Attachments: EURUSD only

EURUSD only

#20,681
May 4, 2018 3:51am May 4, 2018 3:51am

Jimtrade
| Joined Aug 2014 | Status: Trader | 111 Posts

Nothing is happening---markets are waiting for US economic news at 8:30 am.

#20,682
May 4, 2018 4:34am May 4, 2018 4:34am

Walz
Joined Apr 2011 | Status: Trader | 743 Posts

SL There you have it. SL hunting in progress

#20,683
May 4, 2018 4:38am May 4, 2018 4:38am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,246 Posts | Online Now

M30 Quick Outlook - Update

Added major possibilities..

Stay Green

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Focus only on what truly matters!

#20,684
May 4, 2018 4:48am May 4, 2018 4:48am

kmic14
| Joined Mar 2013 | Status: Trader | 414 Posts

It looks at will not brake(up) this week . that means at next week will be that annoing small white candle, so next one (week)will be also a range and after down again until blue area who remember.

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#20,685
May 4, 2018 4:54am May 4, 2018 4:54am

Windstrown
| Joined May 2014 | Status: Trader | 1,515 Posts

Quoting kmic14

Disliked

It looks at will not brake(up) this week . that means at next week will be that annoing small white candle, so next one (week)will be also a range and after down again until blue area who remember. {image}

Ignored

Again too early to tell for this week ^.^, its either touch 1.926-16 and bounce up to 1.2015 or low at 1.93ish bounce to 1.202x, next week doesnt necessarly mean a white candle after that

#20,686
May 4, 2018 5:05am May 4, 2018 5:05am

post
Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts

Now bulls are fighting around 60's with their undies on

God save us

Trades technical moves enforced by fundamentals

#20,687
May 4, 2018 5:06am May 4, 2018 5:06am

zippo22
Joined Apr 2011 | Status: Trader | 486 Posts

Quoting shebalik

Disliked

{quote} As per my calculation NFP data will come around 170K. Less than expected. Though for selling dollar we need Average Hourly Earnings also to be not more than expected 0.2%. 170K + 0.2% can finally give bulls the jump they were expecting. A surprisingly high hourly earning will cause more south or no bounce in this pair.

Ignored

Seasonally seen, over the past years the May Average Hourly Earnings were always not on the upper side. Either down or "as per expectation" with the previous month revised down.

#20,688
May 4, 2018 5:14am May 4, 2018 5:14am

post
Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts

Quoting zippo22

Disliked

{quote} Seasonally seen, over the past years the May Average Hourly Earnings were always not on the upper side. Either down or "as per expectation" with the previous month revised down.

Ignored

as EU continuously posting red eco data, another round good US data might take us towards 1.1790 (Fibo 76.4% of 1.1553/1.2555) . IMO ... I m sidelined until US data... buy or sell. Stay green.

Trades technical moves enforced by fundamentals

#20,689
May 4, 2018 5:20am May 4, 2018 5:20am

siewhf
| Joined Jul 2008 | Status: Trader | 270 Posts

There's a strong outflow of liquidity out of Europe.

Europe is currently troubled by numerous strikes, especially in Germany and France. Their strikes seems to be open ended.

A weakening euro spell dollar bull.

https://www.google.com/amp/s/www.blo...ws-socgen-says
A surge in outflows from Europe-based funds has reached an extreme level that’s historically preceded a rebound in Japanese shares, according to research from the French bank. Net outflows are now more than two standard deviations from the mean, it showed.

#20,690
May 4, 2018 5:23am May 4, 2018 5:23am

sjackson99
| Joined May 2013 | Status: Trader | 57 Posts

This is the one to watch because gives an indication of inflationary pressure

Average Hourly Earnings m/m

#20,691
May 4, 2018 5:41am May 4, 2018 5:41am

FlatlineTrad
| Membership Revoked | Joined Apr 2018 | 48 Posts

Quoting fasttrade1

Disliked

plced buy order 1.19567 and 1.19440 sl 1.19400 tg expecting 1.21100

Ignored

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You're doing what almost 70% of the traders there are doing. When the bias is so lop sided you can almost always bet that the next move will be against the masses. nFP would more than likely give the push but EU has dropped nice and slowly since her spike upwards and a move up right before or during NFP woulf be a hunt to catch pending buys. 1.1903 before 1.2033 is my call and it is what i am wagering on.

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