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EURUSD only

  • #162,281
  • Dec 1, 2022 10:34am Dec 1, 2022 10:34am
Quoting Alkhine
{quote} hi mate, in case of reaction to 1.0460, at what price will the target be?
The only reasonable top end I see if there is a full rejection is the top of the existing new range at the 1.05200 Area, Past that the psychological zone at 1.06000. There is a lot of moderate resistance from previous range on D1 chart.

Red box on left hand side of D1 chart shows how choppy it got previously, so I would see choppy resistance before the 1.0600 level.

Not sure the bulls have it in them without some further news supporting them. (Long way too go)
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  • #162,282
  • Dec 1, 2022 10:38am Dec 1, 2022 10:38am
Quoting mesohi
{quote} The only reasonable top end I see if there is a full rejection is the top of the existing new range at the 1.05200 Area, Past that the psychological zone at 1.06000. There is a lot of moderate resistance from previous range on D1 chart. Red box on left hand side of D1 chart shows how choppy it got previously, so I would see choppy resistance before the 1.0600 level. Not sure the bulls have it in them without some further news supporting them. (Long way too go) {image}
thank you very much for your good analysis
  • #162,283
  • Dec 1, 2022 10:44am Dec 1, 2022 10:44am
Quoting mtako
last 15m cdl spinning top's high begging to get broken, and if broken early enough (with this 30min here), could tighten SL... Volatility still growing ! 15pips to go ! I doubt bulls stil have it in them, but as long as I see no potential resistance action<0470, they are controlling me
that's a tough cookie! but got there slowly but surely , And since no new low <0480 was made, bull momentum still is good enough for >0530. Combine that with today's volatility and you have a potential explosion like the 10th of November.

My own best case bull scenario is now a daily close >0580, attacking June's beginning of breakout move. That is where all my longs will be at BE or better.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,284
  • Dec 1, 2022 11:03am Dec 1, 2022 11:03am
Dirty head and shoulders with a second attempt on 5m? Opinions? (Looks kinda dirty and typically don't like using formations on lower time frames.
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  • #162,285
  • Dec 1, 2022 11:11am Dec 1, 2022 11:11am
Quoting mtako
Buy stop 1.04999 15m volatility growth takeover! Bears, you better hold your ground under .05 now !
And you have beautifully done just that, well done !!! Now buying again time !! Bought here 0476
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,286
  • Dec 1, 2022 11:13am Dec 1, 2022 11:13am
Quoting Js3mwtRc
EURUSD bounced but still is consolidating. Later in the US there is risk to bounce above 1.0497 or drop down to 1.0369 again. The volatility is 76 pips for today. Daily chart {image} {quote} Both satisfied
A bearish close? Then we have to see EU at the first blue area around 0.236% fibo level on this Daily graph - see chart on quote.
Looking for profitable short term trades ...|
  • #162,287
  • Dec 1, 2022 11:22am Dec 1, 2022 11:22am
Break through of the 38.2 Fib. Test of the 50% incoming? Will the Bears have the teeth!?

I can't help but look at the weekly and think the EUR/USD is super extended and needs a consolidation or retracement. (Thinking it will reverse is how you lose all your money BTW.)
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  • #162,288
  • Dec 1, 2022 11:25am Dec 1, 2022 11:25am
For me, traders have been just digesting the "over than average" up-move from over 2 weeks ago, but which is still taking the vast majority of the space. Now, no down movement is getting close to attacking that bull move, and if no big news puts a stop to it, it can try to continue in the same crazy spirit!

My own best case bull scenario for the week is now a weekly close >0620, attacking June's beginning of breakout move (0580s)on the way, but breaking straight through.

Alas, bears have slowed them down by winning this volatility war. But I've got a new long setup from the 3H failing to come back down early enough to trigger today's usual ranging setup + growing volatility kicking in on the 12H IF this day closes above the "other" main high of the week (Monday).

