EURUSD only

Active

now pa , 0966 still not safe , even 0985 broken ! retest 0986 and hold needed to have reversal attempt!

Watching this 4 hours close below the trend line which is coming from 1.07129 low in about 10 min. A break is targeting 1.0942 and then 1.0909.



Now only is left is a break of 1.09667 for a ride down but a close above the same trendline and 1.1000/05 will cancel any downside view and bring back 1053 as a bull target!

Little short scalp
Entered long 09656, for a short scalp also

Looking at the charts and what goes on on the round I would be careful with long hopes. For me a medium term trend change is developing!!

The ECB decision only to raise a quarter full point was negatively received. and the price action accordingly did not broke up to new heights. And the payroll was strong too. Subsequently it went down and knocked on ( and bounced) on the 1.096xx support area.

But what I see that the profis used the weekend to let the past week sink in... and what I hear form the serious professional players is not pro Euro. Actually they start thinking twice about what Powell said (data depended) and look now for tomorrow's CPI!
Because what Powell said "... we transit from actively confronting inflation to data dependent action..." means NOT pivot (that what the market initially interpreted). It might mean that Powell still keeps hiking if the data show that way.
This is the reason the week started on a down note. And that plays well along with the charts -> in particular the weekly one.


so... for today - tomorrow I see more down side action to 1.093xx and if the CPI comes in stronger or even as expected... then more down to 1.071xx/1.066xx

As for me, trading is only for scalping or short term swing trading. ( thanx for the advice )
Entered also 09634

That's fully ok. I do scalping occasionally too.
But I learned on the hard way that scalping against the medium trend can be tricky and the potential scalpable moves are stronger when aligned with the medium trend.
Finger's crossed

Friends, i think it should go around 1.0920. Bearish signals on the 1 hr chart.

We are heading to 1.0929 the other 2 levels where I expect complete reversal are:
1.0895 and 1.0860.
1.0972 should turn into resistance.
These last 2 supports have fib confluence H4 and D1, so a bounce at least and opp to move stops.
We probably going to see the conclusion of the pattern during CPI release as they tend to be quite volatile.

Closed manually all longs for little profit.
Thank God, no loss today

Ladies and gentleman, we hit liquidity and the price is nu being oversold. A buy is the option right now

checking pa to find any place to join again! decisively broken down , below weekly doji low level 0941 , may fight for daily close for 0933 or 0951 today ! target weekly goes to supports 0908 down to 0885 to 0870/30. lets see now where in smaller tf then ! take care
fontu

in lower tf limit 0957 breaks to test 0966, one previous low and now limit and 0972 limit and tl next around 0980. breaks and hold this 0972 will reversal start possible ! so playing for 0972 or 0980 as far possible !

Can you elaborate more?

What is your entry price, stop loss and profit target?

First bounce for about 20 pips from the first support may be over and with a break of 0941 a second target is opening > 0909. Above 0967/70 it can continue at 0990/1000.

Meanwhile, on H1...

Bears did well so far... I closed my sell orders and now prefer to wait on sidelines..

From here on forwards I would like to flow with bears as long as H1 candles stay below 1.0975 area.. (Scenario 1)

*However, if bulls violate my sell point, I would switch back to bullish temporarily to see how strong 1.1020 area resists. (Scenario 2)

Entry price 1.09436
Stop Loss 1.09400
Target 1,2,3: 1.09860 ; 1.10000 ; 1.10450

There is a lot of liquidity now above the current price and as we all know story repeats itself, everytime the candles touched 1.09440 resistance it bounces off into a buy !!

Good evening,
i'm taking a first long Here around 0954...



Best
Chriss

will add more strength in learning how to draw this tls it gives a clear picture