EURUSD

So far so good. . . .

BP 5' --- So far so good on all fronts .

E. and BP 5' --- I stay the course. . . . SL as shown , far away .

sTILL SHORT. . . . SL is not far....at 1.03 83 .

The Dollar is hitting resistance soon. Looking for a 4 hr channel coming up before the FED sends us north IMO. EUS/USD should top out soon before finishing this channel then bounce around before we move past prev lows starting on or before next Fri during the Asian session.

The Fed will of course "save the dollar", so when this bottoms out Crypto should be ripe.

Rack up and stock up!

Stoped.....but reentered short . . .SL at 103 94

SL hit . . . . Reversed to long with SL at 1.03 40

Reversed to short . . .

Exited all positions. >>> FLAT.

I'm still a junior member so I can't really post unless I quote another post so I decided to quote your post instead. Sorry for this.


The price looks like it's going to go down after getting in the vicinity of the supply area on the monthly time frame. If the price really could not break this area then the option is for the price to go down to the previous demand area. The price already ran for more than 600 pips so I think those who held since it's below the parity level might unwind their positions and cause the price to go down for a bit before resuming upward again. If however, the price can overcome the supply area above the where the price currently is, then we might see it soar even further up.

I suspect we got a low here on Fri. close. --- I ll see how it opens and decide what to do. Just a thought . . . Have a great week , crew.

Same with BP . . . .

On the EURUSD daily time frame, bears are resisting a bullish retest of the 1.04890/1.03820 supply (magenta). As this is proximal to the 1.06110/1.04640 weekly supply, we may see another bullish charge, but a southward rotation is imminent.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Took a long now ,here. . . .

...Closed it ASAP........

Eurusd long tp 1.02500

EUR/USD's rebound looked to have stalled at the 200-day MA last week, and with Flash PMIs on Wednesday expected to reflect further economic slowing in the Eurozone, the Euro could come under some selling pressure this week. Not to mention, the greenback also rallied on safe-haven flows yesterday after the COVID news in China. So this combination could act as a catalyst for a new leg lower from here.

Of course, all trading carries risk, and FOMC Minutes on Wednesday will also be worth watching as any signals of a slowdown in the Fed's hiking cycle may spark another pullback in the Dollar, and support EUR/USD as a result.

JY 5' --- Longed as shown . . . .

BP 5' --- Short with SL as shown . . . .

Stoped in JY . Stoped in BP , too . . . .