I opened sell position now too @ 1.07280
- #188,942
- Feb 14, 2024 8:19am Feb 14, 2024 8:19am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} I will be very surprised if 1.0740 does not get retested!! Fx Bible "Retesting of broken support which turns into resistance, is very common" Chp 11 vs 5
Stop Procrastinating
- #188,943
- Feb 14, 2024 8:30am Feb 14, 2024 8:30am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
{quote} Simple words: Demand to supply & Supply to demand!
Regarding the shorts, be sensible, if you see upward acceleration don't bother, if you don't see reaction to the levels leave it.
If those levels get blown out then we know it is not intraday business but something more sinister
.There will be more tomorrow.
We watch the charts from every angle so you don't have to!!
- #188,945
- Feb 14, 2024 8:32am Feb 14, 2024 8:32am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Now I know you have been reading the book!
Stop Procrastinating
- #188,946
- Feb 14, 2024 8:34am Feb 14, 2024 8:34am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
I’m going to buy when it comes back to 1.0725
It wasn't fun but it was easy and simple!!
(Disclaimer: not for everybody) We watch the charts from every angle so you don't have to!!
- #188,948
- Feb 14, 2024 8:41am Feb 14, 2024 8:41am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on H1, I'm marking (1.0737) (1.0763) as resistance!
Let's see!
Good luck for all of us!
Let's see!
Good luck for all of us!
Stop Procrastinating
- #188,949
- Feb 14, 2024 8:44am Feb 14, 2024 8:44am
{quote} I am glad I doubled up, now 40 is 80!!
it would be nice if it came down to 1.0720. Using short stops is so nice
- #188,950
- Feb 14, 2024 8:44am Feb 14, 2024 8:44am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
Based on H1, I'm marking (1.0737) (1.0763) as resistance! Let's see!
{quote} yeah I made as much today from a mini swing
We watch the charts from every angle so you don't have to!!
- #188,952
- Feb 14, 2024 8:54am Feb 14, 2024 8:54am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} We only need faith in Fx mythology and the book to interpret the divine signs!!
Stop Procrastinating
- #188,953
- Feb 14, 2024 8:56am Feb 14, 2024 8:56am
- | Joined Mar 2022 | Status: Trader | 1,093 Posts
crazy,skillful and patient day 
Based on weekly 1.0801 area was resistance and now 1.0692 area is support. Can't get any simpler why buying dips is logical...{image}
- #188,955
- Feb 14, 2024 9:02am Feb 14, 2024 9:02am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts
Focus only on what truly matters!
- #188,956
- Feb 14, 2024 9:09am Feb 14, 2024 9:09am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
First resistance 1.0738-42 Second is intraday confluence 1.0762-70 I will short both with a 10 pips Sl. Target for any shorts is 1.0669. I don't wan't anyone to be deprived of sl and tps.
All the info you need is here.
Good luck.
We watch the charts from every angle so you don't have to!!
- #188,957
- Edited 11:09am Feb 14, 2024 9:09am | Edited 11:09am
- Joined Sep 2017 | Status: Trader | 11,269 Posts | Online Now
- #188,958
- Feb 14, 2024 9:12am Feb 14, 2024 9:12am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
EU was quiet today after almost 100 pips drop 
yesterday on bad news about prices - higher for longer rates and dropped some pips to 1.0695 only to retrace them all up after EU GDP numbers showed no change in forecasts, strange the 0% GDP isn't something to be proud about! 
Tomorrow we'll get higher volatility for sure and EU may retrace more of the drop, or break lower to its final target - 1.0643 assuming that nothing else hits the market except US retail sales and some other news that are programed to be released.
More of a technical perspective, 1.0741 and 1.0755 are levels that it may stop before it continue doing what it started - move little higher to end the correction, or stop and return to test 1.0695 one more time. Also there is a possibility that this is not a correction and maybe the start of a new leg up towards 1.0805 first!
Whatever it happens be sure that you use the right money management and risk no more than less of what you target.
From me it was a great pleasure chatting with you, have a wonderful rest of your day!
yesterday on bad news about prices - higher for longer rates and dropped some pips to 1.0695 only to retrace them all up after EU GDP numbers showed no change in forecasts, strange the 0% GDP isn't something to be proud about! Tomorrow we'll get higher volatility for sure and EU may retrace more of the drop, or break lower to its final target - 1.0643 assuming that nothing else hits the market except US retail sales and some other news that are programed to be released.
More of a technical perspective, 1.0741 and 1.0755 are levels that it may stop before it continue doing what it started - move little higher to end the correction, or stop and return to test 1.0695 one more time.
Also there is a possibility that this is not a correction and maybe the start of a new leg up towards 1.0805 first!Whatever it happens be sure that you use the right money management and risk no more than less of what you target.
From me it was a great pleasure chatting with you, have a wonderful rest of your day!
Looking for profitable short term trades ...|
what a good past 2 days. I have a sell limit at 1.0740 just in case. If it stays above 1.0725 during Asia it could get to 1.0750 during london 