Also for today, I think 1.0141 can be a resistance;
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- #156,482
- Sep 12, 2022 2:04am Sep 12, 2022 2:04am
- | Joined Feb 2020 | Status: Full-Time Trader | 263 Posts
{quote} Hi Traders in new week!, I'm still with my long from Friday, and now i'm carefully wathing zone 1.01011-35, if they can destroy this obstacle, then i add more longs and we should fast see " Ata's 2 cents"at 1.0200
).Have a nice Monday for All!
Everyone makes mistakes, but only few use equity management.
- #156,483
- Sep 12, 2022 2:10am Sep 12, 2022 2:10am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} Ok, so i have finally my move, now added longs at 1.0136, Global Sl at 1.0125, and i'm looking for zone 1.0190-1.0200 ( Ata's 2 cents
Focus only on what truly matters!
- #156,484
- Sep 12, 2022 2:10am Sep 12, 2022 2:10am
- Joined Jun 2018 | Status: An ordinary brother | 4,596 Posts
The price will goes up no matter of ECB.
{quote} Great! We continue- 1,0000 ... 1,0100 ... 1,0200
{quote} {quote} Stick to the plan: 1,0100 at first.
Did I hear someone to say 1,0300?
It is a little early to say.
- #156,487
- Edited 2:39am Sep 12, 2022 2:22am | Edited 2:39am
- Joined Oct 2021 | Status: Trader | 482 Posts
Good morning everyone! I hope ya'll had a great weekend 
At present, we've just had a very nice bullish correction to the 1.015xx - 1.019xx zone on EU, which hits a strong historical support/resistance level.
On Stochastic RSI on the D1 chart, DXY is looking oversold and EURUSD is reaching overbought levels. This is further confirmed by the kumo (green/red "cloud" shapes) on both charts, which act as resistance/support zones. As the clouds do not indicate much higher price movement on EURUSD, I believe that until FOMC comes to confirm further aggressive U.S. rate hikes, we can maybe expect ranging price action above the 1.01xxx level. Perhaps if bullish energy is strong enough this week then 1.02xxx is still a possibility, although my system does not allow for this kind of guess. I closed my long positions from 1.009xx at a decent profit, and currently have a small short at 1.017xx.
I will continue to add shorts within this price range (1.015xx - 1.019xx) depending on price action, as spikes are bound to happen as bulls run out of steam and bears begin their continuation of the major trend.
All in all, I'm off to a wonderful start of the week and I hope you all are too! Good luck to you all, let's get this money
EDIT: 1.02xx and above seems like a like long shot. But I won't be going long at this level. So far, I see great opportunities for selling at these price levels.
At present, we've just had a very nice bullish correction to the 1.015xx - 1.019xx zone on EU, which hits a strong historical support/resistance level.
On Stochastic RSI on the D1 chart, DXY is looking oversold and EURUSD is reaching overbought levels. This is further confirmed by the kumo (green/red "cloud" shapes) on both charts, which act as resistance/support zones. As the clouds do not indicate much higher price movement on EURUSD, I believe that until FOMC comes to confirm further aggressive U.S. rate hikes, we can maybe expect ranging price action above the 1.01xxx level. Perhaps if bullish energy is strong enough this week then 1.02xxx is still a possibility, although my system does not allow for this kind of guess. I closed my long positions from 1.009xx at a decent profit, and currently have a small short at 1.017xx.
I will continue to add shorts within this price range (1.015xx - 1.019xx) depending on price action, as spikes are bound to happen as bulls run out of steam and bears begin their continuation of the major trend.
All in all, I'm off to a wonderful start of the week and I hope you all are too! Good luck to you all, let's get this money
EDIT: 1.02xx and above seems like a like long shot. But I won't be going long at this level. So far, I see great opportunities for selling at these price levels.
Trying my best.
- #156,488
- Sep 12, 2022 2:22am Sep 12, 2022 2:22am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #156,489
- Sep 12, 2022 2:27am Sep 12, 2022 2:27am
- | Joined Feb 2020 | Status: Full-Time Trader | 263 Posts
{quote} Ok, so i have finally my move, now added longs at 1.0136, Global Sl at 1.0125, and i'm looking for zone 1.0190-1.0200 ( Ata's 2 cents
I like new week's begging like today
Now i'll look for new oporttunit when dust little fall down after morning mesh.
Everyone makes mistakes, but only few use equity management.
- #156,494
- Sep 12, 2022 2:46am Sep 12, 2022 2:46am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,022 Posts
Patience, Emotion Control and Discipline.
- #156,496
- Sep 12, 2022 2:55am Sep 12, 2022 2:55am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} hi Ata, if that pattern works, what is max drop could be reached?
I hope it answers
Focus only on what truly matters!
- #156,498
- Sep 12, 2022 3:03am Sep 12, 2022 3:03am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #156,499
- Sep 12, 2022 3:07am Sep 12, 2022 3:07am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #156,500
- Sep 12, 2022 3:20am Sep 12, 2022 3:20am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Just my rough targets regarding to Bullish 3-Drive... One or more of these targets should get hit soon... {image}
The bounce up today looks artificial, so the target could reached (now the weekly trendline) and who knows what banks are doing behind their screens!
The simple retail tarder hasn't got the money to push the price even one pip up, or down. Its clear manipulation by the big banks.
Looking for profitable short term trades ...|