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  • #204,681
  • Feb 4, 2025 6:58am Feb 4, 2025 6:58am
Based on H1, I am with bulls... waiting for new breakout from circle...

*If no breakout comes, then I wait for a dip to buy 1.0302/16 area...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 21 KB
Focus only on what truly matters!
  • #204,682
  • Feb 4, 2025 7:25am Feb 4, 2025 7:25am
Two scenarios 1.036 area is critical imo
Attached Image (click to enlarge)
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  • #204,683
  • Edited 8:34am Feb 4, 2025 7:34am | Edited 8:34am
Quoting Ata-Turkoglu
Based on H1, I am with bulls... waiting for new breakout from circle... *If no breakout comes, then I wait for a dip to buy 1.0302/16 area... {image}
Be careful Ata, do you see the double top. Below 1.0316 we have a "break of trend". The USD is looking to break out of the channel...
Attached Image (click to enlarge)
Click to Enlarge Name: USDXM15_040225.png Size: 36 KB


Update: Ok, it took another dip down to the 108.3 level I ha in the chart. So, the banksters swept the yesterday low for stops. But now we look for DYX up
  • #204,684
  • Feb 4, 2025 9:14am Feb 4, 2025 9:14am
I took profit around 1.0355-ish area from my latest long order and calling it a day now.. Sidelines is good...

Tomorrow we can recalculate...

Cheers and best wishes to all
Focus only on what truly matters!
  • #204,685
  • Feb 4, 2025 9:18am Feb 4, 2025 9:18am
If we spend the night above 1.04 today ... we could go very high and not return to parity lows for a "long time" ... Go bulls GO ... It's looking good today
Nothing is impossible.
  • #204,686
  • Feb 4, 2025 9:37am Feb 4, 2025 9:37am
Quoting Ata-Turkoglu
I took profit around 1.0355-ish area from my latest long order and calling it a day now.. Sidelines is good... Tomorrow we can recalculate... Cheers and best wishes to all
I think this time, bulls are going to break through 0445 resistance after getting rejected by the same level for some correction.
  • #204,687
  • Feb 4, 2025 9:41am Feb 4, 2025 9:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,688
  • Feb 4, 2025 10:03am Feb 4, 2025 10:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,689
  • Feb 4, 2025 10:06am Feb 4, 2025 10:06am
The price reached the area where we may get a reaction from sellers . Opened SELL with SL above the zone

1H chart
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  • #204,690
  • Feb 4, 2025 10:27am Feb 4, 2025 10:27am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,691
  • Edited 11:11am Feb 4, 2025 10:46am | Edited 11:11am
Quoting SnaveForex
{quote} looks like it might dip to the 0266 area i mean a slip 0280 is support for 0345 and then 0407
This bad boy poked into the Range 0345 - 0406. We will be hanging in here for sometime. Play the range if opportunities show
0338 or even lower for range validation, 0345 could be the trigger. On the other hand 0407 could easy kiss and play back down to 0345
  • #204,692
  • Feb 4, 2025 10:47am Feb 4, 2025 10:47am
Quoting Mitiblotch
{quote} Trap? You realise people made thousands and roughly 130 pips with that gap?
ya..around 1.03950 Sentiment changed rapidly and also down there a nice gap happened..can you place a horizontal line there on 4hrs chart...it maybe of help later
  • #204,693
  • Feb 4, 2025 11:02am Feb 4, 2025 11:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,694
  • Feb 4, 2025 11:21am Feb 4, 2025 11:21am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,695
  • Feb 4, 2025 12:35pm Feb 4, 2025 12:35pm
It's so boring, no volatility from Trump tonight
  • #204,696
  • Feb 4, 2025 12:38pm Feb 4, 2025 12:38pm
Quoting AVAngelov
It's so boring, no volatility from Trump tonight
  • #204,697
  • Feb 4, 2025 1:12pm Feb 4, 2025 1:12pm
Quoting Ultras
The price reached the area where we may get a reaction from sellers . Opened SELL with SL above the zone 1H chart {image}
Not much of a reaction here, only for a quick scalp. Now it may go to the next level up 1.0410-1.0420 will see if we get a rejection there...
  • #204,698
  • Feb 4, 2025 1:21pm Feb 4, 2025 1:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,699
  • Feb 4, 2025 1:32pm Feb 4, 2025 1:32pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #204,700
  • Feb 4, 2025 1:45pm Feb 4, 2025 1:45pm
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Sometimes we get lucky with timing. I had weekend event that I had to leave town and decided to cover my long position on Friday - at a loss;-( It would have been much worse loss if I had stayed in trade over the weekend to get stopped out;-)

Back at my trading desk now. I see we have a nice head and shoulders on the chart but that has been covered with the Sunday open. So I am back to a neutral stance. Looking to go short at 1.0450 and looking to go long at 1.0270. The crazy trade action has me thinking safety first, it is important to wait for the trade. It's the best bet now to me. Play it safe.

Happy trades to you
NB
Ecclesiastes 1:9
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