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  • #5,741
  • Aug 26, 2024 9:45am Aug 26, 2024 9:45am
The new 1H Candle's size is really good but the volume is not that good. Let's see if this is a fake push or not
  • #5,742
  • Aug 26, 2024 10:01am Aug 26, 2024 10:01am
Quoting ahmerjamil
{quote} And Right now we have this trendline support, If this also break, So next we have the 1.1122, 1.1115! M15: {image}
Yummy!

M15:
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Stop Procrastinating
  • #5,743
  • Aug 26, 2024 10:12am Aug 26, 2024 10:12am
Middle East tensions are rising (Iran & Israel) and the dollar can gain a strong hold due to this, let's see what will happen as Hizbullah has already attacked ones on this weekend and the US Aircraft carrier is set on the coastal side of Iran for a sudden attack.
  • #5,744
  • Aug 26, 2024 10:30am Aug 26, 2024 10:30am
Quoting Js3mwtRc
1.1150 holding for now but I expect the selling to continue. Maybe an a b c correction to 1.1100.
i'm with you
if not, 1.1221 is a target
I'll Sell when price is heading to Hell
  • #5,745
  • Aug 26, 2024 10:31am Aug 26, 2024 10:31am
Quoting SnowMan121
The new 1H Candle's size is really good but the volume is not that good. Let's see if this is a fake push or not
Please can you explain to us how come this volume is not good
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  • #5,746
  • Aug 26, 2024 10:35am Aug 26, 2024 10:35am
Quoting braintec
{quote} i'm with you if not, 1.1221 is a target
Yes, 1.1189 should hold!
Looking for profitable short term trades ...|
  • #5,747
  • Aug 26, 2024 10:49am Aug 26, 2024 10:49am
EUR/USD experienced a volatile trading session today following the release of better-than-expected US durable goods orders data. The pair was trading near the 1.1165 support level at the time of the announcement, but quickly fell to a low of 1.1150 but it subsequently retraced some of the morning's losses from the 1.1201 resistance level.

At this point, the pair seems to be consolidating without a clear directional bias. Key support levels to watch are 1.1140 and 1.1137, with a break below these levels potentially leading to a further decline towards 1.1100. Resistance is seen at 1.1189 and 1.1201, with the latter being the intraday high. A break above these levels could open the way for a move towards 1.1231.

Traders should exercise caution and monitor price action closely, as the market's response to the positive US data release may continue to influence the pair's movements. It's important to consider risk management strategies, such as setting appropriate stop-loss orders, to protect against potential losses in this volatile environment.

Have a great rest of the day! See you tomorrow again bye!
Looking for profitable short term trades ...|
  • #5,748
  • Aug 26, 2024 10:51am Aug 26, 2024 10:51am
Quoting rehmatkhan00
{quote} Please can you explain to us how come this volume is not good {image}
The volume bar was at half the size of the previous volume bar, it gained size in the last 5-10 minutes.
  • #5,749
  • Aug 26, 2024 11:06am Aug 26, 2024 11:06am
Quoting SnowMan121
{quote} The volume bar was at half the size of the previous volume bar, it gained size in the last 5-10 minutes.
I think volume bar is considered when a candle is closed and the next candle is bear which seems to have lower volume than bull one. Anyway I am expecting the correction might have finished by now if it’s done then we might see a break and retest of 1.1200 by tomorrow In Sha Allah.
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  • #5,750
  • Aug 26, 2024 11:39am Aug 26, 2024 11:39am
Quoting rehmatkhan00
{quote} I think volume bar is considered when a candle is closed and the next candle is bear which seems to have lower volume than bull one. Anyway I am expecting the correction might have finished by now if it’s done then we might see a break and retest of 1.1200 by tomorrow In Sha Allah. {image}
In Sha Allah
Stop Procrastinating
  • #5,751
  • Aug 26, 2024 1:07pm Aug 26, 2024 1:07pm
Quoting imjoshbrown
{quote} Watch out for the stop hunts! Don't hop in too early. 1.11589 is a key stop-loss zone against longs. Edit: I'm trading now that what I pedrciveve as a stop-hunt low has ended. Asia session swung, but maintained a tight, 24-pip range. End of Asia, we see a point of control, 1.11890. Euro session saw a break of Asia's low (maroon) in a 'test' then pulled back and continued to consolidate for a short time inside the range. Mid-Europe, we see a distinct break of the range (Yellow), in a second swing low, straight to the 1.11739 stop hunt line....
Update:
Still holding long! Possibility of a correction is possible, stops in place in case!
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Discouragement is the language of the devil. Results over hype.
  • #5,752
  • Aug 26, 2024 3:17pm Aug 26, 2024 3:17pm
From what I am seeing we should target 1.1145 & possibly 1.11250

