EURUSD only

Waiting for 4h candle to break 21 ema to go long

1703 buyer is still strong and active buying. Buying low selling high is the game now.

With FOMC, 1764 and any weakness above would be a short.
meanwhile 1696 1680 1655 area is rich of wanna be surprise buyers waiting.

Looking to close a short from 1840 here at these lows. A reversal may be due in my opinion.
The day's close is very crucial above 1723 is good for bulls for 1818-1820 area, below 1723 we will see more lower prices with 1764 as the trigger once again for 1660

Happy Trading

If price gets above 1.1750 with a little bit of ooomph, you are probably gonna get that reversal for today.

Below is my H1 chart and this is my final post before FOMC.. : Imho, while price (or H1 candles) glide above 1.1723, bulls have the upper hand!

Frankfurt time

Below i've shared 2 charts.

1st chart is based on weekly which i shared 2 days ago.

2nd- Today's.

The details are mentioned inside the charts.

Please compare and kindly watch out the PRICES.

Active

Felt that coming from a mile away...

That is a stoch or rsi based indicator that draws these arrows ?

modif stoch

Quick transportation lesson

My TP long is at 1.17589 where my short entry will be triggered where I hope we break 1.17 for the monthly low, then I will long all the way up to 1.25+

Edit: I've moved my long TP and Short entry up to 1.17663 (My target is 1.17669, 0.6 pip for spread). I expect something similar to the attached image. I have so many resistance lines my gut tells me they will break before actually dropping lower (like the area I have boxed)

I would normally expect that my TP and short entry would get broken here, but then the estimated area I have for prices peak is 1.18-1.1825 which is not good for my weekly and monthly bias since I am expecting 1.17 to break (Maybe 1.1625 area?). I simply find it hard to drop without punishing all the existing shorts at these obvious sell zones... Regardless, I am truly looking for the best long opportunity once 1.17 breaks whether we spike up before dropping or drop immediately.

If we actually just go up from here and break 1.185 in the next few days, I'll be very surprised.

*15 min till FOMC, stay safe yall*

Looks like a weak FED reaction.. Imho, not worth to trade.. Calling it a day.. Hopefully I continue tomorrow after pa settles.. Trade safe

Still no concrete timeline for tapering by the sounds of it, should be dollar negative. Placed a sell stop at 1.1769 just in case (although looking at it now, perhaps 1.1753 would've been wiser)

Edit: Yep, 1.1753 would've been real nice. Dang it. Also, Powell seemed to hint a few times that tapering could begin as early as next month, so not so dollar negative as I previously thought.

On side line until daily candle. Yesterday i closed my long because it predict to touch my stop, and now touch it. I will prepare tomorrow

Just closed my Sell. Went as planned.

+ 1 on first trade

2nd trade had 2 positions open. Closed one position at +50 pips, will leave remaining position open with stoploss at +1

Buy between 1.1655 - 1.1624

Is your trade still active?