Slow momentum thru London open, but 4HR candles held nicely above yesterday's high before squeezing up to 115. New setup below 115 right at U.S. (equity) open, 3.5 hours left in current candle.

USD/JPY Discussion

USDJPY 4HR close above previous day high. 2 hours left in current candle.

USD/JPY Discussion

USDJPY 1HR. Very low risk entry with the bullish uptrend on monthly/weekly/daily candles. I don't set price targets but seems reasonable pair could reach 120 this month based on November's great move.

USD/JPY Discussion

Early test of 101.50 and a nice bounce underway. Inside bar on weekly chart last week, and came within 6 pips on the test down just now. BOJ soon.

USD/JPY Discussion

Very fast drop, wow! 101 & the 61.8% retracement of August's range is in near perfect confluence, so watching there for a possible bottom.

USD/JPY Discussion

Could happen, still lots of time (19 hrs) left in my Daily candle. Should it go down to 103.40, I'm still expecting the pair to move higher, especially the earlier it happens in the day. Possibly >105 at this time tomorrow, but targets harder to ...

USD/JPY Discussion

Seems simple, so must be bad!

EURUSD

15 min chart with Daily fib levels.

USD/JPY Discussion

Monthly/weekly/daily candles are all green, with lots of action already in Sydney session. Already moving down to the 38.2% of Friday's daily candle. Sell stops in 103.20 area shouldn't be hit.

USD/JPY Discussion

Flying buddah monthly candle for USDJPY off of 100. Very nice looking.

Building an equity millipede

Last month's engulfing candle in EURUSD offered a near exact 61.8% retrace of May's range. Sellers now in control on Monthly/weekly/daily charts. As Graeme always said, "look inside the inside of the inside." (post 766)

Building an equity millipede

Sad to see not much activity in this thread, but I wanted to bring to everyone's attention a monthly bearish engulfing candle in $EURUSD about to close after a year of choppy movement. Could be the start of another major leg down.

Building an equity millipede

I look forward to reading this thread when I get some time. Rule #1 is so simple, yet so critical for directional trading. I use the same rule with monthly/daily candles.

As simple as possible: 00 level trading

This pair is a complete mess now. Daily and weekly timeframes are confused, so I'll default to the monthly timeframe, which is a sell. No real momo this month so far, just a whole lot of chop.

EURUSD

Dunno what to say about this move higher in EURUSD. Looks like stubborn buyers about to be chopped up by the FOMC. I'm not touching this pair ahead of the statement as I'm not super confident in either direction.

EURUSD

I say low risk just because a tight stop can be used of 20 pips using Tuesday's daily candle and the three major timeframes being red should provide solid selling pressure, at least until my daily candle closes in 15.5 hours. Should the 1.3562 stop ...

EURUSD

Bombs away. Monthly/weekly/daily/4hr/1hr all red. Looks like the bottom is about to fall out. Super low risk to short here. Buy stops at 1.3562 should be safe.

EURUSD

Well it all depends on how fast you are attempting to take profits. There has been some green daily candles in the past couple days, but they keep getting sold because the selling pressure from weekly/monthly candles are overwhelming the bulls. I'm ...

EURUSD

EURUSD bears should be pleased with the way the pair is trading right now. After retracing nearly 50% of last week's inside weekly candle, bulls are struggling to reverse the trend. Daily candle closes in 7 hours and then all timeframes will once ...

EURUSD

Well both are pointing down for me. Monthly is a bearish engulf while the weekly is a failed bullish pinbar. Daily is also bearish so until 5 p.m. New York time I'm bearish. Lots of positioning before FOMC. Take low risk setups on 4hr and you will ...

EURUSD