EURUSD only

my idea

Sell stop 1.08994

We have a very big week ahead of us. Maybe only Friday things could fall back into place and we could have a breather.

My own last shorts needed to be closed Friday after the first sign of failure of the very important 0830s. What followed was a way too deep return into the 15min-1H ranging zone after a new weekly low, which increased the probability of the day that there would be no significant continuance. Of course, in that instance, a potentially market moving weekend + week-to-come news for both EU and USD, did affect my managing a bit, but only for 2 out of many positions.

I am now waiting to see how price dances >0920 and/or <0890 To probably start seriously getting back into those shorts.

Being a 99% technical trader, I am still focusing on down's momentum and price's >month long repeated failures to get back and stay >.11.
Potential for a straight <.07 is still very real (straight = without another >.1) nor will I ignore the potential for a proper >1040 correction, which would be a typical change in dynamics before down continuance also. One step at a time...Also, just as much chances that it will get stuck into endless volatility wars. Will be watching 0930s or 0830s extra carefully. Thankfully, the quality of the downtrend and momentum(12h-1D) are still of great quality. But we need to wait the potentially impactful news Tuesday, Wednesday AND Thursday for any worth >1D ATR TPs trades, in my opinion. So I better still keep those stops and TPs extra tight and keep a couple at BE; except for my longer-term positions...

Alright I am done readjusting everything... bed time !

I wish everyone a nice week.

respects

Hey, guys,
I'm aiming for 1.11100 for this week... buy limit 1.08750.
happy week to all !!

Renko 11R

SL moved at BE. 2H pullback setup. Sell Stop 08786, SL20

Sell stop 1.08688 and 1.08582, the 4H candle that triggers them has to close below them both or I am out of those two... This could be a very fine 4H momentum in trend trade !

Bears might just contain this bull after all, and make another attempt at the low. But it's still too little too early

This moment is my own first crucial one of the day. A first significant move often starts by one of these attempts to get out of an important zone and fails one too many times. And >3H momentum is still of the finest blend (Sorry, my expresso machine broke...), meaning that it could be the time that it simply discharges the charges it has been building up slowly the last 3 seemingly stalling trading days!

Perhaps we won't even see .09 again if this latest resistance holds firm here, again(Friday's 0880s fails brought upon a new low after all, + its significance as support going way back is not to be ignored).

But, intraday, it is still pretty much a coin toss, in my opinion. Especially as long as we are 0870-0910.

Probable pa now, correct /fill 0873 down towards 0846 to bounce further up! May go just above 0893 before 0873.

However we r around historical monthly trend line
Bear need to have enough power to break

Bears need to break 1.0887 - 1.0878 - 1.0865. This zone is both SnR. If we don't see a 4hr close above 1.0878 later today i.e before US open, then more downside to 1.0840 and possibly new low.

To avoid ranging (right now would be about the starting middle) or a bulls take over all the way >0930, 1H really needs NOT close above 0895 more than once

Common bears, let's keep this within Friday's levels, at least !

I expect a strong up move for EU this week. Will know if I am right at Friday. See you then!

yah same here mate.. last week was slugish..so to speak. But we will take what ever the market will give us.

I don't use it, but average ratio has gone up even more. Every day it has been going up, as price has been making steady new lows. I wonder when it will reverse... I say like you emmaelandi so often, We take what we can of what the market gives!

More EU data from back its inception. According to this graph support is lower - around 1.0600, can't see the exact number.





https://tradingeconomics.com/euro-area/currency

I love that we are taking out the largest guns ! I think it is worth nothing that, on that scale, we could probably add, at minimum, -+400 pips.

Selling the low -2ticks of the last 1H ! breaking all previous 3 in the next hour is my sweetest dream

Beware bear the return above 0895 from here! 1h would finally start having some up momentum along with its smaller friends

Closed this guy early -5 76-80 support stubborn too long!!!