Forex is a waiting game
- #138,843
- Aug 28, 2021 1:11am Aug 28, 2021 1:11am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
H4 Outlook for Monday
- The dips on Friday still couldn't reach 1.1713 area the way I had anticipated a week ago but is well, my final idea that bulls could reach 1.1865 area before end of this month will probably play out.
- With current picture in mind, bulls will probably face some resistance around 1.1812... Beware of that!
- In case of a long stall, bears might force price to drop back to 1.1775 for a retest. Bulls will work to keep price above this level.
- An expected bullish week could easily stretch to 1.1855.
- A surprising bearish week could make price drop back below 1.1775 that easily could continue towards 1.1746 area.
- Overall: bulls have gained significant power with their last-moment attack on Friday. Therefore, once/if 1.1812 breaks, continuing to buy dips seems to be a good idea. But as long as 1.1812 resists, trying to short-scalp that level could also work.
Anyway, for now keep enjoying your weekends folks... We hopefully meet again on Monday, peace... out... 
Focus only on what truly matters!
- #138,844
- Aug 28, 2021 3:43am Aug 28, 2021 3:43am
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
- #138,846
- Aug 28, 2021 11:52am Aug 28, 2021 11:52am
- Joined Mar 2016 | Status: Trader | 6,327 Posts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return:
-1.2%
- #138,848
- Aug 29, 2021 2:53am Aug 29, 2021 2:53am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
My main target is 18900 for the next week(s).I'll save this post for later
Please Mr./Mrs. Fallen, based on your historical statement below explanation if aplicable:
Dont you guys get tired of people saying "11525 in a few days to 2 weeks", without further explanation and when the last time the price was there, was more than a year ago? If u are bold enough to make such claims, just ground it with arguments...
POSTMASTER
- #138,853
- Aug 29, 2021 8:31am Aug 29, 2021 8:31am
{quote} Please Mr./Mrs. Fallen, based on your historical statement below explanation if aplicable: Dont you guys get tired of people saying "11525 in a few days to 2 weeks", without further explanation and when the last time the price was there, was more than a year ago? If u are bold enough to make such claims, just ground it with arguments...
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
- #138,854
- Aug 29, 2021 10:30am Aug 29, 2021 10:30am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} My friend, I have already explained my view and analysis a few days ago, that it was my target due to market gaps that have to be filled. Take some time to read all my posts if u want to see my vision clearly expounded and to avoid flooding the forum with unnecessary and repeated info. I just dont come here and say "11525" and post a random graph pic with no info attached, me and some members would really love to understand ur more radical POV to compare with ours so we can both grow and milk some $$$ from the charts together.
Focus only on what truly matters!
- #138,855
- Aug 29, 2021 10:33am Aug 29, 2021 10:33am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} Please Mr./Mrs. Fallen, based on your historical statement below explanation if aplicable: Dont you guys get tired of people saying "11525 in a few days to 2 weeks", without further explanation and when the last time the price was there, was more than a year ago? If u are bold enough to make such claims, just ground it with arguments...
Focus only on what truly matters!
{quote} My advice is that you always "quote" the post that has the main info whenever making a bold statement based on it.. Thanks in advance
{quote} No my friend, Im shorting but I believe there are some gaps that must be filled @20900 before happening another big drop like this one... It might hit that level u mentioned, but I dont see it coming in such short period UNLESS some extremely bad news come out for Euro and very good for Dollar. But thats just my vision
A vision without action is merely a dream.
- #138,857
- Aug 29, 2021 11:35am Aug 29, 2021 11:35am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
The market is above the TMA channel, here I have my first sell entry, I leave the sell limit for each block that closes above the one that broke the channel.
My exit is when this happens at the bottom of the channel.
"No pain no gain"
- #138,859
- Aug 29, 2021 1:08pm Aug 29, 2021 1:08pm
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
{quote} Don't lose your calm please.. That "roasting and ranting" attitude will lead you nowhere.. Always assume you are speaking to a brother or sister.. Thanks in advance
POSTMASTER
- #138,860
- Edited 10:07pm Aug 29, 2021 2:33pm | Edited 10:07pm
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Quick Outlook for New Week
- An AB=CD pattern is waiting to be complete IF price arrives at 1.1624 area.
- As long as the AB=CD is not violated and also as long as market stays above point X=1.1600, some sort of bullish Gartley pattern could play out. Although I don't like the deepness of point B of this Gartley, but technically the AB=CD part is still supporting this pattern and signaling an uptrend.
- A failure of Gartley, generally ends up as a shift into a Butterfly pattern, but here, since Gartley is still valid, and therefore there is no reason to talk about it this early.
- 1.1802 would be our nearest resistance once market opens without a gap!
- For Monday, and intraday wise, we have to watch what happens at 1.1802 or at 1.1744..
- Summary: bulls have the upper hand BUT as I mentioned earlier on the H4 chart: 1.1802/12 area can resist and also provide scalper-sell opportunities. Time will tell!
I hope it helps
Focus only on what truly matters!