EURUSD only

Quoting satisfyerpro

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{image}

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Quoting adrielt

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{quote} Up +30 pips on the position, will look for additional shorts if we retrace into 1.17400, tp is the same.

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Quoting Austyno

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I hope you bought the dip, take off is imminent. IMO, we have made the low for the day.

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Quoting Leser

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With yesterday’s daily close, the market indeed printed the expected candle, namely a hanging man. This means a strong sell pattern has now formed, with a shooting star the day before and the hanging man yesterday (yellow circle on the daily chart). So what does this mean? This combination clearly indicates that no new buyers are willing to step in at the top, while sellers are aggressively entering from below. This could very well have been a topping formation and represents a classic distribution signal. It also implies that the uptrend is no...

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Quoting Leser

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This is a typical reaction within a distribution pattern: the bulls make another attempt to quickly push prices higher, but buyers fail to follow through at the top. Momentum fades fast and the move goes nowhere. At some point the structure starts to crumble, and from there on buyers gradually lose control. It’s still too early for a definitive assessment. I don’t know whether they’ll try once more, but I highly doubt they’ll be able to attract fresh buyers. Each attempt becomes more difficult until they eventually give up altogether. Price action...

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Quoting changolek

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{quote} I mean no disrespect but why post a paragraph of contradicting assumptions. Based of what are you even making them?

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Quoting Ata-Turkoglu

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I enjoyed a profitable day.. I hope you did too.. Calling it a day folks.. tomorrow I will check the London opening situation and make a fresh plan.. *For now 1.1755 is still key.. and while below on H1 the trend is still bearish.. Trade safe.. Peace out...

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Quoting fxpipper

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Selling from 1745. Targeting 1655 or so. Wyckoff Distribution (easier to see without the wicks). {image}

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Quoting Satelly

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I have seen in some of the publications mentioned above that there is a debate about whether this is a bearish or bullish pattern. From my point of view, this was normal. Well, look, interest rates were decided by the European Central Bank, the Bank of England, and also the Bank of Japan, so it was more than obvious that there would be a rebound in their currencies before they took a certain direction based on their data. That's how I see it, in a nutshell, and the long-term uptrend for the euro remains intact unless it falls below 1.16450, and...

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Quoting Satelly

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I have seen in some of the publications mentioned above that there is a debate about whether this is a bearish or bullish pattern. From my point of view, this was normal. Well, look, interest rates were decided by the European Central Bank, the Bank of England, and also the Bank of Japan, so it was more than obvious that there would be a rebound in their currencies before they took a certain direction based on their data. That's how I see it, in a nutshell, and the long-term uptrend for the euro remains intact unless it falls below 1.16450, and...

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Quoting jonasdao

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{quote} So far so yummy. A further pullback toward ~1.1725 would be my wish for christmas.

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Quoting Ata-Turkoglu

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I enjoyed a profitable day.. I hope you did too.. Calling it a day folks.. tomorrow I will check the London opening situation and make a fresh plan.. *For now 1.1755 is still key.. and while below on H1 the trend is still bearish.. Trade safe.. Peace out...

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