Hi I'm new, short 1.1403.
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- #228,922
- Jun 26, 10:22am (15 hr ago) Jun 26, 10:22am (15 hr ago)
Bulls are playing really poorly I'm looking for a good short entry again. Bulls had their chance. What a bunch of losers—they didn't defend a single uptrend line. Todays uptrend lines are becoming resistance.
When the trumpet sounds, you won't be able to hear the techno anymore.
- #228,923
- Jun 26, 10:51am (15 hr ago) Jun 26, 10:51am (15 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,328 Posts | Online Now
Quick D1 Recap
Today, 1.1421 area got retested... The test is still unfolding.. therefore: no rush...
And those who risk buying, just know that up until 1.1463 area we are still in bear territory.
Always double check and buy as deep as you can! I personally prefer to sell spikes though..
Cheers
Today, 1.1421 area got retested... The test is still unfolding.. therefore: no rush...
And those who risk buying, just know that up until 1.1463 area we are still in bear territory.
Always double check and buy as deep as you can! I personally prefer to sell spikes though..
Cheers
Focus only on what truly matters!
- #228,925
- Edited 12:00pm Jun 26, 11:11am (15 hr ago) | Edited 12:00pm
Well, one thing has become increasingly clear: the Iran conflict is unlikely to end unless a genuine solution is found and lasting peace is restored. As long as that uncertainty remains, it will continue to weigh on the euro.
Just as a simple comparison: crude oil is trading almost back at the levels seen before the conflict began, yet EURUSD is only around 1.14. Before the conflict, it was trading above to 1.18! That, in my view, says a lot. Because of this, I now believe we are likely to see fresh lows for the year, even though I wrote that 1.1324 might have marked the year's bottom. My view has changed, and I now think the pair is likely to move even lower.
For now, I intend to use every rise as an opportunity to sell. Good luck and happy weekend to you all.
Just as a simple comparison: crude oil is trading almost back at the levels seen before the conflict began, yet EURUSD is only around 1.14. Before the conflict, it was trading above to 1.18! That, in my view, says a lot. Because of this, I now believe we are likely to see fresh lows for the year, even though I wrote that 1.1324 might have marked the year's bottom. My view has changed, and I now think the pair is likely to move even lower.
For now, I intend to use every rise as an opportunity to sell. Good luck and happy weekend to you all.
- #228,926
- Jun 26, 11:19am (15 hr ago) Jun 26, 11:19am (15 hr ago)
- Joined Sep 2018 | Status: Trader Man | 2,136 Posts
{quote} It seems to be a support, but for now I'll continue with this swing position. {image}
I exited the short trade and flipped my position; I am currently on the bullish side. Pivot S3 price is 1.13260.
I haven't set a Take Profit (TP) yet.
Wishing everyone a wonderful and blessed weekend.
...
"No pain no gain"
I'm Aayush.j
- #228,931
- Jun 26, 10:00pm (4 hr ago) Jun 26, 10:00pm (4 hr ago)
- | Joined Aug 2024 | Status: Trader | 2 Posts
H1: I am getting ready to look for selling opportunities. The required condition: Candles must not open above 1.1394! As long as below, I will try selling with help of M15 or M5! Good luck
- #228,933
- Jun 27, 1:36am (43 min ago) Jun 27, 1:36am (43 min ago)
- Joined May 2014 | Status: Full Time Trader | 27,328 Posts | Online Now
{quote} Hi Ata Turkoglu, thanks for the analysis. Do you enter trades based only on the channel, or do you also consider fundamental reasons? Hope your trade hits the target.
The channel is mainly a guideline for me, not an entry tool.. I keep an eye on breakouts yes, but I don't enter solely based on channel breakouts.. That said, I might step down to the smallest timeframe and just before I put an order I can use the micro channel breakout for precise entry.. but again: a channel alone as a signal is not enough!
I hope it answers...
Focus only on what truly matters!
- #228,934
- Last Post: Jun 27, 1:54am (25 min ago) Jun 27, 1:54am (25 min ago)
- Joined May 2014 | Status: Full Time Trader | 27,328 Posts | Online Now
Quick H4 Outlook
To keep it simple: Bearish channel is intact. I want to keep selling yellow zone. 1.1414 is my current nearest resistance..
Because of weekend kicking in, I didn't leave any orders open, otherwise I would let my short orders run and continue watching if new breakout occurs.
On Monday, the duty is to sell as high as I can and then hoping for a breakout. OR, I could wait on sidelines and enter after a breakout. A matter of choice. The latter is safer but has the risk to miss out on high price entry because breakouts can print wild long candles sometimes and then it is too late to enter short at those lows. That's why I also step down to H1 or M15 to catch early signs.
Anyways.. That was my two cents... I hope it helps...
Wishing you all a happy weekend dear friends.. Peace out...
To keep it simple: Bearish channel is intact. I want to keep selling yellow zone. 1.1414 is my current nearest resistance..
Because of weekend kicking in, I didn't leave any orders open, otherwise I would let my short orders run and continue watching if new breakout occurs.
On Monday, the duty is to sell as high as I can and then hoping for a breakout. OR, I could wait on sidelines and enter after a breakout. A matter of choice. The latter is safer but has the risk to miss out on high price entry because breakouts can print wild long candles sometimes and then it is too late to enter short at those lows. That's why I also step down to H1 or M15 to catch early signs.
Anyways.. That was my two cents... I hope it helps...
Wishing you all a happy weekend dear friends.. Peace
out...
Focus only on what truly matters!