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EURUSD only

Meanwhile, on H4...

  1. Okay folks, now since there is only 30 minutes left until the current H4 candle closes on my broker, we could anticipate that breakout from my pitchfork channel is (going to be) confirmed.
  2. Once that happens, I think, the median line of my new pitchfork channel (dotted) would be still the overall bear target for today. The potential touch to the dotted median line would occur roughly around 1.0642/32!
  3. Of course, there is also the possibility of bears giving a brief pause. That could open the possibility of a revisit to the most recent breakout location: 1.0679 area, and even higher towards the upper edge of my new pitchfork channel: 1.0695 area. However, to me that is secondary for now, because I am still noticing sufficient bearish momentum that can keep bears rolling. Still though, just keep the breakout area and mentioned highs in the back of your heads for later use!

My two cents

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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: -20.6%
Quoting Ata-Turkoglu
Meanwhile, on H4... Okay folks, now since there is only 30 minutes left until the current H4 candle closes on my broker, we could anticipate that breakout from my pitchfork channel is (going to be) confirmed. Once that happens, I think, the median line of my new pitchfork channel (dotted) would be still the overall bear target for today. The potential touch to the dotted median line would occur roughly around 1.0642/32! Of course, there is also the possibility of bears giving a brief pause. That could open the possibility of a revisit to the most...
This is more than two cents, much more like a dollar . Appreciate it as always Ata.
"Risks Are Better Than Regrets"
Quoting TheWolf
Remember people! No High-Impact News, No Trade! Just doing this will save you a LOT of money.
You mean, NO trading during HIGH IMPACT NEWS???
Preparing to close my sell entry and going long !
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Quoting andvk74
{quote} You mean, NO trading during HIGH IMPACT NEWS???
I meant to say.. if there is no High-Impact News on any particular day for the pair you are trading, then avoid trading, do not trade at all. No news, no moves.
On M15, my long-term wma-800 line is interfering with bear momentum, which I was easily able to notice hours ago...

So, now it is sort of a mini-decision time before Asian session starts: Will bears continue further? If yes, then they have to break below 1.0650 to do so... Otherwise, a tiny bounce to retest 1.0662 area will occur first... Let's see..

*Bounce happened already while I was prepping this post... No problem.. I posted it anyway It is still decision area..
**For me personally, spread is not fun anymore.. therefore I am calling it a day.. Trade safe folks and hopefully we meet again tomorrow
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: -20.6%
It will be a small correction to the green zone in 30 Frame and testing 50 zone in my indicator in H1 FRAME and after i will enter long
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Hmm, this is still bullish, the bears will have to wait a bit longer it seems.

Guy
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Let's see if the strong buyers are still there.... price finally at demand zone.
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Closing all my sell positions and waiting for the price touching the green zone for Buy entry ! <3
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
My chart for now. We are between 0680 and 0650
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update i have taken a short @ 06752 sl 10 pips to 0650
Patience, Emotion Control and Discipline.
Quoting johncen
My chart for now. We are between 0680 and 0650 {image} update i have taken a short @ 06752 sl 10 pips to 0650
I have also taken a short position due to the same data.
Quoting v2vboni
{quote} ...moved position to SL+ Now, time to rest... Inshallah! May our hopes turns to wishes... And may our wishes come true! Happy New Year! (or Dear if you have a new one) ; )= {image}
...my positions @ post time: TP: 1.06610
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
Sold EU here at 1.0679 SL 25 points target open
PaRaM
Quoting v2vboni
{quote} ...my positions @ post time: TP: 1.06610 {image}
Now, only with pending positions @ post time. I'll check it back on or around the Frankfurt Fx Fixings if these pending positions got triggered or still a viable pending/open entries.

Sell the highs with TP @ 1.06420

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
tp x6244
Quoting pgidia
Sold EU here at 1.0679 SL 25 points target open
Now moved SL to BE

and TP is 1.0629
PaRaM
Happy New Year to all! EU is falling from yesterday but its going to find support sooner or later around the 200 hourly ma and the falling wedge low, the pips I expect today for it to move are 62 and in the news German Prelim CPI's are to watch for any clues. Also 1.0713/35 should cap any upside yet. Good luck!

1 Hour chart
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Feels right this time!
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