cant believe i missed this move
- #227,602
- May 29, 2026 7:58am May 29, 2026 7:58am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #227,604
- May 29, 2026 8:02am May 29, 2026 8:02am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #227,606
- May 29, 2026 8:09am May 29, 2026 8:09am
{quote} I drewed this picture for you, the diagonal lines show the channel, together they made a wedge. I expect 20-25 pips to the upside .1660-65, its still not ready yet and wouldn't be surprised if it tested .1630 {image}
while the objective is profit, the job description is risk management
- #227,608
- May 29, 2026 8:15am May 29, 2026 8:15am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Calling it a day an week here at 1.1677..
Enjoy your weekends folks... Peace
out..
Enjoy your weekends folks... Peace
out..
Focus only on what truly matters!
- #227,614
- May 29, 2026 1:01pm May 29, 2026 1:01pm
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Quick Weekly Outlook
- So far, to me it looks like bulls are slowly getting warmed up.
- Last week was the completion of revisits to the lows of the bullish engulfing. This week was more like bulls slowly awakening and reaching higher.
- Next week I would say, as long as ~1.1608 area acts supportive, the rise should continue, targeting ~1.1728 area.
- Because my MACD lines are currently flat, it would be wise to stay prepared for choppy price action next week.
My two cents... Wishing you all a restful weekend dear friends..
Peace out...
Focus only on what truly matters!
- #227,617
- May 29, 2026 11:11pm May 29, 2026 11:11pm
Quick Weekly Outlook So far, to me it looks like bulls are slowly getting warmed up. Last week was the completion of revisits to the lows of the bullish engulfing. This week was more like bulls slowly awakening and reaching higher. Next week I would say, as long as ~1.1608 area acts supportive, the rise should continue, targeting ~1.1728 area. Because my MACD lines are currently flat, it would be wise to stay prepared for choppy price action next week. My two cents... Wishing you all a restful weekend dear friends.. Peace
I'm Aayush.j
- #227,620
- May 31, 2026 12:08am May 31, 2026 12:08am
Quick Weekly Outlook So far, to me it looks like bulls are slowly getting warmed up. Last week was the completion of revisits to the lows of the bullish engulfing. This week was more like bulls slowly awakening and reaching higher. Next week I would say, as long as ~1.1608 area acts supportive, the rise should continue, targeting ~1.1728 area. Because my MACD lines are currently flat, it would be wise to stay prepared for choppy price action next week. My two cents... Wishing you all a restful weekend dear friends.. Peace
Anyhow, a kind of “understanding” between the US and Iran AND an ECB rate hike could boost the EUR initially up to 1.1770+- with a brief spike to 1.1919. Since the ECB hike is with 90% almost sure... but the FED action later the month is not (the FED might hesitate for the time being...) that will give EUR bulls a boost.
Until... later July/August when the tide turns.
That would establish itself in the charts as a nice H&S within a potential Diamond pattern... let's see
