank in near future and hence may bring to further down also. take care . fontu

EURUSD fibonacci analisys

I shared this indicator of volume, in my thread, if someone want to test it too, after if you can sent the feedback for me to know how you are using and if you have good results with it, i'll apreciate.



https://www.forexfactory.com/showthr...7#post11606277

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hello

keeping it simple with a clean chart perception:

- Day Candle high @ 1.15272 ....
If this is broken+close the trend is long;
If Not:
- H1 Candle low @ 1.15017
If this is broken+close the trend down continues.

281 pips in, lets see what incoming week has to offer