{quote} I have a gut feeling the market will go with the former scenario.
Therefore, I first anticipate a dip so that bulls can gain momentum later...
Step by step!
Focus only on what truly matters!
- #229,481
- Jul 16, 2026 3:03pm Jul 16, 2026 3:03pm
- Joined May 2014 | Status: Full Time Trader | 27,457 Posts
Therefore, I first anticipate a dip so that bulls can gain momentum later...
Step by step!
- #229,482
- Jul 16, 2026 3:11pm Jul 16, 2026 3:11pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,532 Posts
The Bulls likely need more sellers (to capture) to break those barriers and see if they can reach the 1.16000 price level by next week.
Spot data:
Spot data:
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #229,483
- Jul 16, 2026 3:28pm Jul 16, 2026 3:28pm
{quote} For that, D1 bulls must work harder... real harder... because ~1.1465 area is acting like a concrete wall at the moment... Therefore, I first anticipate a dip so that bulls can gain momentum later... Step by step!
When the trumpet sounds, you won't be able to hear the techno anymore.
- #229,484
- Jul 16, 2026 3:43pm Jul 16, 2026 3:43pm
- Joined May 2014 | Status: Full Time Trader | 27,457 Posts
Focus only on what truly matters!
- #229,485
- Jul 16, 2026 3:49pm Jul 16, 2026 3:49pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,532 Posts
Before anything else, the Price may reach the 1.15000 handle or just the 1.14750 first before the sellers react, and suddenly target the 1.13500 price handle. Then the buyers look for a potential reversal to the mean for an intraday setup... Then let's see how it goes for next week's target of the 1.16000 price handle
Below are my current positions... buy & sell pending orders and one open buy for an intraday setup.
Sell ([email protected]) & Buy ([email protected])
Below are my current positions... buy & sell pending orders and one open buy for an intraday setup.
Sell ([email protected]) & Buy ([email protected])
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #229,486
- Jul 16, 2026 10:38pm Jul 16, 2026 10:38pm
{quote} Just because we saw it already happened doesn't mean anything... markets can repeatedly move in the same range for quite a long time... But I hear you... Overall, I will be watching 1.1450 as the more mature resistance on H4 and trade accordingly while price is below it...
Overall it's still pretty bearish. Anticipating 1.12650 bottom before going long term bullish.
In the mean time, the scalping has been extremely profitable. Good trading to all.......
- #229,488
- Jul 17, 2026 1:19am Jul 17, 2026 1:19am
- Joined May 2014 | Status: Full Time Trader | 27,457 Posts
Quick D1 Outlook
- No need to mention that trend on this timeframe is bearish... The whole market is aware of it...
- So... what matters is the reaction of 1.1459 area... Can bears stop the recent bull attacks or not? That's the question.
- As I mentioned yesterday, I expect a dip towards 1.1404 area first before bulls try again ramming the doors...
- My trading plan is: Temporarily bearish and shorting spikes as long as H1 candles open roughly below 1.1444/55 area...
Happy Friday folks 
Focus only on what truly matters!
- #229,492
- Jul 17, 2026 3:38am Jul 17, 2026 3:38am
Price is obviously at a potential bounce zone, just needing more liquidity flush and inducement to absorb selling pressure and trigger the upward move.
It's the market though, anything could happen, but keen observation for further confirmation is key at this point or maybe going short with caution if you got the guts and experience
It's the market though, anything could happen, but keen observation for further confirmation is key at this point or maybe going short with caution if you got the guts and experience
- #229,496
- Jul 17, 2026 4:08am Jul 17, 2026 4:08am
- Joined May 2014 | Status: Full Time Trader | 27,457 Posts
Focus only on what truly matters!
- #229,497
- Jul 17, 2026 4:55am Jul 17, 2026 4:55am
- Joined May 2014 | Status: Full Time Trader | 27,457 Posts
No news.. no trigger.. no volatility.. no nothing...
I will check later... Siesta time...
Cheers
I will check later... Siesta time...
Cheers
Focus only on what truly matters!
