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EURUSD only

Meanwhile on H1...

Bears have no rush at all.. The wave 1 of 5 down has not even formed yet..

We are probably still inside wave 4 of 3 of 1 of 5

Just saying: bears are going nowhere that far from these levels for long hours!
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Be a seer, not a looker!
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Quoting Js3mwtRc
0520 and 0484 are pivots lets see who gets first there! Bears come on give this bull a break! {quote} If, it breaks there then, 0445 is my next support level on 4 & 1H graphs. This last may bounce for a correction then.
There likely another last bounce around 0470, likely below it. Watching for just breaks 0518 to restart tanking, range down, slow but steady!
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Quoting Ata-Turkoglu
Based on DAILY, I have 1.04714 as next strong support... Starting from 1.0489, bears have to work double time *And with current wave count, anything lower than 1.0190 is unfortunately illogical.. Sorry my dear parity parrots... Your wishes might come true with the next wave cycle, but not with this one {image}
Actually bear not in any hurry, releasing as much thread as possible to bull more healthy to consume in comfort with more satiety! Just usdx 109 target action currencies just crying with fear to fobia then next when go for usdx 118/120 then full fledged panic and hysterical likely if! 0.6 may not enough!! Now just parity matter, next ground matter may comes up!
That love triangle of wave 4 followed by wave 1 of 5 and wave 2 of 5 is the worst among all waves and requires most patience, but those traders who are wise enough to stay out and wait for wave 3 of 5 down (same for wave 3 of 3) collect ripe fruit without hassle...

Here... some music to keep you relaxed..
Inserted Video
Be a seer, not a looker!
Quoting fontu
{quote} Actually bear not in any hurry, releasing as much thread as possible to bull more healthy to consume in comfort with more satiety! Just usdx 109 target action currencies just crying with fear to fobia then next when go for usdx 118/120 then full fledged panic and hysterical likely if! 0.6 may not enough!! Now just parity matter, next ground matter may comes up!
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Yeah baby!
Quoting Ata-Turkoglu
Meanwhile on H1... Bears have no rush at all.. The wave 1 of 5 down has not even formed yet.. We are probably still inside wave 4 of 3 of 1 of 5 Just saying: bears are going nowhere that far from these levels for long hours! {image}
if it breaks below 1.0454, then it'd be much harder for bulls to move above 1.05. Likely be stay below.
1.0480 - 1.0520 would act as strong resistance zone.
Quoting Ata-Turkoglu
That love triangle of wave 4 followed by wave 1 of 5 and wave 2 of 5 is the worst among all waves and requires most patience, but those traders who are wise enough to stay out and wait for wave 3 of 5 down (same for wave 3 of 3) collect ripe fruit without hassle... Here... some music to keep you relaxed.. https://www.youtube.com/watch?v=4IyYugLeDjg
Then to wait around 0540 again for mighty wave 3 down direct in impulse!

Real mighty 3 already running from 2349!! 3 of 3 may near or below parity 0.921 and next limit for 4 be 0635 for mighty 5th can any extent deep possible, zero illogical but greatest disaster like in action!
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We have in the news later: US Flash Manufacturing PMI & Flash Services PMI and after that Fed Chair Powell Testifies.

The first forecast (manufacturing) is looking worst than the previous number according to ForexFactory's calendar, services look better and Powell perhaps will say the same story like, yesterday.

Thinking of what happened yesterday with the EU, price should at least bounce up to around 0540. If, nothing happens like that and price stays presured, then the bulls have it worst this time.

This scenario needs the news first and the price to stay below 0520.
Feels right this time!
Quoting fontu
{quote} Then to wait around 0540 again for mighty wave 3 down direct in impulse! Real mighty 3 already running from 2349!! 3 of 3 may near or below parity 0.921 and next limit for 4 be 0635 for mighty 5th can any extent deep possible, zero illogical but greatest disaster like in action! {image}
Well said and 1.0540 is nice.. I have 1.0536 which is aligned with your level.. Time will tell more..
Be a seer, not a looker!
Tsunami suspicion: Bulls can bust the party! (Not a tsunami alert yet, only thinking out loud!)

Instead of a wave 5 down we also might be in a wave 2 down.. IF SO and it is a big IF for now, but once this wave 2 down is complete around 1.0450/80, a strong bullish wave 3 coming out of the blue could totally confuse and catch a lot of bears unguarded...

*In other words, the wave 1 of 5 I recently shared on my H1 chart could also be a wave 2 of a complete new bullish wave cycle.. We must stay extra alert especially whenever red news come out!

Just saying
Be a seer, not a looker!
Quoting Ata-Turkoglu
Tsunami suspicion: Bulls can bust the party! (Not a tsunami alert yet, only thinking out loud!)
*In other words, the wave 1 of 5 I recently shared on my H1 chart could also be a wave 2 of a complete new bullish wave cycle.. We must stay extra alert especially whenever red news come out! Just saying

WHAT???
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Just saying...

My thoughts are - Wave 5 in the making.
Quoting fxsport
{quote} WHAT??? {image} Just saying... My thoughts are - Wave 5 in the making.
That's why I called it a tsunami.. you can't easily see what's coming at you.. especially with upcoming US data that might be worse than EU data.. Time will tell..
Be a seer, not a looker!
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Quoting chrissfx
Hi, trying longs now.... between 1.0490 and 1.045... Best Chriss
... long from 0492 with sl +1... waiting if the NY guys shaking me out...
Quoting martin1977
My take is quite tough but with the 5M and 15M clearly it shows an uptrend, a strong one. Do a buy at price 5941 TP @ 6026 A bear could return according to 1H chart, securing a bear price at 5646 TP @ 5376. Bless me pls!
CLOSED!
Quoting chrissfx
{quote} ... long from 0492 with sl +1... waiting if the NY guys shaking me out...
Good luck Chris... In the past, when I was doing such things luck was never on my side... that +1 or BE would always get hit..
Be a seer, not a looker!
News and information about energy security and concerns about its timely supply are so bad and worrying in the Eurozone right now that permission has been not granted to strengthen the EUR
Quoting Ata-Turkoglu
{quote} That's why I called it a tsunami.. you can't easily see what's coming at you.. especially with upcoming US data that might be worse than EU data.. Time will tell..
As long price stays above 0349 anything is posible!
Feels right this time!
Wave 1 of bearish 5 (OR wave 2 of new bullish cycle) could complete somewhere around 1.0450/80.. US data can interfere with technicals..

10 more minutes
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