I carried the purchases a little more... 1.0856 was the last one... I hope the bulls don't run away from the battle...
Watch out for 1.0945 daily S1 and 1.0935 fib minor ext.
We watch the charts from every angle so you don't have to!!
- #186,821
- Jan 17, 2024 8:43am Jan 17, 2024 8:43am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
Watch out for 1.0945 daily S1 and 1.0935 fib minor ext.
{quote} Yep there is chance for that too... we mentioned it below yesterday{quote}
There are many good traders here on (EURUSD only) and it just so happens that we come to the same conclusion once in a while haha.
- #186,823
- Jan 17, 2024 8:47am Jan 17, 2024 8:47am
- Joined May 2014 | Status: Full Time Trader | 27,109 Posts
{quote} Right, thanks! There are many good traders here on (EURUSD only) and it just so happens that we come to the same conclusion once in a while haha.
Best wishes
Focus only on what truly matters!
- #186,824
- Jan 17, 2024 8:54am Jan 17, 2024 8:54am
- Joined Jul 2022 | Status: Trader | 1,412 Posts | Online Now
- #186,825
- Jan 17, 2024 9:04am Jan 17, 2024 9:04am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
{quote} Come on man, that was not the deal!!
"No pain no gain"
- #186,826
- Jan 17, 2024 9:05am Jan 17, 2024 9:05am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote} How hot...
We watch the charts from every angle so you don't have to!!
- #186,827
- Jan 17, 2024 9:09am Jan 17, 2024 9:09am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"
- #186,828
- Jan 17, 2024 9:23am Jan 17, 2024 9:23am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
Looking for profitable short term trades ...|
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- #186,830
- Jan 17, 2024 10:11am Jan 17, 2024 10:11am
- Joined Jul 2011 | Status: Trader | 3,134 Posts
Holy Betting Grail strategy
- #186,831
- Jan 17, 2024 10:17am Jan 17, 2024 10:17am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote} Come on man, that was not the deal!!
We watch the charts from every angle so you don't have to!!
- #186,832
- Jan 17, 2024 11:16am Jan 17, 2024 11:16am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
I was expecting more volatilty today, but buying pressure is keeping it choppy on small timeframes although not out of the risk to drop harder yet. This is due to some factors as, buyers are booking quick profits and adjusting their positions plus algos 
are hitting liquidity.
It may need more than just a daily close above 1.0885 to convince the sellers to quit selling and the bulls they are safe to buy. Above there are many other levels of resistance that eurusd risks more selling pressure. That makes the bear mission more easy untill it kicks a brick and rises with big momentum
. One of these levels could be 1.0800 or near, but also confirmation is needed when taking positions.
The US news showed momentum in the economy
and this is one reason to think eurusd is going down until something new happens. That is why it's so important to stay vigilant and adapt your strategy to changing conditions.
From me have a great and green rest of the day!
Tip: just make a quick check on your chart and see where you should be a seller and not a buyer the last days and you will see that you can still make money when all others think different.
are hitting liquidity.It may need more than just a daily close above 1.0885 to convince the sellers to quit selling and the bulls they are safe to buy. Above there are many other levels of resistance that eurusd risks more selling pressure. That makes the bear mission more easy untill it kicks a brick and rises with big momentum
. One of these levels could be 1.0800 or near, but also confirmation is needed when taking positions. The US news showed momentum in the economy
and this is one reason to think eurusd is going down until something new happens. That is why it's so important to stay vigilant and adapt your strategy to changing conditions.From me have a great and green rest of the day!
Tip: just make a quick check on your chart and see where you should be a seller and not a buyer the last days and you will see that you can still make money when all others think different.
Looking for profitable short term trades ...|
- #186,833
- Jan 17, 2024 1:07pm Jan 17, 2024 1:07pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
It's personal, during today's review I had to twist my shirt. 
.. I felt hot, but now everything is resolved.
Price could have broken below Ma 200, D1 chart.
Maybe price continue working in this region tomorrow, I'm keeping an eye on the "day" candle 2023/10/03, red ellipse at the bottom of the chart.
I keep in mind that today's candle could be another sign of a possible bottom... (continued bullish reversal)
I noticed that at the close of London the price starts to change direction, I hope it continues.
Thank you all for your observations and analysis.
To be continued...
.. I felt hot, but now everything is resolved.Price could have broken below Ma 200, D1 chart.
Maybe price continue working in this region tomorrow, I'm keeping an eye on the "day" candle 2023/10/03, red ellipse at the bottom of the chart.
I keep in mind that today's candle could be another sign of a possible bottom... (continued bullish reversal)
Thank you all for your observations and analysis.
To be continued...
"No pain no gain"
- #186,834
- Jan 17, 2024 2:07pm Jan 17, 2024 2:07pm
It's personal, during today's review I had to twist my shirt.
Scalping
- #186,835
- Jan 17, 2024 3:22pm Jan 17, 2024 3:22pm
- Joined May 2014 | Status: Full Time Trader | 27,109 Posts
Quick DAILY Outlook
- Some of you will remember this and I continue sharing it...
- In the past weeks I gave a hint that an AB=CD towards 1.0725 also was a possibility. And here we are witnessing how bears turned direction back to bearish right after a sudden breakout from the circle.
- Now, based on D1, 1.0940 area is my current main resistance area. As long as we are below this, the overall trend stays bearish.
- Thursday could be a temporarily bullish day, but we should soon be turning down again as soon as some intraday correction is complete.
- The interesting part is that the H4 Cup & Handle is also still valid and therefore there is no 100% guarantee that 1.0940 area will resist. Maybe bulls break above it again. So step by step we must trade according to any sudden shifts in market behavior.
Trade safe and never rush
Focus only on what truly matters!
- #186,837
- Jan 17, 2024 3:54pm Jan 17, 2024 3:54pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"
- #186,839
- Jan 17, 2024 5:09pm Jan 17, 2024 5:09pm
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,566 Posts
Love for all; Hatred for none.
- #186,840
- Jan 17, 2024 5:29pm Jan 17, 2024 5:29pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
Ma 333 H4, (Price held ). {image} Ma 666 D1 (Closed price above). {image} 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...
On the H4 chart, the price is returning to the channel...
At W1, 23.6 Fibo expansion level, price 1.08588 cleared ... below today's battle picture... M1 chart. https://www.forexfactory.com/thread/...5#post14721385
Happy Thursday!
"No pain no gain"