{quote} yea i have 1740 area as key level to determine whats next. happy New Year mate! Green pips to you!
Looking for profitable short term trades ...|
- #18,581
- Jan 5, 2026 11:19pm Jan 5, 2026 11:19pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
- #18,586
- Jan 6, 2026 9:12am Jan 6, 2026 9:12am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
Looking for profitable short term trades ...|
- #18,587
- Edited 2:27pm Jan 6, 2026 2:15pm | Edited 2:27pm
- Joined Dec 2015 | Status: Trader | 2,290 Posts
EURUSD H1
trendlines
it looks bad for eur, we can go lower..
The price is currently in a strong descending channel.
Notice that it has just bounced off the upper red resistance zone (supply) and is now moving sharply downward
Liquidity (EQL): At levels 1.1708 and 1.16972
What it means:
These are equal lows, below which there is a large amount of buy-side stop-losses.
The market is now attracted to them like a magnet to “sweep” them.
Brief conclusion
H4 key: 1.1720 (main structural flip)
H1 execution level: 1.17106
The market is bearish (H1 + H4 aligned); current upward moves are only pullbacks.
H4 close ABOVE 1.1720 →
bearish bias invalidated
trendlines
it looks bad for eur, we can go lower..
The price is currently in a strong descending channel.
Notice that it has just bounced off the upper red resistance zone (supply) and is now moving sharply downward
Liquidity (EQL): At levels 1.1708 and 1.16972
What it means:
These are equal lows, below which there is a large amount of buy-side stop-losses.
The market is now attracted to them like a magnet to “sweep” them.
Brief conclusionH4 key: 1.1720 (main structural flip)
H1 execution level: 1.17106
The market is bearish (H1 + H4 aligned); current upward moves are only pullbacks.
H4 close ABOVE 1.1720 →
bearish bias invalidated 
Trendlines H1,H4, SMC
- #18,588
- Jan 6, 2026 8:35pm Jan 6, 2026 8:35pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
The EUR/USD pair is currently trading in a consolidation mode near 1.1700. Following a drop from the 1.1742 high resistance level to the 1.1683 support level, the pair is now awaiting news that will likely determine the next move to test the edges of this range.
Upside Scenario: A break above the range could open the way to test 1.1754/65 and then 1.1780.
Downside Scenario: If the low of the range and 1.1662 are breached, the pair could drop to test 1.1656 and potentially 1.1615.
Daily volatility (range) 52 pips
Significant news - US JOLTS Job Openings
Have a great day!
1H
Upside Scenario: A break above the range could open the way to test 1.1754/65 and then 1.1780.
Downside Scenario: If the low of the range and 1.1662 are breached, the pair could drop to test 1.1656 and potentially 1.1615.
Daily volatility (range) 52 pips
Significant news - US JOLTS Job Openings
Have a great day!
1H
Looking for profitable short term trades ...|
- #18,589
- Jan 6, 2026 10:03pm Jan 6, 2026 10:03pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} So, EUR/USD price did now break down below the purple and blue lines, and it seems like the blue line has changed from support to resistance. However I'm seeing the possibility of yet another bullish spike sometime soon, so I closed 3 short positions and added a long position to hedge partially against the remaining 4 shorts. Current TP for shorts = 1.16626. {image}
So, I kept all the lines from my last post and as you can see EUR/USD price has developed a bearish channel, so I made a new red line on the top of it. So, it appears like it may continue that way for a while until around 1.153 to 1.16 area where the blue line is.
Even still, news can be volatile, and quickly violate this bearish channel. Since we are waiting for high impact news later today, I am equally hedged at this point with 4 longs and 4 shorts. We'll see what happens, then I'll decide how to trade after.
A quick recap of my trading progress since my last post;
I have taken profit of all my shorts and scalped some more longs and shorts with the total ROI from December 3 to January 6 (23 trading days) at +23%. That's much better than the +18% ROI I accomplished from September 29 to December 2 (47 trading days).
So I'm happy and would like to continue trading this way.
Have a good one!
You cannot fail if you never give up.
- #18,590
- Jan 6, 2026 11:36pm Jan 6, 2026 11:36pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts | Online Now
Patience, Emotion Control and Discipline.
- #18,594
- Jan 7, 2026 2:24am Jan 7, 2026 2:24am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts | Online Now
Patience, Emotion Control and Discipline.
- #18,595
- Jan 7, 2026 2:49am Jan 7, 2026 2:49am
- Joined Dec 2025 | Status: Trader | 2,551 Posts
A fool prays for an easier road, a wise man prays for stronger legs
- #18,596
- Jan 7, 2026 2:59am Jan 7, 2026 2:59am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
EURUSD H1
trendlines
Today’s range: 1.1640 – 1.1720
1. Structure and Definition of the Range
Upper boundary (Top): 1.1720 (CHOCH UP level)
This is a critical level for a change in intraday market character.
