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Quoting genadi
{quote} Bigi, why do you think so?
Unfortunately, I can't give you reasons. Just look at the chart.
DX, H1
Do you see how Stochastic looking up!
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  •  iota
  • | Joined Oct 2023 | Status: Junior Member | 7 Posts | Online Now
EURUSD,Scan the market start point！
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I come from China, let's find the market starting point together!
Quoting bigiivan
{quote} Unfortunately, I can't give you reasons. Just look at the chart. DX, H1 Do you see how Stochastic looking up! {image}
13.11 was also looking up on Your chart ;P
I think we will see EUR strenght until we reach an equilibrium for the "rate pause/reduction FED vs ECB" case again. And when this happens, USD strenght will come back given the the better economic outlook/performance.

Until then, we have re-entered the rising channel from earlier this year. Let's see where this will take us.
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Quoting d00lar
{quote} 13.11 was also looking up on Your chart ;P
I don't understand. Do you mean the 13-th of November? I can't remember what was then.
Quoting bigiivan
{quote}I don't understand. Do you mean the 13-th of November? I can't remember what was then.
He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards.
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Quoting Drolph
{quote} He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards. {image}
Ooo, now I understand! Thanks for the explanation!
I suggest you just to wait and see after a couple of days. I have already mentioned my direction.
Quoting Drolph
{quote} He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards. {image}
Useless? Every indicator, including your system, can fail at any time.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} Useless? Every indicator, including your system, can fail at any time.
Thanks, M.!
I think you are right.
The price rised but looks like it hit a wall of bearish orders at 1.0945, at least the first test to pass this significant resistance failed, 1.0900?
Looking for profitable short term trades ...|
hello 1,1000/1,2000
A small bird trying to fly
Quoting Js3mwtRc
The price rised but looks like it hit a wall of bearish orders at 1.0945, at least the first test to pass this significant resistance failed, 1.0900?
Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
I see it is pooling here to hit just 1.0950/60 and then drop again to 1.0900/10
Looking for profitable short term trades ...|
Quoting Mitiblotch
{quote} Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
Risked only a small piece here with you on this!

Cheers to closing out the first day of the week with a positive and productive energy. May the rest of your week be smooth sailing from here on out!

See you tomorrow!
Looking for profitable short term trades ...|
Quoting Js3mwtRc
{quote} I see it is pooling here to hit just 1.0950/60 and then drop again to 1.0900/10
I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
From today the 20th usually price reverses. The month has hit a good range of over 400 pips. I see price stalling and then taking a good dump. Even 0800 is not far.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Ata-Turkoglu
Quick DAILY Outlook For today only, all I care is: Can bears stop bulls right at mushroom curve: 1.0941 area? If yes, we go back to retest 1.0871 area and maybe lower to 1.0800. If no, there is a little more room until channel upper edge: 1.0966 area.. Happy new trading week to all {image}
You are right on the Money Atta: the high stopped at 1.09519 and currently it is at your mushroom curve area 1.0941.
Actually I have two mini lots stuck at 1.0850 for Short but I studied hard your analysis and mushroom curve chart and In Sha Allah it will go back and test further under 1.08 area...
May Allah (Swt) bless you and all your dreams come true as you always share valuable info in terms of chart and indicators which help me a lot.

Thanks again!!!
Quoting asyed4
{quote} You are right on the Money Atta: the high stopped at 1.09519 and currently it is at your mushroom curve area 1.0941. Actually I have two mini lots stuck at 1.0850 for Short but I studied hard your analysis and mushroom curve chart and In Sha Allah it will go back and test further under 1.08 area... May Allah (Swt) bless you and all your dreams come true as you always share valuable info in terms of chart and indicators which help me a lot. Thanks again!!!
Thanks brother... My approach is not rocket science, but more in relation with the idea that price (or nature, or magnetic fields, or great amounts of populations etc. etc.) are somehow under the effect of basic geometry. I don't question why and how. I simply respect and try to build my strategies along these basic structures. That's all! I am happy if it is helping and inspiring.

Best wishes
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 9.1%
Quoting johncen
{quote} I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
bear will have to keep pa under 0960 otherwise we are moving towards 1.1
Patience, Emotion Control and Discipline.
Something to bear in mind: "According to Danske Bank, "EUR/USD is set to peak around 1.10 and gradually lose ground to 1.04 in 12 months." (2023-2024 Interest Rate, Exchange Rate Forecasts Updated: Danske Bank (exchangerates.org.uk)).

So, set your alarms and get ready to watch for a rejection around 1.10.
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This is one investment in a bucket of thousands!
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