EUR/USD: my current positions...

I have a bearish bias for the next 4 hours. After that, I will re-analyze the current price action systematically. Currently, if the 1-hour candle (@post time) closes above 1.07160, it indicates that the Bulls are trying to gain control. If the price breaks down below 1.07060 within the next 4 hours, then the Bears keep on growling to control the Price.

My TP is set for 1.06930, with a defensive SL at 1.07300, ensuring that I’m not caught in the woods ; )—

EUR/USD... new positions

Yesterday, I made bank.  Now let us see if I would do another ; )— TP around current Weekly VWAP (@post time)

Regression Analysis:  

EUR/USD: new position

TP @ 1.07150... Just a bit below my weekly VWAP line.
And my SL @ 1.06620

nathanvbasko wrote: Wed Jun 26, 2024 8:47 pm EUR/USD: new position
TP @ 1.07150... Just a bit below my weekly VWAP line.
And my SL @ 1.06620

Updated positions...

TP adjusted to 1.07350 and SL adjusted from 1.06620 to profit level @ post time just a little below Weekly VWAP.

EUR/USD: new postiions... Regression Analysis

TP @ 1.07300 and SL @1.06600

While the ECB has been raising rates, they’ve expressed caution about going too far, which could be viewed as a dovish stance compared to the Fed. That being said, based on my understanding, I believe the ECB might maintain its current policy for the short-term, which could indeed put some bullish pressure on the EUR/USD pair.

Based on my analysis and bias... I do believe that the EUR/USD pair could have some short-term bullish potential. The ECB’s policy and potential divergence from the Fed’s more aggressive stance could put upward pressure on the EUR. Of course, it’s important to monitor the market closely and adapt your strategy as needed, as things can change quickly.
With the EUR/USD trading above the 50-day MA and the 200-day MA still acting as a potential resistance level, it could suggest a bullish bias in the short-term. However, it's important to consider other factors as well, like the overall trend and economic news. It might be a good idea to keep an eye on key levels and the 200-day MA to see if the trend continues or if the pair reverses. Always stay flexible and adaptable!

In addition, there is strong support around 1.0600 and resistance around 1.0800. A break above or below these levels could indicate a shift in short-term momentum.

nathanvbasko wrote: Fri Jun 28, 2024 7:10 am While the ECB has been raising rates, they’ve expressed caution about going too far, which could be viewed as a dovish stance compared to the Fed. That being said, based on my understanding, I believe the ECB might maintain its current policy for the short-term, which could indeed put some bullish pressure on the EUR/USD pair.
Based on my analysis and bias... I do believe that the EUR/USD pair could have some short-term bullish potential. The ECB’s policy and potential divergence from the Fed’s more aggressive stance could put upward pressure on the EUR. Of course, it’s important to monitor the market closely and adapt your strategy as needed, as things can change quickly.
With the EUR/USD trading above the 50-day MA and the 200-day MA still acting as a potential resistance level, it could suggest a bullish bias in the short-term. However, it's important to consider other factors as well, like the overall trend and economic news. It might be a good idea to keep an eye on key levels and the 200-day MA to see if the trend continues or if the pair reverses. Always stay flexible and adaptable!
In addition, there is strong support around 1.0600 and resistance around 1.0800. A break above or below these levels could indicate a shift in short-term momentum.

Seize the opportunity to buy at discounts around the Weekly VWAP. The bullish bias will be further reinforced if the price breaches the key value area high of 1.07250, which could signal a potential continuation of the uptrend. But be warned, the forex market can be as fickle as a cat deciding whether it wants to be petted or not!
When navigating the sometimes stressful world of trading, always remember to keep things light and have fun. After all, life’s a journey, not a destination... or should I say a long position and not a short one!

Have a nice weekend!

nathanvbasko wrote: Sat Jun 29, 2024 10:55 pm Seize the opportunity to buy at discounts around the Weekly VWAP. The bullish bias will be further reinforced if the price breaches the key value area high of 1.07250, which could signal a potential continuation of the uptrend. But be warned, the forex market can be as fickle as a cat deciding whether it wants to be petted or not!
When navigating the sometimes stressful world of trading, always remember to keep things light and have fun. After all, life’s a journey, not a destination... or should I say a long position and not a short one! Have a nice weekend!

New open/pending positions: TP @ 1.07230 and SL @ 1.07650.

Based on my analysis, I expect that the EUR/USD price may initially retrace downwards to fill the gap created by the opening surge, before potentially rebounding to the 1.08000 price level.

Keep in mind that the market is always changing, so it's important to stay flexible and adapt to new information.

nathanvbasko wrote: Mon Jul 01, 2024 11:17 am New open/pending positions: TP @ 1.07230 and SL @ 1.07650.
Based on my analysis, I expect that the EUR/USD price may initially retrace downwards to fill the gap created by the opening surge, before potentially rebounding to the 1.08000 price level. Keep in mind that the market is always changing, so it's important to stay flexible and adapt to new information.

The opening gap has been successfully filled, leading me to shift my strategy. I now intend to buy on dips around the 1.07230 level, aiming to take advantage of potential upward momentum in the EUR/USD pair and target the 1.08000 resistance handle.

Based on the current market conditions, it’s possible that the EUR/USD pair could reach the 1.08000 handle before retracing back to 1.06000. Here are a couple of factors that could support this potential scenario:

- The recent upward momentum of the pair suggests a possible extension of the bullish trend, potentially driving the price toward the 1.08000 handle (or even up to the 1.08400 handle).

- The resistance level at the 1.08000 handle may act as a temporary barrier, leading to a short-term pullback towards the 1.06000 handle before the price continues its upward trend.

Remember, success in trading is a marathon, not a sprint, so keep learning and adapting to the ever-changing markets. Cheers!