6
- #6,161
- Aug 30, 2024 1:27pm Aug 30, 2024 1:27pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #6,162
- Aug 30, 2024 6:12pm Aug 30, 2024 6:12pm
RELATIVE ANALYSIS
I have this block of orders marked that can stop the bears next week, I recommend you be careful when reaching this Zone.
I wish you a good weekend
Good luck
_______________________
See where the market is moving and follow it.
I have this block of orders marked that can stop the bears next week, I recommend you be careful when reaching this Zone.
I wish you a good weekend
Good luck
_______________________
See where the market is moving and follow it.
- #6,165
- Aug 31, 2024 2:13am Aug 31, 2024 2:13am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,449 Posts
EUR/USD experienced a bearish week, failing to break above the key resistance at 1.1201 and reaching a low of 1.1043. This decline has almost faded the previous strong bullish weekly candle, indicating increased bearish pressure on the pair.
In the near term, EUR/USD may continue its downward trajectory, potentially reaching the 1.1000 or 1.0950 levels. On the upside, immediate resistance is found at the 1.1100 - 1.1098 range, which was previously a support zone, and then at the 1.1140 level, which marks a previous significant high.
Traders should monitor these key support and resistance levels closely, as they could signal potential trend reversals or continuations in the coming week. Additionally, keep an eye on upcoming economic data releases and geopolitical events, as these may impact market sentiment and the EUR/USD exchange rate.
Weekly volatility (range) 107 pips
Option expiries for Monday: 1.0900 (EU671.6m), 1.1100 (EU430.2m), 1.1050 (EU355m) Source: financialjuice.com
Significant news - US JOLTS Job Openings, US Factory Orders, US Unemployment Rate, US Nonfarm Payrolls & US Average Earnings.
Daily
Have a great rest of the weekend!
In the near term, EUR/USD may continue its downward trajectory, potentially reaching the 1.1000 or 1.0950 levels. On the upside, immediate resistance is found at the 1.1100 - 1.1098 range, which was previously a support zone, and then at the 1.1140 level, which marks a previous significant high.
Traders should monitor these key support and resistance levels closely, as they could signal potential trend reversals or continuations in the coming week. Additionally, keep an eye on upcoming economic data releases and geopolitical events, as these may impact market sentiment and the EUR/USD exchange rate.
Weekly volatility (range) 107 pips
Option expiries for Monday: 1.0900 (EU671.6m), 1.1100 (EU430.2m), 1.1050 (EU355m) Source: financialjuice.com
Significant news - US JOLTS Job Openings, US Factory Orders, US Unemployment Rate, US Nonfarm Payrolls & US Average Earnings.
Daily
Have a great rest of the weekend!
Looking for profitable short term trades ...|
- #6,166
- Aug 31, 2024 3:08am Aug 31, 2024 3:08am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
I'll Sell when price is heading to Hell
- #6,169
- Sep 1, 2024 8:57am Sep 1, 2024 8:57am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on FIB: If we look at the Daily, So we have two FIB draws, First (1.08814 to 1.12017) In this we have just reached about 0.5 (1.10415) retracement, & 0.618 at (1.10037)!
And the second FIB is here, (1.09783 to 1.12017) In this we reached down to 0.618 (1.10459) retracement!
The point is to say that we can get a bounce from here, If not, Then 0.618 (1.10037) FIB should be watched, & If that happens, We can have ABCD pattern!
Daily: (First)
Daily: (Second) 
And the second FIB is here, (1.09783 to 1.12017) In this we reached down to 0.618 (1.10459) retracement!
The point is to say that we can get a bounce from here, If not, Then 0.618 (1.10037) FIB should be watched, & If that happens, We can have ABCD pattern!
Daily: (First)
Stop Procrastinating
Based on FIB: If we look at the Daily, So we have two FIB draws, First (1.08814 to 1.12017) In this we have just reached about 0.5 (1.10415) retracement, & 0.618 at (1.10037)! And the second FIB is here, (1.09783 to 1.12017) In this we reached down to 0.618 (1.10459) retracement! The point is to say that we can get a bounce from here, If not, Then 0.618 (1.10037) FIB should be watched, & If that happens, We can have ABCD pattern! Daily: (First) {image}{image}Daily: (Second){image}{image}
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #6,172
- Sep 1, 2024 10:43am Sep 1, 2024 10:43am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote}
Stop Procrastinating
- #6,173
- Sep 1, 2024 10:44am Sep 1, 2024 10:44am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} brother it looks like last week, it was just a sharp correction and the correction seems to be almost completed now if this is the case then we may see 5th and last impulse wave to the upside which can shoot up to 1.1300.
Stop Procrastinating
- #6,174
- Sep 1, 2024 10:46am Sep 1, 2024 10:46am
- Joined Jan 2021 | Status: Trader | 2,620 Posts
{quote} Yeah exactly!
- #6,175
- Sep 1, 2024 10:51am Sep 1, 2024 10:51am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Brother get ready for a party, this week should be interesting
, Anything can happen! 
Stop Procrastinating
{quote} Brother get ready for a party, this week should be interesting
we just need one last push before a big drop and hope it’s this week! lol
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #6,177
- Sep 1, 2024 12:05pm Sep 1, 2024 12:05pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on FIB: If we look at the Daily, So we have two FIB draws, First (1.08814 to 1.12017) In this we have just reached about 0.5 (1.10415) retracement, & 0.618 at (1.10037)! And the second FIB is here, (1.09783 to 1.12017) In this we reached down to 0.618 (1.10459) retracement! The point is to say that we can get a bounce from here, If not, Then 0.618 (1.10037) FIB should be watched, & If that happens, We can have ABCD pattern! Daily: (First) {image}{image}Daily: (Second){image}{image}
Daily:
Stop Procrastinating
- #6,178
- Sep 1, 2024 12:29pm Sep 1, 2024 12:29pm
RELATIVE ANALYSIS
These are my scenarios:
1- The bears fail to overcome the block of orders, starting the supreme wave that you have spoken of.
2- The bears break the block, drop at least 10-15 pips and confirm again, to continue the downward trend.
ALL THE BEST!!!
_______________________
See where the market is moving and follow it.
These are my scenarios:
1- The bears fail to overcome the block of orders, starting the supreme wave that you have spoken of.
2- The bears break the block, drop at least 10-15 pips and confirm again, to continue the downward trend.
ALL THE BEST!!!
_______________________
See where the market is moving and follow it.
- #6,179
- Sep 1, 2024 12:32pm Sep 1, 2024 12:32pm
RELATIVE ANALYSIS These are my scenarios: 1- The bears fail to overcome the block of orders, starting the supreme wave that you have spoken of. 2- The bears break the block, drop at least 10-15 pips and confirm again, to continue the downward trend. ALL THE BEST!!!
Please note that we are also reaching oversold levels
GOOD LUCK!!!
- #6,180
- Sep 1, 2024 12:47pm Sep 1, 2024 12:47pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on FIB: If we look at the Daily, So we have two FIB draws, First (1.08814 to 1.12017) In this we have just reached about 0.5 (1.10415) retracement, & 0.618 at (1.10037)! And the second FIB is here, (1.09783 to 1.12017) In this we reached down to 0.618 (1.10459) retracement! The point is to say that we can get a bounce from here, If not, Then 0.618 (1.10037) FIB should be watched, & If that happens, We can have ABCD pattern! Daily: (First) {image}{image}Daily: (Second){image}{image}
{quote} And this I mark as a golden zone, It was resistance for a many time, & Now!
H4:
H1:
Edit: You look at the H4, It's pretty much down!
Stop Procrastinating