Re: EUR/USD
1252I don't know why anyone waits for it to end as you could have made a lot of money selling EURUSD since 06-2021: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.
Nevertheless the monthly starts to give us certain hints:
Re: EUR/USD
1253I closed my shorts already, I am just waiting for the shorter term consolidation to end.
Re: EUR/USD
1254It broke out above 1.1100. I opened a long position, I think it may rally to 1.1200.
Re: EUR/USD
1255A 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
1256It also formed a double bottom around 1.0840. We may see a new move north next week.
Re: EUR/USD
1257This is, of course, quite possible. But as yet, I don't see any indications for up, except strong resistance.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.
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
1258I 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
1259And now it's stuck in a sideways consolidation. It too narrow for me to trade that.
Re: EUR/USD
1260I don't know which timeframe you trade but: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.
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]