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  • #186,581
  • Jan 11, 2024 11:35pm Jan 11, 2024 11:35pm
One possible scenario is that the Reverse Flag Pattern will play out and that the price will fall to ~1.08000 where I would stay buying at.
Another possibility is that the price will break the resistance (trendline) at ~1.10000 and then ~1.10000 would start acting as a support.

Still waiting...
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  • #186,582
  • Jan 11, 2024 11:46pm Jan 11, 2024 11:46pm
I'm long from the bottom yesterday low with small position. Sleep time, I don't want nightmares. Lol. I believe that price will not be lower than yesterday low. And adding another buy in Asia season. I'm connecting Wednesday and Thursday high low. It makes HH, LL, HL, LL, HL. And woken up, tadaaa got green pips.

I believe this is the Paul Tudor Jones strategy. An aggressive trading take top and bottom. Searching for the pullback.

When I develop an idea, I pursue it from a very-low-risk standpoint until proven wrong repeatedly, or until I change the viewpoint. I'm slave to the tape and proud of it. PTJ.
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  • #186,583
  • Jan 12, 2024 12:26am Jan 12, 2024 12:26am
Interesting concept, whats the target here?
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  • #186,584
  • Jan 12, 2024 12:45am Jan 12, 2024 12:45am
Quick H4 Outlook

Good morning folks.. Today the same question remains: Can bull break above resistance currently sitting at: 1.0986-ish!

  1. Bulls can enjoy support coming from ~1.0945 and also from ~1.0903 if bears counter-attack later.
  2. The main problem is: No economic stimulant to motivate bulls!
  3. I personally keep a bullish bias for now and keep buying dips but of course we must see how new data affects both sides.
  4. As I always say: Best is to go step by step and to trade extra careful until the end of this sideways choppy cycle.

Happy Friday to all

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Focus only on what truly matters!
  • #186,585
  • Jan 12, 2024 12:53am Jan 12, 2024 12:53am
Quoting TheAncient
One possible scenario is that the Reverse Flag Pattern will play out and that the price will fall to ~1.08000 where I would stay buying at. Another possibility is that the price will break the resistance (trendline) at ~1.10000 and then ~1.10000 would start acting as a support. Still waiting... {image}
Yep there is chance for that too... we mentioned it below yesterday

Quoting Ata-Turkoglu
Quick Outlook for Friday One more time saying: candles are still trapped inside my circle. Bulls can not continue without a clear break above 1.0988! Bears can not continue while trapped inside circle i.e.: while above 1.0902 for tomorrow! Bulls still have the upper hand and could soon succeed as long as we are above 1.0902. A break below 1.0902 would mean a deeper correction towards 1.0725 but leave that for later my friends. Maybe 1.0902 will support well and that case won't happen at all. Long story short: I will keep my bullish bias for tomorrow...
Focus only on what truly matters!
  • #186,586
  • Jan 12, 2024 1:17am Jan 12, 2024 1:17am
Quoting Ata-Turkoglu
Quick H4 Outlook Good morning folks.. Today the same question remains: Can bull break above resistance currently sitting at: 1.0986-ish! Bulls can enjoy support coming from ~1.0945 and also from ~1.0903 if bears counter-attack later. The main problem is: No economic stimulant to motivate bulls! I personally keep a bullish bias for now and keep buying dips but of course we must see how new data affects both sides. As I always say: Best is to go step by step and to trade extra careful until the end of this sideways choppy cycle. Happy Friday to all...
I dont think the bulls can break that resistance! The daily chart looks kindda bearish. My opinion!
  • #186,587
  • Jan 12, 2024 1:17am Jan 12, 2024 1:17am
Quoting Ata-Turkoglu
Quick H4 Outlook Good morning folks.. Today the same question remains: Can bull break above resistance currently sitting at: 1.0986-ish! Bulls can enjoy support coming from ~1.0945 and also from ~1.0903 if bears counter-attack later. The main problem is: No economic stimulant to motivate bulls! I personally keep a bullish bias for now and keep buying dips but of course we must see how new data affects both sides. As I always say: Best is to go step by step and to trade extra careful until the end of this sideways choppy cycle. Happy Friday to all...
Mr.Ata, you are very good advisor here. I believe I am not the only one to mention it. And I always take your words as reference to do my trade. Actually I starting to short it and put my SL at 1.110 according to 4hrs chart. Looking for breach of 1.09 first.
  • #186,588
  • Jan 12, 2024 2:00am Jan 12, 2024 2:00am
Good morning, hope you are well. For today, I'll anticipate for the bulls, because of the price expiry of 1.1000;
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  • #186,589
  • Jan 12, 2024 2:06am Jan 12, 2024 2:06am
Quoting papuasu
{quote} I dont think the bulls can break that resistance! The daily chart looks kindda bearish. My opinion!
Agreed.. but that's why we shouldn't fall for "looks"... It is best to wait for more data... To me we are in limbo, so I trade mixed, slightly inclined towards buying more than selling! Buy-70%/Sell-30% ratio I would say...

