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  • #90,841
  • Jul 4, 2019 2:03pm Jul 4, 2019 2:03pm
H4 Status Update

Bulls have slowly sneaked their way above my Dashed-RED trendline: 1.1277 and therefore I am marking 1.1275 area roughly as nearest support.. Additionally I see these things:

  1. NFP might boost bulls to retest 1.1297 area but I am not sure if that level will break!
  2. After or during NFP we still might get a shake out on both sides and therefore I still see 1.1245/60 area as potential buy zone (but I am not planning to sell highs after today because if you just look at the H4 chart below, and with neutral eyes, you will immediately get we have been in a bull flag and that we probably will have one more swing to the upside.. Just by looking at current structure a bullish wave is likely imho)..

I hope it helps..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: H4-SR-Levels.png Size: 30 KB
Focus only on what truly matters!
  • #90,842
  • Jul 4, 2019 2:30pm Jul 4, 2019 2:30pm
Quoting Ata-Turkoglu
H4 Status Update Bulls have slowly sneaked their way above my Dashed-RED trendline: 1.1277 and therefore I am marking 1.1275 area roughly as nearest support.. Additionally I see these things: NFP might boost bulls to retest 1.1297 area but I am not sure if that level will break! After or during NFP we still might get a shake out on both sides and therefore I still see 1.1245/60 area as potential buy zone (but I am not planning to sell highs after today because if you just look at the H4 chart below, and with neutral eyes, you will immediately get...
Ata I wonder if you meant 1.1397 or 1.1297. If you see a bull flag (which I see too) then 1.1297 should be a piece of cake when it's time for the break out. Also, I have been waiting for that 1.124x area but it seems so long in coming, even 1.1260 is not coming forth. Lol.. I guess I'm getting impatient. Or, maybe Asia gives either of them tonight. I am also wary of selling after today, except from a very much higher level.
  • #90,843
  • Jul 4, 2019 3:22pm Jul 4, 2019 3:22pm
Quoting Mitiblotch
{quote} Ata I wonder if you meant 1.1397 or 1.1297. If you see a bull flag (which I see too) then 1.1297 should be a piece of cake when it's time for the break out. Also, I have been waiting for that 1.124x area but it seems so long in coming, even 1.1260 is not coming forth. Lol.. I guess I'm getting impatient. Or, maybe Asia gives either of them tonight. I am also wary of selling after today, except from a very much higher level.
Yes I meant 1.1297 and it is NOT a piece of cake to break it.. Just wait and see.. but once it does we easily go up yes.. So NFP will be about breaking this level or not (give 5-10 pips room of course..).. I hope it clarifies..

Stay Green
Focus only on what truly matters!
  • #90,844
  • Jul 4, 2019 3:27pm Jul 4, 2019 3:27pm
Quoting Ata-Turkoglu
{quote} Yes I meant 1.1297 and it is NOT a piece of cake to break it.. Just wait and see.. but once it does we easily go up yes.. So NFP will be about breaking this level or not (give 5-10 pips room of course..).. I hope it clarifies.. Stay Green
I don't think 1297 is an issue...its just the volatility has been too low to do anything, because this week is all about friday. I think we will see 1370 soon, if not tomorrow, then next week.
Everyone can see the chart, but only a few can actually read it.
  • #90,845
  • Jul 4, 2019 3:39pm Jul 4, 2019 3:39pm
Quoting OnlineAddict
{quote} I don't think 1297 is an issue...its just the volatility has been too low to do anything, because this week is all about friday. I think we will see 1370 soon, if not tomorrow, then next week.
Again: "I am not sure" if 1.1297 will break with first try.. My gut feeling tells me first fake up to 1.1297 then down to 1.1240/60 area then up to 1.1322 and maybe higher..

Stay Green
Focus only on what truly matters!
  • #90,846
  • Jul 4, 2019 3:56pm Jul 4, 2019 3:56pm
Quoting Ata-Turkoglu
{quote} Yes I meant 1.1297 and it is NOT a piece of cake to break it.. Just wait and see.. but once it does we easily go up yes.. So NFP will be about breaking this level or not (give 5-10 pips room of course..).. I hope it clarifies.. Stay Green
Thanks a lot. I perfectly understand.
  • #90,847
  • Jul 4, 2019 4:01pm Jul 4, 2019 4:01pm
Quoting Amir_Forex
Which One !? Or None !? {image} {image} {image} {image} {image}

absolutely none !

