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  • #12,221
  • Apr 14, 2025 8:04pm Apr 14, 2025 8:04pm
Despite the bearish pressure at the moment, I still feel the line of least resistance is bullish due to the higher timeframes. I could be wrong though as I am a beginner.
  • #12,222
  • Apr 14, 2025 10:48pm Apr 14, 2025 10:48pm
The EUR/USD traded between 1.1381 and 1.1315 without a clear direction, forming part of a larger correction from 1.1474. Resistance is at 1.1424, and a break above could target the high of 1.1474. However, a drop below support may lead to yesterday's low of 1.1295 or further to 1.1275.

Green pips!


Daily volatility (range) 81 pips

Option expiries for Tuesday: 1.0800 (EU1.56b), 1.1250 (EU1.4b), 1.0870 (EU1.29b) Source: financialjuice.com

Significant news - German ZEW survey

1H
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #12,223
  • Apr 14, 2025 11:15pm Apr 14, 2025 11:15pm
The fight continues!
Attached Image (click to enlarge)
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Patience, Emotion Control and Discipline.
  • #12,224
  • Apr 14, 2025 11:25pm Apr 14, 2025 11:25pm
Quoting johncen
The fight continues! {image}
I think we should wait for the ECB at Thursday for a break out and then the next day it's a holiday for US (Easter). Today a bearish ZEW might drop it to or below 1.1300 one more time but yet the up-trend at daily is alive.
Looking for profitable short term trades ...|
  • #12,225
  • Apr 14, 2025 11:30pm Apr 14, 2025 11:30pm
Quoting Js3mwtRc
{quote} I think we should wait for the ECB at Thursday for a break out and then the next day it's a holiday for US (Easter). Today a bearish ZEW might drop it to or below 1.1300 one more time but yet the up-trend at daily is alive.
correct as 1300 remain supporting the pair, we just have to bear in mind that we are in a strong bull trend, bull can take ur to 1500 or even higher!
Patience, Emotion Control and Discipline.
  • #12,226
  • Apr 14, 2025 11:36pm Apr 14, 2025 11:36pm
Also I think in the fundamentals the Fed people are cautious to buy USD because interest rates, where as Eurozone's economy is doing well, so that favours bullish in the fundamentals I think, correct me if I'm wrong. The long term trend seems to go with the fundamentals, so that's all helps to justify the thesis, a bearish trade would be a counter trend trade which is fine if you know what you're doing I guess.
  • #12,227
  • Apr 15, 2025 12:12am Apr 15, 2025 12:12am
Quoting Matts Micro
ST plan. Trading the continuation of the previous Gartley. It is a rather weak Gartley due to the fact it drew short a pip or 2 on on a couple of points but I believe the order flow to be present enough to take PA up the 1.488 zone where I will be looking to potentially flip to a short. Trade is going against me at the moment and I have extended the SL slightly. If trade works though, it will still be over a 2:1 R:R. {image}
Market was fairly flat yesterday. I had a couple of losses a TS win and a couple of BE+. The losses were small- trying to snipe into larger moves as per my strat.

Not sure if we have enough punch yet to lift off out of this range but the completion of last hours candle was my signal that we are going higher.... my signals some of the time can be pre-emptive however with a potential new LL before it remembers it needs to go up. The Bollinger Bands must be closing (I don't use, just the theory in a mental pic as a spring board) and the bull flag may lift off to my longer term plan to around the 1.86 zone before the bears kick back in hard.

Attached Image (click to enlarge)
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Quoting bill1985
{quote} How common is this pattern on 4h chart with this pair. Im having trouble identifying them as I'm still learning. Thanks!!
Hey bill, Gartley's are uncommon especially if you are limited to one TF / Pair. There are other patterns- Bats, Butterfly's, crab etc. that you can watch for as well but it is about learning Order Flow and why the market moves as it does.

