EURUSD only

" It is heavily controlled by those with the big pockets. How come before big news price rises to resistance or sits on support every single time?"

I agree with you it is clearly manipulation.

update

Managed to bag a 2% gain today all on buy positions during this monstrosity of a downtrend lol

Hi,
Investments are running to Dollar. A draining flow of money out of the EU. This does weaken. No Change for now - so no real upmove possible

Best
Chriss

261 Fibo

️ have a nice weekend all. need a relaxing

reached my zone way quicker than i thought. haven't seen speed like this since well... never.

hard to say it's gonna do anything but just keep going down for another 200pips

good thing i have bags full of margin.... gonna take the weekend off and work on my algobots...

TP ed all Sell, starting Buy 0.9693

Never thought it can drop so fast. 1D trend lines tell me that it may have further down next week breaking 0.96 even 0.95 then bounce back. But next month, war in Ukraine may be more intensified, so it's hard to see when a bounce back to 0.98 can happen.

Hello to all forum members, I will immediately inform you that I am using an interpreter, so I apologize for any mistakes. So far, I have only read the forum and because I am new, I gained knowledge from it for which I would like to thank everyone.
After what happened on Friday, I was wondering how the candle looks on the weekly usd index and the value of the volume (tick chart). A question for the more experienced ... aren't we distributing and dressing the street in dollars here?

EURUSD droped hard last week where a smaller drop could be expected, but with the FED raising another 0.75% its Interest Rate price leaded to this bigger fall (see Daily graph).

The price droped hard to almost the Monthly S2 level and we may see more downside to around 0.9500 next week, but first 0.9600 round number must give up, or we may see a bounce up to 0.9770 from there. Of-course a bounce can happen from any other level, so the price may not fall and just rise from Monday - I expect EURUSD to reach at 0.9860 at this scenario.

Anyway the price is bearish and it is good to sell any upside correction towards resistance levels on smaller timeframes below, or to 0.9900 and 1.0050. 50 and 100 ma's are a guide for this downtrend.

Volatility is higher and can reach to 171 pips and further. Monthly end flows will decide if, we see much more pips above this number and of-course the news flow. Next week at the end EU will publish its CPI numbers, so its good to watch that from the calendar.




Have a great rest of the weekend!

Long term view

Sorry traders for this post, I get some pm's, I don't answer to personal messages, but I will answer here any question I can help and if, you like ask here any technical, or fundamental problem you have thanks!

To all beef lovers, your steaks can get really, really cold. Basically, 0.85 is a support, you can bet on that.
It is not meant ironic. This is just the big picture where an intraday connoisseur can still find heaps of long trades for sure.

18/20 - today I watch 9810 and 9669 for action