The Swamp

Another leg down staring NOW

A lower London close on the week. Nothing to show bulls here. It looks like a continuation to test support next week. daily indication Trend looks like we’ll get a new low

Playin a micro job here. Just for fun
I put a hedge here x 2. One scalp for +7 Hedge closes at + 10

It's Friday!
Off to a bar and have great hollydays folks

this closed bearish from a candlestick perspective.. though still not below 1.13.... open next week below 1.13 and we might see some excitement.

oanda closed 1317, i see some others at 1320.. anyone else have 1317 on brokers other than oanda?

FxPro 1.13172

Got 1.13222
1.13235
1.13234
1.13207
1.13222

my week closes are in agreement with my other bearish eu assessments. Bearish into 12xx lows. I think they will break this time.
Added to other things now, the week and day is aligned with my bearish view. I can't say for sure support will break or when. To me it looks like it will be tested next week. Some chance to go to 1340 once more, but the close Friday at the last minutes made a statement.

I have 1282 as a target in the st. possibly a chance to reshort before, @ 1340. I wouldn't hold my breath on 1340 return. Pa is setup to test those lower 12xx numbers. Do not stand in its way with a eu L day close below 1219. I lost some charts. I dont recall the week numbers equivalent. I recall it was near Friday's close. I will see if I can find it..

possible gap down on Sunday open is my best guess.

IG close :1.13210

the best chance yet is this last one. still unclosed below 1316.. pa ha compressed below 200 day ma for the past month. pa ma has dropped so much. something should happen. it should be big, when it does. maybe some false starts, with large wicks. If there is a gap down below 1316. Its probably not for nothing. I now Some are using tl that fall around 130x/13. I know they are relying on them. They may be just below 136.5.. So keep diligent. We all, bears and bulls could end up with egg on our face. Everything I have points to lower test and possible break of the lows.

One thing to remember. At, and just before highs fall, it looks bullish. At, and just before a rise, all looks bearish.

last time at 1288 the following high is lower. It was stopped by the 200 ema day. The following bounce was stopped at the 150 day ema, it closed the week below the 100 day ema 2 weeks ago. Friday closed below the 50 and all other day ema above 2. I say bearish into support. support being 1185.. but on a larger chart.. 1185 may not be the stop.

So i see Gator and edyraper still going strong here

I say 1185 because of AB retrace (last post). In reality 121x may have been sufficient. For 1.3378 (green dotted lines). In a larger case the 2555 (2597). could yield .8xx cd (red dotted lines).
in this 11xx/13xx area its a reflection point, a crossroads. To continue lower live the day ema and closes suggest. Or bounce, pick you poison. We all may be wrong. And it may take many months to solve the riddle. Still short leaning personally until 200 day ema turns it..

Cone wise, you might want to be long the lower 13xx levels.. Flip your coin.. One can see Fridays close is above. Sunday's open may be below. Range or scalping may not be a bad idea.

I added the yellow line.. it's also 130x ish,, pa ia above it too at close.

weirdly it feels like this 1.13 level hasn't achieved what it set out to - 1.16? 1.17? instead we got mulitple drops to the 1.13 area. its not a magnet - rather the opposite i'd say...

next week it might play the entire week sub 1.13 and still close on friday above... the true focus is breaking the 1.1215 low. the chart tells a story - price cut through pretty rapidly from below on a bull run and didn't look back... maybe it needs to do the same to break below and stay below.

either way, i am not rulling out a small dip then another bull run - this so far is playing out xmas moves all over again. so we might indeed get a push above 1.16... i am still bearish on the bigger picture - i still believe we need a low below 1.1215

Meow all my friends are here

ahh chicky!

RIP Chicky

RIP Chicky

someday we all will be there.

Using time stop, I started to accumulate longs.. I have pending at 1300 as well.. if 1300 holds, it may go up to test H1 downtrend stop 1348 atm..once H1 stop breaks, then challenge 1416 H4 downtrend stop...if 1300 fails to hold, we may see 1270s then 1220s next..