Market condition

So, if some trader opened sell for USDCHF - he did not make any mistake for example. I opened one hour ago :)

And the situation was changed for now - it is breakdown for USDCHF H1 on closed bar, and breakout for EURUSD H1 on open bar.

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This is ranging market condition for now - I am having the feeling that someone (some governments) are moving the market to "their right side" but the market does not want to :)

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Breakout may be going soon for EURUSD and breakdown (bearish breakout) for USDCHF - we can see it from those screenshots:

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This is ranging market condition for most majors so I can not continue with this new system for now The first version of this manual system with semi-manual EA so I will continue tomorrow (just for information).

It is the flat for USDCHF and price is trying to be reversed for EURUSD with flat as well:

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So, I did not select any pair to trade for this week sorry. I will do it tomorrow when the situation will be more understandable.

Hi Newdigital,

Nice to see your forum.Congratulations for going on your own,I am sure you will make it a success.

Allow me to write my 2 cents on EURUSD:

I expect it to reach 1.3104,at a minimum,before a resumption of the downmove.
Reasons:1-ABCD Projects 1.3104 ...2-Previous Resistance at 1.3106.
Additionally,there is a nice downchannel withresistance around these levels for the next few days.

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Nice to meed you Simba

Yes, I opened buy order for EURUSD (using this Ichimoku Abraham Trend system) :) :

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As I see from D1 chart - Chinkou Span (white line) is very near to be crossed with the price - it is indicating possible breakout somewhere in the end of the week for example:

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