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  • #173,221
  • May 31, 2023 9:12am May 31, 2023 9:12am
Quoting johncen
{quote} bear seems like they dont wanna stop!
Yes, they are unstoppable from the start of may
Looking for profitable short term trades ...|
  • #173,222
  • May 31, 2023 9:15am May 31, 2023 9:15am
Quoting johncen
{quote} bear seems like they dont wanna stop!
Bulls are currently dead, but that's how it usually feels when price dumps nonstop; that's how it feels before a good retracement. Tomorrow is the first day of the month. Find the monthly pivot. Most likely it's above where price currently is. Somehow price will hit it and any long suffering bulls can get out with some profit or break even. If price however keeps falling without testing the pivot then most likely June will be a bull month because somehow the monthly pivot will be touched at some point.

Someone said at the beginning of May, "sell in may and go away". Hahaha
  • #173,223
  • May 31, 2023 9:26am May 31, 2023 9:26am
may go further down today but 80 % short at be closed at 0640 . lets see next what !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD.iDaily.png Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #173,224
  • May 31, 2023 9:37am May 31, 2023 9:37am
Quoting 3Davy
{quote} Whats your target? I holding shorts to. Stay green
my target is 1.0560
  • #173,225
  • May 31, 2023 9:39am May 31, 2023 9:39am
Quoting Mitiblotch
{quote} Bulls are currently dead, but that's how it usually feels when price dumps nonstop; that's how it feels before a good retracement. Tomorrow is the first day of the month. Find the monthly pivot. Most likely it's above where price currently is. Somehow price will hit it and any long suffering bulls can get out with some profit or break even. If price however keeps falling without testing the pivot then most likely June will be a bull month because somehow the monthly pivot will be touched at some point. Someone said at the beginning of May,...
Monthly pivot - > previous months high+low+close/3 that's around 1.0790 now, but it might drop lower until the close of the candle, not bad!
Looking for profitable short term trades ...|
  • #173,226
  • May 31, 2023 9:44am May 31, 2023 9:44am
Quoting Js3mwtRc
{quote} Monthly pivot - > previous months high+low+close/3 that's around 1.0790 now, but it might drop lower until the close of the candle, not bad!
So if you use this month's candle to calculate for June we currently don't know this month's low and close. Is there another way to do it, or you used an estimate?
  • #173,227
  • May 31, 2023 9:46am May 31, 2023 9:46am
Quoting pedro319
{quote} Added 1.0651, will start scaling out below 1.0640.
Closed first entry for a loss -30.
Will keep the one from 1.0651.
We watch the charts from every angle so you don't have to!!
  • #173,228
  • May 31, 2023 9:50am May 31, 2023 9:50am
Quoting Mitiblotch
{quote} So if you use this month's candle to calculate for June we currently don't know this month's low and close. Is there another way to do it, or you used an estimate?
Just an estimate using the calculation after the close we'll know exactly.

Closing now I am too many hours inside see you tomorrow! Happy new month!!
Looking for profitable short term trades ...|
  • #173,229
  • May 31, 2023 9:52am May 31, 2023 9:52am
Quoting Js3mwtRc
{quote} Just an estimate using the calculation after the close we'll know exactly. Closing now I am too many hours inside see you tomorrow! Happy new month!!
Happy new month to you too. Enjoy.
  • #173,230
  • May 31, 2023 9:54am May 31, 2023 9:54am
Attached Image (click to enlarge)
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #173,231
  • May 31, 2023 9:59am May 31, 2023 9:59am
  •  Evt
  • | Joined Sep 2011 | Status: Professional Trader | 86 Posts
only at 79% retrace, no big deal..
added more longs at 1.0640 & 0635
Audentes fortuna iuvat
  • #173,232
  • May 31, 2023 10:01am May 31, 2023 10:01am
Quoting Traderview
Looks like 1.0632 for the bulls.
  • #173,233
  • May 31, 2023 10:08am May 31, 2023 10:08am
sold, target 1.05
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #173,234
  • May 31, 2023 10:30am May 31, 2023 10:30am
As we have the last day of the month, we see that the monthly candle will close probably right at the bottom. Now, it did not make the 2-month engulfing candle I hoped it will do. That would have been perfect... but it's close to it. Even without that, this candle looks quite intimidating for any bull.
Anyhow, a candle like this has a good probability of continuation since it is the first after two green ones.
So, looking ahead fibonacci wise the next two targets could be the 38.2% and 50% aka 1.0500+- and 1.0314+-.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly - May 23b.png Size: 17 KB

I am expecting some bouncing around at the 1.050xx level. But the $$ could still become stronger in the weeks ahead due to the TGA refill operation.

Hmm... thinking about to hold my sell longer - anyhow, swap is piling up already.
  • #173,235
  • May 31, 2023 10:33am May 31, 2023 10:33am
Quoting pedro319
{quote} Closed first entry for a loss -30. Will keep the one from 1.0651.
Added 1.0640 and finally on the move.
We watch the charts from every angle so you don't have to!!
  • #173,236
  • May 31, 2023 10:50am May 31, 2023 10:50am
  •  Evt
  • | Joined Sep 2011 | Status: Professional Trader | 86 Posts
Quoting Evt
only at 79% retrace, no big deal.. added more longs at 1.0640 & 0635
Well that worked out nicely
Audentes fortuna iuvat
  • #173,237
  • May 31, 2023 11:15am May 31, 2023 11:15am
Quoting pedro319
H1 Bfly buy 1.0652 and 1.0625 This is only for short term pullback, overall bearish target is 1.05. {image}
Bfly working well, destination, last highs H1 at least.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 19 KB
We watch the charts from every angle so you don't have to!!
  • #173,238
  • May 31, 2023 12:10pm May 31, 2023 12:10pm
Attached Image (click to enlarge)
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  • #173,239
  • May 31, 2023 12:18pm May 31, 2023 12:18pm
Meanwhile, on H1...

As long as bulls don't penetrate through 1.0686 I will try to add one more sell order. with hopes that bears go back to retest 1.0661 area..

*I also watch how price behaves around the rim of the ellipse..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 24 KB
Focus only on what truly matters!
  • #173,240
  • May 31, 2023 12:44pm May 31, 2023 12:44pm
Quoting andvk74
{image}
Say it ain't so....
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