Now: 1.313
1.325-6
1.311
1.333-5
1.325-6
1.311
1.333-5
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DislikedOnly yesterday, 1.3030 low was taken out and market made a new low.
So far today, yes we had a good rally, but that is not enough to be bullish.
The market still did not take out the previous low high on the 1h charts, which is at 1.3185, so this means it is still bearish.
If it makes a high higher than 1.3185, then i will turn bullish.
We have to wait and see....
BTW, My target 1.2980 is 1H 1.618 of the of the down move in 1H charts, and that alligns with daily retracement levels.
We will have to wait and see, if EUR takes out 1.3185...Ignored
DislikedOnly yesterday, 1.3030 low was taken out and market made a new low.
So far today, yes we had a good rally, but that is not enough to be bullish.
The market still did not take out the previous low high on the 1h charts, which is at 1.3185, so this means it is still bearish.
If it makes a high higher than 1.3185, then i will turn bullish.
We have to wait and see....
BTW, My target 1.2980 is 1H 1.618 of the of the down move in 1H charts, and that alligns with daily retracement levels.
We will have to wait and see, if EUR takes out 1.3185 or 1.2975.....
Because...Ignored
DislikedEntry 1.3150 area .... SL 1.3230 area .... Target 1.3055 area .... RR 1.2
1.297 may be the bottom of the current corrective down move or the pullback of the previous daily up trend swing from 1.26
Price may move higher fast because Feb 20 is likely day the minister's agree on bailout terms and release.
First support area of 1.3100 seem too little of a retracement but price may goes sideways between 1.3100 - 1.3150 or thereabouts. It is Friday and everyone waiting for Greece.
1.3110 is a good price to put stop @ BE. Don't hold over weekend....Ignored
DislikedOnly yesterday, 1.3030 low was taken out and market made a new low.
So far today, yes we had a good rally, but that is not enough to be bullish.
The market still did not take out the previous low high on the 1h charts, which is at 1.3185, so this means it is still bearish.
If it makes a high higher than 1.3185, then i will turn bullish.
We have to wait and see....
BTW, My target 1.2980 is 1H 1.618 of the of the down move in 1H charts, and that alligns with daily retracement levels.
We will have to wait and see, if EUR takes out 1.3185...Ignored
DislikedHi, I m using ajpivots indicator to find out support and resistance, but it works with h1 chart only, if you have any indicator which works with D1 chart as well, Please let me know or please mention the name. I am very new in this world and I am really hoping help from the experience traders like you.
ThanksIgnored
DislikedUnfortunately, i am not using pivots anymore. I used like 3 years ago and it was too much micromanaging and regular drawing for me.
Use daily, weekly and monthly closes and intraday session closes. Always use GMT time. Should be enoughIgnored
DislikedHi, I m using ajpivots indicator to find out support and resistance, but it works with h1 chart only, if you have any indicator which works with D1 chart as well, Please let me know or please mention the name. I am very new in this world and I am really hoping help from the experience traders like you.
ThanksIgnored
DislikedNot sure your platform, but you probably want the common daily and weekly pivots, there's monthly as well. I'm using Thinkorswim and I can plot the daily and weekly pivots on as low as the 1m timeframe.
They do seem important to me, such as waiting to enter until price has touched a pivot. This will happen more often than not, but there are times price reverses just above or below a pivot, which seems like people getting the jump on others lol.
For instance, the last high was price touching the R1 daily of yesterday.
I am unsure what will happen...Ignored
DislikedI think cammomile is trying to tell you that price is feeling like it is ready to turn to the upside, the gut feeling of someone with thousands of hours of chart experience.
Price taking out 1.297 then blasting higher would be odd - especially after seeing last night's crazy long shake out - and trapping all the shorts with a nuke - this action usually happens at major turning points.
But the real test is price bouncing from 1.31-1.315 area and taking out today's high.Ignored
DislikedIt is shocking to read those articles for example from forexlive.com
Those are based on different "analyst" views and bank recommendations.
They are just ultimate crap. Only things that missing are exact timing and 100% trade-safe-quarantee.
I hope none do trade decions based on those.Ignored
Disliked+62 pips. +114 this week. Finally I am learning to wait for the proper setups... Took me 10k account to learn this...Ignored
DislikedWhat are your current trades... cammomile and betteridea
Entry ,SL and TPIgnored
DislikedNo, that is typical, depending on liquidity and software mechanisms, there is always some delay from your broker side on execution (unless really quality and expensive broker).
You would not even need a chart, just know important session closes and price level. Then you know which way to trade.Ignored