EURUSD only

M5: bulls are eager to keep going... As planned on Friday, I keep buying dips... Next target (and potential bottleneck): 1.1622 area...

Happy new trading week folks

The downtrend has now been broken to the upside, so things are starting to look a bit different. It’s not a solid breakout yet, so we’ll have to see if it can actually stay above that level. I wouldn’t call anything final for now — it could still end up being a fakeout. The next few hours and days will tell.

For me, it’s simple: as long as it stays above 1.1610, I’m leaning toward longs.

Next targets on the upside are 1.1627 and then 1.1655. On the downside, 1.1610 needs to hold — and even more so 1.16.

Let's go bears

I took tha same trade but it's not like to go down

-1/10.
-1 RR.

EurUsd still looking up.

The first target at 1.1627 has just been hit, and the next one would be 1.1655. But honestly, that level doesn’t look reachable right now without a pullback first — just to cool off a bit. The market is showing a slightly overbought setup at the moment, although of course nothing is impossible.

I’d actually prefer to see a retest of the upper edge of the previous downtrend channel first, somewhere around 1.1615–10, just to gauge the strength of the breakout. So for me, once it comes back to that zone and holds, that’s where I’d be looking to go long.

No rush — patience is key here.

Target 1 hit

M5: Closed all longs here at 1.1625... Will wait on sidelines for some hours!

Patience is the key to successful trading.

H4 testing the upper trendline.
Don't get baited by the wicks! I'm waiting for a clean body close above resistance to confirm the bulls have control.
I closed long, no trade.

Hello, have a happy week everyone!
My amplitude for today is 1.6480...
God bless our day!

....

We see you if ...

Might be heading for a new peak of 1.1660
Every H1 candle with higher unbroken low

Waiting for a Sell at 1.16689
Stoploss at 1.16995

Target 2 hit as well

... and now? Back to "sweet" 16? (1,16000)

On the H1 chart, it’s already heavily overbought, so I’m thinking about taking a short scalp. I honestly didn’t expect it to climb slightly above 1.1650 without at least a small pullback first. That actually makes things even trickier, because every move that goes straight up without a breather usually leads to a deeper pullback afterward. Not guaranteed, of course, but the probability goes up. On the H4 chart it’s overbought as well — only the daily chart still has a bit of room left. Let’s see what happens.

H4: While watching 1.1640/60 area as my temporary resistance, I am first anticipating a revisit to 1.1600 levels...

From there we must see how channel edge will react. Time will tell..

I see that in my absence, a sell limit 1.16507 was activated on my favorite H1 RS of 1.16500 ... SL so far +5 pips ... And I also think that we will look at least back to 1.16 ...

* closed +8 pips based on bad US data but maybe I'll try again later