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Albertx Dec 10, 2019 9:44am | Post# 98801

boring ... guess we have to wait until tomorrow and hope the news gives a kick

Wavegarrick Dec 10, 2019 10:34am | Post# 98802

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Hi Guys,

Just some things I am looking at. Not cast in stone but a reflection point. EU has had a battering for a whole year. Is there some reprieve?, we shall see. We have been stuck at my yearly support 1 for some time. Gu has made the bounce off my yearly support 1 at 1.20190 since August this year and currently sitting at my yearly pivot at 1.31977, appropriate for a year end move?. Of course that is what pivots do, they attract like magnets. Does the same apply to Eu?. We shall see. Sorry for bringing Gu in but I think it is very relevant.

All the best in the coming days.

Cheers.
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Austyno Dec 10, 2019 10:48am | Post# 98803

Bunch of lines cannot predict market makers interpretation of coming significant fundamental events: impeachment, tariffs , UK election and everything between.
Believe what you want but they do.

LCForex Dec 10, 2019 11:43am | Post# 98804

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Did not surprise testing 1.1094. Market is testing equal legs. It should return to 1.1074.
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19monza64 Dec 10, 2019 12:28pm | Post# 98805

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Ayax.TSS Dec 10, 2019 12:30pm | Post# 98806

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#EURUSD / H4 / Bullish Idea Click to Enlarge

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Ata-Turkoglu Dec 10, 2019 3:10pm | Post# 98807

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H1 Status Update

For my followers: Sharing same chart with minor updates. So, because the Friday "daily" candle is wide in size, these are all inside bars moving in the shadow of that big candle and allowing bulls to retest higher than normal. That being said:

  1. We are back at Dashed-BLUE line waiting for bulls to break above or bounce..
  2. We are back above GREEN since candles started closing above the 1.1060/75 zone and therefore, rule wise, we actually have to look for buying Dashed-RED touches BUT there is no new Dashed-RED clone while we are below 1.11077 so we temporarily have to go with inner Dotted-RED lines.
  3. Long story short: While H1 candles close below 1.11077 there is still hope for bears. But overall, although bears can risk shorting, they must be extra careful inside these levels.

Stay Green
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Austyno Dec 10, 2019 11:11pm | Post# 98808

Hmmm. We are treading on dangerous Waters. Anything can happen, I still favour the down side though. We have reached 78.6 fib on 1hr(sell signal), entered a sell zone on daily, almost kissed a trend line on 4hrs(joining the last two highs)... Let's see how this plays out.

newbegger Dec 11, 2019 1:33am | Post# 98809

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No pattern detected to imply a grind higher.

I am staying short for now in swing trade.
Buying in scalping accounts for quick profits.

It's a perfect world for range trading. Trend traders - best to stand down!
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PatienceFx Dec 11, 2019 1:55am | Post# 98810

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shorting this bugger at the black TL
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Niily Dec 11, 2019 2:11am | Post# 98811

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Prices continue to be pushed up following yesterday's news. However, a series of news today and tomorrow made price action more unpredictable. I am still in the mind of sell on this pair but will continue to wait for prices to go higher and clearer. Probably a spike by the news that then engulfed everything all days had moved.

The plan will enter the sell when the price can not exceed 1.11000 today and become heavier. No one knows what they will do with the news.

Good luck traders.
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Ata-Turkoglu Dec 11, 2019 2:27am | Post# 98812

shorting this bugger at the black TL {image}
I recommend that you change the color of your black trendline to something visible..

Stay Green

Austyno Dec 11, 2019 2:36am | Post# 98813

{quote} I recommend that you change the color of your black trendline to something visible.. Stay Green
He meant it as a joke bro

Ata-Turkoglu Dec 11, 2019 2:37am | Post# 98814

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Prices continue to be pushed up following yesterday's news. However, a series of news today and tomorrow made price action more unpredictable. I am still in the mind of sell on this pair but will continue to wait for prices to go higher and clearer. Probably a spike by the news that then engulfed everything all days had moved. The plan will enter the sell when the price can not exceed 1.11000 today and become heavier. No one knows what they will do with the news. Good luck traders. {image}
I agree.. It is wise to be cautious.. I personally have 1.1103 as crucial resistance for the day. While intraday candles close below this and my Dashed line I am planning to keep selling every new Dashed-BLUE trendline touch.. It is likely that today's FOMC and FED decisions will create some shake out. Until then the GREEN line area on chart: 1.1077 area will probably act supportive.. Besides risking some long scalping there traders have not much to do until FED minutes.. Trade safe folks and best of success

Stay Green
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Ata-Turkoglu Dec 11, 2019 2:40am | Post# 98815

{quote} He meant it as a joke bro
I know.. It is a joke that slowly is getting on my nerves.. But maybe my post also was a joke hmm how about that?

Stay Green

PatienceFx Dec 11, 2019 2:45am | Post# 98816

shorting this bugger at the black TL {image}
1088 was supposed to be a good S/R level as seen in history on chart

the black area above it automatically becomes a horizontal TL

Niily Dec 11, 2019 2:47am | Post# 98817

{quote} I agree.. It is wise to be cautious.. I personally have 1.1103 as crucial resistance for the day. While intraday candles close below this and my Dashed line I am planning to keep selling every new Dashed-BLUE trendline touch.. It is likely that today's FOMC and FED decisions will create some shake out. Until then the GREEN line area on chart: 1.1077 area will probably act supportive.. Besides risking some long scalping there traders have not much to do until FED minutes.. Trade safe folks and best of success Stay Green {image}
Yes, Same idea of buying scalp under 1,10750.

PatienceFx Dec 11, 2019 2:50am | Post# 98818

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{quote} 1088 was supposed to be a good S/R level as seen in history on chart the black area above it automatically becomes a horizontal TL
with that in mind, my trade with a tiny 8 pip sl automatically becomes the best logical trade with a target of week open
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Ata-Turkoglu Dec 11, 2019 2:58am | Post# 98819

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Daily Wave Count (Update)

For now we might be still inside a wave 2 (of a wave 3 or C) that still can retest lows around 1.1016.. If wave 2 is already complete then bears have to be careful once 1.1103/1.1109 area breaks. My repeatedly shared chart below shows the roughly projection of a potential bullish wave 3 (or C)

Stay Green
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PatienceFx Dec 11, 2019 3:05am | Post# 98820

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{quote} with that in mind, my trade with a tiny 8 pip sl automatically becomes the best logical trade with a target of week open {image}
using visible tl method, price must respect 1072 for bullish bias to continue
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