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  • #173,321
  • Jun 1, 2023 7:42am Jun 1, 2023 7:42am
Quoting Ultras
Sell @ 1.0740 tight SL
Closed half of the trade @ 1.0725 (+15 pips), and the other half moved SL to BE
  • #173,322
  • Jun 1, 2023 8:35am Jun 1, 2023 8:35am
1.0764 is next!!
We watch the charts from every angle so you don't have to!!
  • #173,323
  • Jun 1, 2023 9:00am Jun 1, 2023 9:00am
Sweet day. Final batch of all longs closed at 1.0752. Happy bull day.
  • #173,324
  • Jun 1, 2023 9:01am Jun 1, 2023 9:01am
Based on H1, I am marking 1.0723 as nearest support....
Focus only on what truly matters!
  • #173,325
  • Jun 1, 2023 9:03am Jun 1, 2023 9:03am
Sell @ 1.07530 tight SL
  • #173,326
  • Jun 1, 2023 9:20am Jun 1, 2023 9:20am
Daily Chart worked out beautifully if you weren't paying attention. For those that think short is the direction be careful! See how it smashed the 78.6% Fib and shot out? We just broke the 61.8% retracement, though we need a daily close above.

If that happens a reasonable next step is going to be the 50% retracement on the daily. (Equilibrium) for price. That would take us all the way to the ~1.0810. Now of course this is the daily and news and other happenings can jack it up so no guarantee.

I find myself in the Bull camp. Over the next 2 or 3 sessions we should hopefully see that move up. I will be taking longs on the deeper pullbacks. (15m and 30m).

For now we had a break of the 200man on the hourly. Fully expect us to find a short term top here and retrace. Possible short if the market pushes up too the 1.0760. (Next high on the ladder.)

That short may be really weak as it would pull back to the 200ma and find resistance. (1.07365) Not a big trade, 20 pips or so. If it manifests we will see if I get in or just wait for the pullback suggested before.

Given what I see on that daily with the Fibs, I'm firmly in the Bull camp for the moment. At least till we hit that 50% retracement on the daily.

Good luck with your trading and hopefully you can make some money!
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  • #173,327
  • Jun 1, 2023 9:28am Jun 1, 2023 9:28am
Quoting mesohi
Daily Chart worked out beautifully if you weren't paying attention. For those that think short is the direction be careful! See how it smashed the 78.6% Fib and shot out? We just broke the 61.8% retracement, though we need a daily close above. If that happens a reasonable next step is going to be the 50% retracement on the daily. (Equilibrium) for price. That would take us all the way to the ~1.0810. Now of course this is the daily and news and other happenings can jack it up so no guarantee. I find myself in the Bull camp. Over the next 2 or 3...
i had my observation similar. in anycase like my shoutouts penned. i already fixed my bias. so its about the "time will tell and let the chart do the talks" thing.
Sincerely Yours Cheers!
  • #173,328
  • Jun 1, 2023 9:32am Jun 1, 2023 9:32am
able breaks 0758 or not ,waiting break out at 0751 , signal 0746 below to engage in short for 0720,0692 , actually should below 0684. waiting !
0758 broken but not 60 , though now not important , limit goes 0762 to correct for further up , at that time correction target to the minimum ,0720/10 .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #173,329
  • Jun 1, 2023 9:32am Jun 1, 2023 9:32am
Quoting Ultras
Sell @ 1.07530 tight SL
closed manually
  • #173,330
  • Jun 1, 2023 9:35am Jun 1, 2023 9:35am
I am going to open shorts all the way to 1.08, starting 1.0758. Scaling in and out.

