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  • #1,217,101
  • Jul 12, 2022 4:11pm Jul 12, 2022 4:11pm
It isn't surprising to see EUR/USD bounce from its first test of parity, with the pair moving higher immediately after touching 1.000.

Given the immense psychological significance of this level, there was likely an abundance of buy limit orders that ended up getting filled. That being said, a number of traders have also probably placed their stop-loss or sell orders just below, which could trigger a sharp decline if this level is breached.

All trading carries risk, but with US CPI figures out on Wednesday, it will be interesting to see if we get another test of parity, or if EUR/USD can sustain a slightly larger bounce.
  • #1,217,102
  • Jul 12, 2022 4:51pm Jul 12, 2022 4:51pm
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SL was hit.....but I reentered long now with SL at 04 , as shown .

  • #1,217,103
  • Jul 12, 2022 11:21pm Jul 12, 2022 11:21pm
second test to below parity level today .... tf m15 The price direction is clear to the south
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The Average Discount Everything
  • #1,217,104
  • Jul 13, 2022 12:47am Jul 13, 2022 12:47am
We will probably see more consolidation ahead of US CPI news and then again we may experience more consolidation.

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  • #1,217,105
  • Jul 13, 2022 1:24am Jul 13, 2022 1:24am
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The Average Discount Everything
  • #1,217,106
  • Jul 13, 2022 1:51am Jul 13, 2022 1:51am
I don't think that this small dose of good sentiment that is favoring EU now will continue that way.

Of-course the opposite might happen, but it is not in my rules.
Looking for profitable short term trades ...|
  • #1,217,107
  • Jul 13, 2022 2:36am Jul 13, 2022 2:36am
And the "theme" continues for the euro - had enough yet about Nordstream? lol, in the meantime the US started to prepare for recession and retail traders ended up trading few pips here and there in the pair. Hmm.
  • #1,217,108
  • Jul 13, 2022 2:48am Jul 13, 2022 2:48am
Quoting afsoungar
if the support of broken 4h trend line failed, it will go for 1.01 and 1 :/
did you see this post past month??
  • #1,217,109
  • Jul 13, 2022 2:50am Jul 13, 2022 2:50am
Quoting Js3mwtRc
We will probably see more consolidation ahead of US CPI news and then again we may experience more consolidation. {image}
Most of its bullish potential lost from that drop to 1.0007, but no forecast is that accurate and EU still has chances to climb back above 1.0024 again and test 1.0053. From there we should wait and see again.
Looking for profitable short term trades ...|
  • #1,217,110
  • Jul 13, 2022 3:07am Jul 13, 2022 3:07am
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.......My SL was not hit for 3 pips. . . . .I have hopes we ll see strength now , for few hours.

  • #1,217,111
  • Jul 13, 2022 3:25am Jul 13, 2022 3:25am
Quoting F.g
{image} .......My SL was not hit for 3 pips. . . . .I have hopes we ll see strength now , for few hours.
Fate is playing games with you.

Quoting Js3mwtRc
{quote} Most of its bullish potential lost from that drop to 1.0007, but no forecast is that accurate and EU still has chances to climb back above 1.0024 again and test 1.0053. From there we should wait and see again.
Went near 6 pips, it can do best. 1.0025 is where the new decision point is.
Looking for profitable short term trades ...|
  • #1,217,112
  • Jul 13, 2022 5:48am Jul 13, 2022 5:48am
Quoting Js3mwtRc
{quote} Most of its bullish potential lost from that drop to 1.0007, but no forecast is that accurate and EU still has chances to climb back above 1.0024 again and test 1.0053. From there we should wait and see again.
Done it! It reached 1.0068 and now it is backing of. That 1.0025 holded well, now it may hold the price until that news, or a break of 1.0073 will lead the price at the next level of interest 1.0094.
Looking for profitable short term trades ...|
  • #1,217,113
  • Jul 13, 2022 5:59am Jul 13, 2022 5:59am
Until it decides to either stick with the trend or break it, i prefer to stay away. I think we should see a correction up before resuming the bigger trend down, but it can also decide to do other stuff not in the normal schedule.

Things shouldn't change until the ECB meeting and their decision on the rates coming soon, i think anyway.
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  • #1,217,114
  • Edited 9:34am Jul 13, 2022 6:20am | Edited 9:34am
still in sideways, but can be falling wave .... 0.921 is a mandatory tp in tf monthly
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wide volatility for bears
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after CPI
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EURUSD has a large potential below parity level ..... thanks bulls for wide volatility
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0.99626 as first bears target today

sideways now in tf h1

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The Average Discount Everything
  • #1,217,115
  • Jul 13, 2022 7:08am Jul 13, 2022 7:08am
Up targets 1.0094/1.0119 down look at teh chart, blue lines are decision points. I advice new traders to stay out, or experiment with demo.


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Just bounced to 1.0083 as of writing!

Quoting hesron
still in sideways, but can be falling wave .... 0.921 is a mandatory tp in tf monthly {image} wide volatility for bears {image}
Looking for profitable short term trades ...|
  • #1,217,116
  • Jul 13, 2022 7:18am Jul 13, 2022 7:18am
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Took 40% of prfts here at 66 . Lifted SL to 50 for the rest longs. So far so good. Move might end here , might continue. . . . . . .
Patience and perseverance.....

  • #1,217,117
  • Jul 13, 2022 7:26am Jul 13, 2022 7:26am
Quoting F.g
{image} Took 40% of prfts here at 66 . Lifted SL to 50 for the rest longs. So far so good. Move might end here , might continue. . . . . . . Patience and perseverance.....
Great job, US CPI will be volatile.

Looking for profitable short term trades ...|
  • #1,217,118
  • Jul 13, 2022 7:34am Jul 13, 2022 7:34am
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Exited all at 50 ..... A strong rejection.......Looks very bearish in my eyes.....

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  • #1,217,119
  • Jul 13, 2022 7:38am Jul 13, 2022 7:38am
Sorry for the repetition of charts... Don't know how it happens....

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JY 5' -- Long here with SL at BE.

  • #1,217,120
  • Jul 13, 2022 7:39am Jul 13, 2022 7:39am
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Put a fork in the Euro
...because you never know - until you do!
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