I completely agree with you and see that possibility as well, which is why tight stops should be set if someone wants to sell now. I’m not playing long because some of the indicators are already way too overheated. So I’d rather wait. And even ...

EURUSD only

Okay, I just got stopped out, so it looks like they want to push it a bit higher, even though the air is getting pretty thin. I'll wait and watch, even if it starts to fall again. There might still be one last push up. We'll have to see how far they ...

EURUSD only

I sold at 1.1645 and just set the stop to break-even. Let's see if it works out. If it drops, I'll let it run; otherwise, I'll try selling higher again.

EURUSD only

It is currently quite overbought, in some cases even strongly and extremely, which makes a pullback likely. The first targets would be 1.1635 and 1.1629. There is also a possibility that 1.1615-10 could be reached again.

EURUSD only

Today is one of those fifty-fifty days — I like to call it a lottery day — because the price has been stuck in a tight range all day without choosing a clear direction. That’s why I usually avoid trading on days like this and wait for a clearer ...

EURUSD only

I’ve rarely seen such a tight Bollinger Band on the 1-hour chart, which usually means a strong breakout is coming soon — either up or down. That’s why I’m staying on the sidelines for now and just watching how it plays out until things become ...

EURUSD only

The bias is leaning downward, and the short-term indicators are pointing that way too. I think we could soon see a quick drop toward the 1.1590–80 area. In any case, I’m standing by and ready to react accordingly.

EURUSD only

Since yesterday evening, it’s been trading right at the upper edge of the downtrend (see the yellow box) and still hasn’t really managed to break away from it to the upside. The indicators are neutral, so things are open in both directions. For me, ...

EURUSD only

For about an hour now, it’s been trading in the crucial 1.1610–15 zone. The short-term indicators are pretty neutral at the moment, so it could move either way. Below 1.1610 things get tough for the bulls — in that case, targets down toward 1.1584 ...

EURUSD only

I’m expecting a test of the 1.1610–15 zone. If it holds there, that would be the first successful retest. If it doesn’t, it would slip back into the old downtrend channel, which basically wouldn’t be a great sign for the bulls. Still, I wouldn’t ...

EURUSD only

On the H1 chart, it’s already heavily overbought, so I’m thinking about taking a short scalp. I honestly didn’t expect it to climb slightly above 1.1650 without at least a small pullback first. That actually makes things even trickier, because every ...

EURUSD only

The first target at 1.1627 has just been hit, and the next one would be 1.1655. But honestly, that level doesn’t look reachable right now without a pullback first — just to cool off a bit. The market is showing a slightly overbought setup at the ...

EURUSD only

The downtrend has now been broken to the upside, so things are starting to look a bit different. It’s not a solid breakout yet, so we’ll have to see if it can actually stay above that level. I wouldn’t call anything final for now — it could still ...

EURUSD only

As expected on Black Friday — and unsurprisingly — the price briefly shot up to 1.1607 due to the illiquid trading day, drifted around 1.16 until the end of the week, and closed below it. During the night, it rose exactly to the upper edge (yellow ...

EURUSD only

I closed my short at 1.1569 for +26 pips, even though I still think it could drop further. But today’s price action is too erratic and the spread is completely out of line. It wouldn’t surprise me if it suddenly spiked back to 1.1590 or higher with ...

EURUSD only

I’ve been short from 1.1595, and as mentioned, my first target was 1.1577, which it almost reached during the night. I think it will continue to drop, and my main target remains 1.1542. However, today is Black Friday, meaning it’s a shortened ...

EURUSD only

If it stalls around 1.1595 in the next hour, I’ll go short. I’ve already explained the reasons for this in my previous posts. I think it should drop back to 1.1577, and then we’ll see what happens next.

EURUSD only

Above 1.1577 it’s technically still a long, but the pair remains inside the down-channel that’s been intact since late September. To break out, it needs a close above 1.1627 today, 1.1624 tomorrow, etc. — sustained trading above that zone would be ...

EURUSD only

Closed my short, watching from the sideline now.

EURUSD only

There are several reasons why I’m still bearish. On the daily chart it’s been in a downtrend since mid-September. In the bigger picture, it has only completed the 23.6% retracement of the January–September rise. Based on my experience, it usually ...

EURUSD only