Not bad about 50 pips rise from support. Now we gonna approach the resistance may get a reaction from the bears for a quick scalp trade
- #196,502
- May 9, 2024 10:56am May 9, 2024 10:56am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,475 Posts
Todays rise of EUR/USD from its daily lows can be attributed to various factors. Although the market's reaction to the US Initial Jobless Claims was anticipated, the pair's behaviour during the weekly release was somewhat atypical. The impact of the previous Friday's NFP data may have contributed to the price action as well.
However, the bulls demonstrated a strong momentum today that seems poised to last, given that EUR/USD remains above the weekly pivot at 1.0740. This resilience could present an opportunity for the bulls to drive the pair even higher, potentially reaching 1.0812/30.
For now I expect a retrace if not a continuation higher for the London close.
See you again tomorrow, it was another one great day to trade with you all, thanks!
However, the bulls demonstrated a strong momentum today that seems poised to last, given that EUR/USD remains above the weekly pivot at 1.0740. This resilience could present an opportunity for the bulls to drive the pair even higher, potentially reaching 1.0812/30.
For now I expect a retrace if not a continuation higher for the London close.
See you again tomorrow, it was another one great day to trade with you all, thanks!
Looking for profitable short term trades ...|
- #196,503
- May 9, 2024 11:07am May 9, 2024 11:07am
- Joined Jan 2021 | Status: Trader | 2,622 Posts
4hr candle needs to be closed above 1.0780 and then it should be followed by another candle to officially reclaim its 1.08 level. I have been waiting for it since yesterday and hoping that it will do it In Sha Allah.
Patience pays off
Even it does not do for now, still I will end up in some profit.
Patience pays off
Even it does not do for now, still I will end up in some profit.
- #196,504
- May 9, 2024 11:29am May 9, 2024 11:29am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #196,506
- May 9, 2024 2:29pm May 9, 2024 2:29pm
{quote}Very well done mate !!!! It personally took me years to get at break-even consistently !!! At the time, I consistently thought that I was failing. But things couldn't have been more false!! Actually, my results were getting better! My skills, research and experience grew into the regular changes made to my strategies and, in return, the returns got gradually better and, even better, got smootherI appreciated your share just as much but, yes, the best is always to share...
Look at me 10 years or more testing until I get there .
Stay strong man in a few years you will look back and it was e just a bad day .
Scalping
- #196,507
- May 9, 2024 2:37pm May 9, 2024 2:37pm
- | Joined Apr 2024 | Status: Trader | 378 Posts | Online Now
4hr candle needs to be closed above 1.0780 and then it should be followed by another candle to officially reclaim its 1.08 level. I have been waiting for it since yesterday and hoping that it will do it In Sha Allah. Patience pays off
Consistency is key
Soo what's next plan it's time to strategize our next moves. Reflect on recent trades, set clear goals, stay disciplined, and support each other along the way. Let's keep learning, adapting, and aiming for success together!
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #196,510
- May 9, 2024 4:07pm May 9, 2024 4:07pm
- Joined Feb 2024 | Status: Trader | 1,036 Posts | Online Now
- #196,513
- May 9, 2024 5:24pm May 9, 2024 5:24pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #196,514
- May 9, 2024 7:18pm May 9, 2024 7:18pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,031 Posts
Patience, Emotion Control and Discipline.
- #196,515
- May 9, 2024 10:35pm May 9, 2024 10:35pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,475 Posts
EUR/USD consolidated its gains after it advanced to a 1.0785 high at Asia looking to move above for 1.0800 and 1.0812 highs, some resistance around may delay or drop it down to 1.0740/50 for a bullish test.
Daily volatility (range) 38 pips
Option expiries for today: 1.0825 (EU1.09b), 1.0900 (EU1.02b), 1.0600 (EU987.8m) source: financialjuice.com
Significant news - University Michigan Sentiment Prelim
1 hour
Green pips!
Daily volatility (range) 38 pips
Option expiries for today: 1.0825 (EU1.09b), 1.0900 (EU1.02b), 1.0600 (EU987.8m) source: financialjuice.com
Significant news - University Michigan Sentiment Prelim
1 hour
Green pips!
Looking for profitable short term trades ...|
- #196,517
- May 9, 2024 11:49pm May 9, 2024 11:49pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,475 Posts
is this good entry{image}
Looking for profitable short term trades ...|
- #196,518
- May 10, 2024 12:00am May 10, 2024 12:00am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
I believe we may be in a sell area
ex nihilo
- #196,519
- May 10, 2024 12:06am May 10, 2024 12:06am
Soo what's next plan it's time to strategize our next moves. Reflect on recent trades, set clear goals, stay disciplined, and support each other along the way. Let's keep learning, adapting, and aiming for success together!
I believe we may be in a sell area
