That's how I trade irregular B. Working like a Swiss watch. Entry is when the low of the first bar that failed to make a new high is taken out. Stop loss has to be put immediately after the entry. I didn't trade EU b/c I held GU overnight.

Coreg's EW+HP+D/W Range

The market cooperated with my first scenario to play—Wave (c) as a possible ending diagonal abcde. We still don't know if wave e is finished. The pattern on the daily chart calls for a drop to 38.2% @1.2840 but probably not today. Watch the zone ...

Coreg's EW+HP+D/W Range

Yesterday's setup is still in play.

Coreg's EW+HP+D/W Range

30M chart for the day trading decisions.

Coreg's EW+HP+D/W Range

Maybe 3rd time is the charm. Today is the next scheduled date for the reversal. The first support zone on the daily chart is between 1.2939-1.2931

Coreg's EW+HP+D/W Range

The zone for the potential wave (c) held. GU almost hit AB=CD target @ 1.30137 (corrected, the magnet wasn't on, sorry). Potential deep wave 4, be on the lookout for the possible failure of wave 5.

Coreg's EW+HP+D/W Range

30M chart before the FOMC.

Coreg's EW+HP+D/W Range

8 trading days later GU is still trying to find the top.

Coreg's EW+HP+D/W Range

GU is trading above the weekly high and WR1, if the market stays above 1.2991 the target for the week is @1.3027. Does the market reach this level? I don't know but that's how I trade weekly range. The next two days have important news.

Coreg's EW+HP+D/W Range

Targeting WH @1.2991

Coreg's EW+HP+D/W Range

Wow, it took 2 days for GU to reach the 1.2913 level. It's Friday, do bears have more in the tank to push lower? It seems many more traders aim at this level as a target.

Coreg's EW+HP+D/W Range

Another tough day? Yesterday GU made ID/NR4 bar on the daily TF.

Coreg's EW+HP+D/W Range

Looking for the test of YL @1.2913

Coreg's EW+HP+D/W Range

Pat, I followed your and @BT's posts about trading GJ but gave up quickly. It requires too much attention with daily ATR (14) over 200 pips. Here is my old chart. image and today's 4H chart. image

Coreg's EW+HP+D/W Range

Euro follow up.

Coreg's EW+HP+D/W Range

On the same page with EJ.

Coreg's EW+HP+D/W Range

Scenario to the upside.

Coreg's EW+HP+D/W Range

Done for now. image nothing complicated, just follow the scheme. image

Coreg's EW+HP+D/W Range

Pat, I will check later. I'm babysitting MES (afternoon session is in full swing now)

Coreg's EW+HP+D/W Range

The dollar is going down in the long run, below the low of October 2024. The chart is easier for labeling. The Euro is weighted at 58% in the dollar index so DXY is helpful for trading the euro.

Coreg's EW+HP+D/W Range