EURUSD

Exited my shorts...without profit.....

H. --- I am long as shown........... SL at 4.10 --- 4.40-4.50 serious resistence.

5' --- Changed my mind... Raised SL to1.04 30 ....

H. --- That s it @@@!!! Toped out and reversed.............. Short NOW

I am adding shorts here, NOW.

so you have short from 1.0390 that's a lot of pips?

Unfortunately YES..........SHIT HAPPENS.........

life of a trader

E. and BP 5' --- They ll create new highs , of course..... and then BANG a Grand Reversal.................

JY 5' --- Pending to go long......

Decided to place a SL on both....... as shown...........

Looking at the bigger picture from september, we can see a 123 reversal formation, as described by Joe Ross. We have two upward trend lines, one of which is accelerating. Currently, we are witnessing higher lows. Consequently, it seems logical to test a new high above 533.(previous High - 27 Jan) The weekly close is at 1.0491, and this level will be my pivot point for the entire week! where I will be reversing my position, either long or short, with full force, depending on the direction of the price movement!




I see higher highs and higher lows. I don't see any formations at the moment indicating a trend reversal. Yellow line 1.0487 indicates that resistance is turning into support.
Price action isn't showing any bearish intent. We'll see what next week brings. I'm expecting a breakout at 533. If it breaks, I would anticipate a correction, but if one doesn't occur, we are looking at an attack on 640 lvl.

Friday's options data indicates a price spectrum we can anticipate, visible in the table, ranging from 300 to 580. Therefore, reaching a price of 580 shouldn't be surprising. However, it currently seems that 325 should not be broken.

I foresee a strong run as per weekly chart,

EURUSD price action on the daily time frame is consolidating in the 1.05140/1.02180 horizontal channel (blue). Presently, the price action is retesting the upper part of the channel. The bullish print in the area on Friday is relatively smaller than the one printed on Thursday, which indicates a decline in bullish momentum. Apparently, a southward turnaround is in the offing.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Short since Thu. and Fri. --- SLs as shown. Still in deep red colours....... Patience....

Mark a 100 pip fall from current price.