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  • #173,341
  • Jun 1, 2023 7:24pm Jun 1, 2023 7:24pm
No movement overnight!! Checking pa.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #173,342
  • Jun 1, 2023 8:47pm Jun 1, 2023 8:47pm
  • #173,343
  • Jun 1, 2023 9:22pm Jun 1, 2023 9:22pm
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
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Have a great day!
Looking for profitable short term trades ...|
  • #173,344
  • Jun 1, 2023 9:23pm Jun 1, 2023 9:23pm
short at 1.076x tp 10-15p
  • #173,345
  • Edited 10:43pm Jun 1, 2023 10:29pm | Edited 10:43pm
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.
Practitioner of the cryptic trading arts
  • #173,346
  • Jun 1, 2023 11:24pm Jun 1, 2023 11:24pm
What do you guys think. 1.0804 of 20sma Weekly.
  • #173,347
  • Edited 11:52pm Jun 1, 2023 11:27pm | Edited 11:52pm
With no rest, this sucker might go towards 1.0833... There we can decide again what to do next..

Based on H1, 1.0755 area is my nearest support for now..
Focus only on what truly matters!
  • #173,348
  • Jun 1, 2023 11:57pm Jun 1, 2023 11:57pm
Quoting Ata-Turkoglu
With no rest, this sucker might go towards 1.0833... There we can decide again what to do next.. Based on H1, 1.0755 area is my nearest support for now..
been watching the price action quietly no real pull back this thing is looking to take out all shorts won’t give any pull back opportunities will get higher and higher as the day goes on until the NFP and then data will decide
  • #173,349
  • Edited Jun 2, 2023 12:38am Jun 1, 2023 11:57pm | Edited Jun 2, 2023 12:38am
Quoting Endoephemera
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
  • #173,350
  • Jun 2, 2023 12:06am Jun 2, 2023 12:06am
Hello, its the price action thats screaming for a break to the top side. I feel it will be closer to 108 before NFP.
All date pointing to a possibility of a weaker NFP today, so upto then. Until data comes i expect a rise in Euro. Good Luck
  • #173,351
  • Jun 2, 2023 12:46am Jun 2, 2023 12:46am
Quoting Traderview
What do you guys think. 1.0804 of 20sma Weekly.
If we get more than 200k NFP, then it'll touch 1.0680. I will look for sells from 1.0750.
  • #173,352
  • Jun 2, 2023 12:53am Jun 2, 2023 12:53am
Unemployment rate and average earnings are important numbers to watch out for even if NFP is 200K.
If they are below expectations USD will drop in my opinion.
  • #173,353
  • Jun 2, 2023 12:54am Jun 2, 2023 12:54am
Quoting MateuszFx123
{quote} 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. {image} Looking at the past everything always looks so logical. Today DXY could find support after...
You always have to set a level from which you consider your ideas were wrong and therefore concede defeat, this is a very fast changing game, keep that in mind.
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!!
  • #173,354
  • Jun 2, 2023 12:58am Jun 2, 2023 12:58am
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.
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  • #173,355
  • Jun 2, 2023 1:09am Jun 2, 2023 1:09am
Quoting Mitiblotch
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}
cannot see 0890ish yet but 0810-0835 is in sight for sure
Patience, Emotion Control and Discipline.
  • #173,356
  • Jun 2, 2023 1:10am Jun 2, 2023 1:10am
Back to see pa, same as before, waiting 0754 confirmation for 0715 limit test, 0741 may not hold. So same 0720 arounds target then. Before 0800 test next probably. . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #173,357
  • Jun 2, 2023 1:12am Jun 2, 2023 1:12am
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  • #173,358
  • Edited 1:31am Jun 2, 2023 1:13am | Edited 1:31am
Quoting Traderview
{quote} If we get more than 200k NFP, then it'll touch 1.0680. I will look for sells from 1.0750.
NFP was better than expected for the last couple of months so we will probably see something similiar. ADP yesterday was better than expectation but didnt move the market much.

not sure what will NFP do this time.

Choppy pa today within a small range, may not have much movement until NFP.

bet we will hit 0735 then up to attack 0810-35
Patience, Emotion Control and Discipline.
  • #173,359
  • Jun 2, 2023 1:44am Jun 2, 2023 1:44am
For NFP today I have a sell limit @ 1.08000
Target is 1.06927
Sl is 50 pips.
Risk comes from not knowing what to do
  • #173,360
  • Jun 2, 2023 1:53am Jun 2, 2023 1:53am
Quoting johncen
{quote} cannot see 0890ish yet but 0810-0835 is in sight for sure
All things are possible in forex. I always make sure to remember that. However, that ema will be sitting roughly around 1.0850 by the time price gets there.
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