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  • #149,721
  • Jun 7, 2022 8:33am Jun 7, 2022 8:33am
Closed some of my shorts. Holding one free - still targeting 1.05. Looking for price action and probably will scalp some short positions.
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  • #149,722
  • Jun 7, 2022 8:34am Jun 7, 2022 8:34am
IMO, we get a test above the last 1H candle high which was 0672-- probably 5-15 pips higher-- then another run at the lows
  • #149,723
  • Jun 7, 2022 8:42am Jun 7, 2022 8:42am
Bulls need an H1 candle close above 1.0683... Until then we will still be inside this bearish correction phase.. Crucial moments right now! Let's see..
Focus only on what truly matters!
  • #149,724
  • Jun 7, 2022 8:52am Jun 7, 2022 8:52am
Quoting Ata-Turkoglu
Bulls need an H1 candle close above 1.0683... Until then we will still be inside this bearish correction phase.. Crucial moments right now! Let's see..
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This is how I feel about this "bull move"
...because you never know - until you do!
  • #149,725
  • Jun 7, 2022 8:56am Jun 7, 2022 8:56am
Quoting fxsport
{quote} {image} This is how I feel about this "bull move"
Lol... Is best to keep it simple..

Based on fibs bears will probably appear anywhere around these 3 levels:

1.0695..... or..... 1.0707..... or ....... 1.0722....

Once again: it is a flat day: don't stress it!
Focus only on what truly matters!
  • #149,726
  • Jun 7, 2022 8:57am Jun 7, 2022 8:57am
Quoting Marion
IMO, we get a test above the last 1H candle high which was 0672-- probably 5-15 pips higher-- then another run at the lows
Bailed on my short around my entry price.. did not like the way that 1H formed at all. This might be a trap day.
  • #149,727
  • Jun 7, 2022 9:06am Jun 7, 2022 9:06am
Quoting Marion
{quote} Bailed on my short around my entry price.. did not like the way that 1H formed at all. This might be a trap day.
please explain more
Half of the time, the market is building resistance and support levels, and
  • #149,728
  • Jun 7, 2022 9:17am Jun 7, 2022 9:17am
Quoting Erkat
{quote} please explain more
When the 1H comes across the trend like that, and you see a lot of selling pressure as it forms but it keeps going up for ~30 minutes or so, often it pulls back briefly and then runs higher. I've been caught shorting that a lot, so, I stay away now. Currently in the pullback stage, looking to see how it forms. If the pullback stalls around here (0672-0676) I'll get in long and target yesterday's high.
  • #149,729
  • Jun 7, 2022 9:20am Jun 7, 2022 9:20am
Based on H1, bulls earned back the upper hand BUT they have to wait for judges to decide about bears.

Which is: If bears achieve an H1 candle close below 1.0673, they take back previous advantage...

Think of it like a slap contest

Let's see...
Focus only on what truly matters!
  • #149,730
  • Jun 7, 2022 9:29am Jun 7, 2022 9:29am
After today we will all know whether new price coming in action or still holding on old price. Let's see.
  • #149,731
  • Edited 10:02am Jun 7, 2022 9:34am | Edited 10:02am
missed this bull , not enough yet . always have ways to engage . so waiting and see reaction at 0668 again to decide join if . now bull target 0704, 0717 . can use reaction there to have better price to . take care

can not buy in the middle but can sell it , at and above 0704 to 0717 for target 0674 down . something better than nothing !! May God bless me !
if price go crazy to target , just above 0748 , towards 0766 to handle as well. as of my conventional strategy of anti trend accumulation and average down to profit !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #149,732
  • Jun 7, 2022 10:26am Jun 7, 2022 10:26am
Looks like we're heading back down to retest the 1.067 area now.
  • #149,733
  • Jun 7, 2022 10:39am Jun 7, 2022 10:39am
Quoting Js3mwtRc
{quote} Droped below 0692 to 0671 low at Asia. Now 0661/49 lows are targets, but only below 0671 (pivot<|> price can travel anywhere from there!) and if, price reaches 0700/03 zone then there is a chace of a drop again, or break above towards 0724/31. Good luck!
The price is reaching very close to the downside targets, but backs off quick and then goes up, but fails to reach 0724 at least - the upside target today. This is, because the volatilty is lower, but also a sign of maybe more bearisness ahead.

It will show what it wants soon.

Watch volatility, because it may turn the tide upwards!
Looking for profitable short term trades ...|
  • #149,734
  • Jun 7, 2022 11:00am Jun 7, 2022 11:00am
Quoting Js3mwtRc
{quote} The price is reaching very close to the downside targets, but backs off quick and then goes up, but fails to reach 0724 at least - the upside target today. This is, because the volatilty is lower, but also a sign of maybe more bearisness ahead. It will show what it wants soon. Watch volatility, because it may turn the tide upwards!
I agree - look at the DXY tending upward in the 1 hr pitchfork. If it doesn't break down then expect more EUR/USD weakness.

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...because you never know - until you do!
  • #149,735
  • Jun 7, 2022 11:08am Jun 7, 2022 11:08am
Quoting fxsport
{quote} I agree - look at the DXY tending upward in the 1 hr pitchfork. If it doesn't break down then expect more EUR/USD weakness. {image}
Like walking on a rope!
Looking for profitable short term trades ...|
  • #149,736
  • Jun 7, 2022 11:33am Jun 7, 2022 11:33am
More levels.

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Looking for profitable short term trades ...|
  • #149,737
  • Jun 7, 2022 11:37am Jun 7, 2022 11:37am
So far, 1.0707/17 area is solid concrete wall resistance..
Focus only on what truly matters!
  • #149,738
  • Jun 7, 2022 11:46am Jun 7, 2022 11:46am
Adding to my shorts at 1.0715.
  • #149,739
  • Jun 7, 2022 12:05pm Jun 7, 2022 12:05pm
Quoting Marion
{quote} When the 1H comes across the trend like that, and you see a lot of selling pressure as it forms but it keeps going up for ~30 minutes or so, often it pulls back briefly and then runs higher. I've been caught shorting that a lot, so, I stay away now. Currently in the pullback stage, looking to see how it forms. If the pullback stalls around here (0672-0676) I'll get in long and target yesterday's high.
Closing my long after the last 1H close (0700).. Not seeing enough momentum for the remainder of the day. I'll wait to see what happens at this level.
  • #149,740
  • Jun 7, 2022 12:54pm Jun 7, 2022 12:54pm
My another thought on EU long. still waiting for the price to reach the zone and then will look for entry. Lets see how it go tmr. Goodnight EU fam.
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fall seven times, stand up eight.
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