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  • #155,461
  • Edited 6:23am Aug 29, 2022 5:44am | Edited 6:23am
Good bounce /pullback and watching for top failure, initial signal 9981
Done, next signals 9963 and 50, confirmation 9913.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220829-144057.png Size: 62 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,462
  • Aug 29, 2022 6:00am Aug 29, 2022 6:00am
Quoting johncen
{quote} I have something similiar in my chart. 9974 needs to hold for further bear move.
Completed the daily pips range for me - 67 +13 pips and looks like it wants to close above weekly pivot at 0.9985 at my screen, if, it does it may try to beat 1.0020. 0.9974 is a good point to sell if, it closes back behind!
Looking for profitable short term trades ...|
  • #155,463
  • Aug 29, 2022 6:14am Aug 29, 2022 6:14am
Quoting Js3mwtRc
{quote} Completed the daily pips range for me - 67 +13 pips and looks like it wants to close above weekly pivot at 0.9985 at my screen, if, it does it may try to beat 1.0020. 0.9974 is a good point to sell if, it closes back behind!
sounds like a plan here!
Patience, Emotion Control and Discipline.
  • #155,464
  • Aug 29, 2022 6:27am Aug 29, 2022 6:27am
Quoting johncen
{quote} sounds like a plan here!
It can be profitable, 0.9952 worries me, but if, it give up then the road is open
Looking for profitable short term trades ...|
  • #155,465
  • Edited 7:01am Aug 29, 2022 6:44am | Edited 7:01am
Quoting Austyno
I have sold at 0.99400. Target is 0.9700 let's see if we can get there today or tomorrow
I am out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
Risk comes from not knowing what to do
  • #155,466
  • Aug 29, 2022 6:56am Aug 29, 2022 6:56am
Quoting Austyno
{quote} I out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
That's right, I agree
Half of the time, the market is building resistance and support levels, and
  • #155,467
  • Aug 29, 2022 6:57am Aug 29, 2022 6:57am
Quoting Js3mwtRc
{quote} It can be profitable, 0.9952 worries me, but if, it give up then the road is open
Failed. Now 0.9970 is the decision point. 1.0000 also is where many options expire today!
Looking for profitable short term trades ...|
  • #155,468
  • Aug 29, 2022 7:14am Aug 29, 2022 7:14am
Quoting RCtrader
Go my wonderful bears! And bring me the pips!
I guess the PA or MM had something else in mind.
Risk Management is of utmost importance!
  • #155,469
  • Aug 29, 2022 7:22am Aug 29, 2022 7:22am
Meanwhile, on H4...

Sellers kept coming in as soon as price was 10 to 15 pips above my balance line, and it provided a profitable area for shorting, BUT the recent bullish attack from Friday created larger drawdowns for those sellers... therefore we must stay alert!

Today we are retesting this zone near the channel balance line: 1.0014 ----> adding 10 to 15 pips would give us: 1.0024/29 area as critical resistance!

Assuming that my balance line can't resist anymore, bulls still have to break 1.0056 for more upside! BUT even after that, we would still have to watch resistant powers at the channel upper edge: 1.0110... All this tells me that bulls have to work hard to achieve a reversal.

On the bearish side, my logic is simpler: 0.9916 area is currently main support for the next 5 hours or so! A breakout below this level is a must for bearish continuation.

To summarize, these are the bottlenecks waiting for bulls: 1.0014 --- 1.0024/29 --- 1.0056 --- 1.0110
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 16 KB
Focus only on what truly matters!
  • #155,470
  • Aug 29, 2022 7:28am Aug 29, 2022 7:28am
Quoting Js3mwtRc
{quote} Failed. Now 0.9970 is the decision point. 1.0000 also is where many options expire today!
Bears get beaten today 0.9984 is the decision point now.
Looking for profitable short term trades ...|
  • #155,471
  • Aug 29, 2022 7:28am Aug 29, 2022 7:28am
sell limit order placed at 1.002, stop loss above 1.01, targets are 0.992, 0.985
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #155,472
  • Aug 29, 2022 7:28am Aug 29, 2022 7:28am
1.00650 will be my output today. I will wait to see if there is any signal for further buy entry.
"No pain no gain"
  • #155,473
  • Aug 29, 2022 7:34am Aug 29, 2022 7:34am
  • #155,474
  • Aug 29, 2022 7:55am Aug 29, 2022 7:55am
If I had to pick one level that matters for today, it would be: 1.0031....
Focus only on what truly matters!
  • #155,475
  • Aug 29, 2022 8:02am Aug 29, 2022 8:02am
Dear Ata.. When do we say that there is a Double Bottom model on a four-hour frame?
  • #155,476
  • Aug 29, 2022 8:15am Aug 29, 2022 8:15am
Quoting Ata-Turkoglu
If I had to pick one level that matters for today, it would be: 1.0031....
spot on call!
  • #155,477
  • Aug 29, 2022 8:18am Aug 29, 2022 8:18am
Quoting Austyno
{quote} I am out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
Am out... Loss recovered, switched to selling again(same parameters as before. Target is 0.9700). Price is playing with me today
Risk comes from not knowing what to do
  • #155,478
  • Aug 29, 2022 8:56am Aug 29, 2022 8:56am
Quoting Traderview
{quote} Nothing to hide here. 1.0040 - 1.0060 is Resisatnce.
  • #155,479
  • Aug 29, 2022 9:05am Aug 29, 2022 9:05am
Quoting Hamzalolo
Dear Ata.. When do we say that there is a Double Bottom model on a four-hour frame?
H4 candles have not taken out the recent high at 1.0367 area yet... Once that happens you can have your double, triple or whatever bottom people may call it...

I hope it answers
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 20 KB
Focus only on what truly matters!
  • #155,480
  • Aug 29, 2022 9:25am Aug 29, 2022 9:25am
Quoting Ata-Turkoglu
{quote} H4 candles have not taken out the recent high at 1.0367 area yet... Once that happens you can have your double, triple or whatever bottom people may call it... I hope it answers {image}
I see this as a pseudo-flag that will break down. It appears to me that price is heading to 0.9800 area.
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