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  • #159,841
  • Oct 26, 2022 3:07am Oct 26, 2022 3:07am
Quoting johncen
{quote} Yes my friend I was expecting 9930ish but still waiting
Instead we saw 1.0030/36 Bulls may not done yet!
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  • #159,842
  • Oct 26, 2022 3:10am Oct 26, 2022 3:10am
Attached Image (click to enlarge)
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  • #159,843
  • Oct 26, 2022 3:14am Oct 26, 2022 3:14am
Meanwhile, on M30...

I closed all longs and waiting on sidelines but nothing to sell yet... Bull momentum needs to die first and nobody knows when that would happen... Therefore, no rush!

Marking 0.9993 as nearest support...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M30.png Size: 18 KB
Focus only on what truly matters!
  • #159,844
  • Oct 26, 2022 3:16am Oct 26, 2022 3:16am
Quoting Js3mwtRc
{quote} Instead we saw 1.0030/36 Bulls may not done yet!
I know! My train left without me! Anyways good to see this bull action and seems like more to come in the coming days
Patience, Emotion Control and Discipline.
  • #159,845
  • Oct 26, 2022 3:20am Oct 26, 2022 3:20am
If not 0.9900 a base for the ECB then 1.0000. A big option expires today at that number.

 

  1. 0.9850 750m
  2. 0.9900 1.7b
  3. 0.9910 1.3b
  4. 0.9950 755m
  5. 1.0000 1.4b

https://www.fxstreet.com/news/fx-opt...t-202210260653

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  • #159,846
  • Oct 26, 2022 3:24am Oct 26, 2022 3:24am
Took profits off 4 long trades that were placed too closed to each other. Three at between 80-100 pips each, another one at 250 pips.

No analysis for today. However, that zig-zag wave thing (P1 to P4 levels) I showed last week still valid. I'll keep on eye on the dollar auction today. Expect further USD liquidity to be pumped into the market in coming days.

Price wise, it's now well supported above (1) parity, (2) Fib level 261%, (3) 200-SMA, (4) 50-SMA and (5) that dreaded desceding dotted line. It may come down to parity in coming days, but long term, we know where it wants to go. We'll see tomorrow again during ECB rate decision.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4+20221026+L03A.png Size: 7 KB
  • #159,847
  • Oct 26, 2022 3:26am Oct 26, 2022 3:26am
Quoting Js3mwtRc
If not 0.9900 a base for the ECB then 1.0000. A big option expires today at that number. 0.9850 750m 0.9900 1.7b 0.9910 1.3b 0.9950 755m 1.0000 1.4b https://www.fxstreet.com/news/fx-opt...t-202210260653

After yesterday's price action, I have lost confidence in option expiry levels for the moment.
EUR is acting like a shit coin for some time.

Anyway, staying on sidelines and will try to buy around 0.99 if it ever gets there today.
  • #159,848
  • Oct 26, 2022 3:43am Oct 26, 2022 3:43am
Quoting Connors
{quote} After yesterday's price action, I have lost confidence in option expiry levels for the moment. EUR is acting like a shit coin for some time. Anyway, staying on sidelines and will try to buy around 0.99 if it ever gets there today.
This upside is a short squeeze above 1.0000 now and some longs from hedging, but monthly timeframe is bearish yet. I look at 1.0070 where the weekly 20 ma is. From there we might see a drop down below parity again or more shorts will get squeezed.

I would be interest too around 0.9900 or 0.9865.


Edit: 1.0016 is support now on 15 min.
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  • #159,849
  • Oct 26, 2022 3:47am Oct 26, 2022 3:47am
Only small bounce from 0.9950 tell us that next target on the upside should be here rather soon at 1.01- 1.0150, this is Daily chart AB=CD and 4Hrs chart Bfly.
For longs 0.9850 is good spot.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 9 KB
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  • #159,850
  • Oct 26, 2022 4:03am Oct 26, 2022 4:03am
upper rubber band has been violated.. building a monster short
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Click to Enlarge Name: screenshot.png Size: 23 KB
always shorting eu All Time Profit: $1,476
  • #159,851
  • Oct 26, 2022 4:11am Oct 26, 2022 4:11am
I prefer to mark the NEW levels that did NOT do anything (didn't take out any levels) as the ones, to be TAKEN OUT next.

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  • #159,852
  • Oct 26, 2022 4:13am Oct 26, 2022 4:13am
Quoting Js3mwtRc
{quote} This upside is a short squeeze above 1.0000 now and some longs from hedging, but monthly timeframe is bearish yet. I look at 1.0070 where the weekly 20 ma is. From there we might see a drop down below parity again or more shorts will get squeezed. I would be interest too around 0.9900 or 0.9865. Edit: 1.0016 is support now on 15 min.
Looking at .996 - .997 if not lower for NY cut.

Tomorrow should hit 1.014 but there are some huge options expiring below .99 but maybe too far away as it is showing lot of strength for now...
  • #159,853
  • Oct 26, 2022 4:17am Oct 26, 2022 4:17am
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  • #159,854
  • Oct 26, 2022 4:21am Oct 26, 2022 4:21am
1 did NOT close beyond the level. This makes it 3-1 setup for the EURUSD to go down.
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  • #159,855
  • Oct 26, 2022 4:22am Oct 26, 2022 4:22am
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  • #159,856
  • Oct 26, 2022 4:26am Oct 26, 2022 4:26am
Quoting GreenJ
{quote} Looking at .996 - .997 if not lower for NY cut. Tomorrow should hit 1.014 but there are some huge options expiring below .99 but maybe too far away as it is showing lot of strength for now...
I am thinking the same Tomorrow is the big day and all the week I go with that, so thats why the bulls are winning (funny, it must be more traders like me). I tempted and got in a short yesterday but I regret now.
Anyway there is a big sell retail trade that needs to unload but I can't find that level yet.
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  • #159,857
  • Oct 26, 2022 4:31am Oct 26, 2022 4:31am
Quoting Js3mwtRc
{quote} I am thinking the same Tomorrow is the big day and all the week I go with that, so thats why the bulls are winning (funny, it must be more traders like me). I tempted and got in a short yesterday but I regret now. Anyway there is a big sell retail trade that needs to unload but I can't find that level yet.
I have unloaded at 1.0041 and went short at 1.0039
  • #159,858
  • Oct 26, 2022 4:35am Oct 26, 2022 4:35am
I expect a bounce here to the 50%, because of the 3-1 that formed.
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  • #159,859
  • Oct 26, 2022 4:37am Oct 26, 2022 4:37am
Quoting numbercutter
upper rubber band has been violated.. building a monster short {image}
Where do you consider the final target of this sell?
Half of the time, the market is building resistance and support levels, and
  • #159,860
  • Oct 26, 2022 4:46am Oct 26, 2022 4:46am
Quoting andvk74
{image}
The small magnet is posible for me today!
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