On H1 it broke a prolonged range of more than 60 bars, not to be sniffed at, bears clearly prevailing. Currently retesting an already broken W1 trendline, so there is potential to go to 1.16.

EURUSD

EU poised for a selloff OR a spike up -- the multi-timeframe long setup has failed so far, but again the failure could be just a trap, so a huge spike up is still possible, in any case looks like some movement is brewing.

EURUSD

My favourite setup, the four bearded men. How to trade it: sell where the sideburns meet and take profit at the bottom of the beard, or, if you're really greedy, hold till the shoulder and arm is painted, right down to the left hand and fingers.

EURUSD

UPDATE: the bears did reach the measured move target and even went beyond it, got stopped out with minor losses three times, but still playing the same idea.

EURUSD MultiTimeFrame

Yesterday's selloff was massive and I managed to get in right at the very top. Today we see strong Low 2 entry for chasing bears, but it is at ALMOST a measurered move target from the M5 trading range of early today. Bulls may want to retest the ...

EURUSD MultiTimeFrame

Looks a bit too good to be true for the bears and may be attracting lots of chasers at the bottom. Playing for a scalp to retest the TL breakout point + EMA 20, at which point it may even turn bullish.

EURUSD

It looks like a typical pump and dump tactic, selling the news. The news was great for Europe earlier in the day, attracting chasers, it stalled at the H1 channel line, all buying was absorbed, then a selloff. Dirty tricks. But I wouldn't be ...

EURUSD

The much awaited signal, a Failed Breakout from a tight range plus a small Wedge Failed Breakout.

EURUSD MultiTimeFrame

I see this on H1: breakout out attempt above a very wide channel, so it's at the top of a wide range in effect, took out some previous significant highs, so may be a good area to fade. It may go the the moon, or it can just come back into the ...

EURUSD

EURUSD has broken above HOY, so we are entering greater volatility, as it triggered a High 1 Entry on the D1 chart, coupled with a strong High 1 Entry on the H1 Chart. However, it was climactic and may reverse. Looking to fade the move for a retest ...

EURUSD MultiTimeFrame

Yesterday was a very difficult tight range day eventually. I did finish with a profit, but that was because of an R6 winner from the day before, not the day's trades, which were a net loss. Still, with hindsight, a day like this can still be traded ...

EURUSD MultiTimeFrame

Like yesterday, there was a strong microchannel up, only yesterday there was a good dump before reversal up, today it seems the bulls have loaded up just below the High of Friday.

EURUSD

Switched to long after a strong High 5 signal on M5 coupled with High 2 on H1. This looks like a final call for bulls to get a spike to a higher High of the Day, may or may not happen, but staying above HOY is not a bad first sign.

EURUSD

UPDATE: looks like another slow vacuum stop run above HOY, no impressive momentum, re-entered short on a second Low 1 signal, stronger than the first, on M5. Coincides with a Low 1 on M15, so an aligned signal. On H1 though the BO below EMA turned ...

EURUSD MultiTimeFrame

UPDATE: exited on pullback and no follow-through for bears. Will watch HOY price action to see what to do next. May still revert back to AIL.

EURUSD MultiTimeFrame

UPDATE: Cuts nicely through HOY, reaches first bear target, next target 1.2112, looks like turning to Always-In short on M15 and H1, too. Would need to rally back above HOY to give any more hope for bulls.

EURUSD MultiTimeFrame

UPDATE: Closed my long and switched to short, with a couple of stopouts though. But the rally from above HOY looked like vacuum rather than a strong rally, so looking for targets of around 1.2112.

EURUSD MultiTimeFrame

High of Yesterday (Friday) is a key level. Today's rally above it was a second entry long on D1, and if there is to be follow through, it must hold firmly, but it looks more like a vacuum move up to attract more buyers. Switching to short.

EURUSD

UPDATE: Bears seem to have established a Spike and Grinding Channel with a minimum target at 1.2127, but possibly a trend reversal as this is below HOY. Entered a short hedge to lock in profit.

EURUSD MultiTimeFrame

UPDATE: still holding the long with a trailing stop. My perspective remains the same. We saw a failed Low 1 entry on D1, currently transforming into a High 1 Second Entry for the bulls. However, it may fail if it does not hold above Low of ...

EURUSD MultiTimeFrame