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EURUSD only

  • #150,001
  • Jun 14, 2022 3:57am Jun 14, 2022 3:57am
Target level for this week for the EURUSD is 1.0585
CRAZY divergence on a Daily
I inverted the DXY chart, so it's easier to see it this way
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
  • #150,002
  • Jun 14, 2022 3:59am Jun 14, 2022 3:59am
Also here
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Click to Enlarge Name: screenshot.png Size: 13 KB
  • #150,003
  • Edited 4:20am Jun 14, 2022 4:07am | Edited 4:20am
Most members are forgetting that this pair is in a strong wave 5 down... The inner-wave 3 of 5 might have finished or might not.. very careful with switching to a bullish bias... I wouldn't recommend... especially while below dashed trendline: 1.0485 area is blockage for a higher inner-wave 4...

*The extreme high of inner-wave 4 would be 1.0625 since, technically, wave 4 can't touch wave 1: 1.0626
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.png Size: 18 KB
Focus only on what truly matters!
  • #150,004
  • Jun 14, 2022 4:10am Jun 14, 2022 4:10am
whatever in scalping all ok , 0440 hold or 0409 test if still bear momentum ! lets do it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #150,005
  • Jun 14, 2022 4:28am Jun 14, 2022 4:28am
This forecast is making bulls nervous, so we may not see more upside today and if, at 0589 should be the end.

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Click to Enlarge Name: screenshot.png Size: 2 KB
Looking for profitable short term trades ...|
  • #150,006
  • Jun 14, 2022 4:33am Jun 14, 2022 4:33am
Quoting Ata-Turkoglu
Most members are forgetting that this pair is in a strong wave 5 down... The inner-wave 3 of 5 might have finished or might not.. very careful with switching to a bullish bias... I wouldn't recommend... especially while below dashed trendline: 1.0485 area is blockage for a higher inner-wave 4... *The extreme high of inner-wave 4 would be 1.0625 since, technically, wave 4 can't touch wave 1: 1.0626 {image}
Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?
  • #150,007
  • Jun 14, 2022 4:45am Jun 14, 2022 4:45am
Quoting hans91
{quote} Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?
Once/if wave 5 is complete depending on where we are we could have a series of WYX corrections.. Nothing is a guarantee that it will only go up from end of wave 5... Technically it is still possible that a new 5 wave move to the downside can start.. In other words... once wave 5 is done we must see how strong the main resistance area: 1.0488 can reject bulls.. Once at those lows what will hold bulls from rising is 1.0488 area..

Let's stay in the now.. Never worry for endless possibilities..
Focus only on what truly matters!
  • #150,008
  • Jun 14, 2022 5:18am Jun 14, 2022 5:18am
Quoting hans91
{quote} Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?

After 5 waves usually price is retracing first at 23. 6 fibonacci level, but it can go all up to 61.8, or even further.

It's good to take the levels one by one after you plot them on a Daily chart and then you can use them like, support/resistance and not only for a forecast of where price will travel next.

Just remember Elliott Wave analysis can become more complicated from just simple 1,2,3,4,5 & A-B-C counts.

Here is an easy tutorial of how to use fibonacci extension and retracement tool.

http://forex-indicators.net/cycle-in...draw-fibonacci
Looking for profitable short term trades ...|
  • #150,009
  • Jun 14, 2022 5:29am Jun 14, 2022 5:29am
With EURUSD it is almost always the same: once bears or bulls start they don't know how to stop... Here we see bears again selling and selling and selling probably until 0.0000
Focus only on what truly matters!
  • #150,010
  • Jun 14, 2022 5:51am Jun 14, 2022 5:51am
Bears will not sleep until they get out of the way 0419 low, but then again they will stay up all day!
Looking for profitable short term trades ...|
  • #150,011
  • Jun 14, 2022 6:34am Jun 14, 2022 6:34am
Whenever 1.0444 fails I have 1.0463 waiting as next intraday resistance..
Focus only on what truly matters!
  • #150,012
  • Jun 14, 2022 7:10am Jun 14, 2022 7:10am
Here is a 5 minute graph

