EURUSD only

Well this long has been a tough hold, I was up 3.6% but it retraced all the way to almost break even, I decided to take a scale in with that drop pre new york, so am still bullish until 1.22xx hits. Both positions at BE , scale in managed aggressively.

Retracement leg of 'M' pattern completed? Or are the bulls back for more?

Back to short.

H1 Status Update

Still no candle close below 1.2164.. and candles have also not closed below Dashed-RED TL.. I keep watching fitness routines of bears.. If bears win so be it... if not so be it.. No rush!

Stay Green

Guys any fundamental news update regarding EUR weakness??? Pls share info if anyone have

Go on my profile and read all my previous posts.

Hmmm

Thanx bro..

Risk off, markets spooked about general covid news, nothing major.

No 1hr candle has closed yet below 1.2158. So, the market bounces again.

I think 1.2151 will be the low of the day.. next week should continue higher..

Stay Green

As I said yesterday, E heading north. 1.22xx area could be the stop (could be higher) as Joe Biden push through the stimulus aid. Good luck everybody!

For sure. Best indicator ever:

...

Symmetric triangle forming on M60, read that as a continuation pattern for bulls.

I don't really use support/resistance lines for my decision but imo it usually paints a clear picture afterwards as to what happened.

We can see this 4 hour green line support which held for a while broke below, retested the resistance, then dropped. Usually what happens is when price comes to re-test the broken support, it will as resistance (shown in the blue square) so that was a good short entry. The problem for shorts now is that price bounced off the horizontal level of 1.2078 (my entry), broke above the previous support line (with wicks), finally managed to close above it, then came back and re-testing as support. It seems like the last 4 hour couldn't close below that support line, so if we can not only close above that green line but also my horizontal level which is has attempted to close above with 3 wicks, ya'll better get ready for the bulls.

Hi,

PA moves a little up and then a little down. May be the 'happy weekend dance' No real direction.

So, I follow... Good weekend for all

Cya
Chriss

Because of bear pressure (notice the red trendline) it looks like there is no direction but there is..

This is what I see: Bulls are targeting 1.2266 area (and maybe a little bit higher).. While intraday candles stay above 1.2133/44 bulls have the upper hand.. Next week I am planning to keep buying dips with hopes that the potential Cypher pattern will eventually be completed first before any major drop.. Time will tell..

I hope it helps

Stay Green

DXY 06Jan21
Close 5C
Head & Shoulders
green channel
fuchsia support
Trump END !