The Swamp

1.0895 is the target for today

1.0894 seems to be a road block though. 1.0845 is pivot. I wouldn't short here. below the pivot and also wait for crosses to turn

exactly similar to mine.

Back to the same spot

Past magenta leg up about 280 pips. Past blue leg down about 380 pips. (2)Current leg up +280 (past leg pips is about 1.0889 level)

It may be too late to post. 0858 can attract. 0858 from 0889 is about 31 pips. ADR is about 51 pips.

The last time at 089x. The drop was soft. here on a 4h you can see how it reacted to 0841 and 0835. If it does this with a long red candle and closes below 0835. That may be a rejection. The ypp is still at 0918. The dynamic day trend at 0905x. Either can push this down. 0888x area can too. Bulls would need to take a lot of ground to rise . Many large levels can trip bulls.
This may just be the summer range. Bears have obstacles too. 0805 has the dynamic. 0811 another.. Q pp 0841.. The larger mid acting like a pp 0835.5..

She made 0858.. Lets see whats next

It hasn't cleared 0880 again. -0874 close may pull it down to 52

it is clearly struggling now and a test of 1.0844 is on the cards if it breaks that 1.08 followed by 1.077x is possible

Sos. But it may run back to 0874 again. Closing today below 0852 could help bears a little. But either way a run back to 0874x, needs a red candle close below 0835.5.. The R/R near 0893ish setup was to be slapped down to 0811ish. With 0852 between. So a run back to 0874. may be a place to consider. The following chance of 0811ish..
I cant say with 100 it will run to 0874 again (most days it does). I can't say it will not shoot up past 0893x. (slip may be 15 pips or less)

PA is between these 2. They are very large. Most slip over years, is 15 pips or less.

In a normal week without 0841 or 0835.5 in the way. Being or closing a Friday below would be bearish below 0852.

The low 0850-0860 can create a bull move tomorrow in london session with a frankfurt fakeout. The problem is the 12 H is a pinbar that look really heavy so if the asian session doesn't slide below 0850 we can still go up tomorrow. If 0850 goes or it becomes resistance we can expect 0828 on the down side but the close to watch would be the london session close at 1200 london tomorrow.

The GBP may need that bounce to 1.2778. A possible double top may be forming. 1.2749 ish may support it before.

GBP day chart. The day candle is still open. 2749 area may force pa to 2778. This may be a chance to look for a short open. To the 2677 area. To set up the risk to reward. The open candle has time to turn green. So you have to to evaluate the merit. It's just a possible place to consider. PA can run to 2870.
You dont want to hold a short that long. I like to switch to a smaller time frame when looking at 2778. This is not a open enders no s/l trade. None are. Figure reward and a reasonable sl comparison. This is not trade recommendation. It's worth watching if this develops. It may end up falling deeper than 2749. You may develop FOMO. It most times pa will run back to 2778. So you may get the better price. with a lot of pip risk eaten in your favor by just waiting. If it dont come back, no big deal. It cost you nothing.

I'm montering a possible eu short 0874.5, 0878 s/l. up to 1h after close the spread is still wider than i want. The real s/l could be 0876. Considering 0875.4 may resist. If i place it pending later it may be a 0876 s/l.
The same with the GBP 2778.. Stop after things die down 2780+spread.

the last 43 min till close.. Lets see if it tries to close below 0852

Late in London session during NY. This window may show pa weakness 0874ish. Since pa bounced from 0805/11. It can take out or test 0893/0905/18/37/76.
But the last leg at about 280 pips was met in a like size at 0889. The down leg like size can be 380 pips. Earlier today was the third time here since April. It either going up to break that leg size. Or it should fall. St it most often would reach 0874. The st R is near 0880. Risk wise to reward could be minimal. Reaching 0874 does not mean it will fall. But that will never be known until it has already happened or not. The past 3 times here may be the upper range.
Most times it will try to reach 0874. If, or when it does. It may show or not signs of weakness. A more bold s/l may be 0876+