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  • #186,761
  • Jan 16, 2024 12:48pm Jan 16, 2024 12:48pm
I expect a Gap to break above 1.08588 to clear... the daily limit the price is defending is 1.08639.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-01-16_EURUSD_M1_BullGang_JBRolim=.png Size: 13 KB
"No pain no gain"
  • #186,762
  • Jan 16, 2024 12:53pm Jan 16, 2024 12:53pm
Quoting pedro319
{quote} Competing patterns on D1. This is why we have to thread carefully. Overall, weekly chart overrules daily so all of this is still ok as a retracement. {image}
So Lagarde will tell us which pattern will win, is it daily or weekly?! Hopefully this last 4H candle today will give us clue.
  • #186,763
  • Jan 16, 2024 12:59pm Jan 16, 2024 12:59pm
Quoting ChoyFX
{quote} So Lagarde will tell us which pattern will win, is it daily or weekly?! Hopefully this last 4H candle today will give us clue.
We can have this retracement on D1 to 1.0735 and then resumption of the uptrend on W1.
Atm it looks like price is slowly passing through confluence, but oversold D1 is at 1.0787 and most likely a bounce as well before hitting 1.0735.
Plenty of levels for this week still.
We watch the charts from every angle so you don't have to!!
  • #186,764
  • Jan 16, 2024 1:36pm Jan 16, 2024 1:36pm
Quoting johncen
{quote} i believe we have now picked a side as long as we are under 0950 believe 0860 is the next step
0860ish ticked. Let see what next
Patience, Emotion Control and Discipline.
  • #186,765
  • Jan 16, 2024 3:16pm Jan 16, 2024 3:16pm
To be continued...

  1. I have ~1.0888 as main resistance on H1...
  2. Wednesday could become another bearish day but first some retracement maybe... or maybe not...
  3. For now: while H1 candles open below 1.0888-ish I stay bearish!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 15 KB
Focus only on what truly matters!
  • #186,766
  • Jan 16, 2024 3:36pm Jan 16, 2024 3:36pm
long was stopped out as expected. wait to see now if we drop right down to support, drop bit then rally, or could we see a reversal bar tomorrow back inside the channel which would be a possible buy.

Attached Image (click to enlarge)
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  • #186,768
  • Jan 16, 2024 6:00pm Jan 16, 2024 6:00pm
For now I intend to hold back on purchases... The price respected several locks with Fibo. I also observed the expansion... Maybe it will remain inside the ellipse for some time.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-01-17_EURUSD_H4_JBRolim=.png Size: 14 KB


Happy Wednesday!
"No pain no gain"
  • #186,769
  • Edited 9:13pm Jan 16, 2024 7:35pm | Edited 9:13pm
Quoting MRZ0098
We are currently in the process of finding a clear direction even though the overall direction is still bearish, but yesterday daily candle has taken out the high of previous daily therefore bulls are gaining some strength! (up until CPI) In my view, the key levels to watch are 1.0995 and 1.08790, which are the high and low of last Friday's doji. A breach of these levels is necessary for a clearer market direction. Notably, the market formed an inside bar after the doji, suggesting uncertainty, possibly due to anticipation of today's CPI...

Looking at it from different perspectives, I've set my sell limit (half position at 1.0895 the other half at 1.0913) tested SL: 50 pip (1.0959) , TP:1.0845 (63 pip)

FVG stays at : 1.0902
Volume PoC stays at: 1.0906
PWL (previous weekly low) = 1.0910
SMA 50(1h tf) = 1.0910
SMA 50 (4h tf) = 1.0921
  • #186,770
  • Jan 16, 2024 7:37pm Jan 16, 2024 7:37pm
Ma 333 H4, (Price held ).
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-01-17_EURUSD_H4_JBRolim-=-.png Size: 24 KB


Ma 666 D1 (Closed price above).
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-01-17_EURUSD_D1_JBRolim.png Size: 13 KB


