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New Cable Thread & Other Pairs

  • #10,241
  • Oct 4, 2024 3:23am Oct 4, 2024 3:23am
Quoting axecap
{quote} I see a bullish gartley in h1 , still valid. care to show what you are looking at? {image}
I see two and one more in the making, but it is not certain that it will hold the flood,
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'In the clearing stands a boxer And a fighter by his trade..'
  • #10,242
  • Oct 4, 2024 3:30am Oct 4, 2024 3:30am
Quoting GOR
{quote} I see two and one more in the making, but it is not certain that it will hold the flood, {image}
Nice....yes...I still belive NFP can trump all things ....Bats and butts
Its all just one persons opinion
  • #10,243
  • Oct 4, 2024 5:57am Oct 4, 2024 5:57am
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Its all just one persons opinion
  • #10,244
  • Oct 4, 2024 5:59am Oct 4, 2024 5:59am
Quoting axecap
DXY Daily. Positive break out of the "spring" NFP needs to confirm or reject. {image}
CONFIRMED
Its all just one persons opinion
  • #10,245
  • Edited 6:55am Oct 4, 2024 6:06am | Edited 6:55am
EU 5 x daily lows 61.8% 109.59
lets see if they hold
current low 109.58
otherwise 109.43-45 area 2nd chart
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  • #10,246
  • Oct 4, 2024 6:26am Oct 4, 2024 6:26am
Quoting tiborf71
aud/usd. i have a bat bullish pattern, the pattern is destroyed, 0.68291. I will see. H1.
my sample was destroyed, but there was SL as always.
  • #10,247
  • Oct 4, 2024 6:31am Oct 4, 2024 6:31am
Quoting minhtri
{quote} {image} {image}
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  • #10,248
  • Oct 4, 2024 8:38am Oct 4, 2024 8:38am
EUR/USD broke below the 1.1002 daily support after better-than-expected US NFP data, reaching a low of 1.0959 before retracing to 1.0981, which acted as previous support and now resistance. This level held, leading to another leg down toward 1.0943, with potential to reach the 100-day moving average at 1.0928. As the weekend approaches and the trading week nears its end, EUR/USD will continue to trade until the close, but I’ll be wrapping up here. It’s been a fantastic week, mostly filled with success! Wishing you more winning trades and plenty of green pips ahead. Have a great weekend!

Daily
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Looking for profitable short term trades ...|
  • #10,249
  • Oct 4, 2024 3:46pm Oct 4, 2024 3:46pm
Looks like 50bps is gone. Now no rate cut next month has some support.

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Its all just one persons opinion
  • #10,250
  • Oct 5, 2024 12:48am Oct 5, 2024 12:48am
EUR/USD dropped to 1.0951 after expectations for a 0.50% rate cut by the Fed were reduced to 0.25%. This shift came as Non-Farm Payrolls rose more than forecast at 254k, with unemployment dropping and hourly earnings growing faster than expected.

The pair remains bearish, with the next targets at 1.0940 and the 1.0862/80 zone. A deeper drop to 1.0777 is possible but may take over a week to materialize. If the pair retraces upwards, 1.1000/1.1020 could be tested, but downside pressure toward 1.0940 or the 1.0905 monthly support level is more likely.

If a move above 1.1000 extends beyond 1.1020 (monthly resistance), the next target would be around 1.1045–50 (daily moving average). Enjoy the rest of your weekend!

Weekly volatility (range) 113 pips

Option expiries for Monday: 1.0955 (EU1.93b), 1.1265 (EU1.05b), 1.1100 (EU1.01bb) Source: financialjuice.com

Significant news - US Trade Balance, FOMC Minutes, US Initial Jobless Claims, US CPI, US PPI & University Michigan Sentiment Prelim.

Daily
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Looking for profitable short term trades ...|
  • #10,251
  • Oct 5, 2024 12:49am Oct 5, 2024 12:49am
Quoting axecap
Looks like 50bps is gone. Now no rate cut next month has some support. {image}
Only 0.25% for the rest of 2024 but cpi next week may change that to 0.50% again.
Looking for profitable short term trades ...|
  • #10,252
  • Oct 5, 2024 9:02am Oct 5, 2024 9:02am
eur/gbp.
I have a crab bullish pattern that will be valid if the candle closes above 0.83659.
SL-0.83527.
I will see if I open a long position next week.

H1.
  • #10,253
  • Edited 3:50pm Oct 5, 2024 2:56pm | Edited 3:50pm
Unless EU can blast through these levels with at least 80 pips in bullish candles and a big 4 hr bullish close then from 110- 110.19 area down to the three month lows at 107.11 to 107.66 will be a raging short trade .
AND IN FACT EU HAD A LARGE RANGE BEARHISH CANDLE ON FRIDAY CONFIRMING A MOVE DOWN NOW.
  • #10,254
  • Oct 5, 2024 3:27pm Oct 5, 2024 3:27pm
Quoting tiborf71
eur/gbp. I have a crab bullish pattern that will be valid if the candle closes above 0.83659. SL-0.83527. I will see if I open a long position next week. H1.
would be great to see a screen shot
Its all just one persons opinion
  • #10,255
  • Oct 5, 2024 3:33pm Oct 5, 2024 3:33pm
Quoting Js3mwtRc
{quote} Only 0.25% for the rest of 2024 but cpi next week may change that to 0.50% again.
Yes quiet a lot more data to come before 7th November, but my guess is next weeks numbers wont encourage a 50bps cut expectation
Its all just one persons opinion
  • #10,256
  • Oct 5, 2024 11:06pm Oct 5, 2024 11:06pm
Quoting ianlikesgolf
Unless EU can blast through these levels with at least 80 pips in bullish candles and a big 4 hr bullish close then from 110- 110.19 area down to the three month lows at 107.11 to 107.66 will be a raging short trade . AND IN FACT EU HAD A LARGE RANGE BEARHISH CANDLE ON FRIDAY CONFIRMING A MOVE DOWN NOW.
Quiet probably a retrace early in the week but .....I dont see a "big h4 bullish close" any time soon. I expect the USD cpi figures end of week will confirm further bearishness. Possible downhill all the way to the election.
Its all just one persons opinion
  • #10,257
  • Oct 6, 2024 10:51am Oct 6, 2024 10:51am
Quoting Black-Star
{quote} Still anticipating Cable to rally to 1.3500. Seems like the week may begin with some range bound price action between 1.3365 and 1.3450 before rallying higher. {image} {image}
The plan to see one more rally didn't pan out, that is wave 5 (Olive) didn't move beyond the end of wave 3 (Olive) which is also known as a truncated 5th wave. The ending diagonal pattern (Megaphone Pattern) was a big clue that the uptrend was slowing down and that a correction was necessary. Now cable is in correction mode and the bears seem to have taken control. I forecast a retracement to 1.3220 then a decline to 1.3050/3035 then further retracement to 1.3250/3270. Let's see what happens.

All the best for the week ahead
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  • #10,258
  • Oct 6, 2024 1:53pm Oct 6, 2024 1:53pm
Quoting minhtri
{quote} {image} {image}
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  • #10,259
  • Oct 6, 2024 2:30pm Oct 6, 2024 2:30pm
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  • #10,260
  • Oct 6, 2024 4:08pm Oct 6, 2024 4:08pm
Quoting minhtri
{quote} {image} {image}
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