EURUSD only

I think if Boris's party could win the parlement in December, EU could be bullish also to 1.12000 - 1.13000, but it's just my assumption.

I see now in reality this move was predictable-i saw my indicator H4 show up eur and gold together- from 28.11. -it was h4, but eur was H1 strongly down and it was in the middle not bottom,so i didnt care,problem -we didnt see reverse H1 -it was so fast
H1 now touched bottom and top channel during 2-3 houres-very rare case.

I can tell you one thing my indicator show daily- up from bottom- 14.11- it goes up from bottom but now it turns down a little-rare thing- usually this indicator has direct move-if it returns up again-it can be very sudden move up daily.But how long move daily it can be i cant predict.but better dont look daily h4 is OK.It seems to me better to look divergence h4 or daily find move up

I think it will turn bullish either way, but december is a slow month, so we will probably stay in the current range...and then in january-february a new bullish trend can start. Nobody really knows, we have to trade what the chart gives us on the way, up or down.

As expected EURUSD fell right into that Fib confluence to give us a very good R:R entry. It has failed to create a new lower close. It is a double bottom.

https://www.tradingview.com/chart/EU...revious-Trend/
https://www.tradingview.com/x/nAuTgWhb
https://www.tradingview.com/chart/EU...or-Huge-Rally/

End of Month Outlook

1. Candles are still dropping in a weak stream inside the upper half of the big bearish channel!
2. Inside the period of April, May, when 1.1200 was still supportive, candles first have been clearly rejected but then a strong July candle achieved a lower close below 1.1200 (fib 61.8) killing all hopes of bulls.
3. Inside recent months, some sort of contrary priceaction has played out: First we have seen a weak September close below 1.0983 raising hopes of bears for October but then came the strong, bullish closing that killed hopes of bears and gave bulls a fresh bias for bullish continuation.
4. And as of today mostly bulls, sitting and looking at current situation and wondering why price is still wasting time at these lower levels. Shouldn't we already be above 1.1200? Well 1.1200 is actually the problem --> After a break below bulls didn't achieve a close back above (yet). This lack of continuation causes confusion and as you can see bulls and bears might have trapped each other between 1.0983 and 1.1200.
5. Since "bears" are currently testing we must wait and see if 1.0983 holds or not. If bears give up we then can wait for bulls to retest 1.1200 and hope for a breakout. Without a major breakout we all can prepare for a tennis match inside this range.
6. Long story short: Intraday wise we have to carefully watch the 1.0980/90 support zone!

Stay Green

H1 Status Update

For my followers:

1. First notice the "Triple Divergence" which is the worst that can happen to those who only trade based on divergence. With help of GREEN line we could manage potential losses much better. Let me quickly go through last week:
2. After 1st divergence candles climb above GREEN. We enter long with dashed-touch at price 1. That is a clear example of how to "buy low"! Then price rises up and candles are back above GREEN. We keep moving our dashed line but at some point there comes no continuation and price drops back below most current dashed line at point 2. We maybe wait a little to give market a chance to recover but no such thing here and we are out with some little gain inside a boring day.
3. Later we see a 2nd divergence and we again enter long once candles are above GREEN and come back to touch dashed line at point 3. But our entry candle turns out to become a bear candle and closes below dashed line right after we entered. We wait a little to give it a chance to recover and it does in a very very slow way which is literally a patience killer but we have not lost money yet. Finally candles climb above GREEN but getting squeezed by BLUE moving average (wma136) that I recently included to my method. I anticipate this will go nowhere and close trade at breakeven or with a tiny loss.
4. At point 4 you all will remember what happened. I tried a sell entry (and I admit, I haven't paid attention that H1 actually gave us a 3rd divergence) and entered short around point 5 where 4 could be the area where I should have begin to watch if MACD will show divergence or not. That's the point where the lack came from.
5. Finally market rushes up inside final hours of a lazy Friday. Robber banks take out all short orders as usual. Despite all this trickery someone who had noticed the 3rd divergence could still anticipate. I jumped in long as soon as I realized that my sell order is in danger. I took the loss manually and have decided to keep my long order for the weekend as some of you may have noticed.
6. Now.... from here we are simply waiting for a new dashed touch to RED-TL.. It may happen or not but the point is that we must stay long as long as candles are above GREEN.
7. Last but not least: 1.09965 is currently "MOFU-Low Buy Level" in case of any bearish vacuum attacks! Bulls will probably try to reach 1.1063 at least!

I hope it helps.. Enjoy your weekends folks.. Hopefully we continue on Monday! Peace

Stay Green

There's more room for EU to goin down again after that Friday London fixing spike.

H4 eur and gold are still stay up near top -but it can be top many time,they dont turn down yet.but we had gap maybe we go down a little.They go up H4 not friday-gold from 29.11,eur from-28.11,but it was sideways,so i didnt look h4, and so we have a gap up.
I dont know this div daily works or not

H4 if chart is not change divergence -can be down a little

That friday spike could be the beginning of something serious. A Bull December.

True. It is a double bottom and quietly on higher time frame it has been making up bullish patterns.

https://www.tradingview.com/x/NGRb6hIg/

It is better to go step by step because based on H4 bulls still have to achieve a candle close above 1.1092.. Until that happens your point can be marked as a "possibility". In other words, if inner wave e of wave 2 on daily chart is complete bulls can start a strong wave 3 (or C) soon.. Time will tell..

Stay Green

I completely agree with this. I have same opinion too

You posted as I had posted

https://www.forexfactory.com/showthr...7#post12640597

Yes, everything is a possibility and you must go step by step, but you need always a goal to look for and then you got your goal definited you plan small goals to reach the big one. In the case until the market denied.

Eurusd analysis for Monday, last week we had a bearish week, which also hints on another bearish week. We are in a bull territory so anything can happen... Hope this image clarifies my bearish bias

On a monthly basis, look at the last time we had a strong bullish month, we had 3 bearish months after that, price tend to repeat itself.

Always that calls fractal.

EURUSD
1D TF CS inside bearish cloud with free KS&TS possible correction, 4H bearish setup price at pivtal point 1019, cloud's upper limits corespond to the correction at 1D TF! 1H is showing intition of bullish wave (correction), with triple resis levels coresponding with D1 & 4H TFs. 1.097 repesents important level, the bearish cloud SSA .. usually it reject the price a little bit, but rearly reverse the direction or build the required momentum.
*With the current high and low levels for EURUSD, KS will shift downwards in 3/4 days, 1.108 > 1.106 > 1.1039*
2 Short orders @1.1043 & 1.1065 levels, TP 1.093/1.0880, SL 1.1181.
Risking 0.7% & 1.3%.

eur will visit 1.0960-70 before go up