So based on the strong bearish move, Ata has a solid point about a bounce at some point. Looking at the monthly chart, we are pushing out of three bullish spikes that haven't really broken out on the long term scale. I'm anticipating that this will ...

EURUSD only

All things being equal, the damage thus far is pretty minimal.

EURUSD only

I closed out at +13 pips. The 10:45 and 11:00 EST candles forced my hand. Not a bad run.

EURUSD only

With the drop below 1.103, I'm selling until the bulls prove otherwise. Working out thus far...+11 pips.

EURUSD only

I mean I wouldn't do it, but logically speaking he's got a 50/50 chance . In all fairness though, the long term trend is bullish. Short term they have momentum.

EURUSD only

Agreed, but price action is what it is. Had I been paying attention to the market prior to the big candle spike yesterday, I would have jumped in on that large candle because you had a 5 minute warning before the rate cut announcement where the ...

EURUSD only

Effing Fridays lol.

EURUSD only

Yeah, that's where my TP lies as well. Too much momentum on the sellers after a week long push by the bulls.

EURUSD only

I'm thinking when the PMI comes out, we'll get a bullish spike, followed by the drop below your trendline.

EURUSD only

I flipped an upside down trade into a nice profit...whew. I knew the drop was coming but I got in a tad bit early. Looking at the 4Hr chart, we are starting to get a widening gap. I'm thinking we are due to drop to 1.0870ish by late next week.

EURUSD only

I see your point...but we had a fake to the downside first. I believe the one up top was to shake out the weak stomachs.

EURUSD only

Diamond formation at the tail end will most likely leave to the downside because it came in from below. It's setting up beautifully. Just remember bull apologists, you read this here.

EURUSD only

We're at the S4 for the weekly. If it doesn't bounce here, the euro is in full tank mode. This is an important spot to pay attention to.

EURUSD only

I mean today they do. We still have a diamond that needs to close out sharply to the downside. Additionally, we have a gap on the weekly chart that needs to get covered up and supports our diamond moving out the way it started.

EURUSD only

Looks like a good day to wash my hair with Head and Shoulders...

EURUSD only

I mean if price breaks through 1.096, then the bears are in trouble...so that should be a fun ride.

EURUSD only

So major liquidity grab...92% of retail traders biting on the reversal. So I'm guessing we will get a steep H&S pattern in the near future once the banks have assumed assets and tricked many into going long.

EURUSD only

DXY about to double bottom. Probably a good spot to get EURUSD sells in at.

EURUSD only

I mean we have overbought conditions and a strong divergence on the 4H chart for DXY and EURUSD. We might push a little higher than the previous high, but we are dropping sharply afterward.

EURUSD only

This would correlate with most diamond patterns on the weekly chart. I understand fundamental and technical analysis may contradict that move, but the diamond pattern don't lie either. I like your analysis.

Only EURUSD