But to add to your post, the 4H to 4pm closed below the 3143 which is better for bears. The 1H is right on the bollinger mid of 3135 as well, so a break of that south, I agree will see 3110 again. It's still possible for NYC to creep into 3112 which ...

The similarity system

It's shitty when PA does this... I'm tempted to start looking at other pairs again but I really wanted to concentrate on EU the last two months but seriously then ranges in between moves is just abysmal. 10 days and only 1 decent day of volatility.

The similarity system

Try USDCHF. If you went with USDJPY I would say you would have to look at EURJPY for the cross effect.

EURUSD

15M didn't close outside Bollinger Band (COBB) so I would say it's gonna test the highs at 3160 again. image

The similarity system

Now you're talking my language!

EURUSD

... and out @ 41 for +17

The similarity system

Stops to BE and still targeting 3143

The similarity system

My opinion on this is that the 2 timeframes are mutually exclusive in the sense that you are comparing one timeframe's top window to bottom window only. You're not comparing the bottom window of both timeframes because you are in effect comparing ...

The similarity system

In at 3158 because of spread. I'm not sure to hold for position or to scalp. Intermediate target via 15M at 3143. If it goes here, I may scalp it and re-enter if the 3160 price range is revisited.

The similarity system

Very interesting. 4H closed above. I closed all shorts. And will wait for a better entry. I don't mind it being lower than 51 or 61. But I'll wait to see what NYC open does. I'm sure they'll want it higher if they fancy shorting into Fri's NFP.

The similarity system

The 4H shows that price is at BB midpoint. It would be ideal for it to close below this point (3144ish) which would signal a failure and another retest of the lows. image The 1H shows the same effect at the midpoint... which when not broken ...

The similarity system

I can't predict intended direction, however.... All important timeframes have price closed above Bollinger Bar (Top) so the next sequence is lower. More importantly, it begins at 1H to 15M to 5M to 2M. Edit: This doesn't mean it can't print another ...

The similarity system

Yeah, took a while. Got a short at 51 and a pending at 59 (target was 61).

The similarity system

Cancelled the shorts, am looking at 3162 as a target. A few are calling 3150 range but the 3162 is where I see supply. the 3132 to 3142 has developed into a consolidation point, so looks like heavy demand but I see it as a corrective profit taking ...

The similarity system

Well, 3112 is holding as expected. But it's not a base of support to warrant a turnaround. I'll keep my pending shorts at 3132-3142

The similarity system

Took my short profits based on watching the 2M... it made a pin then had 2 down bars that didn't close below the mid of the pin bar... so higher. Mini projection: looking for 3127 based on 15M I will short there again. I'm not counter-trading, too ...

The similarity system

Level reached. UJ still seems like it's climbing so looking for lower than 3106, shorts at BE. Edit: 15M ZZBB method shows the swings, Bottom at 3115 then Top at 3130ish... which I saw but hesitated at shorting and missed it. That would have caused ...

The similarity system

I have shorts going into this level. Looking at 3106 and below.

The similarity system

3112 is a key level on the downside I have. I wouldn't be surprised if Asia goes to this level overnight. I may go long here. Pending shorts cancelled.

The similarity system

Hey Nick! Got pendings at 53 and 62... 53 first from the look of it but probably in New York session. Still very bear. I'm looking at sub 1.3 for about a month now. However, having said that... I'm still pondering when the last Wave 4 will kick in ...

The similarity system