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New Cable Thread & Other Pairs

  • #10,861
  • Nov 15, 2024 7:42am Nov 15, 2024 7:42am
Quoting T721
{quote} it was the .382 retrace fib........ PS it dont mean it had to turn there but thats where i started shorting from and would have added more at the next fib had it gone against me
oh ok so this chat is from past.
  • #10,862
  • Nov 15, 2024 7:44am Nov 15, 2024 7:44am
Quoting T721
{quote} {image} {image}
Great job with nailing it looking forward to more charts from you
  • #10,863
  • Nov 15, 2024 9:18am Nov 15, 2024 9:18am
Quoting Js3mwtRc
{quote} I think EU is going down now! Weird that GU stayed up today. Maybe just a pause only!
That was it!
Looking for profitable short term trades ...|
  • #10,864
  • Nov 15, 2024 11:15am Nov 15, 2024 11:15am
The EUR/USD pair experienced a brief rally, touching 1.0593. However, it couldn't sustain the momentum and retreated back below to 1.0523 level.

The ongoing strength of the US Dollar, driven by optimism surrounding potential economic policies, continues to exert downward pressure on the EUR/USD pair.

Now the pair is consolidating below its new resistance and 1.0600 waiting for the market close.

For me it comes the end of week, it was great trading and sharing my views with all of you, have a wonderful weekend ahead!
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Looking for profitable short term trades ...|
  • #10,865
  • Edited Nov 17, 2024 1:50am Nov 16, 2024 2:54am | Edited Nov 17, 2024 1:50am
The EUR/USD pair had a volatile week, with an initial decline followed by a late-week recovery. The pair dipped to a new 2024 low due to a strong US Dollar, but rebounded on Friday likely due to profit-taking and renewed optimism for the European economy. While the pair ended the week slightly lower, the recovery suggests a potential loss of momentum in the bearish trend.

The current trend for EUR/USD is bearish. While there was a recent recovery, the overall trend remains downward, with the pair trading below key resistance levels of 1.0600 and 1.0643/66.
If the pair breaks below 1.0496 level, it could signal further downside potential towards 1.0448 or 1.04060.

However, it's important to note that the forex market is highly volatile, and these levels may shift as market conditions change. It's important to conduct complete analysis and consider multiple factors before making trading decisions.

Stay tuned for more market insights. Until next time, good luck and happy trading!


Weekly volatility (range) 110 pips

Option expiries for Monday: 1.0600 (EU1.33b), 1.0520 (EU875m), 1.0625 (EU630.6m) Source: financialjuice.com

Significant news - US Housing Starts Number, US Initial Jobless Claims, US Philly Fed Business Index, EU & US PMI'S & University Michigan Sentiment.

4 hours
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Looking for profitable short term trades ...|
  • #10,866
  • Nov 16, 2024 9:25am Nov 16, 2024 9:25am
checking gbpusd in daily tf while higher tf indicating strong down still , as to managed closed 2621 should get a good support to try bounce as far possible . though still possible range down due momentum , still may try sides in bottong effects for some times , more than any times last 2 wks ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #10,867
  • Nov 17, 2024 10:44am Nov 17, 2024 10:44am
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  • #10,868
  • Nov 17, 2024 10:44am Nov 17, 2024 10:44am
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  • #10,869
  • Nov 17, 2024 11:43am Nov 17, 2024 11:43am
Mr. T has generously alloted some time for a quick tutorial on how to handle forex trading for retailers. I strongly advice you join and ask questions. Cause there is no better tutor then Mr. T and it's free! What's there to loose. 1Pm EST

https://join.skype.com/L4HR6RhXAbQw
  • #10,870
  • Nov 17, 2024 11:45am Nov 17, 2024 11:45am
Quoting vinesh1
Mr. T has generously alloted some time for a quick tutorial on how to handle forex trading for retailers. I strongly advice you join and ask questions. Cause there is no better tutor then Mr. T and it's free! What's there to loose. 1Pm EST https://join.skype.com/L4HR6RhXAbQw
log in now Vinesh
  • #10,871
  • Nov 17, 2024 2:00pm Nov 17, 2024 2:00pm
Quoting T721
{image}
Those are some big reversal moves for NZD....can you elaborate on how you have come to your
conclusion. Thanks
Its all just one persons opinion
  • #10,872
  • Edited 7:20pm Nov 17, 2024 2:10pm | Edited 7:20pm
Quoting axecap
{quote} Those are some big reversal moves for NZD....can you elaborate on how you have come to your conclusion. Thanks
Good day friend,

Nice question.

Thanks
Market Structure is the King.....
  • #10,873
  • Nov 17, 2024 2:51pm Nov 17, 2024 2:51pm
Quoting axecap
{quote} Those are some big reversal moves for NZD....can you elaborate on how you have come to your conclusion. Thanks
Hi Axe, would take too long to explain here unfortunately. I explained to all who joined Skype with me ... if you are on telegram i can send you the recording mate
  • #10,874
  • Nov 17, 2024 3:01pm Nov 17, 2024 3:01pm
Quoting T721
{quote} Hi Axe, would take too long to explain here unfortunately. I explained to all who joined Skype with me ... if you are on telegram i can send you the recording mate
Mr T,
I also will be interested in the recording of you will kindly share. Am on telegram.
Thanks and regards
  • #10,875
  • Nov 17, 2024 3:02pm Nov 17, 2024 3:02pm
Quoting T721
{quote} Hi Axe, would take too long to explain here unfortunately. I explained to all who joined Skype with me ... if you are on telegram i can send you the recording mate
excellent, thank you have sent you a DM
Its all just one persons opinion
  • #10,876
  • Nov 17, 2024 3:04pm Nov 17, 2024 3:04pm
regarding the nzdcad..big engulfing candle in area where I am looking for bullsh evidence..which I have so have the parameters where I will take a long position. New week however, so we will see but high on my list.

kindly
  • #10,877
  • Nov 17, 2024 3:13pm Nov 17, 2024 3:13pm
Quoting ninner
regarding the nzdcad..big engulfing candle in area where I am looking for bullish evidence..which I have so have the parameters where I will take a long position. New week however, so we will see but high on my list. kindly
Yes NZDCAD I can see a retrace on the daily to the 618 but that wouldn't get to the highs mister T refers to . NZDJPY closed the week in downtrend
and yes also probably due for a bounce this week....Im just curious as to his levels....he will no doubt have his reasons
Its all just one persons opinion
  • #10,878
  • Nov 17, 2024 3:18pm Nov 17, 2024 3:18pm
my exact entry for NZDCAD IS 0.8269
  • #10,879
  • Nov 17, 2024 5:36pm Nov 17, 2024 5:36pm
Oil potential trade im looking at
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  • #10,880
  • Nov 17, 2024 5:37pm Nov 17, 2024 5:37pm
Quoting T721
Oil potential trade im looking at {image}
PS..... i am on IG so your broker will have a different price to mine but i like upside
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