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  • #198,021
  • Jun 4, 2024 9:01am Jun 4, 2024 9:01am
So, the bulls couldn't make the most of that break above 1.0900 today, and the bears pounced at 1.0916, pushing EUR/USD down to 1.0859. The Factory Orders and JOLTS news kinda put the brakes on the fall, but the pair didn't really bounce back as expected. Now it's just chilling around the daily pivot. Bulls gotta hold their ground at today's low, or the bears might drag the price even lower. Resistance sits at 1.0916, and a solid break could send EUR/USD targeting 1.0942/60 again. But if they can't pull that off, bulls might find themselves scrambling to defend 1.0828 or worse.

Have a great rest of the trading day, we'll catch up tomorrow. Till then green pips!
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Looking for profitable short term trades ...|
  • #198,022
  • Edited 9:54am Jun 4, 2024 9:17am | Edited 9:54am
According to daily chart, high of April, 2024 was broken in May,2024 which was later proved to be fake out. Again the same high of April,2024 has been broken in June,2024 but until now it’s respecting the break out point which is 1.0860. If daily candle stays above this level, it has higher probability of going to 1.0950 to 1.0980 area. However failure will mean we can either retest previous swing low or even lower than Swing low.
  • #198,023
  • Jun 4, 2024 9:39am Jun 4, 2024 9:39am
Quoting rehmatkhan00
According to daily chart, high of April, 2024 was broken in May,2024 which was later proved to be fake out. Again the same high of April,2024 has been broken in June,2024 but until now it’s respecting the break out point which is 1.0960. If daily candle stays above this level, it has higher probability of going to 1.0950 to 1.0980 area. However failure will mean we can either retest previous swing low or even lower than Swing low.
You mean 1.0860. Correct?
  • #198,024
  • Jun 4, 2024 9:55am Jun 4, 2024 9:55am
Quoting JohnPlayS
{quote} You mean 1.0860. Correct?
Yup and I just corrected it and thanks for pointing out my mistake
  • #198,025
  • Jun 4, 2024 10:23am Jun 4, 2024 10:23am
Anybody want to poke it? Preferably Up... Thanks
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #198,026
  • Edited 11:16am Jun 4, 2024 10:47am | Edited 11:16am
Quoting rehmatkhan00
According to daily chart, high of April, 2024 was broken in May,2024 which was later proved to be fake out. Again the same high of April,2024 has been broken in June,2024 but until now it’s respecting the break out point which is 1.0860. If daily candle stays above this level, it has higher probability of going to 1.0950 to 1.0980 area. However failure will mean we can either retest previous swing low or even lower than Swing low.


Well helllllol dear mates, and again:
Quoting mtako
Happy Taco Tuesday everyone!!! It's finally my day's buying dancing time at last, starting here..
its time for me to buy again, but this round it is in the spirit of previous 6H high attack, 6h composed of a 3H medium bull engulfing medium bear, and now trying to swallow that hair ball

Starting here 0885, but I spare you the many posts that this new buying frenzy comprises of

For those who know me and my Taco ways!:
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #198,027
  • Jun 4, 2024 10:50am Jun 4, 2024 10:50am
Quoting mtako
{quote} Well helllllol dear mates, and again:{quote}its time for me to buy again, but this round it is in the spirit of previous 6H high attack, 6h composed of a 3H medium bull engulfing medium bear, and now trying to swallow that hair ball Starting here 0885, but I spare you the many posts that this new buying frenzy comprises of For those that know me and my Taco ways!:...
welcome back bro
  • #198,028
  • Jun 4, 2024 10:56am Jun 4, 2024 10:56am
Quoting Fxgfitking
Anybody want to poke it? Preferably Up... Thanks {image}
Snail pace

Im at work though, so its fun keeping watch between my duties
  • #198,029
  • Jun 4, 2024 11:15am Jun 4, 2024 11:15am
Quoting rehmatkhan00
{quote} welcome back bro
Thanks mate. Just in case 3H bulls use this 0860s attack as a trampoline to make a new high which, for me, would be necessary to lower probability of even more 08-09 ranging at said scale..

