EU had one more downswing during the asia session, but the floor just got higher.
1.21.23 -> 1.2171 in one jump.

#EU: as above so below; as within so without
the channel was doubled and the move below ( market with red 1) is reflected again with the move above ( market with red 2) just as the following market map shows

usdjpy.. or 6J had an interesting formation which at the second touch called for action.
would be great if it reaches the red line at around 117.. which is still no change in the trend at all.. but as the Y6 shows kinda HS forms in favor of the current trend.

charts

UY


Y6

Silver's downmove is such a lackluster. channel bottom (brown line, originating from previous gap high and the intermediate high on the 24th and the lower green upsloping line gave the low of 15.7.

now I have lines to frame a trade

ES touched 2088.75 4 times recently and dived back to 2077.. but nothing serious as long as 2076.00 remains intact.

Going against the main trend is an automatic -10% disadvantage, so risk must be aligned properly.. which I mostly fail.

Premarket silence. YEN and Silver two big movers up until now ( from what i follow) and AUD had just recently a breakout. Silver is tricky as this 17c move is more than 1%.. still on my watchlist....

...to build and destroy another sandcastle.

#AUD anyway is forming a triangle continuation just slightly above the breakoutline.

have to look for cover on the yen... us session recently was characterized by heavy BOJ supported UY direction..

pattern nevertheless pretty much looks like a hs which is not yet a hs but rather a flag. I have a feeling that soon its gonna show his real face.

#Silver - update

Silver bounced from the 15.7 support line and now slightly above 16



hope someone at least followed these lines. Market changes quickly and shows a completely different face from what we expect in so many times. Sometimes.. but more often a single line separates huge forces.

this is a bit outdated but still interesting fx videoclip. Last 3 charts are not mine but they are so awesome that I had to include in this 2 min clip... just before market open.. to calm the stress

I heard in an educational video of a great trader: "always assume the trend can last forever". and others say the trend is your timeframe.


Silver on a great move... but wait.. what is forming up there: