EURUSD

H. --- Quite a bullish show of strength . . . . . Short and watching . . . .

5' --- 2 shorts and SL as shown .

GOLD and SILVER H. --- Formidable strength in Gold.....Silver is showing reluctance... Keeping my shorts and

watching in awe. . . .

Hello TUVALU...

BP 5' --- My E. shorts are stoped.... --- BP SL lowered as shown...

5' --- Exited my BP shorts at 1. 34 43 NOW. and will reverse to long..............

. . . Didn't work . . . .

5' --- Hope this will work . . . .

The 5 minute time frame is your demon, bro. A 15 min "wrapped in a 2 hour Hi-Low zone is almost to close. Lower time frames will whip you repeatedly unless you are scaping impulses which is very expensive commission wise. My humble opinion,. I treid the lowers and kept getting slapped around.

5' --- Thanks 2 CANS.... My SLs are as shown...

JY 5' ---
All my attempts to go long E. and BP. ended been stoped by my SLs. . . .

The only trade that went well is the longJY , as shown.

GOLD and SILVER H. --- I think they are going higher. . . . 23/1/ Fri to 27/1 Tue. is a potential crest IMHO. . . .

H. - I take my losses in both metals now and step aside anticipating higher prices. Will reconsider Fri-Tue.

Respect the TREND . . . . .

JY 5' --- WTF was that. . .? ? ? 190 pips in 5 min. . . . .

Good morning to All:

Headlines for the markets:
Gold hit a fresh record high of $4,967/oz; Silver surged above $99/oz.
Nasdaq Composite advanced 0.91% after Greenland tensions eased.
USD/JPY rose to ¥158.60 after Japan’s central bank held its rate at 0.75%.

Headlines Simplified:
Gold hit a record of $4,967/oz.
Silver surged above $99/oz.
EUR/USD bounced to $1.1750.
USD/JPY advanced to ¥158.60.
Bitcoin steadied below $90,000.
Nasdaq Composite gained 0.91%.

GOLD H. --- . . . .Almost there. . . .

SILVER H. --- Almost there. . . . .

SILVER 5' --- Short NOW. . .

GOLD 5' --- No position here , yet . . . .

Hi traders
A bearish RSI and MACD divergencies are forming in M5 TF ( look at the chart below).

If the price closes below the upper trend line, this market structure will be broken. However the safest place to open shorts would be below 1.1814. If that doesn’t happen, we may be off to 1.1920, but this requires confirmation which may come by breaking above 1.1830.

Happy trading

The EURUSD price action on the H4 time frame is bullish. The technical prints support northward liquidity engineering to an intra-day area of value such as the 1.18200 area (red), which is proximal to the 88.6 fib retracement of the bearish swing traceable to May 2021.

I may be wrong. Trade safe and prosper.

KP