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.

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

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

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:

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.

S

Nice to meed you Simba

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

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: