Focus only on what truly matters!
- #195,241
- Apr 19, 2024 8:57am Apr 19, 2024 8:57am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
- #195,244
- Apr 19, 2024 9:26am Apr 19, 2024 9:26am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
Looking for profitable short term trades ...|
- #195,245
- Apr 19, 2024 9:35am Apr 19, 2024 9:35am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
Looking for profitable short term trades ...|
- #195,246
- Apr 19, 2024 9:36am Apr 19, 2024 9:36am
Meanwhile, on H4... Since 1.0623 area is still supportive, I am continuing to wait for bulls to reach anticipated target (~1.0710) per Magnetic lines. But for that we need a tiny breakout through dotted trendline: ~1.0652... Let's see... Happy Friday to all{image}
- #195,247
- Apr 19, 2024 9:39am Apr 19, 2024 9:39am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
{quote} please share the link to the forum that was explaining magnetic lines/targets. I couldn't find it. Thank you
My simplified version and with my additional explanations: https://www.forexfactory.com/thread/...-explained-faq
I hope it helps..
Focus only on what truly matters!
- #195,252
- Apr 19, 2024 10:24am Apr 19, 2024 10:24am
1.0690-1.07 is not off the table yet but chances are getting smaller by the hour... Overall im still bearish... just want to finish this long setup, clearly didnt go as planned{image}
Don't follow my trades. Challenge my Analysis!
- #195,253
- Apr 19, 2024 10:25am Apr 19, 2024 10:25am
- | Joined Mar 2022 | Status: Trader | 1,093 Posts
To me we are going down 
- #195,254
- Apr 19, 2024 10:37am Apr 19, 2024 10:37am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
ex nihilo
- #195,258
- Apr 19, 2024 11:00am Apr 19, 2024 11:00am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
The geopolitical events surrounding Israel and Iran have certainly caused some volatility in the market, despite the lack of significant news on the economic calendar.
It's understandable that traders are cautious and concerned about potential further losses. The support levels I have mentioned 1.0600, 1.0643, and 1.0610, are crucial in preventing a more significant drop to the 1.0516 level.
At the same time, there's a possibility that we may see the EUR/USD climb towards 1.0700 or even higher before continuing the downtrend.
It's essential to stay vigilant and keep an eye out for any new developments over the weekend, as they could have a significant impact on the price action.
It was great discussing EUR/USD with you. Have a fantastic weekend yourself, and good luck with your trading endeavors!
The best view comes after the hardest climb.
It's understandable that traders are cautious and concerned about potential further losses. The support levels I have mentioned 1.0600, 1.0643, and 1.0610, are crucial in preventing a more significant drop to the 1.0516 level.
At the same time, there's a possibility that we may see the EUR/USD climb towards 1.0700 or even higher before continuing the downtrend.
It's essential to stay vigilant and keep an eye out for any new developments over the weekend, as they could have a significant impact on the price action.
It was great discussing EUR/USD with you. Have a fantastic weekend yourself, and good luck with your trading endeavors!
The best view comes after the hardest climb.
Looking for profitable short term trades ...|