Quoting pedro319
Today I am buying, added long at 1.0674, 38.2 fib ret H1 and will keep trying along the fib levels.
Orders from this morning closed. 95 pips profit for the lowest.
Keeping the ones from yesterday.
I hope everyone took advantage of this move!!
We watch the charts from every angle so you don't have to!!
  • #173,331
  • Jun 1, 2023 9:50am Jun 1, 2023 9:50am
Quoting pedro319
I am going to open shorts all the way to 1.08, starting 1.0758. Scaling in and out. {quote} Orders from this morning closed. 95 pips profit for the lowest. Keeping the ones from yesterday. I hope everyone took advantage of this move!!
well done mate, i still holding some while trying a small short here near 0760.

pretty strong bull move today, was expecting only 0735-40 only.

depending how we close the day, marking 0720 as support for tomorrow for buying dip to 0800-0820 (testing new monthly pivot).

we are now back at weekly pivot and if bull is strong to close above it today, more likely for a test further up.

well too early to say at this stage. Will see before london tomorow
Patience, Emotion Control and Discipline.
  • #173,332
  • Jun 1, 2023 9:51am Jun 1, 2023 9:51am
Quoting johncen
{quote} well done mate, i still holding some while trying a small short here near 0760. pretty strong bull move today, was expecting only 0735-40 only. depending how we close the day, marking 0720 as support for tomorrow for buying dip to 0800-0820
Keep them longs until you see it's a genuine move, this thing has 1.08 written all over!
Thank you!!
We watch the charts from every angle so you don't have to!!
  • #173,333
  • Jun 1, 2023 9:59am Jun 1, 2023 9:59am
Next level if we break 1.0764 is 1.0788
We watch the charts from every angle so you don't have to!!
  • #173,334
  • Jun 1, 2023 10:02am Jun 1, 2023 10:02am
Quoting pedro319
Next level if we break 1.0764 is 1.0788
euro likes 100 pips a day, 764 is 100 pips from the low today so mayb we wil stop here.

although there are crazy days pa wants 150 pips
Patience, Emotion Control and Discipline.
  • #173,335
  • Jun 1, 2023 10:07am Jun 1, 2023 10:07am
Quoting fxcontest
H4 close above 0751, Bad for Short
Happened, Long 0752 - 0759
TP 0775, 0781, 0810, 0815, 0819
Holy Betting Grail strategy
  • #173,336
  • Jun 1, 2023 10:14am Jun 1, 2023 10:14am
It won't go past 1.078 I don't believe it's even a reversal; more likely just a retr. and shorting around 1.076 should be safe (as safe as it gets ).
Practitioner of the cryptic trading arts
  • #173,337
  • Edited 11:24am Jun 1, 2023 10:21am | Edited 11:24am
Quoting fontu
able breaks 0758 or not ,waiting break out at 0751 , signal 0746 below to engage in short for 0720,0692 , actually should below 0684. waiting ! 0758 broken but not 60 , though now not important , limit goes 0762 to correct for further up , at that time correction target to the minimum ,0720/10 . {image}
0762 breaks up so now breakout happen 0759, good signal be 0753 to lower target , minimum consider first . Next bull target 0800.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #173,338
  • Jun 1, 2023 12:50pm Jun 1, 2023 12:50pm
Maybe not a very big drop.
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  • #173,339
  • Edited 4:41pm Jun 1, 2023 1:56pm | Edited 4:41pm
Looks like we will be closing the day at around daily high, pretty strong bull/reversal signal.

it might not go down much before next leg up. Let see what Asian session has to say. For now i will look for 0735-40 area

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Patience, Emotion Control and Discipline.
  • #173,340
  • Jun 1, 2023 4:15pm Jun 1, 2023 4:15pm
Quoting pedro319
{quote} Those shorts from 0.95... we will revisit but that could take months if not years. We are going to 1.05 but nobody knows if we have a bigger pullback first. As for the shorts from 1.0660 this is your chance to close them if price finds support there. There will be other chances to short higher. Good luck.
Thanks Pedro,
I listened then too much to perma bears but I have to decide what to do with those 0.95 shorts

You were 100% right - 1.0660 was the last level to close my shorts with a small profit.

I believe that my mistake was not to wait until the end of the daily (monthly) candle.

It would be weird if we would test 1.05 without a pullback. Initially, I was pretty sure that pullback will occur without touching 78 fibo.

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Looking at the past everything always looks so logical.

Today DXY could find support after the drop at the current level

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But on EURUSD I don't see any retracement, we could go to 1.08 / 1.085, depending on NFP/unemployment news

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