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  • #197,461
  • May 28, 2024 9:42am May 28, 2024 9:42am
Could be looking at the top which makes sense at the weekly falling TL.

Just looking to the right of chart for trading opportunities.
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As the lights go by so too do the shadows move
  • #197,462
  • May 28, 2024 9:47am May 28, 2024 9:47am
Quoting Js3mwtRc
{quote} Your story brings up an interesting point about the ever-changing nature of market expectations and the influence of central bank policies. Last year, there was a widespread belief that the Federal Reserve would implement several rate cuts, but as the economic landscape has shifted, so have the predictions. This highlights the importance of remaining adaptable and cautious when making investment decisions. As for the G7 countries, it's possible that some central banks might be more aggressive than the Fed in cutting rates, depending on their...
Ah yes, you just remind me about Swiss and Japan. They're really hate what market do. They both want their currency to remain weak, or at least not extreme. Here in Japan, elderly citizens come first.
  • #197,463
  • May 28, 2024 10:05am May 28, 2024 10:05am
Quoting Matts Micro
Could be looking at the top which makes sense at the weekly falling TL. Just looking to the right of chart for trading opportunities. {image}
Aggressive Sell.
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As the lights go by so too do the shadows move
  • #197,464
  • May 28, 2024 10:48am May 28, 2024 10:48am
Quoting bilal1947
EU - keeping long bias for the week {image}
Prev. month/week high is taken, before moving any further, it may retrace to discount so to continue going higher.
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"Exchange of hands"
  • #197,465
  • May 28, 2024 11:08am May 28, 2024 11:08am
Today, the EUR/USD reached a high of 1.0889 but failed to sustain its gains following the release of inflation expectations data that did not inspire bullish sentiment. While the current uptrend remains supported above the week's low of 1.0840, there is potential for the pair to test the 1.0900 level. However, if it fails to gather enough momentum supported by fundamentals, EUR/USD could retrace back towards the 1.0804 level.

I am monitoring upcoming economic releases and market sentiment to gauge the likelihood of a successful breakout above 1.0900 or a reversal towards the downside.

Untill tomorrow again, have a great rest of your trading day with lots of green pips!
Looking for profitable short term trades ...|
  • #197,466
  • May 28, 2024 12:57pm May 28, 2024 12:57pm
Possible rejection candle on Daily. Lets see.
  • #197,467
  • May 28, 2024 1:35pm May 28, 2024 1:35pm
Quoting Matts Micro
Could be looking at the top which makes sense at the weekly falling TL. Just looking to the right of chart for trading opportunities. {image}
I haven't moved the white dashed lines and PA has done as expected, 15m H&S confirming.

Imo order flow appears to be selling the LT top to make the BO topside a FO. This is likely a liquidity push for new LL's. I expect with a break of below the 1.084 zone the sellers will come in hard. It is also a dangerous level for the sellers though for if PA bounces it could confirm the bulls BO.
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As the lights go by so too do the shadows move
  • #197,468
  • May 28, 2024 1:43pm May 28, 2024 1:43pm
H4 Update

Breakout from small blue trendline occurred.

From here on forward it is now all about ~1.0850 area supporting or not. Let's see...
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Focus only on what truly matters!
  • #197,469
  • May 28, 2024 1:45pm May 28, 2024 1:45pm
Shorting this target yesterday's low 1.084
61 on the fib
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  • #197,470
  • May 28, 2024 2:05pm May 28, 2024 2:05pm
Quoting mtako
...Done with the High ! Done with the Low ! Now one step closer ! To where it will finally go ! {image}
Done with the High !
Done with the Low !
Now one step closer !
To where it will finally go !

(after another new high, we know the probability )


Cheers everyone!!, and wishing you a good rest in this end of another successful and tasty Taco Tuesday
Us having the fun of our lives together EVERY Tuesday at minimum:
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,471
  • May 28, 2024 2:54pm May 28, 2024 2:54pm
Quoting Endoephemera
{quote} I read that post of yours and re examined the long term charts; I disagree with your thesis that we are or could be reversing the down trend from 2008. From September 2022 we are in a sharp up retr. to increase the short and take out late short entries (like any other retr.) I don't know what technicals you look at but, IMO, at multiyear level fundamentals dictate direction and the current geopolitical situation also strongly suggests down. Every technical stuff I look at tells me 1.14 max possibly and then the end of the Euro currency and...
I think the whole downward trend started from April, 2008 and completed it five waves correction(sub waves in possible ZigZag correction) in September, 2022. The 1st impulse leg started from September, 2022 and ended in January 2023 then after this we have some Flat correction that completed in October, 2023. Now after this we have again impulse wave. Actually, I use Eliot wave theory for calculation and according to it, EU can shoot up a lot in long term.
  • #197,472
  • May 28, 2024 4:05pm May 28, 2024 4:05pm
Good evening, I hope all is great with you. For tomorrow, I've marked 1.0874 as resistance, and 1.0839 as support. 1H chart;
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  • #197,473
  • May 28, 2024 4:28pm May 28, 2024 4:28pm
Quoting Matts Micro
{quote} I haven't moved the white dashed lines and PA has done as expected, 15m H&S confirming. Imo order flow appears to be selling the LT top to make the BO topside a FO. This is likely a liquidity push for new LL's. I expect with a break of below the 1.084 zone the sellers will come in hard. It is also a dangerous level for the sellers though for if PA bounces it could confirm the bulls BO. {image}
Still looking to the "right"of the chart for my trading plan. Looking to confirm the 15m H&S in the longer term order flow tomorrow.

