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EURUSD only

I suspect nothing dramatic is gonna happen during the US session as it is lacking the US predators of retail traders today. A bank holiday is a bank holiday. Hence perhaps the Asian session or London tomorrow is going to shed some more light and direction on the graph.
I'm hoping for the greatest weekly wick close tomorrow, any bear-like weekly close is a big red flag for my long term bullish idea...
Quoting fafnir
{quote} I see strong downtrend. Nobody knows where the bottom is, we will know after the fact. It can still drop to 1.13 and if that does not hold, then 1.10 area. 1.13 is a 61.8%FIB from the last bottom to high on the weekly. Currently long from 1.1483 but partially hedged just in case. Chart looks terrible. The way I see it, we would have to retake 1.17 to have turned a corner. Until then it looks bearish.

as we lost and closed below 1493... next strong support could be 1290 and could react as a hard floor to this downtrend

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Fibo.png Size: 78 KB


Trade Safe
Happy Trading
Profit is not profit until you BANK it
Okay, now back to the ordinary practicality... are you guys buying these tiny dips if scalping at all? Or what is your trading fetish in course of a day as boring as today.
Both worked for me today, however I feel less tension buying dips than selling those swings.
Today is a scalp day.
My Grid. Markets are NOT random.
Quoting tonyb123
Today is a scalp day.
Oookay. And how do you do the scalping today. Selling or buying or both?
Quoting yvestrcz
{quote} Oookay. And how do you do the scalping today. Selling or buying or both?
Both, from 1.1465 and range up 1.1458, range down 1.1473.
My Grid. Markets are NOT random.
Tommorow could be better. Today eu was enought.
Learn and learning
EA XAU Ticmill All Time Return: 522.7%
How LOW is this thing going ! *crap*
Wonder if this latest drop has anything to do with the dispute in Belarus and them threatening to hold EU gas supplies to ransom if they go ahead with sanctions, if not, any ideas what this drop's about?
A wise man changes his mind, a fool never will
Quoting procrude
How LOW is this thing going ! *crap*
Keep your shorts going.

Next target 1.13 and maybe 1.09.

I closed some at 1.1450 but holding shorts.

If it retrace i buy more.Maybe toward 1.1530 1.1550.
Quoting MrGuy
Wonder if this latest drop has anything to do with the dispute in Belarus and them threatening to hold EU gas supplies to ransom if they go ahead with sanctions, if not, any ideas what this drop's about?
Nothing. No reason for anything. All the movers do is to wait to gather orders and at the mort unsuspecting time they breakdown to catch the liquidity (SL). It's a slow burn for bulls.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
The market has been slowly grinding down over the past 5 months with corrections never being able to exceed the previous highs. Some large candles south are on the horizon. To emphasize, this is the weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 57 KB
Quoting Mitiblotch
{quote} Nothing. No reason for anything. All the movers do is to wait to gather orders and at the mort unsuspecting time they breakdown to catch the liquidity (SL). It's a slow burn for bulls.
But surely both technicals and fundamentals should be considered; technicals for targets, fundamentals for timing?
A wise man changes his mind, a fool never will
7-4 sisters
Long 1.1446 active

2nd entry 1.1422

Target 1.1666
1st TP 1.1575 60%

SL 1.1380

Failth Healer

Attached Image
Quoting fxcontest
Weekly Candle 2020 already broken, where is The Bull ? {image}
No Big Bull, just a minor for Deep South
Quoting fxcontest
{quote} Be Careful with Bull position. IMO and DYOR
Sell at Pullback, No Buy
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