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Only EURUSD

  • #9,021
  • Dec 3, 2024 10:48am Dec 3, 2024 10:48am
EURUSD rose today but failed at 1.0530.

Reasons:

Upbeat US Data: Recent economic data from the US, such as the rise in job openings, has strengthened the US Dollar. However, the impact on the pair pair has been limited.

Investor Sentiment: Investors are currently awaiting further comments from Fed's Powell, which could influence the direction of the US Dollar and, consequently, the EUR/USD pair.

While the pair has seen a small increase today, its overall trend remains within a narrow range, fluctuating around the 1.0500 level.

Support levels: 1.0530, 1.0546, 1.0586

Resistance levels: 1.0480, 1.0461, 1.0448

See you tomorrow again bye!
Looking for profitable short term trades ...|
  • #9,022
  • Dec 3, 2024 1:26pm Dec 3, 2024 1:26pm
Quoting johncen
{quote} maybe 0545 again before down 0527 may also react to retest 0500
0530ish capped the bull today. I covered my long there and start loading shorts, will add if we get tl 0545-55
Patience, Emotion Control and Discipline.
  • #9,023
  • Dec 3, 2024 9:48pm Dec 3, 2024 9:48pm
Quoting johncen
{quote} 0530ish capped the bull today. I covered my long there and start loading shorts, will add if we get tl 0545-55
train left early without letting me to add
Patience, Emotion Control and Discipline.
  • #9,024
  • Dec 3, 2024 10:42pm Dec 3, 2024 10:42pm
The EUR/USD pair weakened today, dipping below the 1.0500 level after encountering strong resistance near 1.0540. The pair is currently trading around the psychological level.

Immediate support is located at 1.0480. A break below this level could lead to further declines, potentially targeting 1.0460 and 1.0448.

Bulls must defend the current support level and push the pair above yesterday's resistance to regain upward momentum. Potential targets for the upside include 1.0585 and 1.0597.

Green pips!


Daily volatility (range) 80 pips

Option expiries for Wednesday: 1.0400 (EU1.72b), 1.0525 (EU1.34b) Source: financialjuice.com

Significant news - US Factory Orders

1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-12-04_06-38-31.png Size: 61 KB
Looking for profitable short term trades ...|
  • #9,025
  • Dec 3, 2024 11:44pm Dec 3, 2024 11:44pm
Quoting Js3mwtRc
The EUR/USD pair weakened today, dipping below the 1.0500 level after encountering strong resistance near 1.0540. The pair is currently trading around the psychological level. Immediate support is located at 1.0480. A break below this level could lead to further declines, potentially targeting 1.0460 and 1.0448. Bulls must defend the current support level and push the pair above yesterday's resistance to regain upward momentum. Potential targets for the upside include 1.0585 and 1.0597. Green pips! Daily volatility...
will 522 give resistance
  • #9,026
  • Dec 4, 2024 12:18am Dec 4, 2024 12:18am
Quoting PatienceFx
{quote} will 522 give resistance
We'll see if it reach there, for now bulls dont quit, just adding.
Looking for profitable short term trades ...|
  • #9,027
  • Dec 4, 2024 12:19am Dec 4, 2024 12:19am
Quoting johncen
{quote} train left early without letting me to add
train went backward, i added some more but have to be careful as bull can push it up higher
Patience, Emotion Control and Discipline.
  • #9,028
  • Dec 4, 2024 12:40am Dec 4, 2024 12:40am
Good afternoon traders!

Based on H1, I am currently looking at the resistance trendline at 1.0523, And if it breaks, it will act as a support, 1.0544 0.618 FIB, And the current support trendline at 1.0491, 1.0474, Let's see what happens today!

