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  • #180,881
  • Sep 27, 2023 12:06am Sep 27, 2023 12:06am
Quoting pedro319
Next levels I am looking to long according to probability of success for at least 150 pips bounce. 1.0550 low to moderate 1.0474 moderate 1.0430 high. Current trade not doing well but I believe there is money to be made on the long side for limited time. The trend is now officially bearish and 0.90 is back in the frame, fundamentals also support this move. Good trading.
Good day pedro319. I think 0550 is too high for a buy for now but I should mention that for the price there isn't too high or low so your view is correct but I will not choose it for a buy trade just yet because I think that there is more downside towards 1.0516 and 0474 - your level looks better and coincides with my 0483 longer term target. 0430 is too low and I think that we are going to see a bounce before it, but to be clear I don't buy EU if I don't see something that will make me want to risk a piece of my account, fundamentals don't support long positions yet, only lucky opportunities. Thanks for sharing your view/s and good luck!
Looking for profitable short term trades ...|
  • #180,882
  • Sep 27, 2023 12:13am Sep 27, 2023 12:13am
Quoting Js3mwtRc
{quote} Good day pedro319. I think 0550 is too high for a buy for now but I should mention that for the price there isn't too high or low so your view is correct but I will not choose it for a buy trade just yet because I think that there is more downside towards 1.0516 and 0474 - your level looks better and coincides with my 0483 longer term target. 0430 is too low and I think that we are going to see a bounce before it, but to be clear I don't buy EU if I don't see something that will make me want to risk a piece of my account, fundamentals don't...
Good day.
The only thing we don't agree is the method, everything else falls into place.
Cheers and good luck to you too.
We watch the charts from every angle so you don't have to!!
  • #180,883
  • Sep 27, 2023 12:52am Sep 27, 2023 12:52am
Quoting pedro319
{quote} Good day. The only thing we don't agree is the method, everything else falls into place. Cheers and good luck to you too.
Right there are many spots I agree with you and also like your harmonics analysis, it's quiet accurate.

I also forgot to comment on your longer term bearish view for EU, it is just fresh and bigger charts need time to develop and until then many things can change like the economies we are living, geopolitical and more. So I first will wait for a bearish monthly close below 1.0635 or lower and then a good retrace. Don't forget things change and so the plans! Thanks!
Looking for profitable short term trades ...|
  • #180,884
  • Sep 27, 2023 1:22am Sep 27, 2023 1:22am
Quoting Js3mwtRc
{quote} Right there are many spots I agree with you and also like your harmonics analysis, it's quiet accurate. I also forgot to comment on your longer term bearish view for EU, it is just fresh and bigger charts need time to develop and until then many things can change like the economies we are living, geopolitical and more. So I first will wait for a bearish monthly close below 1.0635 or lower and then a good retrace. Don't forget things change and so the plans! Thanks!
When I say the fundamentals support lower Euro, I mean the Fed is probably going for another rate hike while I cannot say the same for the ECB, also the situation with the U.S bond market with 10 yr climbing towards 5%.
There are other things...
Unless there are major changes, the fundamental view is clear to me atm.
The technicals point to more downside and 0.90 would be the culmination but that could take months, we have reversal swing on the weekly, after retrace it should sink again.
The bounce I expect is more of a technical nature, it does not require change in the fundamental background.
Thanks for your time.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #180,885
  • Sep 27, 2023 1:30am Sep 27, 2023 1:30am
Good Morning for All ......

Expected scenarios for today's movement:
Return to test entry zones (sell zone)
Or continue the downward trend (the pair has not yet reached a real bottom that can be relied upon to enter into a safe buying position).
Attached Image (click to enlarge)
Click to Enlarge Name: 6E DEC23 (60 Minute) 2023_09_27 (9_30_24 AM).png Size: 20 KB
Volume is the soul of the market
  • #180,886
  • Sep 27, 2023 2:08am Sep 27, 2023 2:08am
Good morning, hope you're well. We have arrived close to the support level, but I think the bulls are showing up early lol;
Attached Image(s) (click to enlarge)
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  • #180,887
  • Sep 27, 2023 2:13am Sep 27, 2023 2:13am
Quoting TheWraith
EUR/USD Weekly Chart Monthly S - 1.048 {image}
Getting closer to the target (1.048)

