Market Overview: EURUSD Forex The market formed a EURUSD pullback into the trading range in a 4-bar bear microchannel on the weekly chart. If the market trades higher, the bears expect at least a small second leg sideways to down to retest the May 12 low. The bulls see the current move as a 50% […]
Weekly Shallow EURUSD Pullback
Market Overview: EURUSD Forex The market is forming a weekly shallow EURUSD pullback testing the breakout point (Aug/Sept highs). The bears want a failed breakout followed by a retest of the middle of the trading range. The bulls must create a breakout above the micro wedge with sustained follow-through buying to increase the odds of […]
Monthly EURUSD Bull Breakout
Market Overview: EURUSD Forex The market formed a monthly EURUSD bull breakout above the trading range. The bulls must create a follow-through bull bar in May to increase the odds of a successful breakout. The bears want a failed breakout followed by a retest of the middle of the trading range. EURUSD Forex market The […]
EURUSD Bears Want a Failed Breakout
Market Overview: EURUSD Forex The EURUSD bears want a failed breakout above the trading range. They must create a strong bear entry bar to increase the odds of a failed breakout. The bulls want any pullback to be weak, sideways, and lacking in follow-through selling. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD […]
Weekly EURUSD Bulls Need Follow-through
Market Overview: EURUSD Forex The weekly EURUSD bulls need follow-through buying following the breakout above the trading range. They want a strong breakout followed by a measured move based on the height of the trading range. The bears want a failed breakout followed by a retest of the middle of the trading range. EURUSD Forex […]
Weekly EURUSD Bull Breakout
Market Overview: EURUSD Forex The market formed a weekly EURUSD bull breakout above the trading range. The bulls need to create sustained follow-through buying to confirm the breakout. The bears want a failed breakout followed by a retest of the middle of the trading range. They must create strong bear bars to show they are […]
EURUSD Retest of the Trading Range High
Market Overview: EURUSD Forex The market formed a EURUSD retest of the trading range high this week. The bears see the current move as a bull leg and a buy vacuum within the trading range. They hope that the upper third of the trading range will act as resistance. The bulls want a retest of […]
Weekly Weak EURUSD Pullback
Market Overview: EURUSD Forex The market formed a weekly weak EURUSD pullback, the candlestick closing as a bull doji with a long tail below. The bulls expect to get at least a small sideways to up leg to retest the recent leg extreme high (Mar 18), even if it only forms a lower high. If […]
Weekly EURUSD Micro Wedge
Market Overview: EURUSD Forex The market formed a weekly EURUSD micro wedge around the November 6 high. The bears must create strong follow-through selling to increase the odds of a deep pullback. The bulls want any pullback weak and sideways (overlapping candlesticks, doji(s), bull bars). EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD […]
EURUSD Bulls Want Follow-through Buying
Market Overview: EURUSD Forex The EURUSD bulls want follow-through buying to retest the top of the trading range (Aug/Sep highs). The bears hope the market will stall around the middle of the trading range and form a lower high. The move is strong enough for traders to expect at least a small second leg sideways […]
