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Attachments: EURUSD only
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EURUSD only

I think today is going to be a no-event day.

Big picture looks like we are gonna drop to 1.0525-35. I do not want to lose money in a stupid way - I maintain my huge stop at 1.0855.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-06-25_11-08-20_87d95.png Size: 48 KB
Quoting Matts Micro
{quote} SL -4 pips Got knocked out of this trade and flipped it. Feel late to long it but will cover it fast.
Well we are lacking bullish momentum buddy
And if you measure the range of that range and then measure this distance from the bottom of the range down, it falls around 1.0610. The lowest daily SETTLEMENT of the QUARTER was 1.0619. What about if we close below that one day this week?

I noticed that many a times when the day settles (closes) only slightly below this key lowest/highest daily closing price, then the next day is going the other way IN TERMS OF CLOSING PRICE.

For instance, we close at 1.0615, next day we close up at, say, 1.0630. Just a little fun fact.
Quoting HiKe945ReDX
{quote} Well we are lacking bullish momentum buddy
Damit did it again.

Long.

I am a swing trader, by the time you see the momentum I am half way through the trade with many pips already under the belt

Tight stop. I'm not biased, just looking at a level until it's dead. The short has yet to be confirmed and the latest drop down was a reactional hit from the 1.074 level, I'm not sure the bulls are done yet.

Though the chart maybe confirming as I am typing. Like I said I'm not biased to make myself right, I just read the chart. Tight stops until I find the right move.

Green pips


Edit: Out -3 pips, flipped trade as Short is now confirming. SL 5 pips.
As the lights go by so too do the shadows move
Quoting AndyN
{quote} It is typical of a triangle. Now it is faking the breach of a downtrend line. It is a trap.
Well, it might be just confirming the above statement as seen in picture attached. Probably we will touch this line from the upside.

However, it is damn fu**ing horrible context to be leaning on this 1.0761 as the stop point. My imagination is telling me they might trade a little above it with some kind of a news spike, and then resume trading in the range to the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH6.png Size: 13 KB
Since markets are bidirectional: My AB=CD idea can happen both ways, which I showed on the chart below.

It is easy to see that bulls are currently facing resistance from 1.0743 area... Candles still being inside the circle keeps the overall range limited!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.png Size: 25 KB
Be a seer, not a looker!
CHoCH confirmed, we remain down so far.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-06-25_08-21-32.png Size: 62 KB
EU 1.071x may be around the floor of EU this month.
Key drivers : French election 30 June and 4 July 2024
H1 candle close coming in a few minutes...

If the next 4 to 5 candles can't stay above 1.0710, I switch back to bearish. Otherwise I stay bullish.
Be a seer, not a looker!
Can you feel the invisible hand that pulls price near to 1.0710? Feel it
Be a seer, not a looker!
Quoting Ata-Turkoglu
Can you feel the invisible hand that pulls price near to 1.0710? Feel it
yeahhh they couldn't break below 1.07050 with an impact candle
Quoting Ata-Turkoglu
H1 candle close coming in a few minutes... If the next 4 to 5 candles can't stay above 1.0710, I switch back to bearish. Otherwise I stay bullish.
Bulls are very close to lose very important support level which is at around 1.0700.
Quoting HiKe945ReDX
{quote} yeahhh they couldn't break below 1.07050 with an impact candle
The fight is still on and we don’t know who is going to win
Quoting rehmatkhan00
{quote} The fight is still on and we don’t know who is going to win
Price should head down firmly tomorrow, hopefully. Lol
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting rehmatkhan00
{quote} Bulls are very close to lose very important support level which is at around 1.0700.
3 to 4 more hours until we can be really sure that bears have control.. these are still just fists swinging in the air...
Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} 3 to 4 more hours until we can be really sure that bears have control.. these are still just fists swinging in the air...
well, you are right.... eur usd is struggling to break below 1.07000 since, we have been travelling down for long without a proper retracement although we are down below 1.07000 by now, I expect a strong pullback and a hellish fall on tomorrow
Quoting Ata-Turkoglu
{quote} 3 to 4 more hours until we can be really sure that bears have control.. these are still just fists swinging in the air...
yup and the bulls last defense line 1.0770-80 is once again at risk and they need to activate again to protect it and they have Protected it successfully many many times until now.
Quoting Mitiblotch
{quote} Price should head down firmly tomorrow, hopefully. Lol
if it continues with this momentum I think it should happen today
I would wait for next 4 h before considering any further sells from these levels
Taking tp or buying at London close seems probable
Quoting Endoephemera
{quote} Unfinished biz topside.
More like downside. Price will hit 0600. It's destined there. At least 0625.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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