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EURUSD only

The chart closed the week above 1.0369 but below 1.0481 so still the price is in a consolidation mode.

I filtered out from the economic calendar these news for the next week: Wednesday EU CPI & Fed Chair Powell Speech, Thursday US Core PCE Price Index & Friday NFP. Many others news will be out and the volatility I expect EURUSD to travel at least is 148 pips.

The price may close above or below a level but if it closses back inside then it is considered a fake close and we should watch the developements because in this case EU may stay in this trading range for more - weekly chart.

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At the hourly chart EU should stay above at least 50% fibo level so the bulls can fade any drop at or below or rise above 1.0449 for a test of 1.0481.

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Have a great rest of the weekend!
Looking for profitable short term trades ...|
EURUSD shows good bullish movement. Most likely gap will be around the level of 1.03630.And after that a great up growth.
index weekly tf
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A small gap down and we are now at support (rising trendline from 1.0224)

where next?

1.0369 key support for bull today as per stated by Js3nwtRc above.

personally i remain favouring short but if we fail to close below then yea likely to see 1.05 or above
Patience, Emotion Control and Discipline.
Happy new trading week everyone !!!
Quoting mtako
... 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 ...
still digesting the 10th of November buffet . Follow above quote also brings you to my longer-term view, if interested which, for the most, still has not changed (>3H).

I also have a small update for the intraday duck/beak/triangle chart during my last passage:
Quoting mtako
...P.S If price opens and closes above the duck's beak, who will buy that candle's high's break with me? And what if that happens below the beak? Exciting triangle trading! {image} {image}
"Intraday bird beak traders" shorted this and did quite well! Alas, looks like a friendly fish (follow quote above for the fish!) transformed itself into a deep water shark ! And now that it is caught, let's make sure we bulls stay above the kissing bird's beak, or else, ranging magnet will pull the shark back in the water and perhaps, forever

Wishing the very best, warm, loving, fun trading week to all of you !

Oh, and saved the best for last : wishing to all success (no matter the results, if I followed my rules, that is successs, as the forest matters infinitely more than the tree!), !

P.S adding to my longs IF >0383. Buy Stop 0383 0393 0403 0430 0450
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
Quoting johncen
A small gap down and we are now at support (rising trendline from 1.0224) where next? 1.0369 key support for bull today as per stated by Js3nwtRc above. personally i remain favouring short but if we fail to close below then yea likely to see 1.05 or above
Got my first tp near 0340.

now i will be looking to reload near 0360

trying a scalp long here
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} Got my first tp near 0340. now i will be looking to reload near 0360 trying a scalp long here
Closed 0355 took 13
Patience, Emotion Control and Discipline.
Quoting mtako
no matter the results, if I followed my rules, that is successs, as the forest matters infinitely more than the tree!
Amazing! Yes, no matter what always follow your proven strategy because in the long-run it will bring success!
perfect pa as top ranging continues , nearest support 0250 while bull limit down for up 0088/93. take care
in smaller tf , it is still possible gap filling at 0396 before down also .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting johncen
{quote} Got my first tp near 0340. now i will be looking to reload near 0360 trying a scalp long here
didnt work -10
Patience, Emotion Control and Discipline.
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Good day and week! EURUSD failed after the opening but found some support at the low of the wedge and above 50% fibo and now looks like it wants to move further up at the upper side. Vol is 67 pips.

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Looking for profitable short term trades ...|
Quoting johncen
{quote} didnt work -10
Trying another short here 0383
Patience, Emotion Control and Discipline.
Quoting johncen
A small gap down and we are now at support (rising trendline from 1.0224) where next? 1.0369 key support for bull today as per stated by Js3nwtRc above. personally i remain favouring short but if we fail to close below then yea likely to see 1.05 or above
I find too many obstacles and hard for the EU to trend up or down today.
Looking for profitable short term trades ...|
Quoting Js3mwtRc
{quote} I find too many obstacles and hard for the EU to trend up or down today.
I know, I am a bit confused over the last couple of days as getting mixed signals. After reading your last post makes me worried haha dont wanna trade against you. I have closed most of my shorts already near 0340 keeping last one from 0440 ( that one should b pretty safe for now) and targeting 0100.
will probably scalping only for now. Tight sl around 10 pips each, take 20-30 and run
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} Trying another short here 0383
Looking for profitable short term trades ...|
Quoting johncen
{quote} Trying another short here 0383
Sl @ be now no risk

update: nah not working
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} I know, I am a bit confused over the last couple of days as getting mixed signals. After reading your last post makes me worried haha dont wanna trade against you. I have closed most of my shorts already near 0340 keeping last one from 0440 ( that one should b pretty safe for now) and targeting 0100. will probably scalping only for now. Tight sl around 10 pips each, take 20-30 and run
It will try to take out NY Fridays high at 1.0414. Good luck with your short!
Looking for profitable short term trades ...|
Quoting Js3mwtRc
{quote} It will try to take out NY Fridays high at 1.0414. Good luck with your short!
Small gap is now closed. Let see whats next. Haha i may regret of not taking 100 pips profit but its okay.

0410 is my ultimate gate for bear to remain alive.

i have 0396-98 as next level which may stop the bull. But again too many barriers for both side. Best to hit and run
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} Small gap is now closed. Let see whats next. Haha i may regret of not taking 100 pips profit but its okay. 0410 is my ultimate gate for bear to remain alive. i have 0396-98 as next level which may stop the bull. But again too many barriers for both side. Best to hit and run
i see that bulls currently is doing the fake move up, just only matter of time for bears to smash it suddenly.
i'm short from 1.0381 - 1.0382 and will add all the way up with target 1.031 - 1.032..
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