EURUSD only

When is EURO gonna get an inverted pumps seems sleeping.. lol

Quick Weekly Outlook

1. The first thing I see on this chart is the sell pressure around red trendline: 1.0698-1.0715...This zone is my main resistance and it affects our super-bulls like kryptonite. Now, that said, it doesn't mean price will immediately drop as soon as market opens... No! Please remember that I am talking about the weekly timeframe, where things develop much slower than intraday...
2. Now, with current picture in mind (and by focusing on intraday structures), we must wait until bulls retest 1.0632... That's my nearest resistance sitting some 16 pips above current price.. Bulls probably will start attacking that level and it needs to be properly retested.
3. If bulls succeed after retest, their next target would be the red trendline zone as mentioned earlier..
4. If bulls fail and price drops below my nearest support: 1.0597, then we can start making plans for the long expected big correction.. The weekly had so many consecutive bullish candles that many traders are surely craving for this big correction.. This demand is used by robber banks to push price higher so we must be very careful not to fall into the pit of wishful thinking. Best is always to go step by step...
5. Long story short: As long as intraday price is roughly above 1.0597, I will trade carefully in a slightly bullish fashion. Overall, I will start as a buyer but might become a seller throughout the week, since I mainly trade based on the M30 chart, I adapt quickly anyway.. The chart below could serve as a main guide for the next 2 weeks... So feel free to make use of it...

Best wishes

holiday! finance people have the best jobs

anyway, happy holidays everybody

Same to you
I think we're still in the same situation.
If you want to trade EURUSD, it seems rational to only enter at range extremes (see H4) for the time being.
At this time of year, though, one could also simply wait for a real BO.

You may well be right with your prediction. All I am saying: it is - right now - too early to tell:
(update: as the next day clearly shows: prediction before confirmation is a risky game; it broke out upwards - maybe fake but nevertheless)

Merry Christmas to you too and a Fruitful 2023..

Fibonacci Weekly

Thank you! Good idea and sound promising, Idea buy: 1.1940-10 which is above trendline or channel?

I am selling below 1.0514 to 1.0345..
But at the moment, I buying to 1.0740

I'm expecting a retrace more than upside

keep in mind what week it is, brokers will be hunting stop losses.

You have a valid point here..

dumb comment

Where is all the big money flowing tonight??? hmmmmmmmmm

you must be a broker

so test 0662 and breaks next at least for 0680+- possible next .now earli limit down 0649. take care

Good day and week all! EU may have not seen the high yet - 1.0686 or 1.0713 above a break of 1.0663 and the rising trendline. Todays volatility is 55 pips. Green pips!

What if the Euro still rise even *higher* ¿¿

Seems like euro wants higher, if we close above 0662