Best wishes
Focus only on what truly matters!
  • #186,590
  • Jan 12, 2024 2:13am Jan 12, 2024 2:13am
Here is the weekly chart.. for those who are skeptical about bulls... Please mind that bulls actually broke out from the big circle a few weeks ago..

1.0938 area is my main support here! Now you know...
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  • #186,591
  • Edited 3:06am Jan 12, 2024 2:42am | Edited 3:06am
Quoting pedro319
{quote} Same. Decision area, bull needs breakout.
Same. 1.0985
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  • #186,592
  • Jan 12, 2024 3:36am Jan 12, 2024 3:36am
Quoting Js3mwtRc
Not an ordinary technical analysis by me Channels based on H&S pattern on daily! The levels can act as pivots for direct bounces, or broken support/resistance levels. Its good to wait and see a close before you get into a trade but if your context is different then you will decide the entry and also how you are going to manage it - risk reward. {image} I wish you the best of luck!
First trade was yesterday at the high of the range, but carefully with the target as the trendline has been updated - its higher now so it might prevent the bears from dropping to the low of the range at around 1.0875 - first target. Above the resistance at near 1.0998 a strong close will turn eurusd to medium bullish and target the high of the range - upper falling trendline.

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  • #186,593
  • Jan 12, 2024 3:40am Jan 12, 2024 3:40am
buy xauusd eurusd gbpusd

take profits at 130 pips and use 200 ema on 30 mins and 1h tf as trailing sl
ryoiki tenkai : Blue Juggernaut
  • #186,594
  • Jan 12, 2024 3:50am Jan 12, 2024 3:50am
Quoting Ata-Turkoglu
Here is the weekly chart.. for those who are skeptical about bulls... Please mind that bulls actually broke out from the big circle a few weeks ago.. 1.0938 area is my main support here! Now you know... {image}
The weekly chart, always a good perspective to keep in mind!

Indeed a significant development, bulls are gaining momentum. 1.0938 could provide a potential entry point for traders looking to buy

It's essential for all to stay adaptable and open to new information and developments, while trading. Thanks!
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  • #186,595
  • Jan 12, 2024 3:57am Jan 12, 2024 3:57am
Ata i check your buy entry at 969, good enter 2hrs ago but two attempts to break 986 has been abortive.so you might like to exist that trade and re-enter at 940 if 30mins didn't hold above 970.i will buy at 940 anyway.My 2cents
  • #186,596
  • Jan 12, 2024 4:08am Jan 12, 2024 4:08am
Quoting Js3mwtRc
{quote} The weekly chart, always a good perspective to keep in mind! Indeed a significant development, bulls are gaining momentum. 1.0938 could provide a potential entry point for traders looking to buy It's essential for all to stay adaptable and open to new information and developments, while trading. Thanks!
57 could support too.
We watch the charts from every angle so you don't have to!!
  • #186,597
  • Jan 12, 2024 4:29am Jan 12, 2024 4:29am
Quoting pedro319
{quote} 57 could support too.
I want to see it at least 0945/50 I would feel safer! If, its after the news dust settles it will be better and can decide next.
Looking for profitable short term trades ...|
  • #186,598
  • Jan 12, 2024 4:35am Jan 12, 2024 4:35am
Quoting JBRolim
Sales limit 1.0990 Tp 1.0849 Happy Friday !
I just woke up, nothing happened with my order so I gave up on it...
"No pain no gain"
  • #186,599
  • Jan 12, 2024 5:27am Jan 12, 2024 5:27am
Next short term support at 1.0942
We watch the charts from every angle so you don't have to!!
  • #186,600
  • Edited 6:46am Jan 12, 2024 6:11am | Edited 6:46am
I have closed all my shorts at 1.0949. It appears bears are looking for every excuse to jack price up. NFP and CPI, which were both excellent pieces of data for the US, had no action except spikes. I think they might kick in from higher prices, but I am not keen to buy yet. Another scare is that there is huge option expiry sitting at 1.1000. While this might keep price capped until expiry, I do not know what happens after that. Lastly, PPI data to be released later in the day may not be green and what bigger excuse for these pesky bulls to rise like the eagle?

I have no trades on in any if my accounts. I am happy.
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