A pattern is called a pattern because it is a pattern, simple as that.
LDFX Trading Ltd
  • #90,848
  • Jul 4, 2019 4:38pm Jul 4, 2019 4:38pm
Yeah the market seems too shy to breach this 1.1270 (today) - we know some of the reasons (holiday, fed/ecb waiting), there is a good chance for it tomorrow... It will eventually, I believe... as I bet on the (slow) downtrend for the summer.
Can you afford to take that chance?
  • #90,849
  • Jul 4, 2019 4:44pm Jul 4, 2019 4:44pm
Quoting FKhan
Even though I am long Euro, but i have to admit. The way EU is behaving on a US holidays proves what a Bi*tch Euro is to the Dollar

NFP tomorrow that is why.
LDFX Trading Ltd
  • #90,850
  • Jul 4, 2019 4:55pm Jul 4, 2019 4:55pm
Daily S/R Levels for NFP Friday

  1. First of all, I see more supportive pressure than resisting pressure!
  2. Nearest support starts from 1.1264 but can still go lower to 1.1245 and even 1.1224 area which is my personal "ultimate" stopper level.
  3. Once/if bulls can break 1.1292/1.1310 zone I would expect previous resistance to turn to support and put my buy setups around 1.1290 area..
  4. If bulls can't break 1.1292/1.1310 zone then I would not sell but wait to buy as low as it gets especially near my MOFU low area: 1.1224.

Let's see how it goes.. Calling it a day.. Hopefully I can update my view on H1 chart tomorrow after London opening..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: Daily-SR-Levels.png Size: 27 KB
Focus only on what truly matters!
  • #90,851
  • Jul 4, 2019 7:49pm Jul 4, 2019 7:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmH1.png Size: 25 KB
Neither a Bro Nor a Pro I am I
  • #90,852
  • Jul 4, 2019 7:59pm Jul 4, 2019 7:59pm
Quoting LDFX
{quote} absolutely none ! A pattern is called a pattern because it is a pattern, simple as that.
Pat+Earn= Pattern
Pat earn+ Pat income =Forex
Neither a Bro Nor a Pro I am I
  • #90,853
  • Jul 4, 2019 10:36pm Jul 4, 2019 10:36pm
Goodmornig folk...Happy NFP day...Hope we all make a good greenback
  • #90,854
  • Jul 4, 2019 10:54pm Jul 4, 2019 10:54pm
Quoting ubtt
euro found support at 1.1282 which is the midline of boll band. At the same time usd was rejected by the same line. Since today is holiday for NY session, I won’t expect a great movement in euro/usd. All energy will be released by the NFP. It will be highly likely higher than last month, but the question is will it be higher than market’s prediction? If not, usd will slump back to 96.
also 4 50% points .. could quite easy go either way from here.. price action will tell the way..
  • #90,855
  • Jul 4, 2019 11:26pm Jul 4, 2019 11:26pm
The logic is clear. These days bad news keeps hovering on euro zone but the price didn’t react to it. Which means the euro is forming the bottom. If nfp is bad, euro will rocket to the moon. If it is good, euro will hunt the sl of bears, even by breaking the trend line and rebounce. New high is only a matter of time.
  • #90,856
  • Jul 4, 2019 11:44pm Jul 4, 2019 11:44pm
M1 still small sell trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 26 KB
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  • #90,857
  • Jul 5, 2019 12:34am Jul 5, 2019 12:34am
Still within the wedge formation
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 44 KB
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #90,858
  • Jul 5, 2019 1:16am Jul 5, 2019 1:16am
Buy @1.12755 SL 20 Pips TP 1.1294
  • #90,859
  • Edited 1:43am Jul 5, 2019 1:25am | Edited 1:43am
I don't always use fibs but the 4hr chart looks interesting. First breakout retraced to around 71.9% fib and jumped. Now second breakout is retracing. Do we also get a jump at 71.9% or a bit lower again? Seems like a bull flag like Ata noted last night.
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  • #90,860
  • Jul 5, 2019 1:52am Jul 5, 2019 1:52am
Halellujah! It moves!
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