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  • #1,341
  • Jun 5, 2024 2:00am Jun 5, 2024 2:00am
Significant news coming up: US ADP & US ISM Services PMI

Keep an eye on those support and resistance levels, and watch out for any major moves when the US data hits! Good luck, traders
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Looking for profitable short term trades ...|
  • #1,342
  • Jun 5, 2024 3:25am Jun 5, 2024 3:25am
Eur/Usd range has formed a bearish pattern in the 1H,the pair failed to break the resent high and resulted in breaking the previous low,as for now, before going short, wait for a fib pull back to areas.1.08790 and 1.08809
Also take note of the news ahead, during a reversal,most pairs tend to show false break outs when news are realsed on the opposite site that one holds,this is my own technical analysis,
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  • #1,343
  • Jun 5, 2024 4:02am Jun 5, 2024 4:02am
Quoting ahmerjamil
H4 MACD: Look, Turning point! Let's see, Happens or not... {image}
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Stop Procrastinating
  • #1,344
  • Jun 5, 2024 7:07am Jun 5, 2024 7:07am
There are supports, But no one can stop you, Go bears go!
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Don't worry, I'm joking...
Stop Procrastinating
  • #1,345
  • Edited 7:34am Jun 5, 2024 7:12am | Edited 7:34am
Quoting Js3mwtRc
Significant news coming up: US ADP & US ISM Services PMI Keep an eye on those support and resistance levels, and watch out for any major moves when the US data hits! Good luck, traders {image}
I guess they are going to test 1.0841 this time.
Looking for profitable short term trades ...|
  • #1,346
  • Jun 5, 2024 8:00am Jun 5, 2024 8:00am
lol
  • #1,347
  • Jun 5, 2024 8:14am Jun 5, 2024 8:14am
Quoting Borntosnipe
lol
??
Stop Procrastinating
  • #1,348
  • Jun 5, 2024 8:17am Jun 5, 2024 8:17am
Quoting Js3mwtRc
{quote} I guess they are going to test 1.0841 this time.
They have to get through me first
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #1,349
  • Jun 5, 2024 8:29am Jun 5, 2024 8:29am
Quoting Fxgfitking
{quote} Devono prima contattarmi
Yes looks likes support very strong
I'll Sell when price is heading to Hell
  • #1,350
  • Jun 5, 2024 8:34am Jun 5, 2024 8:34am
Quoting Fxgfitking
{quote} They have to get through me first
Watch, I am sure they can! A strong level is like a wall that if it gets many hits in the end drops.
Looking for profitable short term trades ...|
  • #1,351
  • Jun 5, 2024 8:40am Jun 5, 2024 8:40am
Quoting Js3mwtRc
{quote} Watch, I am sure they can! A strong level is like a wall that if it gets many hits in the end drops.
Yeahh, Absolutely Right!
Stop Procrastinating
  • #1,352
  • Jun 5, 2024 8:45am Jun 5, 2024 8:45am
Quoting ahmerjamil
{quote} Yeahh, Absolutely Right!
Thank you ahmer! I know you like studying.

Here is some more reading which supports my point when you have the time.

A strong level in trading can be compared to a wall that, after taking numerous hits, eventually gives way and collapses.

Much like a physical wall, a strong support or resistance level can only withstand so much pressure before it breaks down. Each time the price action reaches that level and fails to breach it, the wall gets weakened. Eventually, if the number of hits becomes too great, the level will give way, and the price will move beyond it.

Keeping this analogy in mind can be helpful when analyzing charts and making trading decisions. It's crucial to remember that even the strongest levels can be broken, leading to potential trading opportunities.

Looking for profitable short term trades ...|
  • #1,353
  • Jun 5, 2024 12:47pm Jun 5, 2024 12:47pm
Quoting Fxgfitking
Ciao amici e trader di FF (ospite) Mentre facevo trading oggi e ho ricevuto i primi dati alle 8:15 ed era rosso, l'EUR è salito. Come trader stavo pensando ai dati precedenti delle ultime 2 settimane, principalmente per l'USD. Anche i tagli dei tassi da parte della Bce potrebbero avvicinarsi. Qualche settimana fa ho detto che potremmo vedere un livello superiore a 1,08 a causa dei tagli dei tassi in arrivo. La maggior parte all'epoca diceva short a 1,06-1,04. Aveva senso tecnicamente, ma non in generale nel quadro generale. Oggi, quando i dati verdi...
I Always appreciate your insight
I'll Sell when price is heading to Hell
  • #1,354
  • Jun 5, 2024 6:40pm Jun 5, 2024 6:40pm
i like trade setups which complete in seconds and give 20% returns

now since my EA was saying Trade: SHORT , i took it
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  • #1,355
  • Jun 5, 2024 7:47pm Jun 5, 2024 7:47pm
Hye Good morning friends, Hope you all are well!
Quoting Js3mwtRc
{quote} Thank you ahmer! I know you like studying. Here is some more reading which supports my point when you have the time. A strong level in trading can be compared to a wall that, after taking numerous hits, eventually gives way and collapses. Much like a physical wall, a strong support or resistance level can only withstand so much pressure before it breaks down. Each time the price action reaches that level and fails to breach it, the wall gets weakened. Eventually, if the number of hits becomes too great, the level will give way, and the price...
I listen to you with great interest, Your lines!
You keep giving us your time/knowledge Sir, Thank you!
Stop Procrastinating
  • #1,356
  • Jun 5, 2024 7:57pm Jun 5, 2024 7:57pm
M15:
Let's see...
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Stop Procrastinating
  • #1,357
  • Jun 5, 2024 8:05pm Jun 5, 2024 8:05pm
H1: Don't miss my trendlines!
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Stop Procrastinating
  • #1,358
  • Jun 5, 2024 8:09pm Jun 5, 2024 8:09pm
H4:
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Stop Procrastinating
  • #1,359
  • Jun 5, 2024 11:46pm Jun 5, 2024 11:46pm
Quoting ahmerjamil
M15: Let's see... {image}
First TP hit, Now let's look ahead!
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Stop Procrastinating
  • #1,360
  • Jun 6, 2024 12:00am Jun 6, 2024 12:00am
Quoting ahmerjamil
{quote} First TP hit, Now let's look ahead! {image} {image}
Checkpoint! We might see 1.0895 again one more time.
Looking for profitable short term trades ...|
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