EURUSD only

Look at you Kyuu.. Man, they dragged you away in the last minute from the chair of death sentence.. Hats off.. Bravo

Meanwhile on H1...

Doji situation.. waiting for 1.2195 area reaction. My Dashed BLUE TL will probably act supportive so I am in no rush for selling!

It's not a yearning for adventure, I just didn't post my million reasons as to why I entered since I wanted to eat breakfast first. It was a 10 pip mental stop, I was expecting either a W at my horizontal level at 1.21736, or a triple-U before it took off (which I call accumulation under my level)

Here's why I entered long (sorry, when I upload pictures they sometimes don't post for some reason so the order gets mixed up when I re-upload)

1.) Image 3: it's a 4h chart. We broke the "resistance" line and from here, I expect either a small whipsaw or a full blown forced correction pullback. This time, it was the full blown forced pullback.
2.) Image 2: it's a daily chart. (I removed many of my lines as it will only cause confusion) Because this was a full blown forced pullback, I expected support to break and accumulate under. Fortunately, I had a very important horizontal level there. Now I needed to see exactly how price reacts close to my area where I expect a W or a triple U
3.) Image 1: 15 min chart. I drew the 1st leg which made me put an order entry at my horizontal level at 1.21736. It could have easily bounced here too but market makers wanted to accumulate under my horizontal level. The reason my 10 pip mental stop existed is because I was expecting either an immediate bounce or an accumulation.

If price broke any further below even 15 pips, my whole analysis would be wrong in general of what's happening.

~

I think right now we're in an exponential daily trend based on my strategy and PA since like November of last year, so I don't expect a full blown pullback here on the Daily. Just a Daily wick breaking the obvious "support" which it did as predicted (for now). If this actually does move up, I expect an up move now even faster than we've seen.

TP: 1.22693, roughly 97 pip target. I will scalp a short before re-entering long. Hard set SL is now -10, will move to BE if I see a 2nd bull leg or continuation from here.

I can also never know 100% what will happen if it is a pullback , a full correction, or sometimes we won't even get one. All I can do is react to what happens IF it happens and if I see my patterns showing on smaller time frames.

I was expecting your essay and here it is.. Well done brother

-> Overall I expect price to stay below 1.2208.... As long as that is the reality I stay bearish!

Since today is sort of played out and tomorrow's levels are affected by Friday's levels here are my Friday S/R levels that will matter from hereon:

1. 1.2198 area is upmost important resistance area and today's daily candle has to close below for bears to gain power!
2. 1.2154 area is first and foremost target bears have to break to open doors for deeper levels..
3. In case things go north (because market always can), 1.2229 is 2nd crucial resistance area..

That's all for this week as a whole.. I hope it helps

For my followers: Based on H1 price arrived at 1.2195 (in other words H1 candle touched my doji case dashed line) Now, beginning from the start of next hour (after 18 minutes) IF new H1 candle opens at or below 1.21965 I will open a sell order..

It touched the yesterdays downtrend (5m)

No close below 1.21965 and therefore no selling..

Waiting 1.2234 or 1.22193.

Bulls be like: Oh sh*t, look where you have brought us Oxymoron, we are back below damn resistance!

Well.. Seems like it will take time until we can sell this.. Don't hold your breath.. Zzzzzz....

Found support this morning 1.2164. Turquoise line. Let's see if market can finish this week at 1.2276.

Ive only recently seen that chart. What’s the best way to utilize it? I mean when shorts get to X % Buy or when longs get to X % sell?

....i am here more for fun than to be offended )))

Imho, it is better to use it as assistance and not main driver.. Meaning:

1) Your first rely on your own technical analysis and make a decision!
2) You check stats if they support your bias.. For example if your bias is bullish make sure % of short lots is higher than let's say 61% (but not higher than 89% because that would imply the movement is maybe getting exhausted) you get the idea.. Flip the logic when your bias is bearish..

Beware of thoughts like that.

Personally I use that for a "simple" test - where does most of the market believe it is going; then I usually do the opposite.

Splendid

Men, you saved my shorts with this....Thanks for this.
Keep it coming.

No wahala then brother.. all is well

Trying a short @ 2215. Caught one down last night but missed the up move - damn sleep.