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Re: EUR/USD

Posted: Tue Mar 29, 2022 1:17 am
by mlawson71
Clearly it won't end anytime soon. I'm just sitting and waiting for this pair now.

Re: EUR/USD

Posted: Tue Mar 29, 2022 1:32 am
by josi
mlawson71 wrote: Tue Mar 29, 2022 1:17 am Clearly it won't end anytime soon. I'm just sitting and waiting for this pair now.
I don't know why anyone waits for it to end as you could have made a lot of money selling EURUSD since 06-2021:
Nevertheless the monthly starts to give us certain hints:

Re: EUR/USD

Posted: Wed Mar 30, 2022 5:17 am
by mlawson71
I closed my shorts already, I am just waiting for the shorter term consolidation to end.

Re: EUR/USD

Posted: Thu Mar 31, 2022 4:44 am
by mlawson71
It broke out above 1.1100. I opened a long position, I think it may rally to 1.1200.

Re: EUR/USD

Posted: Thu Mar 31, 2022 9:30 pm
by sebking1986
A lot of multi-time frame divergence with DXY at the moment which is making for some good trading opportunities I'm finding.

Re: EUR/USD

Posted: Sun Apr 10, 2022 12:06 am
by mlawson71
It also formed a double bottom around 1.0840. We may see a new move north next week.

Re: EUR/USD

Posted: Sun Apr 10, 2022 12:17 am
by josi
mlawson71 wrote: Sun Apr 10, 2022 12:06 am It also formed a double bottom around 1.0840. We may see a new move north next week.
This is, of course, quite possible. But as yet, I don't see any indications for up, except strong resistance.
My guess, based on the fact that the last candle is strong down, is that price will move down a bit further before it turns:

Re: EUR/USD

Posted: Mon Apr 11, 2022 12:43 am
by mlawson71
I agree about that. I am not too sure about that double bottom yet. I guess we'll wait and see. Both seem possible.

Re: EUR/USD

Posted: Wed Apr 13, 2022 12:21 am
by mlawson71
And now it's stuck in a sideways consolidation. It too narrow for me to trade that.

Re: EUR/USD

Posted: Wed Apr 13, 2022 1:04 am
by josi
mlawson71 wrote: Wed Apr 13, 2022 12:21 am And now it's stuck in a sideways consolidation. It too narrow for me to trade that.
I don't know which timeframe you trade but:
If you use a daily open line I think there were a few trades to be had (M15, H1):
As lonig as price is below daily open look for sells.
As lonig as price is above daily open look for buys.
(You could also have used PP daily: several rejections at S1 (one even up to PP))
[and some time later price moved down - as expected...., so there you are]