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  • #9,221
  • Dec 15, 2024 6:59pm Dec 15, 2024 6:59pm
Trying short now 1.0516 tp 1.048ish sp 1.0535 will manually close position after h1 candle open above 1.0535
  • #9,222
  • Edited Dec 16, 2024 12:16am Dec 15, 2024 10:29pm | Edited Dec 16, 2024 12:16am
EUR/USD is currently trading within a range of 1.0524 to 1.0539, a resistance zone. After opening lower today, the pair formed a double bottom above the 1.0482 support level. A decisive break above the multiple highs in the resistance zone could target the weekly S1 level at 1.0577. However, if a breakout fails or doesn't materialize, the pair may retest the 1.0482 support level or potentially decline further to the 1.0460/53 support area.

Happy new week!


Daily volatility (range) 47 pips

Option expiries for Monday: 1.0600 (EU6.59b), 1.0500 (EU2.08b), 1.0000 (EU1.95b) Source: financialjuice.com

Significant news - EU/US PMI'S

1 hour
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Looking for profitable short term trades ...|
  • #9,223
  • Dec 15, 2024 11:55pm Dec 15, 2024 11:55pm
Quoting Js3mwtRc
{quote} I think it will stay below resistance for now the trend is bearish, but its not what I say its what the market does. Always use wise risk management in your trades is the best advice I can give.
So true, trend’s seem bearish now. You are right risk management is the key! Also, short-term trades do sound like a smart move.
  • #9,224
  • Dec 16, 2024 12:19am Dec 16, 2024 12:19am
Quoting Markus99
{quote} So true, trend’s seem bearish now. You are right risk management is the key! Also, short-term trades do sound like a smart move.
Thanks. Friday was a good risk management example, one could be in bigger drawdown if was bearish on eu.
Looking for profitable short term trades ...|
  • #9,225
  • Dec 16, 2024 12:40am Dec 16, 2024 12:40am
Anyone knows where Ahmerjamil is, have long time to see him?!
Looking for profitable short term trades ...|
  • #9,226
  • Dec 16, 2024 12:48am Dec 16, 2024 12:48am
Quoting Js3mwtRc
Anyone knows where Ahmerjamil is, have long time to see him?!
mayb taking christmas/new year break early?
Patience, Emotion Control and Discipline.
  • #9,227
  • Dec 16, 2024 1:05am Dec 16, 2024 1:05am
Quoting johncen
{quote} mayb taking christmas/new year break early?
Would be fine! I see him now.
Looking for profitable short term trades ...|
  • #9,228
  • Dec 16, 2024 1:07am Dec 16, 2024 1:07am
Quoting Js3mwtRc
Anyone knows where Ahmerjamil is, have long time to see him?!
Hey sir, Hope you all are well, I'm right here watching you all I was a bit busy, That's why I wasn't able to posts, I will now try to give my time here,
But I want to thank you all, you are all doing a great job!
Stop Procrastinating
  • #9,229
  • Dec 16, 2024 1:15am Dec 16, 2024 1:15am
Quoting ahmerjamil
{quote} Hey sir, Hope you all are well, I'm right here watching you all I was a bit busy, That's why I wasn't able to posts, I will now try to give my time here, But I want to thank you all, you are all doing a great job!
hope all’s well mate
Patience, Emotion Control and Discipline.
  • #9,230
  • Dec 16, 2024 1:22am Dec 16, 2024 1:22am
I would like to close positions in the zone above 1.0560 today
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  • #9,231
  • Dec 16, 2024 1:29am Dec 16, 2024 1:29am
There is also some red news today, Which are coming soon, Based on H1, First trendline support at 1.0505 to 1.0500, & based on FIB i have some supports 1.0433, 1.0409!
Stop Procrastinating
  • #9,232
  • Dec 16, 2024 1:32am Dec 16, 2024 1:32am
Quoting ahmerjamil
There is also some red news today, Which are coming soon, Based on H1, First trendline support at 1.0505 to 1.0500, & based on FIB i have some supports 1.0433, 1.0409!
& Resistance at here 1.0535, 1.0541, 1.0549, 1.0561!
Stop Procrastinating
  • #9,233
  • Dec 16, 2024 1:35am Dec 16, 2024 1:35am
Quoting ahmerjamil
{quote} Hey sir, Hope you all are well, I'm right here watching you all I was a bit busy, That's why I wasn't able to posts, I will now try to give my time here, But I want to thank you all, you are all doing a great job!
Be strong my friend, I hope all are fine too. Thank you, we are missing your levels!
Looking for profitable short term trades ...|
  • #9,234
  • Dec 16, 2024 2:15am Dec 16, 2024 2:15am
Hi Guys,

what do you guys think about FX options expiring today?

Eur 3.4bn @ 1.0500 (i assume most of these are put options)

Eur 1.1bn @ 1.0530 (i assume most of these are Call options)

Eur 2.3bn @ 1.055 (i assume most of these are Call options)

so my theory is that the price will bounce inbetween 1.05000 and 1.05300 so as they do not trigger the strike price
  • #9,235
  • Dec 16, 2024 2:36am Dec 16, 2024 2:36am
Mixed eu data and pa bounced from 0500ish, wonder if 0520ish can continued to hold bull
Patience, Emotion Control and Discipline.
  • #9,236
  • Dec 16, 2024 2:41am Dec 16, 2024 2:41am
Quoting johncen
Mixed eu data and pa bounced from 0500ish, wonder if 0520ish can continued to hold bull
Services coming out better this is against the inflation down trend so it might not hold!

Edit: Anything happens at 0540 and 0480 should watch!
Looking for profitable short term trades ...|
  • #9,237
  • Dec 16, 2024 2:42am Dec 16, 2024 2:42am
Quoting Js3mwtRc
{quote} Services coming out better this is against the inflation down trend so it might not hold!
yea bull seems they want to go higher
my sl is slightly above 0526 let see
Patience, Emotion Control and Discipline.
  • #9,238
  • Dec 16, 2024 4:17am Dec 16, 2024 4:17am
Quoting johncen
{quote} yea bull seems they want to go higher my sl is slightly above 0526 let see
rejected now a test to 0480ish?
Patience, Emotion Control and Discipline.
  • #9,239
  • Dec 16, 2024 4:34am Dec 16, 2024 4:34am
Quoting Js3mwtRc
{quote} Services coming out better this is against the inflation down trend so it might not hold! Edit: Anything happens at 0540 and 0480 should watch!
Exactly! to me 530 - 550 is barrier, downward trend is still valid, but when bulls taste 0460-0480ish they get anxious and hoping bounce upward.
Wonder how long these levels will pingpong.

Cheers and keep them green
  • #9,240
  • Dec 16, 2024 5:07am Dec 16, 2024 5:07am
Quoting vankola
{quote} Exactly! to me 530 - 550 is barrier, downward trend is still valid, but when bulls taste 0460-0480ish they get anxious and hoping bounce upward. Wonder how long these levels will pingpong. Cheers and keep them green
I think that many 1.0450/60 zone buyers have left the ship for now but not at higher levels. When big money decides to push it will not respect any of the up or down levels.

Thanks you too!
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