EURUSD only

I think next week we may see 1.1200 and above 1.1200 it might better to short.

Today was indeed a beautiful day. I felt a bit unhappy that I missed the sell because I was in another pair, but closed that pair with some profit. Bought 1.0928. This is my best trade in a while. With ADR overspent (130pips at 1.0927) and coinciding with 1.0930 support, I just had to buy and buy big! Oh me, what a bullet train ride to the top! Closed all at 1.1067. I made up for my slow week and just feel like being happy here. I now hold a few sells at 1.1067. These mad candles will slowly be corrected to equilibrium.

Also I don't see much upside today because, again, ADR is over spent. I will keep selling at pivotal places, but till the Fed, be sure to buy dips at pivotal areas. If Powell stays true to his words, then this will head back down. For now, keep buying dips!

I only see 15 pips to the downside for now.. then back up.. so I keep watching to buy some dips.. Good luck

Stay Green

Copy that. I'll watch my back.

... https://www.forexfactory.com/showthr...1#post12499011

TP = 140p

Of-course, to early to say whether this is enough to take us out of the increasingly narrow (and downwards sloping) channel we have been in for the last year But it possibly is. We shall see. Still think we need some more convincing USD change of sentiment to really shift this. But maybe things are happening now.

I have traded the dear EURO and some of its siblings since 2004, and lets keep in mind that the ranges we have had since September 2018 are much smaller than average, and also that being in this narrow channel, for now about 12 months, is a statistical low probability in itself. The last year has been unusual.

There can easily be 1000-2000 shift pips in trading zone before a new range is established, and the next ranging zone, wherever it will be, is unlikely to last for 12 months.

So, I guess, don't get too attached to this habitual range trading, it may break tomorrow, or three months from now, but it will surely break, and let´s not be surprised if the break is big.

Your number hit. Did you short it? I did and got out at 1.1070.

What a day. Great day. Earned on both up and down. As long as the day settles above 1.1030, the bulls are fine but don't keep it though because there is still a chance market go back to 1.1005.

For bulls the week should close 1.0998.

Today's case, patience is the virtue.

See you guys tomorrow.

Wow today was as crazy as hell, this is how trading should be! I was late to the party but I still got some pips from the pull backs. shorted at 1.10716, sl @ 82 pips{ ongoing}

...

I turned on my system and saw the move I was like what? I couldn't believe my eyes what a miss it was for me. Anyways no need crying over missed trade tomorrow is another day!

Are you gonna hold it till marked TP?

If it starts going down - yes.

Good luck!
I am shorting for a few pips till tomorrow.

EURUSD moves 80 pips during the news

Daily S/R Levels for Friday

1. The question for last day of this week is: Will the 1.1105 level resist or break?
2. Having no daily close above 1.1074 will probably keep bears in tact!
3. 1.1038 area is nearest support but 1.1003 level is also still in play and can be retested!
4. Overall we are still inside a descending channel and without a clear break the situation is still bearish BUT... again today we must watch if 1.1105 breaks or not!

I hope it helps..

Stay Green

ALERT

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Daily Shark Pattern (Update)

Meanwhile the potential shark pattern is also still valid..

Calling it a day.. I will hopefully continue after London opening.. Peace

Stay Green

Near-term: Sell the rips

─ Conservative entry @ 1.10880
─ Aggressive entry @ 1.10570
─ TP1 @ 1.09880
─ TP2 @ 1.09650
─ SL is based on... own prerogative/position sizing

Looking bearish on D1 chart on an MTF Weekly HA bars with Price Action Channel (dark khaki color lines) and average price (blue line)

Went long from about 1.10 will add more later if price shows its direction.