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  • #149,621
  • Jun 3, 2022 2:36am Jun 3, 2022 2:36am
Quoting Kimmymore
Eu red white. 1.057xx {image} {image}
Test Breaks 0744 needed more 30 min post london open! Breaks should try 0720 suuport again, common bear target 0678.lets see.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #149,622
  • Jun 3, 2022 2:46am Jun 3, 2022 2:46am
Daily S/R Levels for NFP Friday

  1. I think today's NFP can't beat yesterday's excitement, that said it still can be an interesting day.
  2. With intraday support from 1.0696/1.0717, bulls will probably try to break through 1.0806! My normal wave count prohibits that, since the high of a wave 4 can not touch the low of a wave 1 in regard to Elliott rules. (However, as I mentioned yesterday, based on my alternative wave count it might happen if my wave 4 is actually a wave 1 of a fresh upper trend and if so, the upper limit for today would be: 1.0827/33 area.)
  3. Long story short: Today we will watch if NFP shenanigans can touch 1.0806 or not!
  4. On a side note: Based on H4, this still looks like an H&S pattern to me. Just saying!

I hope it helps

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Focus only on what truly matters!
  • #149,623
  • Jun 3, 2022 2:51am Jun 3, 2022 2:51am
EU WEEK :
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  • #149,624
  • Jun 3, 2022 3:06am Jun 3, 2022 3:06am
An error & the market have to fix again.
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  • #149,625
  • Jun 3, 2022 3:12am Jun 3, 2022 3:12am
Good morning, hope you're great. I think 1.0765 can be a good resistance, for today;
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  • #149,626
  • Jun 3, 2022 3:23am Jun 3, 2022 3:23am
Quoting Kimmymore
EU WEEK : {image}
Daily weekly absolutely bullish, weekly corrected more than enough and back, so logically 0805 at great risk and even now correction in smaller tf may have done already at 0626.now can do a little correction down to none even. So signal for bear yet. Will wait and watch, but bull no need to wait, enough positive developments already. So looking correction to the minimum towards 0720.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #149,627
  • Jun 3, 2022 3:30am Jun 3, 2022 3:30am
Quoting fontu
{quote} Daily weekly absolutely bullish, weekly corrected more than enough and back, so logically 0805 at great risk and even now correction in smaller tf may have done already at 0626.now can do a little correction down to none even. So signal for bear yet. Will wait and watch, but bull no need to wait, enough positive developments already. So looking correction to the minimum towards 0720. {image}
Nice.. I want to add that an H1 candle close below 1.0744 is the first indication that this choppy bullish correction is over.. Once/if that happens I would switch to selling rallies.

Best wishes for the day
Focus only on what truly matters!
  • #149,628
  • Jun 3, 2022 3:41am Jun 3, 2022 3:41am
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My goal is what keeps me going...
  • #149,629
  • Jun 3, 2022 4:08am Jun 3, 2022 4:08am
The bears are trying now, hopefully they can pass below today's opening price;
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  • #149,630
  • Jun 3, 2022 4:11am Jun 3, 2022 4:11am
Quoting fontu
{quote} Daily weekly absolutely bullish, weekly {image}
I see. But M30 with Red & White Point :
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  • #149,631
  • Jun 3, 2022 4:22am Jun 3, 2022 4:22am
Based on WEEKLY 1.0785 is crucial resistance for today! While below it, the main trend is still bearish!

Based on HOURLY 1.0744 is crucial support for today! While above it, intraday trend is bullish!
Focus only on what truly matters!
  • #149,632
  • Jun 3, 2022 5:41am Jun 3, 2022 5:41am
DXY = `105.75..........105.86

EU : Still Bearish.
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  • #149,633
  • Edited 5:54am Jun 3, 2022 5:43am | Edited 5:54am
Quoting Ata-Turkoglu
Based on WEEKLY 1.0785 is crucial resistance for today! While below it, the main trend is still bearish! Based on HOURLY 1.0744 is crucial support for today! While above it, intraday trend is bullish!
So between 1.0745 and 1.0784 it is the domain of this creature!

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The bull-bear - know for eating stops and causing whipsaw sickness.

But seriously I think a lot depends on the NFP that comes out and IMHO is should not matter. The FED is going to raise by 0.5% in June and July - period end of discussion. If traders think that today's numbers will have any effect of the FED they are delusional.

What will drive the markets is the EC - will they or won't they raise by 0.25 vs. 0.50? - that's the fundamental story

For me personally the key today is the DXY and will it stay below 102? Below 102 we could see EUR/USD rise. If DXY breaks 101.6 we could see a monster rally in EU. Currently DXY sits at 101.88 which is the 25% retracement of yesterdays move.

My bias for today - bearish BUT I will wait until AFTER NFP and watch DXY - Above 102 - SELL EUR. Below 101.6 - BUY EUR

Green Pips to all!
...because you never know - until you do!
  • #149,634
  • Jun 3, 2022 5:43am Jun 3, 2022 5:43am
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  • #149,635
  • Jun 3, 2022 5:50am Jun 3, 2022 5:50am
Quoting andvk74
{image}
So what's your next Trade/TP?

Bearish vs. Bullish
...because you never know - until you do!
  • #149,636
  • Jun 3, 2022 5:58am Jun 3, 2022 5:58am
Quoting fxsport
{quote} So what's your next Trade/TP? Bearish vs. Bullish
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  • #149,637
  • Jun 3, 2022 6:50am Jun 3, 2022 6:50am
As I said earlier, for me intraday trend based on H1 turned bearish since price dropped below 1.0744...

From here I will SELL spikes and rallies towards 1.0755/66 if I see confirmed resistance! My two cents
Focus only on what truly matters!
  • #149,638
  • Jun 3, 2022 6:57am Jun 3, 2022 6:57am
Quoting andvk74
{image}
Looking for profitable short term trades ...|
  • #149,639
  • Jun 3, 2022 7:28am Jun 3, 2022 7:28am
.....fire in the hoooooole!
Focus only on what truly matters!
  • #149,640
  • Jun 3, 2022 7:34am Jun 3, 2022 7:34am
Quoting Ata-Turkoglu
As I said earlier, for me intraday trend based on H1 turned bearish since price dropped below 1.0744... From here I will SELL spikes and rallies towards 1.0755/66 if I see confirmed resistance! My two cents
agree. going down to lower TF can provide more confirmation.
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