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  • #155,301
  • Edited Aug 26, 2022 12:54am Aug 25, 2022 10:39pm | Edited Aug 26, 2022 12:54am
Just morning views, 3 consecutive dojies daily pointing down breakout but looks not any great today or decision making if not news effects. Range can be parity to 9915 while well below weekly close of interest 0086 and 0038 and not important perhaps today, so daily may try over 9980 winning mode, not so logical or below 9942 bear win mode, most possible.or h4 try close 9940 to try bull next week again. Take care
In smaller tf, in plain view, hs having projection target 79 pips below 9954. Break 9954 2nd time and success likely 3rd attempt after 2nd flight of fear!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,302
  • Aug 26, 2022 12:21am Aug 26, 2022 12:21am
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Another day, another dollar.
  • #155,303
  • Aug 26, 2022 12:31am Aug 26, 2022 12:31am
Good morning. Remember this week EURUSD broke parity for second time took out the low at 0.9953, reached 0.9900, closed above it and since then it is ranging inside this weekly range. Maybe its the time for it to test the edges to see where it is going to break. 0.9950 and 1.0050 are the first prices I have in mind, but first I will wait the volatility to settle before any entry. Volatility today is 70 pips.

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Looking for profitable short term trades ...|
  • #155,304
  • Aug 26, 2022 12:50am Aug 26, 2022 12:50am
Daily chart : keep short position , entering new one as price reach again 1.0027 - 30 or higher 1.0130 or 1.01782 , target 0.97947

I don't know how sure it is, but it's all my strategy so far.
  • #155,305
  • Aug 26, 2022 1:37am Aug 26, 2022 1:37am
Preparing for Powell's Friday

I'm not going to speculate where prices will go . I'll wait for the market reaction before drawing out EURUSD direction next week.

For the meantime, there are several key levels price will need to break if it wants to go up.

  1. The 23.6% Fib retracement at $1
  2. The 50-period arithmetic MA at $1.005
  3. The 200-period SMA at $1.015

The market had been selling dollar for three consecutive days (Tue, Wed and Thu) at London session closing. I marked it as U1, U2 and U3.
The bar is set so high for Powell to steer the market again, especially after that T-word blunder last year.
It's been so toxic that we can no longer say it. Oops.. transitory

Stay safe.
Cheers,
Cat

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  • #155,306
  • Aug 26, 2022 2:00am Aug 26, 2022 2:00am
Quoting cchin
Preparing for Powell's Friday I'm not going to speculate where prices will go . I'll wait for the market reaction before drawing out EURUSD direction next week. For the meantime, there are several key levels price will need to break if it wants to go up. The 23.6% Fib retracement at $1 The 50-period arithmetic MA at $1.005 The 200-period SMA at $1.015 The market had been selling dollar for three consecutive days (Tue, Wed and Thu) at London session closing. I marked it as U1, U2 and U3. The bar is set so high for Powell to steer...
How patient you are !
I am not a indicator follower like you. Just draw a strategy to trade in a few days.

Good luck.
  • #155,307
  • Aug 26, 2022 2:08am Aug 26, 2022 2:08am
Quoting Js3mwtRc
Good morning. Remember this week EURUSD broke parity for second time took out the low at 0.9953, reached 0.9900, closed above it and since then it is ranging inside this weekly range. Maybe its the time for it to test the edges to see where it is going to break. 0.9950 and 1.0050 are the first prices I have in mind, but first I will wait the volatility to settle before any entry. Volatility today is 70 pips. {image}
The spike down from 0.9969 is marking a new point where buls should beat if, they at least want to make it to 0.9979 and then turn the tide to the upper range. Bears have easier job to do, but they must beat 0.9945 first, then they will open the way for lower prices around 0.9911.
Looking for profitable short term trades ...|
  • #155,308
  • Aug 26, 2022 2:19am Aug 26, 2022 2:19am
Quoting Js3mwtRc
{quote} The spike down from 0.9969 is marking a new point where buls should beat if, they at least want to make it to 0.9979 and then turn the tide to the upper range. Bears have easier job to do, but they must beat 0.9945 first, then they will open the way for lower prices around 0.9911.
Sideline for now. We are between 0.9920 and 0.9980

