EURUSD only

Hello Everyone, adding short here, to me longer term looks promising on daily chart pin bar sitting in right place. SL 1.498 TP1:1.022 TP2:Open

Hello,

It is my first time sharing my thoughts. So, here it is:
1. Weekly formed LH and Daily freshly formed HH. It is an opportunity to sell.
2. 1 HR formed a bearish hidden divergence to confirm a bearish trend for coming weeks.
3. If you go short, it is favorable to hold your position longer due to positive swap for sell.
4. Place your profit target at the "trigger zone" which is the previous LH (DAILY: 1.02077) for maximum profit

Happy pip hunting!

Nothing has changed since my latest post.. 1.0353 is still my nearest resistance.. One who shorted that level could move stop to breakeven and hope for bearish continuation.. Nothing else to do... Zzzzzz....

Good morning all,

seems like we are still within the range, will be waiting for daily close to see.

another try ...

Looks promising this time

It looks like it will correct a little now and go to 1.0600

in your opinion, what is the reason for this price growth to 1.0600?

Tomorrow J. Powell will speak and the market will react, most probably in the advance of the US$.

Update: reached my level 0320 but not closed under meaning we are back within the range

long euro

End of November today. Time to wind down some trades for Christmas holidays.

We'll have some good volatility tomorrow and Friday, then mid-Dec. That's to say, we could've a good US ISM, a better than expected non-farm, then a hawkish Fed. Market was expecting the opposite, on Fed, so to speak.

If we've three highly positive cases for USD, then it's likely we'll see EURUSD bottom out at parity. If two out of three are bullish, then it's likely EURUSD will still see some bearish actions. Even in the case when NFP, ISM and FOMC all disappoint, it's Dec, funds and dealers need to close their Q4 trades. Either way, we could see investors buying back US dollar, just for that temporary safety into the new year.

We just had a very potent rally (arrowed, VP) after Nov-CPI: 500-pips after price bounced off the 50-SMA line. The current trend (let's just call it two mountains), was nothing different from the one we saw back in mid-Aug '22. The last three week's was just the stretched out version. We could see price dip to rapidly flattening out 200-SMA at 1.01. Vertical series numbers are just the long positions I had placed previously and closed when price rose above them. I don't see any real prospect of price dipping down to 1-4 this market cycle. So, I'll add my longs at intervals from 8 down to 5. Parity is a closely watched line, not because price will go lower, but the fact that I'll add longs are enough for me to stay awake watching.

4htf opposite look

Still up but watch it can fall down to 1.0280/50. Volatility is the same - 79 pips

reversed to short

what you need to do is to reverse this wrong decision.

we'll see ...

Hey Ata, did you mean a squeeze to the upside or downside?

There is a possibility of upward movement