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The Swamp

Quoting gatorinla
{quote} It did run 2 pips lower. It also made a bullish hammer a few hours ago. What I dont like is the day closed below that white line for bounces. 0647 should have some R value. A break up or down (red or blue box) with closes is a b/o. A break down will have the trend on it's side. The problem for me it the b/o usually comes back to the b/o point. I want to short the bounces. If i risk a long my stops are tight. {image}
Price came back to the lower blue box and that white line. Its bearish below these. In 30 min a 12h closes. Above these pa can retrace.
ATM the bears held off the bull.
The b/o below the blue red box came back to the b/o point. So it may just fall. As long as pa cant sustain above those and the white line. So far it was a rejection.
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Quoting gatorinla
{quote} Price came back to the lower blue box and that white line. Its bearish below these. In 30 min a 12h closes. Above these pa can retrace. ATM the bears held off the bull. The b/o below the blue red box came back to the b/o point. So it may just fall. As long as pa cant sustain above those and the white line. So far it was a rejection. {image}
0628 is a R.. A touch there followed by closes below the white and blue box may be bearish. More so with a LL.
The 12h closes in 15 min. If it is above 0628. It may run up some. The same with today's close. With pa below those atm. Things have not changed their bear characteristic. 0628 may be a sell, pa has to continue below the white line and blue box. If not, it may range
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those who can, do. those who cant, talk about those who can
7 min out.. bulls are not trying atm.
1 min chart
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those who can, do. those who cant, talk about those who can
Hey Gator, Would share your analysis on Audusd?
thanks
The 12h closed below those levels. PA is at 0628. Testing is as a R. Since the 12h did close below those others. The odds are it will settle back down.
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Quoting gatorinla
The 12h closed below those levels. PA is at 0628. Testing is as a R. Since the 12h did close below those others. The odds are it will settle back down. {image}
5m
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A b/o on the bottom looks to run to adr +-. 0576..Using the 12h as a guide. That would be a LL.
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The 12h close below 0620leads me to believe, the run above 0528. Didn't have power to sustain a rise. Still when pa is within the blue box, and above the white line. It takes a lot of liquid to push it up. It looks to be absorbed settling below 0620 the last h. Still when pa is in the blue. It can range.
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If short at 0628.. The 1h closed above.. Your on your own. The 12h leads me to believe it will fall. But atm the 1h closed above the R.
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Quoting gatorinla
If short at 0628.. The 1h closed above.. Your on your own. The 12h leads me to believe it will fall. But atm the 1h closed above the R. {image}
Gator,
I Shorted first at first @ 1.06289 last night 19.23 PM (London time) I was looking for 1.0560, I was watching the Asian session, when Asia made today's earlier high @1.06291 I was pretty happy and when Europe dropped it towards my target I was more happier, then something happened at 1.06021, so I closed my short at1.0607

I wasn't expecting that and I think the Euro session was also not expecting that, PA should have at least tested the Daily Support 1 @ 1.0591 that's where I had my first TP Whatever happened at 1.06021 can be seen on Tick chart - I believe some one was protecting 1.0517 (1st Nov Low) early on 100 pips above. Therefore London got confused and had to come back up slowly and take out the Asian high before we go back down , If London and Europe can take out 1.0602 they would have done it already but don't have enough energy hence we are waiting for NY to come along to break 1.0600 with that in mind I took a Short now here at 1.0633 targeting 1.0554.

