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EURUSD only

  • #124,341
  • Jan 16, 2021 8:36pm Jan 16, 2021 8:36pm
Key Prices from last week
https://www.tradingview.com/x/ufR4EbxY


Current bias is bearish for me with major break of lower 2 deviation bollinger band with big sell candle on daily, and I will look to enter on confirm with breakthrough the weekly low/Dec 20 uptrend support.

Thinking it will reach August 2017/Breakout Resistance Level. Possible extension to Double Top High/Resistance from AUG-DEC20 Range
https://www.tradingview.com/x/LLfWUpY8

Will change bias based on price action.

Possible Retracements, or reversal depending on if price opens/closes higher Asia/London Close for week upcoming.

Thoughts?
  • #124,342
  • Jan 17, 2021 12:33am Jan 17, 2021 12:33am
for tomorrow, since RSI and stoch are on "oversold" level on both 1H and 4H TF, I expect price going up to 1.2111 - 1.2098 area, and continuing down to 1.2000
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  • #124,343
  • Jan 17, 2021 12:55am Jan 17, 2021 12:55am
Quoting andvk74
{quote} Everything I use now to analyze and trade the markets I got from ICT except the COT stuff (for that I thank Larry Williams). And that's pretty much it.
Larry Williams is COT stuff expert.
One of his explanation of using COT data is down here.

How to Use the Commitment of Traders (COT) Report
https://m.youtube.com/watch?v=o_G3oTuOGhw
  • #124,344
  • Jan 17, 2021 6:55am Jan 17, 2021 6:55am
Quoting nic9man
{quote} This one hopefully works, looks pretty good tbh, so confidence is high. Also fundamentally new highs are overdue since days. Instead we saw a shitty selloff, can‘t last long.
Yes it looks like it will bounce BUT since nothing has been confirmed yet it is best to wait until we actually have confirmation.. I hate wedges because if any of the edges break it goes really fast! So we need to be careful and patient on Monday!

Stay Green
Focus only on what truly matters!
  • #124,345
  • Jan 17, 2021 9:20am Jan 17, 2021 9:20am
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maybe yes maybe no hhe
  • #124,346
  • Jan 17, 2021 1:03pm Jan 17, 2021 1:03pm
MY VIEW
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  • #124,347
  • Jan 17, 2021 8:30pm Jan 17, 2021 8:30pm
short 1.2077 let's see where this takes me
MTF PA with indicators = a winning team
  • #124,348
  • Jan 17, 2021 8:40pm Jan 17, 2021 8:40pm
misread my chart and went long at 1.2079
MTF PA with indicators = a winning team
  • #124,349
  • Jan 17, 2021 9:03pm Jan 17, 2021 9:03pm
Seems I will book my Friday's long at 1.21400 and open a sell limit at 1.21400 with an sl of 50 pips targeting 1.20462.

Reason being that we have a new daily low and I don't expect us to take out Friday's high.
Besides 1.21400 has been a strong support last week, i expect it to resist strongly
Risk comes from not knowing what to do
  • #124,350
  • Jan 17, 2021 9:27pm Jan 17, 2021 9:27pm
2x rejected by day open.. scalp short, i hope i'm right

White dash is .618 ext from the last H4 swing up
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Don't mind me.. i'm crazy
  • #124,351
  • Jan 17, 2021 9:58pm Jan 17, 2021 9:58pm
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looking at the last weeks candlesticks I think this week is going to be bearish so am shorting.
  • #124,352
  • Jan 18, 2021 12:29am Jan 18, 2021 12:29am
EU trend on the daily going down
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TMT Scalping System (Best system on FF)
  • #124,353
  • Edited 1:17am Jan 18, 2021 1:06am | Edited 1:17am
Quoting purevenom
2x rejected by day open.. scalp short, i hope i'm right White dash is .618 ext from the last H4 swing up {image}
Switch to long.. US closed today, maybe just scalping here and there for few pips
Whether TL get rejected or my be+ get hit first

* Closed. be hit.
Should've take that 5 pips
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The sob candle that took out my BE
Was aiming retest of .2085 at least
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Don't mind me.. i'm crazy
  • #124,354
  • Jan 18, 2021 1:20am Jan 18, 2021 1:20am
2240 is my target for long and my sl at 2063
  • #124,355
  • Jan 18, 2021 1:51am Jan 18, 2021 1:51am
Quoting corongumet
2240 is my target for long and my sl at 2063


Target is 1.2240 or 1.2140?
  • #124,356
  • Jan 18, 2021 1:59am Jan 18, 2021 1:59am
Quoting Pollen
EU trend on the daily going down {image}
For me as well.
  • #124,357
  • Jan 18, 2021 2:32am Jan 18, 2021 2:32am
Quoting Mr.Dollards
{quote} Target is 1.2240 or 1.2140?
2240
  • #124,358
  • Jan 18, 2021 3:38am Jan 18, 2021 3:38am
Quoting corongumet
{quote} 2240
Hmmm can't see that happening for quite a while sadly!! However I am happy to be proven wrong though, and the market often does prove me wrong but I accept her lessons!
  • #124,359
  • Jan 18, 2021 4:41am Jan 18, 2021 4:41am
EURUSD has reach support level, let's see if it bounce here.
  • #124,360
  • Jan 18, 2021 5:05am Jan 18, 2021 5:05am
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