The Red dashed line is where it will get tricky- whether the bulls will come in hard for a confirmation of the BO.
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As the lights go by so too do the shadows move
  • #197,474
  • Edited May 29, 2024 11:58am May 28, 2024 7:35pm | Edited May 29, 2024 11:58am
Some levels here I'm looking at is 1.083, 1.080 for entering long if bulls react
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  • #197,475
  • May 28, 2024 9:20pm May 28, 2024 9:20pm
Happy Wednesday everyone !

For me, today, the Bull family needs, at minimum, for Mr.Price to stay mostly above Thursday and Friday's high. Just managing this as long as possible would make it much harder for Bear family to take advantage of Yesterday's attack of the month' highs'+determinant 4th-10th of April support, transforming this new high attempt into a failure, into a 6H double top, the confirmation of which would be < .08 action, and which would increase the potential for a new low of the year

Alas, Mr.Price is not <08. Bears might not even have what it takes to get <08 ... so No <.08 Allowed ! And on to the new high !!

For this and for reasons I shared in past posts, bull's still have the upper hand for me

And for scalping and intraday, my little riddle again , just in case one or two of you miss them :

Price now dancing in Ballroom# 0854
>0852 Buy
<0847 Sell


If you haven't yet, I invite you to look at a 6H candle, or candles in a timeframe you haven't explored yet.

Each candle is unique, precious, interesting and beautiful, just like you, just like flowers.

Have a wonderful middle of the week and end of May my dear friends and fellow traders !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,476
  • May 28, 2024 10:10pm May 28, 2024 10:10pm
still bullish from the breakout point
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Profit is on the other side of your mind
  • #197,477
  • May 28, 2024 10:35pm May 28, 2024 10:35pm
EUR/USD dropped to near the low of this week, 1.0840 is critical now as it must hold the bulls from further drop. A rise above 1.0865 first resistance towards 1.0880/89 could be met. In the news German CPI may help but a failure of the release to meet the consensus will break EU with next level of support at 1.0804.

Daily volatility (range) 39 pips

Option expiries for Wednesday: 1.0875 (EU1.47b), 1.0800 (EU1.32b), 1.0890 (EU923.8m) source: financialjuice.com

1 hour
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Green pips!
Looking for profitable short term trades ...|
  • #197,478
  • May 28, 2024 11:03pm May 28, 2024 11:03pm
My friends..... keep it simple. Here is a Bullish scenario. As I mentioned a few days ago if it goes under 1.8200 & bulls can not recover we are aiming for 1.079.

If it continues it's bullish trend I see 1.08250 being tested & if bulls hold, a bounce back to 1.089 or 1.09. However 1.0380 is also a strong support for bulls.

As mentioned this is only my analyses & currently I have no trades open. I am sure by NY session I will have more of a direction. No sleep for me tonight, luckily I enjoy this more than anything in the world lol

As mentioned I have neither a short or long entry currently. Just observing. You're welcome
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #197,479
  • Edited May 29, 2024 1:06am May 28, 2024 11:57pm | Edited May 29, 2024 1:06am
As mtako said if we get a daily close below 1.08
Until then 1.084-5 zone must hold to stay bullish below this level bears start strengthening .
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  • #197,480
  • May 29, 2024 12:11am May 29, 2024 12:11am
Quoting Matts Micro
{quote} Still looking to the "right"of the chart for my trading plan. Looking to confirm the 15m H&S in the longer term order flow tomorrow. The Red dashed line is where it will get tricky- whether the bulls will come in hard for a confirmation of the BO. {image}
TS +25 pips.

Entered long.

Imo the the bears or bulls are decided in this swing. There are signals for the bears to come in hard but it could also be the confirmation for the bulls break out. PA could go lower especially with London not in market yet but the bears need the correction for PA to go anywhere.
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As the lights go by so too do the shadows move
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