Sooooo, with all that, and just in case there is an Asian miracle combined to all that : Buy stop 0535 0552 0570 0590 0620



Meanwhile, looking from the farthest of stars, the two giants of the year are kissing
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,289
  • Dec 1, 2022 11:32am Dec 1, 2022 11:32am
Quoting mtako
last 15m cdl spinning top's high begging to get broken, and if broken early enough (with this 30min here), could tighten SL... Volatility still growing ! 15pips to go ! I doubt bulls stil have it in them, but as long as I see no potential resistance action<0470, they are controlling me
I almost starting selling ! So close Mr.Bear! But Mr.Bull and company even closer still ! This 15min hidden div gave me another long setup.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,290
  • Dec 1, 2022 11:46am Dec 1, 2022 11:46am
The Bear shot the bull, but the bull kept coming! Testing the 1.0500 Zone once again!
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  • #162,291
  • Dec 1, 2022 12:00pm Dec 1, 2022 12:00pm
Quoting mesohi
The Bear shot the bull, but the bull kept coming! Testing the 1.0500 Zone once again! {image}
Mate ! Your posts put a big smile on my face twice already and you are new here, so sending you a big warm welcome and thank you !!!!!

Oh boy, 0470s supported so nice with the double bottom, but now resistance is doing the same >.050s, time to tighten SLs again !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,292
  • Dec 1, 2022 12:07pm Dec 1, 2022 12:07pm
Buy stop 0520 0530 still 15min hiddenDiv potential
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,293
  • Dec 1, 2022 12:12pm Dec 1, 2022 12:12pm
Meanwhile, on M30...

Earlier I got hit by another suckerpunch... Had to switch back to buying dips.. Now all good..

1.04755 is still my nearest support..
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Focus only on what truly matters!
  • #162,294
  • Dec 1, 2022 12:13pm Dec 1, 2022 12:13pm
Started Buying USD. Will close the position 2 hours after London closes tommorow.
If NFP surprises me and heads the other, then so be it.

Also, Lagarde speaks tonight (Dove). Every reason to believe retracement is incoming.
  • #162,295
  • Dec 1, 2022 12:30pm Dec 1, 2022 12:30pm
Quoting mesohi
{quote} The only reasonable top end I see if there is a full rejection is the top of the existing new range at the 1.05200 Area, Past that the psychological zone at 1.06000. There is a lot of moderate resistance from previous range on D1 chart. Red box on left hand side of D1 chart shows how choppy it got previously, so I would see choppy resistance before the 1.0600 level. Not sure the bulls have it in them without some further news supporting them. (Long way too go) {image}
Can tomorrow's nfp report play any part and serve as catalyst for further strengthening of euro ?
  • #162,296
  • Dec 1, 2022 12:46pm Dec 1, 2022 12:46pm
2H volatility growth setup Buy stop 0513!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,297
  • Dec 1, 2022 12:56pm Dec 1, 2022 12:56pm
Bought the new low of range 1min 0505!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #162,298
  • Dec 1, 2022 1:07pm Dec 1, 2022 1:07pm
I can't share it because Ata has banned other parities, but when I look at the relevant parities -correlation- , I think it can go up to the EU 1.06162 level. Whatever is going on, it looks like there is a bull trap.
Swing Trader
  • #162,299
  • Dec 1, 2022 1:11pm Dec 1, 2022 1:11pm
EUR/USD Weekly Chart

One thing worries me. Upcoming OPEC Meeting. Another thing is the Weekly Chart and what it is suggesting to me. As you can see on Weekly Chart, price literally hit the Blue Line. Not to expect the reaction at this price isn't wise coupled with the fact that tommorow it's infamous Friday on which day Weekly retracement are known. Something to think about. Based on what I see, while I expect USD to depreciate further, there are many red signals. We very well may be at the price now at this moment where price is about to pivot and price where Downtrend will continue from. We are in December now so keep your eyes open.

If we don't get the usual Friday's retracement tommorow, that will be the huge red flag to me.
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  • #162,300
  • Dec 1, 2022 1:18pm Dec 1, 2022 1:18pm
Daily S/R Levels for NFP Friday

  1. Bulls are hastily trying to jump onto a higher league: above 1.0532... Will it happen?
  2. If momentum allows bulls to rise my next target would be 1.0642 area...
  3. But if bears take over after weakness and rejection from 1.0532 we could drop back to 1.0374 area...
  4. Overall it is best to play along with bulls until weakness shows..

Best wishes and trade safe

Attached Image (click to enlarge)
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