EURUSD only

The EURUSD rebounded, driven by a technical correction in the DXY after failing to maintain its upward momentum above the upper resistance zone. Global markets are currently anticipating the release of key inflation data later this week, including the Eurozone CPI and the Fed's favorite inflation gauge, the US Core PCE Index, which serves as a benchmark for future interest rate policy.

Looking at these levels currently.

Sideways on multiple TF.
Is this distribution or reaccumulation? That's the question you should be asking yourself.
Trade the range with a tight stop.
Waiting on a sweep or grab of liquidity before next major leg.

I see few tops and H4 area still no broken. Very tight SL 15ish. Hopefully it can do something~

M15: I am waiting for a nice dip to 1.1638 area to go long again..

Happy trading day folks

Didn't think we would see a dip like this to be honest, caugth me a little off guard, but im in longs too

We are dumping on the 5m chart do you guys think we will reach 1.1604?

I already shorted in1.16442, sadly my strategy tells me where to enter but not where to exit

More bearish than bullish this morning but too flat for me to open a position at this stage.
Bearish engulfing pattern on the H1, buy signals on M15,M5. Volume low.

Long 1.1637. TP 1.1720.

I had my dip.. now stepping down to M5 to get best entry point..

*If any M15 candle closes below 1.1633, I cancel buying..

Bears are in full control of the market, expect bears to hit zone 1.1530

Bear momentum is strong.. I wait...no buying until I see bull interference..

went long here

I can understand buyers.. but I personally stay out until I see M15 bulls fully recovered above 1.16385.. Only then I can restart to look for longs.. No rush!

Today is month end for trading. The monthly is yet to engulf last month, we should expect some serious drop today within the range of 200-300 pips

Must this monthly candle engulf last month's?

On a second thought let's make that 1.1643.... While M15 candles open below, I don't buy!

*But I am also not a seller... for the known reasons I explained earlier...

M15: It is another day where my engulfing strategy worked but I didn't take this one...

*Today, I want the H1 chart to get ripe for bulls.. IMHO, M15 can be risky on choppy and tricky Fridays...

Reading the candlesticks on monthly, that's the reasonable thing to do.

This is the full picture for the year. Last year, we hit yearly 3rd resistance and based on my rules, we are supposed to get to atleast yearly pivot which sits around 1.1240xx area or at most yearly first support. In order to ensure we bounce from these zone, we had to take out last year's high.

Now on the monthly, last month failed to engulf the previous month and this month couldn't take out the highs of last month meaning we are targeting the lows. If the month closes the way it is now, that's a weak bear signal and can even indicate support for next month depending on if we take out the lows. Why do you think last week's high wasn't taken out despite bull pressure and up gaps. When the market ranges for long on the 4hr timeframe, a breakout will be massive.