M5: bearish flow continues... rinse and repeat selling mode... *I use reference angle whenever I can't draw a trendline because connective candles are missing...

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M5 London session trade journey so far... still plenty of time to catch new opportunities...

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No worries.. Will do once I am back at my desk... Latest tomorrow...

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H4: No breakout above trendline... can't go long... No breakout out of channel... can't go short (and would be riskier).... I wait.... No rush until London opening... Happy trading day folks

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A Typical Trading Day on M5..... Just as an example *If you think my posts like this can help, let me know, so I am going to share more of these...

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H4: We arrived at most critical levels: 1.1635/45... No more buying.. am on sidelines from here on forwards... calling it a day.. *If bulls continue rising, next target would be 1.1666.... Trade safe folks

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Simply the power of "channels"!

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H4: Up until 1.1645, sudden bull rallies can keep fading out... For now, scalping along bulls is okay, but the closer we get to 1.1635/45 we must be careful again!

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Folks... please note that we have not big movement lately... ~50 to ~30 pips lazy movements and still narrowing... Without a big breakout there is not much to trade! Scalpers only.... Therefore: Either stay out or stay alert for sudden explosions! ...

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H1: while candles open below 1.1589, I am a seller... BUT IF price drops to 1.1575, we must check how willing bears really are to continue lower! Happy trading day folks...

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Today I switched bullish-bearish back and forth but overall couldn't open an order with confidence... all shaky and messy and very tiny profits... So it was a scalper-sidelines day for me... Hopefully, tomorrow we continue with better data and ...

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Bulls are on a raid mission... It is probably the weekly chart kicking in and sort of proving my earlier fear about bulls... I watch from sidelines

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Based on H1, I am marking 1.1576/82 area as new resistance... I will try to sell as high as I can...

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H1 is below 1.1579 and therefore I am back to selling!

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While H1 candles open above 1.1579, I prefer to stay away from selling.. Only buying for while above it.

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However, there is one big caveat in our projections: THE WEEKLY CHART W1: IF any candle closes above 1.1585 this week or next week, oh my oh my, then price could shoot up like a rocket to retest 1.18xx levels! Please keep that in mind as well.. Just ...

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Meanwhile, on H4... Overall, I am still trying to buy dips BUT: as I mentioned yesterday, the wind can change again to bearish because we are close to crucial resistance... My pattern recognition of "240 pips down and 120 pips up" sequence could ...

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1.1579 is on my radar but H1 candles keep opening below it... Can not buy... delaying execution until I see new opportunity..

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H1: I am currently stepping down to M5 to catch a long entry! I will look for bullish signs!

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Based on H4: Tomorrow, having ~1.1575 as my nearest support, I will look how eager bulls are to reach 1.1635 area...

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