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EURUSD only

  • #153,601
  • Aug 4, 2022 9:52am Aug 4, 2022 9:52am
Attached Image (click to enlarge)
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"No pain no gain"
  • #153,602
  • Aug 4, 2022 10:26am Aug 4, 2022 10:26am
Meanwhile, on H1...

Next, we could have a lovely bearish CYPHER on this timeframe...

Watch carefully, and prepare for selling the closer price gets to 1.0257...
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #153,603
  • Aug 4, 2022 10:31am Aug 4, 2022 10:31am
Booked my buys with +70 pips, will continue tomorrow
Risk comes from not knowing what to do
  • #153,604
  • Aug 4, 2022 10:39am Aug 4, 2022 10:39am
At this point, I wouldn't be going short unless we break the recent double bottom low ~ 1.0124
  • #153,605
  • Aug 4, 2022 10:42am Aug 4, 2022 10:42am
Quoting Ata-Turkoglu
Meanwhile, on H1... Next, we could have a lovely bearish CYPHER on this timeframe... Watch carefully, and prepare for selling the closer price gets to 1.0257... {image}
Hey Ata, from this sale do you see the next bottom at 1.00600 for tomorrow or next Monday? I'm aiming there.
"No pain no gain"
  • #153,606
  • Aug 4, 2022 10:57am Aug 4, 2022 10:57am
Quoting JBRolim
{quote} Hey Ata, from this sale do you see the next bottom at 1.00600 for tomorrow or next Monday? I'm aiming there.
Check my chart below.. I prepared it exclusively for your question.

Now.. if bulls can break through the neckline of Inverted H&S, we could see stronger rallies all the way up to 1.0458.. That would be my scenario A... I am not joking!

BUT... because right now, we don't know if bulls can break 1.0293 area or not there is also the bearish scenario B... I just shared a Cypher pattern on H1... so, bears could prevent bulls from getting to 1.0293 area with that pattern's help.

Long story short: I can't say yes or no... we must watch and see step by step...

I hope it answers.. Best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 17 KB
Focus only on what truly matters!
  • #153,607
  • Aug 4, 2022 11:19am Aug 4, 2022 11:19am
Quoting Ata-Turkoglu
{quote} Check my chart below.. I prepared it exclusively for your question. Now.. if bulls can break through the neckline of Inverted H&S, we could see stronger rallies all the way up to 1.0458.. That would be my scenario A... I am not joking! BUT... because right now, we don't know if bulls can break 1.0293 area or not there is also the bearish scenario B... I just shared a Cypher pattern on H1... so, bears could prevent bulls from getting to 1.0293 area with that pattern's help. Long story short: I can't say yes or no... we must watch and...
Nice, very interesting analysis.
This is the image I was referring to.
Attached Image (click to enlarge)
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But like you said, let's go day by day.
Appreciated for your attention.
"No pain no gain"
  • #153,608
  • Aug 4, 2022 11:59am Aug 4, 2022 11:59am
Keeping it simple, watching for a sell.. few hours out of date but will be watching now.
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I play the trade gamble to feed my Porsche addiction.
  • #153,609
  • Aug 4, 2022 12:16pm Aug 4, 2022 12:16pm
Hi Guys,
I have long abstained from posting EurUsd. Eu has probably been the most range bound pair in recent months and I commend Ata for holding the fort
Just my little view Folks.
I am in buy trades with a bullish bias from a daily time frame.
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #153,610
  • Aug 4, 2022 12:39pm Aug 4, 2022 12:39pm
Simple chart with no trics
Reversal building at DR2
But as Ata says, let's see and watch
Attached Image (click to enlarge)
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  • #153,611
  • Aug 4, 2022 1:01pm Aug 4, 2022 1:01pm
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  • #153,612
  • Aug 4, 2022 1:06pm Aug 4, 2022 1:06pm
Quoting Ata-Turkoglu
{quote} Check my chart below.. I prepared it exclusively for your question. Now.. if bulls can break through the neckline of Inverted H&S, we could see stronger rallies all the way up to 1.0458.. That would be my scenario A... I am not joking! BUT... because right now, we don't know if bulls can break 1.0293 area or not there is also the bearish scenario B... I just shared a Cypher pattern on H1... so, bears could prevent bulls from getting to 1.0293 area with that pattern's help. Long story short: I can't say yes or no... we must watch and...
Excellent and brilliant⁦⁩, out of these two, I choose B arrow
Half of the time, the market is building resistance and support levels, and
  • #153,613
  • Aug 4, 2022 1:35pm Aug 4, 2022 1:35pm
Weldone bull! But waiting more correct even it may hold for more up. earliest signal 0246, 2nd 0229 and confirmation 0209 while limit 0197.take care
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,614
  • Aug 4, 2022 1:43pm Aug 4, 2022 1:43pm
Quoting Ata-Turkoglu
{quote} Check my chart below.. I prepared it exclusively for your question. Now.. if bulls can break through the neckline of Inverted H&S, we could see stronger rallies all the way up to 1.0458.. That would be my scenario A... I am not joking! BUT... because right now, we don't know if bulls can break 1.0293 area or not there is also the bearish scenario B... I just shared a Cypher pattern on H1... so, bears could prevent bulls from getting to 1.0293 area with that pattern's help. Long story short: I can't say yes or no... we must watch and...
Ata, my friend, you are really a senior most Software developer. You technically presented an excellent graphic scenario for upward and downward direction and if anyone knows ABC then he or she understand completely. I am actually in this business part time since 2007 and I was out from 2017 till February of 2022 and came back from March 1st, 2022, but still I have lack of patience and sometimes I entered in wrong positions without authenticating your graph signal and watching robber banks monopoly and manipulating price action in terms of options expiration date which is not even in my dream at all.

