Has EUR Topped out and has GDP been enough to put the nail in the coffin? Price is continuing to reject extreme prices and this was anticipated from 1.1045 and 1.1056 Higher time frame level's. However Buy Side took over to close out the NY Session. Maybe this is a precursor to a Bullish /Optiumistic CPI release tomorrow and a rise in EU. This is my Bias for the...
London Session -- London Volume pushed us hard back up to the Highs. Sellers caught as the Tide went out. New York Session -- "Wait for me I want buys too" London Close -- " Let's Buy I dont want to Miss out" The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" . If we go up we are...
OANDA:EURUSD Cant seem to break above the 1H OB
We have Seen 2 Colossal moves on EU in the last Day. Yesterday was tremendous buys to begin the week as Every Session saw a bullish push up to HTF Levels and Extreme prices around 1.105. For Breakout Traders we saw a Trap near Weekly Highs at Weekly Level 1.1056. Why would you place buys up there without a Daily candle close confirmation above 1.1045 Daily level...
OANDA:EURUSD While the Dollar Index crawls back up with rate hike chatter. EU follows suite to the downside.
Looking for a Correction because price is going straight up. The New 4Hr Candle may be the catalyst for an Asian Session Pullback before the 2nd London Session of the week kicks off. As we approach London Session we will see more volume arrive and anticipating potential corrective structure. The RR is worth a short although you should never walk in front of a...
Price is currently In a Range between 1.0952 and 1.0988 on the 4Hr. We have extreme short term prices at 1.10. We have multiple wicks here and we can bet probably that there will be a downside reaction for bears after we hit this area. It is also a psychological area for everyone on all TF's. Hawkish remarks by Fed recently don't necessarily appear to have drastic...
Good afternoon traders, I hope this video will provide you some value on remaining patient and not rushing into longs on EU until we have reached a discount market and filled the 4h inbalance. We certainly have unfinished business on EU and the daily chart has shown no indication of going short any time soon. However, it is important to note that when equal...
OANDA:EURUSD Only took a 10 pip TP early in Asian session. With a handful of HUGE news releases, NY swallowed most pairs, and threw it all back up on the charts, what a mess it left. If your traded during NY, don't kick yourself too bad, it happens.
Fundamental Backdrop 1. Stronger dollar and bullish sentiments in USD is being brought forward from last week. 2. However, given the interest rate differential between the 2 currencies, EURUSD is anticipated to continue bullish. Technical Confluences 1. Near-term support at 1.08848 2. Price is still forming HH and HL, on a bullish trend 3. We could see the...
Fundamental Backdrop 1. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies. 2. ECB highly anticipated to hike rates by 50 bps in the upcoming ECB meeting. Technical Confluences 1. H4 support at 1.08764. 2. Price have rejected the 0.618 level on the Fibonacci retracement and has...
We are open for Shorting EURUSD more than longs today. Sharing the chart and the entries based on Supply/Demand Imbalances & Fibonacci levels. Hoping to see it play. Cheers Europeanbulls
You may observe rejection of 1.1057 Weekly Level as mentioned in prev post. Very good sell opportunities as we rejected the weekly level and Fomo buyers were caught off guard. The American consumer is struggling and can be observed by retail sales data. We had a 7am Continuation when consumer sentiment was released , acting as a catalyst to continue momentum of...
We have creased yesterday's daily high at 1.10678. There is liquidity above this high. Especially since we have run up so far and therefore probabilities suggest we will pullback for liquidity for London Open. If we go up , then we will fly because there is clean traffic to the left. The 4hr is quite clean up to 1.1158. The 1Hr is clean up to 1.1125. Either way we...
EU has been moving quite violently and was expected with inflation data. We took advantage of the momentum and took 4 buys as price left the 1.0922 key level. We originally took Sells from this level which played out nicely. However, just as we did last week, Price dips hard early in week. Then soars as the week progresses using news as a catalyst for a...
Will the price get back into BPR (1.083 - 1.082) level for Tuesday & Wednesday ?
OANDA:EURUSD Some nice SHORT moves during London and NY sessions ahead of news release. DO we expect anything else with "any" inflation news these days? Enjoy the tail end of your holiday.
We didn't do much waiting around to begin the week. We dropped a large sum and closed quite the large engulfing candle on the 4Hr Timeframe. Yes, In this instance I am aware that we have arrived at a Daily zone 1.08445. However We spent a good chunk of time collecting orders around 1.093. Jumping above and back below. We had NFP data released recently and now we...