Attachments: EURUSD only

EURUSD only

#194,241
Apr 9, 2024 6:55am Apr 9, 2024 6:55am

fx6996
Joined Feb 2023 | Status: Trader | 857 Posts

Quoting Polimini

Disliked

back to what's important, are we going to R1 and beyond? or is this it

Ignored

From MY perspective: not much more movement today and most likely halts around 1.0850 until news tomorrow

#194,242
Apr 9, 2024 6:57am Apr 9, 2024 6:57am

Js3mwtRc
Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,428 Posts

Quoting fx6996

Disliked

{quote} While I agree with you on your overall worldview Where I differ: I'm a USD bull - the US economy is bi-polar but the current administration wont stop pumping $ into the economy 2. All fundamental factors point to EU falling but it isn't why I believe too many retail traders r short so MM increase to get stops before the CPI then just like Friday {image} Entered short until tomorrow

Ignored

A more accomodative fed doesn't always make a usd bull, in-fact I think it will not cut but slow down pumping usd in the economy.

Looking for profitable short term trades ...|

#194,243
Apr 9, 2024 6:58am Apr 9, 2024 6:58am

cuchuflito
Joined Nov 2008 | Status: Trader | 2,141 Posts

Quoting ZoeZA

Disliked

I predicted my BUY's carefully, but it seems like I made a racket and woke the bears ups {image}

Ignored

I had an excellent entry but made only a half-decent profit, was expecting it to fly higher. But that was probably just what the algos of the Big Boys wanted me to "believe".
Those machines

are getting smarter by the day,obviously using AI

. If anybody still believes these markets, and especially EURUSD is run my the "market participants" and all that BS about greed and fear.Well, BIG BOYS love you.

Btw. Big Boys could care less about the Fed. They pretty much own it.

#194,244
Apr 9, 2024 7:00am Apr 9, 2024 7:00am

pedro319
| Commercial User | Joined Jul 2013 | 7,881 Posts

This pa indicates that the lows of today will be challenged soon.

We watch the charts from every angle so you don't have to!!

#194,245
Apr 9, 2024 7:04am Apr 9, 2024 7:04am

cuchuflito
Joined Nov 2008 | Status: Trader | 2,141 Posts

Just the EURUSD has close to 1 trillion volume traded per day.
All forex is close to 7.5 trillion.

6 or 7 Banks carry most of that. They work together, guess who does the financing.

(retailer).

#194,246
Apr 9, 2024 7:04am Apr 9, 2024 7:04am

Polimini
Joined Mar 2022 | Status: Trader | 2,458 Posts

Quoting pedro319

Disliked

This pa indicates that the lows of today will be challenged soon.

Ignored

what's a "pa"?

#194,247
Apr 9, 2024 7:05am Apr 9, 2024 7:05am

ahmerjamil
Joined Jan 2024 | Status: #freepalestine | 3,712 Posts

Quoting Js3mwtRc

Disliked

{quote} Seems we'll need that patience!

Ignored

Absolutely, Patience is the very power weapon!

Stop Procrastinating

#194,248
Apr 9, 2024 7:08am Apr 9, 2024 7:08am

fx6996
Joined Feb 2023 | Status: Trader | 857 Posts

Quoting Js3mwtRc

Disliked

{quote} A more accomodative fed doesn't always make a usd bull, in-fact I think it will not cut but slow stop pumping usd in the economy.

Ignored

You are correct sir - too much $$$ in the system causes a country's currency to lose value - that describes the USA FED right?

Well forex isn't THAT simple. WHY? The FED is still unloading junk bonds and getting it's balance sheet lower which affects the equities market

Tomorrow and Thursday will provide the ignition for the next move (down in my opinion) US CPI - if it comes in high then EU drops

We will get a hint tonight when NZD announces a rate decision - any comments about higher inflation will spook markets

#194,249
Apr 9, 2024 7:09am Apr 9, 2024 7:09am

Ironman777
| Joined Jun 2009 | Status: Trader | 253 Posts

Quoting Polimini

Disliked

{quote} what's a "pa"?

Ignored

pa is the guy married to ma

kidding, kidding (price action)

#194,250
Apr 9, 2024 7:09am Apr 9, 2024 7:09am

pedro319
| Commercial User | Joined Jul 2013 | 7,881 Posts

Quoting Polimini

Disliked

{quote} what's a "pa"?

Ignored

Price action, H1 close is the mentioned indication by virtue of Macd signal rejection, let's see if we get another pop.
The candle is also bearish engulfing, so 2 for the price of 1.

We watch the charts from every angle so you don't have to!!

#194,251
Apr 9, 2024 7:10am Apr 9, 2024 7:10am

cuchuflito
Joined Nov 2008 | Status: Trader | 2,141 Posts

EURUSD flying again after all trailing stops have been absorbed.It hardly gets any better (for them

).
I just hope they don´t get so good as to leave no more money on the table, guess if the cow

is milked to death, their game is finished.

#194,252
Apr 9, 2024 7:13am Apr 9, 2024 7:13am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,223 Posts | Online Now

This thing is gunning for 1.0890.

#194,253
Apr 9, 2024 7:16am Apr 9, 2024 7:16am

aljOOker
| Joined May 2022 | Status: Nobody | 93 Posts

if the current H1 close above 1.08676, bulls still in charge.

How much you lose when you are wrong?

#194,254
Apr 9, 2024 7:42am Apr 9, 2024 7:42am

vankola
| Joined Feb 2013 | Status: Trader | 690 Posts

Quoting vankola

Disliked

{quote} IF sellers don't act in next few hours then we are again soon around 88ish and 90ish then back to 86. Time is UP for sellers. {image}

Ignored

Still SITTING ON MY HANDS. 88 is my first sell

#194,255
Apr 9, 2024 7:43am Apr 9, 2024 7:43am

Ultras
Joined Jul 2022 | Status: Trader | 1,405 Posts

Quoting Ultras

Disliked

EURUSD is rising since April 2nd inside the descending channel. Before selling again i'm waiting to see if it goes to previous top and breaks it or not 1.088 levels {image}

Ignored

Price arrived at the previous high