btw I like this bull(shitt)ish word, is there an equivalent for bears?

EURUSD only

If this should be the case I might switch to only using technicals in the future. But for the past months I have been leveraging my longs and buying dips since 1.08 due to fundamental reasons and I don‘t think this trend is over yet. The FED ...

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DXY daily bearish engulfing.

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It was all a trap for the crowded USD short investors. We had the rising wedge and MM spread the story of a possible early end of QE in order to squeeze USD shorts and collect them all for themelves. I bought some more EURUSD during the correction ...

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Thought so too. In general the large rising wedge worked out far better than I would have suspected in this case, nice catch @ Ata.

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Here comes the first headlines on this as I expected: „Fed's George: Fed won't react if inflation tips over 2 percent“ and she referenced to unemployment as expected. Powell will most probably take the same track on Thursday, so we could end up ...

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Market collecting some more shorts to ram through 1.2168.

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Maybe you should have sold some vol for today

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There are lots of people trading on basis of the general economic picture and the respective central bank expectations and every number is a small part of the puzzle. So it is not just an excuse to move the price but of course a single number has a ...

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Apparently the market is worried that Powell would give hints on Thursday that QE could end early if inflation dynamics are sufficient. However, I reckon the opposite will happen. As Biden will issue plenty of new debt the FED will have to buy it, ...

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I think the hourly chart shows a completed falling wedge.

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hey suthmo, can you please elaborate this a bit further? what is exactly classic in the move we saw and what is the second picture telling us? Many thanks!

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just had to smile on how you define facts for me facts are fundamentals for you chart patterns. but your analysis is top so you can call it fact.

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I trust wedges a lot, but I think this rising wedge will have to break to the upside. The fundamental setup is just not right for a big correction. Time will tell.

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The blue wave have become reality, so who cares about NFP

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Gonna be a close call

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If M60 closes above 1.2233 it is still bullish.

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One technical aspect supporting longs here is that we are on a descending support line since Jan 6th which tend to be strong. Seems it is holding again at 1.2233, so this is a bullish sign.

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Anyone here still holding on to longs?

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Seems in this forum nearly noone is left on the long side, which makes me sceptical about the statistics that most traders would still be long. But on the other hand there are probably just the smart traders in this forum who might not be ...

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