Looks like the DXY has one last bit of bear puff in it - 89.70ish which should spike EURUSD briefly long again.
- #9,482
- Jan 16, 2018 11:31pm Jan 16, 2018 11:31pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
- #9,483
- Jan 16, 2018 11:39pm Jan 16, 2018 11:39pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
The journey up may be taking a little break ,,,,,, last week high goes may open up a little more down side ,,,, decent quarterly number at 2133 whuich if the neckline of this pattern breaks (last weeks high and weeks open area ) ,, there is a price projection there ,,,, on daily it got real close to the quarterly R2 ,,,,,, have to get below 2240 tho to have a chance ,,,,, side note 1.2096 is the neckline of the 3 month inverted H & S pattern on daily ,has never been tested since it ripped thru it 
- #9,486
- Jan 17, 2018 12:50am Jan 17, 2018 12:50am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Get outta here, what technical analysis?!
EUR/USD in the middle of nowhere (intraday)
Oscillating 1.2250 (1.2300 up; 1.2200 down) ...almost symetrically.
Flip the coin and apply RR 1:1.5 ...you'll get someting for sure!
EUR/USD in the middle of nowhere (intraday)
Oscillating 1.2250 (1.2300 up; 1.2200 down) ...almost symetrically.
Flip the coin and apply RR 1:1.5 ...you'll get someting for sure!
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- #9,488
- Edited 1:47am Jan 17, 2018 1:21am | Edited 1:47am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
It's a skyrocketing thing, a spike, ...what techs?! And still, I guess people are waiting for a substantial correction to buy more ...or to sell an overstretched situation. ...the question is, where is that significant correction? Ok, here's my view: See 161.8% expansion on Daily, 1.2317 as a possible resistance to start a correction.... Have a good trading day, you all! {image}
{quote} Nice analysis. The last significant pull back (correction) I can see is on D1 1.1925-45 zone. From that zone EUR/USD rallied through 1.2088 to some eventually Fibo expansions like 138.2%, 161.8%.. I think (technically) is reasonable to expect a new significant correction soon. {image}
That's the most classical setup you can get.
Why people keep igonring simple things?! (ok, me included
)
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- #9,489
- Jan 17, 2018 1:24am Jan 17, 2018 1:24am
- Joined Jul 2017 | Status: Active member | 1,655 Posts
- #9,490
- Jan 17, 2018 1:31am Jan 17, 2018 1:31am
- Joined Jul 2017 | Status: Active member | 1,655 Posts
- #9,493
- Jan 17, 2018 2:01am Jan 17, 2018 2:01am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Hi guys. Been enjoying the contributions from the sidelines and thought i'd for once contribute. I open trades during London hours. Bullish on EURUSD. Enjoy the greens! {image}
Good job, baba!
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- #9,494
- Jan 17, 2018 2:04am Jan 17, 2018 2:04am
- Joined Jul 2017 | Status: Active member | 1,655 Posts
- #9,495
- Jan 17, 2018 2:08am Jan 17, 2018 2:08am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
{quote} broken again??
- #9,496
- Jan 17, 2018 2:22am Jan 17, 2018 2:22am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
- #9,497
- Jan 17, 2018 2:23am Jan 17, 2018 2:23am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
{quote} broken again??
- #9,498
- Jan 17, 2018 2:29am Jan 17, 2018 2:29am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
- #9,499
- Jan 17, 2018 2:34am Jan 17, 2018 2:34am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
- #9,500
- Jan 17, 2018 2:37am Jan 17, 2018 2:37am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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