nevermind.. this is an intermediate target area, so most likely you wanna be taking profits if long from pre-FOMC, or staying flat if not... don't wanna buy intraday strength on top a strong multiday upwave.. works at times, mostly does not. So I ...

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Yes, I agree with it as a target area.. could indeed induce some backfilling, but with the current strength, I'm in the dark in regards to valid downside targets for now, no solid view. Need more price action. Thanks for clearing that up Likerty.

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not following EURGBP and not following correlations EDIT: and yes, GU could head way higher instead, it's not important as this is a scenario, not a forecast... it'll then hold ground at/above 6050-6120 instead, so reveals intentions towards the ...

EURUSD

Strong == target ? From 3550-80, not seeing more potential than down to about 3460-75 at most..

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EU: have a target pretty close to that...on daily, from above 3490, next main tgt is 3650-80 - thru next week.. Longer term (few weeks/couple of months), weekly shows 3820-60 as initial, 4050-4100 as primary tgt. GU: a multimonth 5-wave accelerated ...

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Not talking about EW/RN/WW/whatever. Drop the formal theories and/or their combinations - establish a few ground rules and trade the stats. Use only the basics. The simplest, cleanest stuff, that repeats over and over in the charts - and use it with ...

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Valid point. Even though one can count their waves every which way and adjust them to whatever extent - it's important to have base rules, in order to have consistency. Best tradeable structural patterns do not change fundamentally over time nor ...

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1st leg off that 3375-90 completed at 3325. Carrying forward, current scenario is 2nd leg (retrace) also complete, as 3325->3370 move today - now, 3rd underway to wash out the obvious ~3320-25 SR. Minimum tgt @ 3310-20. Main tgt @ 3280. Don't like ...

EURUSD

Target hit. Free to drop now, as long as it keeps resisting the zone on 1H. Last battle front for the bears right here... beyond it not until ~3500+. A fresh HH failure (3383+) would setup the downside best. Target ~3280 from there. Intraday is ...

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ABC into the buy zone, 1st intraday tgt hit now... image

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Might be something there, for one part of an entire strategy, eg another factor to incorporate into an edge. But from strictly the video, the few instances he demonstrates tell zero, also the dude only seems good at perfect "hindsight trading" ...

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Yes, longer term it's no factor - agreed entirely. It only has intraday influence. It's the other things within multiweek timeframe that point my analysis towards 3380-90, but you're correct - to each their own as always. Just sharing a perspective. ...

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fwiw, I'm looking at a fresh 5-wave reversal there.. sweet-spot long zone 3280-85, allows for a ~15p stop... setup voided below 3269. In addition, higher TFs (1H/4H) on both EU/EA telling me that the Euro's targeting higher levels, having climbed ...

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Target touched. Outlier Monday. Will probably exceed average daily range (96.6p since June) along this momentum. Thus, likely aiming for 3270-80 today. Beyond that raises odds for a multiweek trend reversal. Never reached 2nd target of ~3070 to ...

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multiweek 5-wave from 3452 high, nearing completion either at 3100-3115 here, or more likely at 3070-85 (1st wave symmetry). Targeting a 3220-30 S/R washout move from there, primary target 3255-3265.

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Mandatory blowoff of the 3290-3300 consolidation roof.. this 3320-3340 now needs to cap the market, H1 closing < 3300 by next hours end at the latest. Current H4 should close < 3290, confirming the exhaustion move and validating odds for upcoming ...

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Thanks - a bit of luck always comes handy, though probabilities play a much larger role here Could be it needs news, could not be - I don't know and doesn't matter to me. News are an excuse to fulfill and follow technicals, to my trading. This is ...

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3205-3210 last bull defence now, shouldn't tick under it (into the current LOD spike from early hours). Once breaks through 3260-70, followed by 3280-90, road's clear towards 3350-70 retest. Free ride now, on the trade.. image

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3192-3202 crucial key zone for intraday here.... broken upside, retest now.. Overnight ABC downmove reversal attempt being put in /w strong bounce from 3150-70 area. L 3201 SL 3186 (-15p) TP #1 3291 (+90p)

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