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  • #193,981
  • Apr 5, 2024 8:38am Apr 5, 2024 8:38am
Quoting Alorente
{quote} It is clean and simple price action in my view: The Green line goes back to August 2022 and it is clearly the line in the sand. It was broken at point 1. Tested from below at point 2 Retested again yesterday at point 3. Heading today for the lowly levels of Hell. Fundamentally, The US Labor market is hot. The US Housing market is very hot. The European labor market is stagnant and there is a war going on with no end in sight. The ECB has practically promised a cut in June. The Fed governors are beginning to backtrack on their programmed...
You are right... To me it is just a little premature that's all. In the end that's what news and red data do don't they? Speeding up the flow. So be it...

Best wishes
Focus only on what truly matters!
  • #193,982
  • Apr 5, 2024 8:44am Apr 5, 2024 8:44am
Quoting andvk74
{image}
Next step is going to be after DXY takes out the level and EUR will NOT.
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  • #193,983
  • Apr 5, 2024 8:44am Apr 5, 2024 8:44am
I really need this 1h candle to close below 1.08 for me to have hope on EMA
  • #193,984
  • Apr 5, 2024 8:46am Apr 5, 2024 8:46am
By the way... based on D1, ~1.0792 area could be end of wave B (or 2) and potential buying spot... wink wink
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #193,985
  • Apr 5, 2024 8:46am Apr 5, 2024 8:46am
Quoting Erkat
{quote} NO Today can be a completely one-sided day
We will keep going down but it will be slow.
Reason: Oversold H4
Expected behaviour: Grinding slow choppy descent.
Cash cow could be helpful in searching to add shorts.
Confluence resistance 1.0808-12, broken both ways could potentially hold bulls.
We watch the charts from every angle so you don't have to!!
  • #193,986
  • Apr 5, 2024 8:48am Apr 5, 2024 8:48am
Would be perfect if we got down to 1.0775 then got a crisp retest of 1.08
  • #193,987
  • Apr 5, 2024 8:50am Apr 5, 2024 8:50am
Quoting Kodzhamanov
1.08 is down, it is time for a retest. If the bears resist, the party continue {image}
I agree - take that 1.08 bulls
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  • #193,988
  • Apr 5, 2024 8:51am Apr 5, 2024 8:51am
Quoting Ata-Turkoglu
{quote} You are right... To me it is just a little premature that's all. In the end that's what news and red data do don't they? Speeding up the flow. So be it... Best wishes
And as you always say... The robber barons will do whatever they need to do to make money. Short term they manipulate the market for their gain. Like Soros did with the pound many years ago... Longer term. that´s another matter. Anyway, I´m rambling, I don´t want to stray from EURUSD...
Observation is the path to discovery.
  • #193,989
  • Apr 5, 2024 8:57am Apr 5, 2024 8:57am
Time to long scalp. this is a good day.
  • #193,990
  • Apr 5, 2024 9:02am Apr 5, 2024 9:02am
Quoting Megashrek
I really need this 1h candle to close below 1.08 for me to have hope on EMA
ended not the best bust also not the worst. Waiting on the 4h to log off
  • #193,991
  • Apr 5, 2024 9:03am Apr 5, 2024 9:03am
Starting Short from 0800
Holy Betting Grail strategy
  • #193,992
  • Apr 5, 2024 9:06am Apr 5, 2024 9:06am
Quoting LoneTrader1
1.08 is calling.....{image}
Unless the big buy candle at 1.0777 is taken out it could still go all the way up.
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  • #193,993
  • Apr 5, 2024 9:08am Apr 5, 2024 9:08am
Quoting pedro319
{quote} We will keep going down but it will be slow. Reason: Oversold H4 Expected behaviour: Grinding slow choppy descent. Cash cow could be helpful in searching to add shorts. Confluence resistance 1.0808-12, broken both ways could potentially hold bulls.
I´m OK with a slow, choppy descent. Especially with positive swap over the weekend.
Observation is the path to discovery.
  • #193,994
  • Apr 5, 2024 9:11am Apr 5, 2024 9:11am
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_20240405_10.07.png Size: 33 KB

Where to?

Based on fib I believe we retest last Wednesdays low. Consolidation until Wednesday CPI THEN FED Minutes.

If the CPI comes out strong (think 0.4% and up) 1.07

But I'm just clowning around so
  • #193,995
  • Apr 5, 2024 9:12am Apr 5, 2024 9:12am
For now eu found support at the thick trendline but a break below will take us a ride to 1.0765 again, for mow a return up again is on the cards first. Go bulls!

1 hour
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  • #193,996
  • Apr 5, 2024 9:14am Apr 5, 2024 9:14am
Quoting vinesh1
Potential rejection candle on one hr. Need to close near or higher then 1.08057 or higher would be better to confirm. fingers crossed. As expected labor force was higher because of new low paying jobs (given to migrants) should not deter the fed
Bought on rejection candle based on 1hr. at Wasn't a clean one but lets see. possible target 1.092
  • #193,997
  • Apr 5, 2024 9:19am Apr 5, 2024 9:19am
Quoting pedro319
{quote} We will keep going down but it will be slow. Reason: Oversold H4 Expected behaviour: Grinding slow choppy descent. Cash cow could be helpful in searching to add shorts. Confluence resistance 1.0808-12, broken both ways could potentially hold bulls.
Testing mentioned area, literally, above bullish below bearish.
We watch the charts from every angle so you don't have to!!
  • #193,998
  • Apr 5, 2024 9:20am Apr 5, 2024 9:20am
Quoting Js3mwtRc
For now eu found support at the thick trendline but a break below will take us a ride to 1.0765 again, for mow a return up again is on the cards first. Go bulls! 1 hour {image}
Attached Image (click to enlarge)
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Oh no 1.08 is fighting back!
  • #193,999
  • Apr 5, 2024 9:21am Apr 5, 2024 9:21am
Quoting fx6996
{image} Where to? Based on fib I believe we retest last Wednesdays low. Consolidation until Wednesday CPI THEN FED Minutes. If the CPI comes out strong (think 0.4% and up) 1.07 But I'm just clowning around so
YES
  • #194,000
  • Apr 5, 2024 9:35am Apr 5, 2024 9:35am
Adding short 1.0823
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