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  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,197 Posts | Online Now
EU is leaving from the low of this violated down channel.
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Feels right this time!
Quoting Js3mwtRc
EU is leaving from the low of this violated down channel. {image}

I am tempted to place a long here to catch a medium-to-long-term bounce back to near parity, but I am traumatized by this falling knife Will wait a little longer to see if 0.96xxx gets touched.
Trying my best.
Quoting Js3mwtRc
EU is leaving from the low of this violated down channel. {image}
If this is the low for now and powell not too hawkish later we should see 0.9780.
below are just guessing, haha we can still see 9600 first
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Patience, Emotion Control and Discipline.
Quoting johncen
{quote} If this is the low for now and powell not too hawkish later we should see 0.9780. below are just guessing, haha we can still see 9600 first {image}
So, can we say that, with your image, you are secretly implying that Euro can't get it up?
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.5%
Quoting johncen
{quote} If this is the low for now and powell not too hawkish later we should see 0.9780. below are just guessing, haha we can still see 9600 first {image}
…that graph, lol
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,197 Posts | Online Now
Quoting moondoggie
{quote} I am tempted to place a long here to catch a medium-to-long-term bounce back to near parity, but I am traumatized by this falling knife Will wait a little longer to see if 0.96xxx gets touched.
I will wait to see it at 0.9800/65 next week or, the others only to sell, but it is not good to buy EU these times.

Quoting johncen
{quote} If this is the low for now and powell not too hawkish later we should see 0.9780. below are just guessing, haha we can still see 9600 first {image}
Last time it went up about 100 pips, but I don't think we are going to see the same.
Feels right this time!
Quoting Ata-Turkoglu
{quote} So, can we say that, with your image, you are secretly implying that Euro can't get it up?
Hahaha that’s a good one!
Patience, Emotion Control and Discipline.
Quoting Js3mwtRc
{quote} I will wait to see it at 0.9800/65 next week or, the others only to sell, but it is not good to buy EU these times. {quote} Last time it went up about 100 pips, but I don't think we are going to see the same.
100 pips is nothing. EU held up strong today compared to it's counterpart. That's dropped almost 500 pips. There will be retest. Personally I believe we hwve exhausted the yearly range. Even the covid pandemic year of 2020 when businesses were intentionally destroyed price didn't move this much.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Should see 974-45 again soon and let see what will be next. Powell may drag it under 0.97 or push it up to 9780.
Patience, Emotion Control and Discipline.
Quoting Ata-Turkoglu
{quote} So, can we say that, with your image, you are secretly implying that Euro can't get it up?
A strong afrodesiac needed likely be for multiple times.
It's that time before Powell speech again... Expect spikes and weird shake-offs!
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.5%
Lets see if it can reach the TARGET level for this setup
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  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,197 Posts | Online Now
Quoting Mitiblotch
{quote} 100 pips is nothing. EU held up strong today compared to it's counterpart. That's dropped almost 500 pips. There will be retest. Personally I believe we hwve exhausted the yearly range. Even the covid pandemic year of 2020 when businesses were intentionally destroyed price didn't move this much.
The pandemic we are still experience created the supply chains problem and now the energy crisis, because of Putin. I can't think what other can hit Europe, but I don't see EU going up soon, it will just correct like, it does latelly, because of the rates differential with the US. 100 pips can drop in seconds!
Feels right this time!
Quoting andvk74
Lets see if it can reach the TARGET level for this setup {image}
Sir... are you not happy with 0.9702? I have 2 kitten to feed at home... More lows will hurt mine and my friends accounts sir... Please sir... don't let it drop... 0.9702 is good... greed is no good sir.. don't push no more sir.. please sir..
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.5%
[quote=Ata-Turkoglu;14150294]{quote} Sir... are you not happy with 0.9702? I have 2 kitten to feed at home... More lows will hurt mine and my friends accounts sir... Please sir... don't let it drop... 0.9702 is good... greed is no good sir.. don't push no more sir.. please sir.. {imag
IMO it's going for 0.8...
Quoting andvk74
IMO it's going for 0.8...
I hope not tonight bro... I am low on air...
Attached Image
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.5%
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,197 Posts | Online Now
Quoting Ata-Turkoglu
{quote} I hope not tonight bro... I am low on air... {image}
I hope you get a lifeboat, whats your target!?
Feels right this time!
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.. the show must go on.
Not really a sign for a global change so far.
Market is more simple as you think.
Quoting Js3mwtRc
{quote} I hope you get a lifeboat, whats your target!?
For today, I could survive a dip to 0.9600 if I don't interfere.. anything lower is k-poowwwwww.... but of course I will interfere whenever necessary..

If it somehow goes up, my target is limited with 0.98....
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.5%
Quoting johncen
Should see 974-45 again soon and let see what will be next. Powell may drag it under 0.97 or push it up to 9780.
I listened to Powell's whole press conference on Wednesday. He said absolutely nothing that, on its face, should have created hope that interest rate policy would be easing in the near term. Kept repeating the phrase, "until the job is done" in reference to beating inflation back down to the Fed's 2% target. And he made it clear again and again that the job is nowhere close to getting done, nor, in my impression, even looking like its starting to turn the corner to where the Fed can start relaxing its aggressive rate raising. What happened? This pair rose 60 pips from the start of his remarks until the last question. Didn't make any sense to me if pa was just reacting to Powell. Then what happened? From there until the end of NY trading the pair gave back those 60 pips plus 10 more.

As so many have said here previously, there are other forces in play that prohibit simple correlation between pa and the words of the Chairman of the U.S. Federal Reserve that kept saying again and again, "We're not out of the woods folks. We're not even able to see the edge of the woods yet." If it was that simple the pair would have fallen 60 pips while he was speaking instead of gaining that amount.

With regards to his upcoming scheduled speech at 2 p.m. EDT / 6 p.m. GMT / 8 p.m. CET, what else would he say that wasn't just commented on two days ago? This seems unlikely to be a significant price moving event given that it's also on Friday afternoon when price movement is typically very narrow less than 4 hours before closing for the week.
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