GBPUSD Monday, Jan 26

I saw that GBPUSD have same situation as my analysis on EURUSD. So after calculating the worst scenario I decided to Open SELL GBPUSD with SL at 1.3992 and my Target 1.3730 and 1.3654. We'll see then

EURUSD Monday, Jan 26

This morning i have really nice pips on SELL EURUSD & GBPUSD. Nice Monday... hehehe in this afternoon i have very nice pips too on BUY both pairs.

OK, now what happened with EURUSD ?
I believe, base on my chart analysis that EURUSD still in down trend. SMA 120 (Magenta) show me that downtrend still valid. The last four candles on H1 Time Frame show me that EURUSD is trying hard to reverse the weekly trend but it's looks like she just coulkd play below SMA 120. Base on my KG Fibo Level the retrace looks like just reach SD +1.5 (Khaki & SlateBlue) and stuck around Daily Average level (Lime).

So, after calculating the worst scenario i decided to open SELL position with SL at 1.3048. My target 1.2898 and 1.2815.

GBPUSD Monday, Jan 26

I have already open SELL for GBPUSD. And why i open the trade, all the basic analysis is not different with EURUSD. Just check my chart.... 1.3579, 1.3550 and 1.3503 will be my target... we'll see then

EURUSD Monday, Jan 26

OK, i have already place my SELL orders for EURUSD. hehehehehehehehe now i'm just watch a Price Action to decide when i have to close all of them. 1.2832/1.2815 will be my first target... we'll see then...

EURUSD Monday, Jan 26

Ahaa... small retrace is happened now...
If you see my chart, i made a sign "C" at current low. I assume a retrace is happened to down wave (B-C)... so i draw a new KG Fibo Level (SlateBlue) from point B to C. Now i just wait my trigger to tell me when i have to put my Sell order to follow the Down wave (B-C) movements. we'll see then

EURUSD Monday, Jan 26

I wake up late today, so i can't ride the down move this morning on EURUSD. Down move already happened so what i have to do ?

Here is my plan:

If you check my chart, i made sign "A" and "B" at the up wave which is happened on last Friday and i draw my KG Fibo Level there. As my wave defenitions, the down move which is happened currently is called a retrace. We don't know yet it will be a medium retrace, big retrace or reversal. But as per my wave definition, if the retrace just reach SD -0.5 (1.2832) KG Fibo Level and move up again it's means she will make a medium retrace, and if she reach SD -1.0 (1.2765) it's call a big retrace but if she move down more than SD -1.0 i called it a reversal.

Currently base on Daily Bollinger Band (PaleGreen), the price still in consolidation phase because price still in Daily BB SD +/- 1 range. And base on My KG Daily Range Level (Lime), currently price stay below SD -1 level (1.2876). The down move still in "medium down trend" base on my Daily Trend Analysis, so i'm sure a retrace still not finish yet. But base on my KG Daily Momentum, i can see currently the down move still weak, because currently momentum still play on daily Momentum.

So, in this situation i will wait until price move to area of SD -0.5 (1.2832) and SD -1.0 (1.2765)... because in that area the turning poit probably will happened. So, for EURUSD, i plan to BUY in that area if all trigger confirm. I will not jump to the flow... for me that's to dangerous.. it's my fall to wake up late so i can't catch the down move, so i have to wait... hehehehehe. I will place My Sell order if there is a small retrace happened in current down move.. we'll see then..

Hope this could help you and understand how i decide my decission...