Today, all I care is 1.1762 resistance... (See D1 chart below!) While intraday candles H1 and H4 close below it, I stay bearish! Nearest bear target sits around ~1.1706 area... {image}
Today, all I care is 1.1762 resistance... (See D1 chart below!) While intraday candles H1 and H4 close below it, I stay bearish! Nearest bear target sits around ~1.1706 area... {image}
.My target would be 1.1727 though, basically at the sweep, given it’s a friday…
2000 elo sometimes...
- #220,983
- Jan 23, 2026 2:32am Jan 23, 2026 2:32am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #220,985
- Jan 23, 2026 4:06am Jan 23, 2026 4:06am
{quote} Just a quick note: Jerome Powell’s term doesn’t end in March. His current mandate as Fed Chair runs until May 15, 2026. His Board seat itself lasts even longer, until January 2028.
Powell’s term runs until May.
- #220,989
- Jan 23, 2026 5:32am Jan 23, 2026 5:32am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
The price action shows that the bears are still not really stepping in, even though they would have good reasons to do so. That, in turn, suggests that the bulls will most likely attempt at least one more push higher, how far remains to be seen. In my view, the move should run out of steam somewhere between 1.1760 and 1.1775. However, if price continues higher and manages to close above 1.1760, the door would be open for further upside, and I would have to close my short definitively. 
- #220,993
- Jan 23, 2026 9:54am Jan 23, 2026 9:54am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Most critical hour of this day... Let's see how reaction to 1.1758 will unfold... 
Focus only on what truly matters!
