If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,902
- Nov 1, 2023 5:40am Nov 1, 2023 5:40am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
i buying again buy stop 05505 1min range BO strat, lets see if Thursday's trampoline is stilll there !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,903
- Nov 1, 2023 5:41am Nov 1, 2023 5:41am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
If November + December continues like August + September(after which Time Stood Still), we'll be back at parity for New Year's Eve{image}
Looking for profitable short term trades ...|
- #182,905
- Nov 1, 2023 5:48am Nov 1, 2023 5:48am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"
- #182,906
- Nov 1, 2023 5:54am Nov 1, 2023 5:54am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Maybe near February parity kicks in if, you exclude the seasonality - a double-edged knife risk, but anyway Happy New Year from now in any case!
If they keep going, and that is a BIG IF(as we are still in undecisive territory), support arising around the mid price level's of last November could be the meat on the bone for the very big bulls.
I like Ata's 1.1111 better though !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
{quote} Indeed https://www.forexfactory.com/news/12...dly-to-achieve , but it could be pump before dump. I think that Israel want to finally destroy everything in Gaza with the help of the USA, but it could be tough war, just like the Russians and Americans had in Afghanistan. PCE core is at consensus level {image} I don't see confirmation on bond yields {image} {image}
I thought that pullback should be 38 fibo, but in fact, USDX also checked 50 and finally 61 fibo levels.
Looking at the dollar index we can see that $ is very strong, we get only the smallest possible pullback size, which is 23 fibo.
I the long term I believe that the dollar should reach 109 (breakout from the bullish flag, triangle breakout range, second leg range, from COVID we are in an uptrend).
Bonus: I am experimenting with using weak currencies like my home PLN, here you can see the triple bottom and the dollar ready to close gap after parliament elections.
Looking at EURUSD there is still a possibility we could see the right shoulder of the third H&S pattern, but I believe that downtrend should resume
Fundamentals:
recent US economic data has been relatively robust. Strong GDP, persistent inflation pressures and a resilient labor market should maintain the ‘higher for longer’ message. That being said, high US Treasury yields could reduce the need for additional hikes. In summary, if we see no change to rates the US dollar could remain relatively stable leaving the EUR depressed.
From a euro perspective, recent weak Chinese PMI’s will weigh negatively on the EUR and with bleak growth prospects within the region, the USD is unlikely to lose its attractiveness. In addition, the ongoing geopolitical issues (Israel-Hamas war) will keep the greenback’s safe haven attraction alive.
- #182,908
- Nov 1, 2023 6:05am Nov 1, 2023 6:05am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
Looking for profitable short term trades ...|
- #182,911
- Nov 1, 2023 6:17am Nov 1, 2023 6:17am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,912
- Nov 1, 2023 6:27am Nov 1, 2023 6:27am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
From my point of view, there should be quite a strong strip of support between 1.0537 and 1.0525. I'd be supprised if bears can break below there and stay there. In other words, the strip might represent LOD in the upcoming hours, unless US news help bears break below that. However, it bears make it below, then ~1.0485 is the next target.
, miam !this growing volatility could mean another 100 drop today, with this double daily pullback with momentum in trend, yes, 100 from here, so 0440s, as crazy as that sounds.
Now I would ask Mr.Bear how big his belly is, but last time he answered by making room in there for me too
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,913
- Nov 1, 2023 6:29am Nov 1, 2023 6:29am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
Looking for profitable short term trades ...|
- #182,915
- Nov 1, 2023 7:05am Nov 1, 2023 7:05am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} I think that after this 2nd bull failure from those heights mentioned above + bear still having it great (no 5pips above any 3H yet ! = momentum after high volatility can still pursue its course much easier than the opposite)
I'm am dreaming of a future where, like the magnificent Roz, no matter how low things get, I stay on my two feet and get back up just as graciously
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,917
- Nov 1, 2023 7:10am Nov 1, 2023 7:10am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #182,918
- Nov 1, 2023 7:10am Nov 1, 2023 7:10am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Not interested in buying this crap though.... {image}
Focus only on what truly matters!
- #182,919
- Edited 7:40am Nov 1, 2023 7:11am | Edited 7:40am
- | Membership Revoked | Joined Feb 2022 | 2,509 Posts
Don’t focus on making $$$, focus on protecting what you have.
- #182,920
- Nov 1, 2023 7:18am Nov 1, 2023 7:18am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
Back to 61.8 fibo of October's rise to 0695 from the low of 0448 - 1.0542. Do you feel lucky enough bulls, that's your spot, waiting for a movement here for a try above 0557 if, not 1.0516 will come next! Watch your risk must be small!
Looking for profitable short term trades ...|