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-12-04_11-39-34.png Size: 24 KB

Have a green wednesday!
Stop Procrastinating
  • #9,029
  • Dec 4, 2024 12:42am Dec 4, 2024 12:42am
Quoting Js3mwtRc
{quote} That's right. From now Ill call you The great wise Ahmer! {image}
Stop Procrastinating
  • #9,030
  • Dec 4, 2024 12:54am Dec 4, 2024 12:54am
Quoting johncen
{quote} train went backward, i added some more but have to be careful as bull can push it up higher
stopped i might go sideline for a bit
Patience, Emotion Control and Discipline.
  • #9,031
  • Dec 4, 2024 2:19am Dec 4, 2024 2:19am
Quoting ahmerjamil
Good afternoon traders! Based on H1, I am currently looking at the resistance trendline at 1.0523, And if it breaks, it will act as a support, 1.0544 0.618 FIB, And the current support trendline at 1.0491, 1.0474, Let's see what happens today! H1: {image} Have a green wednesday!
Our trendline has some differences, maybe its just the broker. I am trying to take the highest/lowest price in consideration when I put them. 1 pip up/down can have a significant deviation in future price
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-12-04_10-16-15.png Size: 57 KB
Looking for profitable short term trades ...|
  • #9,032
  • Dec 4, 2024 2:32am Dec 4, 2024 2:32am
Quoting Js3mwtRc
{quote} Our trendline has some differences, maybe its just the broker. I am trying to take the highest/lowest price in consideration when I put them. 1 pip up/down can have a significant deviation in future price {image}
i forgot abt this tl… damn! Thanks for reminding me. So bear train might carry on

nfp week though, i got mixed signals
Patience, Emotion Control and Discipline.
  • #9,033
  • Dec 4, 2024 2:34am Dec 4, 2024 2:34am
Euro discounting due to imminent Government of France instability and no confidence vote outcome today .
  • #9,034
  • Dec 4, 2024 2:51am Dec 4, 2024 2:51am
Quoting ahmerjamil
Based on H1, I am currently looking at the resistance trendline at 1.0523
What a nice shot!
Stop Procrastinating
  • #9,035
  • Dec 4, 2024 2:53am Dec 4, 2024 2:53am
Quoting johncen
{quote} i forgot abt this tl… damn! Thanks for reminding me. So bear train might carry on nfp week though, i got mixed signals
Can test 1.0480 first! Then 0460-48 & 25.

You are welcome

Also this!

1 hour - 1.0440
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-12-04_10-55-03.png Size: 63 KB
Looking for profitable short term trades ...|
  • #9,036
  • Dec 4, 2024 3:11am Dec 4, 2024 3:11am
Quoting Js3mwtRc
{quote} Can test 1.0480 first! Then 0460-48 & 25. You are welcome Also this! 1 hour - 1.0440 {image}
i have missed the train
Patience, Emotion Control and Discipline.
  • #9,037
  • Dec 4, 2024 3:17am Dec 4, 2024 3:17am
Quoting johncen
{quote} i have missed the train
Todays high and 1.0515 should keep it down, I will take profits and try to re-enter according to news.
Looking for profitable short term trades ...|
  • #9,038
  • Dec 4, 2024 4:31am Dec 4, 2024 4:31am
Quoting Js3mwtRc
{quote} Todays high and 1.0515 should keep it down, I will take profits and try to re-enter according to news.
Seems like EURUSD market is highly volatile right now and if the pair goes below 1.0480 then the downside target could be achieved. The HCOB Spain and Italy Services are also scheduled for today and it is predicted that the EUR price may go up. Let’s keep an eye on the volatility!
  • #9,039
  • Dec 4, 2024 4:38am Dec 4, 2024 4:38am
Quoting Js3mwtRc
{quote} Our trendline has some differences, maybe its just the broker. I am trying to take the highest/lowest price in consideration when I put them. 1 pip up/down can have a significant deviation in future price {image}
No, our broker is same in tradingview, I don't place the trendline Exact above and below the wicks, For example: If there is a resistance trendline, I move down a few points of trendline, So that trendline can be price tap, And if you do a wicks to wicks the price usually doesn't tap your trendline, And this makes your entry miss, You mean the same, I think!
Stop Procrastinating
  • #9,040
  • Dec 4, 2024 4:57am Dec 4, 2024 4:57am
Quoting ahmerjamil
{quote} No, our broker is same in tradingview, I don't place the trendline Exact above and below the wicks, For example: If there is a resistance trendline, I move down a few points of trendline, So that trendline can be price tap, And if you do a wicks to wicks the price usually doesn't tap your trendline, And this makes your entry miss, You mean the same, I think!
I use the magnet mode at trading view and use exactly the highs/lows as it seems the more correct way to take the highest or lowest price at the edges of a trendline. Every pip count for me.

Your way looks good too many times the price just goes near the line and then reverses.
Looking for profitable short term trades ...|
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