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New Cable Thread & Other Pairs

  • #7,881
  • Jul 23, 2024 5:07am Jul 23, 2024 5:07am
Quoting pedro319
{quote} Market does have to go higher to finish it's business, it could be with pullback down first. Let's see. I may even buy more.
Dixie at some resistance, 104400 but I believe the next stop is 104600 as you mentioned, and the momentum is still with the Dollar,
'In the clearing stands a boxer And a fighter by his trade..'
  • #7,882
  • Jul 23, 2024 5:14am Jul 23, 2024 5:14am
Quoting GOR
{quote} Dixie at some resistance, 104400 but I believe the next stop is 104600 as you mentioned, and the momentum is still with the Dollar,
Gold is politics atm at least for me, I don't even look at Dixie to trade Gold.
H4 Bfly sell
Aligned with H4 fib ret levels and we have thrust down as well on H4.
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We watch the charts from every angle so you don't have to!!
  • #7,883
  • Edited 6:00am Jul 23, 2024 5:24am | Edited 6:00am
Quoting pedro319
{quote} Probably leg down and another up before collapse.
In an ideal world in my view, Gold should drop to around 3258 first, then retrace to the 38.2 Fib and then finally bottom around 2300. It will be interesting to see what develops.
Observation is the path to discovery.
  • #7,884
  • Jul 23, 2024 5:28am Jul 23, 2024 5:28am
Quoting Alorente
{quote} In an ideal world in my view, Gold should drop to around 3259 first, then retrace to touch the Weekly Pivot at 2426 and the 38.2 Fib at 2422 and then finally bottom around 2300. It will be interesting to see what develops.
Maybe, I just think the first leg down is too deep, I agree with the rest of the story!
We watch the charts from every angle so you don't have to!!
  • #7,885
  • Jul 23, 2024 5:39am Jul 23, 2024 5:39am
Quoting pedro319
{quote} Maybe, I just think the first leg down is too deep, I agree with the rest of the story!
You are probably right. I just took the 125 pips from the previous fast drops of the triple top and applied it to this move. The level I got for the TP is also good support.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #7,886
  • Jul 23, 2024 5:39am Jul 23, 2024 5:39am
Quoting pedro319
{quote} Gold is politics atm at least for me, I don't even look at Dixie to trade Gold. H4 Bfly sell Aligned with H4 fib ret levels and we have thrust down as well on H4. {image}
London was good to me today,
In Gold I try to learn from the best!
Still hoping this webinar will happen,
Gold 30M, valid?
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'In the clearing stands a boxer And a fighter by his trade..'
  • #7,887
  • Jul 23, 2024 5:40am Jul 23, 2024 5:40am
Quoting GOR
{quote} London was good to me today, In Gold I try to learn from the best! Still hoping this webinar will happen, Gold 30M, valid? {image}
Stick to the one I posted, the H4.
We watch the charts from every angle so you don't have to!!
  • #7,888
  • Jul 23, 2024 5:48am Jul 23, 2024 5:48am
Quoting pedro319
{quote} Gold is politics atm at least for me, I don't even look at Dixie to trade Gold. H4 Bfly sell Aligned with H4 fib ret levels and we have thrust down as well on H4. {image}
This butterfly makes sense because it would also take care of touching the weekly pivot at 2426.
Observation is the path to discovery.
  • #7,889
  • Jul 23, 2024 5:50am Jul 23, 2024 5:50am
Quoting Alorente
{quote} This butterfly makes sense because it would also take care of touching the weekly pivot at 2426.
I only post the ones which make sense, nevermind the others.
We watch the charts from every angle so you don't have to!!
  • #7,890
  • Jul 23, 2024 5:54am Jul 23, 2024 5:54am
Quoting pedro319
{quote} Stick to the one I posted, the H4.
Sure, but until then, as a scalper taking out 5R is not bad at all,
'In the clearing stands a boxer And a fighter by his trade..'
  • #7,891
  • Jul 23, 2024 6:05am Jul 23, 2024 6:05am
They are killing EUR off lol. Its on 4hr chart now touching the 100EMA. I think ill look for a long soon. Hopefully some kind of bounce will happen.
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  • #7,892
  • Jul 23, 2024 6:12am Jul 23, 2024 6:12am
Quoting SmallGains
They are killing EUR off lol. Its on 4hr chart now touching the 100EMA. I think ill look for a long soon. Hopefully some kind of bounce will happen. {image}
Not saying this will happen but these look like similar runs.
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  • #7,893
  • Jul 23, 2024 6:16am Jul 23, 2024 6:16am
Quoting pedro319
{quote} Gold is politics atm at least for me, I don't even look at Dixie to trade Gold. H4 Bfly sell Aligned with H4 fib ret levels and we have thrust down as well on H4. {image}
Hi Pedro

Do you just trade Bfly's or do you consider gartleys, bats etc?
  • #7,894
  • Jul 23, 2024 6:20am Jul 23, 2024 6:20am
Quoting Thtpro
{quote} Hi Pedro Do you just trade Bfly's or do you consider gartleys, bats etc?
I trade all harmonic and classic patterns as long they fit with the HTF's support and resistance.
We watch the charts from every angle so you don't have to!!
  • #7,895
  • Jul 23, 2024 6:33am Jul 23, 2024 6:33am
Quoting pedro319
{quote} I trade all harmonic and classic patterns as long they fit with the HTF's support and resistance.
Noted - Thanks for the reply

Plan on revisiting them later on in the year
  • #7,896
  • Jul 23, 2024 6:35am Jul 23, 2024 6:35am
I have 2397 XAU & 1.0847 EUR keeping an eye for a possible bounce of those. EUR could go 1.0845 - 1.08410 , but I'm thinking this drop will bounce back to 1.089 if data supports it for a bounce + a possible retest of 1.089 if it breaks it can retest the highs. Either that or Gold or EUR just keep dropping, but I would be surprised with all the DRAMA behind the USD currently lol
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #7,897
  • Jul 23, 2024 8:03am Jul 23, 2024 8:03am
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Observation is the path to discovery.
  • #7,898
  • Jul 23, 2024 8:07am Jul 23, 2024 8:07am
Quoting Alorente
{image}
Just a H&S play?
  • #7,899
  • Jul 23, 2024 8:10am Jul 23, 2024 8:10am
Quoting SmallGains
{quote} Just a H&S play?
Itīs possible...
Observation is the path to discovery.
  • #7,900
  • Jul 23, 2024 8:45am Jul 23, 2024 8:45am
The strengthening of the US dollar today has resulted in EUR/USD breaking below the crucial support zone of 1.0871/60, pushing the pair towards a new daily low of 1.0843. Currently, EUR/USD is trading within a range between the broken support zone and the daily low.

Further bearish pressure could break the 1.0840 level, opening the way for a potential move towards the 1.0808/00 region. However, if the market sentiment reverses and turns bullish, the pair may encounter initial resistance at 1.0902 before potentially advancing higher, particularly if supported by favorable news or economic data releases like, EU & US Services PMI'S & US New Home Sales that will come out tomorrow!

Thanks for liking my posts, it is a pleasure sharing my analysis with all. Happy trading! See you tomorrow again, bye!
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