Disliked{quote} I shorted some, got +13 pips, which I am grateful for, still hoping to get rewarded upon reaching the bulls' potential target above 1.1390. Meanwhile, I lowered my TP to 1.1393 so to kind of make sure price gets there to close my trade upon a rise. BEWARE of today's US monthly inflation data release. One never knows what this may trigger after all the many weeks of ranging within all those different triangular/wedgy patterns, some of which folks around here try to interpret from time to time.Ignored
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- #143,991
- Jan 13, 2022 4:52am Jan 13, 2022 4:52am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #143,992
- Jan 13, 2022 4:54am Jan 13, 2022 4:54am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #143,994
- Jan 13, 2022 5:56am Jan 13, 2022 5:56am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #143,995
- Jan 13, 2022 5:57am Jan 13, 2022 5:57am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #143,996
- Edited 8:28am Jan 13, 2022 6:43am | Edited 8:28am
UPDATE to my JAN 3, 2022 post.
I think US Banks have a holiday today, and they will have a holiday with all the retail traders when they return tomorrow. CTFC data shows long USD trades decreased significantly in recent data. EURUSD will most likely hit ~1.136 and maybe even ~1.143 before any more major drops. DXY due for a pullback. If we hit 1.08 this year, it will most likely come in March when US gets the rug-pull from the end of Taper. Additionally, the US dot plot shows 3 possible rate increases in 2022, but I highly doubt it. Feds say they are worried about Inflation, but in reality, not so much. If you want some interesting reads, look into how US national debt is eroded by inflation. Most of the debt issued by US is not Inflation-Linked Bonds.
My NO FEAR call for this year is DXY to 98 = EURUSD to 1.08, then all upside until MARCH 2023. US stock market Crashes in March 2023 when feds start raising rates and money isn't cheap anymore.
Good luck this year everyone!
Still scratching my head wondering why you gave this emoji because so far, I've been spot on.
Honestly, I hope EURUSD keeps rising, a need for USD to keep selling off to allow markets AND BTC to rally. But unfortunately, I don't think that is the case. I think from here EURUSD is a sell, Bears won't allow this pair to hit 1.15. Closed my buy and now looking for a sell opp. Maybe 1.149 and drop to 1.137 this week.
I think US Banks have a holiday today, and they will have a holiday with all the retail traders when they return tomorrow. CTFC data shows long USD trades decreased significantly in recent data. EURUSD will most likely hit ~1.136 and maybe even ~1.143 before any more major drops. DXY due for a pullback. If we hit 1.08 this year, it will most likely come in March when US gets the rug-pull from the end of Taper. Additionally, the US dot plot shows 3 possible rate increases in 2022, but I highly doubt it. Feds say they are worried about Inflation, but in reality, not so much. If you want some interesting reads, look into how US national debt is eroded by inflation. Most of the debt issued by US is not Inflation-Linked Bonds.
My NO FEAR call for this year is DXY to 98 = EURUSD to 1.08, then all upside until MARCH 2023. US stock market Crashes in March 2023 when feds start raising rates and money isn't cheap anymore.
Good luck this year everyone!
{quote}
Honestly, I hope EURUSD keeps rising, a need for USD to keep selling off to allow markets AND BTC to rally. But unfortunately, I don't think that is the case. I think from here EURUSD is a sell, Bears won't allow this pair to hit 1.15. Closed my buy and now looking for a sell opp. Maybe 1.149 and drop to 1.137 this week.
- #143,999
- Jan 13, 2022 7:42am Jan 13, 2022 7:42am
- Joined May 2014 | Status: Full Time Trader | 27,241 Posts
Quick Revisit to Weekly
- I believe, bulls are pushing to get to T1 (my green ma line area).. All depends on how good they keep up the momentum..
- If everything works well for bulls until end of this week, maybe we can also expect a revisit to the longer term target zone.. That could be anywhere between 1.1750 to 1.1900, but I have chosen the upper edge of my imaginary red channel as target area: 1.1805 roughly! Common sense wise, since it is the weekly chart, we shouldn't expect precision like we would on a M5 or M1 chart.
- On this time frame, 1.1300-1.1320 area is my main support area until the end of next week..
I hope it helps 
Focus only on what truly matters!
- #144,000
- Jan 13, 2022 7:52am Jan 13, 2022 7:52am
- Joined May 2014 | Status: Full Time Trader | 27,241 Posts
UPDATE to my JAN 3, 2022 post. I think US Banks have a holiday today, and they will have a holiday with all the retail traders when they return tomorrow. CTFC data shows long USD trades decreased significantly in recent data. EURUSD will most likely hit ~1.36 and maybe even ~1.43 before any more major drops. DXY due for a pullback. If we hit 1.08 this year, it will most likely come in March when US gets the rug-pull from the end of Taper. Additionally, the US dot plot shows 3 possible rate increases in 2022, but I highly doubt it. Feds say they...
Focus only on what truly matters!