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  • #196,981
  • May 16, 2024 8:18am May 16, 2024 8:18am
Quoting vinesh1
Btw keep an eye on 9am candles everyday. Tell me what u see.
Timezone?
  • #196,982
  • May 16, 2024 8:19am May 16, 2024 8:19am
Quoting Griffinx
{quote} I'm pretty sure bear is over... if not, I am over Cheerss {image}
I just feel like bear has not even started yet. While below 1.0930, this choppy rise is still a correction.

Also, please try to see the potential Cypher forming on D1 which has a completion point around 1.0902-ish levels... That too could boost bears. Let's see...

Best wishes and good luck
Focus only on what truly matters!
  • #196,983
  • May 16, 2024 8:29am May 16, 2024 8:29am
Quoting Ultras
Top of the channel not broken and rejected the price so far {image}
very interesting but I don't think it will go up much, due to the probability of a cut in the EUR
  • #196,984
  • May 16, 2024 8:48am May 16, 2024 8:48am
At least for now... You shall not pass
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  • #196,985
  • May 16, 2024 9:06am May 16, 2024 9:06am
Quoting rehmatkhan00
I told you people that as long as retail traders are bearish, the price will shoot up and the moment they start changing their sentiment to bullishness, the price will either start correction or do complete reversal.
Look like happening now, a day later but let see
  • #196,986
  • May 16, 2024 9:22am May 16, 2024 9:22am
Today the EU may complete its correction then it will resume its upward movement and it can shoot up to 1.0960 to 1.0980 if it does so then it will make a double top on higher timeframe. My advice will be always that Don’t follow fundamentals instead follow price action. And try to avoid smaller timeframe such as 15 minutes and 30 minutes as they are a lot of noise in it which can easily miss lead you.
  • #196,987
  • May 16, 2024 9:25am May 16, 2024 9:25am
Quoting Ultras
{quote} Look like happening now, a day later but let see
Yup today most of retail traders are bullish that’s why it’s doing correction. First I will assume that it will do simple correction before again going up however it may completely reverse to the downside for which I believe chances are not that much.
  • #196,988
  • May 16, 2024 9:27am May 16, 2024 9:27am
Based on H1, I am marking ~1.0872 as nearest resistance area...
Focus only on what truly matters!
  • #196,989
  • May 16, 2024 9:28am May 16, 2024 9:28am
I'm a sniper. buy at 1.0850
  • #196,990
  • May 16, 2024 9:33am May 16, 2024 9:33am
Leadri199
What u think about Sell ? After hunt! in 1.872 Area !
  • #196,991
  • May 16, 2024 9:38am May 16, 2024 9:38am
For now EU is targeting 1.0832 next unless it closes back above 1.0865

1 hour
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Looking for profitable short term trades ...|
  • #196,992
  • May 16, 2024 10:04am May 16, 2024 10:04am
Quoting Insane1375
Leadri199 What u think about Sell ? After hunt! in 1.872 Area !
If I were to look for a sale it would be at 1.0875
  • #196,993
  • May 16, 2024 10:09am May 16, 2024 10:09am
Quoting Leandro199
{quote} If I were to look for a sale it would be at 1.0875
we will see what happen!
  • #196,994
  • May 16, 2024 10:11am May 16, 2024 10:11am
Quoting Leandro199
{quote} If I were to look for a sale it would be at 1.0875
let me see UR Chart Bro
  • #196,995
  • May 16, 2024 11:09am May 16, 2024 11:09am
The latest economic news releases today failed to generate significant bullish sentiment in the market, leading to a decline in EUR/USD to 1.0854. However, it seems that the pair has managed to recover within its current range, suggesting that the bulls may still have some strength to push the price higher.

In the near term, EUR/USD could potentially continue its ascent within the larger uptrend, potentially reaching levels around 1.0900 or even 1.0942. On the flip side, if the shorter-term downtrend persists, the pair may find itself heading towards the support level at 1.0832/12.

Given the absence of major news releases, it's likely that EUR/USD will experience ranging conditions for the time being.

See you tomorrow again, green pips!
Looking for profitable short term trades ...|
  • #196,997
  • May 16, 2024 1:27pm May 16, 2024 1:27pm
Meanwhile, on H1...

  1. Bulls are trying, but unless they keep candles above 1.0871, bears will push to reach 1.0837 area. Let's see which side is more willing*...

*I am currently siding with bears!

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #196,998
  • May 16, 2024 1:33pm May 16, 2024 1:33pm
Quoting Ata-Turkoglu
Meanwhile, on H1... Bulls are trying, but unless they keep candles above 1.0871, bears will push to reach 1.0837 area. Let's see which side is more willing*... *I am currently siding with bears! {image}
I had a strong bear push at 1.08750 & they showed up. They are trying. Idk how long it will last, but if I go by technical, I currently give it to the bears. unless 1.08775 is broken. Which is why they have fought for 1.08750.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #196,999
  • May 16, 2024 2:48pm May 16, 2024 2:48pm
Both bulls and bears seem tired at the moment. Some one give them bears a energy drink.
  • #197,000
  • May 16, 2024 4:17pm May 16, 2024 4:17pm
Based on H4, a fresh bearish breakout has just happened or is happening as we speak..

Now I want bears to protect the circle rim... If they can do that, price then could stay below 1.0898 from here on forwards.. Let's see how it plays out.. Calling it a day... With God's permission, we meet again after London opening..

Peace out..
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Focus only on what truly matters!
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