There is a strong rejection of a short side trade. The path of least resistance is up, so following the path.
Accumulation completed -- we are moving higher. Look how stops were accumulated below 1.1680
It looks yesterday's action was a massive fakeout. It is trading where it should not retrace to, so taking a long side on this retracement.
Very bearish action today on a massive volume - took good profits on previous longs and reverted short
A lot of buying volume today, I think bulls are winning this battle and EURUSD is moving higher. On every attempt to move lower it gets stopped and then gets pushed back to 1.17. It's a messy market now, but trying to pick the next move early as it will be explosive at least 150 pips one. Previous short was closed for 20 pips profit. Previous long was closed at...
Struggling to move higher, then it is moving lower - exit at BE with previous trade and reverted short
EURUSD is struggling to move lower - took profits on a previous short position near 1.1675 and long from here. Huge buying emerged now and it all looks as a bull flag.
Today short action was invalidated. Big boys has shown their hands and now we are moving higher. Just pay attention how three times price attempted to break back into the channel and couldn't do that. The path of least resistance is up to new highs.
Accumulation is completed and we are ready to rock higher.
Expecting for Ethereum to bounce from here temporarily. However, it doesn't change the longer-term trend and view that crypto's are heading down.
It looks cryptos are in fashion again - long ETUSD. Look how it was absorbed many times once it went below the support area. I think it's a laggard now, but eventually will need to catch up with a big brother BTCUSD.
It seems there is a strong support in this area and price must be taken higher. Previous shorts were closed yesterday as I didn't like what I saw - huge selling volume was absorbed like a sponge. Obviously someone needs to unload his previously accumulated longs above the trend-line and psychological 8000 mark. It will be also nice to take it to the 61.8% fib...
It seems selling has overcome buying and we are heading down yet again. Entering short EURUSD as it seems it has no prospects of rising up.
It looks SPX has formed a complex three-drive pattern. Future probable trajectory is depicted above, all is invalidated if it moves higher above the stop. I expect folowing pattern to be in play before more shorts jump on board and will be ripe to squeezed out above the old and very strong resistance in the 2814 area.
Long EURUSD from here, and adding more at 1.1735. It looks to me Friday's shorts will be screwed on this move - many of them sold on the wide bar up waiting for a retracement, however such a huge volume didn't take price anywhere. As usual, placing tight stops below the formation, as in trading everything can happen, but with such a high number of shorts on my...
Long gold from here. FED meeting is over and dollar dump continues. Also gold tends to follow crude more often than not, I guess accumulation is completed and the path of least resistance is up.
Thursday and Friday was a blatant accumulation, the target is low 2700's. Favourable Profit:Risk ratio. Longer-term it seems that big boys are looking to take indices to new highs to accumulate more shorts before violently turning down in Q3-Q4
More and more weakness is appearing on the pair every day. Expecting it go to the highlighted area - big boys seem not to be interested taking it higher.