Would consider buying dip when Powell speaks and aim for higher. Yesterday high and 1.0150
Patience, Emotion Control and Discipline.
  • #155,309
  • Aug 26, 2022 2:27am Aug 26, 2022 2:27am
Ideally, there should be no slide below USD 0.9952, otherwise a run to USD 0.9900 is more likely. Above USD 1.0033, however, daily targets are at yesterday's daily high of USD 1.0033 and USD 1.0072. In addition to the event of the central bank meeting in Jackson Hole, economic data from the USA could cause movement in trading today.
carpe noctem
  • #155,311
  • Aug 26, 2022 2:41am Aug 26, 2022 2:41am
Quoting johncen
{quote} Sideline for now. We are between 0.9920 and 0.9980 Would consider buying dip when Powell speaks and aim for higher. Yesterday high and 1.0150
If, 0.99 hold today then it is very posible to see the price near 1.0100 and why not and 50 pips above later
Looking for profitable short term trades ...|
  • #155,312
  • Aug 26, 2022 2:48am Aug 26, 2022 2:48am
Quoting Js3mwtRc
{quote} If, 0.99 hold today then it is very posible to see the price near 1.0100 and why not and 50 pips above later
That would be nice. Then sell from 0150 for new lows
Patience, Emotion Control and Discipline.
  • #155,313
  • Aug 26, 2022 2:51am Aug 26, 2022 2:51am
Quoting Js3mwtRc
{quote} If, 0.99 hold today then it is very posible to see the price near 1.0100 and why not and 50 pips above later
Anything can happen, one seemingly last leg up running for over 9980 to parity ok before tanking! Perfect pa running so far!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,314
  • Aug 26, 2022 2:57am Aug 26, 2022 2:57am
Quoting fontu
{quote} Anything can happen, one seemingly last leg up running for over 9980 to parity ok before tanking! Perfect pa running so far! {image}
Its viable looking at price action - 1.0017 is my exact target for an upleg, but before Powell, cause he is a known hawk today.
Looking for profitable short term trades ...|
  • #155,315
  • Aug 26, 2022 3:08am Aug 26, 2022 3:08am
Quoting Js3mwtRc
{quote} Its viable looking at price action - 1.0017 is my exact target for an upleg, but before Powell, cause he is a known hawk today.
Likely and all those red news born to destabilize the market intentionally!! Nothing to change with any news or talks if offline but raise raise volume to deliberately fear all instantly.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,316
  • Edited 3:36am Aug 26, 2022 3:20am | Edited 3:36am
Quoting fontu
{quote} Likely and all those red news born to destabilize the market intentionally!! Nothing to change with any news or talks if offline but raise raise volume to deliberately fear all instantly.
News are hard to trade, but swing trading is a good way to beat them.

Quoting Js3mwtRc
{quote} The spike down from 0.9969 is marking a new point where buls should beat if, they at least want to make it to 0.9979 and then turn the tide to the upper range. Bears have easier job to do, but they must beat 0.9945 first, then they will open the way for lower prices around 0.9911.
Bulls made it to 0.9980, but they have second thoughts to move further. If, 0.9965 hold the price above it then the chances they get what they want are growing. A break of the last and a drop to 0.9947 would be posible.
Looking for profitable short term trades ...|
  • #155,317
  • Aug 26, 2022 3:37am Aug 26, 2022 3:37am
Quoting Js3mwtRc
{quote} News are hard to trade, but swing trading is a good way to beat them. {quote} Bulls made it to 0.9980, but they have second thoughts to move further. If, 0.9965 hold the price above it then the chances they get what they want are growing. A break of the last and a drop to 0.9947 would be posible.
I have took a sell here to aim for 0.9920-30.

i want to buy lower for 0150
Patience, Emotion Control and Discipline.
  • #155,318
  • Aug 26, 2022 3:47am Aug 26, 2022 3:47am
Quoting johncen
{quote} I have took a sell here to aim for 0.9920-30. i want to buy lower for 0150
They moved the price higher, maybe if it breaks 0.9972 you get what you want.
Looking for profitable short term trades ...|
  • #155,319
  • Aug 26, 2022 3:53am Aug 26, 2022 3:53am
Quoting Js3mwtRc
{quote} They moved the price higher, maybe if it breaks 0.9972 you get what you want.
Yes need it to closed below 0.9972 but it seems pa want higher now.
Watching hourly close to decide what to do with my short. Should have stay sidelined.

parity will be key for now
Patience, Emotion Control and Discipline.
  • #155,320
  • Edited 4:37am Aug 26, 2022 4:12am | Edited 4:37am
Nice bounce around levels of concern. watching for 9992/1/88 and 84 confirmation for top failure next.
Top2early signals done , next 2 confirmation waiting. For next limit 9979 as better top failure signal where 9970 better confirmation stamping the failure top!
Now good signal 9998 and confirmation9991
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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