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Vikinsa's EURUSD Journal

  • #1
  • First Post: Edited Jan 21, 2020 4:37am Dec 23, 2019 2:34pm | Edited Jan 21, 2020 4:37am
EURUSD

All trades, systems, strategies are for my personal use only. I do not intend to give any kind of investment or financial advice of any sort. I use this thread only to log my analysis, planning, execution and results of trades. If you seek any value out of my posts, you are most welcome but please do so only educational purposes.


https://www.tradingview.com/u/vikinsa/

My Strategy Discussion: https://www.forexfactory.com/showthread.php?p=12678892

AUDUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970850
EURUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970846
GBPUSD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970847
USDCAD Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970851
USDJPY Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970848
Minor JPY Trade Analysis Journal: https://www.forexfactory.com/showthread.php?t=970853
GOLD Trade Analysis Journal: https://www.metalsmine.com/showthread.php?t=971472
Technical Analyst & Trader @ Vikinsa
  • #2
  • Dec 23, 2019 3:23pm Dec 23, 2019 3:23pm
Further to my previous Bullish sentiments since late November 2019, I still see EU going up.
https://www.tradingview.com/chart/EU...ally-Expected/
Attached Image (click to enlarge)
Click to Enlarge Name: vikinsa 2019-12-23_21-13-43 Nov 16 2019 Prediction.png Size: 169 KB

https://www.tradingview.com/chart/EU...ong-Positions/

 

  1. As predicted the completion of ALT bat pattern has pushed the price down from 1.11991 to 1.10740 where it completed its target 61.8% Fib Retracement. This is exactly where it has completed a cypher pattern too. (blue rectangle is where I added to my long position)
    Attached Image (click to enlarge)
    Click to Enlarge Name: vikinsa 2019-12-23_21-11-51 current.png Size: 228 KB
  2. On weekly and monthly it has become a little weaker. But like AUDUSD it is also trying to breakout from the 1.11791 which is 50% FIB level
    Attached Image (click to enlarge)
    Click to Enlarge Name: vikinsa EURUSD 2019-12-23_21-18-38.png Size: 30 KB
  3. If that breakout then we are looking at next leg up all the way back to the highs and the completion of BAT (1.12900) or ALT BAT (1.1476)
    Attached Image (click to enlarge)
    Click to Enlarge Name: vikinsa 2019-12-23_21-12-47 Nov 2019 Prediction.png Size: 225 KB

    https://www.tradingview.com/chart/EU...or-Huge-Rally/

Technical Analyst & Trader @ Vikinsa
  • #3
  • Dec 26, 2019 1:47am Dec 26, 2019 1:47am
this is how the price reacted to the blue zone:

Attached Image (click to enlarge)
Click to Enlarge Name: vikinsa 2019-12-23_21-11-51 current.png Size: 228 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD Dec 26, 2019 Close Up Price Reacting.png Size: 107 KB
Technical Analyst & Trader @ Vikinsa
  • #4
  • Dec 26, 2019 8:22am Dec 26, 2019 8:22am
It now has started moving as expected. Cleared off moving averages after rejections
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20191226_142120.jpg Size: 465 KB
Technical Analyst & Trader @ Vikinsa
  • #5
  • Edited 3:46am Dec 27, 2019 1:46am | Edited 3:46am
EURUSD is going great, already in 53 PIPs profit. The blue zone predicted gave us very small risk. Turned out to be a great zone for entry or adding positions.

Before: (Dec 20)
https://www.tradingview.com/chart/EU...ong-Positions/
Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD Before Cypher Completion 2019-12-27_07-41-42.png Size: 233 KB


After: (Dec 27)
Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD After Cypher Completion 2019-12-27_07-41-42.png Size: 227 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD After Cypher Completion 2019-12-27_07-41-42-2.png Size: 206 KB
Technical Analyst & Trader @ Vikinsa
  • #6
  • Dec 27, 2019 8:58am Dec 27, 2019 8:58am
Quoting vikinsa
It now has started moving as expected. Cleared off moving averages after rejections {image}
EURUSD has been explosive as expected. Last week's sell off caught a lot of sellers by surprise .
Huge profits rolling...

