EURUSD only

The EURUSD pair has crossed the middle band and shifted into a more bearish channel. The US Dollar Index is currently up around 0.34% at 99.252. The Iran-US-Israel war has impacted safe-haven flows in both the USD and gold. The rise in the DXY tends to pressure the Euro, which is under pressure from high energy prices, impacted by the Middle East war.

buy 1.1540
target 1.1600

contraction box strategy

My 5m projection of a bullish reaction at 1.15565 failed. Price has little left inside the low at 1.15071 to keep holding price up so I am looking for a temporary bullish move to pivot to bearish. Yesterday the bearish pivot at 1.16459 was missed by 3 pips, indicating the unreliability of price action currently.

1H
The 1H bullish POI (1.15725) was broken leaving nothing at the low of this bullish range to hold price up. However, the 4H bullish POI (1.15754) has been broken but the structure still holds. This may be just enough to see price push a little higher today before the low is taken. I am looking to target the next bearish POI (1.15842) as the first sell opportunity followed by the next at 1.16214. Given the bearish sentiment I am not confident either of these POI's will be mitigated.

5m
The same sell opportunities as the 1H have been marked. The first obstacle is the series of bearish POI's at 1.15614. If price breaks this the next targets are the same as the 1H. At this time frame the POI at 1.15842 does not have a clean bearish range. The POI at 1.16214has far more 5m liquidity.

The 1.1570-60 zone did not hold, which is why the situation has turned bearish. It is becoming more difficult for the bulls to spark a rally with each passing day, especially in light of the increasingly escalating situation in the Middle East. This will not be a sure-fire success, as so many have naively hoped. For Europe, it is increasingly becoming a disaster. Regardless, I have been bearish for quite some time and I think the EURUSD is likely to fall below 1.15 soon, with a target of 1.1470. That's why I'm no longer playing longs, not even for a possible long scalp, but am using every rise to build up new short positions.

Good morning guys.

In a confusing PA like this one, the best thing to do is to keep things simple.
In the 4H I see a range, there is no clear intention in any side of the market.
M15 is no better as it is indecisive to where it wants to go.

So I kept a very simple analysis. And as always, I wont try to predict anything, as that is an impossible task, I will just let the market decide and I'll follow.

Is previous week low reversal level?

im also in long with you but im waiting for asia high to break

Target hit? No, maybe soon
Do you predict the weather too? What about the lottery?

ts lowk tuff ngl

Now price should head for the 1.150 levels

Because?

God’sClown said so

hi
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define break for you… 15m to close above would be a break?… otherwise h1 can jump 40 pips and you missed the trade…

are you saying to buy and wait on the hour

M15: I am inclined to temporarily buy dips towards 1.1540/50, on this timeframe..

teach me im new to this

i might get buy entry soon