Only EURUSD

glitch in the matrix? coincidence? -.37% retrace

EUR/USD closed lower this week, forming a bearish pin bar, but it remains above critical support levels that keep the broader uptrend intact. As long as 1.1615 holds, the targeted resistance levels are 1.1804/20 and the 1.1919 high. Additional support levels above 1.1625 are located at 1.1700, 1.1682, and 1.1655.

Next week is a Christmas holiday, shortened week in both Europe and the US. Reduced trading volume may lead to unwanted volatility above or below the levels mentioned, or result in slow, range-bound trading conditions.

Weekly volatility (range) 68 pips

Significant news - US GDP QoQ, US PCE Price Index, US Durable Goods, US Consumer Spending, US Industrial Production & US Initial Jobless Claims.


Have a great week!

4H

We can expect the price like this

EUR/USD is trading near support at 1.1700 that might break this week, as long as the 1.1763 resistance holds the short-term downtrend started from the 1.1804 resistance. It should be a ranging week ahead of Christmas, but thinner liquidity might see choppier moves than usual, so be wary of these. Support is seen at 1.1682/72 and 1.1655.

Daily volatility (range) 32 pips


Have a great week!

trying to regain 10 day sma still very bullish

Entered long on EU

i am locking for entry plane on this level
1.17399

EU is testing resistance. Now possible is going back to 1.1738/22 where the break happened for more loading or some higher first at 1.1775/80. Not selling just observing!

EURUSD rose overnight. The previously broken resistance at 1.1763 now serves as support. This support, combined with the 1.1738 weekly pivot point, is expected to hold, suggesting potential for further upside. However, the pair must first clear the 1.1780 resistance to target 1.1804 and 1.1820.

Regarding news, the US GDP Quarter-over-Quarter (QoQ) report is scheduled for release and is expected to show a lower figure.

Daily volatility (range) 35 pips

Significant news - US GDP QoQ


Have a great day!

1H

Eurusd H1

closed with +60 pips

Well done! It was a risky trade. A less dangerous trade would be after the close and retest of a candle above the lower channel trendline around 1.1740. These areas need caution for sudden moves as higher timeframe traders could enter.

Anyway it worked!

Yeah it was ... i saw a cross over of 20 and 50 moving averages on H4 TF and it gave me the confirmation to buy

You spot it well, keep up!

Bullish surprise for the dollar!

USD Prelim GDP q/q

4.3% 3.3% 3.8%

I'll close for today and will come back next year. Until then...

Happy Christmas and a Wonderful New Year!

Wishing you and your loved ones a holiday season filled with joy, warmth, and peace, and a New Year full of happiness and success.

Thanks Master James. for your warm and kind gestures, It flits the heart to see how much impact you made here. Your opinions changed my mindset in trading!made a different in my life! I wish you the BEST!! ONCE AGAIN THANKS SIR JAMES https://lh3.googleusercontent.com/pr...oZPbgdhI6Cjibr

EURUSD H4
trendlines

MAIN R: 1.1795 – 1.1815

EURUSD – 1.1800 → 1.1860
We go to 1.1860 ONLY IF:

1. BOS UP above 1.1805 (H1 close)
2. Clean break of the range high 1.1795–1.1815
3. No immediate rejection (no sweep + return back below)

Then the range is invalidated and a liquidity pocket opens → 1.1860

NO, we do NOT go to 1.1860 IF:

1. Sweep above 1.18 + return below 1.1760
2. Rejection at the Main R
3. Failure of an H1 close above the range high

S: 1.1760 – 1.1764 (if it holds from above)
R: 1.1760 – 1.1764 (if rejected from below)

H1 EURUSD
trendlines, patterns

1. Micro R: 1.1780–1.1790
2. Micro S: 1.1760–1.1764
3. Decision S: 1.1730–1.1740
4. Main R: 1.1795–1.1815
5. Main S: 1.1605–1.1620

On the H4 chart we can see that we are in a rising channel.
And everything that’s happening on the H1 chart shows whether the path upward is really easy or not.

What currently applies on our charts
Structure: wedge / diamond / bullish flag → exists

– H1 below R → SELL
– H4 trend → BULLISH context
Price moved down from the diamond (H1)
We are below R (H1)
The last key HL has NOT been broken
The move down so far is:
– corrective
– without a clear impulse
– without a confirmed structural shift
This means:
the trend is weakening, but the structure has not yet changed its character

What the H1 diamond + rising wedge are telling us
Not:
“the trend has reversed”

But:
“momentum is weakening”
“buyers are losing control”
“the risk of continued longs is increasing”