EURUSD only

I think we are slowly sinking towards 1.1555: Bullish Cypher completion point on H1: From there a rise up to 1.1622.. Let's see..

*If pattern plays out and traders bring it back to TP1 or TP2 area, it can form an H&S pattern for potential new lower lows..

Calculating the distance

Lets See If this HL - HL Works out Tomorrow or.......

Here are my thoughts.

EURUSD H4
https://www.tradingview.com/x/11it3jVl/

Daily-via-Weekly S/R Levels for Tuesday

1. So far, 1.1595-1.1609 area has supported quite well..
2. If support keeps holding we could see a bounce up towards 1.1633 during Asian session..
3. Overall, it looks like bulls are only taking a breath..
4. 1.1588 is sort of my last support that bulls can rely on!

I hope it helps..

tp 1 1597
tp 2 1590
tp 3 1576

Current trades here. Check me out

TPed all Sell

we got new situation
the boys held cca 1.1665, so we dropped. if we are below white bottom line = short.
but falling wedge (1green and 2yellow line) can work for long.

so if we are in yellow channel+bellow white bottom line, I stay in short possition.

1. 1.1567 is the 200ma on weekly. It's been providing support for the whole month. This is the last week of the month. Will it break or not? Lets see.
2. Even If the support 1.1567 is true or not, and ECB do something stupid, i don't think we'll see move above 1.17. The Black Trend line is very strong.
3. The above move 1.1650 is weekly 38% fib, the Black TL, as well as the GREEN ZONE 1.1680 - 1.1710 will all provide strong RESISTANCE, and will only wants to trade below 1.1650.
4. Breaking above 1.1630 - 1.1650 is a determining zone to trade above 1.15 or below, atleast until the FED meeting.
5. 1.1909 is the 200ma on daily.
6. Bears Next targets is breaking below 200ma on weekly 1.1567 and ,move to 1.1490 - 1.1472.

Just Out

1. German Cuts 2021 forecast to 2.6% from April f'cast of 3.5%. Raises 2022 f'cast to 4.1% form 3.6%. Germany's 10yr yield drops to new record low of -2.00%.
2. German govt Expects inflation to rise to 2.9% in 2021 and come back to 2.2% in 2022, 1.7% in 2023.
3. Germany's govt expects GDP growth of 1.6% in 2023.

Happy Trading

Hi traders.. Patiently waiting until bears give up on constantly trying to break below 1.1595... No rush! And there is always the possibility that they might succeed (Remember H1 cypher completes at 1.1555).. Keep your calm..

Patiently opening a short trade @ 1.1608, TP 1.1580, SL 1.1618. I will not have a chance to observe it for the rest of the day, hence I will see how it's gone in the evening. Have a nice day anyway!

H1 Status Update

I think the potential Bearish Bat (I am aware it is not a perfect Bat) delays the potential Bullish Cypher...

Therefore no rush for both sides: First, let's see if bulls can break through 1.16195 area (i.e.: Nearest Dashed-BLUE resistance!). If not, bears will probably try to achieve a new lower low by violating the Bat A leg: 1.1590 .. Time will tell..

looking to open short at 1.1620 with tp around 1.1585 or looking to open long at 1.1585 sl 15 pips tp open, lets see what they will do this london session

opened a scalp short at 1.1614 tp 1.1603

Just Trade, Not Only Analyze, Profits are Purpose

I am sensing appetite for higher levels.. I keep buying dips..

Bear will be Wild at NY

Bears need 4hr close below 1.1605. Bulls need 4hr close above 1.1623.