FerrariLover123

FerrariLover123

I'm back after a while, again with the EUR USD pair. We can see some form of consolidation and indecision with the current price movement. I marked interesting areas of supply and demand. But me, personaly i would only consider SHORT positions due to overall market bearishness and ofcourse the strenght of the dollar index (even if it doesn't reflect the real...

FerrariLover123

EUR/USD is showing nice bearish momentum. I have a short order placed at the moment in one of the smaller time frame supply zones above. Let's see if price can tag me in and provide any gains for today. Risk is managed so even if the trade doesn't og as planned...no biggie:) Trade safe guys! *ALWAYS USE A STOP LOSS!* ,T.

FerrariLover123

0 trades for me this week. I just couldn't find any good oportunities this time arround... and it doesn't matter. That is what trading is all about, waiting and waiting and waiting, until you get that perfect shot! I almost opened a short position yesterday, but it didn't match my plan 100%. Supper proud to be disciplined enough to stay away from trades that...

FerrariLover123

EUR/USD finally provided some momentum. Now i'm waiting for a good setup to enter the market. I marked a supply zone above, for sells, and a demand area bellow, where i'd be looking for buys. Prefered market direction is still SHORT, BUT we do see some bullish potential in this pullback. Is it already time for a TREND SHIFT? let's see! Risk is managed no...

FerrariLover123

After weeks of sideways movement, EUR/USD finally made a move and broke out of the consolidation! Buyers are coming into play, BUT, don't let this sudden move trick you in to impulse trading! EUR/USD has been bearish for A LONG time... and just because the price is pulling back a little bit, it doesn't matter the main trend shifted! Atleast not yet! *BE SAFE...

FerrariLover123

There seems to be no end to this sideways trend that EUR/USD has been forming for the last couple weeks. You could argue that some sort of SUPLY formed on the h1 and m30 timeframes, since plenty of volume came in to the market (news related), but still... the price failed to break significant structure and provide us with a new low... there fore, seeking sells...

FerrariLover123

This is where patience comes into play. EUR/USD has been moving more or less sideways for quite some time now. At this point in time, i dont want to predict what will happen next. I will just react to what actualy happens! Waiting for a breakout of the consolidation and then for further volume and trend confirmation. Overall i would still prefer shorts over...

FerrariLover123

EUR/USD is overall in a bearish trend... this minor consolidation period has bullish potential, but we still have to be careful while looking for long positions. I marked an interesting SUPLY area, where plenty of short orders came in. I will wait for the price to print a cleaner picture before executing any positions. Like i said, i favour shorts over longs,...

FerrariLover123

Even though EUR/USD is still more or less moving sideways, we can see that the bears are curently a tiny bit stronger. I managed to catch a nice short trade resulting in profit of 4.5 R. (entry on the 5 min TF) The week is coming to an end, so i probably won't trade tomorrow. There's no need to rush in to the markets every single day. What's next for EUR/USD?...

FerrariLover123

Even though i said that i would mostly be interested in shorts, i still managed to find a nice setup for a long position. The position i took was probably a bit risky, regarding recent market bearishnes... so you could probably say i didn't follow my rules 100%. Never the less, risk was managed and accepted, so let's see how far can we ride this thing! *ALWAYS...

FerrariLover123

EUR/USD finaly broke out of the consolidation. Not only that, it also took out some sellers. What now? I believe it's to early to jump to conclusions, BUT... I do prefer shorts at the moment, since there is not enough bullish volume for my taste. If we do se buyers coming in to the market, and signs of trend reversal with that... we might just shift to longs...

FerrariLover123

EUR/USD has been bearish for quite some time now. Price even managed to hit parity. What's next? ... Curently the market is still consolidating, but it seems like the buyers might be a tiny bit stronger... atleast for now! Price is at a very important resistance area, where plenty of sellers are hanging out. Will we see a spike through the roof before further...