Quick Weekly Outlook So far, to me it looks like bulls are slowly getting warmed up. Last week was the completion of revisits to the lows of the bullish engulfing. This week was more like bulls slowly awakening and reaching higher. Next week I would ...

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Calling it a day an week here at 1.1677.. Enjoy your weekends folks... Peace out..

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After this hour, M5 is okay to trade.. Volume might soon drop anyway... I am slowly preparing to call it a day and week... While candles open above or at dashed line (i.e. median line of channel), bulls are good!

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M15: next watch 1.1677...

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H4: Bull target has just been reached: 1.1660 is now being retested! Also hello to: 1.1666

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Long order is not open yet... takes too much time to post every 5 minutes... The point is: the direction on M15 is still up... keep buying!

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M5: Waiting for best entry...

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M15: I am noticing that bulls are still present, because M15 closed back above 1.1645... So I am getting ready for a new buy order... I stepped down on M5, and watching if there is a dip to 1.1643... If yes, I will re-enter...

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M15: Normally I would keep buying the dips.. but now we have a bearish breakout on top: 1.16496... (potential resistance) *Candles also have now closed below 1.1645, so buying is currently not an option! Therefore, I pause buying and wait for a ...

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5 pips it is.. Waiting on sidelines now..

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Moving stop to 1.1646 (+5 pips locked)

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Okay.. I think it is safe to move stop to 1.1642.. (+1 pip locked.. zero risk) *If not, I can blame the Friday choppiness for it

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1.1641 was almost touched... but bears couldn't get it.. lol... still watching.. I want to start trailing but no chance yet with these slow crawlings... patience *On a side note: I never ever would hold trades over the weekend and I ...

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Because it is Friday: If price comes back to 1.1641 one more time I cancel my long order and close at break even... *If things don't work out smoothly, don't force it...

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M15: I entered long at 1.1641... Let's see how it goes... thin market...

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D1: this chart is still bearish BUT don't forget: Harmonic patterns often force price to change direction! *~1.1660 is key resistance area here...

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M15: I am starting again to buy dips... Watch 1.1638...

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And here is my H1 chart... you can see some of the reasons why I stay bullish... chart is self explanatory.. *Of course sellers can benefit here.. selling is not wrong... it is just the W1 chart that I am cautious of and therefore I don't sell!

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M15: It is another day where my engulfing strategy worked but I didn't take this one... *Today, I want the H1 chart to get ripe for bulls.. IMHO, M15 can be risky on choppy and tricky Fridays...

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On a second thought let's make that 1.1643.... While M15 candles open below, I don't buy! *But I am also not a seller... for the known reasons I explained earlier...

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