1.17014 has held, same for 1.17129, hence I would expect some more bullish continuation, but I remain careful nonetheless at those levels…
2000 elo sometimes...
{image}
- #225,825
- Apr 24, 2026 12:05pm Apr 24, 2026 12:05pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #225,827
- Apr 24, 2026 12:58pm Apr 24, 2026 12:58pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Calling it a day here at 1.1715... next week I hopefully continue buying dips..
Take care and enjoy your weekends folks..
Stay safe and be blessed
Take care and enjoy your weekends folks..
Stay safe and be blessed
Focus only on what truly matters!
- #225,828
- Edited 1:14pm Apr 24, 2026 1:04pm | Edited 1:14pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
And before I go... Please also keep the W1 chart in mind.. ~1.1782 is key resistance here!
*If bulls fail, we are probably going back to revisit 1.1571 area..
Ciao ciao
*If bulls fail, we are probably going back to revisit 1.1571 area..
Ciao ciao
Focus only on what truly matters!
- #225,830
- Edited 4:42pm Apr 24, 2026 1:46pm | Edited 4:42pm
- | Joined Oct 2012 | Status: Trader | 938 Posts
Calling it a day here at 1.1715... next week I hopefully continue buying dips.. Take care and enjoy your weekends folks.. Stay safe and be blessed
Args saying it can:
1. price has bounced very neatly off the bot TL of the "wall of worry" chan on the H1 (more easily discerned of the H4) suggesting upward continutation of chan,
2. nice clean bounce off the 76.4 FIB of the major 2020-2022 down move seen earlier today on the D1,
3. EURUSD looks like its getting ready to close above the 200 DMA (Edit: meant to say 100, and it did close above)... but, won't know til EOD,
4. And here's a wild proposition: what if the IRGC elites have decided there is no way out and that they each need to get a big wad of cash; then, find separate bolt holes to hide in (prob not a good idea to stick around long after what did to all those protesters)... and Mr. Art of the Deal is facilitating such a plan to end the war on very good terms for the USA and the rest of the world? Now, where could we discretely find a really, really huge wad of cash?? hmm... Isn't the EURUSD currency market the single deepest and most easily accessible market in the world at ~ $1.7 trln trade volume per day? ... and suppose the IRGC elite have been building a monster LONG position on the recent wall of worry with the small retrace, past few days. WHAT IF they FULLY capitulate to US demands this weekend? ...the EURUSD would go to the moon and they would be swimming in cash!!! And re-enforcing that, DT explained a few weeks ago how he is able to make the USD go up and down like a yo-yo! So, it could happen, and WHAT. A. DEAL. that would be!
I've been thinking about a small long eu position over the weekend. I don't know...
- #225,831
- Apr 24, 2026 2:37pm Apr 24, 2026 2:37pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} Have a great weekend... and was just wondering: can EURUSD break up through the D1 down chan from jan 28 ...which has held several times in past 2 weeks? Args saying it can: 1. price has bounced very neatly off the bot TL of the "wall of worry" chan on the H1 (more easily discerned of the H4) suggesting upward continutation of chan, 2. nice clean bounce off the 76.4 FIB of the major 2020-2022 down move seen earlier today on the D1, 3. EURUSD looks like its getting ready to close above the 200 DMA... but, won't know til EOD, 4. And here's...
I hope it answers. Peace
out...
Focus only on what truly matters!
- #225,832
- Apr 24, 2026 2:55pm Apr 24, 2026 2:55pm
{quote} did you longed this drop coz i did thanks cheers
Market closes in just over an hour.
I have high conviction in my analysis and am willing to take the risk and hold over the weekend even if I end up getting mauled for it. If you are not prepared to take the risk of the market gapping against you then it's best to close out your order now as it's the safest option. You've got an hour to decide what to do. If you do decide to hold think carefully about your stops too as even a small gap down over the weekend and the high spreads on market open could trigger your stops if its too close to price.
- #225,833
- Apr 24, 2026 3:25pm Apr 24, 2026 3:25pm
And before I go... Please also keep the W1 chart in mind.. ~1.1782 is key resistance here! *If bulls fail, we are probably going back to revisit 1.1571 area.. Ciao ciao
Thankyou.
I very rarely look at anything above the daily but after having a good look at your chart and then a good look at mine i will be paying attention to it next week if im still holding my long to help decide if i want to hold this past the april 17th high if price makes it near there (which im predicting it will)
- #225,835
- Apr 25, 2026 2:07am Apr 25, 2026 2:07am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
H1 or M15 Plan for Monday (Based on H4)
- Now, that we know that price is squeezed between to layers that acted as support and resistance in the near past, I am anticipating that ~1.1663 area (i.e. the area of the lower trendline) is highly likely to act as support.
- Since bulls will keep trying while candles open above this layer, I stay bullish to see how bulls perform.
- If candles drop below ~1.1663, then I have to cancel the bullish plan.
- If candles stay above ~1.1663, I will stay a buyer of dips on H1 and M15.
- In the end, bulls eventually have to defeat the upper trendline if they want continuation and there we must see if they succeed to stay above ~1.1749 roughly (i.e. if they are able to stay above the upper trendline).
- Long story short: Focus on support, keep buying dips as low as you can and afterwards, watch what happens around resistance. Keep it simple!
Enjoy your weekends and hopefully we meet again on Monday...
Focus only on what truly matters!
