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New Cable Thread & Other Pairs

  • #5,621
  • Jun 6, 2024 1:32am Jun 6, 2024 1:32am
Good morning all,

Looks like it will be an interesting day. Finally Gold reached Pedro's target.
Fundamentally the reasons could be the growing tension in mid East and the potential liquidity by EU rate cut.

I put a short on gold and I will add. There are chances to go to 2400 but very short term I see at least a little down arround 10 pips.
  • #5,622
  • Jun 6, 2024 2:05am Jun 6, 2024 2:05am
GM,
Some thoughts on GU,
Weekly - I see that it created a possible new LL, price is within weekly resistance, cleared the previous week's high,
Daily - came to the OB, cleaned the high of Monday,
15M- Asia entered 15M OB, second time this week for daily H?,
I'm looking for opportunities to sell, and maybe a buy scalp if I see that the highs can be tested,
Note to self, after talking to Mr. P, to put in a pending order if I'm worried Asia will take the level,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6.6 GU W.png Size: 8 KB
Click to Enlarge Name: 6.6 GU D.png Size: 10 KB
Click to Enlarge Name: 6.6 GU 15.png Size: 6 KB
'In the clearing stands a boxer And a fighter by his trade..'
  • #5,623
  • Jun 6, 2024 2:18am Jun 6, 2024 2:18am
My plan today:
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled3_20240606080558.png Size: 221 KB
  • #5,624
  • Jun 6, 2024 3:06am Jun 6, 2024 3:06am
EU
Same, market is still keeping door open for 1.0950.

GU
Same

Gold
Retracement is done, now market should start dropping.

If there is another pair you would like me to have a look at, post it here. Like Mihisti did with EURCHF.

Cheers
We watch the charts from every angle so you don't have to!!
  • #5,625
  • Jun 6, 2024 3:13am Jun 6, 2024 3:13am
My reason for believing for a good spike is that rates might indeed be cut today just like Canada did yesterday. That should give us a minis fall, then Lagarde comes up to say it's a one-off cut. That should then take price up to 0920-60 area. Let's see if the plan comes together.
  • #5,626
  • Jun 6, 2024 3:15am Jun 6, 2024 3:15am
Quoting Mitiblotch
My reason for believing for a good spike is that rates might indeed be cut today just like Canada did yesterday. That should give us a minis fall, then Lagarde comes up to say it's a one-off cut. That should then take price up to 0920-60 area. Let's see if the plan comes together.
Sounds like a good plan and includes rhetorical remarks as well!!
We watch the charts from every angle so you don't have to!!
  • #5,627
  • Jun 6, 2024 3:16am Jun 6, 2024 3:16am
Quoting pedro319
EU Same, market is still keeping door open for 1.0950. GU Same Gold Retracement is done, now market should start dropping. If there is another pair you would like me to have a look at, post it here. Like Mihisti did with EURCHF. Cheers
Hi Pedro,

After a few days I have a little time to be more present in the forum and also on FX. On the weekend sure I will have more time to analyze and maybe to go to FX church.

What is your target for Gold, 2250?
And what about EURCHF? It is a big day also for this pair. I get half of the drop which is ok.
So now I am in indecision. Or will drop 280 more pips or this was the end of the correction of the previous swing at 38,2 Fibo.
  • #5,628
  • Jun 6, 2024 3:41am Jun 6, 2024 3:41am
Just a quite question: there are chances that EKB will not cut the interest rate today?
  • #5,629
  • Jun 6, 2024 3:42am Jun 6, 2024 3:42am
Daily DX:
local double bottom around 104 area where lies lvl .382 of Fib projection. 0.618 time zone started yesterday. more likely bulls will regain 105 where the real fight is waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 101 KB
chaos is just unknown order
  • #5,630
  • Jun 6, 2024 3:46am Jun 6, 2024 3:46am
Quoting Mihisti
Just a quite question: there are chances that EKB will not cut the interest rate today?
yes, everything is a comedy so don't be surprised
...I Bet You Ain't Never Seen A Donkey Fly!
  • #5,631
  • Jun 6, 2024 3:46am Jun 6, 2024 3:46am
for GU today i am watching this level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
trading is like dancing, don't think and just listen to the music!
  • #5,632
  • Jun 6, 2024 3:57am Jun 6, 2024 3:57am
Fiber/Swissie Daily correlation + RSI div suggest a new weekly low @1.0822
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 62 KB
chaos is just unknown order
  • #5,633
  • Jun 6, 2024 4:14am Jun 6, 2024 4:14am
Still the same for me sell 1,088 as been respected the Chanel still working
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0893.jpeg Size: 1.3 MB
Scalping
  • #5,634
  • Jun 6, 2024 4:15am Jun 6, 2024 4:15am
Quoting Mihisti
Just a quite question: there are chances that EKB will not cut the interest rate today?
news do not change direction, in uptrend, bad news is a pullback, good news is a push for higher high. vice versa for downtrend.
ECB cutting(or not) iRate is irrelevant.

Attached Image (click to enlarge)
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"the public is not yet ready for it" W.D. GANN
  • #5,635
  • Jun 6, 2024 4:29am Jun 6, 2024 4:29am
Quoting birdland
for GU today i am watching this level {image}
Yes, right now it's the 27755 PB, as suspected,
'In the clearing stands a boxer And a fighter by his trade..'
  • #5,636
  • Jun 6, 2024 4:39am Jun 6, 2024 4:39am
Quoting Mihisti
{quote} Hi Pedro, After a few days I have a little time to be more present in the forum and also on FX. On the weekend sure I will have more time to analyze and maybe to go to FX church. What is your target for Gold, 2250? And what about EURCHF? It is a big day also for this pair. I get half of the drop which is ok. So now I am in indecision. Or will drop 280 more pips or this was the end of the correction of the previous swing at 38,2 Fibo.
Yes, looking at 2250 for Gold.
ECHF is now oversold D1, best is to wait for pullback before shorting again, I will keep an eye on it and will post here a trading plan for this pair.
Thank you.
We watch the charts from every angle so you don't have to!!
  • #5,637
  • Jun 6, 2024 5:13am Jun 6, 2024 5:13am
Quoting pedro319
{quote} Yes, looking at 2250 for Gold. ECHF is now oversold D1, best is to wait for pullback before shorting again, I will keep an eye on it and will post here a trading plan for this pair. Thank you.
Thank you very much Pedro .
  • #5,638
  • Jun 6, 2024 6:29am Jun 6, 2024 6:29am
Quoting Mitiblotch
My plan today: {image}
For this trade, allow price dip/slip to 0820-30 area, not that I think it will happen.
  • #5,639
  • Jun 6, 2024 6:37am Jun 6, 2024 6:37am
Quoting Kwt4x
{quote} news do not change direction, in uptrend, bad news is a pullback, good news is a push for higher high. vice versa for downtrend. ECB cutting(or not) iRate is irrelevant. {image}
interessante comment
Scalping
  • #5,640
  • Jun 6, 2024 7:21am Jun 6, 2024 7:21am
1.0861
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 222 KB
We watch the charts from every angle so you don't have to!!
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