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Based on D1, I could agree with a temporary pullback to 1.1762 area... That way the right shoulder of a potential H&S can be completed... Let's see.. No rush though... the forming of right shoulder can take days... {image}
- #220,286
- Jan 7, 2026 6:12am Jan 7, 2026 6:12am
- Joined Dec 2025 | Status: Trader | 2,517 Posts
4h, 2h closes in 10 min, with news dropping. We probably will see some volatility soon. If I was not in a position further up, I would probably short the built up liqs on 1.1687, SL is more tricky, perhaps on top of London open, as that would be clear invalidation.
Expected a shallow swipe and rejection, we got deep swipe with multiple incursions, until final rejection.
SL above london open would have been protected anyway.
Monday low still target
A fool prays for an easier road, a wise man prays for stronger legs
Im going short again here now. As long as price stays below 1.16950 I expect it to most likely drop down to 1.16600~
Slightly on the riskier side imo as h4 and up have big support in this area with price and emas, so be careful
Slightly on the riskier side imo as h4 and up have big support in this area with price and emas, so be careful
- #220,290
- Jan 7, 2026 6:38am Jan 7, 2026 6:38am
- Joined May 2014 | Status: Full Time Trader | 27,114 Posts | Online Now
On H1, I am looking for new selling opportunity at 1.1689... but this area is very critical... we could also have a break to the upside of channel!
For now, I assume that my bearish channel will hold! But watch!
For now, I assume that my bearish channel will hold! But watch!
Focus only on what truly matters!
- #220,297
- Jan 7, 2026 9:11am Jan 7, 2026 9:11am
- Joined May 2014 | Status: Full Time Trader | 27,114 Posts | Online Now
Focus only on what truly matters!
- #220,298
- Jan 7, 2026 9:45am Jan 7, 2026 9:45am
- Joined May 2014 | Status: Full Time Trader | 27,114 Posts | Online Now
Just as I thought.. quick fake dump and then pump... never surprises me... 
Focus only on what truly matters!
Right now we’re back in a pure fifty-fifty environment, and price could break either way. 
On the very short-term horizon, there’s technically more upside room than downside, but that doesn’t automatically mean price has to move higher. If it manages to clear 1.1700 which has developed into a fairly strong resistance I’ll hold off on shorting and first see how far the squeeze can extend and whether price at least moves close to overbought conditions. On the downside, if we get a bearish break, I’m looking at a maximum extension toward 1.1630, if at all, as price would become quite oversold on the short- to medium-term timeframes by then.
As always, these are just scenarios. I take what the market gives me and react accordingly. Good luck!
On the very short-term horizon, there’s technically more upside room than downside, but that doesn’t automatically mean price has to move higher. If it manages to clear 1.1700 which has developed into a fairly strong resistance I’ll hold off on shorting and first see how far the squeeze can extend and whether price at least moves close to overbought conditions. On the downside, if we get a bearish break, I’m looking at a maximum extension toward 1.1630, if at all, as price would become quite oversold on the short- to medium-term timeframes by then.As always, these are just scenarios. I take what the market gives me and react accordingly. Good luck!
- #220,300
- Jan 7, 2026 10:21am Jan 7, 2026 10:21am
- Joined May 2014 | Status: Full Time Trader | 27,114 Posts | Online Now
Focus only on what truly matters!