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Coreg's EW+HP+D/W Range

  • #1,641
  • Jul 18, 2025 2:28pm Jul 18, 2025 2:28pm
Quoting Coreg2004
{quote} 5M the trigger chart. The market cooperated nicely with my #1 pattern to trade after the NY Open. The first target at 1.3432 was hit relatively easily. Is the drop the first leg A in the zig-zag pattern? {image} {image}
The extended zone for the end of a potential wave A has been reached.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.18 30Mb.png Size: 48 KB
Always trade your own plan...I don't provide trading signals.
  • #1,642
  • Edited 11:36am Jul 23, 2025 11:05am | Edited 11:36am
Quoting Coreg2004
There is a chance that GU will still go down. A close above 1.3562 invalidates the current downside pattern. Wave 4 usually has a complex correction. {image} {image}
1-5 pattern was invalidated. The GU got above 1.3562
Attached Image (click to enlarge)
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and 30M TF for day traders
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.23 30M.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #1,643
  • Jul 24, 2025 11:08am Jul 24, 2025 11:08am
Quoting Coreg2004
{quote} 1-5 pattern was invalidated. The GU got above 1.3562 {image} and 30M TF for day traders{image}
Only the market can tell you if you are right or wrong. Follow the market structure.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #1,644
  • Edited 11:44am Jul 24, 2025 11:30am | Edited 11:44am
and intra-day 30M chart for today only.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #1,645
  • Jul 25, 2025 6:54am Jul 25, 2025 6:54am
Quoting Coreg2004
and intra-day 30M chart for today only. {image} {image} {image}
The market gave us more than we bargained for. I will update the chart after the NY Open.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.25 30M.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #1,646
  • Jul 25, 2025 7:03am Jul 25, 2025 7:03am
Quoting Coreg2004
{quote} The dollar index opened on Sunday above TL and easily cleared the first resistance zone. .{image}
Is the Dollar Index in the process of making a second correction leg?
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 07.25 daily.png Size: 52 KB
Always trade your own plan...I don't provide trading signals.
  • #1,647
  • Jul 25, 2025 9:02am Jul 25, 2025 9:02am
Quoting Coreg2004
{quote} The market gave us more than we bargained for. I will update the chart after the NY Open. {image}
The first tough resistance zone @1.3447-1.3454
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.25 30Mb.png Size: 36 KB
Always trade your own plan...I don't provide trading signals.
  • #1,648
  • Jul 28, 2025 11:49am Jul 28, 2025 11:49am
Quoting Coreg2004
{quote} Only the market can tell you if you are right or wrong. Follow the market structure.{image}{image} {image}
So far, the market is cooperating with a potential reversal from high. 1.3454 was too strong to overcome, and GU resumed moving to the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.28 daily.png Size: 37 KB
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Always trade your own plan...I don't provide trading signals.
  • #1,649
  • Jul 28, 2025 11:57am Jul 28, 2025 11:57am
Quoting Coreg2004
{quote} So far, the market is cooperating with a potential reversal from high. 1.3454 was too strong to overcome, and GU resumed moving to the downside. {image}{image}
Hi Coreg2004,
where do you think the next consolidation of GBP will take place according to the market structure?
Think slowly, decide quickly
  • #1,650
  • Jul 28, 2025 12:15pm Jul 28, 2025 12:15pm
Quoting Angoeswild
{quote} Hi Coreg2004, where do you think the next consolidation of GBP will take place according to the market structure?
On the daily TF, if the market closes below the swing (iv) @1.3369, we should keep an eye on the 1.3300 level. Look to the left, there is an untested demand zone.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #1,651
  • Jul 28, 2025 12:19pm Jul 28, 2025 12:19pm
Quoting Coreg2004
{quote} On the daily TF, if the market closes below the swing (iv) @1.3369, we should keep an eye on the 1.3300 level. Look to the left, there is an untested demand zone. {image}

Yes, pretty strong level, but it seems that there are lot of chances it will be broken through, and a long consolidation will occur only at the 1.3100.
Think slowly, decide quickly
  • #1,652
  • Edited 1:16pm Jul 28, 2025 12:55pm | Edited 1:16pm
Quoting Angoeswild
{quote} Yes, pretty strong level, but it seems that there are lot of chances it will be broken through, and a long consolidation will occur only at the 1.3100.
Check my post from July 15th. The market's PA didn't change my view ...https://www.forexfactory.com/thread/...0#post15311610
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Always trade your own plan...I don't provide trading signals.
  • #1,653
  • Jul 28, 2025 2:03pm Jul 28, 2025 2:03pm
Quoting Coreg2004
{quote} Is the Dollar Index in the process of making a second correction leg? {image}
It took the dollar index 12 trading days to form A leg; the C leg should be similar in time.
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Always trade your own plan...I don't provide trading signals.
  • #1,654
  • Jul 30, 2025 8:39am Jul 30, 2025 8:39am
Quoting Coreg2004
{quote} On the daily TF, if the market closes below the swing (iv) @1.3369, we should keep an eye on the 1.3300 level. Look to the left, there is an untested demand zone. {image}
Target #1 @1.3327 hit, GU found temporary support at the demand zone around 1.3300 and now trying for target #2 @1.3165
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.30 30M.png Size: 40 KB

GU had a mediocre bounce, only to regain 23.6% (1.3373) of the entire move down.
Always trade your own plan...I don't provide trading signals.
  • #1,655
  • Jul 30, 2025 12:05pm Jul 30, 2025 12:05pm
EU daily chart, with only 4-5 swing retracement.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #1,656
  • Jul 30, 2025 2:06pm Jul 30, 2025 2:06pm
Quoting Coreg2004
EU daily chart, with only 4-5 swing retracement. {image}
The euro is very weak. The avg. weekly range greatly exceeded.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #1,657
  • Jul 30, 2025 2:27pm Jul 30, 2025 2:27pm
Quoting Coreg2004
{quote} The euro is very weak. The avg. weekly range greatly exceeded. {image}

EURJPY has also been in freefall. Do you think given that the euro is undervalued at the moment, it could be profitable to pick up some cheap EURJPY?

Thanks.
  • #1,658
  • Jul 30, 2025 2:27pm Jul 30, 2025 2:27pm
Quoting Coreg2004
{quote} Target #1 @1.3327 hit, GU found temporary support at the demand zone around 1.3300 and now trying for target #2 @1.3165 {image} GU had a mediocre bounce, only to regain 23.6% (1.3373) of the entire move down.
GU update after FOMC, valid only for today.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.30 30Mb.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #1,659
  • Jul 30, 2025 3:02pm Jul 30, 2025 3:02pm
Quoting FBarthez16
{quote} EURJPY has also been in freefall. Do you think given that the euro is undervalued at the moment, it could be profitable to pick up some cheap EURJPY? Thanks.
FBarthez, I haven't traded EJ for a very long time. I was fed up with PA in April, and the pair doesn't move too much during my trading hours (the NY session). Check the weekly chart. This week, EJ makes an ugly weekly bar.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 07.30 daily.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #1,660
  • Jul 30, 2025 3:58pm Jul 30, 2025 3:58pm
Quoting Coreg2004
{quote} FBarthez, I haven't traded EJ for a very long time. I was fed up with PA in April, and the pair doesn't move too much during my trading hours (the NY session). Check the weekly chart. This week, EJ makes an ugly weekly bar. {image}

Yes, charts-wise EJ looks horrible. Right now, NY about to close and what we see is EJ sitting at literally the low of the day.
Thinking of fundamentals. The euro isn't that...not valuable.
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