EURUSD only

This is why i don't use sl...........
Not encouraging anyone to not use but if you know you have a nice entry towards the trend your tp will 99 percent get hit. Have a good day guys

We are selling because (at least I am) trading the H1 chart... AND on the H1 chart, trend is still bearish..

1.0510-ish area is still regular selling spot...

BUT of course I am also aware of MACD divergence... Price might reverse.. or maybe not.. who knows... I keep following my main breakout logic until it works no more... Keep it simple!

Good luck

The devil smile pattern
Nice one

Successful shorts (+28 pips from the last one)... But now I am on sidelines again...: Watch 1.0479....

Quick H4 Outlook for Friday

1. Bears have the upper hand.
2. As long as candles open inside the bearish channel (i.e.: below ~1.0490), I stay bearish!
3. Dips towards the lower edge of channel: ~1.0434 area, could provide contra-trend-buying opportunities.

I am calling it a day. We hopefully meet again tomorrow after Frankfurt or London opening.

Trade safe

EURUSD seems to still be in bearish sentiment, yesterday's PPI data caused high volatility in this pair.

Meanwhile, on H1...

1. 1.0472/79 area is nearest resistance...
2. No bulls in sight yet... I stay bearish! Waiting for liquidity..
3. Also: Based on H4, all bullish attacks should be stopped at 1.0495 max....
4. Long story short: while below 1.0475 I stay away from the buy button!

Happy Friday to all

Good morning, I hope all is well with you. I anticipate the bears are trying now, on the 5M chart.

3 kinds of candles
which create fractals
which create swing zigzags with horizontal and slanted (trend/ direction) lines - you can then add trendline channels
and
fibo can go with selective impulsive (longer than previous) waves - you might have entries with some or at least 50% pull back?
this is how i see price actions/ dances

I see. Do you use the 50% pullback often?

DAILY Outlook

1. It's a no news Friday! Trade extremely careful!
2. For today only, 1.0426 area is potential support for bulls...
3. BUT it is also the riskiest level because a new bearish breakout can occur right there.
4. As a result: If you are thinking of buying dips, then do it very carefully.

Good luck

Based on H1, having a new rinse and repeat sell order here at 1.0472... Let's see..

I'm a newbie and Man I was at work monitoring the chart just before the crazy up and down we had. Luckily I got out just before it hit. I didn't know what was happening and was freaking out saying this is a definite sell! What's going on! Lol thank God he calmed me down and said stay after I sold on the dip. Super stressful.

Thanks senior man

Good morning, first sell trade 1.0493

Ahh, I'm probably going to leave this today, back to check at NY