Quick study of my latest loser trade... (We always have to analyze our mistakes to improve!) I had the idea to short at point 0 trusting the channel... Some distraction came in and I had to handle things. During that time candles broke out and above ...

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Most critical hour of this day... Let's see how reaction to 1.1758 will unfold...

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H1: I am marking 1.1744 as nearest resistance... Bears have to beat 1.1729 to reach lower...

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We are probably range-bound today...

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Today, all I care is 1.1762 resistance... (See D1 chart below!) While intraday candles H1 and H4 close below it, I stay bearish! Nearest bear target sits around ~1.1706 area...

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H4: Thinking out loud...

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...black hole *Thanks for remembering...

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I just opened a sell order here at 1.1727... My first and only order for the day.... See you tomorrow folks

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Quick Long-Term (Weekly) Outlook It looks like candles are slowly forming a pennant. The narrowing angles meet at 1.1638 suggesting the potential pivot area. In upcoming weeks we probably will see a lot of zigzag moves below and above this pivot ...

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Please don't use the thread as a whiteboard for your inner voice talk... Share what serves members... not what only serves yourself or your ego... This is a serious business and we are here to support each other.... Not to chitchat about trivial ...

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H1: Today, as long as candles open below 1.1712, I stay bearish!

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H4 and H1: I think 1.1690/95 area is lost.. I am switching to selling.. *On H1, 1.1700 is now my nearest resistance

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If bulls can protect the lows (1.1690/95), we can see a speed up and maybe breakout later... Step by step! But nothing for sure yet. First, let's see who wins the fight!

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Because I keep it simple.. image

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If current H4 candle doesn't close below 1.1696 we go back up and with much more force.. Let's see

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No apologies required.. all well..

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H1: Those who could buy the dip must watch 1.1730/35 resistance next....

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Meanwhile, on H1... H1 candle is about to close... Yellow area is my buying zone.. I am stepping down to M5 to look for fresh buying opportunity...

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Not fully.. If I buy it is trend following.. If I sell it's reversal..

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If price goes to 1.1750/60 I would look to sell... If price goes to 1.1680/90 I would look to buy...

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