Focus only on what truly matters!
- #149,641
- Jun 3, 2022 5:59am Jun 3, 2022 5:59am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
- #149,643
- Edited 6:26am Jun 3, 2022 6:07am | Edited 6:26am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
{quote} Ata , are you waiting for your first scenario and the completion of wave 4 and the fall?
To me wave 4 is already done! Below chart shows that I am actually waiting for inner wave 2 to finish! So the wave 5 to the upside that I felt was missing will hopefully complete wave 2 if it is really missing.. BUT if I am wrong and wave 2 is already over then we are inside a wave 3 down. 1.0744 is therefore an important key level for today to see if bulls are really done. Let's see..
I hope it clarifies
Focus only on what truly matters!
- #149,647
- Jun 3, 2022 6:57am Jun 3, 2022 6:57am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
So far so good for bulls - I'm waiting 5 minutes for close to see if the DXY stays below 102 (101.85 now).
Overall today belongs to ....
"Hey dude, lets make a run for it..."
Overall today belongs to ....
"Hey dude, lets make a run for it..."
...because you never know - until you do!
- #149,649
- Jun 3, 2022 7:03am Jun 3, 2022 7:03am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
Focus only on what truly matters!
- #149,650
- Jun 3, 2022 7:06am Jun 3, 2022 7:06am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
{quote} Agreed, should make it above 1.08 before EOD
Focus only on what truly matters!
{quote} Erkat... I must edit what I said.. Sorry for my mistake! To me wave 4 is already done! Below chart shows that I am actually waiting for inner wave 2 to finish! So the wave 5 to the upside that I felt was missing will hopefully complete wave 2 if it is really missing.. BUT if I am wrong and wave 2 is already over then we are inside a wave 3 down. 1.0744 is therefore an important key level for today to see if bulls are really done. Let's see.. I hope it clarifies
thanks a lot
Half of the time, the market is building resistance and support levels, and
- #149,652
- Edited 10:54am Jun 3, 2022 7:30am | Edited 10:54am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
From here until end of day the flow looks soft-bearish i.e. teddy-bearish 
The earliest indication of a serious attack to 1.0744 level would be a M15 candle close above 1.0735..
The earliest indication of a serious attack to 1.0744 level would be a M15 candle close above 1.0735..
Focus only on what truly matters!
{quote} Erkat... I must edit what I said.. Sorry for my mistake! To me wave 4 is already done! Below chart shows that I am actually waiting for inner wave 2 to finish! So the wave 5 to the upside that I felt was missing will hopefully complete wave 2 if it is really missing.. BUT if I am wrong and wave 2 is already over then we are inside a wave 3 down. 1.0744 is therefore an important key level for today to see if bulls are really done. Let's see.. I hope it clarifies
Now that the price has been able to stabilize below 1.0740.
Half of the time, the market is building resistance and support levels, and
- #149,654
- Jun 3, 2022 8:40am Jun 3, 2022 8:40am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
{quote} Dear Ata , Current price behavior, do you think everything is ready to form a 5-wave downtrend? Now that the price has been able to stabilize below 1.0740.
1.0744 area can get retested.. It looks like EU will eventually drop but nothing is set and done yet.. There can be additional spikes and attacks to 1.0806 since we are still at the very beginning of new month.
I hope it answers..
Focus only on what truly matters!
- #149,655
- Jun 3, 2022 8:55am Jun 3, 2022 8:55am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,528 Posts
Looking for profitable short term trades ...|
- #149,657
- Jun 3, 2022 9:44am Jun 3, 2022 9:44am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} Yeah in a perfect world true.. But market is a bitch and wants to torture the sh*t out of quick-thinkers..
...because you never know - until you do!
{quote} I would leave the answer to next week since volume dropped and day is probably over.. (starting from Thursday since Monday to Wednesday is emptiness in the news calendar!) 1.0744 area can get retested.. It looks like EU will eventually drop but nothing is set and done yet.. There can be additional spikes and attacks to 1.0806 since we are still at the very beginning of new month. I hope it answers..
I also agree with your 5 wave idea
Half of the time, the market is building resistance and support levels, and
- #149,659
- Jun 3, 2022 10:56am Jun 3, 2022 10:56am
- Joined Aug 2010 | Status: Trader | 1,805 Posts
Large banks playing time 
