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  • #197,561
  • May 29, 2024 3:57pm May 29, 2024 3:57pm
this vision of mine,
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  • #197,562
  • May 29, 2024 3:59pm May 29, 2024 3:59pm
I shared this 2 weeks ago... Now, the bigger Cypher still has to wait as I told earlier..

The smaller Cypher is currently playing out and its TP1: 1.0785 is almost achieved. But if you look at this strong momentum candle, we could anticipate that bears want to reach for TP2: 1.0720 area. So I stick to bears until momentum fades. No rush!
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Focus only on what truly matters!
  • #197,563
  • May 29, 2024 3:59pm May 29, 2024 3:59pm
Quoting AIR7
It just passed the support from last week without any resistance, bearish it is in my opinion. Almost no technical analyses needed. The news can be intresting as far as i know. Lets see where it goes. Correct me if iam wrong about this, always willing to learn new things. ;-)
Cheers AIR7!

I'd say you are right on many levels
I'd also say that it always depends on what you are trying to get out of a movement.
Many buyers from here are aiming for 100+pips and scalping, many bears also, but even more for 25pips from here and many are just trailing, so depends..
for some sellers, it is until this bear momentum is challenged to a certain point according to their strategy, and same goes for buyers on the larger scale

Put short, for me it is bullish and bearish at all times. If I ask is it bullish or bearish, I must therefore add a precision: for how much time, moooooney, pips or tacos, !?

just like Tom Cruise in that movie(click image to see the neck money dance)...
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,564
  • May 29, 2024 4:10pm May 29, 2024 4:10pm
Good evening, I hope you are well. For tomorrow, I have 1.0816 as resistance, and 1.0787 as support. 1H chart;
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  • #197,565
  • May 29, 2024 4:11pm May 29, 2024 4:11pm
Quoting mtako
{quote}Cheers AIR7! I'd say you are right on many levels I'd also say that it always depends on what you are trying to get out of a movement. Many buyers from here are aiming for 100+pips and scalping, many bears also, but even more for 25pips from here and many are just trailing, so depends.. for some sellers, it is until this bear momentum is challenged to a certain point according to their strategy, and same goes for buyers on the larger scale Put short, for me it is bullish and bearish at all times. If I ask is it bullish or bearish, I must...
I agree with Taco for some like me sell for others buy
There for I’m selling because of the channel down and the day candle of yesterday .
We can see how price reacts 1.088 50% Fibo
This is my point of view .
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Scalping
  • #197,566
  • May 29, 2024 4:43pm May 29, 2024 4:43pm
Quoting guguxpto
{quote} I agree with Taco for some like me sell for others buy There for I’m selling because of the channel down and the day candle of yesterday . We can see how price reacts 1.088 50% Fibo This is my point of view . {image}
I like your view mate, longer-term. In such choppiness at that scale, there are even more determinant levels to judge from, so sometimes it helps to zoom out even more and focus on opposite of our current bias, and/or focus a little more on the smaller timeframes, like I have been mostly doing these weeks. Also, I find that larger scale outlook such as the one mentioned above must not be underestimated. I also, as shared, am influenced by underlying and even longer-term dynamics, but coupled with where price is reacting to at this moment, it goes well with swing longs also.

We cannot always trade from many perspectives, so we much choose responsibly, according to our research and our means.

Now, choppiness/sideways/Ranging Heaven science states :
Quoting mtako
...Done with the High ! Done with the Low ! Now one step closer ! To where it will finally go ! {image}
Quoting mtako
Done with the High ! Done with the Low ! Now one step closer ! To where it will finally go !...
so...Done with the Low! Done with the ...(coming soon to a theatre near you)

Speaking of science, this has sometimes been so true throughout my life
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,567
  • May 29, 2024 5:24pm May 29, 2024 5:24pm
If it makes sense you'll lose money currently Only L's I've taken recently are the ones that "made sense"

Goodluck these next 24 hours. I'm keeping an eye on Tokyo session to then make a move in London.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #197,568
  • May 29, 2024 5:43pm May 29, 2024 5:43pm
Quoting Fxgfitking
If it makes sense you'll lose money currently Only L's I've taken recently are the ones that "made sense" Goodluck these next 24 hours. I'm keeping an eye on Tokyo session to then make a move in London. {image}
Yes! Fxgfitking will buy with me(if Ms.AsiaTheBear behaves)!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,569
  • May 29, 2024 6:02pm May 29, 2024 6:02pm
Buy stop 0804 SL3TP900
Buy stop 0803 SL4TP800
Buy stop 0802 SL5TP700
Buy stop 0801 SL6TP600
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,570
  • May 29, 2024 6:15pm May 29, 2024 6:15pm
Quoting vas124
Diamond pattern starting January 2023, weekly descending channel {image}
This! Usually goes in and comes out from the same direction on the higher time frames.
  • #197,571
  • May 29, 2024 6:25pm May 29, 2024 6:25pm
Quoting mtako
...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 ! {image}
Quoting mtako
.. Price now sliding around 0814 >0812 Buy <0807 Sell {image}
Price now 0800
>0800 Buy
<0795 Sell



P.S Good Morning Asia !!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,572
  • May 29, 2024 9:51pm May 29, 2024 9:51pm
Good Morning !

