EURUSD

ADP came 302.000 above previous month number and 402.000 above forecast, a serious beat.

Hawkish FOMC later today plus more jobs makes for a more bearish EURUSD.

Either way, it's still stuck in the consolidation. I was really hoping it would end this week.

closed. 1.03745

Yes HESRON.....if this thingy is bearish ...it must stop here . Short here and now.

If it does not break through 1.1270, it will go to 1.14.

will the support be overcome?

Said before the FOMC.

NFP should move EU to an edge (1387/1222), if not today!

I took P.Prfts at 1.13 08 [25%] and for the rest I have SL at 38 . I don't know what it will do.....Just watching

Lowered SL to 1. 13 28 . Still opinionless......

looking to short eu here, just need enough of a retrace.

on second thought, never mind. i'll wait for nfp

doubt it will move much anyway.

2022-01-20 Monetary Policy Meeting Accounts.

Until than, EURUSD is sideways. First resistance was 1.1390, the second resistance is at 1.15 if it gets there. Either way this is going down.

Stoped at 27 with a high at 32 . . .

Short now again as shown ...

I am looking again at charts and using a new technique - combination of 9-period RSI and stochastic and taking swing trades when they agree. Example:

I went long here because RSI and stoch were both oversold and rose from oversold at the same time. MACD isn't that useful as it is very slow to react but it also shows diminishing selling pressure. Candle patterns are also very important (e.g. long wicks) as are pivots. So an ideal trade would have two confirming oscillator crossings along with a candle with a big wick bouncing off a pivot level. And so on. The problem is when to exit a trade; whether to always take a 1:1.5, or aim for the next pivot, or to let it run until the oscillators indicate it's overbought (and I'm long) or oversold and I'm short.

Now the question is how to trade EUR/USD. Based on the four hour chart below I can see very few opportunities. Hence, must look at indices and other forex instead. I still don't understand how anyone can trade EUR/USD on a short time frame.

On the fundamentals front: European countries are 'declaring war' on people who don't take experimental injections when they are told to. Europe is turning full Nazi and promising to exterminate the non-compliant, which includes people who don't get a booster dose of the poison. My long-term outlook for Europe is therefore bearish. I believe the continent is going to explode into disintegration, war and genocide once again. Things are only slightly better in the U.S. but it's headed in the same direction. I am so glad the United Kingdom left the European Union.

https://www-vie--publique-fr.transla...en&_x_tr_hl=fr

America continues to commit economic and social suicide

Notably, a chunk of December's increase is attributable to COVID vaccine refuseniks, a phenomenon which is likely to continue.
"January may see more cuts due to workers' refusal to get vaccinated, since many companies imposed deadlines for this month," said Andrew Challenger, the firm's senior vice president.

Meanwhile in the USA, the leftists are turning to tyranny and censorship:
https://www.reuters.com/world/us/bid...ry-2022-01-06/

and the winner is....

if we stay below yellow line = short
if we stay above blue line = long

Your 'R' line has been penetrated several times (quite significantly at one point, resembling a breakout), did that not cause your stop losses to be hit?

this last chart is only one part of my big chart, in my big chart there is a lot of lines...
I choose a specific part for now, tomorrow it will look different, it depends on how this part will turn out
and it looks short

after overcome R or S, we will go at least 60 pips up or down

eur/chf.

sold-1.03975