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  • #6,381
  • Dec 1, 2017 8:02am Dec 1, 2017 8:02am
Quoting mbrown
{quote} The Pivot at 1884 did it's job.
also weekly pivot @ 18625
  • #6,382
  • Dec 1, 2017 8:34am Dec 1, 2017 8:34am
Overall technical wisdom says higher timeframes always lead.. meaning that the main trend is still bullish (for now).. therefore I still expect that price will go back up.. The way I look at this drop is sort of expected choppiness before major potential rallies for new highs.... probably market is about to create a huge sideways triangle on H4 or Daily.. thinking out loud.. any opinions?

Stay Green
Focus only on what truly matters!
  • #6,383
  • Dec 1, 2017 8:38am Dec 1, 2017 8:38am
Quoting Ata-Turkoglu
Overall technical wisdom says higher timeframes always lead.. meaning that the main trend is still bullish (for now).. therefore I still expect that price will go back up.. The way I look at this drop is sort of expected choppiness before major potential rallies for new highs.... probably market is about to create a huge sideways triangle on H4 or Daily.. thinking out loud.. any opinions? Stay Green
agree..
i still have 1855 and 1842 to watch, but news coming, tax reform issue, hope it just another fake drop.
  • #6,384
  • Dec 1, 2017 8:39am Dec 1, 2017 8:39am
Quoting Ata-Turkoglu
Overall technical wisdom says higher timeframes always lead.. meaning that the main trend is still bullish (for now).. therefore I still expect that price will go back up.. The way I look at this drop is sort of expected choppiness before major potential rallies for new highs.... probably market is about to create a huge sideways triangle on H4 or Daily.. thinking out loud.. any opinions? Stay Green
Technically I've already posted my buy and sell, but your technical views line up with my fundamental outlook....EU underlying fundamental atmosphere is a buy

I expect to break the current yearly high in the first half of 2018, I'm actually leaning to Q1 so long as inflation stays inline as it has...all we are waiting on is Draghi / ECB to give the go ahead via tapering and/or rates

Also once we can finally clear Brexit (for bad or good) the tone for the Euro will improve drastically
  • #6,385
  • Dec 1, 2017 8:42am Dec 1, 2017 8:42am
Yes, My opinion is that the trend is not yet resume as we are retracing 1.21 - 1.14 Range.
As long as Upper band of channel hold, Trend is under pressure.
1.21 is a very huge resistance. We just have to monitor what will happen there.
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  • #6,386
  • Dec 1, 2017 8:55am Dec 1, 2017 8:55am
Quoting Onizuka
Yes, My opinion is that the trend is not yet resume as we are retracing 1.21 - 1.14 Range. As long as Upper band of channel hold, Trend is under pressure. 1.21 is a very huge resistance. We just have to monitor what will happen there. {image}
I see as 1.16990 as strong support
That will be like uptrend till 1.28000 levels
But it has not visited 1.12000 levels thats my worry
The Phoenix Trader....
  • #6,387
  • Dec 1, 2017 8:59am Dec 1, 2017 8:59am
Quoting sunilpawar
{quote} I see as 1.16990 as strong support That will be like uptrend till 1.28000 levels But it has not visited 1.12000 levels thats my worry
Here you have the nexts battles zones if price go down.
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  • #6,388
  • Dec 1, 2017 9:06am Dec 1, 2017 9:06am
are we having a tax vote today or not?
MAKE IT RAIN
  • #6,389
  • Dec 1, 2017 9:17am Dec 1, 2017 9:17am
why there is such a strong downtrend
  • #6,390
  • Dec 1, 2017 9:52am Dec 1, 2017 9:52am
I do not trust this downtrend... last week's COT was too bullish if i remember correctly...
I wrong?
I do not trust this downtrend
  • #6,391
  • Dec 1, 2017 9:56am Dec 1, 2017 9:56am
Quoting Tradingwithw
So far all news has been what we've forecast- US GDP inline, Euro CPI inline, all that's left is to cap the ISM PMI with an inline or better and the week is complete. Nice technical week as expected, last day of the month today...all of my trades this week have fizzled out, hope you guys are doing well!
Nailed it. ISM as expected

Looks like I'll be starting the weekend early, no pending trades are likely to get triggered and the only one running wont be going anywhere. Hope you all have a safe and eventful weekend!
  • #6,392
  • Dec 1, 2017 10:02am Dec 1, 2017 10:02am
Inserted Video
  • #6,393
  • Dec 1, 2017 10:09am Dec 1, 2017 10:09am
Quoting Ata-Turkoglu
Overall technical wisdom says higher timeframes always lead.. meaning that the main trend is still bullish (for now).. therefore I still expect that price will go back up.. The way I look at this drop is sort of expected choppiness before major potential rallies for new highs.... probably market is about to create a huge sideways triangle on H4 or Daily.. thinking out loud.. any opinions? Stay Green
Daily and weekly models all agree.

16:14: somebody care to explain: "WHAT THE FK JUST HAPPENED!!!"
  • #6,394
  • Dec 1, 2017 10:11am Dec 1, 2017 10:11am
Going up like a rocket
  • #6,395
  • Dec 1, 2017 10:11am Dec 1, 2017 10:11am
Quoting mbrown
{quote} Daily and weekly models all agree.
Thanks mate and also thanks to all the other contributing members on commenting around situation.. great thoughts.. much appreciated..

Stay Green
Focus only on what truly matters!
  • #6,396
  • Dec 1, 2017 10:13am Dec 1, 2017 10:13am
why market is going crazy why spike ?
  • #6,397
  • Dec 1, 2017 10:15am Dec 1, 2017 10:15am
Quoting fahadzaman66
why market is going crazy why spike ?
A vote against Trump Tax plan?
  • #6,398
  • Dec 1, 2017 10:15am Dec 1, 2017 10:15am
Kill all shorts in seconds
  • #6,399
  • Dec 1, 2017 10:15am Dec 1, 2017 10:15am
Quoting WillemFF
{quote} A vote against Trump Tax plan?
Michael Flynn promised "full cooperation to the Mueller team" and is prepared to testify that as a candidate, Donald Trump "directed him to make contact with the Russians."

https://www.forexfactory.com/news.php?do=news&id=719651
  • #6,400
  • Dec 1, 2017 10:17am Dec 1, 2017 10:17am
now what is next ? what is market behavior now ? any suggestion ? what about GU and EU will move ?
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