S2 is at 1.03.
  • #180,888
  • Sep 27, 2023 2:37am Sep 27, 2023 2:37am
Quoting Erkat
{quote} I am waiting for the magic number 1.0547 {image}
Price is within 7 pips of our magic level at 1.0547.
I still expect this price to touch.
I currently see no chance of a further drop below this level (1.0547).
If the price reacts to this level and begins to climb, the most likely target is the green rectangle marked with a red arrow⁦(1.0752)⁩
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20230927_105214.png Size: 20 KB
Half of the time, the market is building resistance and support levels, and
  • #180,889
  • Sep 27, 2023 2:49am Sep 27, 2023 2:49am
Quoting Erkat
{quote} Price is within 7 pips of our magic level at 1.0547. I still expect this price to touch. I currently see no chance of a further drop below this level (1.0547). If the price reacts to this level and begins to climb, the most likely target is the green rectangle marked with a red arrow⁦(1.0752)⁩ {image}
Lets see the strength of the bulls when we get there, I believe that there are still chances for a correction but not sure of how much these chances are by looking other things except techs. Well done until now!
Looking for profitable short term trades ...|
  • #180,890
  • Sep 27, 2023 3:09am Sep 27, 2023 3:09am
Quoting fxcontest
Long 0585 - 0590
Candle closed below 0584, Stopout
Holy Betting Grail strategy
  • #180,891
  • Sep 27, 2023 3:10am Sep 27, 2023 3:10am
1.06 and 1.0630 levels to watch for shorts targeting 1.0550 and 1.0474.
We watch the charts from every angle so you don't have to!!
  • #180,892
  • Sep 27, 2023 3:11am Sep 27, 2023 3:11am
TP set, trailing set, leave 1 open

High Leverage
Attached Image (click to enlarge)
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Holy Betting Grail strategy
  • #180,893
  • Sep 27, 2023 3:19am Sep 27, 2023 3:19am
Quoting Js3mwtRc
{quote} Lets see the strength of the bulls when we get there, I believe that there are still chances for a correction but not sure of how much these chances are by looking other things except techs. Well done until now!
I Think the exact same thing.
Market is too weak to think that magically it will stop there and correct significantly or even revert. It could like it could not.
Simplicity is the Ultimate Sophistication.
  • #180,894
  • Sep 27, 2023 3:28am Sep 27, 2023 3:28am
Quoting broketrader
{quote} I Think the exact same thing. Market is too weak to think that magically it will stop there and correct significantly or even revert. It could like it could not.
Also I am not seeing it only weak and all the things I said in my above post, I don't want to think about going very much up either show me a bear that don't want that or a bull that wasn't... a bull after all.
Looking for profitable short term trades ...|
  • #180,895
  • Sep 27, 2023 3:55am Sep 27, 2023 3:55am
I’m also expecting EU to go long
  • #180,896
  • Sep 27, 2023 3:58am Sep 27, 2023 3:58am
Hello everyone. I'm sorry, but gentlemen, don't write nonsense about bulls and bulls here, because the market has just shown great weakness and we are probably on the third wave of declines from now on. I think there will be huge downward movements.
  • #180,897
  • Sep 27, 2023 4:10am Sep 27, 2023 4:10am
Quick Weekly Outlook

Highly magnetic rim of big circle still helping bears to stroll lower along its edge..

1.0522 area is nearest support for this week...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-W1.png Size: 20 KB
Focus only on what truly matters!
  • #180,898
  • Sep 27, 2023 4:15am Sep 27, 2023 4:15am
Quoting Mbsagagi
I’m also expecting EU to go long
Based on what?

It takes a lot for me to IGNORE you, but you can try.
  • #180,899
  • Sep 27, 2023 4:35am Sep 27, 2023 4:35am
Quoting Erebus
{quote} Based on what?
Recent data actually supports bulls... but whatever!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #180,900
  • Sep 27, 2023 4:55am Sep 27, 2023 4:55am
Quoting coolcov
Hello everyone. I'm sorry, but gentlemen, don't write nonsense about bulls and bulls here, because the market has just shown great weakness and we are probably on the third wave of declines from now on. I think there will be huge downward movements.
Thank you, great professor, for guiding us so that we become aware and don't write our own nonsense here.
Now we are waiting for you to specify a place so that from now on, we will write our nonsense there so that you will not be upset.
Half of the time, the market is building resistance and support levels, and
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