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The Swamp

  • #117,501
  • May 24, 2024 9:49pm May 24, 2024 9:49pm
Quoting Avir
{quote} 1.0805 was yesterday's support 1
Its been the 4h trend stop since May 16.
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  • #117,502
  • May 24, 2024 10:16pm May 24, 2024 10:16pm
Quoting gatorinla
{image} If 0841 and 0835 were not below 0852. In normal week. Closing below 0852 is usually bearish. I just drew a tl for a little confluence. PA high is near adr. So it may not rise much now. The attraction to 0824 is not working. Even so The week closes the first 4 days was lower. Friday unknown atm. Why it bounced at 0805 is debatable. I think it may be a multiple of reasons. It happen to be my 4h dynamic trend.
Not a single h close above 0852.6. The high was adr. If the qpp at 0841, and the mid at 0835.5 was closed below. If not for that, I would favor shorts since it closed below 0852.6. .0852 is just a smaller number. The ypp is still 0918, 0805 is a 4h trend. The day one is much larger is ironically 100 pips higher 0905.7. 0855x is the mid between them. Near today's high.
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  • #117,503
  • May 27, 2024 5:01am May 27, 2024 5:01am
looks like we will have a clear run till 1.0877.
  • #117,504
  • May 27, 2024 5:10am May 27, 2024 5:10am
The 12 h closed below 0852 and 0849.9. i get a sell signal at 0867.. With a normal attraction to 0846. I cant buy with that 12h close. Its hard to sell this close to 46.
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  • #117,505
  • May 27, 2024 5:19am May 27, 2024 5:19am
Quoting giveachance
looks like we will have a clear run till 1.0877.
London and USA off can run on lower volume. One has to be on the right side. That 12h close below 0849.9 has me in fear of longs, after Friday closed below 0852. I fear shorting into 0841 35 also.
those who can, do. those who cant, talk about those who can
  • #117,506
  • May 27, 2024 5:22am May 27, 2024 5:22am
On a normal day i would wait for 0846+ spread.. Out early for 10
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  • #117,507
  • May 27, 2024 5:44am May 27, 2024 5:44am
Quoting gatorinla
{quote} London and USA off can run on lower volume. One has to be on the right side. That 12h close below 0849.9 has me in fear of longs, after Friday closed below 0852. I fear shorting into 0841 35 also.
yes it is choppy in this area. if 1.0844 is gone direction is clear we will head to the downside. so for the longs my stop is 1.0844
  • #117,508
  • May 27, 2024 7:10am May 27, 2024 7:10am
Quoting gatorinla
On a normal day i would wait for 0846+ spread.. Out early for 10
It would of made it.
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  • #117,509
  • May 27, 2024 7:12am May 27, 2024 7:12am
Quoting gatorinla
{quote} London and USA off can run on lower volume. One has to be on the right side. That 12h close below 0849.9 has me in fear of longs, after Friday closed below 0852. I fear shorting into 0841 35 also.
.
those who can, do. those who cant, talk about those who can
  • #117,510
  • May 27, 2024 7:17am May 27, 2024 7:17am
Quoting giveachance
{quote} yes it is choppy in this area. if 1.0844 is gone direction is clear we will head to the downside. so for the longs my stop is 1.0844
that is a sudden fall. for now 1.0844 is holding but I dont have much hopes
  • #117,511
  • May 27, 2024 7:27am May 27, 2024 7:27am
Quoting gatorinla
The 12 h closed below 0852 and 0849.9. i get a sell signal at 0867.. With a normal attraction to 0846. I cant buy with that 12h close. Its hard to sell this close to 46.
If 0849.9 becomes R, It may end up bearish. With a big "if". If it can get below 0835.6 and 0841. It did close the week day and 12h below 0852, and 0849.9. If it can do a run. 0811 may end up a decent Support to become resistance.. It (0811) and 0894 have a midpoint at 0852.6
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  • #117,512
  • May 27, 2024 7:31am May 27, 2024 7:31am
Quoting giveachance
{quote} that is a sudden fall. for now 1.0844 is holding but I dont have much hopes
The first 4h and 8h close after the 12h close is next h.
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  • #117,513
  • May 27, 2024 7:33am May 27, 2024 7:33am
in all probabilities 1.0765 may be opened up if we start trending below 1.082x
  • #117,514
  • May 27, 2024 8:03am May 27, 2024 8:03am
Quoting giveachance
in all probabilities 1.0765 may be opened up if we start trending below 1.082x
The banks are closed. So it may not mean a lot. The 8h just closed below 0849.9. But that is still above 0841 and 35.. It looks like at least 41 gets a test. I can't go beyond those much more than a adr. Until pa starts closing below them.. 0811 0805 .. 790
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  • #117,515
  • May 27, 2024 8:09am May 27, 2024 8:09am
4h R
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  • #117,516
  • May 27, 2024 8:11am May 27, 2024 8:11am
Quoting gatorinla
{quote} If 0849.9 becomes R, It may end up bearish. With a big "if". If it can get below 0835.6 and 0841. It did close the week day and 12h below 0852, and 0849.9. If it can do a run. 0811 may end up a decent Support to become resistance.. It (0811) and 0894 have a midpoint at 0852.6 {image}
Add the last 8 and 4h.
The 6h closes in 2 hs
0841 should be tested

0835 has a good chance. The upside to 0846 today is about 21 pips. 21 pips below is 0825
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  • #117,517
  • May 27, 2024 3:59pm May 27, 2024 3:59pm
Watching these tonight + for ping pong. After the holiday, ir could take a day or 2 to move normal. A slip of 15 pips possible. Reward side about 60. A possible 1-4 Risk to reward potential. One needs to zoom in a smaller time frame get the better entry. A better entry will tighten the slip. GBP
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  • #117,518
  • May 27, 2024 4:10pm May 27, 2024 4:10pm
The eu closed above 0852. That does surprize me. I find it unusual not to have fallen after the Friday close below 0852. A bank holiday didnt help. Since it didnt. 0893 may open. It can resist It can support when closed above also
I'm very cautious with the situation at 0835 41 52.
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  • #117,519
  • May 27, 2024 11:57pm May 27, 2024 11:57pm
I got a 1h short signal at 0880. I will not take it. possible tp 0858x
I'm trying to wait for 089x+
those who can, do. those who cant, talk about those who can
  • #117,520
  • May 28, 2024 1:23am May 28, 2024 1:23am
Today's Support & Resistance on MT5 Templates

EURO
CABLE
GOLD

https://www.forexfactory.com/thread/...8#post14881198
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