EURUSD only

according to my calculations, we will not be higher than yesterday's maximum. Therefore, I would recommend selling, but in any case, the right decision is to always think with your own head.

You could be right I might sell some before then I had a sell but closed before market closed because I thought I’d be able to het higher price

Trend Change?

Hi Guys,

Something for the hard core Eu shorter's. I know trend lines can become subjective but if I look at DX (dollar index) a pattern starts to unfold. Dx has just pierced a long term ascending (rising) trend line, for the first time since March 2018, a year and 3 months. More so, is that we had a weekly close below my yearly med res 1 at 96.605 and the long term rising trend line.

Could we be in for a cyclic spell of Dollar weakness?. Only time will tell.

As for me, I am cautious to sell Eu at this point in time. If you are a scalper and I know most of you are. Sure, a good prospect.

Take care.
Daily chart:

Zooming in on the daily chart:

All the Best,
Cheers

I don't think we will see any meaningful dip to buy next week. It should grind higher during low activity sessions and a lot of buying pressure during london/US session.

Best way to trade this is to buy starting the week, i'm pretty sure we will end next week with a green candle.

just speculations..

... https://www.forexfactory.com/showthr...2#post12317382
red line MAX: II option - first UP (imo bad option)

Expecting 1.1294 first...

From my perspective, there has not been a trend change on the weekly chart. Price remains below the Balance Point Line (BPL), below the Trend Bias Line (TBL), and below the Bull/Bear Mason-Dixon Line (MDL). Additionally, Chart Modes I & II are Red. Accordingly, the trend has not changed, the trend remains Down Trend.



To be sure, there are signs that the trend is starting to weaken. Even before last week, we saw a DOWN bar on volume less than the previous two. This was No Supply. In general, in a Down Trend, we want to see increasing volume (although not excessive) on DOWN bars and decreasing volume on UP bars. In the last two weeks, we have seen the opposite. This may harken a weakening of the trend, but does not yet constitute a full-blown trend change.

In sum, while I wouldn't be initiating a short position nor adding to an existing one, based on my definition of a trend, there has not been a trend change. As always, if you trade the 5 min., the 15 min., or the 1-hour chart there will certainly be opportunities to go Long in a larger (weekly) Down Trend. Especially, in one that appears to be weakening (but has not yet changed).

Do you really think it will touch 1,1170-1,1140 or they are just arrows?

imo price will be down to the zone 1.1140 - 1.1115 (grey zone = TP level || arrows = direction: https://www.forexfactory.com/attachm...0&d=1560010894).

Think we are going up, unless this is a false breakout.

1. First try to break the trendline but failed to close above it
2. The weekly candle closed above the trendline after the NFP

My bias for now is buy

I think you may be right. Up to 1.1340-1.1370 then down

Possible drop to trendline level - 1.2750

This is so interesting opinion. It is about 200 pips down.
I think it will touch 1,1440 before 1,1140, but who knows, we'll see! Wish you luck!
What will you think if the price penetrate your upper red line of the channel?

Correction : Expecting 1.1309 first

Bull

Open is gap down to 18

The large picture

Attached Image (click to enlarge)