As long as we are below this level, the range is perceived as bearish distribution.
Lower boundary (Bottom): 1.1640 – 1.1660 (Liquidity Pocket / EQL)
This is the area where the market is searching for a bottom and where the main sell-side liquidity is located.
2. Liquidity Within the Range
EQH / EQL:
The market has formed a clear EQL at 1.1660. This is the lower magnet.
Above price, buy-side liquidity is located only above 1.1720.
Sweep:
Today’s scenario anticipates a sweep of the lower boundary (1.1660 – 1.1640).
If the market performs this sweep and then returns above 1.1680 (micro S/R), the target becomes the upper boundary of the range.
3. Zones and Pivots
Pivot zone: 1.1680 – 1.1700
This zone splits the range into a “cheap” and an “expensive” area.
– Below 1.1700, the market tends to slide toward the lower boundary.
– Above 1.1700, the path toward 1.1720 becomes active.
Main
Resistance:
Located above today’s range (1.1735+).
Main
Support:
Located far below today’s range (1.1540).
trendlines
Today’s range: 1.1640 – 1.1720
1. Structure and Definition of the Range
Upper boundary (Top): 1.1720 (CHOCH UP level)
This is a critical level for a change in intraday market character.
As long as we are below this level, the range is perceived as bearish distribution.
Lower boundary (Bottom): 1.1640 – 1.1660 (Liquidity Pocket / EQL)
This is the area where the market is searching for a bottom and where the main sell-side liquidity is located.
2. Liquidity Within the Range
EQH / EQL:
The market has formed a clear EQL at 1.1660. This is the lower magnet.
Above price, buy-side liquidity is located only above 1.1720.
Sweep:
Today’s scenario anticipates a sweep of the lower boundary (1.1660 – 1.1640).
If the market performs this sweep and then returns above 1.1680 (micro S/R), the target becomes the upper boundary of the range.
3. Zones and Pivots
Pivot zone: 1.1680 – 1.1700
This zone splits the range into a “cheap” and an “expensive” area.
– Below 1.1700, the market tends to slide toward the lower boundary.
– Above 1.1700, the path toward 1.1720 becomes active.
Main
Resistance:Located above today’s range (1.1735+).
Main
Support:Located far below today’s range (1.1540).
Trendlines H1,H4, SMC
- #18,597
- Jan 7, 2026 3:18am Jan 7, 2026 3:18am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
EURUSD
Consideration if we close below 1.1660–1.1640
The 1.1660-1.1640 level is critical in the current situation for several reasons:
1. Market Structure
H4 BOS DOWN level:
On the H4 chart, this level represents the last significant swing low.
If an H4 candle closes with its body below 1.1660, a new BOS DOWN will be confirmed, signaling a definitive continuation of the downtrend into lower zones.
Below the 1.1660-40 level there is a price vacuum (gap), where no immediate barriers are present.
A break of this level can trigger an accelerated move downward toward the main H4 support zone (1.1540 – 1.1560).
Smaller, weak reaction levels:
1.1625 – 1.1630
(H1 micro reaction only, not H4 support)
1.1600
(psychological, but not structural)
These levels do NOT stop the trend; they can only cause a short pause.
Consideration if we close below 1.1660–1.1640
The 1.1660-1.1640 level is critical in the current situation for several reasons:
1. Market Structure
H4 BOS DOWN level:
On the H4 chart, this level represents the last significant swing low.
If an H4 candle closes with its body below 1.1660, a new BOS DOWN will be confirmed, signaling a definitive continuation of the downtrend into lower zones.
Below the 1.1660-40 level there is a price vacuum (gap), where no immediate barriers are present.
A break of this level can trigger an accelerated move downward toward the main H4 support zone (1.1540 – 1.1560).
Smaller, weak reaction levels:
1.1625 – 1.1630(H1 micro reaction only, not H4 support)
1.1600(psychological, but not structural)
These levels do NOT stop the trend; they can only cause a short pause.
Trendlines H1,H4, SMC
- #18,598
- Jan 7, 2026 7:09am Jan 7, 2026 7:09am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
Looking for profitable short term trades ...|
- #18,599
- Edited 9:57am Jan 7, 2026 9:46am | Edited 9:57am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #18,600
- Jan 7, 2026 12:11pm Jan 7, 2026 12:11pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts | Online Now
Patience, Emotion Control and Discipline.