Its all just one persons opinion
- #197,022
- May 17, 2024 6:05am May 17, 2024 6:05am
- Joined May 2014 | Status: Full Time Trader | 27,260 Posts
Focus only on what truly matters!
- #197,024
- May 17, 2024 6:23am May 17, 2024 6:23am
- Joined May 2014 | Status: Full Time Trader | 27,260 Posts
{quote} Water is rising {image}
Focus only on what truly matters!
- #197,025
- May 17, 2024 6:25am May 17, 2024 6:25am
{quote} Look at you vankola.. Seems like we have ourselves another graphic artist.. Nice
Please let me know if it's excessive or annoying.
- #197,027
- May 17, 2024 6:38am May 17, 2024 6:38am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
{quote} Sorry if I bother the forum with my pictures, I'd rather just add a little entertainment to the already boring waiting. Please let me know if it's excessive or annoying.
Actually that one with the bear sneaking behind a tree was great! 
Looking for profitable short term trades ...|
- #197,029
- May 17, 2024 6:48am May 17, 2024 6:48am
- Joined May 2014 | Status: Full Time Trader | 27,260 Posts
{quote} Sorry if I bother the forum with my pictures, I'd rather just add a little entertainment to the already boring waiting. Please let me know if it's excessive or annoying.
Best wishes brother
Focus only on what truly matters!
I'm removing the 38% retraction from my analyses... Testing... 
So don't think it's strange.
In a 4 hour view.
The first retracement point is 50% at 1.0831 but the price took a short break at 1.0836. It's moving sideways in shorter graphic time... Accumulating?...
In another more forced analysis, the price stopped at a 78% retracement and justified the stop at 1.0836, but I don't think it is so relevant to force the next leg upwards.
What could happen is the bear gains a little more strength by violating this falling channel design and then correcting at the 50% Fibonacci (1.0831) with a target of 1.0860/1.0865.
It would be a movement of 30 pips and thus finishing the last movement of the day before the Big Big's leave the screens and go to the beach and ride their ferraris
1 image 15 minutes
2 image 4 hours
So don't think it's strange.
In a 4 hour view.
The first retracement point is 50% at 1.0831 but the price took a short break at 1.0836. It's moving sideways in shorter graphic time... Accumulating?...
In another more forced analysis, the price stopped at a 78% retracement and justified the stop at 1.0836, but I don't think it is so relevant to force the next leg upwards.
What could happen is the bear gains a little more strength by violating this falling channel design and then correcting at the 50% Fibonacci (1.0831) with a target of 1.0860/1.0865.
It would be a movement of 30 pips and thus finishing the last movement of the day before the Big Big's leave the screens and go to the beach and ride their ferraris
1 image 15 minutes
2 image 4 hours
- #197,035
- May 17, 2024 7:57am May 17, 2024 7:57am
{quote} I agree. and yes I was looking at the 4h chart. I think it will test the 1.0825 level between today and Monday. if it hits that level I don't think much beyond the 1.0850-1.0860 level will be hit. then maybe it will test the 1.0895 high and break to the upside next week?
