EURUSD only

Every H1 candle has a bullish body.

I don't like areas of potential tops, especially when the area is based on weekly...

Since no sell signal appeared on my charts, today was simply watching and waiting... All good...

See you tomorrow folks...

Peace out

Trend reversal 101: Trendline break with momentum and lower high/higher high(for bull into bear) and vice versa. Rate of change has considerably slowed. The main move completed after second quarter. Now we are in a three push pattern suggesting consolidation or a reversal.

1.18-1.20 by year end

I have a long @ 1.17500 set to break even with a target of 1.17700! Done for today, whatever happens happens. See you guys in london

These are my current retracement targets (yellow arrows - H1 chart) in case it doesn’t make any new highs and turns around. I’m predicting that the upside potential is practically exhausted, given the overbought situation. I'm out for today, good luck.

Well, the sales didn't happen, the situation went crazy, and it rose to 1.17600. It could rise to 1.17900, which would be the most likely maximum, but it's difficult. I'm going to sell again up to that point. My first target is the top of my range, at 1.17100, as I only see inefficiency up to that point, where it could turn around again to reach 1.17780 or 1.17900. The range will give me a clearer picture of what the market wants to do for the moment to rest.

Doesn't the price naturally seek to return to bonds? (sorry for my bad english)

It worked!
It was good to have updated!
Don't forget that if the bulls break through this resistance in the next trading session, it's in the 1.18381 region, maybe tomorrow...

Considering Overbought conditions
The Bullish Momentum seems to finally be running out of steam
We have a critical level @1.177-1.178
If not Asian then LDN Sesh might prove prominent

H and S?

Price doesn't even want to go down, which is good news for the bulls. We should see a continuation tomorrow, so any dips will be a buying opportunity

The bulls did very well this week.

Perhaps some of you remember these two LTs I posted the other day...


Here they are...
The entries and range; previous posts have more details about this.

Today's bullish technical development seems to have gotten its impetus very specifically from a worse-than-projected initial jobless claims release at 8:30am Eastern. EURUSD bulls would do well to remember:

1) Since it's a weekly series, initial jobless claims data is noisy.
2) Chairman Powell has been clear in press conference after press conference, over many months, that there has been both reduced supply *and* demand in the labor market, and the rate cut outlook is muddied by this somewhat novel dynamic vs. prior labor market cycles. Translation: don't look for automatic rate cuts whenever you see jobless claims blip up.
3) FOMC has a statutory obligation to keep inflation low and stable. It's not a policy decision or a vibe, but an actual law that says what the Fed is supposed to do.
4) EUR is the currency that forced bank depositors to take haircuts during the European debt crisis. This kind of financial dismemberment is not easily forgotten. Do not look to EUR to significanly displace USD as a reserve currency.

Going into Friday, an expected retracement of 30~40% of the weekly range to around 1.16900 is bound to happen. On 15M, Shorts are placed from 1.174xx with a fixed SL targeting ~2R.

I won't be around much today, so I wish you all the best of luck. I'm going to enter into sales and set my target at 1.17100. I have a pending sale at 1.17481 between manual at 1.7529, but I don't think it will reach that level in this rise. Anyway, I'm at zero risk with that one, so let's see how everything develops tonight!

Update: I'm leaving the pending order at 1.17481 but entering a manual trade at 1.17378.

H4 opening lvl 1.1738 Price above is good for bulls so I try buy SL Asia Low

Quick H1 Outlook

Below are my levels for the day and the places where I think bears or bulls can appear to be more aggressive..

As long as candles open below ~1.1758 bears will try to gain back power but they have to break below 1.1728 to seriously damage bull momentum.

Bulls have to climb into the red zone to protect momentum and stay above ~1.1758 for a chance to reach 1.1793 area..

That's all for now... Happy Friday folks