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- rehmatkhan00 replied 2 hr 59 min ago
The trend was supposed to be broken above the strong resistance 1.0880 but bears are fighting well and until now they are successfully keeping the price below the strong resistance level. Let's see, for how long they can fight and how deep they can ...
- rehmatkhan00 replied May 31, 2024
Yup at the end it comes to with which timeframe you feel comfortable and I am a swing trader so I prefer to use higher timeframes.
- rehmatkhan00 replied May 31, 2024
I think it is always about a higher timeframe not smaller timeframe and the small timeframes usually give us a direction for short term that is why I do not trust them. Beside there are also a lot of fake-outs and wipes which sometimes become ...
- rehmatkhan00 replied May 31, 2024
Yes, if this fails then we might see big downward movement but for now I will wait for daily closing to see how this ends.
- rehmatkhan00 replied May 31, 2024
I mean 1.0840 was a resistance today then it was broken. After going to a new HH, it came back to test the the break out point(1.0840).
- rehmatkhan00 replied May 31, 2024
I think it was just a break and retest
- rehmatkhan00 replied May 31, 2024
The fight is getting interesting
- rehmatkhan00 replied May 31, 2024
All major currencies at really really critical area and if these level are broken then by next week, we might see another higher high but for now EU bears are trying hard to protect their last defense zone which last boundary lies at 1.0880. Let's ...
- rehmatkhan00 replied May 31, 2024
The triangle resistance area is 1.0880 and if it is broken then you are right, it could shoot up to 1.0960 or 1.0970.
- rehmatkhan00 replied May 31, 2024
Last strong resistance 1.0880 is standing in the way of bulls and I hope it will be smashed soon In Sha Allah
- rehmatkhan00 replied May 30, 2024
Ms. Asia is kinda hot and sexy
- rehmatkhan00 replied May 30, 2024
For me also if price can't break through 1.0845 or 1.0860 then it may go down for a deeper correction and it may even reverse the bull trend but for now I do not see good reasons happening it.
- rehmatkhan00 replied May 30, 2024
Previous support area which is at around 1.0845 has become a temporary minor resistance and after breaking through it, EU will try to break through strong resistance at 1.0880. Tomorrow, we have a lot of inflation data from Europe and USA which ...
- rehmatkhan00 replied May 30, 2024
That’s why I always follow my system no matter what because if you switch systems everyday then you will always end up losing money. My main system is Elliot wave which is quite profitable if you have good knowledge of it. Beside, I also get help ...
- rehmatkhan00 replied May 30, 2024
Yup brother, I have seen a good number of traders who usually have aggressive entry style which can sometime really profitable as you catch a movement at the very beginning. Anyway best of luck
- rehmatkhan00 replied May 30, 2024
I think for selling, waiting for a strong confirmation will be much better because if this wave is a bullish impulse wave then we will be shorting it at the very beginning which will be not considered a good entry point.
- rehmatkhan00 replied May 30, 2024
We have a big hammer on 4hr chart and if this hammer reverses the price to the strong resistance which is at 1.0880, then chances of break to the North are really high and we might see one more HH by tomorrow.
- rehmatkhan00 replied May 30, 2024
We have three resistance areas that need to be protected by Bears, 1.0830, 1.0860 and 1.0880. If bears protect them today then the price can shoot down to 1.0720 if they fail to do so then we may see price shooting up to 1.0960 or 1.0970.
- rehmatkhan00 replied May 30, 2024
You are most welcome and the reason for discussion here is getting help from senior traders which I am already getting. Anyway thanks brother for not banning me.