The German CPI does not seem to have a very big impact on the market, at least so far.

EURUSD only

If the price reaches my target area I will trade 0.1 lot. Short positions are painful for me, although I do understand that it is to my advantage to be short sometimes.

EURUSD only

M30, the trend looks strong and won't give you the opportunity to go short anymore.

Cable Update (GBPUSD)

Personally, I'm also inclined to be long the Euro, and 0712 may be the limit of the retracement. What the heck, plan ahead and wait for things to develop. image

EURUSD only

Yes. At least I am unable to tell if the price will break out early. It's something that God does.

Cable Update (GBPUSD)

It is also possible that GU will break straight upwards.

Cable Update (GBPUSD)

It is clear that the trend line is a better support than the 50SMA. Because I don't understand why the 50SMA has a support effect. I mean the 50SMA didn't work last time, so it won't work this time either.

EURUSD only

Thank you for your response, and this is the line of thinking I am currently using. However, I have run into two problems. One is that it is too subjective and not objective enough. The second is that I am often drowning in details. The criteria for ...

Cable Update (GBPUSD)

Can I ask a question? What tools do you use to determine trends. I know this is a very basic question, but it has really bothered me for a long time. Am struggling to find an answer. Thanks!

Cable Update (GBPUSD)

It is basically impossible. hahah

Cable Update (GBPUSD)

Hey, bro. What macro environment makes you think that USDJPY and GBPUSD will weaken at the same time? It doesn't seem logical to me that the two correspond to each other. Isn't it right that the USD is strong, USDJPY rises and GBPUSD falls?

Cable Update (GBPUSD)

Agreed. I think a halt in US interest rate hikes will be the definitive event of the year, which means the dollar index will be depressed, as will the USDJPY. After all, the US has the biggest influence. Meanwhile, the odds are that Japan will ...

Cable Update (GBPUSD)

GBPJPY, this may be an opportunity. Just need to wait for a price stop signal. image

Flying Dutchman

It seems that this averaging line is not acting as a good support. There is an unstoppable trend in price.

MA Crossover System that works for me

1.0740 is a good resistance level, but the market has stepped into oversold territory and a deep rally may be in the offing. It always feels like it will.

EURUSD only

Still trending lower, with 1.20788 perhaps the key point. image

Cable Update (GBPUSD)

With expectations of a Fed rate hike rising and the dollar becoming strong, there may be room for the euro to fall. Still plan to bounce back and go short. image

EURUSD only

However, the non-farm payrolls data made everything possible. The data has made me fearful of trading and I then try to avoid it as much as possible.

Cable Update (GBPUSD)

Hi, my thoughts are that UJ must break out of the 128.900-129.150 range before it can go up. Otherwise it will also remain weak, which could all be spoiled by the NFP data, after all it is the boss.

Imbalance is key 🔑🔒

Structurally, the euro is still trending upwards, perhaps it needs time to adjust. But the non-farm payrolls data will change all that and make things more complicated.

EURUSD only