EURUSD only

Wait and wait until next 4 hours.

I only take long position at 1.181x- 1.179x

Not trying to be ugly or sound like a know it all, but if you were to take a long at that price, during today's price action, you would be on the wrong side of the market.
Take it from somebody who's been doing this a while.....Hope this helps.

Moving SL to break even.. Zero risk.. If I get stopped out so be it..

I'm wondering about this news that I just came across:
"The ECB has increased the assets on its balance sheet by a monstrous €154 billion ($181 billion) per month so far this year via an alphabet soup of programs, blowing by even the crazed money-printers at the Fed with their average rate of $123 billion a month. While there appears to be consensus at the Fed that “tapering” its asset purchases will begin this year and will be completed in the first half next year, with assets then remaining level, the ECB announced today that it will start tapering its asset purchases now. " https://www.forexfactory.com/news/11...y-printing-has

What caught my attention was 2 things:
1. ECB was purchasing $181 Billion in assets a month while the FED was "only" purchasing $123 billion a month
2. The ECB has started their taper before the FED and there has been no "taper tantrum" with the EU stocks

From a fundamental POV the USA economy is doing much better than the EU (as of September 2021) and if the EU is printing more dollars(euros) than what the FED is doing shouldn't that be a draw down on the EU - unless it is only the USA dollar driving this pair.

EDIT: I am long EU 1.1835

My perspective on the 1 hour, ignore the other lines that do not have arrows. (Image 1). The support is holding, and the previous support is rejecting as resistance

I'm short at 1.185 and believe this 1hr support will break today. On the weekly and monthly, I expect a re-test as low at 1.145-1.155 before actually going back up. Image 2 is weekly, I don't expect this broken support to hold as support or this broken resistance to hold as support either. Thinking lots of early bulls will get screwed today.

Image 3 is monthly. Tell me, do those candles look somewhat similar to what we're doing now?

~

I could also be wrong, we'll find out in the next few minutes post news. I believe we could also have a potential spike up to 1.1875-1.188 before actually dropping, but that would be wild. If that area breaks, I will sideline to re-analyze.

Gameplan: First TP is 1.1775 and look to scalp long quickly before re-entering short and TP around 1.18-1.181 area.

Its friday, better no trading right now. Or you have done this morning of both #LONG, then SHORT#
Happy weekend to everyone
I am going to work out for my health

Got stopped out at break-even.. Calling it a day folks.. This Friday is really dull..

Hopefully I continue next week... Enjoy your weekends..

it is my risk appetite for today. Sorry if it leads to any misunderstanding. Everyone has own trading plan and speculation!

Bulls are weak today, have a good weekend.

Lets see about this level 1.1757-1.1706 i prepare to buy dip but step by step if break 1.18

Had a decent week. Next week i am seeing 1.171XX

Have a good weekend traders.

Have a great weekend folks!

Under my profile you can find this robot with indicator.
Did make 15 pips with a short today, to use default.
It is free, no expiration or otherwise.
In the thread where it was posted you will find some more info.

It looks like the correction is over. But if they break through 1.1800. While there is an option that will bounce and go 1.1965.

Guys it's long accumulation time, if you don't mind the overnight. On Monday it could go a few PiPs lower and then it's one ride to 1.193.

H8

EURUSD Have been bouncing off the 200 EMA ( 4H )