EU is consolidating the roller coaster ride it did yesterday, support is at 1.0830 and resistance at 1.0895. Still it can rise but need to clear 1.0865 first. Shorter timeframe support comes at 1.0839/41. Daily volatility (range) - 42 pips Significant news - US Housing Starts Number 15 min {image} Happy Friday!
{quote} Not good to add longs maybe if, this momentum stabilizes. Until it does it may take out the lows at 1.0830
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{quote}We are on the same wavelength! dear iota!{quote}I mate, nice to read you ! Yes it was overdone and it is for good reasons, not always because of war or fundamentals though Sometimes, in this example, the uptrend has perhaps, again, gathered the volatility needed to put an end to this +-40%correction. They have already managed to take back +50% of it in less than a third of the time of the drop. So far so good ! But my main point is, most times, during reversals, end of corrections and breaking out of sideways, a much bigger than average move...
I'll buy next previous bull 5min cdl high+2pts, look, right now actually maybe.. ! bears now going on 8th without high breach, in low of range under ranging conditions. Cool
{quote} You are the reversal indicator!! No repaint! Need to install into mt5.
{quote} If, it goes to 0725 today I am buying!!
Sold at 1.08780 Sl and tp 50 pips reasons are we are currently above 3rd resistance on weekly and today is Thursday, logically and technically speaking, price should drop
{quote} You are the reversal indicator!! No repaint! Need to install into mt5.
! That would be quite the trip !I'll buy next previous bull 5min cdl high+2pts, look, right now actually maybe.. ! bears now going on 8th without high breach, in low of range under ranging conditions. Cool
{quote} I would give it one more chance for 1.0850 but with some salt!
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{quote} +50 pips gained
, and well done with your trade mate, happy you're back!!!
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{quote} Can't see price just passing confluence like that. 1.0750 is like 1.0660, fib confluence and previous tops. On the upside 1.0960 is the very last resistance for any bearish context to remain. So lots of reasons to stay below, at least for a good while.
If, you want a reason for a fall down to your levels then here are some: You have the eurozone economic slowdown, the relative strength of the US dollar, political uncertainty in Europe, and potentially also concerns about the impact of the war in Ukraine.
I say is perfect place for longs, low of ranging. Yesterday was choppy : all the way up to allll the way down. Today also till proven otherwise, and here lows = BUY
