{quote} Sounds great! After all, takes two to tango
! P.S where is Pedro?
Here you can learn more
https://www.forexfactory.com/thread/...rmonic-trading
Looking for profitable short term trades ...|
- #8,621
- Nov 14, 2024 10:45am Nov 14, 2024 10:45am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
- #8,622
- Nov 14, 2024 10:52am Nov 14, 2024 10:52am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
The EUR/USD pair is currently trading around 1.0565, rebounding slightly from a recent low of 1.0496. While there’s been a modest upward push, the dominant trend remains bearish, supported by continued US Dollar strength.
Support levels: 1.0513, 1.0558, 1.0496
Resistance levels: 1.0600, 1.0654
Recent US economic data has been mixed some indicators hint at an economic slowdown, while others reflect resilience, helping to keep the dollar well-supported. Although the dollar has been overbought for some time, a corrective pullback has yet to happen. Safe-haven demand for the dollar remains high, fueled by expectations of high interest rates from the Federal Reserve.
In the short term, EUR/USD's direction is uncertain. There could be further upside, but the longer-term outlook likely leans bearish. Traders should approach cautiously, staying alert to economic updates and central bank signals.
Have a great rest of the day!
Support levels: 1.0513, 1.0558, 1.0496
Resistance levels: 1.0600, 1.0654
Recent US economic data has been mixed some indicators hint at an economic slowdown, while others reflect resilience, helping to keep the dollar well-supported. Although the dollar has been overbought for some time, a corrective pullback has yet to happen. Safe-haven demand for the dollar remains high, fueled by expectations of high interest rates from the Federal Reserve.
In the short term, EUR/USD's direction is uncertain. There could be further upside, but the longer-term outlook likely leans bearish. Traders should approach cautiously, staying alert to economic updates and central bank signals.
Have a great rest of the day!
Looking for profitable short term trades ...|
- #8,623
- Nov 14, 2024 10:57am Nov 14, 2024 10:57am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Buy stop 0571 SL16TP280 
Oh wow ! That is something ! You will be missed Pedrocito !
{quote} Became a commercial member by forex factory! Here you can learn more https://www.forexfactory.com/thread/...rmonic-trading
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #8,624
- Nov 14, 2024 10:39pm Nov 14, 2024 10:39pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
EUR/USD has retraced some of yesterday's gains, trading near the 1.0500 level. The pair faces support at 1.0495 and resistance at 1.0552 and 1.0583. A break below support could lead to a decline towards 1.0448, while a break above resistance could signal further upside potential to 1.0600 next.
Have a great day!
Daily volatility (range) 50 pips
Significant news - US Retail Sales & US Industrial Production
1 hour
Have a great day!
Daily volatility (range) 50 pips
Significant news - US Retail Sales & US Industrial Production
1 hour
Looking for profitable short term trades ...|
- #8,625
- Nov 15, 2024 12:23am Nov 15, 2024 12:23am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Good afternooon!
Based on H1, Right now, where the price is, there is trendline resistance and support as well, It's looks like a (Symmetrical triangle)
Based on H1, Right now, where the price is, there is trendline resistance and support as well, It's looks like a (Symmetrical triangle)
Stop Procrastinating
- #8,626
- Nov 15, 2024 12:30am Nov 15, 2024 12:30am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on H1, First, let's talk about resistanceI have current trendline resistance at 1.0560, Sec 1.0575 to 1.0581
Stop Procrastinating
- #8,627
- Nov 15, 2024 12:38am Nov 15, 2024 12:38am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Based on H1
Stop Procrastinating
- #8,628
- Nov 15, 2024 12:40am Nov 15, 2024 12:40am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
Looking for profitable short term trades ...|
- #8,629
- Nov 15, 2024 12:41am Nov 15, 2024 12:41am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Watching 1.0550!
Stop Procrastinating
- #8,630
- Nov 15, 2024 12:54am Nov 15, 2024 12:54am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
{quote} For sell?
At least 0530!
Looking for profitable short term trades ...|
- #8,631
- Nov 15, 2024 1:08am Nov 15, 2024 1:08am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} Yes!
Stop Procrastinating
- #8,632
- Nov 15, 2024 1:46am Nov 15, 2024 1:46am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
Good afternooon!
Looking for profitable short term trades ...|
{quote}Sending you special cognitive-enhancement-filled tacos just for you
! I myself try to focus less on my trading. I think my posts attest to that
To each his own
! I try to focus on the now, so I concentrate on dinner time(and the pips will follow): {image}
I LOVE Italian ... But nothing beats a taco amigo 
, muchas gracias senor 
Don't you know that I'm loco ...
- #8,637
- Nov 15, 2024 6:49am Nov 15, 2024 6:49am
- Joined Aug 2024 | Status: Trader | 1,082 Posts
H4 candles should give a kiss, FVG is down there
News likely to be good, no one wants to upset the big T ...
Inefficiencies on the Daily should hold more weight than H4 ... EU no doubt back to being spanked again before the day is out ...
Inefficiencies on the Daily should hold more weight than H4 ... EU no doubt back to being spanked again before the day is out ...
Don't you know that I'm loco ...
- #8,639
- Nov 15, 2024 7:21am Nov 15, 2024 7:21am
- Joined Mar 2022 | Status: Trader | 2,459 Posts
News likely to be good, no one wants to upset the big T
politics aside the big T is not holding out this time, anyone that comes with red news will be fired on the spot and replaced by some friend of his.
{quote}
These red news events are a waste of time, just add 50PiPs to the value of the Dollar at news time each day. Save all that "pending" up and down nonsense ...
Don't you know that I'm loco ...