Trades based on Market Geometry and Price Action

think i might short ch jp below 95148...its in a supply area to me

yes you are right...
short chf/yen at 95.04 sl=50 pips tp1=94.50 tp2=94.00

if this go well, i could add another position later..

happy pips

good stuff, eu looks like its forming a similar pattern for a short

yes ...almost. i only need more confirmation . i'm also watching eur/gbp

yeh eu gb looks like that too...guess there is some euro weakness coming

possibly

Will this thing come down already?

according dailyfx:

EUR/USD intraday: the upside prevails. Summary: Update on supports and resistances. Story: Pivot: 1.4325.
Our Preference: LONG positions @ 1.4335 with targets @ 1.4435 & 1.45.

Alternative scenario: The downside breakout of 1.4325 will open the way to 1.429 & 1.425.

Comment: the RSI is supported by a rising trend line, the pair remains within a bullish channel.

Trend: ST Ltd Upside; MT Range

Key levels Comment

1.4565*** Intraday resistance
1.45*** Intraday resistance
1.4435*** Intraday resistance
1.4381 Last
1.4325** Intraday pivot point
1.429** Intraday support
1.425*** Intraday support

GBP/USD intraday: rebound. Summary: Update on supports and resistances. Story: Pivot: 1.6180.

Our Preference: LONG positions @ 1.619 with 1.626 & 1.6285 as next targets.

Alternative scenario: The downside penetration of 1.618 will call for a slide towards 1.615 & 1.611.

Comment: the pair stands above its support and remains on the upside.

Trend: ST Ltd Upside; MT Range

Key levels Comment

1.6325*** Intraday resistance
1.6285** Intraday resistance
1.626*** Intraday resistance
1.6224 Last
1.618** Intraday pivot point
1.615** Intraday support
1.611*** Intraday support

For me myself, I see a impulse wave completed for Euro and a flat on GU, which would favor GU to fall first.

thx for sharing...but i have never seen such a non moving market...chf/yen remain the best trade

Resistance seems to have been tested thrice without breaking while bear could not bring down the lows below the previous low. Perhaps it will be wise to take a break and monitor. Drastic movement could be more possible towards the upside in my opinion if it breaks above

I made 22 trades so far this week: 3 of them break even, no losses.
5 still open....

drastic movement is to come. but in which direction. i think bull are getting a bit stronger

Btw I'm referring to gu trades. Waiting for this last bear movement before I make the decision to stay in short or to stay aside and monitor. But I hope big bears appear soon lol

Both EU and GU limited upside capability.
EU could go to 1,446 (61.8) and GU is more in a corrective mode stalling at 38.2 now.

GU is the first now, in 45 minutes maybe helped by MPC meeting minutes, probably bad news leaking out. big boys are selling.

See: GU is first, then the decline for EU will come

in 1hr we will have a clearer view...

i just bought the nzd/usd break out at 0.8149 sl=0.8100 tp=0.8250 area

i think the chf/yen will start its move soon