Agreed. Not that I focus much on lower TF, but it looks like continuation bearish flag:

EURUSD only

Galileo Galilei? Eppur si muove!

EURUSD only

There might be H&S forming on daily, too. Neckline around 1.05 (just food for thought).

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Ata, your comments are getting funnier and funnier. And I mean that in a positive way, ofc. What if that poor guy loses grip? Where he might land?

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Do you mean this one?

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Yesterdays reaction to monday up move was quite strong, so I expect bears to push price further down. I will consider long as an option when price reaches 1.05 area. Still a lot of ground to cover and resistance areas to clear, though.

EURUSD only

I'm watching 1.064 as a possible short entry. Reasons: previous turning point - start of previous swing down there is good amount of liquidity (mid september 2023) acts as 0.5 retrace from current swing down weekly pivot R1 I'm saying that it's ...

EURUSD only

USD Index on 0.618 retrace from yesterday's swing low. That might cap its today's rise (decline of EU), but we have some red news coming up, so it could turn to anything can happen tuesday.

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I forgot to point out that 1.057x is at weekly pivot point.

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I don't see any engulfing on your chart. Mine doesn't show it either (H1 or H4). In fact at the moment it looks like bearish engulfing forming on H1:

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I think that 1.057 - 1.058 area is possible for today as well. It was important S/R level in near past AND is 0.618 retrace from last swing up.

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I just use them to have a clue which way market will open up. Not to trade.

New Cable Thread & Other Pairs

Agreed, I don't see it either. But my chart (Oanda feed) has sth that can be enterpreted as engulfing. Is it not?

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Nah, I just tried to be funny. I know what you ment. Don't change...

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You are not Old Shatterhand, aren't you? (#Winetou) He used to have bear riffle.

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Thanks. That .38 fib confused me as I have no fib at 1.053. All clear now, 1.0557 is .618 retrace from last swing low, .053 is S turned R.

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Could you specify start and endpoint for that fibo, please? Swing low from yesterday gives ,618 reatrace at around 1.05415, so I am eager to see different perspective from senior trader. Thank you.

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I know it shouldn't but it still surprises me from time to time how price acts on its own, when it is on a mission. Regardless of news. As today - EU is flying with almost every news today in red

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Thank you.

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What is your source? Here on FF Calendar, the event is not that detailed. It would be interesting to see the details and/or compare two calendars...

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