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  • #3,041
  • Jul 5, 2024 3:33am Jul 5, 2024 3:33am
Quoting ahmerjamil
{quote} EU hasn't had this blue Trendline taped yet, Now its resistance level is sitting around 1.0830/35! H1:{image} Remember: The higher, The better!

1.0850/55 should be a place for selling. Bears should protect bulls at this level. Otherwise, we are gradually going ahead to 1.0880.
  • #3,042
  • Jul 5, 2024 3:42am Jul 5, 2024 3:42am
1 hour chart update. 1.0816 high turned support holded from a drop deeper this morning.
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #3,043
  • Jul 5, 2024 3:52am Jul 5, 2024 3:52am
Quoting ahmerjamil
{quote} Subh'Han Allah Brother, What do you think He is saying ____, Subh'Han Allah No Absolutely not, These are stray peoples, Leave it, I have ignored it Now it can never come in our thread, And important thing, I will also his complaint to Mr. Twee!{image}
thank you very much brother
  • #3,044
  • Jul 5, 2024 4:01am Jul 5, 2024 4:01am
1.0830-40 area should be closely watched as we might see either a deep correction or complete reversal.
  • #3,046
  • Jul 5, 2024 4:45am Jul 5, 2024 4:45am
Quoting rehmatkhan00
{quote} thank you very much brother
Jazak Allah Brother!
Stop Procrastinating
  • #3,047
  • Jul 5, 2024 4:47am Jul 5, 2024 4:47am
Quoting rehmatkhan00
1.0830-40 area should be closely watched as we might see either a deep correction or complete reversal.
1.0830's Still Holds!
Stop Procrastinating
  • #3,048
  • Jul 5, 2024 4:53am Jul 5, 2024 4:53am
EURUSD could fly on a bad NFP number today and watch these expiries they may play a huge role!
Attached Image (click to enlarge)
Click to Enlarge Name: FXO 05-07_id_8c0f37b5-4a2a-4d2c-9d30-42ad5d7a9506_original.jpg Size: 43 KB
Looking for profitable short term trades ...|
  • #3,049
  • Jul 5, 2024 4:59am Jul 5, 2024 4:59am
Quoting ahmerjamil
{quote} 1.0830's Still Holds!
yup and it should hold and later we may see a strong upward or downward movement but I believe first we should see some correction because it is too much overbought now and we haven't seen a bigger correction yet.
  • #3,050
  • Jul 5, 2024 4:59am Jul 5, 2024 4:59am
Good morning guys, happy Friday!

Not sure I'll be trading today but if the DXY rallies to 105.20 (165 points), then I'd expect the EU to retrace to around 1.0805 mark.

Lots of ifs and buts there but should it fall into place, I'll be long the EU to 1.0830 or maybe just less as I don't see that much movement today, perhaps 20pips.

Of course got employment and NFP too ....

Green pips to those out there braving the Friday conditions.
Don't you know that I'm loco ...
  • #3,051
  • Jul 5, 2024 5:02am Jul 5, 2024 5:02am
It is beyond my understanding, Why is it going up? All signals are pointing down...
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Stop Procrastinating
  • #3,052
  • Jul 5, 2024 5:03am Jul 5, 2024 5:03am
Quoting rehmatkhan00
{quote} yup and it should hold and later we may see a strong upward or downward movement but I believe first we should see some correction because it is too much overbought now and we haven't seen a bigger correction yet.
Absolutely right you said, Brother...
Stop Procrastinating
  • #3,053
  • Jul 5, 2024 5:04am Jul 5, 2024 5:04am
Quoting ahmerjamil
It is beyond my understanding, Why is it going up? All signals are pointing down... {image}
Change your timeframe

Mine is "looking" like a retracement ....
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Click to Enlarge Name: screenshot.png Size: 25 KB
Don't you know that I'm loco ...
  • #3,054
  • Jul 5, 2024 5:05am Jul 5, 2024 5:05am
Quoting ahmerjamil
It is beyond my understanding, Why is it going up? All signals are pointing down... {image}
it's due to waves which have to complete their cycle however it looks like it has reached to its top but we need some confirmations.
  • #3,055
  • Jul 5, 2024 5:07am Jul 5, 2024 5:07am
Quoting ahmerjamil
It is beyond my understanding, Why is it going up? All signals are pointing down... {image}
it's because of the bad US data, stocks are indirectly influencing FX
  • #3,056
  • Jul 5, 2024 5:11am Jul 5, 2024 5:11am
Quoting ahmerjamil
It is beyond my understanding, Why is it going up? All signals are pointing down... {image}
Sometimes, markets experience false breakouts or may undergo a period of consolidation before resuming the dominant trend. It's because of position adjustment, these corrections feel they will go on forever, slow and strong, it feels they will touch the sky! Need to be carefull, they can change to bigger trends but most of times not. Using stops and being flexible is the only solution. Like they say the trend is the traders best friend!
Looking for profitable short term trades ...|
  • #3,057
  • Jul 5, 2024 5:14am Jul 5, 2024 5:14am
Quoting RedAllOver
{quote} Change your timeframe {image}
I'm not joking, Read my posts and everything will be understood...
Quoting RedAllOver
{quote}Mine is "looking" like a retracement .... {image}
So what are we talking about here??

Be careful buddy!
Stop Procrastinating
  • #3,058
  • Jul 5, 2024 5:15am Jul 5, 2024 5:15am
Quoting ahmerjamil
It is beyond my understanding, Why is it going up? All signals are pointing down... {image}
yes brother i think after NFP will have a up and then go down to 1.0750-60.
  • #3,059
  • Jul 5, 2024 5:20am Jul 5, 2024 5:20am
Quoting ahmerjamil
{quote} I'm not joking, Read my posts and everything will be understood... {quote} So what are we talking about here?? Be careful buddy!
It was a joke ahmerjamil, chill out.

Look at the red line at the top of my chart.
Don't you know that I'm loco ...
  • #3,060
  • Jul 5, 2024 5:23am Jul 5, 2024 5:23am
Quoting RedAllOver
{quote} It was a joke ahmerjamil, chill out.
If you feel bad, I am really sorry brother, Forgive me!
Stop Procrastinating
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