EURUSD only

does 07260 looks buyable?

Don't try any stunts before 1.07, if you want to make money of course, if you like to throw it out of the window, go ahead.

1.0707 comes with end of wave 5 forming a bullish shark... Your 1.07 might never get triggered.. Just saying

Best wishes

It certainly looks like EUR/USD took a hit after the US CPI numbers came in better than expected, causing the pair to drop below the 1.0765 level With the FOMC meeting on the horizon, I am anticipating a hawkish outcome, but also some mention of potential rate cuts.

This scenario could indeed lead to a short-term bounce in EUR/USD around 1.0800, as some market participants might interpret the rate cut discussions as a sign of future easing. However, it's essential to keep in mind that such a bounce might be short-lived if bears use it as an opportunity to add to their short positions, anticipating further weakness to 1.0695 in the currency pair.

As always, it's crucial to monitor the market's reaction to the FOMC meeting and adjust trading strategies accordingly, taking into account any shifts in sentiment or technical levels.

Have a great rest of the day!

Yeah...right!

1.0725 we might see it stall temporarily

All I see is people ruining a perfectly good move...
First- The move is not finished
Second- Taking profit partially makes sense, closing completely is nuts.
Third- At 1.07 you can buy with more confidence, Harmonic target + Oversold D1 (Good probability as well)
Fourth- The bounce from 1.0750 was short lived and that tells us that the move has quite a bit of momentum.
Fifth- Market is coming here to touch 1.07 because it was left untouched last time round.
Sixth- If you cut your wins short, how are you going to be profitable in the long run??
I hope it helps.

Participate in a trade for tmr game. Entry 1.07386 till 1.0800. Happy Wednesday to ya'll.

as i said before "... i do not see bearish start today, but kind of very long c (261.8) in B"
updated:
c has reached FE 361.8 (.0729), thus i suppose to follow the scenario with double top at overall fibo 61.8 (.0884/6) and touching D1 BB R
and then i`m going to rejoin bears in their travelling down
p.s. 12345 here is m1 based formation

The FOMC minutes are from three weeks ago,so be mindful that this meeting was BEFORE the hot job numbers and CPI.
We may get spike north temporarily which of course should be shorted.

Nice rejection candle near support on 1hr

Some support areas till 1.070 to take out SLs

4H

so buy or no buy?
i'm going for it. even if i have to suffer a little no way we aren't going to retrace with this massive gap
(famous last words)

i will take a break because london session passed... less liquidity.. tomorrow it's a new day

I'm waiting to see if a spike down to take out the SLs which are near the previous lows around 1.720 levels, we should get a buyers reaction there.

1.618 (1.0733)

Closed this now @1.0750

i'm sticking with it. Go bulls, i'm in it for the long journey north

I expect boredom during FOMC because of Wave 4... Tomorrow somewhere around USA opening we could continue Wave 5 down to complete my Bullish Shark roughly around 1.0715 (1.0707 max with momentum)...

Time always tells

I'm seeing a retest but idk where to? I think it breaks the downtrend if the H1 closes 1.07460