As we speak bulls can't take 1.0525 and the news coming after the London open will likely not be great for the euro. French PMI is on deck and France is stagnating. Numbers better than expected could show some upside in this session. But I suspect on a longer horizon EURUSD is headed to parity.
- #203,503
- Dec 16, 2024 4:52am Dec 16, 2024 4:52am
- Joined May 2014 | Status: Full Time Trader | 27,133 Posts | Online Now
Focus only on what truly matters!
- #203,506
- Dec 16, 2024 6:19am Dec 16, 2024 6:19am
- Joined May 2014 | Status: Full Time Trader | 27,133 Posts | Online Now
{quote} I'm in on longs as we speak, entered 5 minutes ago, at what point do you think you'll be hopping in and what is your overall macro view on EURUSD as far as where it will be in say 3-6 months?
That would be a phase where current range gets narrower.
However, depending on the direction of a potential breakout, we would then either
1) go up to retest 1.1077 levels respecting circle edges... OR
2) bears could break below 1.0395 area towards 1.0312 and if still no support, even lower.
That's my overall "rough" thinking.. Let's see how this plays out..
Best wishes
Focus only on what truly matters!
- #203,507
- Dec 16, 2024 6:26am Dec 16, 2024 6:26am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
Based on DAILY, there is no guarantee that trendline will support but as long as it does, bulls will try to reach ~1.0593 area... Happy new trading week to all
Just trying with AI EAs this days with small real account.
I don't know if I am wrong or not
All I know is that I was confused
The results I got so far are:
1_ must of them are playing martingle:
5-10 pip up: Buy stop
5-10 pip down: sell
2_ they use Suppors and resistance/ they trade on channels.
3_ Scalp with differences between spreads
But so far; my strategy was so so simple:
I trade between channels and MACD
For now:
1min sell
5 min buy scalp
15 & 30 min down sell
1h strong sell
H4 not really strong but naturall and like to down
1.0456
To
1.0586
My is my trading channel buy and sell both!
A little beginner trader since 2006
- #203,508
- Dec 16, 2024 7:01am Dec 16, 2024 7:01am
- Joined May 2014 | Status: Full Time Trader | 27,133 Posts | Online Now
Focus only on what truly matters!
- #203,512
- Dec 16, 2024 7:31am Dec 16, 2024 7:31am
- | Joined Mar 2022 | Status: Trader | 1,093 Posts
been searching for the reason 
