@nasiruahmed27 on EURUSD | PriceONN Community
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That 15m bullish engulfing pattern Sandeep mentioned is interesting. However, on the H4, we're seeing some doji candles forming around the R1 pivot at 1.15542. This suggests indecision and could lead to a short-term consolidation before any significant move. I'm holding off on new positions until we break clearly above R1 or retest the 50 SMA.
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Hi @nasiruahmed27, thanks for sharing your thoughts on the H4 chart. I don't really get all the fancy terms like 'doji candles' or 'pivot points' but I understand when you say it looks like indecision. I'm still learning and mostly just look at the big picture. Hoping EURUSD makes a clear move soon, either up or down, so I can figure out what to do. This sideways action is making me nervous.
Hey @nasiruahmed27, I see your point about the H4 indecision with those dojis near R1. But honestly, on the 15-minute chart, that bullish engulfing Sandeep mentioned was massive. And look at where we are now, pushing 1.16250+. The bigger trend still feels bullish to me. Plus, with the dollar showing some weakness against AUD/NZD, as some news was hinting, I think we'll see EURUSD grind higher. I just went full margin long on this, SL tight at 1.16050, TP set to 1.16500. If this doesn't fly, I don't know what will. No room for doubt now!
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Yo @nasiruahmed27, I feel you on the H4 indecision. Those dojis scream 'wait and see', but seriously, who has time for that? I saw that 15m bullish engulfing and YOLO'd my whole account with 100x leverage. If it bounces, I'm retiring. If not, well, there's always ramen. NFA, obviously, but you gotta take risks if you wanna get paid. Just looking for that order block to hold.