Any way, I pray to Allah (SWT) that your Scenario B situation happens as I had two short positions opened @ 1.0157 an d 1.0154 with longer SLs and will keep the finger crossed
  • #153,615
  • Aug 4, 2022 1:50pm Aug 4, 2022 1:50pm
Quoting asyed4
{quote} Ata, my friend, you are really a senior most Software developer. You technically presented an excellent graphic scenario for upward and downward direction and if anyone knows ABC then he or she understand completely. I am actually in this business part time since 2007 and I was out from 2017 till February of 2022 and came back from March 1st, 2022, but still I have lack of patience and sometimes I entered in wrong positions without authenticating your graph signal and watching robber banks monopoly and manipulating price action in terms...
Thanks brother and I hope your wish comes true... BUT the ultimate goal is as Bruce Lee always said: to become water my friend! Then you can quickly adapt to any scenario and it doesn't matter A or B..

I wish you more and more wisdom in your journey brother.. Stay blessed!
Focus only on what truly matters!
  • #153,616
  • Aug 4, 2022 2:10pm Aug 4, 2022 2:10pm
Quoting andvk74
{image}

Sorry dear friend
Can you explain?
  • #153,617
  • Aug 4, 2022 2:37pm Aug 4, 2022 2:37pm
Quoting Austyno
This week we are entering will be a serious determining factor to know if the down trend has ended or not. Last week's candle closed as an inside bar indicating possible weakness on the bull side. First scenario: We have a strong bull that hits 1.04000 area then bears can try to sell it off and turn it bearish. Second scenario : We test 1.02400 resistance and drop from there taking out the lows of last month and the bear trend continues (not advisable to buy again if this happens). Third scenario : We take out the highs of Friday and test 1.02700...
So far so good, the third scenario played out well with +/- few pips difference.
Gentle reminder, the close of this week will determine the direction of this month and trend.
We haven't had 3 bullish weekly candle close in a row since this downtrend started. IMO, this wont be an exception as I expect this week to close bearish.
So I will be selling at 1.024xx resistance targeting 1.01616 support today(Non-farm).
Risk comes from not knowing what to do
  • #153,618
  • Aug 4, 2022 2:50pm Aug 4, 2022 2:50pm
Quoting Austyno
{quote} So far so good, the third scenario played out well with +/- few pips difference. Gentle reminder, the close of this week will determine the direction of this month and trend. We haven't had 3 bullish weekly candle close in a row since this downtrend started. IMO, this wont be an exception as I expect this week to close bearish. So I will be selling at 1.024xx resistance targeting 1.01616 support today(Non-farm).
It's my friend, I'm waiting 1.02700
"No pain no gain"
  • #153,619
  • Aug 4, 2022 3:00pm Aug 4, 2022 3:00pm
Quoting Austyno
{quote} So far so good, the third scenario played out well with +/- few pips difference. Gentle reminder, the close of this week will determine the direction of this month and trend. We haven't had 3 bullish weekly candle close in a row since this downtrend started. IMO, this wont be an exception as I expect this week to close bearish. So I will be selling at 1.024xx resistance targeting 1.01616 support today(Non-farm).
⁦⁩
Half of the time, the market is building resistance and support levels, and
  • #153,620
  • Aug 4, 2022 3:51pm Aug 4, 2022 3:51pm
The date of this analysis is related to August 1 and a few hours before the price reached 1.0294 and at the time of its adjustment, the price was 1.0260.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220805_025442.png Size: 26 KB
The green arrow shows the peak price on that day and a few hours after this analysis (1.0294+/-) and The yellow arrow shows today's price (August 4) (+/- 1.0120) and the red arrow shows the current price (1.0250+/-).

  1. That being said, and considering that since this analysis was set up on August 1st, the price action has followed exactly that, I consider it worth following and paying attention until proven otherwise and violated.

Half of the time, the market is building resistance and support levels, and
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