EURUSD only

I bought in the dip right before the Williams speech… now I’ve watched my profit turn into loss…

I don't doubt any of the risk on, USD being world's safe haven, macros, etc. I'm sure it's all well and fine but markets don't move in straight lines. Even in a downtrend, EURUSD can still retrace, liquidity grab, bullish sessions, etc. I’m sticking with “trade what you see, not what you think.” On my end, EURUSD is coming up to that level, so it’s not over till the fat lady sings. In any case, I’ve got a hedge with EURAUD, so overall I'm net positive and holding onto the EURUSD.

yeah, that's what they do to sabotage actual move and get tight stop lossers out the game then price continue do what it was doing before that.

Perhaps the plunge protection team is working the tape today. Per my prior post, a close near weekly lows in the US equity markets would be particularly bad voodoo.

Closed at +41 pips... and I can enjoy the weekend with a clean slate... thanks bears for a very successful week ... Enjoy the weekend and see you next week

Maybe Santa’s coming after all

While waiting for Santa, here is my H4 view for Monday-Tuesday

1. First of all: trend stays bearish as long as ~1.1555 area is not violated! Median line area of largest channel!
2. Now, while we assume bigger trend is bearish, it doesn't mean we can't buy here and there on smaller timeframes..
3. On H1 and M15, I will be looking for bear weakness while relying on weakness that I see on H4
4. Bear weakness 1: I am noticing that price couldn't drop further to touch along lower edge of bearish channel.
5. Bear weakness 2a: I am noticing that latest candles couldn't even close below median line.
6. Bear weakness 2b: At the same time with 2a, MACD begins to form divergence.
7. Now... the latest bearish breakout occurred at 1.1526... Of course while below it, buying is risky on H4 but on M5 or M15 we could try!
8. On Monday I will see if M15 candles stay inside the yellow triangle. If so, I might scalp long on M5... The best would be to wait until any H4 candle closes above 1.1526... but still, based on skill, we can try buying dips to 1.1505-ish levels... Just know that it is risky!
9. Once price arrives at 1.1526, I could also try to sell BUT because I know there is MACD divergence, selling could fail terribly!
10. As a result: Monday will be a tricky day for both sides. And if there is no momentum, then it can get even worse.
11. Long story short: Trade extra careful folks! I will go with scalpers only!

Yeah, that's all for now... Keep enjoying your weekends...

Peace out....

before consolidate and go upward it must still have the final leg to go further down

20SMA: My plan for next week, my overall bias is still bearish but the fact that we have broken above the 20SMA on 30M tf i tend to believe that we are in a retracement, a break back below and ill start looking for shorts from there,
We have the channel that i have drawn i doubt whether it is accurate like the pro's but this one has served me well, if we break above the channel i am anticipating a move to 1.15330(the green bar FVG) i will resume with patience here as we could see a higher move to test the area 1.15500 or just below 1.15450 that would be a top for me and will start looking for a short entry from here,
Once again i am not prepared to gamble on a long to this area, as my levels are not guaranteed and i would rather be short on the H4 trend, no reason to be buying, a lot of things happening fundamentally so anything could happen on a dime. so its sit back and watch how it plays out .
This is my plan.

There are no major data releases today, and movement is expected to remain limited. The USD is trending higher, but the DXY is currently at the top of its curve, potentially leading to a correction.

Good afternoon, traders! Well, the interesting part has begun. My bias is about to end, so I want to share a little bit of my idea. First of all, I am thinking of buying, but not at this price. I want to buy below 1.15000, taking advantage of all the liquidity from those who have placed their stop losses below that level. I still respect the H4 channel. At the moment, I see that the price will take the liquidity of those who have placed a stop loss of about 20 pips on their sales at 1.15205 and 1.15260. Well, when I take that liquidity, I will start selling, and below 1.15000, I will start buying every time the price drops until it reaches the channel support. I wish you good luck, but I don't think you'll need it. Blessings!

Good morning, hope you're well. For today, I anticipate 1.1529 will be a good resistance level, if the bears show up.

Okay, one last push to get my second sale, and let's goooo for those sales!

H1: bears still have the upper hand, BUT traders who shorted must see if 1.1515 acts supportive or not!

Happy new trading week folks

H4: similar to H1, here, bears need a candle close below 1.15125 for bearish continuation and a new breakout...

In other words, it is getting tight between 1.1526 and supportive trendline.. Bear channel still intact... A breakout is around the corner!

I would say keep it simple - above 1.1528 bullish and under 1.1500 bearish, between just "noise", my two cents.

The patience has now kicked in to see if we go further up.

I'm still selling

Waiting a bit longer..