A retracement from peak set up today 1.10125
Uptrend till intact for better Long position between 1.0950 - 1.0965
Uptrend till intact for better Long position between 1.0950 - 1.0965
1
- #174,722
- Jun 22, 2023 10:03am Jun 22, 2023 10:03am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #174,725
- Jun 22, 2023 10:21am Jun 22, 2023 10:21am
Meanwhile, on H4... We are still inside the bullish channel, but we can see MACD divergence now right after the last higher high. Here again: Can previous resistance (red zone) can now turn into support? Divergence could help bears to avoid that. Let's see what happens around red zone: anticipated collision point sits around 1.0930/50 area... {image}
Keep the faith and keep going
Hi, in general, the north is not over yet, and for now, for now, the rollback on H4 is considering finishing off the level of 1.0930 in Asia, approximately, Click on the image to enlarge.
As a potential support level, then a rebound and already a test of the level of 1.0980 will approximately become interesting, but for now, sales continue at 1.0965, approximately, it may be a stop and then go south! But there are first hints of weakness, I expect a retest of the 10th figure, and if unsuccessful, then good resistance will form for sales! In the meantime, I continue to observe for a more reliable model!
As a potential support level, then a rebound and already a test of the level of 1.0980 will approximately become interesting, but for now, sales continue at 1.0965, approximately, it may be a stop and then go south! But there are first hints of weakness, I expect a retest of the 10th figure, and if unsuccessful, then good resistance will form for sales! In the meantime, I continue to observe for a more reliable model!
- #174,728
- Jun 22, 2023 10:40am Jun 22, 2023 10:40am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} Let it go Ata
But for now I am telling what I see: Previous resistance zone 1.0930/50 has to be retested!
Best wishes
Focus only on what truly matters!
- #174,730
- Jun 22, 2023 11:04am Jun 22, 2023 11:04am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #174,731
- Jun 22, 2023 11:17am Jun 22, 2023 11:17am
So far, the target of 1.0950 has been completed. Now the main issue is to determine the continuation of the path
Two different possibilities, one climbing above 1.1000 and two falling towards 1.0800, currently have equal chances for me.
Which path do you think is more likely
Half of the time, the market is building resistance and support levels, and
- #174,734
- Jun 22, 2023 11:56am Jun 22, 2023 11:56am
{image} So far, the target of 1.0950 has been completed. Now the main issue is to determine the continuation of the path
MY GUESS?
EU numbers come in weaker than expected - doesn't matter.
US numbers - if they come in higher than expected EU drops to 1.08. If the USA #'s are as expected probably rise to 1.10
