EURUSD only

Next FOMC is on 14th Dec, Wed just the protocoll of the last FOMC.

im feeling bear on this one guys, 4hr-wise

I open here my first long from bottom of ranging Heaven 0306

Going pretty aggressive till 0330 . Wish me luck! as scalping bears are stubborn up to now. Cheers all, happy trading week !

We bounced off from where the trendline is.

As we can see through the bird's beak(see above post), the ranging has been tightening for now but will for certain widen again, as volatility always comes back.

Sometimes Volatility comes back even stronger than usual, especially if growing in-trend and when momentum has not been shaken yet, which, for me, is the case for this upmove from 1H to Daily.

And with the recent growth in bull volatility this second last week, and without any comparable bear movement since, bulls are still in great shape and still have the potential to continue their rampage.

The upmove lost a tiny bit more momentum and bears grabbed a little of that, as we can see happening now. Though nothing of significance yet, especially in rangebound cycles like these, when it is typical for the range to shift up and down, grow and shrink... Nonetheless, it is sometimes the tiniest drop that spills the glass, and we are still in a longer-term down movement with much potential. So keeping my eyes peeled for opportunities both ways, and preparing for the best as well as the worst possible outcomes, and all of what can happen in the middle.

Bears are still needing some decent lower lows(1H openings and closings below last weeks low at least !).

Whereas bulls have broken through significant levels for the first time in over a year, and are still up above, leaving them a bit more room to fail if they are to prevail.

Traders are still digesting the first unequivocal +400 counter trend week we've had in this year and a half long downtrend : last week's body is not even 1/10th of the previous week ! Very significant this moment is .


Looks like our duck's beak (triangle) is still getting threatened! Although less tastier then wedges, I sure love triangles, especially when they are symmetrical. So well done bears for bringing some symmetry in not only last Thursday: , but also Monday, Tuesday and Friday. Question is, will bulls counter that symmetry from here again ? or is this the start of the end for this impressive up adventure?!

Thing is, as always when it is so silent, there is a violent crash in store, and we have to prepare accordingly!!!

Earlier I shared a bit of my near term view, more at the 1H, and I forgot to share zoom *2 and *12 to see the Lama and the future battles north, if that is where it continues heading!

Ready to long a second time and perhaps more: Buy stop 02994 0313 0321 0327 0339 0350

To me support is now broken, waiting for new low.

I have closed some shorts at the trendline. Oh well all about protrcting my profits

Bought a third here 0289, and putting it all on auto-pilot. Going out for breakfast with a friend = possible heart attack, but a hell of a great time ! All would be at BE once Fridays high broken... Cheers all !

on the same boat here. Counting on that bullish flag. SL: 1H close below 1.028 or a break of 1.027

Maybe I'm gonna Buy around 1.0200 and 1.0180

Good evening friends, price is now trading at the demand zone, we might get that pre London fakeout before most likely continue dumping. Looking at the candle volatility, price is coming down very strong. Price pierce the demand zone with no signs of loosing strength, If anybody is buying, I would suggest to wait for a fakeout or liquidity grab, but at this moment, the safe and educated bias is to the downside. Sellers are reaching the median line of the fork meaning that sellers have exhausted energy, and we might see a push from buyers for an opportunity to go short.

wow that went quick, retailers now net long at 52%.

https://fxssi.com/tools/current-ratio

ok top ranging play , nearest support goes to 0248 and 0140 , while limit down for all up 0093 intact and target still up ultimately apparently. let do first things first now correct as far possible down , risky to take now , so to wait when restart bull as only one way play for me . ,take care

Back. I was pleased price did go up to levels I expected, while I was away.

Now, w/o significant news triggers, this EURUSD is likely to trade range bound between $1 and $1.04 in coming days, for the rest of November.

Price can drop to parity this and next week. That means I'll add more longs to it. I did close some trades last week, 7 or 8 positions I believed, averaging 100 pips each. Now I have 14 positions, all in profits already. I'll not add any while price stays above my 161% Fib. Between 161% and 200%, I'll add two longs. Below that, 3 to 4 trades all the way to 0.995.

With FOMC expecting to slow down to 50 bps in Dec '22, I suspect we'll not see 0.95 again this market cycle. If you had picked up Euro at that cheap price, then congrats!

I post it because it makes the market risk averse and may cause volatility from traders who want to exit from posible changes on the statement and also I am sure many will want to jump in at signs of a pivot from the fed.

The most importand FOMC will be at 14 Dec as you mention but this is far away for the week.

And my chart now,

next level 0260 but would aim for 0200.

we can continue to short as long as this steep downward tl holds

pa smaller tf , watching

Buy Grid 1.0226 - 1.0231

Meanwhile, on M30...

1. After some choppy times now we are enjoying a nice bear trend..
2. I am marking 1.0275 as nearest resistance..
3. No signs of bulls yet!

Happy new trading week to all