Hi Friends,
back from some outside activities
let us have a look again at the blue channel
now I zoom to the 15min TF
Disliked{quote} 1.2500 is good defended by 1.2544. 1.2544 indicates today 1.2730 and my target is 1.2993.5 (it's a expanded triangle). If 1.2544 don't hold 1.2500-15 area is on the cards for 1.2993.5. On my system EU can not go lower (1.2500) before we don't hit 1.2900. 1.2900 is key zone atm. Short view: Market will range here now between 1.2600-20 and start an new rallye to 1.2730 when US-Session is open. that is my view. I'm long 1.2544 to 1.2730 today.Ignored
Disliked{quote} 1.2500 is good defended by 1.2544. 1.2544 indicates today 1.2730 and my target is 1.2993.5 (it's a expanded triangle). If 1.2544 don't hold 1.2500-15 area is on the cards for 1.2993.5. On my system EU can not go lower (1.2500) before we don't hit 1.2900. 1.2900 is key zone atm. Short view: Market will range here now between 1.2600-20 and start an new rallye to 1.2730 when US-Session is open. that is my view. I'm long 1.2544 to 1.2730 today.Ignored
Disliked{quote} Hi Friends, back from some outside activities let us have a look again at the blue channel now I zoom to the 15min TF {image}Ignored
Disliked{quote} You´re right if I took that level subjective. I didnt, I just follow numbers, remaining is Money - and Riskmanagement. So if you ask why it took my attention, its simple: What if those sellers are still holding? Market will be attracted to that price; Reason: Liquidity. Add: I hope I dont have to mention I can be wrong {image}Ignored
Disliked{quote} Yes completly agree. I think Russia needs raise probably 1.5 maybe even 2% (over 1 year peroid) which is very big but that is only way to not compose severe capital controls and kick dollar out of Russia along with other assets. But then again if USA really is that determined in this economical war to defeat Russia, they could start hiking rates too, rate hike of even 1% in USA would probably put Russian banks out of control so they will be left aloane. So in the end i think there is more to come from this economical war in next year and...Ignored
Disliked{quote} Missed your charts! And i like it............................ This are futures from EURUSD and i say good luck to ALL SELLERS here for 1.22xx etc..... {image}Ignored
Disliked{quote} You´re right if I took that level subjective. I didnt, I just follow numbers, remaining is Money - and Riskmanagement. So if you ask why it took my attention, its simple: What if those sellers are still holding? Market will be attracted to that price; Reason: Liquidity. Add: I hope I dont have to mention I can be wrong {image}Ignored
Disliked{quote} Hi my friend, good to see you back The "hole" in your shown distribution curve marked as excessive selling: maybe we have to interpret this area in another way, because on long term distributions, this area is a very high volume zone. On my charts the POC is around 3092 +/- 8 pips So in the move down to this levels, there was trading facilitated just above that level, and when market decided to drive the price lower, the mentioned area was nearly bidless, causing a severe drop. So we can assume, that the fresh-buyers of EUR above that...Ignored
DislikedEU 2h TF pink ABCDE BC = DE 1.618 x A = BE 1,236 x A = BC AE retraced nearly 90% of the move from 2500 to 2887 (would nicely qualify for a B-wave of an ABC-flat so let us wait and see, what price will do around 2660 zone with the broken upsloping corrective channel {image}Ignored
Disliked{quote} Mate it cant be POC because that area from all areas price couldnt hold itself there least of all. I guess I can see your missing link here, write me PM pls.Ignored
Disliked{quote} POC's are dependent on the duration of your distribution. As you can see on my two charts I gave with my posting, the long term distribution (864 days time span) shows the 3092 as the POC of a very high volume area (also the POC of the whole distribution is 3213, but they have nearly same underlying volume). When we have a look at the more near-term data of 160 days, the mentioned 3092 is in no way a POC. It is a "no-business-zone". Traders could not agree on that price zone and they simply pushed the price deeper until agreement was reached....Ignored
Disliked{quote} Both POC's and "no-business-zones" are many times prone for a retestIgnored
Disliked{quote} let us assume, that the pink ABCDE is a leading diagonal (down). Leading diagonals are relatively rare, so we have a bigger chance of being wrong. The wave 2 after a leading diagonal normally retraces very deep. We should expect 85% retracement. The 2760 and the 2800 area would look as nice targets then.Ignored