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  • #187,961
  • Feb 4, 2024 11:40pm Feb 4, 2024 11:40pm
Greetings, I hope you guys enjoyed your weekend.
Its beyond doubt that bears have upper hand as I have been saying for weeks.
Today just established another sign of a bearish upper hand by taking out the lows of last week.
That being said, are we going to get pullbacks? Yes of course, but the main direction is down .

To this effect, I have a sell limit @ 1.08219
Sl and tp 50pips.

Good luck
Risk comes from not knowing what to do
  • #187,962
  • Feb 5, 2024 12:25am Feb 5, 2024 12:25am
H1!
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Stop Procrastinating
  • #187,963
  • Feb 5, 2024 12:39am Feb 5, 2024 12:39am
Quick H4 Outlook

Good morning folks...

For today, I am focusing on ~1.0766 area support. As long as price doesn't violate 1.0725 the cup and handle is still valid and I would expect a bullish rally later on. BUT nothing for sure yet, so it is best to watch if mentioned support area really works. Time will tell...

Happy trading week to all
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Focus only on what truly matters!
  • #187,964
  • Feb 5, 2024 12:49am Feb 5, 2024 12:49am
Quoting Ziemowit
{quote} hi, this megaphone still valid?
Still valid.
You can also use the H4 channel chart for better visualisation (longs and shorts best R:R).
At least you know where to place stops.
I won't be trying anymore longs (with any significant size) if the line breaks.
Good luck.
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We watch the charts from every angle so you don't have to!!
  • #187,965
  • Feb 5, 2024 1:26am Feb 5, 2024 1:26am
Quoting pedro319
{quote} Still valid. You can also use the H4 channel chart for better visualisation (longs and shorts best R:R). At least you know where to place stops. I won't be trying anymore longs (with any significant size) if the line breaks. Good luck. {image}
have something similiar on my chart, good r/r to long
Patience, Emotion Control and Discipline.
  • #187,966
  • Feb 5, 2024 3:06am Feb 5, 2024 3:06am
The price breaks the last 2 days' low. Now I am looking for retracement to the previous day's low or around 1.0800. Possible target 1.07500
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Dreams don't work unless you do
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  • #187,967
  • Feb 5, 2024 3:28am Feb 5, 2024 3:28am
Next support if this one fails.
1.0751 and 34. Tight stops (5-7 pips)
We watch the charts from every angle so you don't have to!!
  • #187,968
  • Feb 5, 2024 4:01am Feb 5, 2024 4:01am
Agree to the support level 1.0751 in the short run
RilaForexer
  • #187,969
  • Feb 5, 2024 4:04am Feb 5, 2024 4:04am
Quoting pedro319
Next support if this one fails. 1.0751 and 34. Tight stops (5-7 pips)
Closed trades on the back of descending channel (good while it lasted) with small losses.
Next, 1.0751-44 and 34, The lower the bigger orders I will enter.
Not risking more than 10% from last week's profits
We watch the charts from every angle so you don't have to!!
  • #187,970
  • Feb 5, 2024 4:08am Feb 5, 2024 4:08am
Bear All Day
Holy Betting Grail strategy
  • #187,971
  • Feb 5, 2024 4:14am Feb 5, 2024 4:14am
Quoting fxcontest
Bear All Day
Great! I can only buy if it goes down.
We watch the charts from every angle so you don't have to!!
  • #187,972
  • Feb 5, 2024 4:16am Feb 5, 2024 4:16am
Quoting pedro319
{quote} Great! I can only buy if it goes down.
I am With You!
Stop Procrastinating
  • #187,973
  • Feb 5, 2024 4:16am Feb 5, 2024 4:16am
The price is now trapped inside 1.0765 - 1.0745 and a violation of any of these lead to the next bullish or bearish targets - 1.0887 and 1.0724.

1 hour
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Looking for profitable short term trades ...|
  • #187,974
  • Feb 5, 2024 4:22am Feb 5, 2024 4:22am
Quoting johncen
{quote} have something similiar on my chart, good r/r to long
no response from the bull yet, sideline
Patience, Emotion Control and Discipline.
  • #187,975
  • Feb 5, 2024 4:24am Feb 5, 2024 4:24am
Quoting pedro319
{quote} Great! I can only buy if it goes down.
Are you still on the Bull side? Im not so convinced anymore.
Don't follow my trades. Challenge my Analysis!
  • #187,976
  • Feb 5, 2024 4:26am Feb 5, 2024 4:26am
Quoting johncen
{quote} no response from the bull yet, sideline
It is also!
Stop Procrastinating
  • #187,977
  • Feb 5, 2024 4:27am Feb 5, 2024 4:27am
Quoting Brainafk
{quote} Are you still on the Bull side? Im not so convinced anymore.
I am not convinced either, all tfs apart from M1 are bearish.
I just think we will get bounce and R:R is the best.
We watch the charts from every angle so you don't have to!!
  • #187,978
  • Feb 5, 2024 4:46am Feb 5, 2024 4:46am
Stop set to breakeven.
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  • #187,979
  • Feb 5, 2024 4:48am Feb 5, 2024 4:48am
Quoting fxcontest
Bear All Day
Only Daytrading, Buy if reversal, maybe at NY
Holy Betting Grail strategy
  • #187,980
  • Feb 5, 2024 5:20am Feb 5, 2024 5:20am
Out of my sell. Looking to enter again.
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