EURUSD only

Below 1,1315 at least. Maybe till 1,1300-1,1290. Will see!

My perspective

I'm a little more ambitious and would like to see a retest of 1.122x. Whether that happens or not though... But most definitely not today haha

Not that much. I am thinking about a little retrace then going strong up.
Will see!
Good luck!

M5

M-SetUp
Sell 1.13497, SL 10, TP open

s. Chart

atb/vvm

I am selling
I am selling
Home again
'Cross the sea
I am selling
Stormy waters
To be near you
To be free

Unlucky BE got hit.Not a good start

Risk sentiment has a significant effect on the USD - and therefore by proxy the EU pairing - along with most of the other pairs save for JPY and CHF which often get bought up more so than USD when risk off hits the markets....

So when investors feel like they can take a risk - they often convert their cash in USD or JPY etc to buy other more risky but potentially higher yielding assets rather than leave their wealth in cash with a low return. They might buy risk currencies like AUD CAD or exotics like TRY ZAR etc - as they have a very attractive interest rate differential - TRY is near 25%pa for example. They might also be inclined to buy stocks instead of leaving their money in cash. Hence look for correlations in the stock indexes to risk currencies - its all there to see.

When risk off happens, its the opposite. People dump their risky but high yeilding assets and bring their money home in cash where its safe... Japanese, americans, europeans and investors the world over do this but its notable in Japan and JPY because they have negative interest rates so they do not want to leave their cash in the bank - they would rather invest it where they can get a return somewhere somehow whether it be at home in japanese stocks (nikkei) or abroad. When risk aversion strikes - they dump the assets and bring their yen home for fear of depreciation on their asset- which in turn spikes the yen. Investors outside of japan and across the planet now know this behavior and so they all jump on the band wagon buying yen and now risk off sentiments are a self fulfilling phenomenon where we see huge pumps and dumps on yen pairs - often on the slightest of tweets or news or gov rhetoric which would suggest a possible market souring sentiment trigger.

USD CHF and JPY are all affected by it - so you really should get to know it if you want to trade USD pairs like this one - or even more so on JPY and CHF pairs.

A single reason for taking a position isnt a very well thought out one... If you have multiple confirmations as to why you believe something will happen - usually the probability gets better and so its worth considering and studying as much about the current situation in the market your about to trade in if you want to maximize your success...

I also think the range will remain in the short term EU session now that weve seen the open- im short from 1360 targeting 1340. No stop loss - i will hold this to 1.15 and beyond collecting positve swaps if it goes that way - and sell a bunch more up there if it breaks above 1450

good morning all
Price fighting to stay above the weekly level 1.13410
looks like its holding
pending buy stop @ 1.13500
SL 10 pips

edit: scrap the pender...
BUY 1.1345
SL 9 pips

Berrish momentum, if break support zone , can get even to 1.12740 .
I am short until dx will close the gap at least.

Looking for buy opportunities.. 1.1333 is key area.. (SL must stay somewhere below 1.1320)

Stay Green

M5

closed my Sell +6.

It was good for Scalping +6 only.

I am waiting for the next PA now

atb/vvm

hey Kay if you're here: fxcyborg setup on M30 just now for a buy

Might be useful to see the larger picture. For EURUSD jump directly to minute 3:30..



Stay Green

If it is the TP have already toched.

thanks Knkie...legit setup.
I took a sell using the same set up on 30min at 1.1351 and i have few buys from last week. Won't be adding any more until one direction wins.
Slow hunting day, have my alerts set up...going back to catching ZZZs

if this h4 closes above 1.1350 we might actually see 1.1370 and beyond today

30m

same, im thinking 1.13 as TP then long from there.. or should i change my TP hmm