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  • #197,261
  • May 22, 2024 1:21pm May 22, 2024 1:21pm
Quoting Leandro199
what do you think ? {image}
1.079 atleast
  • #197,262
  • May 22, 2024 1:26pm May 22, 2024 1:26pm
Quoting Bloodwish
{quote} 1.079 atleast
Might think about building some buys around 1.079 - 1.08 level will depend on how much liquidity we have built up above. current levels. A lot of liquidity left to grab below though. All this :-)
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  • #197,263
  • May 22, 2024 1:48pm May 22, 2024 1:48pm
Quoting Leandro199
what do you think ? {image}
yeah, you maybe right but it looks like the correction has been almost completed.
  • #197,264
  • May 22, 2024 1:51pm May 22, 2024 1:51pm
Quoting Ata-Turkoglu
It's Cypher Tiiimeee! Based on DAILY, I spotted 2 major Cypher patterns. Nested like those Russian "Matryoshka" dolls For now, I am focusing on the nearby cypher. It should be complete at 1.0901-ish and here we are watching hesitant price action as a result. If this cypher plays out, we should soon see some bearish attacks towards TP1: 1.0785 and maybe also to TP2: 1.0720 (and it can go even deeper if momentum builds up) However, if bulls decide to break above 1.090x resistance, then the larger cypher comes into play. I keep that for later though. No need to explain details about it at this early stage. Long story short: Bears should soon give us some action. I am waiting patiently! {image}
Let's remember what was said 2 days ago: So far, it looks like cypher time is playing out!

*Anticipating TP1 will be complete soon.. From there we can re-check situation. No rush! Step by step!
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Focus only on what truly matters!
  • #197,265
  • May 22, 2024 1:55pm May 22, 2024 1:55pm
Quoting Ata-Turkoglu
{quote} Let's remember what was said 2 days ago: So far, it looks like cypher time is playing out! *Anticipating TP1 will be complete soon.. From there we can re-check situation. No rush! Step by step! {image}
I kinda see a awkward head and shoulder pattern in there as well. Not sure if it has to form perfectly or not to be validated.

Also 2nd shoulder would be around TP2 and 3 previous bounce points that were support.
  • #197,266
  • May 22, 2024 2:02pm May 22, 2024 2:02pm
My first post here in this forum. Found the levels in the higher timeframes and waited a few day to see if there was a signal. It didnt build the momentum for long and i had a clear signal for short on the lower timeframe. Stepped in at 1.08434 at 19:20pm (Amsterdam) and stepped out 21:15pm at 1.08177 with a nice profit. Looks like it will drop further, but iam not too sure about that. I was spot on this time and can search for an other entry, cause it looks like a consolidation. But i call it a day and leave it for now.
  • #197,267
  • May 22, 2024 2:04pm May 22, 2024 2:04pm
Quoting SmallGains
{quote} I kinda see a awkward head and shoulder pattern in there as well. Not sure if it has to form perfectly or not to be validated. Also 2nd shoulder would be around TP2 and 3 previous bounce points that were support.
Maybe... but for now I stick to what I see... Time will tell more soon and we can adapt.. No worries...

Best wishes
Focus only on what truly matters!
  • #197,268
  • May 22, 2024 3:11pm May 22, 2024 3:11pm
At the moment, I am seeing the larger candles moving down, and the smaller candles moving up. To play devil's advocate to my own logic, we are having bearish movement in a bullish market, so I'm cautious because the bulls have won the last month.

Looking at the daily and weekly charts, a fib correction (going back to mid-April) puts us at 1.071, so we aren't close if we did in fact reach the top peak of this run.
  • #197,269
  • May 22, 2024 6:45pm May 22, 2024 6:45pm
Quoting Ata-Turkoglu
{quote} Maybe... but for now I stick to what I see... Time will tell more soon and we can adapt.. No worries... Best wishes
what do you think about News!
expecting Postive Data or Negative??
  • #197,270
  • Edited 8:15pm May 22, 2024 7:45pm | Edited 8:15pm
Quoting PushnPull
Have a look at the chart. Price on daily is in shrinking range, H4 set price in the middle of nowhere neither top or bottom, and for worst H1 show back and forth pa. And major of us retail traders are betting up and down. Thing happen as it should be and the pigs are waiting to be slaughter. My idea for today until Minutes release is to sideline and watch the market. The sentiment is obvious favor the bulls more, but what the hesitation in market movement now to me is the signal of disengage.
As expected from the Minutes release. But there still some room for correction, not ready to load new Long yet. Today PMI may provide some volatility but i think it won't change much when into US session, not to mention some PMI data had been revised higher.
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  • #197,271
  • May 22, 2024 8:04pm May 22, 2024 8:04pm
would be more keen on longs if retail was more short :/
  • #197,272
  • May 22, 2024 8:43pm May 22, 2024 8:43pm
EUR/USD dropped after the FED said that will keep rates up for longer and reached a 1.0817 low. There is a consolidation below 1.0846 resistance with the next upside level at 1.0863. support is at 1.0812/00.

Daily volatility (range) 37 pips

Option expiries for Thursday: 1.0900 (EU1.63b) source: financialjuice.com

Significant news - EU & US PMI'S, US Initial Jobless Claims

15 min
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Green pips!
Looking for profitable short term trades ...|
  • #197,274
  • May 22, 2024 11:47pm May 22, 2024 11:47pm
Coming back to see that my turbo snails fell asleep

Happy crawling day
Focus only on what truly matters!
  • #197,275
  • May 22, 2024 11:50pm May 22, 2024 11:50pm
Quoting Shawi
{quote} what do you think about News! expecting Postive Data or Negative??
News matter for volatility.. What news say is irrelevant for me.. The "charts" are my golden goose!

Best wishes
Focus only on what truly matters!
  • #197,276
  • May 22, 2024 11:58pm May 22, 2024 11:58pm
Quoting andvk74
Is it a FALSE break on the upside as well??? {image}
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  • #197,277
  • May 23, 2024 12:08am May 23, 2024 12:08am
Quoting Ata-Turkoglu
Coming back to see that my turbo snails fell asleep Happy crawling day
  • #197,278
  • May 23, 2024 12:32am May 23, 2024 12:32am
A day like this is a day I go drink some alcohol or take a new gf out
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  • #197,279
  • May 23, 2024 12:34am May 23, 2024 12:34am
Ata you na d real gee
  • #197,280
  • May 23, 2024 12:38am May 23, 2024 12:38am
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