wound off the position at 1.1649
- #212,663
- Edited 1:30am Aug 8, 2025 1:20am | Edited 1:30am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote} Come back to our camp, we know you're a bull, leave the bears behind. {image}
Focus only on what truly matters!
- #212,664
- Aug 8, 2025 1:26am Aug 8, 2025 1:26am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Meanwhile, on H1...
- Either we will have a new bullish breakout soon or bears will try to retest 1.1632...
- I enjoyed selling 1.1680 (could enter at 1.1677)... Took profit at 1.1650 and now waiting on sidelines for the next opportunity.
Happy trading day folks 
Focus only on what truly matters!
- #212,665
- Aug 8, 2025 1:33am Aug 8, 2025 1:33am
Meanwhile, on H1... Either we will have a new bullish breakout soon or bears will try to retest 1.1632... I enjoyed selling 1.1680 (could enter at 1.1677)... Took profit at 1.1650 and now waiting on sidelines for the next opportunity. Happy trading day folks
I’m curious—how did you recognise the entry at 1.1680 for a short?
- #212,670
- Aug 8, 2025 2:21am Aug 8, 2025 2:21am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
{quote} Caught up in your own fantasies I guess you haven't sold 1.1680 area, have you?
- #212,672
- Aug 8, 2025 2:40am Aug 8, 2025 2:40am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote}
Focus only on what truly matters!
- #212,673
- Aug 8, 2025 2:41am Aug 8, 2025 2:41am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote} Hey Ata, great trade! I’m curious—how did you recognise the entry at 1.1680 for a short?
Based on H4, from here on forwards I will only check 1.1680... As long as H4 (and H1) candles open above this level I stay bullish! *Only a few seasoned traders will understand how important 1.1680 is! {image}
Focus only on what truly matters!
- #212,674
- Aug 8, 2025 2:42am Aug 8, 2025 2:42am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
{quote} Caught up in your own fantasies I guess you haven't sold 1.1680 area, have you?
so I might buy there then
))
- #212,677
- Edited 3:43am Aug 8, 2025 3:30am | Edited 3:43am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote} Not yet, but next week there might be a good buying level and strong support, so I might buy there then
The story on H4 is that trend actually turned bearish first. BUT then, bulls came back very aggressively and we ended up in rising above breakout level: 1.1632!
This level is sort of support now but actually was supposed to hold bulls. That turns the expanding triangle area that candles are currently in, into a "limbo" zone.
Meaning:
- H4 chart is still bearish (because selling pressure is still there, coming from the trendline that is now interfering with bulls roughly at 1.1693!
- Chart might have also turned back to bullish now, because 1.1632 is supportive.
- So what to do? My best practice is to stick to latest trend: bearish! My main goal is to sell the touches to the bearish trendline until failure!
In other words, I am currently trying to sell 1.1680/90 area! - In the meantime, I also still try to make use of buying the dips to 1.1632... but whenever I buy, I try to be more cautious than selling because buying is dangerous in situations like this. Market always remembers what actually happened. It doesn't forget easily. So, the bearish breakout is like a ticking bomb. Bears could take back control at any day. We must stay alert!
That's all that I wanted to clarify... My two cents...
Best wishes
Focus only on what truly matters!
