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EURUSD only

Quoting Murugesh29
Price drop:Stoploss hunting.... Buying here....to weekly pp 1833
On NY session
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Its all about Timing!!!
This thing is plummeting, and I just can't see a reason for buying yet. Not a trace of support @ 1.1775. I can be wrong, but this is no support. It'll fail like nothing. Just my guess. Time will tell.
Quoting yvestrcz
This thing is plummeting, and I just can't see a reason for buying yet. Not a trace of support @ 1.1775. I can be wrong, but this is no support. I'll fail like nothing. Just my guess. Time will tell.
Looking fairly supportive at the moment, is it not?

Edit: Scratch that, support gone.
A wise man changes his mind, a fool never will
Quoting MrGuy
{quote} Looking fairly supportive at the moment, is it not?
Yea, it is looking supportive
A vision without action is merely a dream.
Quoting yvestrcz
This thing is plummeting, and I just can't see a reason for buying yet. Not a trace of support @ 1.1775. I can be wrong, but this is no support. I'll fail like nothing. Just my guess. Time will tell.
That's why I am mostly waiting and only scalping 1.1768 is key!
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
In my humble opinion, 1.1750/60 could possibly be the low for this swing, to complete the inverse Head and Shoulders formation. US CPI tomorrow could be the trigger for a big rise.
Observation is the path to discovery.
Quoting Alorente
In my humble opinion, 1.1750/60 could possibly be the low for this swing, to complete the inverse Head and Shoulders formation. US CPI tomorrow could be the trigger for a big rise.
When dropping, price always wants to drop some more than most traders expect as "a reasonable drop".
Hence much as my gut tells me it won't, the sick side of me expects the drop to visit 1.1740.
The Trend

LH Then LL Then LH Then LL

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The high of my current H4 candle is 1.1793.. My H4 candle closes in roughly 15 minutes.. Bulls will try to climb above it! Therefore expect sell pressure once/if price gets there!
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
Closed long at 1.1788 and I am on side lines again.. Waiting to see how 1.1793 will react..
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
If h4 closes above 1790,retest of daily r1 @1838...my tp @1830
Its all about Timing!!!
Ok I see that bulls are still weak.. I am preparing to sell 1.1800 area... No rush!
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
Selling the retracement. BMB resistance holding firm, MACD bearish, RSI remains below 50, no fundamental or news to change the natural downward bias.
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I used to be indecisive but now I'm not so sure...
If we assume this is going up I still expect one final retest attempt towards 1.1777
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
Now I will try to sell as high as I can.. But remember: Little bites when selling.. Larger bites when buying
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
Ok, is time to look for resell in zone 1.1805-15, with SL 1.1837, and TP open in under 1.1780

Edit: Took short already 1.1806
Everyone makes mistakes, but only few use equity management.
Quoting Murugesh29
{quote} On NY session {image}
Next 4hrs retest of daily r1 ?(may be possible)
Its all about Timing!!!
Quoting andvk74
We should see a nice reaction from here {image} {image}
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I think we may still see it depreciating down to 1.1680.
Quoting james1254
I think we may still see it depreciating down to 1.1680.
As long as bears keep it below 1.1822 yes that possibility is always on the table.. BUT let's focus on the now! Bears have to deal with a lot of barriers even just to get to 1.1750... Step by step is key
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 69.0%
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