Afternoon all, today i’m including a new pair that I have added to my watchlist. I have taken a buy on EURUSD , if you watch my videos then you will of already seen what I was looking at. Price has broken out of the bottom range and the long standing trend line . Also we can see price has come back and re tested that break, and currently looks to me like its forming a new demand zone . We can see the sellers and buyers in battle as we speak. I have taken the buy on the premises of that impulse. Use risk management if you decide to take the trade as always. Does have the possibility to go alot higher than the supply just above, but will deal with that at the time. Next day or so will tell us if the break is real or not. GLIYF
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What on earth is supply and demand in a currency market? Well actually, I know the answer, but it’s not visible on a chart.
How is that different to s&r?
The spike yesterday caught me off guard I have to say!
yeah looks good on the daily set up will be looking for a nice entry come Monday network session or Tuesday London to hold and ride this for the week. do you drop to lower TF for your entry and any form of confirmations for your positions?
Well after the first visit to EURUSD in a while it looked to possibly be turning in trend, but its clear it was a fake daily breakout and the strong weekly trend has spoken. Still very much bearish on EU as trend shows. Obviously USD is highly manipulated and we will get a reversal in price but the question is when. Doesn’t help with EUR being so weak and the correlated opposite to USD.
As you can see it looks entirely possible we could be visiting the 1.10 area before we get any bullish reversal, possibly even lower to 1.08. We could get a sell in when price creates the next lower high, so we will have to watch for that to be formed and ready. Then once we move further down we can look for that longer term bullish move. Patience with this pair for now. mark up your charts and keep your eyes peeled GLIYF
The Currency Pair EUR/USD is the shortened term for the euro against U.S. dollar pair , or cross for the currencies of the European Union (EU) and the United States (USD).
Good morning all, reporting on EURUSD this morning as I have taken a sell on the daily candle close. Initially I was expecting more of a drop to the imbalance zone below, and less of a pullback. As we can see price has had a sharp up turn in momentum. But it looks to have tapped into supply and lost its steam. Going with the overall higher TF bearish trend and under the EMA it’s a valid sell to take for us. We can get a fairly small SL above the moving average and also have a nice target to aim for with good R:R. If this is a true lower high then we should be good to make the next step down. I will update again in a few days hopefully this time with profits in tow. GLIYF
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I assume that the pair may continue its bullish move. The way it has been heading towards the North, it suggests that the price may end up making a breakout here. A bearish corrective candle followed by a bullish reversal candle closing above the last resistance would be a good signal to go long as far as I am concerned.
Where is EURUSD heading? 
Depends on what DXY does. For me it’s just tapped into an area that I might expect to see a drop now. If we get the LH confirmed and a structure break we may see bearish DXY which means bullish EU.
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Good morning all, quick update today as I have just entered as buy on EURUSD . I was looking for price to come to this buy in level. I went down to the 4H timeframe to taker this trade. If you look you will see two hammer rejection wicked candles so that was a green light for me to take the trade. Fingers crossed this one plays out or I can at least lock in some profits as EU hasn’t been kind to me. Little risky but I am ok with that, fortune favors the brave as they say. Will update again in a few days. GLIYF
I thought those hammer rejection wicks would indicate a sell.
I might have liked to have seen deeper retracement but looking good for you at the moment. EU looking like it like be breaking structure.
Nice observation, thanks for correction, EUR looks at risk as fed policy might oversee the crisis ongoing in Ukraine. What you think?