EURUSD only

It's always Schrodinger. But I'm watching DXY today more than the prices of EURUSD. 100.12 is the target, if not today then tomorrow.

USA traders turned their computers on I guess

DAILY S/R Levels for Thursday

Similar to yesterday, bulls have to keep it above 1.0857 and try to climb above 1.0912... Otherwise, bears have the upper hand...

Mates, it did not get stuck in an even tighter range, for a minute or two ! Still stuck in the lower middle though, so anything can still happen ! I have a buy stop 0904 for another 13pips, just in case. But IF bears are taking over today, this would be a nice wick to open the door.

That is why I enjoyed that particular exchange so much. Yes, I suspect tomorrow will be the day I wish today and yesterday was, with direction ! Cheers mate for responding and wishing you the best with your target!

Warm welcome mate !! I like your plan. Well done on staying clear of this choppyness and being patient. We all know how that is not always easy !

Sorry folks I noticed I forgot to share some SLs again... was coming back to share it and TP sound happened, so no need... Ok, now, I wait and sell the low break of the next 5min bear candle

Retracement possible before the STOP RUN.

Random thoughts,
By MTako

This pullback period is still perhaps not even close to being done.
And even if it is the largest pullback since last Thursday, the start of this down move, it is still a very very shy pullback which = probable quick new low.
If it does not go any higher at all, there is still not much of that "shock absorbing capacity" limiting this down move's continuation, and potential is just as great as it was at the its beginning, the same old high quality 1D downtrend potential we have been having since May. As fontu nicely put it : I get it, and appreciate the different perspective.

Looking at End of March lower levels of support and middle of Tuesday BIG boy 4H bear candle under which we are stuck, I have to believe that:
>0945 could be enough to really shake things up. A close above would greatly increase the chance that this was just the low of some potential beginning of ranging on the D1, and haven't we been through enough of that in November-February? Anyhow, we have no say and that is also the beauty in it. But a close >0945 would probably force me to close some of my longer-term shorts. I will update accordingly the ones I have shared with you here...

But one thing at a time. If 0915-0925 succeeds here as resistance, this still ongoing crazy intraday ranging mode will be at least shifting downwards for the 2nd time.

Small updates : If it goes >09333, I place sell stop at 09198. If it goes >0945, I place sell stop at 0928 ONLY if 0933 position not opened, SL 0960 to be moved at BE at 0919.
Sell stop 1.09036 SL 0950 and, if triggered, my SL for , SL would be set at BE, 09117
Also, Sell stop 1.08834, where my 0903 would have SL set at BE.
The above are based on dynamic levels taken from ranging strategies based on 10min to 2H and will vary lightly with time. I will do my best to update them if anyone is interested.

Also, as with most Sell stops, they represent some potential because of prior price movements & ONLY if triggered, but what comes next also determines a lot of the potential.

Doing my best to pull my eyes away from the screen ! Hoping to not get a >0945 or <0850 before I get more sleep!
Ok, I think I am done for the day, going to grab a little of sun.
Cheers all, take care, trade safe and happy, helps with wallet and focus !

P.S still reading? hope it made sense !

Good Afternoon Traders

Hope you all doing well.... just found an interesting chart & thought I could share this with you...
Trade Safe
Happy Trading

EURUSD>>>>>>1.0816

Waiting for H1 to close.

I'm watching the usdx parity simultaneously. can be a leading indicator for early entry

It looks, that we're going to see a NEW low of the week today-tomorrow.

very early bear failure and same very early bull confirmation in hand now , waiting reach 1019 areas to see, old limit 1027 there , not that importance though !

Things I like to hear

Yesterday was a roller coaster of a day, but ended profitably. Had three buys running even through FOMC. News events don't scare me anymore. Bought one right at the bottom of that shake out candle during the 2:00 hour. Cashed out everything late yesterday evening.

Now I see liquidity being engineered on both sides of the market on the 1H, and only the bottom side has been taken out, so there's still a bit of a reason to go up again. Also it needs to re-balance up at 0960 or so. My overall higher time frame bias is still bearish, so 1.0630 is the precise target for me. Just don't think it'll get there today or tomorrow. Hopefully next week.

I agree but my personal belief is that is "may" happen this afternoon starting around 3ish and if it doesn't I'll wait until tomorrow's London session.