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  • #220,161
  • Jan 5, 2026 11:36am Jan 5, 2026 11:36am
There are days like today where you simply miss everything because you’re waiting for confirmation and the market just runs without you. As mentioned, 1.1660 was the support, but without confirmation I didn’t go long even though that was the plan and I don’t like chasing price.

Now we’re trading above 1.1702, which I had mapped as resistance, currently just below 1.1720 and the day’s high. So what’s next? Price could still squeeze higher toward 1.1734–40, where I will definitely look to short, even without confirmation.

But what if it only tags 1.1720 and then rolls over? In that case, we’ll have to see whether it can break back below 1.1702 or whether that level holds as support. Which means, once again waiting and letting the market show its hand or just take a blind short.
  • #220,162
  • Jan 5, 2026 11:48am Jan 5, 2026 11:48am
Quoting Leser
There are days like today where you simply miss everything because you’re waiting for confirmation and the market just runs without you. As mentioned, 1.1660 was the support, but without confirmation I didn’t go long even though that was the plan and I don’t like chasing price. Now we’re trading above 1.1702, which I had mapped as resistance, currently just below 1.1720 and the day’s high. So what’s next? Price could still squeeze higher toward 1.1734–40, where I will definitely look to short, even without confirmation....
My first trade for the day I lost because of blind entry, for my second one, I got wicked out, but I was still within my daily loss cap [lost 0.5% in 2 trades], and re entered my third trade... [essentially a continuation of the second] definetely would have rather avoided this day, but given my very little experience, and me starting just 2 months ago, I wanted to collect as much data today and I am glad I did...
2000 elo sometimes...
  • #220,163
  • Jan 5, 2026 11:49am Jan 5, 2026 11:49am
Im new to trading and wasnt doing too good my first few trades, I signed up here and starting reading all the prior posts and cross referencing with the chart history. Man, Ive learned alot from you guys in a very short period of time. Just want to say thanks and please keep posting. Happy New Year! (I read the rules for posting also)
  • #220,164
  • Jan 5, 2026 12:21pm Jan 5, 2026 12:21pm
I love it when days are easy to trade like this one. Difficult days will quickly bring me back to reality.
  • #220,165
  • Jan 5, 2026 12:37pm Jan 5, 2026 12:37pm
Touching the upper edge of the descending channel or a breakout and change of direction?
  • #220,166
  • Jan 5, 2026 12:40pm Jan 5, 2026 12:40pm
If we end the day with this candle, I'm going to change my forecasts upwards.
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  • #220,167
  • Jan 5, 2026 1:01pm Jan 5, 2026 1:01pm
Was scouting a long in the area circled. Unfortunately was asleep for the touch haha. Now looking to enter (long) as shown....
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  • #220,168
  • Jan 5, 2026 1:07pm Jan 5, 2026 1:07pm
I think a retest to 1.17 and then after that 70+ pips bull move is expected
  • #220,169
  • Jan 5, 2026 1:07pm Jan 5, 2026 1:07pm
Let’s see whether price starts to roll over from here. If it does, I’d expect a retest of the current support zone around 1.1700–1.1690 (red box). On the very short-term timeframe, momentum is slowly drifting into overbought territory (red circle), and we’ve seen before that it can already turn from these levels.

It doesn’t necessarily need to become fully overbought, as it’s already stretched on the micro timeframes. On the higher timeframes, however, conditions remain neutral, meaning there’s still plenty of room to the downside, but technically the upside is also still open.
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  • #220,170
  • Jan 5, 2026 1:18pm Jan 5, 2026 1:18pm
Quoting AlfieSolomon
I think a retest to 1.17 and then after that 70+ pips bull move is expected
A pullback to 1.1700 would carry little significance for me and I would not consider it a meaningful test.
From my perspective, a move into the 1.1680 area would be required to qualify as a valid retest.
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #220,171
  • Jan 5, 2026 1:22pm Jan 5, 2026 1:22pm
Quoting jonasdao
{quote} A pullback to 1.1700 would carry little significance for me and I would not consider it a meaningful test. From my perspective, a move into the 1.1680 area would be required to qualify as a valid retest.
We have unfinished business on 1.177 territory brother the price will hurry to rush and attack that area
  • #220,172
  • Jan 5, 2026 1:41pm Jan 5, 2026 1:41pm
Quoting Leser
There are days like today where you simply miss everything because you’re waiting for confirmation and the market just runs without you. As mentioned, 1.1660 was the support, but without confirmation I didn’t go long even though that was the plan and I don’t like chasing price. Now we’re trading above 1.1702, which I had mapped as resistance, currently just below 1.1720 and the day’s high. So what’s next? Price could still squeeze higher toward 1.1734–40, where I will definitely look to short, even without confirmation....
If market always gave confirmation aka re-tests we would have many billionaires as retail traders.

