I've been continuing the clones, but all of these levels were derived months ago. Original posts are in "related ideas", below. Yes, I know these charts aren't the prettiest. There's a reason I call this particular saved layout in TradingView "EU Chaos".
The USD 240 minute candles look rather interesting, quickly finding support on the key 12060 level we've been fooling around with for months. Likewise, EURUSD hasn't completed a proper reversal signal, so continued downwards movement wouldn't be particularly surprising considering the recent 1.1440 and 1.1250 rejections.
Another (red box) clone on EU shows the same price levels (blue dotted, below price, around 1.0974) as being very strong support. I am making up a few new "grid" charts now, since this seems to be such an important turning or continuation point for everything (e-mini, dollar, eu, yen, etc).
One additional interesting thing to note is that S&P has continued to fall while USD has continued to rise. Regardless of which happens, some mean reversion is expected for this week. E-mini could rise to catch up, dollar could fall to catch up - we'll have to see which it is.
Regardless, I'll be doing the usual intraday madness and do my best to stay on the correct side of the market regardless of if this larger frame idea pans out. I leave this post as neutral since I share this side of the story (possible dollar continuation and euro falling more) to intentionally contradict other idea posts of mine. It's best to prepare for each possible outcome.
Cheers.
The USD 240 minute candles look rather interesting, quickly finding support on the key 12060 level we've been fooling around with for months. Likewise, EURUSD hasn't completed a proper reversal signal, so continued downwards movement wouldn't be particularly surprising considering the recent 1.1440 and 1.1250 rejections.
Another (red box) clone on EU shows the same price levels (blue dotted, below price, around 1.0974) as being very strong support. I am making up a few new "grid" charts now, since this seems to be such an important turning or continuation point for everything (e-mini, dollar, eu, yen, etc).
One additional interesting thing to note is that S&P has continued to fall while USD has continued to rise. Regardless of which happens, some mean reversion is expected for this week. E-mini could rise to catch up, dollar could fall to catch up - we'll have to see which it is.
Regardless, I'll be doing the usual intraday madness and do my best to stay on the correct side of the market regardless of if this larger frame idea pans out. I leave this post as neutral since I share this side of the story (possible dollar continuation and euro falling more) to intentionally contradict other idea posts of mine. It's best to prepare for each possible outcome.
Cheers.
