Yes, I know my chart looks Sloppy, but when you analyze the 5min chart for price action, it's going to look that way. Now... First Piece to this puzzle DXY RSI divergence with Price Action. Looks like we should see a bullish Dollar after breaking a new low. And I wouldn't trade this Until we have confirmation that it does break a new low and/or comfortable with...
I'm practicing the reasoning I would have to trade a specific direction for a daily Bias. Today, November 19, would be a sell bias. We've reached another resistance area that could not be broken and have a few daily lows that can easily break. Not only that, there have been some false breakouts aka "Turtle Soups" that have resulted in a short drop followed by a...
Kinda Self-explanatory. Price hit a major breaker. The goal is for the take profit to beat the current low and the stop loss to be just above the current swing high. Plus it just changed sentiment and when measured with a fib, it's already bounced off some key levels. Maybe expect it to get a little higher at the cluster of breakers but there is where I would...
As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just...
Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart...
As soon as price entered around the Bearish Order Block of 1.18400 I expected a rejection and on the 5 min you can see one. (Order Block Formed) (Rejection) Tell-Tale sign we're in for a big drop that could take days/weeks. If it start's to push in higher, I would honestly expect that too as I've been taught that the orderblock is most likely to get priced...
Hello and welcome back. If you found this idea helpful, please leave a like. EURUSD is in an area where we could go into consolidation. It was unable to go higher last week. From a directional standpoint, if I were to choose a side, I see lower prices targeting the lows at 1.1685 and if we run hard, 1.1615. It is very hard for me to gauge anything due to the...
Hello and welcome back. If you found this idea helpful, please leave a like. I still see higher prices for EURUSD. I saw more of a retracement than I would have liked, but the current structure in place from what I can see is still bullish. If we take out the intra-week low and start expanding, I am probably wrong. Until then I am still looking for higher prices....
Hello and welcome back. If you found this idea helpful, please leave a like. Even in uncertain conditions and with the election around the corner, EURUSD produced higher prices like clockwork. I am expecting the same thing going into next week. We can retrace back into the pink box, but I would rather not see that. I am expecting EURUSD to move into 1.1850 and...
As I have EURUSD pretty mapped out if you've been following my ideas, I'm, just giving an update. I sold the breaker at 1.18260 as a breaker is usually an indicator to sell.My stop loss is only 4 pips because it got pretty high above the breaker before I sold. And we need a pull back before moving forward to the next bearish order block which will be the next big...
Hello and welcome back. If you found this idea helpful, please leave a like. As the states get closer to the election, uncertainty within the markets is rising. I am still favoring upside in EURUSD and expect the highs above to be taken out and perhaps trade higher into the rectangle outlined above.
Due to the major shift yesterday, my daily bias is to be bearish. And even though we have not made a lower low, we have yet to create a higher high so I'm being a little aggressive with a bearish call since I don't have as many confirmations as I would like to have. I pulled fibs across a few situations and entered on each three of those situations shown and 3...
CoT has the commercial banks shorting the EURUSD still. Yeah, they added a few long positions this weel, but that was to get back to a level they wanted to add more shorts. They/ve been shorting since the height of the Pandemic swing. so for the Central banks to start being profitable, the price will have to be below 1.13500. If you draw a fib from the start of...
Hello and welcome back. If you found this idea helpful, please leave a like. Last week was very tricky for me. It was one of my tougher NFP weeks I've had all year. Anyhow, I believe EURUSD has formed a low and I will be looking for higher prices. My idea for 1.1500 will need to be put aside for now. First objective would be 1.1800 and then trade into the blue box.
Welcome back. Please give this idea a like if you found it helpful. EURUSD is looking to target 1.1500 intermediate term. I am bearish unless we trade above 09/23/20 daily high and do not reject.
If you found this idea helpful, please leave a like. EURUSD is not out the woods yet. Euro news is still to come on Wednesday. I do hold a short bias for this pair, but I believe the better trade/short will be in GBPUSD. Refer to the related ideas below. The red lines are my objectives for EURUSD.
If you found this idea helpful, please leave a like. GBPUSD is currently consolidating. Because of this, it can go both ways. I am waiting for the high impact news events for this week to give me more information. Neutral stance.
If you found this idea helpful, please leave a like. EURUSD is still bouncing around in the range that I have defined. There is lots of high impact news this week, so I am expecting some volatility. I am neutral at the moment, but if I had to choose a side, I'd like to see it go lower from here.