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Click to Enlarge Name: screenshot.png Size: 13 KB
Looking for profitable short term trades ...|
  • #150,013
  • Jun 14, 2022 7:18am Jun 14, 2022 7:18am
Good afternoon, hope you're great, I think 1.0486 could be the resistance for today.
  • #150,014
  • Jun 14, 2022 7:34am Jun 14, 2022 7:34am
Quoting Js3mwtRc
{quote} After 5 waves usually price is retracing first at 23. 6 fibonacci level, but it can go all up to 61.8, or even further. It's good to take the levels one by one after you plot them on a Daily chart and then you can use them like, support/resistance and not only for a forecast of where price will travel next. Just remember Elliott Wave analysis can become more complicated from just simple 1,2,3,4,5 & A-B-C counts. Here is an easy tutorial of how to use fibonacci extension and retracement tool. http://forex-indicators.net/cycle-in...draw-fibonacci...
Thank you for the tutorial..
  • #150,015
  • Jun 14, 2022 7:44am Jun 14, 2022 7:44am
Quoting Ata-Turkoglu
{quote} Once/if wave 5 is complete depending on where we are we could have a series of WYX corrections.. Nothing is a guarantee that it will only go up from end of wave 5... Technically it is still possible that a new 5 wave move to the downside can start.. In other words... once wave 5 is done we must see how strong the main resistance area: 1.0488 can reject bulls.. Once at those lows what will hold bulls from rising is 1.0488 area.. Let's stay in the now.. Never worry for endless possibilities..
Yes agree with you, both up or down still we can get profits from market volatility..
  • #150,016
  • Jun 14, 2022 8:28am Jun 14, 2022 8:28am
looking some level to enter , 0453 not bad for a short to 0434 or 0409. lets see
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #150,017
  • Jun 14, 2022 8:30am Jun 14, 2022 8:30am
Quoting Ata-Turkoglu
With EURUSD it is almost always the same: once bears or bulls start they don't know how to stop... Here we see bears again selling and selling and selling probably until 0.0000
Attached Image (click to enlarge)
Click to Enlarge Name: parity.jpg Size: 17 KB
Did someone mention parity???
...because you never know - until you do!
  • #150,018
  • Jun 14, 2022 8:50am Jun 14, 2022 8:50am
Quoting fxsport
{quote} {image}Did someone mention parity???
Nope.. My emphasis was on "EURUSD stubbornity"..
Focus only on what truly matters!
  • #150,019
  • Edited 9:55am Jun 14, 2022 9:19am | Edited 9:55am
Quoting Ata-Turkoglu
{quote} Nope.. My emphasis was on "EURUSD stubbornity"..
let the stubborn play unconsciously! my target coming true if no extra 0409! below 0417 enough , and even previous low 0397 +- may !

possible target 0404 , may to 0370 though , 0429 may be retested at 0404 ! so double bottom may develop to bounce if !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #150,020
  • Jun 14, 2022 9:26am Jun 14, 2022 9:26am
Quick Daily Outlook

  1. I zoomed in a little on my wave count and as you can see we still can't be 100% certain if the inner-wave 3 of wave 5 is complete! We actually could still be inside a sub-wave 4 of this inner-wave 3 and that could create confusion if price starts to go lower for a sub-wave 5! So please be aware of this detail!
  2. However, if wave 3 is truly complete, we should soon see an ABC correction that completes the inner-wave 4. This inner-wave 4 can not touch the inner-wave 1: 1.0628.. Therefore, once/if we see a bullish attack piercing through the dashed trendline, we could (not a must) see price rising to 1.0627 max!!! BUT I personally think the inner-wave 4 is likely to complete earlier, roughly around 1.0582!
  3. Based on Bill Williams, most wave-5's often end between Fib-Extension measured from the high of wave 2 to low of wave 3 and back to high of wave 4.. BUT since wave 3 and wave 4 are not completed yet, with this early picture, I am only ball-park guessing where the inner-wave 5 could complete.. I am getting a zone between 1.0205 and 1.0347..
  4. On a side note, the dashed trendline has started and probably will continue to play an important role as both: as resistance and as support. Today it stopped bulls on first touch around 1.0488 area! Helped me a lot!
  5. To summarize: From here on, I feel like price will fluctuate a lot between 1.04 and 1.06 before wave 5 plays out. Therefore, I would say: don't rush!

My two cents... I hope it helps

Attached Image (click to enlarge)
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