The end of the year...
We might fall from the cliff...
2013 USD rally?
Who cares - just grab what's yours...

Are we due for a correction before heading north?
The move is strong and I expect it to last at least till around 1.3500
Breaking double tops to the upside is a very strong formation on lower timeframes, but considering fractal structure of the market I see potential for it working also on D1 TF.
More conservative play is to take corrections long until proven wrong, which for me right now is below 1.2880

what a beauty...
Considering correction to 1.2900-10
At the same time 1.3014 can be reached before correction

Keep in mind...

It's Friday's correction

EURUSD - how do I trade it today? - just look @ the levels above

EURUSD - potential head and shoulders
It's' just a point of view on the market, remember - PRICE is always right - and supply and demand will tell us the true.

Thursday`s and Friday's trades... ex post.

Considering Long from 1.2970 for 20-30 TP, after price proves me that this level holds.
If we stay relatively oversold another chance to take short term long will be @ 1.2935

Testing the 1.3000 area.
Looking to take a long trade in 1.3013-1.3000-1.2990 zone.
Not taking shorts until visible weakness @ retracement to 1.3013-1.3000 after breaking that level and at least testing 1.2990.
Possible long @ 1.3020 but SL at least 40 pips - too much for me...

Possible scenarios for EURUSD short term trades today.
Range 1.3013-1.3065 or even 1.3080.
After BO from 1.3080 look foreward to see retest of highs between 1.3135-1.3170.
In case of BO through 1.3013 to the downside watch 1.2985-90, and then 1.2960.

Consider this baby too.

@ 1.2858 there is an important trend line and we might bounce here all the way up to 1.3200.
Bearish channel overextended break out between 1.2880 and 1.2858 suggests strong appetite/sentiment for shorts.
Picture above shows a few possible places to take short term trades.

Possible scenarios and levels to consider trades:
Bearish EURUSD:
Short 1.2930
Short 1.2960
Long 1.2875
Bullish EURUSD:
Short 1.2990
Long 1.2970
Right now I'm short 1.2930 at least till 1.2900, and possibly 1.2875.
I will become bullish after breaking 1.3000 to the upside.

EURUSD
Morning session got us to 1.2880 where we took long trade for a 0,5% profit.
Now there is H&S in play. Things to expect:
1. Fake BO to the downside and rally up.
2. BO thru 1.2880 - retracement (entry) and heading down towards 1.2800, and 1.2730.

EURUSD is not the most awesome pair to trade during today's London session.
Seems it wants to BO to the upside.
I have 1/2 position long @ BE right now.
You could take short right now - it is a nice spot @1.2925. I just decided to take short after breaking 1.2880 level. Additional long position can be open after BO thru 1.2930 (on retracement).
Next strong Resistance @ 1.3050 and @ 1.3150, Support @ 1.2750.

Seems like we'll have to kiss 1.28 before heading north again.

Waiting for Higher Low.
First possibility to join the uptrend is 1.2750.
My much more prefered level for entering long EURUSD is 1.2650 support, where we will see geometric 1:1 retracement to a fibo level 23,6% as additional confluent technicals.

Can't believe I missed 1.2560... should stay home few more minutes, or just set a pending and ALERT!!! Hate missing nice and easy trades!!!

H4 view on EURUSD.
Waiting for big fundies today and tomorrow.
I will try to take shrt term trades after the mess.
1.2640 - is very important - look @ D1 trend line.

Opened short @1.2620 with tight SL @1.2635.
If trade fails then another entry @ around 1.2640 - depending on PA it will be long or short.
TP now @ around 1.2580-90.

Daily chart above shows something to consider as a longterm view, where the market/EURUSD might be headed.
Notice two head and shoulders patterns. Yellow one  - complited, and Green one that is forming right now (right shoulder shouls start forming soon).

We can notice tightening triangle, but since it is already so close to apex we could see couple fake BOs instead of nice and strong BO. It's hard to say  - as everybody will tell you August is tough month to trade.

I do consider the scenario above also, but I'm not going to take a short around 1.2320.

Possible Friday's pips.
I think we should visit 1.2325 once more before heading South towards 1.2227-1.2216 and beyond.

Let the price guide you

Here is my view on EURUSD situation.
1.2325 is crucial. As I mentioned before you should be taking long at that point. If it happens we go down thru 1.2325 I see next major defence zone for bulls at 1.2220-1.2240.
On the other hand, if we'll keep moving up and break through 1.2410 my next "stop" is 1.2510, and after this one fails - there is a major 1.2620 (1.2600-1.2640 zone).
We are in the bull mood - the price will guide you!

