Just like predicted using the COT - week is unfolding as a consolidation!

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No confirmation for the DOWNside yet. Waiting for another H1.

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As of now, this is my main area of interest. I want to see how price will react there and will it leave a divergence and reverse.

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Because of NFP tomorrow, it's going to be a very difficult day to trade today. Market has to prepare some TRAPS before NFP. That's why some levels might NOT be breached today. One of the TRAPS IMO is the weekly high and another is 1.2240.

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Want to see H1 close below the GRAY box before considering to open a SHORT.

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It's just a part of a system that I use.

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Gray box was my reason for entry. To confirm another leg down I need to see M15 close below 1.23086.

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Closed for now. Waiting for H1 to close. No clear direction as of now.

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Opened a short here. SL and TP open.

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Why not master your system on 1 or 2 pairs first? ALGO is the same on ANY INSTRUMENT!

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Waiting for H1 to close. Today I'm more inclined to the downside, because of the consolidation week as I mentioned on the weekend. I always let the market do the first move before I react.

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Before I call it a day, I just want to UPDATE my H1 chart and share my expectation for tomorrow. I expect this to unfold after ASIAN session. See you there.

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And this is on a daily.

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This is what I expect for tomorrow. A run below 1.2240.

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Closed everything here. Done for today. No trading for me at his hour and beyond till after ASIA.

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This is what I'm looking at on M15. In order for me to consider any position - I need to see M15 close outside one of these levels. It will of course depend on what time it will happen and other factors have to fall into place as well.

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Now to confirm a bearish bias and before considering any short positions, I want to see H1 close below 1.2276. Until then I stay on sidelines. REMEMBER that we have a nice divergence with DXY and that is a sign for short term reversal.

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Closing my short here because of this. Waiting for H1 to close.

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On what time frame? Like I said earlier, I expect this week to be UP and DOWN, UP and DOWN with NO directional bias. This is based on the COT numbers.

EURUSD only