!No <0860 allowed!!, hence the tight stops shares earlier

It's in Ms.Asia's hands again(her red might help attract more bulls for the push, and let's add some more to help here!:) !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #198,030
  • Edited 12:42pm Jun 4, 2024 11:52am | Edited 12:42pm
We're back on the bullish trendline. However blocked by 1.08875 for now.

New York Session seemed like a consolidating session. Guess what's next? Manipulation Then Followed by Distribution. So which way will it go next? I will call them & find out and let you guys know

The battle between Bulls & Bears was intense. Very Very Very Boring Day measuring who is more powerful so moved nothing almost , but bulls had a slight edge.

My guess is that for Tokyo Session, it will go which ever way they want wether it makes sense or not For distribution phase we'll go back to the natural order of the trend.

Just my 2 little cents, you can check my past post for my accuracy

Cheers! I'm out for now to relax & get back in for Asia to study & see what happens. As you can see we are back in the trend & bulls held for now within the trend.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #198,031
  • Jun 4, 2024 1:30pm Jun 4, 2024 1:30pm
Quoting mtako
{quote}Thanks mate. Just in case 3H bulls use this 0860s attack as a trampoline to make a new high which, for me, would be necessary to lower probability of even more 08-09 ranging at said scale.. !No <0860 allowed!!, hence the tight stops shares earlier It's in Ms.Asia's hands again(her red might help attract more bulls for the push, and let's add some more to help here!:)...
You are too funny mate
  • #198,032
  • Jun 4, 2024 1:40pm Jun 4, 2024 1:40pm
Pretty looking hangman candle on the 4hr if it stays there.
  • #198,033
  • Jun 4, 2024 2:07pm Jun 4, 2024 2:07pm
Quoting fxpipper
{quote}Looking at some projections I see 4 standard deviation at 0915. That might be the upside target for this week. Might start cautiously shorting from there. {image}
Projection was right on target...give or take a pip.

Looking for an optimal short entry around 0895 or so. Might trigger during Asia or London. With the anticipated ECB rate cut I can see price dipping into the 0700's.

Quoting andvk74
{quote} {image}
I too am targeting Mr. Wick.
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  • #198,034
  • Jun 4, 2024 2:43pm Jun 4, 2024 2:43pm
Quoting fxpipper
{quote} Projection was right on target...give or take a pip. Looking for an optimal short entry around 0895 or so. Might trigger during Asia or London. With the anticipated ECB rate cut I can see price dipping into the 0700's. {quote} I too am targeting Mr. Wick. {image}
That will create a very nice bearish bat pattern. I like your take.
  • #198,035
  • Jun 4, 2024 5:17pm Jun 4, 2024 5:17pm
A breakout at 08796 is a doom for the bulls.
Good luck
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  • #198,036
  • Jun 4, 2024 5:57pm Jun 4, 2024 5:57pm
After a massive change of trend considering price broke above the trendline from the daily chart, I see EUR/USD reaching 1.09812. The market sentiment on the 4 hourly chart indicates further movement to the upside plus we have a strong support from the daily chart.
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  • #198,037
  • Jun 4, 2024 7:22pm Jun 4, 2024 7:22pm
Quoting ahmerjamil
H1: H&S? Let's see does it works... {image}
H1 Bear flag!
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Stop Procrastinating
  • #198,038
  • Jun 4, 2024 7:32pm Jun 4, 2024 7:32pm
Quoting ahmerjamil
{quote} H1 Bear flag! {image}
And bearish Cup & handle pattern in M15!
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Stop Procrastinating
  • #198,039
  • Jun 4, 2024 7:47pm Jun 4, 2024 7:47pm
Quoting ahmerjamil
{quote} And bearish Cup & handle pattern in M15! {image}
A little scary to sell haha they have done so many short fakeouts today I just been on this slow train ride up, hopefully there are more stops on this ride & this is not the final destination. 1.08790 is extreme support. There is a candle wick war on the support, However also on 1.08850
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #198,040
  • Jun 4, 2024 7:54pm Jun 4, 2024 7:54pm
Quoting Fxgfitking
{quote} A little scary to sell haha they have done so many short fakeouts today I just been on this slow train ride up, hopefully there are more stops on this ride & this is not the final destination. 1.08790 is extreme support. There is a candle wick war on the support, However also on 1.08850
Let’s see dude!
Stop Procrastinating
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