I hope this Double corrective has finished and we maybe at the very beginning of a new impulse wave
if no then 1.1070-80 is confirmed
if no then 1.1070-80 is confirmed 
- #5,923
- Aug 28, 2024 9:57am Aug 28, 2024 9:57am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
I'll Sell when price is heading to Hell
- #5,924
- Aug 28, 2024 9:59am Aug 28, 2024 9:59am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} from today onwards, I will call you PERFECT JAMES !!!
Stop Procrastinating
- #5,925
- Aug 28, 2024 10:10am Aug 28, 2024 10:10am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,429 Posts
[quote=braintec;14978852]
Thanks my friend braintec! 
{quote} from today onwards, I will call you PERFECT JAMES !!!
Looking for profitable short term trades ...|
- #5,927
- Aug 28, 2024 10:47am Aug 28, 2024 10:47am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,429 Posts
As a result of the ECB's potential rate cut because of lower inflation numbers expected this Friday and its impact on market sentiment, the EUR/USD has experienced a decline. Investors are currently favoring the US dollar due to its higher interest rates and perceived safety.
Looking at the technical analysis, the EUR/USD pair may continue to fall below the 1.1150 level, which was previously a strong support but is now acting as resistance. If the decline persists, the next target for the bears could be the 1.1098 level, which has acted as a strong support twice before.
However, if the EUR/USD manages to rise above the current resistance at 1.1150, it could target the 1.1159 and 1.1179 levels. Conversely, if the pair drops below the support at 1.1098, it may reach the weekly S1 level at 1.1074.
It was great trading with you all, have a great rest of the day with green pips!
Looking at the technical analysis, the EUR/USD pair may continue to fall below the 1.1150 level, which was previously a strong support but is now acting as resistance. If the decline persists, the next target for the bears could be the 1.1098 level, which has acted as a strong support twice before.
However, if the EUR/USD manages to rise above the current resistance at 1.1150, it could target the 1.1159 and 1.1179 levels. Conversely, if the pair drops below the support at 1.1098, it may reach the weekly S1 level at 1.1074.
It was great trading with you all, have a great rest of the day with green pips!
Looking for profitable short term trades ...|
I was caught by the bull trap during the Asia session it triggered my Buy Limit 
I feel so dumb for falling for it lol Took my first loss this week. The worst part is that all my Trade Entry checkmarks where good to go to enter long & then boom a drop DXY started picking up & I did not notice.
First Loss In The Books this week, but booked a Long from bottom to Now to make some of it back. However I need to reassess my analyses. I still see upside one more time before a bigger drop. Could be 1.116, 1.118, or 1.12+
For now we jus have to wait for tomorrows data & follow the trend. 1.107 is my next short target.
I feel so dumb for falling for it lol Took my first loss this week. The worst part is that all my Trade Entry checkmarks where good to go to enter long & then boom a drop DXY started picking up & I did not notice.First Loss In The Books this week, but booked a Long from bottom to Now to make some of it back. However I need to reassess my analyses. I still see upside one more time before a bigger drop. Could be 1.116, 1.118, or 1.12+
For now we jus have to wait for tomorrows data & follow the trend. 1.107 is my next short target.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
Let's see if this works out. 3:1 Risk/Reward
I'm not saying this won't go down more & that I'm right. The end of the month is coming & I am on the side that it can finish higher & start dropping September
Wish me luck 
DO NOT TRADE MY TRADE. I am simply showing what I am doing. Any risk you take is on you lol.
TP 1.1175
Risk Management in Full Effect
Patience Gas Tank Fully Loaded
️
I'm not saying this won't go down more & that I'm right. The end of the month is coming & I am on the side that it can finish higher & start dropping September
Wish me luck DO NOT TRADE MY TRADE. I am simply showing what I am doing. Any risk you take is on you lol.TP 1.1175
Risk Management in Full Effect
Patience Gas Tank Fully Loaded
️
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #5,930
- Aug 28, 2024 12:14pm Aug 28, 2024 12:14pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
I was caught by the bull trap during the Asia session it triggered my Buy Limit
{quote} No prob brother, Next you will get the best of them all, In Sha Allah
Stop Procrastinating
{quote} {quote} Ah, No tension brother, This is all normal in the forex world it keeps happening, As i also said this to Rehmat, I am saying you too, Next you will get the best of them all, In Sha Allah
Thank you brother!
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #5,932
- Aug 28, 2024 12:30pm Aug 28, 2024 12:30pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Yeah, It is now offering resistance at the level that was previously supported! {image}
Stop Procrastinating
- #5,934
- Aug 28, 2024 1:16pm Aug 28, 2024 1:16pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,019 Posts
{quote} {image}
i gutted about my shorts that got stopped out last week
seems like the trend might have changed now or month end rebalancing.
i wont be surprise if we touch 1050 by the end of the week/month
Patience, Emotion Control and Discipline.
- #5,935
- Aug 28, 2024 1:25pm Aug 28, 2024 1:25pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} trendline worked so well today. i gutted about my shorts that got stopped out last week
, & Yeah brother, It is possible that we can reach 1.1050, 40! 
Stop Procrastinating
- #5,936
- Aug 28, 2024 3:32pm Aug 28, 2024 3:32pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,019 Posts
Patience, Emotion Control and Discipline.
- #5,939
- Aug 28, 2024 10:34pm Aug 28, 2024 10:34pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,429 Posts
EUR/USD consolidated at 1.1100 lows and at the channel's trendline lower edge. Resistance after the drop is at 1.1150/59 and 1.1179/90. A break lower will open the way for 1.1174 weekly S1 level and 1.1038/30. For now bulls should bring this up as long the channel low holds but a break of 1.1098 will favor the bears, have a great day!
Daily volatility (range) 53 pips
Option expiries for Thursday: 1.1160 (EU450m), 1.1050 (EU418.2m), 1.1000 (EU383.3m) Source: financialjuice.com
Significant news - US GDP QoQ & US Initial Jobless Claims
4 hours
Daily volatility (range) 53 pips
Option expiries for Thursday: 1.1160 (EU450m), 1.1050 (EU418.2m), 1.1000 (EU383.3m) Source: financialjuice.com
Significant news - US GDP QoQ & US Initial Jobless Claims
4 hours
Looking for profitable short term trades ...|
- #5,940
- Aug 28, 2024 11:32pm Aug 28, 2024 11:32pm
- Joined Jun 2013 | Status: enjoying life | 23,848 Posts | Online Now
EUR/USD consolidated at 1.1100 lows and at the channel's trendline lower edge. Resistance after the drop is at 1.1150/59 and 1.1179/90. A break lower will open the way for 1.1174 weekly S1 level and 1.1038/30. For now bulls should bring this up as long the channel low holds but a break of 1.1098 will favor the bears, have a great day!