EURUSD only

Hello everyone,
Just dropping by to share my draft.
I didn't share anything yesterday because it's the same setup as previous posts...
Below is my H4 chart with some adjustments to better explain:

- The price failed to close the H4 candle above the red LT, stopping at the purple 666 average.
"This is the first barrier for the bulls to overcome."
If it fails and breaks the bottom of the ellipse, 1.14801 could be the next target.
- The second resistance is the pink 200 average... Followed by the "square" tracing, which could be the limit for the bulls...
- The third is where I expect the price to reach... 1.17626.
"Note the light blue LTs," all the same size, copied from previous sections and added for future projections...
The main support is the lower border of the ellipse, and the main resistance is the upper border.
Enjoy the weekend.


...

H4 Outlook for Next Week

1. With current picture in mind (since it is always wise to go step by step), bulls are silently building strength that many eyes probably have already detected:
2. Early bullish sign #1: Double bottom!
3. Early bullish sign: #2: Higher low!
4. Now, while I am aware that bulls might be cooking something, overall, H4 chart is not ready to switch to bullish yet! In contrary, bears are currently looking for bearish signs while we have begun to retest 1.1648 area (red horizontal line)...
5. Depending on the test result, or any gapped opening, we can decide if we should switch to bullish or not. But with current chart structure the better choice would be to look for short signals while H4 candles open below 1.1648.. This is simply: trading what we see and not what we expect!
6. Bulls will try to keep the bullish channel intact and climb above 1.1648... So, while we watch for confirmed bearish signs, we also will watch what bulls are doing.

I hope it helps.. See you on Monday folks.. Peace out...

I think the level 1.1789 it s important on long term.
What do you think?

Quick H1 Outlook

1. So, if market opens with no gap and as it closed, then I would start as a buyer of dips as long as candles open above 1.1615... (Red circle: 1 on chart)... If I catch a good low long order, I would watch if there is a new breakout and I would aim for 1.1648 area...
2. If price gets to 1.1648 area (i.e. H4 resistance), I would get rid of any longs and start to look for bearish signs... Once I see bullish fade out, I would step down to M5 and try to enter after getting some of my classic confirmations like: lower high, breakout of bullish channel etc. etc.

So that's the rough plan for now... Soon market opens.. Happy new trading week to all in advance...

See you after London opening my friends.. Cheers

The bulls opened the week's session with a gap above the LT. Previously, resistance (red), now support (blue). I hope it continues.

Wonderful week and good trading to all!

Unless something crazy happens geopolitically early this week, markets are unlikely to commit to a direction until the big economic headlines come out starting with the FOMC press conference Wed. afternoon. The FOMC 25bips rate cut is already widely telegraphed, and so the US core PCE, the FOMC's preferred inflation measure, coming out on Friday, would be my guess for the star of the show this week. Meanwhile, expect choppy/sloppy trade, maybe jerked around by loose-cannon tweets.

I entered short at 1.1643 with a 7 pip SL earlier which is now set to BE, I'm hoping to see this double bottom break before moving up. Target 1.145 area, worst case scenario I break even and we fly up. However the huge price dropping from 1.1725 area on Oct 17th really went down a lot which makes me think there's gonna be one last unexpected bear push

If you were a buyer of dips right after market opening good... If you were a seller around 1.1648 good...

Now I am waiting on sidelines for a restarter candle.. No buying while candles open below 1.16285... No selling either since my H1 chart is currently bullish!

London has also not opened yet.. so no rush!

Hello everyone! The EURUSD price has broken above the local downtrend line formed earlier on the H4 timeframe, which may indicate bullish sentiment. The price has also consolidated above 1.1621. The first target for buys from this level could be the resistance level at 1.1666. The second target could be the resistance level at 1.1712.

H1: seems like no candle close above 1.16285... so nothing to do for me... I will come back in the next hour... Zzzzz..

Still waiting patiently for the bears to push the price to 1.1537
Sell every high till the bear get there....

Hello in the new week ... Today I overslept due to the time change but luckily before going to bed I entered a sell limit at 1.16444 based on the gap... so now after waking up I have a TS at +12 pips... let's see what happens next ...

I just woke up...
My first entry of the week... I managed to buy at 1.16215... the price closed above the brown 500 average, Chart M15...

pullback done, i think we might see upward

H1: Today is test of 1.1648 day... as long as it rejects, I will try to sell there... and as long as candles open above 1.1628, I will try to go long there..

By the way:
H1 resistance at 1.1648
H4 resistance at 1.1665
D1 resistance at 1.1662

All are closely positioned clusters to repel bulls... Not easy to break through! Therefore, I am inclined to sell spikes towards these levels!

I have closest support on the M5 chart at 1.16345... average 2000

Purchased here...
average 200... M1 Chart