Guys this DXY falling wedge drives me nuts. I will sell some of my EURUSD longs, too risky that the wedge is real.

EURUSD only

It is not moving much because the euro PMIs have nothing to do with the USDJPY pair, the move is EUR related not USD related

EURUSD only

1.2210 is critical for bulls on H4

EURUSD only

nice one, you forecasted a 4 cent move here, it actually went slightly below 1.16 now I will stop commenting old entries, but pretty nice to read. Is there any way to scroll fast to the page of a particular day?

EURUSD only

Nice predictions back from 2017, sounds a bit like nowadays. In Sep you said first down to 1.17 then in December above 1.21 which was more or less correct. But in any case funny to read some fundamental analysis from you, seems you fully ...

EURUSD only

I agree that there is a certain danger for bulls here, all kinds of rising wedges are possible, so I will try to unload half of my longs somewhere between 1.2250 and 1.2350 at least temporarily to see the magnitude a potential correction. However, ...

EURUSD only

Interesting - I have been watching this red line the whole afternoon, but with Bloomberg H4 data it is already broken - I mean completely, not just by a margin.

EURUSD only

Sounds like mtako style

EURUSD only

Current Ratio | FXSSI - Forex Sentiment Board This one still shows 70:30

EURUSD only

Thanks!

EURUSD only

Also why do you make a stop loss of 30 pips when the next big resistance zone does exactly begins at 1.2258 (i.e. where you would trigger the SL)?

EURUSD only

Thanks, TL = ?

EURUSD only

Why?

EURUSD only

This scenario is definitely in the cards, though there are other versions of this wedge which only go to 1.2250. But in the 1.2250-1.23 region we would have a high probability of a quick drawdown. Euroland PMIs tomorrow could bring some movement.

EURUSD only

Usually I watch H4, but the situation is not clear. We broke back into the H4 rising wedge yesterday but it is trying to get out to the topside again, while the DXY H4 falling wege is still unviolated. If 1.2206 keeps rejecting it might retest 1.21 ...

EURUSD only

Sure - attached on M30 - it is not a particularly nice wedge, just a hint of a wedge, but I like the longer downward sloping support with slightly negative slope. Those are often good, though the fit is not optimal here, was just trying to find ...

EURUSD only

Guys, if the only tool you have is a hammer everything looks like a nail. For me this is starting to look like a falling wedge on M15 which is about to break.

EURUSD only

The good thing is that the tapering ghost is now out of its bottle. Once digested it cannot shock anymore until it gets more concrete.

EURUSD only

The essence to me is that even if they start talking about talking about tapering it is still many months in the future before tapering might begin. Additionally there are loads of retail guys short EURUSD. So lots of time between now and the ...

EURUSD only

Principally i am with you, just not sure how much more the tapering ghost will drag it down. If 1.2170 region does not support it looks dim.

EURUSD only