EURUSD only

The EURUSD pair is still in the range it seems, yesterday it rose near to the upper band line. US economic data supports USD strengthening. Today we are waiting for PCE data which may influence the market.

Meanwhile, on H4....

1. I go for scenario 1: a bounce up from ~1.1127 area, since macd is still above 0...
2. But, we also need to be prepared for a surprise scenario 2 based on a potential Gartley. Then we could go down to retest ~1.1093 area.

Happy Friday to all

Looking like a 5th bounce off of 1.11258 on EURUSD. That should set up the move higher, or we may push through. Whoops, Ata and I typing the same time lol.

I noticed lol... and agreed...

Best wishes and happy trading

For today, roughly speaking: 1.1160 is the most crucial level that dictates balance!

Once above bulls can rally. If too much time wasted below, bears will gain confidence.

Let's see...

According to H1- There is weak acceptance of 1.1160
A potential sell signal?

Weekly candle could en up a doji (weekly closing price will probably become 1.1160), because I am noticing, nobody has the balls to sell or buy...

All indecision and wishy-washy pa! Therefore, I am calling it a day (and week) here...

Hopefully, we meet again next week!

Peace out...

Enjoy your weekend best wishes
May risk a scalper sell at London close and then I am also off

Hi,
Can someone post CAP Channel Trading Indicator source code (mq4) here (i saw it only in ex4 format attached in this thread).
Thank you and best regards!

Good idea, cash is also a position.

squeeze

Monday H4 Outlook

1. With ~1.1163 area being the pivotal balance line, I can't anticipate where price moves next. I must see how candles open on Monday and:
2. If candles can break below black trendline and touch ~1.1130 area, I would switch to bearish and begin selling pullbacks towards ~1.1163 area. (Scenario 2)
3. If candles continue to attack ~1.1186 area and easily stay above ~1.1163, I would continue to buy dips. (Scenario 1)
4. Or: we can simply stay away for some time and restart trading on Wednesday. I guess until then this dilemma would be solved.
5. I have no favor scenario for this picture. Until Wednesday, I will scalp-trade in a mixed fashion.

That's all for now. Keep enjoying your weekends

Hello guys

Still no change since the last post. The price is still within a range. The 100 level continues to be held with caution. BUT there is an important liquidity (support) point at 99.57. This area is important for me. Looking at the Euro chart on HFT, there is no encouraging outlook (I don't go below 1H as I am now a swing and short term trader). Trendline is an indicator for me. If the price does not touch the 2023 High, the m.FVG zone with the monthly candle close will be the key level for me.

Based on D1 and until Wednesday, I am keeping ~1.1120 area as main support.

As long as we are above this level, I am inclined to rinse & repeat buying dips!

Happy new trading week to all

bullish on EURUSD

Quick MONTHLY Outlook

Tomorrow we enter the new month and things can get shaky. So we must be very careful this week!

1. 1.1220 will become my most crucial level as soon as the new monthly candle opens.
2. From that level, we either bounce down strong or skyrocket much higher.
3. Based on D1, ~1.1140 area is my nearest support for now.
4. Motto for this week: Stay alert! Sharks are lurking.

My two cents

Quick H4 Outlook

Bears are temporarily trying, so no rush!

I will wait to buy at best location. Deepest place to buy could be ~1.1177 area, if not earlier. Let's see...

direction is the most important thing
and
upside direction is still intact.

I am Bullish on EURUSD too!

We are inside the period of tricks and shenanigans... Stay calm and never rush!