Disliked{quote} Looks like it went another channel up. 1.16760 would have been the ideal sell area. {image}Ignored
Another short waiting at 1.16950. My 1.15600 area target still stands for the time being.
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Disliked{quote} Looks like it went another channel up. 1.16760 would have been the ideal sell area. {image}Ignored
Disliked{quote} I have the exact same issue. I really got burnt today. Hence why I'm on this forum looking for answers. All my fundamental analysis showed that: 1. The ECB were dovish and were not going to even speculate on interest rate rise 2. The economic data that came out for the US was all bearish. Mind you European data was not bad 3. I even googled US GDP Q3 and it said it was predicted to be below expectations but that economists were not worried since this is mainly due to only supply chain issues and next GDP should resume upwards 4. We keep...Ignored
Disliked{quote} It was not 100% dovish because the ECB outlined conditions for rate hikes, in particular if inflation gets anchored above 2%. So they were talking about it and in this respect Lagarde said "it is not for me to tell whether markets are ahead of themselves" when referring to priced rate hikes which the ECB does not have in their guidance so far. Hence one could take it as: if the market is right about inflation it might be right about the ECB hiking earlier. But in the end this sentence of her just caused an aweful lot of confusion and interpretation...Ignored
Disliked{quote} Thanks. The market is very fickle. I could see on the charts that the bull run started when German inflation data surpassed expectations at around 13:00 GMT. At the same time German bond yields shot up wildly. So there is some lesson for me to learn :-) I guessed exactly; it would be madness to see rate hikes now especially when the global economy is not running on all cylinders. For example, people are calling the BoE hawkish stance a policy mistake (we shall see). I saw the US trade balance worsen on Wednesday but it didn't seem to have...Ignored
DislikedMy view for today till next week. Looking at 3 possible scenarios: 1st: Goes up to significant 1.17500 and doesn't break thus pushing the price back down 2nd: Goes up to significant 1.17500 then consolidates before going down 3rd: Breaks 1.17500 and closes above that price for continuation up to 1.18000 (major resistance) Overall still bearish to me. {image}Ignored
Disliked{quote} You might wanna close some if not all, there is a high probability we will see 1.16060 today. This week needs to close bearish if the down trend is to continue. We are not suppose to have 3 bullish weeks if the downtrend is still in play else, I will take it as bulls have taken over.Ignored
Disliked1.1567 is the 200ma on weekly. It's been providing support for the whole month. This is the last week of the month. Will it break or not? Lets see. Even If the support 1.1567 is true or not, and ECB do something stupid, i don't think we'll see move above 1.17. The Black Trend line is very strong. The above move 1.1650 is weekly 38% fib, the Black TL, as well as the GREEN ZONE 1.1680 - 1.1710 will all provide strong RESISTANCE, and will only wants to trade below 1.1650. Breaking above 1.1630 - 1.1650 is a determining zone to trade above 1.15 or below,...Ignored
DislikedHi Traders.. Just opened new buy order here at 1.1663... Stops at least 15 pips..Ignored