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Quoting vinesh1

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Quick outlook. If we close week above 1.115 -1.2 which is very possible we are looking at sweeping or double topping the April highs. We are already above above 50 percent fib of the rise from March. If we close week below these levels we are looking at 1.095 - 1.08 which happens to be a demand zone of the rise in March. Next zone below would be 1.05 - 1.035 level Very early days

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Quoting vinesh1

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{quote} Quick update on this. I am looking for price to either rally to 1.29 first then do a big drop or price to drop to previously mentioned lows around 1.09-108 and then rise to 1.29. Either way all this needs to happen before end of month. I am leaning towards the second scenario but who knows.

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Quoting Pozemstan

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The bulls did not disappoint and reached TP 1.13333 (many pips) ... it is quite likely that it will go higher, even Nostradamus predicted it ... BUT ... again I am scared by the unclosed bullish GAP, which the market did not even try to close, so I prefer to wait and gradually enter sell orders... I have already entered a few sell stops, so we will see when they are triggered ... GLA

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Quoting Ata-Turkoglu

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{quote} Není třeba se bát, dokud se H1 svíčky otevírají nad 1,1311... To je skvělé na tom, že se vždycky jde krok za krokem... Jakmile (nebo POKUD) se H1 svíčky otevřou pod ~1,1311, můžeme si užívat, jak všichni předstíráme strach, jen žertuji... S pozdravem

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Quoting Pozemstan

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{quote} Well, it scared me a few months ago and then I waited almost two months for the market to come back to my buy order... I've been very happy for the last two days, so why try your luck... and I think if I hold a sell order close below your 1.1311 and it triggers and goes higher, I'll wait a shorter time than if I held a long near this level and it immediately started falling... of course, if I see bullish strength, I'll join in too, but for now I see that the bulls are a bit overeating.

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Quoting vinesh1

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We are simply retesting the break that occurred May 8th. Now, there is a double top sort of May 6th and May8th so we may stretch to that. Will add more to the shorts if it reaches there. There is also a double top sort of at 1.42 Break and close above the 1.36-1.38 will take us to test of new highs.

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Quoting fxcontest

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Scalping Sell {image}

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Quoting Ata-Turkoglu

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{quote} Znovu: vidíte nějakou H1 svíčku uzavírající se pod 1,1311? *„Měl jsem v životě spoustu starostí, z nichž většina se nikdy nestala.“ Mark Twain

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Quoting Pozemstan

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{quote} I don't see yet what is good for my sell stops but for me this level is like a knife through butter, so it just shows on H1 where it could turn if we close below it ... for me the main levels are now 1.14444 and 1.11111, where bigger fights are taking place and I will watch them ... but as I already wrote if some bullish momentum starts again, I will join but I don't want to wait for it, if I don't want to be at the monitor today ... By the way my second target is still at 1.14444 and therefore I prefer to watch and add sell positions, that's...

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Quoting HusainAbbas

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The outlook is very tricky here. You might get bored watching this slow sluggish move. However waiting is of utmost importance and waiting without tension of losing is also very important in this business. Now I am still holding long with targets adjusted little and sl adjusted little. Here is the outlook currently. Calendar is empty but I think one must not think that way as any sudden outbreak might move it. {image} You have to wait and wait as long as possible and not do or change anything out of order.

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Quoting HusainAbbas

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{quote} I saw it but the amount of down move or pip move in the bearish move is what I am thinking of..Probably it will slide now but my wish is with the bulls to survive it!

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Quoting vinesh1

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Trapping high buyers by faking breakouts etc. Seen this far too many times. Don't get suckered into. Besides we have a gap to fill down below.

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