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EURUSD only

  • #150,841
  • Jun 30, 2022 5:00pm Jun 30, 2022 5:00pm
Quoting Konichiwhaat
1.0483 ish on my radar as a multi day high/low action point of interest
Got there. Short taken
Emotional Control. Process, not outcome.
  • #150,842
  • Jun 30, 2022 8:46pm Jun 30, 2022 8:46pm
support h4.. bounce or break.. waiting game
Attached Image (click to enlarge)
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  • #150,843
  • Jun 30, 2022 9:43pm Jun 30, 2022 9:43pm
eu will do something miraculous BUT that is what I dont know yet
  • #150,844
  • Jun 30, 2022 10:23pm Jun 30, 2022 10:23pm
Quoting Erkat
{quote} Thank you very much, excellent and informative In your opinion, how likely is it that a triple foam is formed daily? and this will cause more shedding to stop for now?
No real tripple bottom but some reaction likely actually d bottom should have much reaction for c up but failed midway. Best resistance looks 0509 possible and more to. Lets see
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #150,845
  • Jul 1, 2022 12:49am Jul 1, 2022 12:49am
Good morning. EU bounced yesterday on bad news from US PCE numbers and profit taking for the end of Month.

Now it is looking to find support above the 1H trendline, but a failure below might get it back at where it started.

Above yesterdays high it targets the next supply level.


1 Hour chart with 50-100-200 sma's and weekly support and resistance levels.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Looking for profitable short term trades ...|
  • #150,846
  • Jul 1, 2022 1:20am Jul 1, 2022 1:20am
Meanwhile, on H1...

  1. Bears tried to stay below 1.0462, but bulls came back around 1.0450 and pushed price back up,
  2. Currently, not much volume, but bulls have the upper hand while above the 1.0457/62 zone,
  3. I was long from 1.0451, but lack of volume forced me to close with little profit!
  4. Best is to wait for London opening...

Happy trading day to all

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 17 KB
Focus only on what truly matters!
  • #150,847
  • Jul 1, 2022 1:34am Jul 1, 2022 1:34am
Quoting Erkat
{quote} Dear Fontu , in both images, a pa is considered upwards, but in the daily time, you considered two targets, 0540 and 0720. Which target do you think is more likely?
Hi Erkat, congrats for your win yesterday it need balls to beat the bears.

The price may continue to rise, or drop forever, but in reality this can't happen to EURUSD, because it is a complex pair and many factors like, geopolitics influence it.

For me always the nearest target is the most probable, because the market is always losing momentum from breaks like, news and new traders who want to join at the opposite side and others exiting taking profits.


Waves fail and the market could turn down again, so here is the best strategy, just close your stop after the first target is achieved and trail below the price as second, third and next targets are hitted.


Green pips!
Looking for profitable short term trades ...|
  • #150,848
  • Jul 1, 2022 1:45am Jul 1, 2022 1:45am
D1 Wave Count

For now wave 1 of 5 seems to be complete and since yesterday's rise we were probably inside some wave 2 of 5... Is this wave 2 now complete? I don't know, but as soon as it does, a strong wave 3 down can be expected!!!

On a side note: The dotted support right at 1.0448 is currently interfering in a supportive way and slowing down bears, which makes me think that wave 2 of 5 might not complete yet and a final C leg up will soon kick in to complete it! Time will tell..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #150,849
  • Jul 1, 2022 1:57am Jul 1, 2022 1:57am
Hi Traders,

i just open long postion at 1.0453 with SL at 1.0438, TP open ( first target is zone 1.0490)

We are sitting now on yesterday resistance what today making good support ( 2nd support is at zone 1.0430-35)

Have a nice day for ALL!
Everyone makes mistakes, but only few use equity management.
  • #150,850
  • Jul 1, 2022 2:04am Jul 1, 2022 2:04am
Quoting Konichiwhaat
{quote} Got there. Short taken
I get off here for 40 pips. Have a great weekend everyone. Go out side, have fun, don't trade crypto!
Emotional Control. Process, not outcome.
  • #150,851
  • Jul 1, 2022 2:43am Jul 1, 2022 2:43am
Anyone joined the drop at 0478, I was out for a rest.

New levels:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
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  • #150,852
  • Jul 1, 2022 2:54am Jul 1, 2022 2:54am
Quoting Js3mwtRc
Anyone joined the drop at 0478, I was out for a rest. New levels: {image}
In since 1.04354
  • #150,853
  • Jul 1, 2022 3:08am Jul 1, 2022 3:08am
Quoting GreenJ
{quote} In since 1.04354
Little late, but if, it continues to drop then it might break 0420 and reach around 0400.
Looking for profitable short term trades ...|
  • #150,854
  • Jul 1, 2022 3:10am Jul 1, 2022 3:10am
Quoting Js3mwtRc
{quote} Little late, but if, it continues to drop then it might break 0420 and reach around 0400.
Misunderstood, my bad. No went in long. Out at 1.0456

Went back in again long 1.04375
  • #150,855
  • Jul 1, 2022 3:12am Jul 1, 2022 3:12am
Based on H4, we could watch some choppy drop until 1.0422, but I think price eventually needs a clearer wave 2 correction before the bearish wave 3 kicks in..

Environment is bearish BUT for now there is a tight range both sides have to deal with:
My nearest support sits at 1.0422..
My nearest resistance is currently at: 1.0462..
Focus only on what truly matters!
  • #150,856
  • Jul 1, 2022 3:14am Jul 1, 2022 3:14am
Quoting GreenJ
{quote} Misunderstood, my bad. No went in long. Out at 1.0456 Went back in again long 1.04375
Its ok.
Looking for profitable short term trades ...|
  • #150,857
  • Jul 1, 2022 3:24am Jul 1, 2022 3:24am
Quoting Ata-Turkoglu
Based on H4, we could watch some choppy drop until 1.0422, but I think price eventually needs a clearer wave 2 correction before the bearish wave 3 kicks in.. Environment is bearish BUT for now there is a tight range both sides have to deal with: My nearest support sits at 1.0422.. My nearest resistance is currently at: 1.0462..

If it breaks 1.0458 it should take off
  • #150,858
  • Jul 1, 2022 3:32am Jul 1, 2022 3:32am
Quoting GreenJ
{quote} If it breaks 1.0458 it should take off
On DAILY, I earlier gave the s/r levels.. Based on that, even if it takes off, the first wall bull will hit is 1.0491... Even if they pass through it, the maximum of this day is limited with 1.0555/86 area!

Therefore, I still prefer to mark this bullish progress as a temporary wave 2 correction.

Best wishes
Focus only on what truly matters!
  • #150,859
  • Jul 1, 2022 3:38am Jul 1, 2022 3:38am
Quoting Ata-Turkoglu
{quote} On DAILY, I earlier gave the s/r levels.. Based on that, even if it takes off, the first wall bull will hit is 1.0491... Even if they pass through it, the maximum of this day is limited with 1.0555/86 area! Therefore, I still prefer to mark this bullish progress as a temporary wave 2 correction. Best wishes
Got you, I trade ranges and the charts some of you guys are providing (thank you) are very constructive and helpful.
  • #150,860
  • Jul 1, 2022 3:55am Jul 1, 2022 3:55am
In 4H chart the price closed well above 0445 low at 0483, but failed down at 0434 and now is trying to find support above it again.
EUR CPI numbers may help it advance forward, but I think that the market will wait the US ISM Manufaturing release later to weight both currencies.

So EURUSD should stay below 0500, before it considers more upside, or downside after the US news.

Five minutes left for EUR CPI!
Looking for profitable short term trades ...|
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