this seems off, but i'm not sure. please consider this. The distribution phase is pretty short. However, the dxy seems to confirm this directional bias. I DO NOT TRADE THIS PAIR. (I hate it.) The EURUSD can and will push the dollar, so it must be watched closely.
Pretty much. No guarantee, but high probability. They try hard to hide it. With Trump and rumors or wars, bumpy ride along the way.
It's really amazing how so much damage to the dollar can be done, but the technicals are still identifiable and within the original confines such as this dollar swing being confined within the trend lines beginning back in 2014. This is such a volatile ranging as a result of the trade wars. Ideally, she'd pump right back up, but the talk of tariffs, war and...
Wyckoff Market STructure as I see it fit.
based on MM pattern moves. Next up: Consolidation, then a fake break out before a power drive into the direction they want.
Note: This objects to my prior bullish chart. We'll see. (priceaction-trading.blogspot.com)
stockcharts.com Volume may indicate bulls are still in control (Large volume with a small candle.)
Under my new self-direction, I'm not in the market but watching (only audusd). I sit on my hands and check my emotions on how often I want to jump in the market, but I won't do it. It's been a great lesson so far and will contribute to an end of over-trading. In accordance to discipline training, I'm only allowed to watch one pair for the time being. 2 reasons...
Very common pattern attributable to many different trade setups. I just watch it with my own methods
I am a "good" trader, not excellent, not professional and not yet rich. I am a profitable trader with a small account being patient with compounding. Time will tell about trading consistency. That being said, cowboys, here's my view of the bank moves. This would play out over weeks. Remember, bankers are sluffing off this month because of the holidays. ...
Okay smarty pants, you're watching for a potential ma crossing. You're going to for momentum, mtf confluence and fibs at that time before entering the trade, right? Oh and don't forget r:r. Dont' waste your time if it's not worth it. Week will be stupid slow.
You're reading the stochastics. Overall trend is up (target 1.1717) She's getting ready to bounce. Be patient. Wait for mtf confluence for solid entry. This week will be slow/week.
Tech Analysis only. Thot I would post this perspective which is a higher probability statistically (see Bulkowski's Flag Patterns, but note he tested other markets). My favorite pattern. See Weekly/Daily charts, price is below trend line after a test. Bulkowski's percentage calculations projects a move to 1.14 level for which I won't entertain, but will...