Get started

EU

EUR/USD - Not my night, but lessons of the past is VALUEOANDA:EURUSD After the garbage trade on USD/JPY that went to breakeven earlier, I looked at EUR/USD and took a short. This time I wanted a TP at previous week lows around the 1.05362 area, which would had been a nice one to start the week. But it went against me a bit (a good bit), but I held, not because I was bag holding, but I held in the direction of my longer trend bias. So price action did come back in my favor. So this is where I checked my greed, price came back to my entry level, and in my past life, after going through a nice draw down and coming back to break even, I would keep holding for a bigger pay day, but most times, price action would pullback against me even harder and I would be rekt and blown up. Today, I was happy to close out at breakeven for +1.5 pips. Trade management is THE #1 key to surviving and success. Trade well.
Short
by makerup
ITALIAN ECONOMY AS REQUESTED BY A VIP SUBThe decrease in consumer price inflation in Italy could potentially have a positive impact on the country's economy, as it may help alleviate some of the pressures on households and businesses caused by high inflation. However, the impact on the overall economy may be limited, as inflation is only one of many factors affecting economic growth. The performance of the Italian stock market, as reflected by the FTSE MIB index, is likely to be influenced by a range of factors beyond inflation, including global economic conditions, corporate earnings, and investor sentiment. The recent losses experienced by the banking sector could be a concern for the economy, as banks play a critical role in providing credit to businesses and households. In terms of the euro currency, the projected decline in HICP inflation in 2023 and beyond could potentially be viewed as a positive development by investors, as it may alleviate some of the concerns about inflation and reduce the likelihood of tighter monetary policy from the European Central Bank. However, the euro's performance will also be influenced by a range of other factors, including global economic conditions, political developments, and the outlook for monetary policy in other major economies. It's been an exciting week for the Italian economy as stocks continue to rise further. The European Commission's Winter Interim Forecast has lifted the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area, which is great news for those invested in the region. Additionally, the decrease of inflation target in Europe in 2023 is expected to provide even more upward momentum for the economy. While the recent positivity has brought the Italian stocks up to a key resistance zone at 28,000, some experts are cautioning that it looks overbought in the short-term. However, there could be a big appreciation on the horizon, making now an excellent time to consider investing in the Italian and euro economy after we get the pullback to level out price action.
FOREXCOM:IT40Long
by OfficialKieranTrewick
Inflation Data was a catalyst to Pullback for Liquidity/+ >PriceWell it appears that inflation helped price pullback to 1.079. Price didn't spend much time up there , less than an hour on tuesday , when data came out. ever since we have bears from last week reappear. momentum is strong because of unexpected nfp data, cpi was expected, positively declined , if that makes sense. price is showing us relentless selling pressure. i mean the price is currently holding up a weekly candle top wick that measures 123 pips which isn't unusual but significant. Price has only gone 24 pips below weekly candle open. It is likely we see a larger range created to the downside. current price 1.06596
Short
by ShrewdCatfx
1
Momentum Setup // Pre-newsWe have a wicks to fill. One is at 1.06174. The Other wick is the Previous weekly candle low at 1.06120. We have momentum so most likely we will touch these prices at some point. We are trading 2 hours before news here. Ultimate target on week on 1.055. Additionally, I think FOMC will help provide a catalyst to take us lower. We may pullback hard first, for liquidity. So be aware of price spikes as we walk into news. Momentum , with regard to Price Action, is explained in the previous post. If we look at Weekly/Daily timeframes we see all red or what we interpret as rejection wicks, which aligns with our bias.
Short
by ShrewdCatfx
1
Dollar Bulls. A Flop from Friday NY Session. 🤔Volume is coming into the market. Players were eager to return to the arena after the bank holiday. Market structure was bearish walking into week. Not surprised . The top wick of last weekly candle was 108 pips. That's bearish momentum in a nutshell. then you draw up lines on smaller timframes and use technical anlaysis to look for a good RR entry on 4hr/1hr minor zones. There is a high probability that price will drop off a cliff here, and into the abyss below. The 4hr timeframe is pushing us bearish. We failed to close above the 1.06650 4hr zone on the 4hr Timframe and consequently left a very large top wick ( 37 pips) which i interpret as rejection of higher prices. We'll see what happens here. 1.06130 is last weekly candle low price. that is first target. second target being 1.055
Short
by ShrewdCatfx
1
Bearish Look on EURUSD until end of WeekBearish Funadamental Background : CPI helped price to pullback and breathe and now we have returned to the lows. Momentum: Bear Candle from Last week with solid body Technicals 1) Large Top wick rejection on weekly candle after printing Bear Candle last week 2) Was anticipating Bears to show up this week AFTER a potential pullback .. Which we did get a pullback to 1.07900 3) Price just pierced last week's low , Monday's Low, and Wednesday's Low 4) Price respected 1.07100 as anticipated across the duration of current daily candle 5) Range to fill to downside down to 1.5500
Short
by ShrewdCatfx
2
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel. Check first Chart in Description to See what I'm looking at. Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision) and Feb 7th ( Fed Powell Speech ) These Charts , when compared and contrasted , are not much different. Actually they are quite the same. After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or it could take only 1-2 hours. All relative.
Short
by ShrewdCatfx