- #228,725
- Jun 23, 3:27am (6 hr ago) Jun 23, 3:27am (6 hr ago)
based on the market context very strong down trend continue if you miss the entry level, better wait for pullback if happen.
Based on our current chart reading on EURUSD:
Based on our current chart reading on EURUSD:
- Moving Average: Downtrend
- Bollinger Bands: Downtrend Breakout
- RSI Momentum: Downtrend (Accelerating)
- Structure: Very Strong Downtrend Bias
- Signal: Confirmed (Open sell order)
Market Outlook: The current price of 1.14093 is already well below the Entry Point (EP) of 1.14270 and is actively moving toward the Take Profit levels. This is a late entry; it is better to wait for a potential pullback toward the EP area before considering a position.
- Entry Point (EP): 1.14270
- TP1: 1.13830 (44 pips)
- TP2: 1.13537 (73 pips)
- SL: 1.14563 (29 pips)
Note: Decision is yours, forex is risky.
- #228,729
- Jun 23, 5:30am (4 hr ago) Jun 23, 5:30am (4 hr ago)
- Joined Aug 2024 | Status: Trader | 1,095 Posts
1.1408 H4 open. Below this, it's a magnet for the bears
. We need a reclaim above and close above 1.1408 to have any chance of moving higher.
. We need a reclaim above and close above 1.1408 to have any chance of moving higher.
- #228,731
- Jun 23, 6:11am (3 hr ago) Jun 23, 6:11am (3 hr ago)
- Joined Aug 2024 | Status: Trader | 1,095 Posts
- #228,732
- Jun 23, 6:28am (3 hr ago) Jun 23, 6:28am (3 hr ago)
In my opinion
1- This is the most difficult scenario; you cannot sell because the price is very low and has not undergone any upward correction.
2- At the same time, buying in anticipation of an upward correction is a weak play; there are insufficient signals to justify opening a long position.
3- I will look for buy signals—if any appear—aiming for a correction, after which I can resume selling.
4- I am monitoring the situation.
1- This is the most difficult scenario; you cannot sell because the price is very low and has not undergone any upward correction.
2- At the same time, buying in anticipation of an upward correction is a weak play; there are insufficient signals to justify opening a long position.
3- I will look for buy signals—if any appear—aiming for a correction, after which I can resume selling.
4- I am monitoring the situation.
Often, your absence is better than your presence.
- #228,734
- Edited 6:57am Jun 23, 6:42am (3 hr ago) | Edited 6:57am
It’s currently oversold across the board—on the minute, hourly, and even daily charts! In some areas, it’s even extremely oversold, which really screams for a long position, but I’m holding back for now and watching how things play out. In any case, a massive reversal is coming, but it could still fall further first. 
Update: Although they have the upper hand, things are getting more dangerous for the bears by the minute as the situation becomes increasingly extreme. The question will be who blinks first.
Update: Although they have the upper hand, things are getting more dangerous for the bears by the minute as the situation becomes increasingly extreme. The question will be who blinks first.
- #228,735
- Jun 23, 6:46am (3 hr ago) Jun 23, 6:46am (3 hr ago)
- Joined Dec 2020 | Status: Re█████ | 2,876 Posts
Air force
Time for reversal to 1425
- #228,740
- Jun 23, 7:20am (2 hr 37 min ago) Jun 23, 7:20am (2 hr 37 min ago)
- Joined Sep 2018 | Status: Trader Man | 2,128 Posts
W1 I've had a sell position in progress since last week for swing trading; this is my potential TP (Profit Take) plan. Averaging 200 {image}
"No pain no gain"