Agreed , but still consolidation. Retest of 1.2939 cannot be ruled out IMO.

EURUSD

+ Rebound from Pivot on 5m + bullish Div on H1 = holding longs with TP1: 1.3062 TP2: 1.3123. If 1.2939 will be tested I've got another buy limit there with target @ TP1 .

EURUSD

Bull flag on H1?

EURUSD

IMO News are used to explain moves AFTER they happened only. In EU market wants to test 1.2939 (50% retracement + Pivot), so bad EU numbers will be "used" for that purpose. Then up to H4 6/8 MM @ 1.3062 and probably 1.3123.

EURUSD

Why? Because of news?

EURUSD

Probably targeting 1.2955/1.2939, then up.

EURUSD

, my target is 1.3062.

EURUSD

Next stop: 1.3062. Not trading it, though, I expect a retest of 1.30 as confirmation.

EURUSD

AU is gold-related and channel-friendly, EU is more technical. I think a small retracement is due soon, even if I'm not shorting it, I've just made my day on the long side .

EURUSD

I'd say 1.30-1.3062 would be a good selling area with TP 1.2939. Every strong move needs a retracement...

EURUSD

No problem, it's no secret, I use Murrey Math + I-XO-A-H indicator (just for filtering out blatant counter-trend trades I may take, you can ignore it) + OsMA divergence + FX5_Divergence + FX5_MACD_Divergence.

EURUSD

My view: 1.3000 at least, perhaps 1.3062, then retest of 1.2939. But no trade for me now, too risky.

EURUSD

Me neither, max daily .

EURUSD

Thanks, I've learnt something today .

EURUSD

You're welcome, here's a screenshot, my system is similar to T@rantula's, even if I'm not as experienced as him. In this case, bounce from Pivot [or 4/8] on 5m + several bullish divs on higher TFs (15m, 30m, 1h). I usually don't trade divs on TFs < ...

EURUSD

Thanks, I'm always open to new variants. Why you choose to half the period on 5m? To get better entry/exit points when zooming down to low TFs?

EURUSD

Reached too, congrats to you! About the Period, are you sure P=32 is better than P=64? I got nice results using P=64, levels are a bit close with 32, but I'll study that.

EURUSD

Target reached .

EURUSD

Strange. Period? I use "64". I have two MM indys, and both say it's 2/8 on 5m. Which indy do you use and what values you input please? Thank you for your time .

EURUSD

Thanks T@rantula, I see we are above Pivot, 2/8 on 5m. I can see some bullish divs on 5m and 1h that confirm my long bias (it's only a scalp, very short-term).

EURUSD