got it more or less, partial scale-ins... ok thx gatorinla.

EURUSD

odds are well in favor it will (head to new lows, I mean) - needs to complete&signal the obvious multimonth H&S, below neckline currently residing @ 2760-2780... so break it, drop a little some and then... tank full, stage ready for a juicy reversal ...

EURUSD

intraday chart is currently on a pending buy signal (from ~2850 area /w SL under 2835) - going against the hourly/multiday/multiweek however.

EURUSD

eg the 50% - you'd just short into strength reaching there? or wait for a confirm (hold&close / reversal bar /whatever)?

EURUSD

Update on the plan... with a more detailed intraday view (15min currently, gives me more clarity instead of the 5min). image

EURUSD

Trade plan for today is look for resistance on a retrace back to 2870-85 area and short confirmed signals upon weakness from there - targeting the 1st, ultimately 2nd zone down there - either by today or tomorrow. Plan void, if hourly closes above ...

EURUSD

Multiday ABC completion confirmed along 2870 break on H1 / H4 basis -> next (probably last) multi day impulse down has now commenced. Targets at fresh MW lows at 2760-2780 initially, possibly 2720-40 area (to be revised, yet). That will complete ...

EURUSD

Hourly closed under 2870 -> cancelled prestage. No more attempts, interested in nothing further for today, especially with the pending FOMC blabber ahead as well... looking for fresh short setups / opportunities intraday tomorrow, as long as the ...

EURUSD

3045...if... if FOMC blabber tanks the USD ? Ya, its possible market pulls the flipside scenario at this given instance... Always a possibility, just not a dominant probability - being against the cumulative odds according to my own technicals. ...

EURUSD

ok, if you don't wanna disclose the definition - just figured you're probably looking at a "plain old" price wave either on intraday or multiday - eg any degre high/low swing. Measuring several at a time currently here... so just interested in what ...

EURUSD

50% retrace of this bar would be usual, considering multiday structure... that would be ~2935 - more generally, 2930-35 area... Still have a short staged there... but cancelling, if next hour closes under 2870. my 4h remains bearish, keeps showing ...

EURUSD

Where one ends, another begins.

EURUSD

gatorinla, which wave do you see as "minor wave", specifically.. ?

EURUSD

One bad-ass 60-minute bar...

EURUSD

Back at screens.. have been stopped -15p on that trade. That last 2915->2998 was out of the blue. 50% tagged and rejected hard, from 3195->2795 5-wave.. violent volatility, but market cannot prove solid ground above 2940-60... Re-shorting pullback ...

EURUSD

ok thx.. tight one...

EURUSD

Interesting 2nd perspective - however I disagree with your wave count. The start of it is ok, but the second part is off, as it doesn't incorporate ratios between the waves or extreme points of the moves. The move 3195-> 2795 is a 5-wave impulse ...

EURUSD

Likerty what did you mean by "against 2938" ? against anticipated/projected resistance that you saw @ 2938 ?

EURUSD

Agree on the first level.. currently looking at 2872-2880 as a good intraday target for today.

EURUSD

Scenario fulfilled, as anchor zone hit, re-tested and rejected by now. Short opportunities ahead, as long as price stays at/under this zone. Intraday now flashing 1st early sell signals, following confirmed reversal off the 2943-2948 intraday zone. ...

EURUSD