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  • #153,721
  • Aug 5, 2022 12:30pm Aug 5, 2022 12:30pm
Quoting ScalaFX
{quote} He cant answear you now
The boy has a bullet in the needle, I believe everything is fine.
"No pain no gain"
  • #153,722
  • Aug 5, 2022 12:30pm Aug 5, 2022 12:30pm
Quoting ScalaFX
{quote} He cant answear you now
Some charger, some charger, guys! WHO HAS A CHARGER!?
Face 'ur fears & tame 'ur greed
  • #153,723
  • Aug 5, 2022 12:35pm Aug 5, 2022 12:35pm
Quoting fontu
At and any above short adding. {image}
What range do you consider for sell? Maximum?
Half of the time, the market is building resistance and support levels, and
  • #153,724
  • Aug 5, 2022 12:38pm Aug 5, 2022 12:38pm
Quoting Erkat
{quote} What range do you consider for sell? Maximum?
He is offline now, no power
People don't plan to lose. They lose because they don't plan.
  • #153,725
  • Aug 5, 2022 12:41pm Aug 5, 2022 12:41pm
So what's the plan from here? This seems like it will take out the bottom. Next week we'll get a clearer picture.
  • #153,726
  • Aug 5, 2022 12:44pm Aug 5, 2022 12:44pm
If it goes down, I'm targeting 1.01650 to re-enter long
"No pain no gain"
  • #153,727
  • Aug 5, 2022 12:44pm Aug 5, 2022 12:44pm
Quoting Mitiblotch
So what's the plan from here? This seems like it will take out the bottom. Next week we'll get a clearer picture.
Every rise is still an opportunity to sell
Half of the time, the market is building resistance and support levels, and
  • #153,728
  • Aug 5, 2022 12:46pm Aug 5, 2022 12:46pm
Asia market on Monday might have a surprise for the dollar me thinks....
  • #153,729
  • Aug 5, 2022 12:48pm Aug 5, 2022 12:48pm
Quoting GreenJ
Asia market on Monday might have a surprise for the dollar me thinks....
I see Monday as the day of dollar rule
Half of the time, the market is building resistance and support levels, and
  • #153,730
  • Aug 5, 2022 12:49pm Aug 5, 2022 12:49pm
Quoting Erkat
{quote} Every rise is still an opportunity to sell
True. It will go lower. Let's see where we close today.
  • #153,731
  • Aug 5, 2022 1:10pm Aug 5, 2022 1:10pm
Quoting Ata-Turkoglu
{quote} Minimum fib 38.2%: 1.0204... 2nd target could be fib 61.8%: 1.0173 area.. BUT after that it could keep dropping as we often see in many harmonic patterns.. However, I prefer to leave that option out for today! Maybe 1.0144 tops with an educated guess... I hope it answers
Your educated guess just missed by 2 pips, nice one!
Another day, another dollar.
  • #153,732
  • Edited 1:53pm Aug 5, 2022 1:12pm | Edited 1:53pm
Quoting JBRolim
{quote} The battery will run out!
Quoting Erkat
{quote} What range do you consider for sell? Maximum?
True battery low and close as most day out of home , so not able add my levels of concerns!

At and above 0185 as in chart , previous high to signal 0169 for confirmation 0150 to target 0141 and below towards 0122, today or next week. If 0150 today close enough to close though!week not likely play full waVe down and be kept some uncertainty for next week.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,733
  • Aug 5, 2022 1:30pm Aug 5, 2022 1:30pm
Meanwhile, on H4...

So, it turns out that today was just a Cypher day... but the main mystery continues!

The inverted H&S, i.e. my scenario A is still valid... but Cypher traders pushed this lower and therefore scenario B is also still valid...

Long story short: Next week, we hopefully will continue to trade this narrowing triangle until a major breakout occurs.

Rest well my brothers and sisters... Wishing you all a happy weekend......

Peace.. out... Mic. drop
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 17 KB
Focus only on what truly matters!
  • #153,734
  • Aug 5, 2022 2:47pm Aug 5, 2022 2:47pm
Quoting Erkat
{quote} I see Monday as the day of dollar rule
Markets have to rebalance.
  • #153,735
  • Aug 5, 2022 3:01pm Aug 5, 2022 3:01pm
Quoting Erkat
{quote} I see Monday as the day of dollar rule
Hope so as per pa, crazy up may even continue!!
Attached Image (click to enlarge)
Click to Enlarge Name: download (17).png Size: 19 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,736
  • Aug 5, 2022 3:10pm Aug 5, 2022 3:10pm
Quoting fontu
{quote} Hope so as per pa, crazy up may even continue!! {image}
Thanks a lot my friend,,Do you believe in continuing the process until level 108?
Half of the time, the market is building resistance and support levels, and
  • #153,737
  • Aug 5, 2022 3:20pm Aug 5, 2022 3:20pm
Quoting Erkat
{quote} Thanks a lot my friend,,Do you believe in continuing the process until level 108?
Wednesday CPI numbers will give an outcome, chances are not unreal.
Until then not sure
  • #153,738
  • Edited 3:50pm Aug 5, 2022 3:32pm | Edited 3:50pm
Quoting Erkat
{quote} Thanks a lot my friend,,Do you believe in continuing the process until level 108?
Just above 107.26 as target may easily possible 108. And crazy start then much more up, impossible apparently as shooting star monthly and new high even possible though logically top failed for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: download (18).png Size: 16 KB
Click to Enlarge Name: download (19).png Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,739
  • Aug 5, 2022 3:34pm Aug 5, 2022 3:34pm
Quoting John4y
{quote} Wednesday CPI numbers will give an outcome, chances are not unreal. Until then not sure
This index and the extraordinary number that was announced today clearly show that the CPI is strong and more than expected.(I hope )
Attached Image (click to enlarge)
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Half of the time, the market is building resistance and support levels, and
  • #153,740
  • Aug 5, 2022 4:17pm Aug 5, 2022 4:17pm
I hope everyone had a pipful week.

We had the bearish weekly close as predicted. That indicates that the bear trend hasn't ended. The bearish doji on weekly indicates possible change of direction to the downside.

That been said the most crucial resistance for next week is 1.02700. Once price gets there, i will start selling the highs.

For monday: We didnt have a bearish engulfing candle on daily, so that just means we have created support at 1.01530.

1.01530 is a must hold support for bulls on monday. Target is 1.02700.

I think the mega drop we expected this week will happen next week. Bears just need to exercise a little bit of patience.
Risk comes from not knowing what to do
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