EURUSD only

Well NFP were not so strong, so the FED won‘t unleash dollar bulls either.

Important DAIL S/R Levels for Next Week

As you can see next week's levels already affect today's levels.. 1.2154/64 is key! While below bears have the upper hand.. Once any daily candle closes above this zone bulls can take back the lead BUT they still have to also break above 1.2201.. Time will tell..

Perfect falling wedge on M15, this one will go up!

hoping so....almost closed my dumb move long a couple times at +1 and called it a week. Definitely broke a few of my “rules” this week.

Stochastic Longbow

My trading plan for this week and compare it today's chart.

One last attempt at hitting 2180!! Come on get me square (or close to it)

With the momentum of today i think it's safe to say that 1.2500 is on the cards... Keep in mind that monthly is currently bullish and trading outside the down channel, it's a buy the dip scenario for me, no doubt we will have bumps on the way but we will get there slowly but surely

tempted to hold my open long over the weekend thinking might be a nice move up Sunday vs closing and reopening. I always seem to get in at a different rate usually not in my favor. Guess if this last hour could see some profits close and enter a market order

What a week !

Main volatility war ended hours ago with the bulls still in charge. Bears needed to bring it straight back down and keep it below 2160 as to not let price get into a new short-term momentum build up. We will see next week how that unfolds. Bulls ARE still fragile under 2180. But for now, have kept all my longs open as weeks positions average SL is low enough for the present potential/risk. Also, I might not be in good enough shape next week to take care of each of them individually and/or do the necessary reentering as I usually do when new setups occur after a drop taking some out.

Thank God for my countertrend on divergence setup that brought my weeks longs back from the dead!

A bit of context surrounding my staying in longs when I usually wouldnt have:

Was in the negative already with 2 positions (2153 and 2141) + a loss of 16 + 4. My third time this year I have accepted such situation to occur. Vast majority of the time Im out on BE, tight stop or much greater TPs than SLs. The probability of a return above 2160 before end of week, at the very least, was still too high to ignore at that moment.

Then got a series of very strong confirmations from a series of long setups (scalps + intraday + swings, all supported by the long term probable pullback, from which I usually make the greatest returns in such a momentum-strong trend) :

Then I had to make the decision to keep my positions (below quote for details) since : got an even stronger longer-term countertrend setup that gave me extra assurance that the correction was probably coming to an end and so why I held on to my positions. That is contrary to what I usually do, especially in the face of big news, but the conditions could not have been better at this point :

It was a 15m macd/stochastic divergence + probable double bottom to confirm it, which happened perfectly, WITH the longer-term outlook, without which my 15m counter had no value big enough to face the news and my already losing positions :
On longer-term view (higher TFs) : momentums power under limits of the typical correction that had not managed to reach critical levels (2090s) early enough...

I barely worked this week, still being a bit sick (didnt want to mention it again dont know why..), but I thought this deserved an all nighter as it was changing most of my plans in the face of worst case scenarios during big news (temp hedging levels and amounts, etc.).


That was my incomplete update. Which I will try to get used to do and better do from now on, as to give a clearer picture of my trading our beloved eurusd


Hope everyone is well and I wish all of you a good weekend. I think I will sleep now non stop for the next 40 hours .

30 minutes till end of the week. Close or leave open? Any thoughts / opinions on how Sunday will start off? I know some are very against leaving any position open over the weekend. Small ones I don’t stress. This one though is about 3x what I usually hold initially. And is just a few pips below my original entry. Have a stop in place about 20 pips away. My luck would be huge gap down open stop trigger then scream right back up

Looking at the weekly chart on both EU and USDx, I see 1900 as a target, not 2500.

Check USDx weekly, 3 bottoming candles, this week's candle higher high and higher low...everything points to a break upwards soon.

There was a long time window where the US clearly had an economic advantage due to the massive stimulus and all the lockdowns in the EU, but this advantage is clearly over very soon. No reason to believe in US exceptionality from now forward.

Welp my ADD decided for me...got wrapped up in something and missed the close lol. Crossed figures for Sunday open

-This week was radical...
My opinion is still the market in favor of the Bulls for a short time, however, I already have an open order on sale 1.2180.
I am very happy with the GDP growth in my country, it surpassed all countries for this quarter.
The Brazilian Gross Domestic Product grew 1.2% between January and March, third quarter followed by gains and above market expectations, this attracts investors to our currency !

Good weekend to everyone!

This is the second quarter. Let's see where the market is going to finish.

I also see US fed JOB and non farm data rallying the dollar to its highs, what effect it may take on major famous pair eur/usd?