{image}
Swing Trader
- #147,821
- Apr 13, 2022 4:58pm Apr 13, 2022 4:58pm
- Joined Jan 2022 | Status: living deliberately | 872 Posts
- #147,822
- Apr 13, 2022 4:58pm Apr 13, 2022 4:58pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #147,823
- Apr 13, 2022 5:19pm Apr 13, 2022 5:19pm
The move today was a combination of a weaker $ AND stronger EU. Looking at the future contracts the Euro is at the 23.6% retracement from the March 31 high of 1.12XX The DXY (US$) has retraced to the exact 23.6% retracement from it's recent high of 105.XXX yesterday. I believe that the US$ has more to retrace before it resumes it's upward trend. I believe that DXY should go as low as 99.45 Therefore, I'm waiting on EUR/USD until it reaches 1.0930ish then.....GERANIMO! (hopefully)
- #147,824
- Apr 13, 2022 7:00pm Apr 13, 2022 7:00pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} Thank you for the analysis fxsport, much appreciated
I just went long EU on hopefully a breakout up to the 109.20 area
...because you never know - until you do!
- #147,827
- Apr 13, 2022 10:16pm Apr 13, 2022 10:16pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} Hey just a disclaimer I've been known to be wrong many times!
...because you never know - until you do!
- #147,829
- Apr 14, 2022 12:07am Apr 14, 2022 12:07am
- Joined May 2021 | Status: Trader | 7,225 Posts
YOU WILL MEET EU = 1.07615.{image}
restart your chart men 
you have error People don't plan to lose. They lose because they don't plan.
- #147,831
- Apr 14, 2022 12:59am Apr 14, 2022 12:59am
- Joined Jun 2018 | Status: An ordinary brother | 4,596 Posts
- #147,832
- Apr 14, 2022 1:39am Apr 14, 2022 1:39am
- Joined Jan 2022 | Status: living deliberately | 872 Posts
{quote} USDX could break the black trendline. So why? because if you look at the EU chart, the falling trendline has been broken. this could signal a breakout of the black trendline for USDX. If the black trendline is broken, USDX may come to the white zone below. likely to get a response here. Correlation is very important in forex and nothing is a coincidence. You can show your middle finger to those who say coincidence
Let any expert explain to me what I wrote above. they're all scumbags and we show them our middle fingers.
No more selling. we buy from now on @EU
Swing Trader
- #147,834
- Apr 14, 2022 2:35am Apr 14, 2022 2:35am
- Joined May 2021 | Status: Trader | 7,225 Posts
People don't plan to lose. They lose because they don't plan.
- #147,835
- Apr 14, 2022 2:35am Apr 14, 2022 2:35am
- Joined Jun 2018 | Status: Trader | 3,083 Posts
As long as ALL 4 move the same, it should continue. BUT when THE BREAK IN THE SYSTEM happens - it's the reversal time.
- #147,839
- Apr 14, 2022 3:43am Apr 14, 2022 3:43am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Quick DAILY S/R Levels
Chart shows why momentum slowed down when nearing 1.0928: It is the breakout level of previous channel and still effective! If bulls can jump back inside the channel, things can get interesting, otherwise bears still have the upper hand. Let's see...
1.0868 area is my nearest support!
I hope it helps
Chart shows why momentum slowed down when nearing 1.0928: It is the breakout level of previous channel and still effective! If bulls can jump back inside the channel, things can get interesting, otherwise bears still have the upper hand. Let's see...
1.0868 area is my nearest support!
I hope it helps
Focus only on what truly matters!
- #147,840
- Apr 14, 2022 3:51am Apr 14, 2022 3:51am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do