Today low is 1.11504 & high 1.12024

Next support is 1.1145

H4 Support of 1.1174 did not hold as of now.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,753
  • Aug 26, 2024 3:53pm Aug 26, 2024 3:53pm
Also want to point out that support 1.11594 seems to a strong support. We will see what Tokyo Session decides to do!!
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,754
  • Aug 26, 2024 4:06pm Aug 26, 2024 4:06pm
Quoting Fxgfitking
From what I am seeing we should target 1.1145 & possibly 1.11250 Today low is 1.11504 & high 1.12024 Next support is 1.1145 H4 Support of 1.1174 did not hold as of now. {image}
Nice analysis brother, let's see if support can hold the price tomorrow. The only thing that is affecting prices right now is tension in the middle east between Iran and Israel. If they do strike each other then the euro will fall and can come to around 1.1100 or even 1.100 if selling pressure is higher.
  • #5,755
  • Aug 26, 2024 4:13pm Aug 26, 2024 4:13pm
Quoting SnowMan121
{quote} Nice analysis brother, let's see if support can hold the price tomorrow. The only thing that is affecting prices right now is tension in the middle east between Iran and Israel. If they do strike each other then the euro will fall and can come to around 1.1100 or even 1.100 if selling pressure is higher.
I agree! Asia may target 1.11823 or go towards. 1.1145 so we shall see!

1.1165 is the closest resistance. This needs to break then 1.1174 resistance. It is completely possible before more down tomorrow. I am out for now keeping an eye & waiting for later time for my spreads to drop.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,756
  • Edited 4:55pm Aug 26, 2024 4:33pm | Edited 4:55pm
Goodluck In Today's Market Day!!
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,757
  • Aug 26, 2024 4:56pm Aug 26, 2024 4:56pm
Quoting Fxgfitking
{quote} I agree! Asia may target 1.11823 or go towards. 1.1145 so we shall see! 1.1165 is the closest resistance. This needs to break then 1.1174 resistance. It is completely possible before more down tomorrow. I am out for now keeping an eye out & waiting for a later time for my spreads to drop.
Yes, you are right. But I hope the market will make a good correction in this last week or the first week of September to get ready for a strong response to the Fed's Rate Cut decision. Otherwise, if the market is above 1.123 I don't think it will go much higher as it is already high, and retail investors can get liquidated because of the opposite reaction.

As EurUSD is already on the long-term buy side, if it comes around 1.9500 or 1.1000 before the news, we can see a strong bull run for weeks.
  • #5,758
  • Aug 26, 2024 10:34pm Aug 26, 2024 10:34pm
EUR/USD consolidated above 1.1150 yesterdays low after it dropped from 1.1201 high on strong dollar. The downside could continue to trade towards 1.1140/1.1137 or lower to 1.1100 but the pair must stay below 1.1189 and 1.1201 resistance levels for that. A rise above the resistance zone will open the way for 1.1231.

Daily volatility (range) 49 pips

Option expiries for Tuesday: 1.1150 (EU1.29b), 1.1050 (EU1.05b), 1.1100 (EU1b) Source: financialjuice.com

1 hour
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Green pips!
Looking for profitable short term trades ...|
  • #5,759
  • Aug 26, 2024 10:50pm Aug 26, 2024 10:50pm
I'm not sure if it's set but 1.1165 has been tested a lot during Asia & we are still above it. This will determine Upswing to retest highs or Down to retest lows. The trend being bullish, I am thinking Long, but it's 50/50 so we just have to see if 1.1165 continues to hold. It's being pushed hard currently.

1 Hour Left On H4 Candle Currently Inverted Hammer
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,760
  • Aug 26, 2024 11:06pm Aug 26, 2024 11:06pm
Here I evaluated M30 support & we can see a small curve settling into support & curving up from support. Could face resistance at 1.117 - 1.118

If 1.1165 does not hold look for 1.1145 target and then 1.11225.

Long Targets - 1.1178, 1.1182, 1.12+
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
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