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here2there Feb 23, 2020 4:36pm | Post# 1162961

Well, as I expected the euto open in the Gap Down towards the 50 sma band. I deliberately made sure my new deposit will updat after the London open. I want to be able to go in just for the rising move and not try to catch tthe retracement las I always do {image}
I figured this much, too. I mentioned the possibility of such a gap here.

So we are likely going to be moving up as the dollar faces a minor correction.

KeenPips Feb 23, 2020 4:49pm | Post# 1162962

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If you are tracking the EURUSD market, consider this technical perspective. Recent price action on the daily time frame is disposed southward and it is respecting a falling trendline (blue). However, presently the momentum is bullish and the bullish candlestick printed on Friday was relatively big, breaking out of the consolidation of Wednesday and Thursday. Technically, we can expect a northward pullback of price action to an area of value before a southward turnaround. One such area of value is the broken down 1.08800/1.09360 horizontal support zone (bound by magenta horizontal lines).

I may be wrong. Trade safe and prosper.

KP

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EvilEye Feb 23, 2020 5:19pm | Post# 1162963

Nice gap down.
nice opportunity to ride this up

Techanalyst Feb 23, 2020 8:58pm | Post# 1162964

Now that the gap is filled? Up or down? My analysis say down, with COT numbers. EURUSD.

EvilEye Feb 23, 2020 9:29pm | Post# 1162965

I say up in the short term.
This upward push is unfinished IMHO, so I reckon there’s a good chance of hitting those magenta lines.

here2there Feb 23, 2020 10:24pm | Post# 1162966

Now that the gap is filled? Up or down? My analysis say down, with COT numbers. EURUSD.
I think it's possible that we can still go up to the supply zone you noted in an earlier comment.

But ultimately, I believe we are going much deeper. We might even see a new all time low at some point. The EURO appears to be toast.

Moty Feb 24, 2020 12:17am | Post# 1162967

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PatienceFx Feb 24, 2020 12:32am | Post# 1162968

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economic calendar dry, no volume present, my weekend extends
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Traderview Feb 24, 2020 12:34am | Post# 1162969

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A possible scenario
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EvilEye Feb 24, 2020 12:37am | Post# 1162970

I’m reasonably confident price will stay above 0800
but breaking below that would change my analysis.

At the moment price is compressing downwards, which suggests a reversal when it bottoms out.

PatienceFx Feb 24, 2020 12:48am | Post# 1162971

I’m reasonably confident price will stay above 0800 but breaking below that would change my analysis. At the moment price is compressing downwards, which suggests a reversal when it bottoms out.
across the board usd strengthened for unknown reason

find out why

here2there Feb 24, 2020 12:52am | Post# 1162972

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As I mentioned earlier, when you see an abnormally large spike in volume, there is a high probability a retracement/reversal will happen sometime in the near future.

Though Tick Volume isn't as good as Real Volume, it still plays an important role in technical analysis in the Forex market. If you choose to disagree, then that is your choice. As for me, I will continue to use Tick Volume in my analyses, because I find it to be both reliable and useful for trading decisions.

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Js3mwtRc Feb 24, 2020 1:14am | Post# 1162973

Gap did happened after the weekend, but EURUSD entered in a consolidation phase, so for me and my analysis a good dip below 1.0800 at .0790-80 is a buy opportunity.

Above there is a gap that it almost filled and .0830-60 is the area to watch for selling opportunities, but this should be my exit Don't search for signals here in this post I am just sharing my thoughts,

have a great week ahead!

Aleksbuk Feb 24, 2020 1:17am | Post# 1162974

Inserted Video

Amir_Forex Feb 24, 2020 1:20am | Post# 1162975

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{quote} Hi amir, nice to see your post. But if I may ask, how can you be so sure that EU will go up to 1.18xxx? Meanwhile we know that EU is not good of fundamental and macroeconomics, too much problem could not be solved soon. Thanks.

Cause I'm Harmonic Trader
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EvilEye Feb 24, 2020 1:21am | Post# 1162976

{quote} across the board usd strengthened for unknown reason find out why
to stop out the traders going long who held their positions over the weekend.
The gap would have clean jumped over their stops, causing them to lose more money.

Now we are grinding down to get traders to short this.

Nothing to do with economics. Everything to do with the order book, which retail traders cannot see.

F.g Feb 24, 2020 2:17am | Post# 1162977

This move now below 1.08 15 is bearish for me..... I keep short fttb. I like Traderview's chart.

Have a great week all, crew.


EvilEye Feb 24, 2020 2:59am | Post# 1162978

Today’s ADR sits around 0850, which would conveniently fill the weekend gap should we get there.

Typically I am only wrong once per market cycle - if I’m going to be wrong...

Robinhood1 Feb 24, 2020 3:26am | Post# 1162979

Next 2 movés. 10980 aprox and if posible i'll be turning down to 10580 aprox.

Robinhood1 Feb 24, 2020 4:28am | Post# 1162980

Next 2 movés. 10980 aprox and if posible i'll be turning down to 10580 aprox.
Thought would go up without resting but its probably switched to snail mode


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