FadeMeIfYouCan

FadeMeIfYouCan

I was cautiously bullish for EURUSD yesterday for a move higher but was much wrong on the move. EURUSD re-tested the lows then moved higher but was capped by the algo bands before the further sell down to 1.0566 strong level. The strong levels as shown on the charts could give a pullback but I shall not call for any longs for today (though 1.0525 is a good...

FadeMeIfYouCan Updated 

I was bullish EURUSD yesterday and it played out well. TBH, it did not hit my buy level but we see how PZ capped the high of the day perfectly as it came down almost 100 pips to our price target and we saw the rebound. For today, I might be wrong, but I am looking for a possible rebound move up, preferably on a test of new lows. Look at 1.0620 double level to...

FadeMeIfYouCan

I was looking for a long in EURUSD yesterday off 1.0620. Price came down to this level, based off it, but made another move lower before rebounding to close near 1.0620 buy level. For today, I will keep to my view for yesterday. Look for price to break above PZ, re-test for the long to target the same 1.0713 level given yesterday.

FadeMeIfYouCan

Similar to EURUSD, GBPUSD came down to our price target on Friday before a small bounce. Overall, I am still cautiously bearish GBPUSD for a move lower. I am looking for a short off 1.2950/75 for a move lower.

FadeMeIfYouCan

The sell level I gave on Thursday and which I re-iterate on Friday that EURUSD will go down first worked perfectly as it sold down to my price target. There was no buying reaction though from my decision level at 1.0740 as it closed near the lows but it is unable to make new lows. As such, while I am cautiously bearish, I see a possible up move from here first....

FadeMeIfYouCan

EURUSD made a perfect long as per plan given yesterday and it hit the price target, over a 100 pips higher, and it sold down 60 pips off the price target before recovering. Bearish sell down on Thursday followed by a recovery to my sell level yesterday. What's next? I see a possible move for EURUSD to 1.0733 and then we see the reaction off the level; either a...

FadeMeIfYouCan

I am wrong about my view on EURUSD yesterday, after the initial sell down, I said to look for price to bottom for long opportunities. However, there was no bullish reversal candle as price is held by the algo bands as it sold down from strong level to strong level (orange line). For today, IMO I am looking for further downside, but on a pullback. Look for...

FadeMeIfYouCan

I was bullish EURUSD yesterday; the algo bands held the lows perfectly before the rally to our price target and exactly at our price target, EURUSD sold down 100 pips to my buy target given yesterday and held there! Very bearish daily candle but TBH overall IMO trend is still up. Thus IMO, look for price to base at current levels for a move higher from here, at...

FadeMeIfYouCan

I was bullish EURUSD yesterday after the gap up. Was looking for a dip to go long off but EURUSD just moved higher, hit the strong resistance before coming down. On daily, it looked like a bearish reversal pin bar for further downside today. IMO, weekly candle still points to further upside while daily candle points to down side. For today, IMO, I will look for...

FadeMeIfYouCan

Perfect path given on Friday; I was bearish EURUSD on Friday; and we saw how nicely EURUSD moved down lower first, hit the double level, rallied 50 pips to my sell level and it sold down 70 pips to close near the lows. Today, it opened gap u; that indicate a possible change in trend. Weekly candle is bullish IMO, thus plan for today is a possible pullback to PZ...

FadeMeIfYouCan

Small range choppy day for EURUSD yesterday; it moved higher, hit the first resistance, sold back down to PZ then rallied to close near the highs. Overall, EURUSD is in a resistance zone and IMO, I am cautiously bearish for a move lower before any upside is possible. EURUSD is much bearish on the monthly (even more than indices) and overall, any bearish daily...

FadeMeIfYouCan

Yesterday I was bearish EURUSD and it nicely hit the sell level and sold down 55 pips. However it missed the final price target given before a huge recovery, closing near the highs. After a huge down, EURUSD is consolidating for the next move. IMO, EURUSD should have another move higher. But in what manner? IMO, if EURUSD comes down first, 1.0796 is a level to...

FadeMeIfYouCan

I was looking for a short off a rally to 1.0816 for a move lower. In the end, EURUSD came down first before rallied to 1.0826 and is stuck here. I am thus maintaining my bearish stance, looking for a short here, for a move lower, with 1.0750 as near term target.

FadeMeIfYouCan

On Friday, I said to look for longs on a dip to 1.790. We saw a huge ranging for EURUSD, before a test of algo band on Friday at 8am EST before a sell down to 1.790, which is my buy level. Price action looks bearish. IMO, I see a move up to 1.0810, and at that level, watch for a possible rejection of that level for a short opportunity for a move lower.

FadeMeIfYouCan

EURUSD worked perfectly as plan given yesterday; it was moving up then dip on data perfectly to the buy level at 1.0770 then moved up to the target at 1.0808. That level held perfectly and it closed higher at 1.0830. Overall, price action is bullish for further upside IMO. A dip to 1.0790/1.0800 will be a good zone to look for longs, with 1.0870 as the next...

FadeMeIfYouCan

EURUSD moved almost as per plan given yesterday; a pullback into the PZ before a flush down. Bearish price action. My price target given yesterday is 1.0745 and would keep to that, especially in this bearish environment. IMO, EURUSD could 1.0810 or even 1.0824, but it would be a good level to look for rejection and a short to target 1.0741. I would look for...

FadeMeIfYouCan

I was wrong on the move for EURUSD yesterday as it sold down to new lows. The buy levels given were good for scalps only as price consolidated within the PZ for some time before the break lower. I have no strong views for today TBH. I do see Friday's bullish candle as buyers are present. Thus despite yesterday's strong sell down, I see market is trying to find a...

FadeMeIfYouCan

I was bullish EURUSD on Friday, despite the many days of selling in EURUSD and the plan given worked perfectly. I said EURUSD will see a move higher to 1.0863 before any down move would occur. Indeed, EURUSD trended up over 40 pips for the day, closing at 1.0863 as given. And today it hit the strong level at 1.0873. Is sell coming? Is this just a pullback before...