I will recommend a good thread where you can study but it is sad because a guy that put so much effort in turned out to be a huge hypocrite and was taken to court and banned from trading due scamming. His information is good but it needs to be incorporated into your own style to work.

https://www.forexfactory.com/thread/...t-way-to-trade
As the lights go by so too do the shadows move
  • #12,228
  • Apr 15, 2025 2:27am Apr 15, 2025 2:27am
Come on bear!
Patience, Emotion Control and Discipline.
  • #12,229
  • Apr 15, 2025 2:52am Apr 15, 2025 2:52am
eurusd and dxy 1H
trendlines
Attached Image(s) (click to enlarge)
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Trendlines H1,H4, SMC
  • #12,230
  • Apr 15, 2025 2:55am Apr 15, 2025 2:55am
Quoting johncen
Come on bear!
bear failed to impressed so maybe bull will try now
Patience, Emotion Control and Discipline.
  • #12,231
  • Apr 15, 2025 3:07am Apr 15, 2025 3:07am
I'll keep Selling
Holy Betting Grail strategy
  • #12,232
  • Apr 15, 2025 3:07am Apr 15, 2025 3:07am
Quoting johncen
{quote} bear failed to impressed so maybe bull will try now
Break above the triangle! 1.1424 might hold for another drop down but above I see only 1.1474/95 & 1.1500.
Looking for profitable short term trades ...|
  • #12,233
  • Apr 15, 2025 3:49am Apr 15, 2025 3:49am
Quoting Js3mwtRc
{quote} Break above the triangle! 1.1424 might hold for another drop down but above I see only 1.1474/95 & 1.1500.
tried both end and back to the middle now, maybe need the news to push.

tariff talk kinda lack of update for now
Patience, Emotion Control and Discipline.
  • #12,234
  • Apr 15, 2025 3:58am Apr 15, 2025 3:58am
Quoting johncen
{quote} tried both end and back to the middle now, maybe need the news to push. tariff talk kinda lack of update for now
It might correct lower now if news come red - German ZEW!
Looking for profitable short term trades ...|
  • #12,235
  • Apr 15, 2025 4:05am Apr 15, 2025 4:05am
EURUSD H4
trendlines
pattern: the rising wedge
let's see if we can overcome today's highs, if not, we can go down
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #12,236
  • Apr 15, 2025 4:08am Apr 15, 2025 4:08am
Quoting Js3mwtRc
{quote} It might correct lower now if news come red - German ZEW!
-14. Thinking on tarrifs now. 1.1381 - 1.1424 and 1.1315/20 - 1.1295. My levels.
Looking for profitable short term trades ...|
  • #12,237
  • Apr 15, 2025 4:47am Apr 15, 2025 4:47am
Quoting Js3mwtRc
{quote} -14. Thinking on tarrifs now. 1.1381 - 1.1424 and 1.1315/20 - 1.1295. My levels.
Bull still can handle the situation cause a big part from the drop on ZEW is because of the US trade policy (bearish dollar) but need to be cautious on short term volatility.
Looking for profitable short term trades ...|
  • #12,238
  • Apr 15, 2025 4:49am Apr 15, 2025 4:49am
This is frustrating when price becomes idle and there is not much movement of either bullish/bearish moves since morning.
  • #12,239
  • Apr 15, 2025 4:50am Apr 15, 2025 4:50am
Quoting fxcontest
I'll keep Selling
Sell entry filled, Now watch Movies and listening Music, Relaxing and Waiting TP hit
Holy Betting Grail strategy
  • #12,240
  • Apr 15, 2025 5:06am Apr 15, 2025 5:06am
Quoting johncen
{quote} tried both end and back to the middle now, maybe need the news to push. tariff talk kinda lack of update for now
EU reached monthly resistance, around 1.14, H1 range is still bullish, which provides good movements, this morning 40 pips in both directions, near PDC, not too bad until news comes and cleans up the B/S sides, time,
'In the clearing stands a boxer And a fighter by his trade..'
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