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  • #1,214,261
  • May 1, 2022 3:51pm May 1, 2022 3:51pm
EURUSD price action on the daily time frame is bearish and operating at the upper part of the 1.06400/1.03350 multi-year horizontal support zone seen on the monthly time frame. Presently, it is in a sideway-mode with about 200 pips to the lower boundary of the zone. We may see a northward market engineering and bullish correction before a southward continuation as there is still room for further bearish drive towards the 1.03350 lower boundary.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,214,262
  • May 1, 2022 4:36pm May 1, 2022 4:36pm
I reviewed the options over the weekend. and I will stick to the hedging strategy.
in one-way pairs.
I'm waiting for an acceptable DD.
  • #1,214,263
  • May 1, 2022 4:53pm May 1, 2022 4:53pm
Heya guys! Hope you all had a great weekend

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So far, the clouds on both DXY and EU suggest a strong bearish continuation after this current retracement. I have my eye around the 1.063xx - 1.065xx zone for a possible top, but only if it doesn't continue downwards this early on in the week. I think the likely play for me is to position sells with FOMC in mind for this week Just my perspective on the week with Ichimoku on the 4hr charts. Have a great week everyone! Let's get this money
Trying my best.
  • #1,214,264
  • May 1, 2022 5:06pm May 1, 2022 5:06pm
Quoting Robinhood1
{quote} Faced with indecision I have chosen to close shorts and turn around long. There will be one more turn being a reversal to the downside. Recovered 5% of losses in 2 days. {image}
going towards 3rd wave. lets see

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POSTMASTER
  • #1,214,265
  • Edited 6:46pm May 1, 2022 6:30pm | Edited 6:46pm
EU in a bearish trend, above 1.0580 bulls will change direction.
ECB keep manipulating with a possible interest rate change, any gossip will move EU higher.
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V for
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  • #1,214,266
  • May 1, 2022 8:23pm May 1, 2022 8:23pm
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  • #1,214,267
  • May 1, 2022 10:01pm May 1, 2022 10:01pm
Quoting PatienceFx
{image}
booked +2 , not a good trade
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  • #1,214,268
  • May 1, 2022 10:14pm May 1, 2022 10:14pm
Using the andrews pitchfork tool, it may look like a mere bullish correction on an hourly chart, but on the daily chart, we may be reaching an important demand zone along with price touching the andrews pitchfork outer median line. In my opinion, it may consolidate for a while and overall europe's economy seems to be at its worse so im expecting it will continue its overall bearish trend. If price were to g
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o below the andrew's pitchfork median line on the daily chart we may see it spike back up for a strong bullish momentum; which is the usual reaction of price when it breaks out. Of course, the dollar has to melt for a scenerio like this to play out.
  • #1,214,269
  • May 1, 2022 10:54pm May 1, 2022 10:54pm
Quoting PatienceFx
{quote} booked +2 , not a good trade {image}
my Two Percent MANUAL EA is tracking 8 different time frames using volatility, trend and momentum indicators to catch the stronger trades lol
  • #1,214,270
  • May 1, 2022 11:45pm May 1, 2022 11:45pm
Bears are just too strong. I think we are witnessing the collapse of the Euro. The dollar will likely continue to go higher and higher.
Learn from your mistakes and march on.
  • #1,214,271
  • May 2, 2022 12:15am May 2, 2022 12:15am
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sitting on support if it breaks it we see
people leave, but this thread will go on for ever
  • #1,214,272
  • May 2, 2022 12:22am May 2, 2022 12:22am
These days the power of $ where does come from?
War? Economic index? Stock market demand?
I think the new one …..pool of crypto currency’s is going to be big and bigger even giant and can make new big waves of demand and release for $
BTC and Eth has had free fall the seller got $
and we saw bull vs many things
now Btc is in a important support level and makes some sign of bull like bullish Div by Rsi on H4
  • #1,214,273
  • May 2, 2022 12:32am May 2, 2022 12:32am
Quoting Nordling
{quote} I just watched the whole video, and after his explanation there are still "gray" areas left about how to draw s/d zones. I also watched couple of other youtubers before. I think there's no "one size fits for all" concept when it comes to TA. I don't think we can put hard rules to that. No matter if it's s/d zones, trendlines or s/r lines. I think it's about your risk management and your risk appetite. One can use m5 supply zones and already have opened EU short positions, or one can wait for the price to hit 1hr, 4hr or even daily supply...
Hi. Would you say there is an overall trend on a 1 minute TF?
POSTMASTER
  • #1,214,274
  • May 2, 2022 12:38am May 2, 2022 12:38am
gold has finally bottomed
POSTMASTER
  • #1,214,275
  • May 2, 2022 1:15am May 2, 2022 1:15am
I predict sideways, but most bearish price action untill Wednesday where FED will raise 0.50% its interest rate to cut inflation pressures. Then a bearish move towards 0339 should happen, but any spike up and a close above the 10 Daily ma should mean a squeeze of positioning and then a test to around 0750 first.

Now for shorter term the price is sitting below 1. 0593 2. 0655 resistance levels and above 1. 0505 2. 0491 supports searching for a break which should lead to the second level of support, or resistance.

Have a great week and month ahead!
Looking for profitable short term trades ...|
  • #1,214,276
  • May 2, 2022 1:41am May 2, 2022 1:41am
Quoting Robinhood1
{quote} Hi. Would you say there is an overall trend on a 1 minute TF?
No, i don't go lower than 4hr tf
You have to have an IQ higher than 90 to interact with this user.
  • #1,214,277
  • May 2, 2022 1:41am May 2, 2022 1:41am
Expecting BTC to resume its pullback where it is now +- and continue going down.

I have my reservations about it though. We´ll see
POSTMASTER
  • #1,214,278
  • May 2, 2022 1:46am May 2, 2022 1:46am
Quoting Nordling
{quote} No, i don't go lower than 4hr tf
I kindly dissagree with the technique not with your strategy. This is an overall downtrend on a dialy TF. You can also find this pattern within it on a 1 minute tf and its reversal to the upside.

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POSTMASTER
  • #1,214,279
  • May 2, 2022 1:55am May 2, 2022 1:55am
Bitcoin will Rise "IF" price move and close more than 40K in Weekly Time Frame. Try to Open Orders After a Strong Close On good Resistance.
  • #1,214,280
  • May 2, 2022 2:01am May 2, 2022 2:01am
coffee could be forming its 1st wave out of 3 on the upside.
POSTMASTER
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