New Cable Thread & Other Pairs

Watching for last action for this week , compete for 2740 and may close 102 to 14 pips away . Then 2725/30 to 2750/55 play likely ?

Well boys, a chaotic but blue overall week comes to an end.

Still holding a long from the last drop with TP set to todays high atm and with that I am done for the week, have to admit couldn’t understand this PA initially but just kept buying at support with the current highs as TP and made money lol, admittedly was waiting for 2458, probably next week I guess.

Expected some mad swings one way or the other but wasn’t expecting this whiplash PA, thank god for risk management or could have been bad.

2450 and higher is still in play, todays D1 and W1 candle closure should confirm that, anyway have a great weekend guys. We go again next week!

EUR/USD closed the week on a bearish note, settling below several resistance levels. While we cannot definitively predict a continuing trend, we can utilize the information provided by the candlestick chart to inform our trading strategy.

According to my technical analysis, the uptrend that began at the 1.0777 low is now encountering resistance at the 1.1008 level. The price is consolidating within this range, presenting both bullish and bearish trading opportunities.

Bullish traders can consider the following strategies & etc:

Buying around the current level for the long term and using the 1.0881 low as a stop level and target at 1.1038 or 1.1140

Buying at the 1.0881 low or slightly lower at the 1.0871 broken resistance level, now acting as support.

Entering long positions at the monthly pivot level of 1.0827, should the price dip further.

Bearish traders, on the other hand, should aim to maintain the small bearish trend that started at the 1.1008 level. This can be achieved by selling at resistance levels such as 1.0948 and 1.0981, which are previous highs, and targeting lower levels as desired.

Always remember to consider other market factors, such as fundamental events and sentiment, when devising trading strategies, as they can significantly impact price movements.

Weekly volatility (range) 82 pips

Option expiries for Monday: 1.0830 (EU1.33b), 1.0950 (EU895.9m), 1.0900 (EU741.5m) Source: financialjuice.com

Significant news - US PPI, US CPI, US Retail Sales, US Initial Jobless Claims, US Industrial Production, US Housing Starts Number & University Michigan Sentiment Prelim

Daily

Have a great rest of the weekend!

Last week was uneventful with no major market-moving events, leading to minimal price changes. This week, however, looks far more exciting (except for Monday). I'm maintaining a strong bullish outlook on EUR/USD, targeting 1.1003. Here are the two scenarios I'm considering for the week:
I'm strongly in favor of Scenario #1 until it fails. For me, it fails if we see any daily close below 1.08860, which would then lead us to Scenario 2, targeting 1.08180.

Next week gold very bullish target 2483, I see 2 scenarios, but I'm strongly with scenario #1 until fail, it fails to me when any daily candle close below 2417 which lead us to scenario 2 and target 2386

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There are many prop firm threads. Probably more likely to get an informed response there.

I would work only with the best, so FTMO

EUR/USD is trading below Fridays high on a bearish tone but in a consolidation above 1.0905/08 where a break below will open the way for 1.0900 & 1.0881. Resistance at 1.0931/33 and 1.0945 should hold today unless good news help sentiment. Then 1.0960/63 will be its next upside target.

Daily volatility (range) 38 pips

Option expiries for Monday: 1.0830 (EU1.33b), 1.0950 (EU895.9m), 1.0900 (EU741.5m) Source: financialjuice.com

1 hour

Green pips!

watching for 2776 breaks up in a move test 2800/ 2840. lets see how much it may go

Sell Euro 0920 - 0915
Tp 0881, 0855

Gold, TP before 02451

Bears! Now let's see lower!

so far perfect pa , next breaks and hold 2776 possible til NY open and if any high impact news next !so watching for it ! till them may see-saw play of eurusd against gbpusd while ranging up. anyway 2794 tp can be enough for now , while be just below 2757

They are moving together now, but they are sure going to range before red news!