EURUSD only

If its possible I will love it so much

"Need" is a very strong word

Yeah I know that but a need with prayer can manifest

Bulls should enter anytime, very lazy day.

I’m targeting the December 13th low

Sellers entered. but the price is not going down (yet). Now watching to see if bulls will respond and catch the bears, which should make the price to shoot up for some scalping opportunities, or else bears win and price drop

Quick H1 Outlook

1. To keep things extra simple, I stick to my breakout logic. Now, according to that, we had 2 major breakouts recently:
2. 1) Trend was bullish for a while (blue trendline) and then bears achieved a break below at 1.0535... Since that happened, I was with bears.
3. 2) Then, this bearish period (red trendline) was interrupted with a major bullish breakout at 1.0498.. According to my system I switched to bullish after that and kept buying dips.
4. What I didn't like though were that recent candles could still pierce below my blue support level: 1.0498. These candles created a lot of drawdown for my latest long entries. I profited but it was not as smooth as I anticipated.
5. That said, in the last hours I see that candles are now fairly back above this level. So, what I will do is keep buying dips. If this line provides solid support price should soon rise to retest the red resistance level 1.0535. While I am buying dips I recommend to keep an eye on 1.0498 area. Just in case!

Food for thoughts.. Cheers

Near triangle squeeze zone. 1H,4H

Quick H4 Outlook

1. On this timeframe, the supportive zone shifts to 1.0486 and provided much better entries compared to the H1 level.
2. If I could merge both charts, then 1.0486 would be the better support level for long entries, but nearest resistance would be still the same on both charts: 1.0535!

I hope this post provides extra clarity for your upcoming entries.

Cheers

Look like we are going to spike to 1.03 area before a major bounce. Get in or miss the train. Careful though it could be lot of whiplash. Weekly is approaching oversold area but can take a while

Yea the risk of the double bottom bounce is why I didn't join Ata-Turkoglu on the long train.

I already have longs from 1.46 I am just building which means I do expect drawdowns.

EURUSD seems to move in a range, going up and down in a limited space. A deflated Bollinger band indicates a decrease in volatility.

Yeah activity is dying off ahead of the FOMC minutes Wednesday afternoon. Normal stuff for EURUSD

Based on H4, while below 1.0512 I am not buying anymore... With all this bull-hesitation, I think a big bearish breakout is lurking.

Get ready to sell, BUT don't rush. Just be prepared! If 1.0488 breaks, it is over for bulls!

Hello Guys,
Based on Daily Chart,
The price has been consolidating for about a month. I have a swing long position at 1.0476. We'll see what happens.

It is wonderful that in the previous two posts we saw two completely different theories and analysis, in any case, in my opinion or my plan is:

1_ Due to the news, we are witnessing a very low volume market (sideway) _
2_ I prefer to strictly follow capital management, the market is always there and it is never too late to trade
3_ I am like a blind man, I can neither see a bear nor a bull
4_ I would like to think that today is Saturday and the market is closed, but I will observe the market trend


Ohboy... long time ago in forexfactory forum there was many nice traders and friends, who had many activities and did many analyzes that today I see none of them except one or two old friends... I don't know what happened and where. Is it to say goodbye to the market forever because of big losses?
Or if some lost and left, why is this forum (I mean the whole site) less welcomed and popular than previous years?
Any idea?

Time to go up for the DXY and down for the euro.

Even though I don't know much about economics
I think crypto is being used as a trump card in the hands of the U.S. The U.S. is using crypto as an excuse to lower interest rates and not to put money into the markets, so they get rid of the big burden with smaller volumes. This is my opinion.