You mentioned 1 H closed above 0628,

Where we have paused now is very congested,
Monthly Support 1 ( Which is now R) is at 1.0633
Daily Pivot is at 1.0636
Yesterday's open @ 1.0633
DeMark Pivot @ 1.0632
Yesterday's Close at 1.0624 And low @1.0620
Value Area low is between 1.0636-34

It looks like a my short at 1.0633 looks like a good spot though as you said On my own Fingers crossed I like to keep a tight stop for my trades there I have palaced a hedge at 1.0637

Today's Support and Resistance for EURO on MT5 Template (Those who look at template note, because many numbers are at exactly at 1.0633 you may not see them in Chart properly - do check it out on object list)
Attached File(s)
File Type: tpl EURO 16 04 24.tpl   16 KB | 67 downloads
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
Hail storm in London right now
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
These two patterns, Ascending Wedge & Channel both going strong towards 1.0517

Live chart here : https://www.tradingview.com/x/BD6eHno7/
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
Quoting Avir
{quote} Gator, I Shorted first at first @ 1.06289 last night 19.23 PM (London time) I was looking for 1.0560, I was watching the Asian session, when Asia made today's earlier high @1.06291 I was pretty happy and when Europe dropped it towards my target I was more happier, then something happened at 1.06021, so I closed my short at1.0607 I wasn't expecting that and I think the Euro session was also not expecting that, PA should have at least tested the Daily Support 1 @ 1.0591 that's where I had my first TP Whatever happened at 1.06021 can be seen...
Yesterday closed below the 0622. That should mean drop. The 12h a few hs ago closed below 0620. That should also mean drop. The Month R1 may be causing some bounce.
Its above 0828. The bull side of the 12h..
those who can, do. those who cant, talk about those who can
Within a little less than 3 hs pa may be attracted to 0626. Just a speculation. 0626 is below 0628. If pa makes it below 0629 s then. 0629 may have R value.
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she tried once.
Quoting gatorinla
Within a little less than 3 hs pa may be attracted to 0626. Just a speculation. 0626 is below 0628. If pa makes it below 0629 s then. 0629 may have R value.
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updated
It went as low as 0627. It missed 0626. It may come back this hour.
All those "S" are supports.
The "R" is light resistance. "S" can be "R" when pa is below.
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Quoting gatorinla
No trolls allowed. professional oriented trading only. i dont check pm much. current personal outlook eu to test 1.17 in pursuit of 1.2470 valid target or a break of db at 05xx/046x, at the same time a market drop catalist on all world equity markets indicated . u.s. markets indicated to fall to summer 2013 levels. silver to 16.22 targeted and should pull gold to 13xx with it. brent oil targeted for 14.11 but its normal to got to 56.xx before. euro and yen gain strength on market drop till funding redemptions slow/stop. then eu can drop and uj rise....
I anticipate EUR/USD to test 1.17 en route to the 1.2470 target, contingent upon a breakout below the 1.05/1.046 support levels. Simultaneously, indications suggest a global equity market downturn, with U.S. markets possibly revisiting levels last seen in the summer of 2013. Silver is targeted at 16.22, potentially dragging gold down to the 13xx range. Brent oil's target is set at 14.11, though it may temporarily rise to 56.xx before reaching this point.
The 30 min before this h closes, can make a large candle comparably to the others.
those who can, do. those who cant, talk about those who can
[quote=khalidkhan1;14832935]{quote}I anticipate EUR/USD to test 1.17 en route to the 1.2470 target, contingent upon a breakout below the 1.05/1.046 support levels. Simultaneously, indications suggest a global equity market downturn, with U.S. markets possibly revisiting levels last seen in the summer of 2013. Silver is targeted at 16.22, potentially dragging gold down to the 13xx range. Brent oil's target is set at 14.11, though it may temporarily rise to 56.xx before reaching this point.[/quote

Amazing insight
Quoting khalidkhan1
{quote}I anticipate EUR/USD to test 1.17 en route to the 1.2470 target, contingent upon a breakout below the 1.05/1.046 support levels. Simultaneously, indications suggest a global equity market downturn, with U.S. markets possibly revisiting levels last seen in the summer of 2013. Silver is targeted at 16.22, potentially dragging gold down to the 13xx range. Brent oil's target is set at 14.11, though it may temporarily rise to 56.xx before reaching this point.
Timeline?
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