Where are we?
ST: Looking at sisse's short term chart above, it comes clear we are extending the top of the range in outlook BUY. How's that for untradeable?
MT: above the flip (or at the flip if you've seen fit to move it up since sell got softer) in Soft Sell making tickets fit for Chester's "Mediocre" zone I imagine.
LT: at the flip in Soft Sell so similar position to MT.
I'm sure my levels don't match exact with everybody here (part of why I like this place) so it may be a totally different read than others will have, but that's what I got for coordinates til I get some tweaking done over the weekend.
D looks to be rolling bullish at 1.099x eyeing 1.104x/7x.
A close under 1.0982x would dull those horns a bit. Under 1.097x a bit more and I suppose with that one you could be looking to 1.084x after 1.093x but with the weekend being what it is these TA signals are not the thing to watch.
W rolling bullish above 1.093x and 1.097x with 1.110x/1.112x now back on radar.
With election risk mainly cleared no massive gap expected Monday. The only black swan hiding in the flock is named Abstention. But there's little to no chance she takes flight. So really the poison you are choosing there, is how much of a 'sell the fact' set up are we in right now with a Macron win. Or, conversely, do you believe all risk hedge was not cleared with last couple D candles and there's still some room for relief.
Aside from all that, whats left to drive EUR/USD after the weekend? Plenty.
1) On the dollar side June is mostly in the rear view as expectations move to the dot plot and December. The end of The Yellen Era is something to tweet and flip-flop about apparently so that's food for a few dips/spikes on the smaller charts. Bigger charts if independence is the debate.
If, how and when domestic policy (tax plans, repatriation, bank regs, etc) move through the whirling hall of knives that is the US Congress should give a little more broad direction for dollar than they have done since Trump Happy Hour ended, but for now.....RMT.
2) Euro slowly awakening from its mutiyear nerpy, zerpy QE coma, drawing the shades back and letting the light in. June ECB meeting should brighten the room up a bit according to expectations. There are German elections, Brexit negotiations,...other secondary things like that to watch sooner and later in the year. But for now.....RMT.
So, unless there are mushroom clouds on the horizon, maps should get a little easier to draw from here out. Particularly with the major outlook changes today.
MT charts get a check up. ST charts get a near total renovation. LT charts get dusted off.
I will get mine posted next week if that kind of thing is going on here in the thread.
------------------------------------------------------------------------------------------------------------------------------------------------
Guess that concludes my time under the bright lights. Picked a slow news week so it was pretty easy (pfff..)
Takeaway: The best possible way to get a firm grasp on how you dont know shit is to spend a week pretending you do.
Going invisible for a bit. Dont tell hoom.
Good Weekend All!
ST: Looking at sisse's short term chart above, it comes clear we are extending the top of the range in outlook BUY. How's that for untradeable?
MT: above the flip (or at the flip if you've seen fit to move it up since sell got softer) in Soft Sell making tickets fit for Chester's "Mediocre" zone I imagine.
LT: at the flip in Soft Sell so similar position to MT.
I'm sure my levels don't match exact with everybody here (part of why I like this place) so it may be a totally different read than others will have, but that's what I got for coordinates til I get some tweaking done over the weekend.
D looks to be rolling bullish at 1.099x eyeing 1.104x/7x.
A close under 1.0982x would dull those horns a bit. Under 1.097x a bit more and I suppose with that one you could be looking to 1.084x after 1.093x but with the weekend being what it is these TA signals are not the thing to watch.
W rolling bullish above 1.093x and 1.097x with 1.110x/1.112x now back on radar.
With election risk mainly cleared no massive gap expected Monday. The only black swan hiding in the flock is named Abstention. But there's little to no chance she takes flight. So really the poison you are choosing there, is how much of a 'sell the fact' set up are we in right now with a Macron win. Or, conversely, do you believe all risk hedge was not cleared with last couple D candles and there's still some room for relief.
Aside from all that, whats left to drive EUR/USD after the weekend? Plenty.
1) On the dollar side June is mostly in the rear view as expectations move to the dot plot and December. The end of The Yellen Era is something to tweet and flip-flop about apparently so that's food for a few dips/spikes on the smaller charts. Bigger charts if independence is the debate.
If, how and when domestic policy (tax plans, repatriation, bank regs, etc) move through the whirling hall of knives that is the US Congress should give a little more broad direction for dollar than they have done since Trump Happy Hour ended, but for now.....RMT.
2) Euro slowly awakening from its mutiyear nerpy, zerpy QE coma, drawing the shades back and letting the light in. June ECB meeting should brighten the room up a bit according to expectations. There are German elections, Brexit negotiations,...other secondary things like that to watch sooner and later in the year. But for now.....RMT.
So, unless there are mushroom clouds on the horizon, maps should get a little easier to draw from here out. Particularly with the major outlook changes today.
MT charts get a check up. ST charts get a near total renovation. LT charts get dusted off.
I will get mine posted next week if that kind of thing is going on here in the thread.
------------------------------------------------------------------------------------------------------------------------------------------------
Guess that concludes my time under the bright lights. Picked a slow news week so it was pretty easy (pfff..)
Takeaway: The best possible way to get a firm grasp on how you dont know shit is to spend a week pretending you do.
Going invisible for a bit. Dont tell hoom.
Good Weekend All!
4
.
some of sisse´s comments are in "xxx". kind of nicely explains what was happening. as we cleared risk we back to flip. expect soft continuation next week if macron wins as expected. 
