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Hello everyone, hope you are all well.

I don’t post often but just wanted some opinions on my analysis.

After looking at price moment over the last two days it dawned on me that although there has been a sideways movement recently it’s very possible this pair on still in a downward sloping channel. I looked at the price moment in the past and noticed that price can move sideways for quite a while in a up/down trend.

The area circled is an area where I would like to sell to the mid-point of the large down sloping channel I can have shown in the snap shot.

What do you guys think of my analysis?
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Freedom is an asset.
Quoting AlexanderE
Hello everyone, hope you are all well. I don’t post often but just wanted some opinions on my analysis. After looking at price moment over the last two days it dawned on me that although there has been a sideways movement recently it’s very possible this pair on still in a downward sloping channel. I looked at the price moment in the past and noticed that price can move sideways for quite a while in a up/down trend. The area circled is an area where I would like to sell to the mid-point of the large down sloping channel I can have shown in the snap...
There is another important >bottom side> SLANTING TRENDLNE that you missed in your analysis.

Also,The euro looks sedated,euro pairs (up and down kangaroo movement_sideways).
Unless the central bank comes out and sets the tone/trend i really don't see any big swings for the euro.
We shall look forward to those sneaky Geo-politics to push us or swing us...but at the moment the us dollar Technical analysis provides better looking setups and swings than the EURO.
the only good EURO pair that looks set to move better is only EUROGBP.

Insert: weekend analysis is just a time waster...the markets still need to open sunday night for any tangible predictions to be made.Right now we are just speculating...further detailed analysis shall be done right after open sunday night.
Adios.
My view for next week please let me know your view and comments
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I keep saying this,EURO/USD not showing any sign of major movement towards the south but all I see is a major movement towards the North.We shall see.Usindex heading to 94.930 level.imo
Make it Green
Category B Signals
Category A Signals
This is based on 4hrs. The details mentioned inside the chart.
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Quoting louisfx
I keep saying this,EURO/USD not showing any sign of major movement towards the south but all I see is a major movement towards the North.We shall see.Usindex heading to 94.930 level.imo
You've been saying this approximately 2 months. The weekly charts would show longer term view. But coming back and show it later months is useless.
Here almost all of the people are intraday traders. A 4hr chart show us the what might happen within one week or for 2 days or so. This would help us to understand your view and you could confirm or validate the scenarios you've been seeing as well. Just a proper chart will suffice.
Quoting Traderview
{quote} You've been saying this approximately 2 months. The weekly charts would show longer term view. But coming back and show it later months is useless. Here almost all of the people are intraday traders. A 4hr chart show us the what might happen within one week or for 2 days or so. This would help us to understand your view and you could confirm or validate the scenarios you've been seeing as well. Just a proper chart will suffice.
If you are intraday trader you don't need to follow my post just ignore.Thanks.
Make it Green
Daily S/R Levels for Monday

  1. I know many here are tired of 1.1245 acting as a magnet and also that Gartley pattern is not creating enough bear pressure..
  2. For this week and for Monday opening the RED TL is upmost importance:
  3. If Monday candle opens above 1.1235 it will give bulls the upper hand! Nearest bull target would be 1.1322..
  4. If Monday candle opens below 1.1235 bulls could still have a chance the next days as long as they keep price close to RED TL..
  5. However, if bears can keep candles below RED TL and then quickly achieve a major drop towards 1.1161 I would assume they also will go for a retest towards GREEN line area 1.1088 and therefore I would keep my bearish bias longer than planned..
  6. Overall it is not clear yet if there will be a wave 5 to the upside.. Time will tell..

Stay Green

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Be a seer, not a looker!
Please consider taking a look at my Weekly Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
EUR/USD starts at 04:48.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

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Gold/USD Gold/EUR
Quoting EXpRINCE
{quote} There is another important >bottom side> SLANTING TRENDLNE that you missed in your analysis. Also,The euro looks sedated,euro pairs (up and down kangaroo movement_sideways). Unless the central bank comes out and sets the tone/trend i really don't see any big swings for the euro. We shall look forward to those sneaky Geo-politics to push us or swing us...but at the moment the us dollar Technical analysis provides better looking setups and swings than the EURO. the only good EURO pair that looks set to move better is only EUROGBP. Insert:...

Much appreciated, is this the slanting trendline you referred to?
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Freedom is an asset.
Sold at 1.12644
TP 10 Pips
SL 10 Pips
Quoting sartu
Sold at 1.12644 TP 10 Pips SL 10 Pips
Stopped out sidline now.....hope London will give some opportunity
Beautiful... next stop 1.13026
That should mark today's high to oscillate between 1.12400
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Quoting bpola
Buy EU now @ 1.1242; sl- 25 pips; tp- 200pips. I see bullish breakout from triangle formation next week. Stay green.
Adding to my long from last week. Target 1.1524
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Quoting bpola
{quote} Adding to my long from last week. Target 1.1524 {image}
**Target 1.1424.

This is a swing trade and so we hold for a few days.

Lets see how it goes.

Happy trading to you all.
Quoting Traderview
{quote} You've been saying this approximately 2 months. The weekly charts would show longer term view. But coming back and show it later months is useless. Here almost all of the people are intraday traders. A 4hr chart show us the what might happen within one week or for 2 days or so. This would help us to understand your view and you could confirm or validate the scenarios you've been seeing as well. Just a proper chart will suffice.
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Make it Green
Here we go traders. to good health and sharp minds!
Opinion is still bearish i will explain why below.

200 weekly EMA 1.138- 50 monthly EMA 1.141 so bulls have a strong point to rally or even reset the channel for the coming week/month to equalize this down pressure!

you can see clear channels in h4 chart with breakouts to either be spikes or have the option to tighten even more for a week. looking to inspect bear pressure strength before final judgement will they ease up?

even with a strong rally looking clear it still is looking like a bullish setup for the U.S. while Euro zone is going to manage critical state as they all think about winter (being that i'm american i know we are sacrificing workers to do this so fall might show some excitement to say the least). that being said the current strength is why even with bulls i am still overall bearish.

any break into 1.1525 and ill start pulling back on bear sentiments. Until then rally scalps and bearish traps continue.

Trade YOUR plan any feedback from my Bull brothers and sisters on points of bearish tension while you look to rally let me know in thread or privately!
Happy pip hunting into this week!
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Quoting louisfx
{quote} If you are intraday trader you don't need to follow my post just ignore.Thanks.
Ok Bro. Besides, what's the point of following or discussing to someone who is not defending their own claim. Right.

Peace out.
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