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Attachments: EURUSD only
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EURUSD only

Quoting bigiivan
{image} So funny! Looks like only 2 or 3 people trade in the market. It will crash. Going down.
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These 3 people coulgn't hold the price.
Have placed my sell orders waiting to be triggered
Quoting fxtimur
EURUSD surged last weekend with a bullish candlestick, perhaps due to Powell's dovish speech, but now the gains appear to be fading and the RSI is showing overbought levels. {image}
not just only that price is actually showing a bearish divergence on RSI divergence.
Sell hard!!!!!!! I'am selling like a noob!
Meanwhile, on H1...

Wishy-washy bears are trying some Kindergarten action...

Still early to tell if they will break lower or go back for a lazy nap! Waiting...
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Be a seer, not a looker!
Based on H1, I am marking 1.1145/55 area as nearest resistance...
Be a seer, not a looker!
Quick H4 Outlook

  1. MACD divergence might cause price to drop for a retest at 1.1080 area...
  2. For now, no new breakout hints that bulls are absent..
  3. Bears have to force price to stay below 1.1160 for a chance to go lower...
  4. Also please be aware that END OF MONTH is nearby.. Careful!

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Be a seer, not a looker!
I have noticed H&S forming on H4 chart. May be some bounce up will occure at 1.11-ish region. Any thoughts?
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Quoting xperta
I have noticed H&S forming on H4 chart. May be some bounce up will occure at 1.11-ish region. Any thoughts? {image}
Maybe... Since every H&S needs a neckline, the H4 chart first needs a bullish candle or doji or hammer that gives us the potential base of such neckline...

No such thing yet and therefore we must follow current bearish momentum. Step by step...

Best wishes
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Be a seer, not a looker!
Meanwhile, on H1...

Go bears go... Rinse & repeat selling pullbacks and breakouts until basic breakout logic works no more!

Next supportive area: 1.1105-ish!
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Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Maybe... Since every H&S needs a neckline, the H4 chart first needs a bullish candle or doji or hammer that gives us the potential base of such neckline... No such thing yet and therefore we must follow current bearish momentum. Step by step... Best wishes {image}
I'm keeping an eye on that 1.1080 support with you.
Price broke both trend lines of the bullish channel that I had drawn. The next interesting support location in my view is at 1.1080 as it is also 50% Fibonacci.
(1.1080 (green trend line)
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Quoting Matts Micro
{quote} Looks good. I'm going in for the LT bears game. Possibility for another daily bull candle which in my system would support the bears. My level was hit almost to the dot so looking good for the rest to follow through. Buggered my top position when TS got hit. Just got another entry signal to re-enter. {image}
System intact. I will look for a correction tomorrow for entry. A couple of B/E and a loss trying to get into the LT entry but worth it if it moves.

Bull candle marked from previous post.
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ST long placed on the 1:1 (orange TLs)
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As the lights go by so too do the shadows move
EU 15mins. I will buy a retouch to the base of this falling wedge. That should be near 1101 area. Should yield me at least 20 pips.
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https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
I thought the trend line had been broken, but with this support at 1.1105 the upward channel was readjusted.
It is still valid...
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Meanwhile, on H4...

From here on forwards, I now will watch 1.1169 area resistance... Bears have the upper hand while below it!
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Be a seer, not a looker!
Newest breakout level on H1 is now 1.1111....

While H1 candles open below, bears can protect momentum..
Be a seer, not a looker!
Quoting Ata-Turkoglu
Newest breakout level on H1 is now 1.1111.... While H1 candles open below, bears can protect momentum..
Beware of bulls and their attempt for gaining back control if you see that H1 candles can't close back below 1.1111 quickly.. Any bearish delay would hint that bulls are collecting power!
Be a seer, not a looker!
The battle continues
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Consistency is key
Quoting Matts Micro
{quote} System intact. I will look for a correction tomorrow for entry. A couple of B/E and a loss trying to get into the LT entry but worth it if it moves. Bull candle marked from previous post. {image} ST long placed on the 1:1 (orange TLs) {image}
I have signals on Hrly that suggests a deep correction if not a new HH before the potential tumble. Still in my long.
As the lights go by so too do the shadows move
18 traders viewing now, 2 are members:
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BobaFett74