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  • #118,461
  • Jul 23, 2024 10:04am Jul 23, 2024 10:04am
Quoting gatorinla
{image}
0870/73ish may have some R value. But it may not bounce above 0853
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  • #118,462
  • Jul 23, 2024 11:56am Jul 23, 2024 11:56am
Quoting gatorinla
{quote} 0870/73ish may have some R value. But it may not bounce above 0853 {image}
0872.x ot 0895 look like they may be a possible S if pa can get there. But when pa os above 0853. can can also be a bullish sign. I still hold out for a range. The upper part being last week. The lower part being 06xx.. But 0689 or 94 can support pa. So closer to 06xx may not have much meat left. Next week FOMC and/or NFP may have pa pumping back to 1.09 again.
This week the Fed members cant talk about rates.. It gives pa a chance to slip down to 07 and less..
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  • #118,463
  • Jul 23, 2024 12:03pm Jul 23, 2024 12:03pm
Quoting gatorinla
{quote}0895 held this time. A long red candle close below 0851 may be a breakout drop.I will not be surprised to drop down near 0689/94 sometime before a push up next week FOMC NFP A drop cant happen without getting below all the support 0873/51... ATm a lot of interest at 0888/89. Below it may take 0873 bears need a 4h close below 0873 {image}
The bears did not get a close below 08501. That may be enough crack for bulls to step in. That may help pa make 0872. The day candle could still close below 0851. That's a unknown. Meanwhile I can wait for a sign at 0872 or better.
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  • #118,464
  • Jul 23, 2024 12:33pm Jul 23, 2024 12:33pm
I sold with a tight STP 1.0861
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  • #118,465
  • Edited 3:25pm Jul 23, 2024 3:14pm | Edited 3:25pm
Less than 1h to close out the day. It would still need to clear 0844. Closing below 0851 looks bearish to me. It may not see 0872 if it closes below 0851.
This close today, if under 0851. Would not deter my -0700 outlook. The next support area under 0844 is about 0805 roughly. A -0851 close with adr may be around 1.0800 for Wednesday.
All still inline with a range and 09xx as the high end of the summer range
Closing today under 0851 can make this area a better R than before.
Ok this is all visible in the medium term. The month interest was 0929.. I spoke of it last week.. We have interest at 0835.. Its a wild card.
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  • #118,466
  • Jul 23, 2024 3:34pm Jul 23, 2024 3:34pm
First things first.. 0851.7... 0844.. I think viewing last week's COT the larger players are short. 0835ish is likely where some medium players are at IMHO.. Just below 0851 and 44.
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  • #118,467
  • Jul 23, 2024 3:38pm Jul 23, 2024 3:38pm
Down to the wire.. 0851.7
Oanada spread sucks here.
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  • #118,468
  • Jul 23, 2024 3:51pm Jul 23, 2024 3:51pm
I got a 5 min buy signal at 0853 2 candles back
lets see where it closes..
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  • #118,469
  • Jul 23, 2024 3:58pm Jul 23, 2024 3:58pm
I had to wait for the day to close. It never had a 4h candle below 0851.7.. This 1h candle at that time was above 0861.7 closed. It was also engulfing. ATM it was the low. It may have been correct.
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  • #118,470
  • Jul 23, 2024 4:04pm Jul 23, 2024 4:04pm
Quoting gatorinla
I had to wait for the day to close. It never had a 4h candle below 0851.7.. This 1h candle at that time was above 0861.7 closed. It was also engulfing. ATM it was the low. It may have been correct. {image}
Bears missed the day close 0851. .. Its still bearish to me. But I do think it will run to 0872/70, maybe more like 88/89 or 95 etc.
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  • #118,471
  • Jul 23, 2024 4:21pm Jul 23, 2024 4:21pm
LC at 0844 +28 pips. That normal 28 pips -+LC and 0872 are about inline. It would be perfect to run back to 0844 later. Before LC tomorrow
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  • #118,472
  • Jul 23, 2024 4:27pm Jul 23, 2024 4:27pm
Late Asia early Europe looks to start active.
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  • #118,473
  • Jul 23, 2024 7:39pm Jul 23, 2024 7:39pm
Quoting gatorinla
{quote} Bears missed the day close 0851. .. Its still bearish to me. But I do think it will run to 0872/70, maybe more like 88/89 or 95 etc. {image}
Its back below 0851 now. It may not have a chance for 0872. That last run back above 0851. Before closing lead me to believe it would hit 0872. That may have been wrong.
It never closed a 4h below 0851. It has a chance to do it now, and maybe below 0844.
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  • #118,474
  • Jul 23, 2024 8:03pm Jul 23, 2024 8:03pm
Quoting gatorinla
LC at 0844 +28 pips. That normal 28 pips -+LC and 0872 are about inline. It would be perfect to run back to 0844 later. Before LC tomorrow
It ran back without going to 0872. It has a 4h close below 0851.
It can go either way here. Its bearish, but it may bounce since it has not closed below 0844. I dont know what it will do.
I will try to short a bounce if it went to 0870/72 or better. It could just drop. It has R at 0851/54 68 and those others.
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  • #118,475
  • Jul 23, 2024 8:09pm Jul 23, 2024 8:09pm
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  • #118,476
  • Jul 23, 2024 8:23pm Jul 23, 2024 8:23pm
Quoting gatorinla
{quote}0895 held this time. A long red candle close below 0851 may be a breakout drop.I will not be surprised to drop down near 0689/94 sometime before a push up next week FOMC NFP A drop cant happen without getting below all the support 0873/51... ATm a lot of interest at 0888/89. Below it may take 0873 bears need a 4h close below 0873 {image}
The day later closed above 0851. Earlier the 6h had the long red break out candle close below 0844, and 51
The 6 1 h candles are circled.
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  • #118,477
  • Jul 23, 2024 9:39pm Jul 23, 2024 9:39pm
If yellowstone blows its likely a world economic crises.
https://www.jhnewsandguide.com/the_h...c9bc8cd83.html
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  • #118,478
  • Jul 23, 2024 9:50pm Jul 23, 2024 9:50pm
I have the day aud/cad as bearish. On the month it may be being rejected atm. The week is bullish. The month bearish. Its already below .91172 in what looks like a reject. But the week is bullish. If it breaks below 0.90644. With a week close it looks like it will be in a long term drop trend.
Month chart
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  • #118,479
  • Jul 23, 2024 10:15pm Jul 23, 2024 10:15pm
The eu has another 6h close below 0844.
In candle trading this 6h is a lower 6h close. Most often considered a break out close.
Its Asia.. So make of it what you will. The Asians are the ones who developed candle trading.
The previous low to the left may become R. 0844ish
The next 6h close is a 12h close. If it does drop. It may put my 12h trend into a confirmed bear mode. Its already in bear mode without confirmation. The 8h and lower have already reached that confirmed status. So i dont mind trading Asia
I need pa to get below 0835.. The orders may be stacked there in that area
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  • #118,480
  • Jul 23, 2024 10:35pm Jul 23, 2024 10:35pm
gbp aud.. This looks to be long term bullish.. swap favors gbp. I will be buying retraces.
straight up since july 10
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