EURUSD only

Hi Guys,
I am getting 4hrly bearish confirmation signals. I will wait till London open for further confirmation before I enter.
Take care.
Cheers.

EUR/USD turning point on 1H chart which will occur on 2021.01.08
15 min time frame included

Today's Important Levels


Focus Starts @ 78.6

Thanks & Regards

I'm considering a SHORT at 1.2273 (I'd like to see the market to get there on the NEXT H1 candle, NOT the current one)
SL 30 pips TP 1.2225

Dear Udithag,

Very nice Initiative with Turning Points.

I also have used something like this before. You can always come to an conclusion with the help of it for your Buys and Sells.

But If you give Focus on mainly DAILY TURNING POINTS - OF THE MONTH it would be Great.

For example Week Started on 4th Jan and we had EURUSD making a Turn on 6th & 7th
and if we had a Prediction of
Daily Turning Point of that dates it would be Great

In short Daily Turning Points will be of Great Help rather then Hourly or so.

4 Trading Weeks - 20 Trading Days

and 3 to 4 to 5 Turning Days or more as per signal would be Great for the Entire month.

We can Focus on the Trend with its Help.

Thanks & Regards

IMO market does not need to retrace that high up before the next leg down. After it will run today's low, we have a nice TRAP on the upside for NFP to go to.

Let's see if 1.2268 was the golden touch and if we now go back down from here..

Stay Green

look at the option expired, EU has a range from 1.2300 - 1.2180.
Perhaps it will go down till 1.2180 for the max drop today IMO.

IMO it must break dashed blue line to invite the traders in the wrong direction before going down.

THEY created charts, THEY wrote books on how to trade and other educational material, THEY trap traders, THEY collect the money!!!

So far so good.

Current M15 is a PERFECT candle for reversal - TIME FACTOR!

Seems in this forum nearly noone is left on the long side, which makes me sceptical about the statistics that most traders would still be long. But on the other hand there are probably just the smart traders in this forum who might not be representative for all traders.
Personally, however, I am still bullish fundamentally. I think all of this is a technical trap to scare longs out of their positions and to invite shorts. Though it might be the market is still so crowded in longs that is has to correct more first. But I don‘t think so.

A good question today is: does EU trying to make sellers join here and then retrace up at NFP traping buyers all the way until resistance only to fall down again for the next corrective wave on four hours timeframe.

Anyone here still holding on to longs?

Not YET.

SEE how the time factor works!!!

gogo gogo we are downnnnnnn

Closing my short here and waiting for H1 to close.

Can't say buyers didn't try ..lol
Goodnight ..Might wake up for NFP ..
Tailing stop set , Regardless..