Buy stop 0803 SL3TP900
Buy stop 0802 SL4TP800
Buy stop 0801 SL5TP700
Buy stop 0800 SL6TP600
Buy stop 0799 SL7TP500
Buy stop 0798 SL8TP400
Buy stop 0797 SL9TP300
Buy stop 0796 SL3TP1200
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #197,573
  • May 29, 2024 9:57pm May 29, 2024 9:57pm
Quoting mtako
Good Morning ! Buy stop 0803 SL3TP900 Buy stop 0802 SL4TP800 Buy stop 0801 SL5TP700 Buy stop 0800 SL6TP600 Buy stop 0799 SL7TP500 Buy stop 0798 SL8TP400 Buy stop 0797 SL9TP300 Buy stop 0796 SL3TP1200 {image}
Good morning the price is still moving downward if the price closes below 1.0760 then it will change the market sentiment from bull to bear and for now there two important points from where the price can reverse first is 1.0795 and the second is 1.0783.
  • #197,574
  • May 29, 2024 10:28pm May 29, 2024 10:28pm
Quoting rehmatkhan00
{quote} Good morning the price is still moving downward if the price closes below 1.0760 then it will change the market sentiment from bull to bear and for now there two important points from where the price can reverse first is 1.0795 and the second is 1.0783.
What about weekly fvg (1.0804-1.0790) price will move upwards if it makes some upward fvg on lower time frame
  • #197,575
  • May 29, 2024 10:40pm May 29, 2024 10:40pm
EUR/USD dropped below 1.0800 after many days above it (12 days). Now this move should extend lower but we might first see a correction towards 1.0829 and if the bulls fail to beat that resistance then we'll see it lower but that is just one scenario. EU may find hard to rise above 1.0804 or some more to 1.0817 and drop harder to test 1.0750. More levels below should harden the bears, one of these is the 200 daily sma which sits at 1.0785 this hour of writing. I wish you a great trading day ahead!

Daily volatility (range) 42 pips

Option expiries for Thursday: 1.0850 (EU1.54b), 1.0825 (EU1.48b) source: financialjuice.com

Significant news - US GDP & US Initial Jobless Claims

1 hour
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Looking for profitable short term trades ...|
  • #197,576
  • May 30, 2024 12:14am May 30, 2024 12:14am
The pair, which tested 1.0895 during the week, has been declining for the past two days and dropped below 1.0895 during the Asian session last night. Whether it can rise above 1.0805 again during the day will be important. If it remains below this level, movements in favor of the dollar may continue. The economic growth data from the US will be quite significant.
  • #197,577
  • May 30, 2024 12:59am May 30, 2024 12:59am
Quoting Sam011
{quote} What about weekly fvg (1.0804-1.0790) price will move upwards if it makes some upward fvg on lower time frame
I don't know about FVG at weekly but at higher timeframe this is really important level and price can reverse from here so watch it closely.
  • #197,578
  • May 30, 2024 1:02am May 30, 2024 1:02am
Quoting Endoephemera
{quote} Well, I was wrong, yesterday it broke the previous low. It looks like the down trend from March is resuming. Target 1.04 and lower PS. Now it's all about entering short. Look at the previous few months... any 25 PiPs up retr. is good enough to go short. Wherever you enter, size the position so as to endure an up retr. of just over 100 PiPs
You may be right but we should wait for high impact news in New York session which can reverse the price from the current support area.
  • #197,579
  • May 30, 2024 1:11am May 30, 2024 1:11am
61.8% Retracement Done?
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My Charts / Ideas Do Not Constitute Any Advice. Always Do Your Own Research
  • #197,580
  • Edited 2:28am May 30, 2024 2:15am | Edited 2:28am
Quick DAILY Outlook

  1. To keep it fairly simple: 1.0785 area is now the place where we have to check if bears are willing to storm lower or not.
  2. If they do, we can continue lower into the VOID area. If not, a bounce up to 1.0835 levels could happen and from there we must re-check further. Because 1.0835 area could turn into very strong resistance.
  3. Overall, it is still the process of a temporary "bearish correction" and the overall bull trend might continue, BUT when looking at yesterday's red MOFU candle, sell momentum is still strong and based on that, if bears can break below 1.0785 area, this process can change drastically. Therefore, we have to stay alert. Remember: We always must go step by step.

Best wishes

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Focus only on what truly matters!
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