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  • #182,341
  • Oct 25, 2023 12:58am Oct 25, 2023 12:58am
If price will not reach with a clear move the 1.0700 i do not call that bias long.
A bigger picture must first build and need time for it.
Perfection is the enemy of good enough!
  • #182,342
  • Oct 25, 2023 1:03am Oct 25, 2023 1:03am
Quoting Js3mwtRc
Recovering from the deep, it will threat the daily high again and in case the news are good we should see it at 0635/40. Lower it should find support at the weekly pivot but temporary.
The news are good, waiting for the development!
Looking for profitable short term trades ...|
  • #182,343
  • Oct 25, 2023 1:03am Oct 25, 2023 1:03am
After H4 close I will go hard on EU
  • #182,344
  • Oct 25, 2023 1:08am Oct 25, 2023 1:08am
Quoting johncen
{quote} seems like 0550 next
1.0550 will be great for the bears to continue. I just thought, it will be always good to cash out, before the trend reverses lol;
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  • #182,345
  • Oct 25, 2023 1:10am Oct 25, 2023 1:10am
Quoting Js3mwtRc
{quote} The news are good, waiting for the development!
we have ECB tomorrow which may limit any movement until then
Patience, Emotion Control and Discipline.
  • #182,346
  • Oct 25, 2023 1:10am Oct 25, 2023 1:10am
Quick DAILY Outlook

  1. Can 1.0518/60 area stop bears and support bulls?
  2. My MACD signal line is slightly above 0, showing mild support to bulls, but will they make use of it?

Time will tell...

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Focus only on what truly matters!
  • #182,347
  • Oct 25, 2023 1:11am Oct 25, 2023 1:11am
Quoting sulai45
{quote} 1.0550 will be great for the bears to continue. I just thought, it will be always good to cash out, before the trend reverses lol; {image}
i was thinking of trying another long if 0550 comes but news is supporting eu. Plus ECB tomorrow, might be thd best to scalp, just hit and run
Patience, Emotion Control and Discipline.
  • #182,348
  • Oct 25, 2023 1:11am Oct 25, 2023 1:11am
Quoting Ata-Turkoglu
{quote} Ok, then go sleep..
Lol, once I'm up in the morning, I hardly go back to sleep. It's always good, to follow the 'early birds' lol. Thank you.
  • #182,349
  • Oct 25, 2023 1:16am Oct 25, 2023 1:16am
[quote=Phoenix-;14629723]{
NO ONE HAS NOT A MISTAKE, as you lost, keep calm, take some relax activities, think the way to get start some days. NOT TRY TO TRADE! THE LIFE IS AHEAD, TRY TO OVERCOME!
  • #182,350
  • Oct 25, 2023 1:24am Oct 25, 2023 1:24am
Quoting johncen
{quote} we have ECB tomorrow which may limit any movement until then
Yes, but It could range, the higher I see it is 0660 and if, we see it there (just in case) I'll try a small short I hate drawdown especially on ECB days. It will need to get over today's low for 0565/40.

It can drop from any of these levels, 0610/20/35 but once it rises above (see chart) it will stop being a bearish scenario and may meet 0662 daily R1 resistance.
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Looking for profitable short term trades ...|
  • #182,351
  • Oct 25, 2023 1:33am Oct 25, 2023 1:33am
Yesterdays reaction to monday up move was quite strong, so I expect bears to push price further down.
I will consider long as an option when price reaches 1.05 area. Still a lot of ground to cover and resistance areas to clear, though.
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  • #182,353
  • Oct 25, 2023 2:03am Oct 25, 2023 2:03am
Monday's increase was to balance Tuesday's price. Today, Wednesday, is as if we were starting the week, my best buy limit order is at 1.0576. If the H4 candle closes below that, then I will be worried about Teddy's group...
"No pain no gain"
  • #182,354
  • Oct 25, 2023 2:08am Oct 25, 2023 2:08am
EURUSD about to test 1.0580-1.0578 area. I see a rebound there to 1.0607. It will likely stay within this area until Powell speaks tonight. Looking forward to the speech. I assume EURUSD will dump further down within the next week. Technically, a rising wedge is forming which will dump the price down to 1.050 whenever it breaks out from the pattern.

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  • #182,355
  • Oct 25, 2023 2:13am Oct 25, 2023 2:13am
  •  Austyno
  • Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,237 Posts | Online Now
Quoting MRZ0098
{quote} Do you mind sharing your updates? I'm so carious to see your perspective of the market. Personally, I think these fast up/down are nothing but liquidity grab, for sharp up move. 1.0520 is my key level to return back to selling mode, however the price shouldn't even get the chance to close a daily bearish engulfing (at 1.0593). A re-test to current area was actually needed in my opinion plus, it's showing a beauty of PA analysis.
I still recommend buying the dip but @ 1.05482. Yesterday's bearish move was a reaction to the inside bar price created few days ago.
Risk comes from not knowing what to do
  • #182,356
  • Oct 25, 2023 2:15am Oct 25, 2023 2:15am
Quoting MateuszFx123
{quote} After shallow pullback to 1.06 I am pretty sure that we are ready to go down again. Only positive German ifo Business Climate can help EUR {image} {image} {image}
We had small pullback after the data, but it doesn't change the bigger picture
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Guys, just look at fundamentals:
- the risk of a more serious recession in the US economy is low (no contraction in yesterday's PMI), and the FED does not have to hurry to consider the scenario of interest rate cuts
- yesterday's another massive rocket attack from Hamas may accelerate the launch of Israel's ground offensive in the Gaza Strip
- US is using the last few days to transfer more defense systems to the Middle East and the US may become a party to the conflict

Retail is long again, I see diamond on US bonds, big bear flag on EUR and bull flag on USDX. I really don't look good for my EUR longs and I don't count on tomorrow's ECB Monetary Policy Statement

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I don't know if USDX have power to go above flag today, maybe Lagarde/Powell speech will be needed as a catalyst
  • #182,357
  • Oct 25, 2023 2:31am Oct 25, 2023 2:31am
Quoting Endoephemera
{quote} I have 5.2% of the account short 1.0603 average. ...and I feel like a sucker for not being heavier You guys got a better position?
This is the quote which I really need to follow

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  • #182,358
  • Oct 25, 2023 2:32am Oct 25, 2023 2:32am
If bears reach 1.0530 today, bulls are doomed! Let's see...
Focus only on what truly matters!
  • #182,359
  • Oct 25, 2023 2:38am Oct 25, 2023 2:38am
Quoting Endoephemera
{quote} I have 5.2% of the account short 1.0603 average. ...and I feel like a sucker for not being heavier You guys got a better position?
Yes, absorbing everything that is outside the channel, encompassing the shadows...
I also wish you good luck!
"No pain no gain"
  • #182,360
  • Oct 25, 2023 2:38am Oct 25, 2023 2:38am
Quoting Austyno
{quote} I still recommend buying the dip but @ 1.05482. Yesterday's bearish move was a reaction to the inside bar price created few days ago.
Do you mean this one?
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