EURUSD only

Error m15 & m30 & h1.

Very sad.

Eu < 1.065xx

Using the andrew's pitchfork tool, there was a 7 degree upward momentum, and we saw how price had an upward reaction at the demand zone. When price shot up, we saw how it reached the andrews pitchfork median line. Market geometry at play.

From here on forward, if bulls can keep price above 1.0580, all good!

Will be back after London opening.. Cheers

Price closed above 0584.5. Bulls dont want it closing below now. A test of 0651 looks to be near. FOMC usually continues. Since this move started, most up retraces missed a normal mark. What happens at 0651 unknown. But bulls don't want pa closing below 0584.5 or 0506.8. I wanted to swing for 0835.5. But i may settle for closing 0651. Than start scalping. ATm high at 0641.. We may have the chance to witness this shortly.

bear pennant looking.

Daily S/R Levels for Thursday

I didn't bother to draw the whole thing and this time I simply focus only on what matters most... As always, I will keep it as basic as it gets:

1. Worst potential lows for buyers: If bulls can keep it roughly above 1.0565, bullishness can continue!
2. The dashed median line on chart is the balance area of bearish trend .. We can see that 1.0606 is highly important for TODAY and bulls have already achieved a candle close above it (via the Wednesday candle!) Which means: by the end of today we either will have a boring, indecisive doji candle or a new big ass bull candle will erect, that tries to reach 1.07 area!
3. The overall bull target probably sits around 1.0755 (i.e. around the green ma line)
4. Bears have to keep price below 1.0606 at all cost if they want bearish continuation.

That's all for now.. I hope it helps..

Error.

Come back : 1.05098........1.04590

( Nonfarm tomorrow. )

DXY WILL TOUCH 104.363. ( MAX DXY )

just checking what happened yesterday , no great decision , played riskless spaces for the further correction and wonder the whole market movers are actually perfect news trader and use to do at and after the news only , no pre set ups technically !!not knew what news was though !now see as ok as per forecast , good with worst outcome !
anyway once done up ,the limit down stand 0592 real /63 as nominal / names sack for further up for next bull target 0671, if no respect limits then much lower . final limits up remain 0756, tl can be 0696 and next 0890 not taking in consideration as may not any straight line or without new lows . when bear it be further deep ! take care
usdx also similar situation , pennant lost , correction down to very last move up last , lost the lest leg up in extension 102,52 , so next support goes to 102.24 while limits down for up 101.85, limits up for further down 102.81 , and nominal 103.05.
so so all to correct again again yesterday move and to see if save the good limit for further move !!the 102.81 limit already broken

Buy closed.
1.04716.......1.04590 buy again.

DXY : up and down

Not my view... but still valuable info with this guy.. I hope it helps

EU : 1.049XX OK BUY AGAIN.

Very sad for me if EU come back 1.047 or 1.04590



EU M5 VIEW :

all ups and down again ! pa on sharp edges , once broken 0591, it should down 0581 where 0572 , 63 limits again in place to up . that is no clear bull in situ , just going crazy self defense activities limiting great tanking ! lets see

this is with slightly different parameters (setting)

Will continue LOWER. IMO
All even - NO divergence yet.
BUT this is only the retracement because MAIN BIAS is still BULLISH.

Missed all the action yesterday but I'm a bear on EU for awhile (longer time frames)

Today I'm looking for 1 or 2 possible short positions:

1.Sell at the 38% retracement of the move from yesterday 1.0649

or

2. Sell on a break of the 1.0695 region.

This is an important difference for me (personally). In the past I would be looking to go long from 1.06 with TP of 1.0640 before selling at 1.0649 - ie win going up and win coming down.

My problem was that I would go long and it would reach 1.0630 before reversing and wiping out my profits. Therefore whatever my weekly bias that is the ONLY direction I will trade it whether is is day swing or scalping - only in the weekly direction.

My SL would be 20 pips from entry with a TP open

Green Pips to all!

@fontu :

AB = 350 pips.

EU can't up now.

The market have to scan the bottom line about 2 or 3 weeks.

We'll meet 1.049xx........ 1.047........1.04590 again.

Bear pennant broke down to test 0584.5 again.

My Final Pic.

EU < 1.050xx


I'm bored.