EURUSD only

bearish trendline almost broken

Quick DAILY Outlook

1. Last week I mentioned that we might be in an ABC correction down.
2. That said, I assume wave A is somehow complete and we started to see bullish attempts that are now causing to slowly form wave B. Of course, these bullish trials seem to be just the beginnings of wave B. So a lot of patience is necessary.
3. Once wave B is complete (roughly 1.0933 area), we should drop much lower to form a wave C (roughly 1.0777 area)... All step by step... No rush!

Short at 1.0863 tp open

Meanwhile, on H1...

1. Bulls are in no hurry but as a matter of fact, on this timeframe they still have the upper hand.
2. While above 1.0856, bulls should be able to continue higher. However, if they waste too much time, bears could use this weakness and try to break below 1.0847, which could cause a shift in trend. But we are far from it to tell.. Time will tell better... Patience!

Happy new trading week to all

Euro, Sell 0852 - 0849, TP above 0832

Bought! Lets go! Or not

EU is going to down to 1.07 level and the chances seems to be high.

4h close will make me a bear

EU has huge divergence and the drop can be a bit stronger.

I will enter sell on London lunch if we get a pullback
If not then buying at London close
Plan A and Plan B

Euro, waiting H1 close above 0832 and 0838 to Buy, TP New High Today

Let's see how low bears can push them down and I am expecting that bears can push them down to at least 1.0800 today.

Good morning traders, hope all are well.

Dollar bumping into the top of its' range and a high from 24.07. If the range is to continue (most probably) then I would expect the Dollar to reverse here down to 104290 (235 points) and close of the buy-side imbalance. Pushing the EU long 30pips (roughly) to 108620 (although I'm aiming for 108550 and close of the sell-side imbalance.

Green pips folks!

Watch 1.0846 breakout level on H4... That's where resistance could begin to push back bulls..

Good spot, thank you Ata, will drop my TPs and see how price responds there

SL BE+1 and Trailing Hit
Start Sell Euro 0835 - 0832

Hopefully, the EU long is now set ...

Meanwhile, on H4...

On this chart, trend could never shift to bullish.. It was bearish all along.. Lucky are the H4 timeframe traders for this one..

It is sell time here.. Keep selling spikes and pullbacks until 1.08-ish levels..

1.0854 is latest breakout level and main resistance..

Stopped out, market wasn't ready for a rally