Perhaps, it could be the starting point for the continuation of the Bulls' second journey... according to my calculations, if it continues (1.21259 / 1.21878) it will be approximately the target until May 2024...
"No pain no gain"
  • #186,771
  • Jan 16, 2024 9:04pm Jan 16, 2024 9:04pm
Quoting Ata-Turkoglu
To be continued... I have ~1.0888 as main resistance on H1... Wednesday could become another bearish day but first some retracement maybe... or maybe not... For now: while H1 candles open below 1.0888-ish I stay bearish! {image}
last hour close is remain pretty bearish, retracement might have already done
Patience, Emotion Control and Discipline.
  • #186,772
  • Jan 16, 2024 10:46pm Jan 16, 2024 10:46pm
EU is still bearish and in a consolidation mode some pips above support at 1.0862, a break lower will meet 200 daily ma first before lower levels like, 1.0820/1.0800. Resistance is at 1.0895/1.0910 and 1.0930. Today will be more news like, US Retail Sales and officials speaking, so we are going to see much volatility in the market again!

Daily volatility (range) 47 pips

Significant news - US Retail Sales, US Industrial Production

15 min
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 54 KB

Good luck!
Looking for profitable short term trades ...|
  • #186,773
  • Jan 16, 2024 10:51pm Jan 16, 2024 10:51pm
Quoting Js3mwtRc
{quote} Just an update of the above quoted post. Bears should wait for a close but buyers seem more aggresive here, so any position from 1.0998 should protected now that eu is touching the trendline. Next targets are with blue dots. Daily {image}
Yesterday the low of the channel been met, bears won now I share a new update with more targets.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-01-17-06-47-28-848.jpeg Size: 111 KB


The rising trendline can work also like a daily pivot - a close above is bullish, bears can use limit orders.
Looking for profitable short term trades ...|
  • #186,774
  • Jan 16, 2024 11:16pm Jan 16, 2024 11:16pm
Quoting aahmad29
I am expanding my FIBO volatility levels to other instruments. I mostly traded in XAUUSD but now i am also posting the levels for EURUSD. I am trying to catch the quick movement of small cycles based on FIBO volatility levels. Today’s Asian Session position Buy Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Sell Side 0.236 Sell Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Buy Side 0.236 Today’s EU & NY Session position Buy Stop 0.786 TP1 1.236 (Half position closed and SL move to BE) TP2 1.618 SL Sell Side 0.382 Sell Stop 0.786 TP1 1.236 (Half position closed and...
Asian Session

Buy stop activated and hit TP1. At TP1 half position is closed and Other half closed at BE because SL moved to BE
Love for all; Hatred for none.
  • #186,775
  • Jan 17, 2024 12:08am Jan 17, 2024 12:08am
4H Playbook I am reading as
Attached Image (click to enlarge)
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  • #186,776
  • Jan 17, 2024 12:30am Jan 17, 2024 12:30am
Quoting Ata-Turkoglu
With this momentum in mind.. for tomorrow I have 1.0844 as potential bouncing spot... Tomorrow's projection could affect even today's flow.. *For today: as long as H1 candles open below 1.0908, bears are good...
We are almost there: Could bears get rejected at my D1 circle rim: 1.0844-ish...??? Let's see...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.png Size: 23 KB
Focus only on what truly matters!
  • #186,777
  • Jan 17, 2024 12:40am Jan 17, 2024 12:40am
Quoting andvk74
{quote} {image}
Yes, this target has been hit profoundly. Where are you gonna place your magnet next? Further below this?
  • #186,778
  • Jan 17, 2024 12:45am Jan 17, 2024 12:45am
Quoting Ata-Turkoglu
{quote} We are almost there: Could bears get rejected at my D1 circle rim: 1.0844-ish...??? Let's see... {image}
My bias and expectation is that we see 1.0764 before this week is over.
  • #186,779
  • Jan 17, 2024 1:00am Jan 17, 2024 1:00am
Quoting yvestrcz
{quote} My bias and expectation is that we see 1.0764 before this week is over.
So be it... I trade what I see and go step by step...

Best wishes
Focus only on what truly matters!
  • #186,780
  • Jan 17, 2024 1:15am Jan 17, 2024 1:15am
Meanwhile, on H4...

  1. My Cup & Handle is a little extended but still valid...
  2. Going step by step means: watch what happens at 1.0844 area...

    1. If it bounces up, we might go back to retest 1.0888 area...
    2. If bears break below it, our next bear stop would be 1.0806 area...

  3. Also please notice that MACD is forming divergence!

Overall, I see this drop still as a regular correction before the main bullish trend continues!

Best wishes

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 22 KB
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