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  • #173,661
  • Jun 8, 2023 11:13pm Jun 8, 2023 11:13pm
Good day. EU is showing some signs of a bullish trend comeback, but I believe that this is just a correction on the daily chart that needs a bearish test, 1.06909 is it's last level of defence and if, it gives up, then we may see it much more lower, but I'll watch at around 1.07250 for a bounce up again, that's only, if it drops without going much higher. Resistance is at 1.08312. No significant news today, the volatility is 57 pips!

1 hour chart
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Have a great Friday!
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  • #173,662
  • Edited 11:42pm Jun 8, 2023 11:20pm | Edited 11:42pm
We are going to retr. down. First possible end 1.075 +/- 8 PiPs. or, more likely, deeper, 1.0733
There's still business to do topside (people to meet, money to grab...), above 1.08 Then, based on how it acts there, we decide whether we completed an up correction of the short term down trend or we reversed and resume the weekly up trend.
Practitioner of the cryptic trading arts
  • #173,663
  • Edited 12:52am Jun 9, 2023 12:31am | Edited 12:52am
Meanwhile, on H1...

Bulls are still getting support from 1.0773 area.. Extra support sits currently around 1.0767....

Supportive big circle is past tense.. Now, bulls have to break out of my small ellipse for continuation... Let's see...

*If bulls start a new rally, 1.0836 area is my limit high for today!
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Focus only on what truly matters!
  • #173,664
  • Jun 9, 2023 1:12am Jun 9, 2023 1:12am
Plan for today.
Support 1.0763-53 for a move to 1.0805.
I will be using these levels for a buy and a sell.
We watch the charts from every angle so you don't have to!!
  • #173,665
  • Jun 9, 2023 1:27am Jun 9, 2023 1:27am
Meanwhile, on H4...

Here we can see a little clearer how the nearby resistance zone (20/25 pips thick) is slowing bull momentum...

Maybe a revisit to 1.0730 area is planned by robber banks to gain some stronger momentum for breaking above resistance... (i.e. to be able to pierce into the big ellipse)... We are definitely at crucial levels... Patience and attention is key!
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Focus only on what truly matters!
  • #173,666
  • Jun 9, 2023 1:36am Jun 9, 2023 1:36am
Quoting Ata-Turkoglu
Meanwhile, on H4... Here we can see a little clearer how the nearby resistance zone (20/25 pips thick) is slowing bull momentum... Maybe a revisit to 1.0730 area is planned by robber banks to gain some stronger momentum for breaking above resistance... (i.e. to be able to pierce into the big ellipse)... We are definitely at crucial levels... Patience and attention is key! {image}
Yeah i was thinking the same. 20sma on daily sits @ 1.0759. But, i think many pending buys are here with SL below of 1.0730. So this move has high probablity. As well as weekly 20sma is 1.0793. This is also a major price for bearish move to 20sma daily to 1.0759.

So it will be a good manipulation by robber banks.

lets see
  • #173,667
  • Jun 9, 2023 1:59am Jun 9, 2023 1:59am
Looking back at H1.... I am still patiently waiting for my ellipse-breakout...

