EURUSD only

Again every M30 candle with unretested candle low- uprange

(And the banks also have much more sophisticated hedging mechanisms than most retail traders, so they don't need to tip their hand on the spot market tape.)

It might even go higher, but I don’t want to push it. I’m out right now (1.1790).

Scheisse! Scheisse Scheisse!

Hmm, looks like a certain central bank on the western Pacific rim might be doing some thing here.

(A thing that has a track record of only "working" momentarily before the markets negate the thing.)

️

Closed at 1.1776 with a 58 pip loss. Now flat. I never would have expected it to just take off like that.

I will go much higher .

Poor short traders.

Should it hit 1.185 before the weekend, I will be amazed.
Will watch from the sidelines

USA seldom moves the amount of military mass it has moved in the last week or so without strong intent to use it.

I would not carry a EURUSD long into this weekend.

I agree, but neither would I want to hold a short over the weekend.
If it escalates, it could go (IMO) in different ways.

My targets wil be much higher.I think 1,22 would be a good,target.

Have a nice weekend.

Most of today's EURUSD run seems to be from USD selling based on rumors of BOJ intervention.

These episodes tend to blow over quickly because for one, BOJ does not have the firepower to overpower the markets, and two, they are more concerned with fx volatility than absolute levels. If they can persuade UJ to trade sideways, they will dial back intervention threats.

I really don't know what to say, LoL This week was something. I didn't expect it to skyrocket. I'll love if someone can explain what happened or the exact news that caused this. Have a lovely weekend.

A lower timeframe reversal like 5m or 15m could be good setup for short pulling the tp towards 1.17700 and then again going long making the trendline as our support

for me, long trades can be added but no short

Inverted Head and shoulders with target 1.1844

Airlines are voluntarily canceling flights to the Middle East "until further notice." Escalation feels likely.

My thoughts are with ordinary people.

I’m out until Monday.

Quick study of my latest loser trade... (We always have to analyze our mistakes to improve!)

1. I had the idea to short at point 0 trusting the channel... Some distraction came in and I had to handle things. During that time candles broke out and above of that channel. I came back and noticed that I now can get a better price than I planned and opened a sell order at 1.1727 (because I was also relying that my H4 Gartley pattern idea can add additional resistance at 1.1758. That gave me extra confidence.)
2. But since candles broke out in a bullish way no bearishness was to be found afterwards. Price went higher to point 1 and started hitting the upper edge of my next trendline. Because I was invested bearish, I decided to wait... This could turn...
3. At point 2 I even took a second scalper order to squeeze out some extra profits to compensate for the drawdown of my first order. It worked. I could squeeze out some profits. But every time I closed a winning scalper sell, the reality was: My 1st order was still under water.
4. At point 3 I said, ok finally bears kick in and I probably will be able to close my 1st order with profit. But nope. the very next candle went straight up and at that moment I knew that I was in the wrong direction. But I decided to wait because I was invested short.
5. At point 4 it was clear to me that I needed to get rid of the short order. From experience, I know that once candles open back above a major trendline (and in an insisting way) it is very rare that they close back below. So I used the following dip to get rid of my short order. I closed it at 1.1755 with -28 pips.
6. And finally, after taking the loss, I had to switch back to bullish. Then I simply looked for long opportunities until market close.

So there you have it. I hope my thinking process helps the learning members...

Next week I want to start with watching W1: 1.1840 resistance area to see if we have rejection or not. From there I will make a new plan on H1.

Enjoy your weekends folks and hopefully we meet again on Monday..

Peace out...