Not understand?better not follow my analyses!doubt clearer first, risks ++
- #173,341
- Jun 1, 2023 9:24pm Jun 1, 2023 9:24pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
- #173,342
- Jun 1, 2023 10:47pm Jun 1, 2023 10:47pm
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
- #173,343
- Jun 1, 2023 11:22pm Jun 1, 2023 11:22pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,443 Posts
Good day, the upside move looks solid backed from fundamentals so any retrace should find support from the bulls unless today's NFP report shows strong and sticky inflation from wages. I expect 46 pips range + and some support at around 1.0750 weekly pivot.
1 hour chart
Have a great day!
1 hour chart
Have a great day!
Looking for profitable short term trades ...|
- #173,345
- Edited 12:43am Jun 2, 2023 12:29am | Edited 12:43am
- Joined May 2014 | Status: Alive | 523 Posts
Contrary to my expectation it is not dropping, so opened a small long 1.0766.
That said this isn't really a good place for opening any position.
PS It's a case of doing what feels wrong.
That said this isn't really a good place for opening any position.
PS It's a case of doing what feels wrong.
Practitioner of the cryptic trading arts
- #173,347
- Edited 1:52am Jun 2, 2023 1:27am | Edited 1:52am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #173,349
- Edited 2:38am Jun 2, 2023 1:57am | Edited 2:38am
- Joined May 2014 | Status: Alive | 523 Posts
Contrary to my expectation it is not dropping, so opened a small long 1.0766. That said this isn't really a good place for opening any position. PS It's a case of doing what feels wrong.
I reversed short 1.0771 Current high should remain for the day.
PS. 30 minutes later... They are working around to see whether to make this the top or go higher.
PPS. 40 minutes later. More evidence for the down direction.
Practitioner of the cryptic trading arts
- #173,353
- Jun 2, 2023 2:54am Jun 2, 2023 2:54am
- | Commercial User | Joined Jul 2013 | 7,885 Posts
{quote} Thanks Pedro, I listened then too much to perma bears but I have to decide what to do with those 0.95 shortsYou 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. {image} Looking at the past everything always looks so logical. Today DXY could find support after...
So far this is only retracement but on D1. I think if we touch 1.0810 and 1.0820 are all opportunities to short targeting 1.05 or at least 61.8 ret of this last move up.
I will start to concede defeat if I see break of 1.0830.
Good luck.
We watch the charts from every angle so you don't have to!!
- #173,355
- Jun 2, 2023 3:09am Jun 2, 2023 3:09am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,023 Posts
The sequence of moves might be disorderly, but the orange ellipse is the target just around where the 4hr SMA lies. Watch the local highs to the left. Those might be areas of temporary pauses. I shared this wedge when price was heading lower, but I knew the breakdown was false and that's why I was buying frantically. {image}
Patience, Emotion Control and Discipline.
- #173,356
- Jun 2, 2023 3:10am Jun 2, 2023 3:10am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #173,358
- Edited 3:31am Jun 2, 2023 3:13am | Edited 3:31am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,023 Posts
Patience, Emotion Control and Discipline.
- #173,359
- Jun 2, 2023 3:44am Jun 2, 2023 3:44am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #173,360
- Jun 2, 2023 3:53am Jun 2, 2023 3:53am
- Joined Sep 2017 | Status: Trader | 11,252 Posts
{quote} cannot see 0890ish yet but 0810-0835 is in sight for sure