If this doesn't go down directly, I would try to add a 2nd sell around 1.0794... Nothing for sure yet... Waiting for London.. Zzzz....
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Focus only on what truly matters!
  • #173,668
  • Jun 9, 2023 2:01am Jun 9, 2023 2:01am
It seems the bull bear pattern has finally ended, unfortunately it hit my sl yesterday but the good thing is that the direction has become a bit clearer (bullish).
The reason is this. If truly we were supposed to continue the bearish movement, the first thing bears would have done would have been to take out the lows of last month. But they didn't meaning they intend taking out the highs of last month which also means we could have a bullish engulfing candle that engulfed the previous engulfing candle.. Crazy.
Anyways, my bias has shifted to bullish for this month and probably beyond
Risk comes from not knowing what to do
  • #173,669
  • Jun 9, 2023 2:18am Jun 9, 2023 2:18am
Last daily candle means very little in the bigger picture.
Move to 1.09 is possible but not without a bounce down from 1.08 and even then 1.09 looks like a sell off.
Bfly sell H4.
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We watch the charts from every angle so you don't have to!!
  • #173,670
  • Jun 9, 2023 2:21am Jun 9, 2023 2:21am
Quoting Austyno
It seems the bull bear pattern has finally ended, unfortunately it hit my sl yesterday but the good thing is that the direction has become a bit clearer (bullish). The reason is this. If truly we were supposed to continue the bearish movement, the first thing bears would have done would have been to take out the lows of last month. But they didn't meaning they intend taking out the highs of last month which also means we could have a bullish engulfing candle that engulfed the previous engulfing candle.. Crazy. Anyways, my bias has shifted to bullish...
Speaking of monthly... Here are my s/r levels... I am anticipating several attacks to the rim of the ellipse: 1.0860 area and maybe with momentum testing even 1.1044 area... Time will tell...

Since this is the monthly, we don't need to panic.. we don't need to rush... Let's stick to intraday...
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Focus only on what truly matters!
  • #173,671
  • Jun 9, 2023 2:33am Jun 9, 2023 2:33am
Quoting Ata-Turkoglu
{quote} Speaking of monthly... Here are my s/r levels... I am anticipating several attacks to the rim of the ellipse: 1.0860 area and maybe with momentum testing even 1.1044 area... Time will tell... Since this is the monthly, we don't need to panic.. we don't need to rush... Let's stick to intraday... {image}
I totally agree with you.
Risk comes from not knowing what to do
  • #173,672
  • Jun 9, 2023 3:45am Jun 9, 2023 3:45am
Hello
Entered earlier a long @ 07629 no TP/SL
If it works I'll add...
Keep trading and learning or keep learning and trading!
  • #173,673
  • Jun 9, 2023 3:59am Jun 9, 2023 3:59am
Target TP @ Fibbo 50 - 61.8.
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Money without a purpose corrupts.
izanagi All Time Pips: 2,896
  • #173,674
  • Jun 9, 2023 4:00am Jun 9, 2023 4:00am
Quoting johncen
{quote} expect to see 0758 now. 0725 or 0690 still possible
took us quite a while to get to around 0758. I havd tp my shorts…

i dont want to open long yet as we might still go lower from here. Might call this a week. Overall fruitful week for me.

green pips all!
Patience, Emotion Control and Discipline.
  • #173,675
  • Jun 9, 2023 4:19am Jun 9, 2023 4:19am
Quoting arthurbolbos
Hello Entered earlier a long @ 07629 no TP/SL If it works I'll add...
Opened also @ 07608, but closed them both for some profit.
Setup forming doesn't make sense for the moment.
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  • #173,676
  • Jun 9, 2023 4:24am Jun 9, 2023 4:24am
Quoting johncen
{quote} took us quite a while to get to around 0758. I havd tp my shorts… i dont want to open long yet as we might still go lower from here. Might call this a week. Overall fruitful week for me. green pips all!
Agree. 'grats!
Money without a purpose corrupts.
izanagi All Time Pips: 2,896
  • #173,677
  • Jun 9, 2023 4:26am Jun 9, 2023 4:26am
I am waiting to close my short order... next I am planning to open a long order around 1.0752... Let bears do their thing first... no rush!
Focus only on what truly matters!
  • #173,678
  • Jun 9, 2023 4:52am Jun 9, 2023 4:52am
Buy limit@ 1.0744

SL 30 pips

tp @ 1.0806
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  • #173,679
  • Jun 9, 2023 4:54am Jun 9, 2023 4:54am
Closed my short already ... waiting for CAD news for good positions. Thanks for this thread!
Money without a purpose corrupts.
izanagi All Time Pips: 2,896
  • #173,680
  • Jun 9, 2023 6:49am Jun 9, 2023 6:49am
Got a long position, actually I was late on it ( left my pc for some time ) but it still came out good
P.S. Had a TP on it, but I canceled it before
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