Before
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20191226_142120.jpg Size: 465 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-12-27-14-56-54-22.png Size: 104 KB
Technical Analyst & Trader @ Vikinsa
  • #7
  • Dec 29, 2019 7:42am Dec 29, 2019 7:42am
Weekly Analysis:

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #8
  • Dec 30, 2019 2:09am Dec 30, 2019 2:09am
1.1199 and 1.1215 Must be crossed and closed above this month for huge EURUSD rally as I mentioned in video above.
Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD 2019-12-30_08-07-04 Important Level For Dec 2019 Month.png Size: 52 KB
Technical Analyst & Trader @ Vikinsa
  • #9
  • Dec 31, 2019 6:21am Dec 31, 2019 6:21am
Quoting vikinsa
1.1199 and 1.1215 Must be crossed and closed above this month for huge EURUSD rally as I mentioned in video above. {image}
1.1215 level has been crossed but we must close above that level for to go long.

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD 1.1215 Level 2019-12-31_12-19-45 Dec 31 2019.png Size: 35 KB
Technical Analyst & Trader @ Vikinsa
  • #10
  • Jan 3, 2020 2:01am Jan 3, 2020 2:01am
Quoting vikinsa
{quote} 1.1215 level has been crossed but we must close above that level for to go long. {image}
Let's see if it closes above 1.1215 level on weekly chart by any chance
Technical Analyst & Trader @ Vikinsa
  • #11
  • Edited 9:43am Jan 5, 2020 5:17am | Edited 9:43am
Ok EURUSD did not close above 1.1215 on weekly chart but it did on daily chart. So we can expect a pull back and then resume of trend. Here is my analysis:

Inserted Video


Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD Forex Trade Plan Jan 05 2020 61.8 Fibonacci Level Confluence.png Size: 193 KB
Technical Analyst & Trader @ Vikinsa
  • #12
  • Jan 6, 2020 4:04am Jan 6, 2020 4:04am
Just bought first small sized long position at 1.11905. I did this because of multiple reasons listed below. Will build more when it reaches the zone or if it closes above 1.1239

1. Confirmations on 4H today
2. 38.2 Has already been tested
3. Overall on the HTF it is bullish

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD Buy Long Position On 4H Confirmations 2020-01-06_10-00-34.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa EURUSD Jan 06 2020 Monthly Position 2020-01-06_10-02-16.png Size: 28 KB
Technical Analyst & Trader @ Vikinsa
  • #13
  • Edited 1:53am Jan 7, 2020 1:28am | Edited 1:53am
Orders set for 1.11 and 1.108

Monthly chart is turning bullish. There was already a breach of 10SMA and the price has closed beyond that last month. I am expecting at least previous highs or 20sma as target.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Monthly Forex Chart 10SMA Breached Waiting for 20SMA 2020-01-07_07-51-35.png Size: 76 KB
Technical Analyst & Trader @ Vikinsa
  • #14
  • Jan 9, 2020 3:04am Jan 9, 2020 3:04am
Entered at 1.11 as planned.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-01-09-09-03-45-37.png Size: 120 KB
Technical Analyst & Trader @ Vikinsa
  • #15
  • Jan 10, 2020 9:52am Jan 10, 2020 9:52am
Accurate entry at 1.11 as expected
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-01-10-15-51-46-62.png Size: 111 KB
Technical Analyst & Trader @ Vikinsa
  • #16
  • Jan 13, 2020 4:53am Jan 13, 2020 4:53am
EURUSD Top Down weekly analysis using fibonacci confluence:

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #17
  • Jan 15, 2020 8:10am Jan 15, 2020 8:10am
I am long on eurusd from the zone that I mentioned in my weekly analysis. Please check that out if you have not. (see attached idea). Now that market has reached 38.2 first target and it has broken that structure, I have moved my stops to lock in profits and derisk a bit. I am expecting 61.8 profit target level now.

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #18
  • Jan 16, 2020 9:32am Jan 16, 2020 9:32am
EURUSD is acting exactly as expected. Pattern completed, it dropped from the zone. Highly accurate Fibonacci patterns.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Harmonic Pattern Completion As Expected Jan 16 2020 2020-01-16_15-28-34 Vikinsa.png Size: 218 KB
Technical Analyst & Trader @ Vikinsa
  • #19
  • Jan 16, 2020 9:53am Jan 16, 2020 9:53am
On lower time frame I see a trend line + cypher pattern completion. This can be a good opportunity to go long or add to long position.

https://www.tradingview.com/x/JuyCtb04/

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Harmonic Pattern Completion As Expected Next Step To Long Jan 16 2020 2020-01-16_15-28-34.png Size: 157 KB
Technical Analyst & Trader @ Vikinsa
  • #20
  • Jan 18, 2020 5:49pm Jan 18, 2020 5:49pm
My breakeven stops were hit last week. So now looking to reenter the market.
Technical Analyst & Trader @ Vikinsa
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