It finally broke out below 1.1000 and it continues depreciating. I think we will soon see it reach 1.1070 and below.

Jumbo wrote: Mon Nov 25, 2019 6:37 pm

EURUSD:

Selling from 1.1080 and above to 1.1008 was my plan and should be reached the next sessions. For swing trader it is recommended to buy from 1.1008 and below.

My buyingpoints are

1.10029
1,09951
1.09892
1.09814

and TP see on my chart 1.11xx area and more in extension 1.1290

broker printed 1.09812 and my buy order was 1.09814 !!! i posted the target 4 days before

Did the position close?

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According to the report by German media Handelsbatt, if the law is succesfully put forth, “​​starting in 2020, financial institutions will be able to offer their customers online banking, virtually at the touch of a button, along with classic securities such as stocks and bonds, as well as cryptocurrencies. The law also provides for further relief, such as extended application deadlines for the necessary license.”

It appears that the bill has already received the approval of the Bundestag and is now awaiting the decision of the country’s 16 states.

It's consolidating around 1.1000 still. With the winter holidays approaching this consolidation may not end soon.

It's back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

mlawson71 wrote: Tue Dec 03, 2019 6:56 pm It's back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

EURUSD UPDATE

BULLS want 1.11238 and BEARS want 1.112309 so we can say. Wait until 1.1123 for shorts...... with my Target 1.1005 in extension 1.0920-40 area. A clear break of 1.1123 will target 1.1290 area.

EURUSD LEVELS

EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

mlawson71 wrote: Wed Dec 04, 2019 9:18 pm EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

Nice!

90% of the markets are sideways. Big trend trading is 10% of the part and i don't watch TRENDS! TREND is your friend is a illusion. If you are a trend trader your swap will kill your account. 1.1078 is a decision point up or down and bad area to trade, she will be touched some times in the sideway consolidation time.

1.1123 is the best level to short and move your SL to BE with a nice retrace and you can do this with a few pips SL!

Happy Trading and green pips. 90% Waiting is a part of trading.