EURUSD

Just home from work,hit my pending sell at 1.1150,verry nice.





Next week back down,holding over the weekend.

Great weekend.

Not a bad strategy going forward

My favoured setup today is on EUR/USD

On the higher timeframes, we have been moving down correctively in a clear structure for over 9 months now. I am looking at 2 potential setups:

(1) Either a final move lower to retest the lows of 1.1026 and then a strong reversal to the upside
(2) A break and continuation above the shorter term trend at between 1.1170 and 1.2000


DISCLAIMER: This post does not constitute a trade signal or trading advice. You must analyse the charts and only wait for an entry signal that confirms the trade setup – you must then accept that the possibility exists that you could you lose on this trade and therefore you should not invest money that you cannot afford to lose.

Trading FX on margin carries a high level of risk and may not be suitable for all investors. You should be aware of the risks and seek independent financial advice if you have any doubts.

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Here's my review of daily EURUSD. Very well defined downtrend with a sequence of LH/LH/LH.
I doubt that there is any upside beyond 1200/1225.

Only cause for minor concern is Trump's intervention, however they only got limited firepower and also
we are talking about moving EURUSD, this is multiple T per day market, you can't just move it by dumping some paper
worth 50-100 bln USD. It might move 50 points, but it ain't going to produce a move say from 1000 to 2000, not going to happen.

Right now recommended strategy is buying dips near 1100 target is 1200/1225, but this will take time to hit TP.

Position traders (bears) should look into short selling rips close to 1200 with initial target at 1000, but after
multiple tests very likely that 1000 will give way (going into October, Brexit etc etc).

Focal Candle Light

added optimistic outlook to the above.
Can't rule that out, since we got a decent DB on D1.

Agreed man I am glad we agree on the direction - (down)trend till end of OCT (although we might vary at PEAKs..)... Here is my more detailed outlook for the next week (what do you think?), again, based on the same (locked) chart that I posted on 25JUL19... (see previous posts for more)... I would not risk buying above 1.1157 I will be on the short side for the next week (confirming/(re)testing week) and till the rest of OCTOBER... Much prefer CLEAN lines than animal figures like #blahaj

Next week shall be very interesting and/or defining (trend wise) for the next 2months at least...
Look at this clip.. Since Trump didn't get satisfaction after the FED/Powell's speech on Friday... He seem to (also) turn to China
I wonder what will happen out of this... This words are rather "scary" When I first saw them written, I thought it is a joke or misinterpretation.. then search for clip(s)... Check from multiple sources, just in case and/or because of the "fake news" and/or "deepfake" era But with so many sources...
https://www.youtube.com/results?sear...the+chosen+one
Well yeah, joke (sarcasm) or not... still Looking "UP" didn't help with it being viewed as a joke

I hope the markets will resume to "the line" regardless what radical thing he does or tweets
So again, will (re)test it the next week, to see if it goes according to plan... I just hope we won't get another stall or anything like the last week+
If things go as planned, will start to really increase LIVE positions, after the next('s) week ((re)test)), so since first working day of September to the last of oct...

Will reply here again in SEP/OCT, if all goes well... If anyone reading my posts anyway...

I highly recommend people read (IF you are here for PROFITs! that is;D) this thread I just opened (STRONG MOTIVATION). Might be mind-opening and/or making you money in the longterm since it discusses one of the vital components/parameters to be PROFITABLE!

sell limit order at 1.1280

stop above 1.135

target open but maybe 1.10

Nice bounce on 1.1050-70 from "the chosen one" at G7.
1.1150 held so far. I'll hunt some new range for the week. Although G7 tantrums hazard!

expect markets to maintain a more defensive approach in European trading today.

London holiday. Maybe nothing happening till US session.

I don't trust this up move. Looking for shorts.

The mighty usdx situation now . coincides with eu, gu ranges Monday-Tuesday .
looking correction up 97.97 try before 96,96 test , Monday ranges

long 1.1121 for london session sl 40 pips tp open (closed all 8 shorts at 1.1122)

added long 1.11125

short at 1.11176

me too tp. arround 1.1083 today