EURUSD only

From here on forwards: If any H1 candle (current one included) closes below 1.1231, I switch to selling! Let's see..

Seems like tomorrow we might see more movement towards 1.113 if H4 closes before 1,121

I'm looking at 3H chart and I have a gap there, so even though main trend is bullish, it may be push down to fill the gap before more up.

This is confusing, taking some risk off with partial close on shorts. Closed one long that was triggered (+10).

Exactly thats the concern for my Bulls. You cannot turn the tide can you. Looks a heavy market ahead. ... I stick to my plan for now..

Taking a chance buying off the 38% fib with my sl just below the daily low

I also posted that I am watching 1.1231 as last man standing level.. Nothing for sure yet while H1 candles open above it!

I saw it but the amount of down move or pip move in the bearish move is what I am thinking of..Probably it will slide now but my wish is with the bulls to survive it!

The bulls should put in an appearance soon if they are able to control the rest of the day is another story

Supply Zones (Resistance Areas)

1. 1.14248 - 1.13812
   1. This is a major supply zone and represents a strong resistance area.
   2. Price is far from this zone; reversal is highly likely if price re-tests it.

2. 1.12800 - 1.12659
   1. This is a minor/near-term supply zone, and price has tested or is testing it recently.
   2. The current price action suggests sellers are actively defending this zone.

Demand Zones (Support Areas)

1. 1.11312
   1. Price reacted to this level recently and bounced.
   2. This is a moderate strength demand zone, indicating buying interest.

2. 1.10653
   1. Stronger historical demand zone.
   2. If price breaks below 1.11312, this is the next likely area of support.

Price Action Analysis

1. Current Price: ~1.12283
2. Market Structure: Price is trading below a recent swing high near 1.12800, suggesting that bulls are being capped at the supply zone.
3. Consolidation Range: Between 1.12659 and 1.11312 — price is moving sideways within this range.
4. Wick Rejections at 1.12800 imply rejection by sellers.

Potential Scenarios

1. Bearish Scenario:
   1. Rejection from the 1.12659–1.12800 zone followed by a break below 1.1200 could lead to a test of 1.11312 and possibly 1.10653.
   2. Lower highs and lower lows would confirm trend continuation.

2. Bullish Scenario:
   1. A breakout and close above 1.12800 with volume would indicate bullish strength.
   2. Next resistance targets: 1.13812 → 1.14248.

Looking at 5M chart, selling pressure so far...
and some levels from opt. exp.

Dear folks, just take into consideration that 1.1210 area is also an important support area on MONTHLY... It affects all smaller timeframes!

Based on all the analyses I have shared so far, the summary question comes down to:

1-Will bulls be able to break above ~1.1265 area?
OR
2-Will bears be able to break below ~1.1210 area?

managed to recover luckily

As anticipated... bulls are still active.. That's why actions should always come AFTER confirmations!

Can they break 1.1265? Let's see.. nam nam nammm!

news in 8 minutes, may provide more fuel to the bulls

Bears are putting up a fight on 30m TF between resistance and support…

Trapping high buyers by faking breakouts etc. Seen this far too many times. Don't get suckered into. Besides we have a gap to fill down below.

I believe the price will soon exceed 1.13, but unfortunately, I got too nervous and couldn't resist closing my long positions.
My positions in total were too big, and I didn't feel comfortable.
At one point in time, my stop loss was as close as 10 pips, so I think this day is probably done for me and closed in green...
Damn... I need to work on my psychology, or open smaller positions ...

I’ve got my eye on this hitting 1.127 ish on the 1h TF again and then going south, but this might not happen