EURUSD only

The Pendulum

All good man, I figured you probably just hadn't seen it.

Is it 100 pips up to 1.1386 or down to 1.1180.

Maybe even both. First down to 1.1180, to collect all stops which survived the previous flash crashes to 1.1240 and 1.1230, then up.

Just saw you had the same thought definitely in the cards

Good morning, hope you're doing well. Bears seem alright, on 1H.

BUT, not without a STOP RUN before the news tonight!!!

I hope you also put some stops for tonight

#EURUSD / H4

Finally selling time again ! At last, 1270s which have been the fiercest support for awhile, could become resistance. Happy trading everyone.

Will open first SHORT at the 1.1285-90 zone if a divergence with the DXY forms on H1 closing basis.
T he LEVEL for a divergence to form at - is a 50% mark of the yesterday's daily range.

If bears pull this off, 1270s resistance to hold this early and through news, their trend might start their continuation after almost a month's pause. If so, 1300, numbing ranging, for a while.

The following is just one planned approach of many, and many of which, just as important for me, were already shared above.
Under such trend, and even through the biggest news times, it can just as well not have any high volatility moves in the opposite direction prior to following through, no matter what direction it finally takes. Disregarding wicks is proper mm during big news for me, waiting for closings is best before any new decision to be taken. Waiting for volatility to decline even better, if possible. I hear a lot of "Fear of missing out" here in FF. This should be inexistent, if planned well and responsibly.

Expecting anything and everything, planning the worst to the best, keeping in mind the trend just a tad more.
Easier said than done, but the work is worth it.

And once we get to know these two beasts enough, they aren't so bad, just 2 peas in a pot.

Wishing to each and everyone here the very best outcome in regards to their own approach ! If not, next ! Ok, News up !

Hmm, just thinking out loud here. Will they take it back over 1.13 as NY opens then dump it before FOMC?

Thoughts?

Hi mate, I don't know myself, but my first thought about it : it is a little late for that.

Second thought : the further down it goes prior to FOMC, the more likely it will not go back there. No expectations in this case helps me, just patience + reacting. Pure mm + trend + not getting seriously in before in the hopes of "catching the rare quick move". Plenty of opportunities after. So for me, today is a tight stops day, rinse and repeat, but only before the bang, get out, then after the dust settles.

For FOMC, the plan is simple

Buy at 1.12333
Tp 1.13733
Sl below 1.11800

For me this is how I think it will play out
As long as 1.12560 continues to support, they will take it to 1.13260 then dump it to 1.12333 and then rise to 1.13733. Expect some craziness today and prepare accordingly

I expect it to drop under 1.12 after a hawkish FOMC, where I will sell more when the daily closes below 1.118. If it goes up, I will look to sell rallies into 1.14.