EURUSD only

Quoting Ata-Turkoglu

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Quick H4 Outlook The chart shows how consistent trend followers have won again and again. Market is generous to those who stick to the trend. (Assuming there is a trend and market is not choppy) Even as an experienced trader I didn't follow trend here and there and I got slapped. Market shows no mercy. Breakout, buy dips... breakout, buy dips... breakout buy dips... rinse & repeat... that's the pattern here.. I am waiting for London opening and a fresh breakout from 1.2001 area to join bulls again... No breakout also means: no buying! Simple! Happy...

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Quoting arjunansh

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There is no clear, well-defined price structure at the moment on EURUSD. The overall picture is still developing. However, the way the recent structure is forming seems to open a path for a corrective move. Based on what is building now, a retracement toward the 1.1840 area looks possible before the market reveals its next direction. This is simply an observation of the current formation, not a fixed expectation. Just sharing my view. The market will decide.

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Quoting JLinder

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{quote} When you say "fresh breakout from 1.2001 area", how do you determine that? I mean, what is the criteria you're looking at? Is it simply that the price goes above that line? That it closes above the area at a certain timeframe? That it closes above, more than once? That it goes above, there's a retrace with a bottom above and then enter? Something else? It might be a stupid question. But this is something I'm struggling with, ie when to enter. I tend to enter at the wrong points in time. Yesterday I totally missed the were big news coming...

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Quoting Ata-Turkoglu

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{quote} Simply: one H4 candle closing above that line is enough (never a guarantee) but enough! The rest is finding best place to jump in. My complete logic was already explained over and over here... Good luck studying! I hope it clarifies. {image}

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Quoting jonasdao

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Powell’s press conference yesterday shifted my bias from long to short for the short- to mid-term. The key takeaway for me was that, at this point, the Fed is weighing the risk of rising inflation slightly higher than a cooling labor market. In my view, the current tariffs—and those recently announced—have likely not yet fully fed through to consumer prices, which makes me more confident that further rate cuts this year have become slightly less likely. I just added to my small short from yesterday and plan to continue scaling in throughout the...

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