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EURUSD only

  • #201,361
  • Aug 28, 2024 1:20am Aug 28, 2024 1:20am
Quoting fxtimur
EURUSD surged last weekend with a bullish candlestick, perhaps due to Powell's dovish speech, but now the gains appear to be fading and the RSI is showing overbought levels. {image}
not just only that price is actually showing a bearish divergence on RSI divergence.
  • #201,362
  • Aug 28, 2024 3:08am Aug 28, 2024 3:08am
Sell hard!!!!!!! I'am selling like a noob!
  • #201,363
  • Aug 28, 2024 3:38am Aug 28, 2024 3:38am
Meanwhile, on H1...

Wishy-washy bears are trying some Kindergarten action...

Still early to tell if they will break lower or go back for a lazy nap! Waiting...
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #201,364
  • Aug 28, 2024 4:00am Aug 28, 2024 4:00am
Based on H1, I am marking 1.1145/55 area as nearest resistance...
Focus only on what truly matters!
  • #201,365
  • Aug 28, 2024 4:25am Aug 28, 2024 4:25am
Quick H4 Outlook

  1. MACD divergence might cause price to drop for a retest at 1.1080 area...
  2. For now, no new breakout hints that bulls are absent..
  3. Bears have to force price to stay below 1.1160 for a chance to go lower...
  4. Also please be aware that END OF MONTH is nearby.. Careful!

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #201,366
  • Aug 28, 2024 6:24am Aug 28, 2024 6:24am
I have noticed H&S forming on H4 chart. May be some bounce up will occure at 1.11-ish region. Any thoughts?
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  • #201,367
  • Aug 28, 2024 7:05am Aug 28, 2024 7:05am
Quoting xperta
I have noticed H&S forming on H4 chart. May be some bounce up will occure at 1.11-ish region. Any thoughts? {image}
Maybe... Since every H&S needs a neckline, the H4 chart first needs a bullish candle or doji or hammer that gives us the potential base of such neckline...

No such thing yet and therefore we must follow current bearish momentum. Step by step...

Best wishes
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #201,368
  • Aug 28, 2024 7:15am Aug 28, 2024 7:15am
Meanwhile, on H1...

Go bears go... Rinse & repeat selling pullbacks and breakouts until basic breakout logic works no more!

Next supportive area: 1.1105-ish!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 22 KB
Focus only on what truly matters!
  • #201,369
  • Aug 28, 2024 7:34am Aug 28, 2024 7:34am
Quoting Ata-Turkoglu
{quote} Maybe... Since every H&S needs a neckline, the H4 chart first needs a bullish candle or doji or hammer that gives us the potential base of such neckline... No such thing yet and therefore we must follow current bearish momentum. Step by step... Best wishes {image}
I'm keeping an eye on that 1.1080 support with you.
  • #201,370
  • Aug 28, 2024 7:36am Aug 28, 2024 7:36am
Price broke both trend lines of the bullish channel that I had drawn. The next interesting support location in my view is at 1.1080 as it is also 50% Fibonacci.
(1.1080 (green trend line)
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  • #201,371
  • Edited 7:58am Aug 28, 2024 7:44am | Edited 7:58am
Quoting Matts Micro
{quote} Looks good. I'm going in for the LT bears game. Possibility for another daily bull candle which in my system would support the bears. My level was hit almost to the dot so looking good for the rest to follow through. Buggered my top position when TS got hit. Just got another entry signal to re-enter. {image}
System intact. I will look for a correction tomorrow for entry. A couple of B/E and a loss trying to get into the LT entry but worth it if it moves.

Bull candle marked from previous post.
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ST long placed on the 1:1 (orange TLs)
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As the lights go by so too do the shadows move
  • #201,372
  • Aug 28, 2024 8:24am Aug 28, 2024 8:24am
EU 15mins. I will buy a retouch to the base of this falling wedge. That should be near 1101 area. Should yield me at least 20 pips.
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  • #201,373
  • Aug 28, 2024 9:37am Aug 28, 2024 9:37am
I thought the trend line had been broken, but with this support at 1.1105 the upward channel was readjusted.
It is still valid...
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  • #201,374
  • Aug 28, 2024 10:07am Aug 28, 2024 10:07am
Meanwhile, on H4...

From here on forwards, I now will watch 1.1169 area resistance... Bears have the upper hand while below it!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 16 KB
Focus only on what truly matters!
  • #201,375
  • Aug 28, 2024 1:04pm Aug 28, 2024 1:04pm
Newest breakout level on H1 is now 1.1111....

While H1 candles open below, bears can protect momentum..
Focus only on what truly matters!
  • #201,376
  • Aug 28, 2024 2:37pm Aug 28, 2024 2:37pm
Quoting Ata-Turkoglu
Newest breakout level on H1 is now 1.1111.... While H1 candles open below, bears can protect momentum..
Beware of bulls and their attempt for gaining back control if you see that H1 candles can't close back below 1.1111 quickly.. Any bearish delay would hint that bulls are collecting power!
Focus only on what truly matters!
  • #201,377
  • Aug 28, 2024 3:38pm Aug 28, 2024 3:38pm
The battle continues
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Consistency is key
  • #201,378
  • Aug 28, 2024 7:12pm Aug 28, 2024 7:12pm
Quoting Matts Micro
{quote} System intact. I will look for a correction tomorrow for entry. A couple of B/E and a loss trying to get into the LT entry but worth it if it moves. Bull candle marked from previous post. {image} ST long placed on the 1:1 (orange TLs) {image}
I have signals on Hrly that suggests a deep correction if not a new HH before the potential tumble. Still in my long.
As the lights go by so too do the shadows move
  • #201,379
  • Aug 29, 2024 1:34am Aug 29, 2024 1:34am
I prefer H1 candles opening/staying below 1.1133... Otherwise, the imbalance is giving bulls hope!

Wishing a happy and profitable Thursday to all
Focus only on what truly matters!
  • #201,380
  • Aug 29, 2024 3:00am Aug 29, 2024 3:00am
A Possibilty on 4 h
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