Another "clean" but yet powerful chart to explain why I say the things I say{image}
Daily Chart Trader - Appreciate time to work
- #195,583
- Apr 25, 2024 9:26am Apr 25, 2024 9:26am
- Joined May 2014 | Status: Full Time Trader | 27,100 Posts | Online Now
Just saying hi to the group! I've been reading this thread for weeks, but just created a profile. Lot's of talented people on here with some brilliant chart markups. Ata, your guidance on this thread is great! Enough sucking up...I hope you all are meeting your trading goals. I'll keep it focused on the pair at hand moving forward.
Focus only on what truly matters!
- #195,585
- Apr 25, 2024 9:38am Apr 25, 2024 9:38am
- Joined May 2014 | Status: Full Time Trader | 27,100 Posts | Online Now
For the near term now my question is: Can bears overpower bulls by locking price below 1.0712? Let's see... *Hush hush! Don't sleep! This is my way of hinting that I will next try to sell 1.0712 area!
Focus only on what truly matters!
- #195,591
- Apr 25, 2024 9:50am Apr 25, 2024 9:50am
- Joined May 2014 | Status: Full Time Trader | 27,100 Posts | Online Now
Focus only on what truly matters!
- #195,592
- Apr 25, 2024 9:56am Apr 25, 2024 9:56am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,425 Posts
Looking for profitable short term trades ...|
- #195,593
- Apr 25, 2024 9:59am Apr 25, 2024 9:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,425 Posts
{quote} M15: In my view!{image}
Looking for profitable short term trades ...|
- #195,594
- Apr 25, 2024 10:06am Apr 25, 2024 10:06am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Nice... I covered all orders in profit with this rise... I would be surprised if this goes higher than let's say 1.0725 max! because 1.0712 is really strong resistance in my overall view! Let's see...
Yes, I know... Off topic, but I couldnīt resist mentioning it.
Observation is the path to discovery.
- #195,595
- Apr 25, 2024 10:11am Apr 25, 2024 10:11am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Ahmer very accurate, well done!
Stop Procrastinating
- #195,596
- Apr 25, 2024 10:15am Apr 25, 2024 10:15am
- Joined Feb 2024 | Status: Trader | 1,034 Posts
sold at 1.72 region a trip tops of sorts on 15min. target around 1.710 area
and playing ping pong. Price going play ping pong keeping traders guessing. Banker gone to lunch
- #195,599
- Apr 25, 2024 10:33am Apr 25, 2024 10:33am
- Joined Jul 2022 | Status: Trader | 1,405 Posts
Hello all, red channel and resistance rejected the price going more up, so far. I opened SELL @1.0720, mental SL above the spike. 3H Chart {image}
- #195,600
- Apr 25, 2024 10:59am Apr 25, 2024 10:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,425 Posts
EUR/USD advanced to 1.0740 following the release of US GDP Q1 results, which indicated a slowing US economy. However, profit taking and selling orders pushed it down to 1.0680 support before consolidating above 1.0700.
Tomorrow's release of the US PCE numbers is likely to impact EUR/USD's price action. If the data indicates sticky prices, it could support a more hawkish stance from the Federal Reserve at their next meeting, potentially exerting downward pressure on EUR/USD. However, a significant miss below estimates might cause the pair to rise towards the next important level.
Keep in mind that market reactions to economic data can be unpredictable, so maintaining proper risk management is crucial.
Daily
Have a great rest of the day!
Tomorrow's release of the US PCE numbers is likely to impact EUR/USD's price action. If the data indicates sticky prices, it could support a more hawkish stance from the Federal Reserve at their next meeting, potentially exerting downward pressure on EUR/USD. However, a significant miss below estimates might cause the pair to rise towards the next important level.
Keep in mind that market reactions to economic data can be unpredictable, so maintaining proper risk management is crucial.
Daily
Have a great rest of the day!
Looking for profitable short term trades ...|