EURUSD only

You have not disappointed me my lovely-dovely bears. 70 pips profit

Exited my short before the mini consolidation. Should've kept some on, but I've never been good at partialling. Still got a good 1:3 or near abouts out of it.

Now I chill. May look at something tomorrow. Only AM Wednesday. Thursday off, then maybe Friday after NFP.

Cheerio.

My daily

we should go and retest 100 and 200ema again.

testing 100ema on daily now.

Update: closing another half here near the tl. Leaving the rest run while sl @ be

nice dump on the EUR bulls today

Too hawkish Powell may not able to hold for long time! Checking usdx, just trying to survive at the brim of tanking, just got 105.50 bulltaket. And next 106.5 + towards 107 to even but likely five very deep for the rest of the year most possible. Lets see.

anyway usdx not at in any great shape except the crazy and can push big hands , 50% fibs play and back over 107 possible as of normal pa if full correction doing , not more drama may ultimately happen and success ,, just too crazily breaks nominal correction signal level or 105.50 yesterday and more resistances ahead and too nearer than may acts too . for usdx 105.50 breaks as signal for more correction while correspondingly in eu 0481 , that still not break yet , again usdx may get resistance ahead , while eu to breaks and then next supports to acts on , say as early as 0454 or 0348. that is breaks and back signal in eu possible .

Going for a quick scalp long

TP = 1.0580 = 28% retracement of todays fall

SL = 1.0544 = 1 pip lower than the low.

Greetings! Back taking a look at the forum. Asian session is ticking slow, Just hit the 4hr order block near the bottom end resistance area. Will see at the London session if it will reject.

Looking at the closest Resistance areas and hence order blocks, there are blocks closer on the Bear side then the Bull. Be careful with the news tomorrow as it may be the catalyst that is needed to drive hard and fast lower. (Just fine if your on the correct side of it.)

Going to depend on what the banks want to do. Hopefully we just get a nice retracement and continuation, but people seem overly optimistic on what Powell had to say.

GL and Good Night. I'll try and post more as I'm back around the house again.

1.0533 was Hit, so I expect a bounce off the daily 100ma, some room below this zone for it to float. If it bounces, that will be the first rejection of the 1.04750 area. This may spawn a rally back too 1.0700+ but that would be a trick unless the smart money really wants to wash out the bears. Don't be surprised if it goes a little below then jumps back and continues up. 50% Retracement would bring us to the ~1.06100 area.

I see more orders in the low side, and the banks like to eat their lunch, so this is a wait and see for me! If we break that 100ma on the daily, clear sailing too the 200ma in the 1.0320 area. (Not without a few retracements and catch points naturally.)

Posted 4hr and 1D to show the order block succession. Next Major block on the 1D is WAY down there. Not reasonable to get that far down. Maybe in a few months.

Happy Trading!

Tp Here Will Sell again when bounce

Booked my previous shorts here with +80 pips.
I will reload at the daily pivot @ 1.05967
Target is daily first support @ 1.04987

looks last leg up above 0481 almost lost, so daily breaks and hold 0541 be enough to test 0481 low to more daily basis, 0454 target . while smaller tf may bounce having signal 0546 up to above 0573/87 to have next leg down.. take care

Today - NO RUSH! There's always a SURPRISE MOVE after a day like yesterday. Based on a Daily TF - I'm bullish today to the 50% of the last move

What a drop, Powell shaked EU for well for now so selling is still good as long as it is sitting below 1.0566/76 ... plus.

I am looking to go above all that -> 0637 but still I think I should test the bear also 1.0480 is still holding and price went some pips above 100 ma on the daily chart.

In the news I watch Lagarde & ADP Non-Farm Employment Change before Fed Powell speak for 2nd time, the volatility is 58 pips today.

Good luck!

I expect a bounce from this zone first, before continuing HIGHER to the 50%

What the day could bring with all this volatility around, maybe a real break below the neckline!

1.0600/11 + for sure!

ECB speaking soon, let's see if they're anything like the FED. My guess is that if they don't create a pump on the Euro we'll be at the mercy of the FED's testimony again.

And here is the 1H chart!

strategy for today will be to sell the bounce!