EURUSD

JY H. ---

E. 5' --- I have shorted this thingy . . . . . . . . . .

It s a topping Day for me , TODAY..................

BP 4H. --- Short here , TOO. . . . . .

BP 5' --- A move south of 1.2888 will make me more bearish. . . . It s a 50-50% situation now.......

A few years ago, we had a similar situation on the weekly chart. Apparently, history tends to repeat itself. Looking at it in 2022, we went up twice as much.
Closing price for the week is 1.0835, and this level will be a pivot for me for the entire following week where I will be reversing my position, either long or short, with full force, depending on the direction of the price movement!

This is Good Analysis, infact i said Last week that EURUSD bullish momentum has gain force. This week we Expect price to drop a little then Bulls will take charge again

The EURUSD price action on the daily time frame is bullish. Presently, the price action is retesting the 1.08876 weekly supply area, which is aligned with the 50-fib retracement area of the bearish swing traceable to May 2021. Although the prominent upper wick on the bullish print of Friday indicates bearish pressure in the area, we may still see further northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Profit taken on EU BUYS at 1.085.

Now selling EU at 1.08664

Take Profit at 1.07577

May this week bring great opportunities in the market!

So far each m30 candle has a higher candle bottom

And each M30 has a higher candle top.

Good data from the US and price stay in the same place.

...a few bearish M30 candles and again we have pro-growth M30 candles with higher top and bottom. Like boomerang.

Higher High and Higher Low M30 TF

Long , with SL and TP as shown.. . . . . .

EU is at a strong selling level and there will be strong selling from this level.

SHORT.. . .. .... .. . . .

Price bounced off previous week high -1.0888

SL in E. just now hit @BE --- In BP not yet. . . .