One of the problems with confirmed trades is the invalidation is way too much risk, compared to entering normally and often it dont even happen, price just runs from you, instead of re-testing.
A fool prays for an easier road, a wise man prays for stronger legs
  • #220,173
  • Jan 5, 2026 1:50pm Jan 5, 2026 1:50pm
Quoting Riziq-Cap
{quote} If market always gave confirmation aka re-tests we would have many billionaires as retail traders. One of the problems with confirmed trades is the invalidation is way too much risk, compared to entering normally and often it dont even happen, price just runs from you, instead of re-testing.
There is a great quote: "Be a seer, not a looker!" [Ata-Turkoglu]
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #220,174
  • Jan 5, 2026 3:09pm Jan 5, 2026 3:09pm
I see 1.8670
  • #220,175
  • Jan 5, 2026 3:10pm Jan 5, 2026 3:10pm
not my day at all today, but it's days like this that make me proud of joining this community; despite the losses, I wasn't alone, and could interact with you guys, so I thank everyone that interacted today and made this day better! I am going to take a short break, so see you guys!
2000 elo sometimes...
  • #220,176
  • Jan 5, 2026 3:11pm Jan 5, 2026 3:11pm
Quoting CristianGT
Good morning, Everybody I'm thinking that EUR USD formed a Cup over the last few weeks. Yesterday’s Head and Shoulder 40 pip drop caused me to believe it was the handle of the cup, See screenshot. Took buy and am expecting bullish movement for the next few weeks. Do you agree with this analysist or am I missing something {image} {image}
I believe was right with this call earlier I got the buy at the lowest point and took a solid 50 pips today. The rest of the day it will probably be moving slightly up. If this is actually a cup it will be moving up to 1.2 maybe more. Let’s see how this plays out. My best guess is that it will sweep a low again at some point tonight in the Asian session then continue the move up tomorrow. Will be aiming for a buy again around 1.17. Which is half way down to through the 1 day candle as shown in the images. Let me know what u think
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  • #220,177
  • Jan 5, 2026 3:19pm Jan 5, 2026 3:19pm
Quoting TomIsTheGoat
not my day at all today, but it's days like this that make me proud of joining this community; despite the losses, I wasn't alone, and could interact with you guys, so I thank everyone that interacted today and made this day better! I am going to take a short break, so see you guys!
Open a demo account, you can get confidence and experience for free.

tbh, when you are new to trading, getting hurt is a good thing, its a lesson dressed in a punch. I wasted 2 years because I started trading during a bull market, thinking actually knew anything, when it was all luck. I gave it all back and more + a big detour.
A fool prays for an easier road, a wise man prays for stronger legs
  • #220,178
  • Jan 5, 2026 3:19pm Jan 5, 2026 3:19pm
Quoting Satelly
{quote} Okay, if you’re going with the trend, you should buy below 1.16810 and at lower prices, because I see the price is likely to return to those levels. The probability is high, so I recommend not buying above 1.16810 before London. The fuse is already lit; all that’s left is for the rocket to take off. {image}
A beautiful sell-off for the euro also occurred. I hope you bought below 1.16810 as I mentioned. I'm now bullish; the price has no chance of falling any further, and the sell orders will be used to start forming an upward channel. I'm buying from 1.16661. The support levels at 1.17150 and 1.17000 are very strong and will act as resistance for the bears. We'll see how things develop tonight.
Attached Image (click to enlarge)
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Don't fear risk; fear your ignorance.
  • #220,179
  • Jan 5, 2026 3:31pm Jan 5, 2026 3:31pm
Quoting TomIsTheGoat
not my day at all today, but it's days like this that make me proud of joining this community; despite the losses, I wasn't alone, and could interact with you guys, so I thank everyone that interacted today and made this day better! I am going to take a short break, so see you guys!
If you feel bad about losing money, something's wrong. Relax, we've all lost enough money at this. I recommend the same thing as Riziq-Cap: open a demo account. If you don't feel confident with a real one, start with the demo and find a strategy that suits you until you feel ready to go for a real account. Every time you win a trade, don't say to yourself, "Damn, that's money I could have won with real money." On the contrary, imagine the demo is the real one, and if you lose money, imagine it's real money. You'll gradually train yourself psychologically to accept it, and that's okay. That's the only way you'll truly learn. A fixed strategy, psychology, and patience are all you need.
Don't fear risk; fear your ignorance.
  • #220,180
  • Jan 5, 2026 3:38pm Jan 5, 2026 3:38pm
Quoting adrielt
{quote} Few pips away from hitting my tps and pending buy orders so im still waiting for 1.16711 to be swept into, all positions are currently up quite a good amount, to be safe I closed half of my position from the 2 shorts on friday at ~1.16880 at +60pips just in the slight case we start to see bullish movement from here without going any lower as price was only like 1-2pips away from my tps and pending long, all stops are at break even, still leaving half of my position from 1.18042 open will just let that run to 1.16711 along with the remaining...
Tp hit, +133 pips from first short, +60-70 pips from other 2 shorts, pending long triggered currently up +50 pips took some partials out at 1.17220, unfortunately my second pending long was only less then a pip from getting hit but regardless still got a super good entry at 1.16711 so cant complain will just look for additional longs in the next few days based on how markets moving.
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