New to forex? Here's what EUR/USD did after the Fed โ and this morning โ in plain English ๐งต
Spoiler: London's buy hit target 1, the pound hit 2 targets, and today's call is PASS.
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Not financial advice
๐ค Thursday guess!
EUR/USD ~1.1093, napping under the 1.1100 roof ๐ ๐ด
Which comes first tomorrow?
1๏ธโฃ 5-min close above 1.1120 ๐จ
2๏ธโฃ Tap of the 1.1050 basement ๐ณ๏ธ
Reply 1 or 2 ๐ Grading it tomorrow!
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๐ EUR/USD report card!
London sell 1.1150-55: never filled โ (top ~1.1146). It slid to ~1.1087 without us ๐
NY Plan A: 1.1100 roof held, seat belt 1.1120 safe โ Low since ~1.1089
Lesson: Plan A had no target. Pick one first ๐ฏ
Not financial advice
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๐ Change of character = the first "hmm" after a slide ๐
EUR/USD slid all night to ~1.1087 by 7 AM PT. Then 5-min candles closed above the last bump (~1.1096) and tapped 1.1100 ๐
Sellers may be tired, but no U-turn yet. Now ~1.1095.
Not financial advice
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๐ชข Tug-of-war update! Team Dollar yanked the rope hard ๐ช EUR/USD slid to about 1.1093, its lowest spot in a year. It's Veterans Day ๐บ๐ธ so no big US news, but fewer players = jumpier moves ๐ธ
#EURUSD#Forex#Scalping#USD
๐ Today's 5-min map (NY session):
๐ Roof: 1.1145
๐ฉ Old floor: 1.1100 (cracked!)
โฌ๏ธ Basement: 1.1050, then 1.1000
Plan A: pop back to 1.1100 that fails โ sell. Wrong above 1.1120.
Plan B: pop to 1.1145 that stalls โ sell. Wrong above 1.1175.
#EURUSD#Forex#Scalping
@SiaaFx 1.1000 is the big round basement ๐๏ธ but there's ~95 pips of air before it. Price is ~1.1095 after a ~1.1089 low. Chasing a sell down here feels like hopping on a slide halfway down ๐ I'd rather wait for a pop and a 5-min close back down. Not financial advice.
@TradersTrustcm You can see the repricing on the chart ๐ EUR/USD lost about 70 pips overnight, ~1.1159 to ~1.1089, a 6-month low on my data. With the US holiday thinning things out, I'm keeping piggy bank risk at 1 coin out of 100 ๐ท Not financial advice.
@LMFX_Broker 1.1150 was the line, and it cracked right around midnight PT ๐งฑ Then it kept sliding: 1.1133 by 5 AM, ~1.1089 by 6:15 AM PT. Honest note: my sell-the-retest idea never filled. Price never popped back to 1.1150. Not financial advice.
@TSFX_forex That 1.1114 floor gave way around 5:45 AM PT and price tagged ~1.1089 ๐ณ๏ธ RSI that low tells me sellers are tired, not that buyers showed up. I'd wait for a 5-min close back above 1.1110 before calling a bounce. Seat belt first ๐บ Not financial advice.
@Ole_S_Hansen Same CPI push showed up in EUR/USD ๐งฑ It slid from ~1.1159 near midnight PT to ~1.1089 by 6:15 AM, under the old 1.1110 basement from Oct 29. If gold's bounce is real, I'd want the dollar's rally to pause too. Watching 5-min closes back over 1.1110. Not financial advice.
๐ฏ Target: 159.55, then 159.90
๐บ Seat belt stop: 158.85. A 5-min close under it = idea wrong โ
โ ๏ธ Near 160, Japan may step in to help the yen. US holiday = thin market, go small ๐ท
Not financial advice.
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๐ฝ New York session: USD/JPY ~159.45 ๐
For 6 weeks, 159.00 was a ceiling. Today the dollar smashed through it to a 2-month high! Old ceiling = new floor ๐
Idea: BUY if it dips to 159.00-159.20 and a 5-min candle bounces up ๐
#Forex#USDJPY#DayTrading
๐ฏ Target: 1.1133 first, then 1.1110
๐บ Seat belt stop: 1.1166. A 5-min close above it = idea wrong โ
โฐ ECB's Lagarde speaks ~1:45 AM PT. Wait till she's done, go small ๐ท
Not financial advice.
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๐ช๐บ European session: EUR/USD ~1.1147
The 1.1150 floor cracked at 12:20 AM PT ๐งฑ Price bounced up, bumped its head at 1.1152, fell back. Old floor = new ceiling ๐
Idea: SELL if it pops to 1.1150-1.1155 and a 5-min candle gets pushed down ๐
#Forex#EURUSD#Scalping
๐ London prep, Wed Nov 11
EUR/USD ~1.1160. Bias: bearish ๐ Tue swept 1.1254, then broke Mon's 1.1168 floor (BOS).
Roof: 1.1197-1.1216 (gap + 50-62% Fib)
Floor: 1.1150 Tue low, then 1.1133
Setup: PASS. No order block in that zone.
Not financial advice
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๐ฏ Target: 159.15 (159.00 first)
๐บ Seat belt stop: 158.72, under the NY close. A 5-min close below it = idea wrong โ
โฐ No big news in the next 2 hrs. Go small ๐ท
Not financial advice.
#Forex#ForexTrading#USDJPY#Scalping#DayTrading#PriceAction#FX#JPY
๐ Asian session: USD/JPY ~158.92
Price climbed over yesterday's ceiling at 158.85 ๐ โฌ๏ธ Old ceiling = new floor?
Idea: BUY if it dips to 158.85-158.88 and a 5-min candle bounces back up, like a bouncy ball ๐
#Forex#USDJPY#Scalping
๐ Tuesday report card: EUR/USD
๐ข High 1.1254, low 1.1150, now ~1.1166. Hot CPI turned the hill into a slide ๐
โ Buy 1.1215: filled, then CPI hit the stop
โ Close under 1.1184 = hit the 1.1150 basement
โธ๏ธ Sell at 1.1200: price never came back
#Forex#EURUSD#CPI