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  • #166,261
  • Jan 24, 2023 11:28pm Jan 24, 2023 11:28pm
The divergence of the RSI on the Daily hints that a decline may begin from 0.0940. Resting against the upper border of the channel.
  • #166,262
  • Edited 11:56pm Jan 24, 2023 11:33pm | Edited 11:56pm
after even a top failure in daily tf , correct to at appropriate level minimum but restart bull too early, likely random , anyway perfect pullback also done and today will again see if revisit all levels untouched yesterday. so no any win and just exaggerated / shortened legs at place . watching for bear , me need only 0864 for yesterday's long taken last . hope not bull start direct today , and even to do needed a correction for wave 2 next too . take care
earliest beare signal will be break and hold both 0894 and 92 , breakout 0889 having confirmation 1 0880 , confm. 2 0867 for target 0844 . sl igh 0ver 0903 , normal 0919.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #166,263
  • Jan 25, 2023 12:17am Jan 25, 2023 12:17am
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  • #166,264
  • Jan 25, 2023 12:25am Jan 25, 2023 12:25am
I just sold @ 1.09090
Sl and tp 50 pips.
Reason being that, I still think we have made the high for the month and week.
Risk comes from not knowing what to do
  • #166,265
  • Jan 25, 2023 12:29am Jan 25, 2023 12:29am
Quoting Austyno
I just sold @ 1.09090 Sl and tp 50 pips. Reason being that, I still think we have made the high for the month and week.
I have also took a short @ the same level.

My resistance level for the day.
Patience, Emotion Control and Discipline.
  • #166,266
  • Jan 25, 2023 12:38am Jan 25, 2023 12:38am
Testing daily support (now resistance) @ 1.0910

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  • #166,267
  • Jan 25, 2023 12:57am Jan 25, 2023 12:57am
Quoting johncen
Morning all, 0835 supported well so far. but will be keen to see how the day closed. Will we see another doji on daily chart?
0835 acted very well We've got a close at 0887 but EU looks strong yet, I belive it can reach some pips higher today and this is the reason -> German ifo Business Climate.
Looking for profitable short term trades ...|
  • #166,268
  • Jan 25, 2023 1:07am Jan 25, 2023 1:07am
Quoting Js3mwtRc
{quote} 0835 acted very well We've got a close at 0887 but EU looks strong yet, I belive it can reach some pips higher today and this is the reason -> German ifo Business Climate.
If bull can take down 0910 and the high. Yea it is likely to make 100pips. I m watching DXY and UJ closely to get signal
Patience, Emotion Control and Discipline.
  • #166,269
  • Jan 25, 2023 1:08am Jan 25, 2023 1:08am
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  • #166,270
  • Jan 25, 2023 1:09am Jan 25, 2023 1:09am
Yesterday we had less volatility than usuall like the last days and thats because the traders afraid to buy at high prices and keep because EU may have reached near its bullish target so we may see a discount around here. Today I expect it to move 69 pips.

30 min chart - bullish with caution

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Looking for profitable short term trades ...|
  • #166,271
  • Jan 25, 2023 1:12am Jan 25, 2023 1:12am
Guys, be wise. Big banks are making PA's a lot volatile than usual. I wouldn't enter incessantly. Enter 1 or 2 trades per session LO and NY.

Just give it a some more time. Take a step back and give it another 2 or 4hrs between the trades.
  • #166,272
  • Jan 25, 2023 1:15am Jan 25, 2023 1:15am
Quoting Traderview
{image}{image}{image}
Whats the name of the pattern!
Looking for profitable short term trades ...|
  • #166,273
  • Jan 25, 2023 1:18am Jan 25, 2023 1:18am
Quoting Js3mwtRc
{quote} Whats the name of the pattern!
My own '' W ''
  • #166,274
  • Jan 25, 2023 1:19am Jan 25, 2023 1:19am
Quoting johncen
{quote} If bull can take down 0910 and the high. Yea it is likely to make 100pips. I m watching DXY and UJ closely to get signal
Thats 1.10101 I don't think it can make it that high today but maybe the next days/week we see it finally I expect areturn to test 0887 again.
Looking for profitable short term trades ...|
  • #166,275
  • Jan 25, 2023 1:20am Jan 25, 2023 1:20am
Quoting Traderview
{image}{image}{image}
have also 0937 in my chart. Love it
Patience, Emotion Control and Discipline.
  • #166,276
  • Jan 25, 2023 1:22am Jan 25, 2023 1:22am
Quoting Traderview
{quote} My own '' W ''
Its good I have seen dozens of W patterns but if its speciall I back off.
Looking for profitable short term trades ...|
  • #166,277
  • Jan 25, 2023 1:48am Jan 25, 2023 1:48am
done bo , now to first confirmation at 0881 , for minimum 2nd confirmation/ target 0867
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #166,278
  • Jan 25, 2023 1:55am Jan 25, 2023 1:55am
Quoting Js3mwtRc
Yesterday we had less volatility than usuall like the last days and thats because the traders afraid to buy at high prices and keep because EU may have reached near its bullish target so we may see a discount around here. Today I expect it to move 69 pips. 30 min chart - bullish with caution {image}
Dropped, now I wait to see a close above 1.0887/92 for more upside or a drop at the next support - see chart on quote.
Looking for profitable short term trades ...|
  • #166,279
  • Jan 25, 2023 1:59am Jan 25, 2023 1:59am
There's a more sinister rise, a path EURUSD can take.

Earlier today, when price briefly hit 1.092, I was pondering on whether to take profit on one of my long trade, entered since 0.971, but decided against doing so. I'm not certain if I want to go into the short business just yet.

Technical wise, a rise toward 1.12345 is possible, but macro front just doesn't see solid reasons supporting such an uptrend, right now. Today, we're closer to the 200-SMA on weekly, than it is to the 50-SMA: 300 vs 500 pips. Filling the gap? We'll see.

It's not too far-fetched to compare situation we're currently in, against the one in Jan '17. Back then, price dipped toward 1.03, before spiralling up quicly to 1.07-1.08 levels, and subsequently shot up to 1.20 by Sep '17. Back then, there were rumoured Fed was about pause rate hikes, started by Yellen in Dec '15, which was eventually halted in Dec '18. We're singing the same tunes today with Powell. It was during this period of time, when market and Fed sent mixed and confusing tones on when to stop tightening.
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  • #166,280
  • Jan 25, 2023 2:06am Jan 25, 2023 2:06am
Quoting Js3mwtRc
{quote} Its good I have seen dozens of W patterns but if its speciall I back off.
It's Fib extension and a pullback. I use mid 38 - 50 - 61. I use the pattern mainly on 4hrs and sometimes on 1hr. But don't use it on lower TF.
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