EURUSD only

I have a trade explorer just for that, that's why I don't feel the need to share sell entries.. and currently 2 of my orders are under drawdown..

I want to open the 3rd one right at 1.0312 but price hasn't reached it yet.. so either I watch price drop (since I am already short) or if it goes up again and touches 1.0312 I enter a 3rd short.. Time will tell..

I can keep drawing arrows The price is falling inside this channel.

This is my only concern (top right chart) We might get a bounce UP, before going DOWN.

there is not enough strength to update the local maximum of 1.0368. Today there is no strong news and probably EUR/USD is waiting for a correction to the area of 1.0274. In addition, next week, investors will be waiting for the release of statistics on inflation in the Eurozone, which, according to forecasts, will show the first signs of a slowdown and this puts pressure on the euro.


UPD: Also, San Francisco Federal Reserve Bank President Mary Daly said on Thursday that a 50 basis point rate hike in September is possible based on the latest economic data, but a 75 bp increase is also possible if the data so requires, as the latest inflation data may be premature.

You can mark 1.0309 as a decision point on your chart, price may bounce up, or down from there

I hear you... but there is always the "momentum" factor that can help bears... Let's see..

*Below are my short-term M30 levels for the next hour or so.. I keep it as simple as it gets..

I am confident in bears today.

A look at options expiries for today: https://www.forexlive.com/Orders/fx-...-cut-20220811/

Don't think it will be much above 1.03 anytime soon and getting closer to NY cut they might push it down a bit more.

I'm looking at 1.02400 for purchase, Tp 1.03800/1.03900

Likely when changes so fast, 0304 failied but limit 0310 intact for further lows!! Anyway if puzzled or waves becoming complex to be counted channel and patterns come forwards! So function of channels! Present leg may down to 0275 critical area of this present week

Closed manually at 0290

Come on bears you can do it... 3 more minutes until H1 candle close below nearest bump 1.0292.. push push....

waiting to see if 1.028 decisively breaks before adding more shorts since it could still bounce up

my expectation

If it bounces up, so be it, I would sell right where your arrow points at...

BUT for now, 1.0308 is my nearest resistance based on H1... While below I stay bearish!

Happy trading day, God willing.
I am still learning from the gentlemen here Do I see this analysis
Wolf waves

Will I get an answer?

You can change the level to 1.0298 now.

Go bears go! Go bears go!

Yeah. Short target on 1.025

Let see if we bounce 1.0280 level again or make a move downwards. Again overall bearish.