DXY OUTLOOK
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Trading EURUSD only 43,756 replies
Eurusd-5m Trading Only 110 replies
LIVE Trades Only : EURUSD & GBPUSD 123 replies
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
Script to change EA to long only/ short only at a price level? 1 reply
Dislikedaccordin tf H8, price has moved after the news on IRAN-US deal with inertia due the empty volumetric of asian session as VROC(25) has printed, to the upside the historical POC @1,1650 can be seen again, the cluster around it is well guarded by bears, let see if they give up. My bias remains bearish anyway. {image}Ignored
DislikedEU trading in a triangle and a H&S pattern is formed at a resistance zone .... {image}Ignored
Disliked{quote} All of your major trendlines are rising and last week was down and back up through daily order blocks. The only way that happens is if big money is supporting (buying), if not, then price would still be making lower highs and lower lows. Pattern recognition is manufactured, if there really is any. Reading price action and candle structure is more accurate. Look at the length of the recent up-white candles vs the red candles (Elephant Bars). Which are there more of at the end of the last week prior ( and today) vs the beginning of last week?...Ignored
Disliked{quote} A chart pattern is only as valid as the trend it’s trying to reverse—a Head and Shoulders means absolutely nothing if there isn't a clear, established uptrend preceding it." It is literally a reversal pattern: By definition in technical analysis, a Head and Shoulders (H&S) is a major trend reversal pattern. You cannot reverse a trend that doesn't exist. If the market is moving sideways (ranging) or already in a downtrend, finding a "Head and Shoulders" is just looking at random noise. The psychology behind the pattern: The pattern represents...Ignored
DislikedOver the past three hours, futures volumes have jumped 45% above their intraday average. This increase, combined with the price surge (Effort with Result), indicates that New York trading rooms have attacked the order book, selling dollars to inject liquidity into US equities ahead of tomorrow's Fed meeting. Cluster around 1.1650 is getting closer, more likely to be touched tomorrow.Ignored
DislikedNot too much money expiring at todays options but take a close look at tommorows expiries especially these near (except 1.1500 11.1 billion!) at the 1.1630 to 1.1655 band. Normally a run into these is expected with a fade out lower later. Release to watch: FED interested rate decision. If the new chairman sounds dovish then expect this zone to turn into support later. {image} This is just a scenario and not advice to risk with real money.Ignored