EURUSD only

Good morning @ all,
sitting on long position and waiting to add one more. Around 1,2257 would be nice... Best before London open would be perfect


Regards
Chriss

[quote = andvk74; 13342784] {quote} El precio tiene que llegar a la zona de COMPRA antes de que cierre la SIGUIENTE vela H1 + 15 min. max [/ quote]
Time and patience factor, thanks for your contributions my dear. The maximum andyvk74

Keeping my LONG order.
If H1 will close above 1.22827 - for me it will confirm a BULLISH BIAS.
Waiting for H1 to close.

MUST close outside the gray area in order to confirm continuation.

Keeps bouncing off ... fingers crossed for a big push over in the last 10 mins of the hour

Now based on the system that I use, we should see a consolidation or retracement for the next hour and a half to 2 hours before we continue to go UP to the target area.

Just entered long based on H1 in agreement with daily.

gently caressing seller stops

I don't know if this fundamental will have any effect or stop the daily target (1.23375)

The Analytical Overview of the Main Currency Pairs on 2021.01.05

On Monday, the dollar index stopped falling after negative news from the European side and OPEC+. In Britain, Prime Minister Boris Johnson announced an emergency lockdown of the country. After warnings that the National Health Service may not be able to cope with the growing infection rate, the head of government issued a decree on the need for self-isolation. According to him, when almost 14 million people are vaccinated, the restrictions can be lifted. Such an amount of vaccinations can be expected only by mid-March, which means that the country will be paralyzed for almost 1.5 months. Against this background, the sterling lost more than 100 points in a day. Another negative news for the market is the lack of agreements in OPEC+. The participating countries broke off negotiations due to disagreements on production quotas. Oil immediately lost about 2% in price, which allowed USD/CAD to avoid further decline.

Important Levels To Watch

1.2283
1.2288

1.2297



Patience when you are on the Buy Side Till the Levels are Breached

And Again Patience when you Sell From The Top



Thanks & Regards

hello dear.hope you are doing good.
do you think the market will play it on the same level like yesterday reaching 1.2309 then down again?

Bouncing between 0.5 and 0.618 fibs of yesterdays move, tried to scalp short a few pips

No, IMO this time it's going for the stops above it.

Just an observation, yesterday it shot up quickly like it was a foregone conclusion. Today it's treading up slower, heavier, more selling at every step.

Just seems to me like the bulls were far more in control yesterday. I am not making any predictions in relation to this yet, and I am still long, but I'm contemplating whether it really will go higher than - or even to 1.23.

Edit: And now it's actually a bit of a drop. Who knows, but it just more one directional yesterday - especially once above 1.227.

Here we go, my next long entry at 1,2269...

my long from last night still running. long at 12248 s/l now at 12258 (sliding up) TP open, but it seems there is major resistance over 12285

Daily S/R Levels for Today

1. So far all the attempts to complete the wave 3 might have succeeded and MAYBE bulls are done after all BUT the bold red channel line still has to break for bears to gain power.. Until then it is better to trade safe!
2. IF we assume wave 3 is complete, we must watch nearest resistance 1.2273 carefully and if you sell around these levels then make sure to have a wise SL a little above yesterday's high..
3. IF bears kick in the area that we have to look for a break sits around 1.2221/31 roughly!
4. IF bears win this battle then next lower target would be 1.2118/28 area roughly!
5. As you may notice on chart, the ultimate bear target sits roughly around 1.1974 (in other words as long as price doesn't violate wave 1 area: 1.1920 it actually can go as low as it wants)...

I hope it helps

Stay Green

I closed out my long. Not much places to go...hanging between 1.2285 and 1.2250 . I think this will be story for the day until about 8pm when US Senate results starts to come in. However unlikely it is , with a democrat sweep we could see further down side as hopes of another stimulus would be greater.

Still holding long. A lot of consolidation around 1.2270. Looks like market is setting for a new leg up.

Bulls need to defend 1.22640 area with everything they've got if we are to continue up