{quote} I love when it drops like that!
the climb is a ladder the descent is a knife
I'll Sell when price is heading to Hell
- #194,302
- Apr 9, 2024 10:12am Apr 9, 2024 10:12am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
The last hour in images{image}
Amazing, mate!
Stop Procrastinating
- #194,303
- Apr 9, 2024 10:17am Apr 9, 2024 10:17am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,510 Posts
Looking for profitable short term trades ...|
- #194,304
- Apr 9, 2024 10:19am Apr 9, 2024 10:19am
- Joined Mar 2010 | Status: Trader | 5,930 Posts
{quote} {image} Now just wait here until mama bear shows u tomorrow ok??
mama wakening @ 1.08413
Forex can only be understood backwards, but it must be traded forwards.
- #194,306
- Apr 9, 2024 10:21am Apr 9, 2024 10:21am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
I'll Sell when price is heading to Hell
- #194,310
- Apr 9, 2024 11:03am Apr 9, 2024 11:03am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,510 Posts
It looks like EUR/USD has been struggling to break through the previous week's high of 1.0876, with the recent attempt to push higher failing at the 1.0884 level. The pair is now trading in a tight range between 1.0860 and 1.0850. The ranging pattern EUR/USD is trading for two days now should continue until tomorrow's US CPI release.
I will be closely watching the CPI data for any signs of a slowdown in inflation, which could potentially impact the Federal Reserve's monetary policy decisions. While a slight moderation in price growth is expected, inflation is still likely to remain well above the Fed's preferred target of 2.0%, which could put downward pressure on EUR/USD.
If the CPI release comes in stronger than expected, we could see EUR/USD drop below the 1.0800 level. However, if the data shows a weaker than expected reading, that could provide a boost to the pair and potentially push it back above the 1.0884 high, with the next target being 1.0900 or higher.
It's important to remember that markets can be unpredictable, and even a seemingly small deviation from expectations can trigger significant price movements.
4 hours
Have a wonderful end of the day!
I will be closely watching the CPI data for any signs of a slowdown in inflation, which could potentially impact the Federal Reserve's monetary policy decisions. While a slight moderation in price growth is expected, inflation is still likely to remain well above the Fed's preferred target of 2.0%, which could put downward pressure on EUR/USD.
If the CPI release comes in stronger than expected, we could see EUR/USD drop below the 1.0800 level. However, if the data shows a weaker than expected reading, that could provide a boost to the pair and potentially push it back above the 1.0884 high, with the next target being 1.0900 or higher.
It's important to remember that markets can be unpredictable, and even a seemingly small deviation from expectations can trigger significant price movements.
4 hours
Have a wonderful end of the day!
Looking for profitable short term trades ...|
- #194,311
- Apr 9, 2024 11:08am Apr 9, 2024 11:08am
- Joined May 2014 | Status: Full Time Trader | 27,290 Posts | Online Now
From here on forwards all we need to watch is 1.0857 until end of this day.
If daily (Tuesday) candle closes above it, bulls are not done and bears must carefully trade mixed!
If it closes below it a deeper correction is on the way so bears can relax!
Best wishes
If daily (Tuesday) candle closes above it, bulls are not done and bears must carefully trade mixed!
If it closes below it a deeper correction is on the way so bears can relax!
Best wishes
Focus only on what truly matters!
- #194,312
- Apr 9, 2024 11:36am Apr 9, 2024 11:36am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Do you have that level too?
{quote} Almost yes...
{quote} Update: 1.0865 to 1.0880
Stop Procrastinating
- #194,314
- Apr 9, 2024 11:42am Apr 9, 2024 11:42am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Stop Procrastinating
The last hour in images
I like the most that Mr. Bear is walking down the halls of King Bullsbeit, in order to go and ask for proper apologies for the disruption in flow he just created but also explained that such move was needed in order to trap some desperate stray bears that needed some lil pips so they could eat so, permission granted.
I'm sticking to my story...
- #194,317
- Apr 9, 2024 12:05pm Apr 9, 2024 12:05pm
- | Commercial User | Joined Jul 2013 | 7,907 Posts
{image} {image} I would like to see both patterns H1 and H4 respectively ,which in turn will form a W&R on D1 confirming bulls are finished.
H4 patterns suggests challenge of the inverted H&S right shoulder, how convenient!! With this domino effect between patterns I don't need to do anything, just wait, at that I am pretty good.
...but these are only THEORIES...
We watch the charts from every angle so you don't have to!!
- #194,319
- Apr 9, 2024 1:02pm Apr 9, 2024 1:02pm
- | Commercial User | Joined Dec 2023 | 2,121 Posts
4 hour close below 1.079 could make a double top pushing pair to 1.07 but let's see I am usually wrong 
