EURUSD only

i do hope we reach there have take profit on my sells

New Target for EURUSD - 1.08200 WILL HIT

!>

1.0851 is a crucial level for bears as I said before. If it holds, bulls will hit 1.0875, then 1.0883 again. But if bears can overcome 1.0851, we will see 1.0834 first, then 1.0819 which is a great place for buy with tight sl.

You must not trust shorter term moves but focus on the longer term charts, eu looks like it should break or at least test 1.0895.

Absolutely, you are right.

not everything is clear as image shown below
{ virus risk deleted by staff }

Fair point. In line with that thinking is that we've had a 300 pip movement to the bullish side since April 16th. At some point there will be a retracement. If it started making that correction today and just pulled back 50%, that would put the price at roughly 1.074. Not saying we aren't going to continue up, but we are going to have to come down at some point if the bulls are going to load back up hot.

KISS Keep It Simple......

H4 Possible Triangle And Targets

Today's EUR/USD movements have been marked by fluctuations in both directions, indicating a lack of clear direction. However, given that the main trend remains bullish, it is expected that the 1.0800 level should hold, paving the way for a potential move higher.

If the bullish momentum strengthens, bulls may take control and drive the price towards the immediate target of 1.0895. A sustained push above this level could then open up the possibility of reaching the next target at 1.0942.

On the other hand, if the momentum proves to be weak and bears gain the upper hand before the 1.0942 level, a new cycle towards 1.0725 may commence.

I am monitoring support levels, as buying near these levels may provide a better risk-reward ratio if the trend continues. The same strategy applies to bearish positions. Wait for breakouts below support levels and attempt to sell retracements at those levels. However, I would need to see the price close below the 1.0812 level before considering selling for the longer term. For now, only some scalping might be profitable, but in most cases, the market will recover, so exercise caution when employing this approach.

Have a great rest of your trading day, wishing you a restful evening, and may tomorrow bring new opportunities!

It may work also.

Whats your time frame for this cuz it has been nothing but green for 5 weeks and it has only moved 260 pips. Seems like a 1.27 PT is 1900 pips. 1.10 is far more probable on a shorter time frame. that is only 140 pips.

Unless you thinking this move just the opposite?

1.0875 and 1.0883 is still an attraction for bulls. Let's see what they can do.

l expected lower opportunity around 1.0840-45
for buying but h1 bullish engulfing candle destroyed doji and bearish on h1 they pushed it up mm by mm
let it down
I think just buying low is safe
sell is not safe here

Yes, of course.

4HR looking like a bullish flag. Every time I bite on that though it kicks me in the berries lol.

It's Cypher Tiiimeee!

1. Based on DAILY, I spotted 2 major Cypher patterns. Nested like those Russian "Matryoshka" dolls
2. For now, I am focusing on the nearby cypher. It should be complete at 1.0901-ish and here we are watching hesitant price action as a result.
3. If this cypher plays out, we should soon see some bearish attacks towards TP1: 1.0785 and maybe also to TP2: 1.0720 (and it can go even deeper if momentum builds up)
4. However, if bulls decide to break above 1.090x resistance, then the larger cypher comes into play. I keep that for later though. No need to explain details about it at this early stage.
5. Long story short: Bears should soon give us some action. I am waiting patiently!

May be I get it this time. Let's cross fingers.

USDX seems to have temporarily broken structure after meeting its latest support zone. We'll see if this is temporary or if a reversal is in order.

EUR/USD closed down at Monday after Friday's run up, this move now can extend lower to 1.0812, support is at 1.0835 but the weekly pivot at 1.0842 may help it find its feet again. Resistance is at 1.0885 and 1.0895.

Daily volatility (range) 37 pips

Option expiries for Tuesday: 1.0840 (EU958.9m), 1.0875 (EU927.7m) source: financialjuice.com

30 min

Green pips!