Only EURUSD

my plane for EURUSD trade

DXY analysis

Looking pretty strong after pullback

Some more levels for today

1H

down

EURUSD H1
quick view
trendlines

eu has done both! If no bear at the current level and we closed the day with a strong bullish candle… maybe bye bye bear in the short term

Current resistance levels

R1 top – short squeeze target
1.18950 – 1.1900

1. short stop-losses
2. long profit-taking
3. first serious slowdown

R2 (H4)
1.1950

1. maximum squeeze target
2. strong HTF resistance
3. this is where it’s decided whether it’s:
   1. just a squeeze, or
   2. the start of a larger trend

   
   

How to read it now
Scenario A – typical squeeze (most likely)

1. reaction / wick at 1.1895–1.1900
2. pullback to:
   1. 1.1860, or
   2. 1.1845–1.1828

   
   

3. then direction is decided

Scenario B – extreme strength

1. H1 close ABOVE 1.1900
2. no deep pullback
3. fast push toward 1.1950

big $ doesn't give two shits about bulls or bears. All that shit they bought at the bottom of the 'cup' they will distribute up here using bagholders, shorts, longs and dongs to push you into buying or selling while they rotate inventory to go the other direction when all the bulls are fat for the next slaughter. Follow the big money and learn to think like they think. Then just ride the wave like a surfer till its time to get a new wave.

Update. Charts speak better!

Support at 1.1830 now should hold for a ride to 1.1955/65.

Right now is a tug of war some would say between Bulls and Bears or whatever you want to call them. Lots of pin bars Up and Down here. Big $ will either use this battlefield to accumulate more inventory if the Jan 27 high is to be taken out or they can be distributing inventory for quite some time to eventually roll over on the longs and go back South again? The Daily chart 'boxed' by the months looks like going North is a real possibility too. The middle range between the hi and the low of the structure is always the hardest part because the tide constantly shifts grinding up everyone but the Big $. I'm watching from the sideline waiting for a directional bias as going sideways always interfered with nap time after being up 1/2 the night. zzz

189x turned into a support!
tomorrow 1860 may become a support level to fuel the next leg up

EURUSD H1
trendlines

Why it makes sense to close longs today
We are in a “stretch” phase of the trend.

Price is at H4 resistance
1.1900 – 1.1950
This is exactly where:

1. profits are taken
2. the trend slows down
3. consolidation or a pullback often follows

Steep angle of ascent (parabolic push)

1. green channel + orange accelerated leg
2. this is not a sustainable pace

The market needs:

1. a pause
2. a cooldown

Poor R:R for new longs

1. support is too far away (1.1845 – 1.1828)
2. risk is high, reward is limited

Professional approach = protect profits

Weak Traders have been flushed out of their positions since the close Monday of the NY session in the past couple of hours and price is right back up there Long and Strong. Size matters. Many new eyeballs have seen what happened yesterday for the First Time, so, there is a very good possibility another action packed move to the upside is in the works while Big $ is happy to offload more shares they spent weeks scooping up at the bottom.

Waiting for a valid breakup

The EUR/USD is trading with a bullish bias above the 1.1887/90 and 1.1865/75 support levels. It is currently eyeing yesterday’s high and could reach 1.1955/65 if a breakout occurs. Conversely, if the pair breaks below support, 1.1838 is the next level likely to be tested.

Daily volatility (range) 53 pips

Significant news - US Retail Sales


Have great day!

1H