EURUSD only

ok primo targhet... adesso aspetto il 61.8 di fibonacci.

Attachment p

The divergences that have been evident on the hourly chart since last Wednesday are still in place, which should actually still suggest a stronger rally is coming soon. But now the zone around 1.1420 has effectively been broken, and the EURUSD has just hit a new yearly low, albeit by a narrow margin. Now, the bulls’ very last hope is a double bottom (daily chart) around 1.1410. It is also back in oversold territory, which would essentially suggest another rise is imminent. Let’s wait and see.

(4H Chart)

EURUSD H1
Buy now at 1.1409
TP: 78 pips
SL: 55 pips

based on the market context very strong down trend continue if you miss the entry level, better wait for pullback if happen.


Based on our current chart reading on EURUSD:

1. Moving Average: Downtrend
2. Bollinger Bands: Downtrend Breakout
3. RSI Momentum: Downtrend (Accelerating)
4. Structure: Very Strong Downtrend Bias
5. Signal: Confirmed (Open sell order)

Market Outlook: The current price of 1.14093 is already well below the Entry Point (EP) of 1.14270 and is actively moving toward the Take Profit levels. This is a late entry; it is better to wait for a potential pullback toward the EP area before considering a position.

1. Entry Point (EP): 1.14270
2. TP1: 1.13830 (44 pips)
3. TP2: 1.13537 (73 pips)
4. SL: 1.14563 (29 pips)

Note: Decision is yours, forex is risky.

Bulls make money, bears make money....and hogs get slaughtered

Waiting for reatest and sell.
(weak support)

4HR, EURUSD

Which is hogs?

1.1408 H4 open. Below this, it's a magnet for the bears. We need a reclaim above and close above 1.1408 to have any chance of moving higher.

The bears have already made their money today, the bulls r just about to get theirs....n the hogs r thinking the sell will continue

Trade what you see, not what you think.

In my opinion

1- This is the most difficult scenario; you cannot sell because the price is very low and has not undergone any upward correction.

2- At the same time, buying in anticipation of an upward correction is a weak play; there are insufficient signals to justify opening a long position.

3- I will look for buy signals—if any appear—aiming for a correction, after which I can resume selling.

4- I am monitoring the situation.

It’s currently oversold across the board—on the minute, hourly, and even daily charts! In some areas, it’s even extremely oversold, which really screams for a long position, but I’m holding back for now and watching how things play out. In any case, a massive reversal is coming, but it could still fall further first.

Update: Although they have the upper hand, things are getting more dangerous for the bears by the minute as the situation becomes increasingly extreme. The question will be who blinks first.

[+]
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Buying @ 1.136 - 1.133

New York, do you harbor any bulls?

We have so many bulls in NY we are sending many to Texas today to be slaughtered