H1: As long as candles are inside the steep channel we should go lower again... Until FED data we will probably have lots of up and downs... choppy and rough waters!

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H4: One quick dip and bulls keep grinding higher as usual.. Slowly we are getting to FED hours... 1.1648 could become support... 1.1688 is still overall bull target at the time when data gets published... Sell pressure still to be expected at upper ...

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H1: No red candle yet and therefore my analysis until then is temporary! For now, I can say that steep channel angle stays the same... I only adjusted new width! 1.1663 is now my (temporarily) nearest resistance until we have a bearish candle close! ...

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M15: Traders of this timeframe... watch 1.1662!

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You are right.. 100%.. Nobody who stares only at H4 would see a short... still bullish and candles are inside channel... H1 was different story... Best wishes

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H1: Damn... My projection was for 2 hours later... market started correcting earlier than I had foreseen... too much bull momentum... I stay out... Bulls are crazy! Calm down calm down... Let's negotiate...

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H1: Old channel is obsolete now... throwing right into the bin! Now I have a new steep channel and these are my 3 crucial levels for the next 2+ hours... My goal is to keep selling as long as candles respect the channel and open below 1.1647!

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Don't try to catch falling knife... Only sell pullbacks and spikes!

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Don't rely on that... 50/50 I would say... often reversals like this just speed up with no pullback... Catch the flow on smaller timeframes if you can! Nearest target on H1: 1.1629 area... from there we must see how the future of this yet young ...

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Stopped out... and I am bearish now! Enjoy selling upcoming spikes and pullbacks!

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Opening fresh long here at 1.16515... As I mentioned: one touch to 1.1646 and I get rid of this order and switch my H1 bull bias to bearish!

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Fresh H1 candle close: From here on forwards, I am marking 1.1647 as my recalculated support based on the long wick of the previous candle... Bears don't bother me as long as price doesn't violate this level. If this level gets violated even 1 pip, ...

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H1: I am marking 1.16535 1.1651 as nearest support... I keep scalper-buying dips as long as candles open above it... Edit: tweaked and corrected angle based on bigger channel flow... 1.1651 is better support!

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Yes, I mentioned some weeks ago that W1 chart prints a potential Gartley and that price could eventually begin to drop deep... not just 1.1550... Much deeper because the main bullish channel on chart (thick black) is now broken... If ~1.1700 area ...

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H4: Selling pressure started showing as soon as price nears the upper edge of inner channel... I believe it will repeatedly do that until FED... Normally, while candles are above the dashed median line of inner channel I would not sell, but today, I ...

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H4 Wednesday-FED Rate Decision Analysis I marked the time when FED rates will be announced... probably there will be a cut, as experts anticipate! If so: Until that hour, candles will probably keep rising inside the mini bull channel but sell ...

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H1: from here on forwards no more new orders.. neither buying nor selling... I am watching from sidelines! Bull momentum is small but it is there.. Let's see how this push onto 1.1648 will unfold..

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It's a baby bear.. it's a baby bear Jokes aside...tests can take serious time.. No rush! One thing I spotted though is: No H1 candle has closed above 1.1648 yet!

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H1: Testing of 1.1648/65 has finally begun... Watching carefully for bull power to fade out... Test results are important. Nothing guaranteed yet...

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By the way: H1 resistance at 1.1648 H4 resistance at 1.1665 D1 resistance at 1.1662 All are closely positioned clusters to repel bulls... Not easy to break through! Therefore, I am inclined to sell spikes towards these levels!

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