- #203,784
- Jan 6, 2025 9:20am Jan 6, 2025 9:20am
- Joined May 2011 | Status: Trader | 1,584 Posts
Back to break even on my dollar slots entry at 1.0380. lol.
Looks like a bottom was hammered out 1.0220 and movers pushed it up into new range, the 1.0350-1.0450. Probably the staging ground for the next move.
I suspect the next move will be higher as the bear move is getting long in the tooth. I am keeping my 1 mini lot long at 1.0380 for now. I will be staying light on the trade until NFP and then get busy. My short term trading this week until Thursday will be buying 1.0355 and selling 1.0435, lightly.
Happy trades to you,
NB
Ecclesiastes 1:9
- #203,787
- Jan 7, 2025 12:28am Jan 7, 2025 12:28am
- Joined May 2014 | Status: Full Time Trader | 27,326 Posts
{quote} Based on H1, my latest breakout level sits at 1.0355... and while below 1.0414, I would not say "go bulls go" anymore... maybe later... The D1 trend is still bearish and therefore we must watch certain areas and proceed step by step! No rush!
Next is: Can bulls blast 1.0414 area resistance? Let's see how it goes...
Happy trading day to all
Focus only on what truly matters!
- #203,789
- Jan 7, 2025 1:49am Jan 7, 2025 1:49am
{quote} If you could quickly act and buy the dip to the mentioned level 1.0355, you are probably waiting for progress with your stop at breakeven... Next is: Can bulls blast 1.0414 area resistance? Let's see how it goes... Happy trading day to all
Nothing is impossible.
- #203,790
- Jan 7, 2025 2:57am Jan 7, 2025 2:57am
- Joined May 2014 | Status: Full Time Trader | 27,326 Posts
Quick DAILY Outlook
Today, all I care is 1.0414 area resistance...
Normally, I would simply sell this spot, but because of my MACD divergence, I am cautious and wait to see bull exhaustion first.
As long as smaller timeframes M15, M30, H1, are above 1.0414, I delay selling!
Bulls have to clearly break above 1.0482 to shift the trend back to bullish. Let's see how this day progresses...
Best wishes
Today, all I care is 1.0414 area resistance...
Normally, I would simply sell this spot, but because of my MACD divergence, I am cautious and wait to see bull exhaustion first.
As long as smaller timeframes M15, M30, H1, are above 1.0414, I delay selling!
Bulls have to clearly break above 1.0482 to shift the trend back to bullish. Let's see how this day progresses...
Best wishes
Focus only on what truly matters!
- #203,791
- Jan 7, 2025 4:50am Jan 7, 2025 4:50am
- Joined May 2014 | Status: Full Time Trader | 27,326 Posts
Focus only on what truly matters!
- #203,792
- Jan 7, 2025 5:07am Jan 7, 2025 5:07am
Quick DAILY Outlook Since we have no new bearish breakout yet: and while MACD shows divergence, I expect bullish attacks towards my dotted trendline and the previous breakout level: ~1.0414 area... Once/IF price gets there, we can further evaluate for the next step depending on resistance strength. Time will tell... Happy new trading week folks
Never Lose Hope
- #203,793
- Jan 7, 2025 5:16am Jan 7, 2025 5:16am
Quick DAILY Outlook Today, all I care is 1.0414 area resistance... Normally, I would simply sell this spot, but because of my MACD divergence, I am cautious and wait to see bull exhaustion first. As long as smaller timeframes M15, M30, H1, are above 1.0414, I delay selling! Bulls have to clearly break above 1.0482 to shift the trend back to bullish. Let's see how this day progresses... Best wishes
Never Lose Hope
- #203,795
- Jan 7, 2025 6:46am Jan 7, 2025 6:46am
- Joined May 2014 | Status: Full Time Trader | 27,326 Posts
Focus only on what truly matters!
