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EURUSD only

Quoting Blegg
{quote} Looks like I was incorrect about it needing to go back above 1.21 during London session. No worries looking for a new set up in New York. Pair: EurUsd Direction:short Entry:1.2060 (or higher) Stop Loss:1.2193 Take profit:Target 1: 1.2020 Target 2: 1.2000
bro your RR ratio not that good.

risk 133 pips for potential 60?
Quoting gatenio
{quote} bro your RR ratio not that good. risk 133 pips for potential 60?
Yeah bro, 66% winrate
looks like 1.2043 on H4 is rejcecting, maybe pullback to 1.21188 will give it strenght to break lower ?
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It stopped moving.
1.2048 is aggressive sell level on M15 and currently being tested but I skip selling there because imho still not worth it while volume is so low.. Zzzzzz...
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 31.0%
Downtrend on 5 min, and 15 min. Nearing a key support at 1.52

What happens here is the chance for continuation, or reversal of trend IMO, Maybe some sideways trading to figure it out for a couple of days.

I remain short here, but with caution.

Have rode the downtrend with shorts on retracements for 100 pips
guys am in with a short should i abort......its what they say trades aint for the faint hearted
Forensic
Quoting Kyuu
Added more to my short at 1.2053 , I have a feeling this can be yet another M pattern. The whole consistent up move looked artificial to take out shorts and that sudden drop back to a slightly higher high and the fact we didn’t shatter that high are all clues for a potential M. if this drops, well make yet another big down move. I have a 5 pip Mental stop to cover the extra I added and to take out some profit before entering short higher. If this drops, it’ll go much deeper down before considering to have the first REAL pullback IMO
So far, the short I added at 1.2053 has held pretty well. Here's my analysis, we've been riding this resistance line and everytime we fake out above, we simply close beneath it. Right now, we are still reacting to it.

Meanwhile, we have this longer term support line that has reacted a few times in this down trend that was just recently violated, and it has whipsawed above and below. It's almost right before US open.

My guess is that
1.) We will see either a drop directly from where we are at to make a new low, and that new low will be the official pullback/reversal point
2.) We will break this resistance line once again so that the US banks can get in on the short, and the market will just keep riding down.

I personally believe this situation to be 1, I'm still holding my short from 1.2126. Gooduck everyone

For my TP, I want to see how price reacts to 1.2025 area before I consider covering and switching long for a pullback.
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Quoting Ata-Turkoglu
1.2048 is aggressive sell level on M15 and currently being tested but I skip selling there because imho still not worth it while volume is so low.. Zzzzzz...
I think low volume just means the big whales are waiting patiently for the market to go the wrong way first so they can get a better entry I guess you'll sell now if it re-tests the area?
Till now we didnt visit the weekly pivot which very often happens, picture not actual but from this morning.

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Trends have a higher probability of continuing than not.
Quoting Kyuu
{quote} I think low volume just means the big whales are waiting patiently for the market to go the wrong way first so they can get a better entry I guess you'll sell now if it re-tests the area?
Dont worry Kyuu let those big whales come, I am confident that either they shall swim in same current as me or they shall face my tiny spear into their bottoms..
Quoting eurusd-thijs
Till now we didnt visit the weekly pivot which very often happens, picture not actual but from this morning. {image}
Can i ask what is pivot mean? Some kind of average?
Fundamental provide Volume, Technical shows Direction
What was that spike?
Are you look that move , what a move. Just flip flop 100 poin in 1 sec lol.
Crazy stop hunt?
A wise man changes his mind, a fool never will
Quoting MrGuy
Crazy stop hunt?
Breinard from the FED was japping something about stimulus... i guess some algos jumped on but realized no-one joined them... so they reversed in a blink of an eye....
Quoting MrGuy
Crazy stop hunt?
Missed my stop by like 1 pip, my SL was at 1.2070. That was unnecessarily stressful , but maybe that spike could cause a ripple effect scaring bears. Guess we'll find out
Quoting Kyuu
{quote} Missed my stop by like 1 pip, my SL was at 1.2070. That was unnecessarily stressful , but maybe that spike could cause a ripple effect scaring bears. Guess we'll find out
ooof, closest of shaves!
A wise man changes his mind, a fool never will
Spike triggered my sell limit at 1.2064 - T.P 1.2024/1.2
Quoting MrGuy
{quote} ooof, closest of shaves!
Yeah, I should've had my stop higher around 1.208 so it would've been my fault if I got stopped there. Not sure if anyone remembers this, but back on 1/05/2021 (15 min chart) , there was this sudden spike.

I expected 1 more low before going back up, and I'm hoping a similar pattern plays out. I knew there were lots of stops above this level that just got spiked especially institutions, and that jump might've honestly been the result of force closed position of some whales. The sell pressure immediately could've come from algos, and even the initial bull volume could've come from algos as well.

Regardless, I expected 1 more lower low before bouncing up to have a pullback but this may be it. I will keep my SL anyways, but I hope the image I attached below plays out. We should figure out in the next 2-3 15 min candles IMO. If the next 15 min or 2 candles don't show stronger bullish pressure, we droppin again. If 1.2048 holds as support, that's a bad sign for me
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