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  • #196,961
  • May 16, 2024 5:30am May 16, 2024 5:30am
Quoting Js3mwtRc
EUR/USD continued the rise towards 1.0900 to a high of 1.0895 in Asia and is consolidating now waiting for the next move that should take it to the next target at 1.0942 if it manage to rise and stay above 1.0900. Support is seen at 1.0865 and 1.0832. Daily volatility (range) 38 pips Option expiries for Thursday: 1.0750 (EU2.27b), 1.0875 (EU 1.09b) source: financialjuice.com Significant news - US Initial Jobless Claims, US Housing Starts & US Industrial Production. Daily {image} 1 hour {image}
Sticky price action between the daily pivot, 1.0865 and 1.0875 option expiry level. News should help it decide next if it stays above the pivot I wait at least for the high of the range at 1.0895, not much but it may continue higher to fill 38 pips (my daily range). A drop below should find more support at 1.0832 or some pips lower.
Looking for profitable short term trades ...|
  • #196,962
  • May 16, 2024 6:04am May 16, 2024 6:04am
Some bears are playing softball.. No bull action yet... Let's pepper it up boys...
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #196,963
  • May 16, 2024 6:07am May 16, 2024 6:07am
Quoting Ata-Turkoglu
Some bears are playing softball.. No bull action yet... Let's pepper it up boys... {image}
They will arrive at 1.083 level imo
  • #196,964
  • May 16, 2024 6:13am May 16, 2024 6:13am
Quoting vinesh1
{quote} They will arrive at 1.083 level imo
If bears can keep it below 1.0877 there is a chance, yes... Waiting
Focus only on what truly matters!
  • #196,965
  • May 16, 2024 6:40am May 16, 2024 6:40am
Quoting vinesh1
{quote} They will arrive at 1.083 level imo
81 is on the cards
  • #196,966
  • May 16, 2024 6:52am May 16, 2024 6:52am
Maybe they will leak the news just like they did with CPI. Still blows my mind that CPI was leaked and robber bankers have access to analysts at dept of labor. Unbelievable.
  • #196,967
  • May 16, 2024 7:04am May 16, 2024 7:04am
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www.forexlive.com/Orders/
  • #196,968
  • May 16, 2024 7:14am May 16, 2024 7:14am
Quoting Ata-Turkoglu
{quote} If bears can keep it below 1.0877 there is a chance, yes... Waiting
I'm pretty sure bear is over... if not, I am over
Cheerss
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  • #196,969
  • May 16, 2024 7:15am May 16, 2024 7:15am
Quoting vinesh1
Maybe they will leak the news just like they did with CPI. Still blows my mind that CPI was leaked and robber bankers have access to analysts at dept of labor. Unbelievable.
Just another day in the game we play where odds are not in our favor. Pretty sure thats a regular occurrence.
  • #196,970
  • May 16, 2024 7:23am May 16, 2024 7:23am
Good morning EurUsd Family.
We almost didn't reach 1.0900, right? We'll still get there.
However, today's news is approaching and the price is in a region that makes me very uncomfortable as it is right in the center of the upward channel that I drew.
In a larger context in the 4 hour view. The price is in the Gaza Strip, between 61.8% and 78.6% Fibonacci. However, I still believe that the price will reach exactly there (1.0900).
In 5 Minutes it is already possible to observe a Divergence in the MACD in which I drew an arc. So it may already be indicating the direction the price will be taking, but with this amount of news I don't know what could happen.
Fasten your seatbelts, prepare some popcorn and let's take off, I just don't know if it's to the sky or the center of the earth.
(1) 4 hour image
(2) Image 1 hour
(3) 5 minute image
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  • #196,971
  • Edited 8:24am May 16, 2024 7:39am | Edited 8:24am
Basically this weeks data provided has had no consistent effect. I would be better off sticking to technical for now. New data does not make me feel comfortable to sell the EUR with the upward trajectory its been on. I sold at 1.0925 & took profit at 1.08675. If we go by technical I have H4 1.85 & 1.82 as possible bounce backs. Major trend change resistance at 1.0748
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #196,972
  • May 16, 2024 7:48am May 16, 2024 7:48am
Can We Look FOr Sell ?
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  • #196,973
  • May 16, 2024 7:50am May 16, 2024 7:50am
Quoting Griffinx
{quote} I'm pretty sure bear is over... if not, I am over Cheerss {image}
keep an eye on this DXY level
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  • #196,974
  • May 16, 2024 8:05am May 16, 2024 8:05am
Quoting SmallGains
sorry can you explain price inefficiency? Think it means a type of retrace
This non-efficient price of the tradable items occurs when a recent event/news or speculation of an event/news renders the market with lesser or higher price of the securities or the tradable items compared with the actual or fair value. Volume enters the market and price shoots through and leaves a gap on the chart which on a later stage gets filled to a certain point to give institutional traders the opportunity to enter the market at this fair price or it never retraces to this gap, which we call a breakaway gap. Some people know this price inefficiency by FVG(fair value gap).

Quoting SmallGains
EURUSD making new highs but DXY not making new lows?

It's ok DXY your trash lol go ahead and free fall.
When we are watching EURUSD compared to DXY we normally know that the lower lows of the DXY should be the higher highs of the EURUSD. And reverse when DXY makes higher highs EURUSD should be making lower lows. If this doesn't occur and we see that for example DXY is making higher highs but EURUSD fails to make lower lows then the EURUSD Is becoming stronger and it holds it's positions against the dollar. If this happens in a larger time period we will see a possible reversal move on price.
GMT(+3)
  • #196,975
  • May 16, 2024 8:07am May 16, 2024 8:07am
Top of the channel not broken and rejected the price so far
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  • #196,976
  • May 16, 2024 8:09am May 16, 2024 8:09am
Quoting Walz
{image} www.forexlive.com/Orders/
Keep positing this. It's helpful
  • #196,977
  • Edited 11:33am May 16, 2024 8:11am | Edited 11:33am
Quoting profits7
{quote} ______________ hi Ata = {image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #196,978
  • May 16, 2024 8:12am May 16, 2024 8:12am
Prepare for the next move up!
Possible tatrget around 1.09400
Perfection is the enemy of good enough!
  • #196,979
  • May 16, 2024 8:12am May 16, 2024 8:12am
Btw keep an eye on 9am candles everyday. Tell me what u see.
  • #196,980
  • May 16, 2024 8:13am May 16, 2024 8:13am
-7 pips. I confess that I thought it would go up but with this "mixed" news I preferred to close the position straight away.
I'll wait until 1.0849 to see what I'll do... Maybe, the last operation of the day because otherwise, daily stop reached haha
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