EURUSD only

If H1 candles can climb back above 1.1821 I can consider buying.. Otherwise I will wait for good opportunities to keep selling..

Stay Green

I am only interested in these two levels for today
1.17800---> for buying
1.18305---> for selling

I am still watching H4.. I don't want to see any candle close above 1.1818 for sure.. Again: that would mean trouble for bears!

Stay Green

Last Friday we tried to sell 1.1814 and look how bulls are still resisting to apart away from that.. The bull threat for bears is still not over..

*Oh and not to forget that today is bank holiday in USA.. But we are still making monnnney

Stay Green

Morning

A Biden victory is kinda priced in current price , EU bulls could correct much lower before making another real attempt to break above 1.20.

Range for this week I see 1.1750-1.1900.

EU could rise post US election depending on a Biden Victory, bigger stimulus, new relationship approach towards China & rest of the word by the new administration. A more positive approach could trigger more Dollar sell-off as FED is on hold until mid 2023, all well and we might just see 1.25 again ...very optimistic right ? but that's my view for EU by year END

NB: I deadly COVID second wave could change anything (count the winter).


Happy Trading

We almost arrived at 1.1803... Crucial moments!!!!! Very very careful here if you are short!

Stay Green

On a Daily I see a retracement to 1.1780 before continuation to the upside.
If market closes above 1.1830 on the Daily then I see a continuation to the 1.1916 and above.
If we go below last Friday then I see 1.1680 next.

I think if it goes to mid BB, it might goes lower.

Aaaaand... wait for it... bulls are sharpening their butter knives

*1.1799.. last call for bulls.. helloooo?

Stay Green

Out of my shorts at 1.1805, waiting side line.

US & Canada Holiday, thin trade volume could trigger unexpected moves .. watch-out

Happy Trading

yap, i posted my chart with the rectangle of the buy zone.

there is it.

May be too early. but... small long 1.1800, SL & TP open ( Manual)
Pending Buy order 1.1782 SL & TP same

Happy Trading

Hello Ata,
I've just discovered your thread. I'm intrigued by your very specific identification of critical levels e.g. 1.1803. I can see that there were 3 H4 highs on October 6 between 1.1800 and 1.1808 and now we are back in the Daily range where price was in August and September. Why 1.1803 may I ask?

If i see any 1hr closes above 1.1802 i'll close this order.

But once price closed below 1.1792, then no 4hrs closes above it, then the bears will take over the control.

Two possible reversal points for me.
1.1785
or
1.1762

Both are good prices for BUY, or at least to close our sells.
Around 1.1767 we have a nice is a support in 4H charts.
If 1.1762 is broken, we will see a strong bearish movement.

scalp buy probability
10-15 pips

H1 Status Update

Very difficult situation to decide..

1. If bulls can make it bounce latest at 1.1792 there is still a chance for H1 candles to close back above my Dashed-RED TL..
2. Especially if bulls can keep it up above 1.1800 they might save the day.. Time will tell..
3. Still: careful with shorts!

Stay Green

Meanwhile.. EU Bears :

https://twitter.com/NorthmanTrader/s...20611275669505

Happy Trading

Range trading heaven !!! you a bear, you a bull, me a bearbull !

US election a Win - Win scenario for EU bull ?? guess so

Trumpy win = boot Powell + install a puppet as FED chair = negative us rate = Dollar sell offf

Sleepy Zoe win = positive approach to the world , more initial spending = Dollar sell offf

Happy Trading