DislikedOnly 4 pips left guys until we see 1.0214 the 55 pips daily target from todays high, so backle up it may bounce from here around, you want to protect your profits!Ignored
- #154,442
- Aug 15, 2022 3:57am Aug 15, 2022 3:57am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Meanwhile, on H4...
And please remember what I posted on Friday: a breakout from black channel means stronger sell: falling knife!
BUT I still believe we must see where h4 candle closes.. a close below 1.0216 will look like a confirmed breakout. If so, we would stay bearish. However, breakouts can be fake too so I will wait for the next candle (it comes around US open) before doing anything. Especially today, I don't trust these robber-bank m-f*ckers...
*Some "bull"shit should happen latest around 1.0193.. Time will tell..
And please remember what I posted on Friday: a breakout from black channel means stronger sell: falling knife!
BUT I still believe we must see where h4 candle closes.. a close below 1.0216 will look like a confirmed breakout. If so, we would stay bearish. However, breakouts can be fake too so I will wait for the next candle (it comes around US open) before doing anything. Especially today, I don't trust these robber-bank m-f*ckers...
*Some "bull"shit should happen latest around 1.0193.. Time will tell..
Focus only on what truly matters!
- #154,443
- Aug 15, 2022 3:58am Aug 15, 2022 3:58am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
1.02100 is still on the cards. Patience my fellow sellers.
. Congrats to those who held through the storm. Indeed patience is key.
Risk comes from not knowing what to do
- #154,444
- Aug 15, 2022 3:59am Aug 15, 2022 3:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
{image}
Bears should be afraid of this level, although USDX is strong now.
Looking for profitable short term trades ...|
- #154,445
- Aug 15, 2022 4:00am Aug 15, 2022 4:00am
- Joined Jun 2018 | Status: Trader | 3,083 Posts
{image}
- #154,446
- Aug 15, 2022 4:00am Aug 15, 2022 4:00am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
{quote} How do you come up with these Daily range numbers?
Looking for profitable short term trades ...|
- #154,448
- Aug 15, 2022 4:04am Aug 15, 2022 4:04am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #154,449
- Aug 15, 2022 4:04am Aug 15, 2022 4:04am
- Joined Dec 2019 | Status: Going with the flow | 2,032 Posts
{quote} May have run out of steam here at the weekly high July 25th. Trending down. Time to test the sell
Emotional Control. Process, not outcome.
- #154,450
- Aug 15, 2022 4:07am Aug 15, 2022 4:07am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
I have bought at 1.02040 targeting 1.02750
Looking for profitable short term trades ...|
- #154,452
- Aug 15, 2022 4:20am Aug 15, 2022 4:20am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
{quote} Whyyy I think it just go downH4 close under red line {image}
Risk comes from not knowing what to do
- #154,453
- Edited 5:08am Aug 15, 2022 4:21am | Edited 5:08am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
H4 Channel Update
- As you can see from all the past candles dropping below the balance line, each time buyers came in they caused a bounce to the upside. Now I expect the same.
- BUT 1.0157 area is currently a key decision area! This strategy functions only as long as balance line has the strength to pull price back up. Think of a magnet. If price drops below lower dashed-line: 1.0157 this magnetic bond will be lost and price will drop faster. Therefore, we also must be sure that candles stay above 1.0157 (i.e. above the lower dashed line). As long as that is the case, I will look for buying opportunities the closer price gets to 1.0157...
Best wishes 
Focus only on what truly matters!
- #154,459
- Aug 15, 2022 5:24am Aug 15, 2022 5:24am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
1.0212 is the nearest resistance I can think, but 1.0231 (where price broke) is stronger level. Also 1.0219 +/- where the Daily broken trendline low is sitting now looks like, a good opportunity, but I'll wait to see a Daily close like, Ata and other traders do.
Now I think it is going to create a new resistance level at 1.0207 (because it broke 1.0203) but first we have to see a new low for today, before we mark up on the chart a new decision point.
The volatility is growing meaning that this break is real and not fake one like, the last up above 1.0271 after the US CPI numbers.
That for now
Now I think it is going to create a new resistance level at 1.0207 (because it broke 1.0203) but first we have to see a new low for today, before we mark up on the chart a new decision point.
The volatility is growing meaning that this break is real and not fake one like, the last up above 1.0271 after the US CPI numbers.
That for now
Looking for profitable short term trades ...|
