EURUSD only

Hi I'm new, short 1.1403.

Maybe if you had had the balls to go long earlier instead of waiting for the perfect confirmation you would have been the butterfly to push it higher. Just kidding.

Quick D1 Recap

Today, 1.1421 area got retested... The test is still unfolding.. therefore: no rush...

And those who risk buying, just know that up until 1.1463 area we are still in bear territory.
Always double check and buy as deep as you can! I personally prefer to sell spikes though..

Cheers

Still Long to 1.1475 - 1.15 Range to close out the month and then short to retest bottom on wave going into July.

Well, one thing has become increasingly clear: the Iran conflict is unlikely to end unless a genuine solution is found and lasting peace is restored. As long as that uncertainty remains, it will continue to weigh on the euro.

Just as a simple comparison: crude oil is trading almost back at the levels seen before the conflict began, yet EURUSD is only around 1.14. Before the conflict, it was trading above to 1.18! That, in my view, says a lot. Because of this, I now believe we are likely to see fresh lows for the year, even though I wrote that 1.1324 might have marked the year's bottom. My view has changed, and I now think the pair is likely to move even lower.

For now, I intend to use every rise as an opportunity to sell. Good luck and happy weekend to you all.

I entered a short position at Pivot R1 on May 8th at a price of 1.17690.
I exited the short trade and flipped my position; I am currently on the bullish side. Pivot S3 price is 1.13260.

I haven't set a Take Profit (TP) yet.

Wishing everyone a wonderful and blessed weekend.


...

i am locking for

Last words before weekend. Since Wednesday afternoon (CET), the bulls managed to rally EURUSD from year's low at 1.1324 to today's high at 1.1434 — a move of 110 pips that took almost exactly two days. However, they've already given back half of those gains in just a few hours. To me, that says the bulls remain extremely weak, while the bears are clearly still in control.

In my view, the bulls have one last chance: they need to secure a weekly close above 1.1407. If they fail to do so, I expect fresh lows for the year to be made next week. But unless the bulls can regain momentum quickly, a weekly close above 1.1407 looks unlikely to me.

don't

The orange clown is live.