New Cable Thread & Other Pairs

Sorry for that, just busy right now

https://www.forexfactory.com/thread/...5#post14958265

Bounce exaggerated , so waiting for breakout down .

The release of US Initial Jobless Claims today led to a strengthening of the US dollar and Treasury Yields. In response, EUR/USD dipped below the key 1.0900 level, reaching a low of 1.0881 before recovering above the psychological threshold. For now, range-bound trading with a slight bearish bias is expected between the daily high of 1.0945 and the low of 1.0881.

It is essential to consider that bulls may have been anticipating this dip as an opportunity to target higher levels, such as 1.1008 or even 1.1038 in larger timeframes. However, there remains a possibility that we have already witnessed a high at 1.1008. In this scenario, a retest of the 1.0800 or 1.0777 levels could be in play.

With the Federal Reserve considering more rate cuts starting in September, buyers are likely to make efforts to maintain the current levels, making dip-buying a potentially attractive strategy. As always, traders should remain vigilant and adjust their strategies according to market conditions and upcoming news events.

Have a great rest of your trading day with much green pips!

1h GOLD

Hi Pedro

is this what we are talking the now extensions meet 50% daily fibo it should come down a little bit

thanks Pedro

The bounce was much more expected , just over 2708 to now level . But still nothing enough to any reversal.need more bottom effects , May even retest confirmation bear level 2672 again . Now upside may 3765/73 plus ok. Weekly close now important , not think possible close above 3808 but close below about 2740 may stay neutral and will difficult for next week for successful reversal attempt! . Let's see next day what happen !

EUR/USD recovered but is ranging below 1.0933 resistance and 1.0945 yesterdays high after a drop from US news at the 1.0881 low. The fact that the price closed above 1.0893 broken support gives some hope to the bulls but it will need something more for this market to go up and turn bullish again which we might take it next week (see US CPI). For now caution with trending strategies is needed.

Daily volatility (range) 49 pips

Option expiries for Friday: 1.0900 (EU2.87b), 1.1100 (EU832.4m), 1.0800 (EU754.3m) Source: financialjuice.com

1 hour

Green pips!

Now pa , take care

1.2760 and the daily trendline looks a good place for shorts! Also 0.382% fibo confluence from the 1.2300 to 1.3045 rise.

Closed all gold longs except one (always like one for the WTF moment).....entered shorts,

Me too!

I'm not sure it's right to close the longs in gold, the dollar is showing weakness and not recovering,
And while the geopolitical situation seems to have calmed down temporarily, when Iran is afraid to openly attack and completely set the Middle East on fire, is this exactly the time that the big players like to get in early? Or do you think otherwise?