Looks like bears are still kicking down doors.
2
- #100,303
- Edited 7:33am Jan 8, 2020 6:49am | Edited 7:33am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Hi B, The 20/200 MA, my friend is just a guide, it's not an absolute, plus there is a huge bearish engulfing pattern that came from yesterday's trading, and we are having new lows so far today , Its retesting my scalping zones as i type, and there's no support until the 1.11103 area, for me the probabilities are high that we may see more bearishness before the bulls come home. But I maybe wrong so in time all will be revealed. {image}
Possibly more bearishness for EUR/USD Yet folks.
It looks as if it will bounce of the 200 LWMA Folks,
A possible reversal on the horizon
5 min chart of the above.
Daily Harmonics I spotted 2 potential harmonic patterns on Daily.. No clues yet for which one will play out.. Bulls have the upper hand for now while candles are above my BLUE and GREEN wma line.. Temporarily I could start buying dips today.. I expect a bounce from 1.1111/22 area.. No rush! Stay Green {image}
maybe reach 1.1111 and break?
- #100,305
- Jan 8, 2020 7:02am Jan 8, 2020 7:02am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #100,307
- Jan 8, 2020 7:08am Jan 8, 2020 7:08am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} Breaching the green line on the D1
Stay Green
Focus only on what truly matters!
{quote} Of course, a break is possible.. But I have to risk a trade around here to get lowest price possible.. Stay Green
I also was looking for buys but that H4 close looked for more bearish closings. 
- #100,309
- Jan 8, 2020 7:14am Jan 8, 2020 7:14am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} But you said no rush
Stay Green
Focus only on what truly matters!
- #100,310
- Jan 8, 2020 7:30am Jan 8, 2020 7:30am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #100,312
- Edited 9:11am Jan 8, 2020 8:56am | Edited 9:11am
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
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- #100,314
- Edited 10:31am Jan 8, 2020 10:11am | Edited 10:31am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Possibly more bearishness for EUR/USD Yet folks. {image} It looks as if it will bounce of the 200 LWMA Folks, A possible reversal on the horizon
Possibly more down side coming folks I see 1.11113 being re-tested again.
POSSIBLE DOUBLE BOTTOM
IN ALL CHARTS FROM 1 MIN TO 1 HOURLY
"OOPS FORGOT ABOUT TRUMP"
"OR NOT" JUST BROKEN
