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  • #5,801
  • Aug 27, 2024 9:52am Aug 27, 2024 9:52am
Quoting HiKe945ReDX
{quote} what's the range levels ahmer? got any trendlines??
I just sent you a message!
Stop Procrastinating
  • #5,802
  • Aug 27, 2024 10:14am Aug 27, 2024 10:14am
Quoting ahmerjamil
{quote} I just sent you a message!
We have 2 touches with strong bounces at 1.115 price is ranging between 1.115 & 1.117

My bias was bullish for today, but it seems we a bullearish A pullback currently to 1.116 is possible before any further upside or a continuation down.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-08-27_11-12-39.png Size: 23 KB
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,803
  • Aug 27, 2024 10:17am Aug 27, 2024 10:17am
Quoting Fxgfitking
{quote} We have 2 touches with strong bounces at 1.115 price is ranging between 1.115 & 1.117 My bias was bullish for today, but it seems we a bullearish {image}
Of course, bullearish!
Stop Procrastinating
  • #5,804
  • Aug 27, 2024 10:22am Aug 27, 2024 10:22am
Quoting Fxgfitking
{quote} We have 2 touches with strong bounces at 1.115 price is ranging between 1.115 & 1.117 My bias was bullish for today, but it seems we a bullearish A pullback currently to 1.116 is possible before any further upside or a continuation down. {image}
Look H1, If this channel really works, So 1.113 is possible channel support!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-08-27_08-29-32.png Size: 39 KB
Stop Procrastinating
  • #5,805
  • Aug 27, 2024 10:24am Aug 27, 2024 10:24am
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #5,806
  • Aug 27, 2024 10:32am Aug 27, 2024 10:32am
Quoting ahmerjamil
{quote} Look H1, If this channel really works, So 1.113 is possible channel support! {image}
brother the market seems to range for the rest of the life
  • #5,807
  • Aug 27, 2024 10:33am Aug 27, 2024 10:33am
Quoting Fxgfitking
{image}
Bhai Chara on top
  • #5,808
  • Aug 27, 2024 10:39am Aug 27, 2024 10:39am
Quoting rehmatkhan00
{quote} brother the market seems to range for the rest of the life
Seems exactly like that , The EU mostly does this taking one move and then coming back into range again, That's why I say, We should focus more on range trading!
Stop Procrastinating
  • #5,809
  • Aug 27, 2024 10:46am Aug 27, 2024 10:46am
Quoting ahmerjamil
{quote} Seems exactly like that , The EU mostly does this taking one move and then coming back into range again, That's why I say, We should focus more on range trading!
yup we should target 10 or 20 pips if we exceed our limit then we won’t get anything. This annoying ranging might continue for the rest of the week and the bulls seems to be struggling a lot to break even minor resistance at 70
  • #5,810
  • Aug 27, 2024 10:49am Aug 27, 2024 10:49am
Quoting SnowMan121
{quote} Bhai Chara on top
Yes, The EU Bears and Bulls are the brother/sisters/cuzn's/everything , They care for each other!
Stop Procrastinating
  • #5,811
  • Aug 27, 2024 10:55am Aug 27, 2024 10:55am
Quoting rehmatkhan00
{quote} yup we should target 10 or 20 pips if we exceed our limit then we won’t get anything.
10 Or 20 Pips are enough to trade in the EU!
Quoting rehmatkhan00
{quote} This annoying ranging might continue for the rest of the week and the bulls seems to be struggling a lot to break even minor resistance at 70
Maybe, & Yeah It is neither going down nor letting the bull go up!
Stop Procrastinating
  • #5,812
  • Aug 27, 2024 10:57am Aug 27, 2024 10:57am
Quoting ahmerjamil
{quote} Yes, The EU Bears and Bulls are the brother/sisters/cuzn's/everything , They care for each other!
Euro's bears are herbivore. they have settlements with bulls to take turns on small investors.
  • #5,813
  • Aug 27, 2024 11:01am Aug 27, 2024 11:01am
The EUR/USD pair has been trading within a narrow range between 1.1150 and 1.1179 in an uneventful day, with markets seemingly digesting Federal Reserve Chair Jerome Powell's recent testimony. Currently, market sentiment is still supportive of a small, 0.25% rate cut in September, but some investors are likely taking profits or considering entering new long positions, especially those who bought at levels below 1.1000. This consolidation phase could be attributed to uncertainty about whether the pair will continue to rise and break through resistance, potentially reaching a new high, or if it will return to the significant support level at 1.1098.

In the upcoming economic data releases, the US GDP numbers will be closely watched. However, if these figures do not significantly impact the EUR/USD exchange rate or meet the anticipated weekly volatility, traders should then turn their attention to the Personal Consumption Expenditures (PCE) data scheduled for release on Friday. As a key inflation indicator, the PCE numbers may generate substantial market reactions and influence the EUR/USD pair's volatility.

It was great trading with you all, have a great rest of the day!
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  • #5,814
  • Aug 27, 2024 11:08am Aug 27, 2024 11:08am
The market is settling under the previous trendline but is getting pushed as the H1 100MA is right down the price. Hopefully, it will break the support and will come to 1.112-1.1100 for a strong pullback.
  • #5,815
  • Aug 27, 2024 11:09am Aug 27, 2024 11:09am
Quoting vankola
{quote}
vankola My friend, Where are you we all miss youh!
Stop Procrastinating
  • #5,816
  • Aug 27, 2024 11:21am Aug 27, 2024 11:21am
Quoting ahmerjamil
{quote} 10 Or 20 Pips are enough to trade in the EU! {quote} Maybe, & Yeah It is neither going down nor letting the bull go up!
bears are behaving like an annoying girlfriend here
  • #5,817
  • Aug 27, 2024 11:31am Aug 27, 2024 11:31am
Quoting rehmatkhan00
{quote} bears are behaving like an annoying girlfriend here
yeah man, the market is just making love in the middle
  • #5,818
  • Aug 27, 2024 11:41am Aug 27, 2024 11:41am
Quoting HiKe945ReDX
{quote} yeah man, the market is just making love in the middle
yup the price always try to balance itself but sometime it becomes too much annoying.
  • #5,819
  • Aug 27, 2024 11:48am Aug 27, 2024 11:48am
Quoting rehmatkhan00
{quote} yup the price always try to balance itself but sometime it becomes too much annoying.
it is just resulting in no to less movement and a tight range trading eh? EU really had become boring these days
  • #5,820
  • Aug 27, 2024 11:51am Aug 27, 2024 11:51am
Quoting HiKe945ReDX
{quote} it is just resulting in no to less movement and a tight range trading eh? EU really had become boring these days
yup sometime it becomes however look at this 4hr chart, the bulls seems to have made really strong support at level around 1.1150
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