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- Alorente replied Apr 12, 2024
Closed all shorts at 1.0670. We may get a bounce now.
- Alorente replied Apr 10, 2024
Iīm still holding till my target at 1.0680.
- Alorente replied Apr 8, 2024
Iīm holding till my TP at 1.0680 on this swing for the reasons I mentioned in my previous three posts.
- Alorente replied Apr 6, 2024
If we do get another leg down next week, possibly triggered by CPI, and using the targeting tool that Ata likes to use, the target for the third leg down could be 1.0680
- Alorente replied Apr 6, 2024
Excellent analysis. If as you suggest, we move higher from here, I will be hedging my longer term shorts right along with you.
- Alorente replied Apr 6, 2024
Good Saturday to all around the world. I was looking at the Monthly chart this morning to get a longer term perspective of EurUsd. On the right side you can see the Green line in the sand that appears to be breaking now. I drew parallel lines to ...
- Alorente replied Apr 5, 2024
I donīt pay too much attention to the bounces. I am trying to stay focused on the end line, somewhere at or under 1.0700. When I was younger the zig zags used to bother me a lot. Not anymore...
- Alorente replied Apr 5, 2024
Itīs probably going to take till next week to bring it down again and today it may bounce to 1.0850 or 60, but the beast is wounded.
- Alorente replied Apr 5, 2024
Iīm OK with a slow, choppy descent. Especially with positive swap over the weekend.
- Alorente replied Apr 5, 2024
And as you always say... The robber barons will do whatever they need to do to make money. Short term they manipulate the market for their gain. Like Soros did with the pound many years ago... Longer term. thatīs another matter. Anyway, Iīm ...
- Alorente replied Apr 5, 2024
It is clean and simple price action in my view: The Green line goes back to August 2022 and it is clearly the line in the sand. It was broken at point 1. Tested from below at point 2 Retested again yesterday at point 3. Heading today for the lowly ...
- Alorente replied Apr 5, 2024
It looks like Ataīs VOID is calling. Remember, it was 1.0788
- Alorente replied Apr 4, 2024
Sorry. It was my fault for asking. At my age, one gets forgetful at times...
- Alorente replied Apr 4, 2024
EU Painted a nice Shooting Star candle on the Daily.
- Alorente replied Apr 4, 2024
What have you found to be more common in the past on AB=CD, the 100% extension or the 1.618?
- Alorente replied Apr 4, 2024
You should post some of your harmonic example charts and patterns. It would serve us well to learn from you.
- Alorente replied Apr 4, 2024
Well, Ataīs Void levels seem to work OK. He has it tagged at 1.0788.
- Alorente replied Apr 4, 2024
Yes. Sell seems to be the way. Two Fed governors just said the Fed may not cut rates this year. The stock market is taking a dive. EurUsd should join them.
- Alorente replied Apr 4, 2024
I have my TP at 1.0676 which is about 200 pips. I set the TP right on the neckline of the Head and Shoulders in case it bounces off it and doesnīt break it. If it does break it, there is time to reenter for lower later.
- Alorente replied Apr 4, 2024
If the high stays around here, a 61.8 Fib retracement puts you at 1.0774. 4 pips away from the Void level target you mentioned before.