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  • #198,041
  • Jun 4, 2024 10:33pm Jun 4, 2024 10:33pm
EUR/USD is trading almost unchanged after it failed to take the advantage of bad US news yesterday, 1.0859 is still supporting a drop to 1.0841 weekly pivot and maybe and 1.0828 if the pivot fails to hold. 1.0895 and 1.0916 are protecting the bears from an advance higher but if the bulls are stronger then they might make it in the end and EU could rise to test 1.0942 first.

Daily volatility (range) 61 pips

Option expiries for Wednesday: 1.0920 (EU1.37b), 1.0855 (EU1.32b), 1.0900 (EU890.4m) source: financialjuice.com

Significant news - US ADP & US ISM Services PMI

1 hour
Attached Image (click to enlarge)
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Green pips!
Looking for profitable short term trades ...|
  • #198,042
  • Jun 5, 2024 12:07am Jun 5, 2024 12:07am
Bears are begging for you to jump in. Don't hesitate! Accept his request. We will be back to bulls later
  • #198,043
  • Jun 5, 2024 1:05am Jun 5, 2024 1:05am
Good day to all. A look back to both Manufacturing PMI and JOLTS both show a slowing down, which often translate to good news for others like EUR. But keep asking myself why bulls power are no where to be found. A bounce up as we can see but not yet enough to recover from last big red day. IMO, we are entering risk off mode and the bears easily gain upper hands.
I have a small buy limit order sit at 1.0864 with tight stop to test the commitment of bulls. Still waiting ECB.
  • #198,044
  • Jun 5, 2024 1:41am Jun 5, 2024 1:41am
Quoting PushnPull
Good day to all. A look back to both Manufacturing PMI and JOLTS both show a slowing down, which often translate to good news for others like EUR. But keep asking myself why bulls power are no where to be found. A bounce up as we can see but not yet enough to recover from last big red day. IMO, we are entering risk off mode and the bears easily gain upper hands. I have a small buy limit order sit at 1.0864 with tight stop to test the commitment of bulls. Still waiting ECB.
Maybe because a risk on market was thinking if bad news are good news after all!
Looking for profitable short term trades ...|
  • #198,045
  • Edited 2:10am Jun 5, 2024 1:57am | Edited 2:10am
For me this drop was a clear manipluation, showed a lot of respect for the 1h fvg and inverted fvg.
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I'm looking for buys. Maybe around this breaker:
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Not yet, need more confirmation.
  • #198,046
  • Jun 5, 2024 2:14am Jun 5, 2024 2:14am
Quoting ahmerjamil
H4 MACD: Look, Turning point! {image}
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Stop Procrastinating
  • #198,047
  • Jun 5, 2024 2:19am Jun 5, 2024 2:19am
Quoting ahmerjamil
{quote} {image}
If it was that easy!!!
  • #198,048
  • Jun 5, 2024 2:24am Jun 5, 2024 2:24am
Not much action so far... See you around NY opening...
Focus only on what truly matters!
  • #198,049
  • Edited 3:04am Jun 5, 2024 2:45am | Edited 3:04am
Eurozone may give us some action especially France services pmi
Nope. Dead action for now
  • #198,050
  • Jun 5, 2024 3:53am Jun 5, 2024 3:53am
Quoting Js3mwtRc
{quote} Maybe because a risk on market was thinking if bad news are good news after all!
Yes it is. Perhaps I will go to stocks market to confirm whether market is on risk off situation or not.
  • #198,051
  • Jun 5, 2024 3:57am Jun 5, 2024 3:57am
Oh by the way... today, once US red data comes out, all I care is: Will 1.0888/92 area resist or not!

The spot is likely to resist. Meaning: it could provide a good entry point for shorting. Time will tell...
Focus only on what truly matters!
  • #198,052
  • Jun 5, 2024 4:02am Jun 5, 2024 4:02am
Quoting PushnPull
{quote} Yes it is. Perhaps I will go to stocks market to confirm whether market is on risk off situation or not.
Maybe look at tne US Dollar too!
Looking for profitable short term trades ...|
  • #198,053
  • Jun 5, 2024 4:20am Jun 5, 2024 4:20am
Today's Possibilities

1.085xx GAP And The 50% Retracement Level
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My Charts / Ideas Do Not Constitute Any Advice. Always Do Your Own Research
  • #198,054
  • Jun 5, 2024 4:41am Jun 5, 2024 4:41am
The trend is going north, a very sharp north. I placed a BUY till 1.09318.
There's a trend line from yesterday, a straight forward silver line. There's a strong possibility of uptrend, and from yesterday the movement was too slow, too coward. I did my whole analysis, let's see if this brings me profit today.

Disclaimer : Not at all times, my analysis is accurate, its a 50% /50%, most months I made my dollar & cents.
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  • #198,055
  • Jun 5, 2024 5:10am Jun 5, 2024 5:10am
Quoting Js3mwtRc
{quote} Maybe look at tne US Dollar too!
I won't specifically talk about stocks since it out of the topic, but long story short, no trend.
For DXY, it's in a narrow range and on the rise after reach last low at 104. Maybe today's ISM services can provide short-term volatility. And to remind, tomorrow is ECB theater.
  • #198,056
  • Jun 5, 2024 5:16am Jun 5, 2024 5:16am
Quoting Niffler2024
Today's Possibilities 1.085xx GAP And The 50% Retracement Level {image}
Yup if the bulls were again to break the resistance then I am expecting a huge pullback and the same is true for bears.
  • #198,057
  • Jun 5, 2024 5:39am Jun 5, 2024 5:39am
Back in the box. Failed break out?
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  • #198,058
  • Jun 5, 2024 5:43am Jun 5, 2024 5:43am
Nice early scalp for the day, looks like the EU may be committing now to the bearish run. H4 imbalance almost closed could free the way, thinking NFP may support the run with some positivity for the dollar.
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Don't you know that I'm loco ...
  • #198,059
  • Jun 5, 2024 6:22am Jun 5, 2024 6:22am
Quoting PushnPull
Good day to all. A look back to both Manufacturing PMI and JOLTS both show a slowing down, which often translate to good news for others like EUR. But keep asking myself why bulls power are no where to be found. A bounce up as we can see but not yet enough to recover from last big red day. IMO, we are entering risk off mode and the bears easily gain upper hands. I have a small buy limit order sit at 1.0864 with tight stop to test the commitment of bulls. Still waiting ECB.
[Updated] My super small buy limit at 1.0864 had triggerd and been stopped out too. Show me the drama Americans.
  • #198,060
  • Jun 5, 2024 6:24am Jun 5, 2024 6:24am
Quoting Js3mwtRc
EUR/USD is trading almost unchanged after it failed to take the advantage of bad US news yesterday, 1.0859 is still supporting a drop to 1.0841 weekly pivot and maybe and 1.0828 if the pivot fails to hold. 1.0895 and 1.0916 are protecting the bears from an advance higher but if the bulls are stronger then they might make it in the end and EU could rise to test 1.0942 first. Daily volatility (range) 61 pips Option expiries for Wednesday: 1.0920 (EU1.37b), 1.0855 (EU1.32b), 1.0900 (EU890.4m) source: financialjuice.com Significant news - US ADP & US...
1.0859 bounce to 1.0895 or a close below for 1.0841.
Looking for profitable short term trades ...|
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