New Cable Thread & Other Pairs

The dollar is not strengthening but not giving up either, a good time for scalps,
TP1 is fine with me, wish to close my shop before NY,

There is the case PCE prices today will not move it without a big surprise and that EU may stay inside the same range until next Friday NFP!

nooooooooooooooo.......

Pound vs. Euro: The euro is a little stronger, but it is rising steadily.

Yes but ranging strategies can offer big rewards too. Yesterday only I made 100 + pips! Its harder but we can run an extra mile!

I closed buys, trying not to get into the news, it's more like a casino with the big players,
There was good news and it didn't help the dollar, whatever the reasons, as long as the H4 structure doesn't break I'm more buying, sometimes selling at PB,

That's the best strategy but not always! We can still enter at lows like today and wait for extra pips later if they come. If luck is with us we can make more money! But remember your thinking is working the most of the times.

Sometimes I leave a part open if I have BE+,
But I'd rather have a little bird in my hand than ten birds on the tree,

Yes you are right!

DXY 2024 low,

2023
not so far

did Pedro leave the thread?

There will probably be a some reaction, I certainly won't try to sell the dollar there, not today, although 100 looks interesting,

It was a busy week - that started with a drop to 1.1083, with plenty of price action, but no significant move beyond 1.1214. The pair climbed before dropping to 1.1122, where strong support held for the rest of the week. There were several attempts to push above the middle of the range toward 1.1200. For now, I expect the range-bound price action to continue until a breakout occurs beyond the 1.1100 - 1.1214 zone.

Wishing everyone a relaxing and refreshing weekend! Take some time to recharge and enjoy the break. See you next week for more trading insights and strategies. Stay safe and enjoy the weekend!

Over the past week, EUR/USD has been trading in a range with support at 1.1068 and resistance near 1.1200. The pair has been trying to break through the resistance level but has struggled to gain momentum. This lack of momentum indicates that the bulls might be losing steam, and a reversal could be on the horizon.

The overall trend remains bullish, but the strength of the uptrend has weakened as it approaches key resistance levels. The major resistance zone at 1.1200/1.1214 has been a significant hurdle for EUR/USD, with the pair failing to break through this level multiple times in recent sessions.

In case of a downside move, the key support level to watch is 1.1121. Momentum has slowed in recent days, with the price consolidating below 1.1214 and forming a potential double top pattern, signaling a possible shift in market sentiment.

A breakout above the 1.1214 resistance could lead to sharp movements towards 1.1220, 1.1231, and 1.1275. However, the likelihood of a breakdown appears higher than a breakout due to the exhaustion of the bulls and the presence of strong resistance overhead.

In conclusion, EUR/USD has experienced a week of consolidation as it struggles to overcome key resistance levels. With the bulls seemingly running out of steam, the market could be poised for a corrective wave in the near future. Traders should closely monitor the key support and resistance levels for any potential breakouts or reversals.

Weekly volatility (range) 111 pips

Option expiries for Monday: 1.1200 (EU958.9m) & 1.1300 (EU738.1m) Source: financialjuice.com

Significant news - US JOLTS Job Openings, US Initial Jobless Claims, US Factory Orders & US Nonfarm Payrolls

4 hours

Have a great rest of the weekend!