Waiting to see PA around 1.2440
Will take short position over there, but if price suggests different be ready to go long from that level.
On the other side I'm looking to take long from 1.2290, but it will be important to follow PA from 1.2325, as it might go up from that level already.

TeleTrade another PFGbest? Not far from Amber Gold. Who wants to bet silver oz.?

Waiting for long entry around 1.2290

Expecting low vol day with 1.2320 as an important level today.
Fibo 38,2% and daily pivot are right there also.
So far going short of 1.2372, and then 1.2368 yielded good short term profit.

Imagine H&S on H4 and remember they are trend reversal formations as much as they are strong trend continuation formations. My POIs are all on the chart. Watch for NFP, and if possible scalp some pips after the report.
BTW yesterday trades: 1.2147 long = +30 pips, and 1.2139 long = +12 pips.
Mistakes: missed 1.2297 short entry, and 1.2217 after ECB.

My anticipated moves on EURUSD.
You can notice some kind of flag forming on H1.
Key levels for me are 1.2165, 1.2330 and 1.2390.
On 1.2216 we've had Fibo 50% retracement.
I do expect high volatility around Draghi speech and will stay on sidelines during that period.

 M15 - quick short

 Possible entry on M5 - Long (I was waiting for 1.2107) 1.2122 was beautiful to enter though
Then waiting for 1.2227 - got some respect @ 1.2223 - not enough, but it did let you enter long position there.

1.2325 - no question - easy pips
Last photo - possible head and shoulders (double) - Why not?

I missed couple occasions on very short term trades , as EURUSD was bouncing back of SR levels deeply on it's way up. Very nice play of 1.2165 level - blue rectangle on the chart represents volatility zone between 1.2160-80 - additionally rising trendline got hit (of possible broadering formation).
I'm waiting for one of scenarios from the pic above, and will take those levels depending on price action around them.
Next zone of interest on the upside is 1.2210-1.2230, and on the downside is level 1.2070 and 1.2040.

EURUSD M15
Waiting for some more meaningful price action
There is bullish flag forming on M15-M30, so if it doesn't fail I can see us going to 1.2160-75, then bounce, and then gotta watch PA to see what is happening.

It' Friday, so I'm just watching EURUSD.
Unless I see something beautiful I'm gonna pass on trading today.
Long term strategy - quite flustrating - been up 100 pips like 4 times, now waiting for reaction as we consolidating in something like triangle and still can go up or down.
It is the moment when a lot of participants may give up - and we'll see the move.
Still Friday is unpredictable and stoploss hunting day, so need to be very careful.
Short and Mid term trading did ok this week, so that helps to kill flustration from Long term strategy results, and keeps my brain healthy.

This is how I see EURUSD in next couple of days.
Depending on PA around 1.2150 we might see further drop to 1.18, or just stoploss cleaning and a sharp move towards 1.25, but for this kind of move we do usually need some big fundamental catalist.
On the other side 1.2363-1.2407 should be interesting zone to watch as it will be a good value area for Shorts to join the downtrend.

My favorite early reversal pattern.
It's very hard to enter, as there is a few spots to consider. You should look at it as you look on reversed H&S pattern, and imagine you are trying to take early entry on top(bottom) of right shoulder.
This is H1 chart with my long term strategy trade, where I piramide, scale in & out, and trail stop. Red line is my initial entry, now break even, green line is partial TP will be moved as necessary.
Consider 1.2245 or 1.2210 as possible additional entry levels. Be very careful, as we might not go up right away, and consolidate for longer here.

Waiting for what didn't happened yesterday...

 USD index

 EUR index

 EURUSD M30

EURUSD M30

Very quiet morning during european session.
Pictures above show what kind of moves to expect.
It's important to look simultaneously at USDX, EURX and EURUSD, since you might get earlier confirmation.
My prefered entries are short around 1.2400, or long around 1.2250 as I want to see StopLoss orders to get squeezed beyond those levels.

Since I didn't have time to publish what I was looking at in the morning, but it was very similar to yesterday's setup, here is how you could trade it:
Watching the range since the morning, and knowing it's gotta breakout either up or down, I took:
Longer term trade (60 pips target) with SL above the channel, and safe TP around 1.2440-50.
And short term scalp, that I had to take twice, since Chinesse dudes decided to mess with my setup.