EURUSD only

Trade is a thing only you can study and know the language

absolutely right you said!

I agree. I am opening some shorts in the 1.0960 to 1.0975 area. It could make it up to 1.10 on this run but it is unlikely.
I think it will drop to the 1.0860 to 1.0900 in the next few days. Going forward, I see a big drop in April.

No longer valid, too deep of a pullback. I'm not saying it won't get there I'm just saying that time and movement invalidate that trade for me.

1.0939-36 for more longs 10 pips sl target 1.10.
Test of 1.0948 should be here soon.
110 pips for the week so far.
H4 chart.

They like to keep it interesting. That level will get at least a touch, Euro usually don't leave these levels behind.

My "two cents" : A case for Bears after almost 4 days of price movement: LH-LL (H1>H2>H3)-(L1>L2>L3), L3=Target

Hello apscalp my good sir,

I just saw your post, as a member of FF I am interested as to what your talking about! Please divulge what you are looking for within your screenshot (apart from obvious high's and lows) and please explain the significance of each level, would be greatly appreciated my friend. I am always looking to understand other traders methods of analysing the market, you can look at my threads - all based on how I view the market! If you don't wanna post publicly, send me a PM and i'll return the favour

I'd follow that

[quote=makingmoves;14793034]{quote} ... I am interested as to what your talking about! Please divulge what you are looking for within your screenshot (apart from obvious high's and lows) and please explain the significance of each level, would be greatly appreciated my friend. I am always looking to understand other traders methods of analysing the market, ...

Hello,
my interpretation of the market is based on swing trading - with all due respect to many excellent scalpers on this thread that I have learned SOOOO MUUUUCH from!!!!!!!!

To your question: there is basically no significance in any level I have drawn (except one which I will address bellow). The significance is - in their relationship. If Bulls do not take out the previous High, that is, to me, lack of strength (momentum) on their part (unless they "play dead"). That is more significant as the time goes by,
Looking into Bears' action, if Bears take out previous Low, that is, to me, that Bears' strength (momentum) is growing.

The only significant level is "L3", in spite the fact, that may be still far from here. ( Warning: FOREX can take-up on nuclear speed any direction, any moment.) Look at the chart bellow, the light blue rectangle, March 6/7 and March 12. March 6/7=resistance (R); March 7=R broken, March 12 R turned to Support. The question is - will this support withstand???

Next - the Fibo: My analysis will take more validity, if the price drops bellow 50-61.8%. Then we will see 1.0900s and bellow.

Finally, look at the circles on downward channel. It has been said many times, "There is no 4th [rejection]".

In conclusion; iF PRICE DROPS BELLOW FIBO 50, 61.8, and 100, we may see lower prices.

For now, I will be a Buyer on any retracement AFTER the price takes out "H3", or a Seller on any retracement AFTER the price drops bellow Fibo 50-61.8%. Up until then, my analysis is JUST A THEORY with some %%% of probability.

(1.0946) Is offering support, Let's see how long!!

This is what I thought might happen earlier today. Glad I hung around.

Then the news comes in...and right when things were going so well

Dollar seems to be quite weak even hot CPI did not help it. The PPI and Retail Sales will make the situation worse and EURUSD might shoot to 1.1040 this week if we see any surprise in the data.

My "two cents": A case for USD (DXY) Bulls after 7-8 days of price movement.

Starting with nice and clean DXY chart. DXY carries a lot of weight on EURUSD pair

When we transpose Ichimoku on the chart and applying the rules of Ichimoku interpretations, we'll see the following:
1, After 4-5 days of solid down trend, the price reverses and enters Ichimoku bearish cloud,
2, Price manages to exit the cloud upward - technically, starting a bullish trend,
3, Price HOOVERS over bearish cloud - an evidence of bullish trend,
4, Price hoovers over bullish cloud - an evidence of bullish trend,
5, Price turning south, BUT still staying within a bullish cloud - a support for bullishness,
6, Bullish trend remains for as long as the price:
a) stays within the "protection" of that bullish cloud, and in the future,
b) remains above a bullish cloud, and
c) does not breaks bellow a bearish cloud.

Fibo: the price has RETRACED to 50-61.8% and for as long as it does not drop bellow that on closing 1D candle, USD Bulls are at the steering wheel.

If any of the above conditions would change, my analysis is JUST A THEORY with some %%% of probability.

Wishing you ALL - Happy Green Pips in any direction.

learning as much as I can

EU has already made a notable move, dipping to 1.0939 - hour of writing, after yesterday's high of 1.0964. and now it should stabilize above yesterdays low, before we get more volatility and another one attempt to get above 1.0960 and make it support.

Daily volatility (range) 34 pips

Significant news - US PPI, US Initial Jobless Claims

1 hour

Green pips!

Zooming in 15 min for more details, not buying!

That chart is odd. Because it doesn't look like that at all on 1H. I also included the daily.

Meanwhile, on H1...

For today, all I care is: Can bears protect ~1.0949 and stay below it? Waiting for London opening... Zzzzz...

Happy trading day to all

Daily chart, prices eu may reach today or for the next days