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  • #9,721
  • Jan 19, 2018 5:26am Jan 19, 2018 5:26am
Quoting digger1
{quote} Lol, getting up in the morning is a gamble ,, if, IF your line gives out there on your chart it should drop to this weeks current low the 1.22 level will be pesky again
To hell with 1.22 mate I'm looking for a lot lower than that
  • #9,722
  • Jan 19, 2018 5:28am Jan 19, 2018 5:28am
Quoting FXClarity
USD/JPY Correlation (inverse) suggests retrace to the blue line above - I'm long off the green horizontal line just under the downward sloping blue line - if it obliges could add fuel to EU downward pressure but still early days. {image}
I don't like to see comparison charts on this thread.. if the corralation is 100% then we obviously don't need any other chart than EURUSD.. if the corralation is less than that we obviously still don't need correlation charts..

Please respect to share no other charts except the ones I allowed on page 1 rules.. thank you..

Stay Green
Focus only on what truly matters!
  • #9,723
  • Jan 19, 2018 5:30am Jan 19, 2018 5:30am
Quoting digger1
{quote} Lol, getting up in the morning is a gamble ,, if, IF your line gives out there on your chart it should drop to this weeks current low the 1.22 level will be pesky again
On the flip side of course is that EU has waved its two fingers at every shorter using broken trendlines for weeks now - as you referenced yesterday.
  • #9,724
  • Jan 19, 2018 5:31am Jan 19, 2018 5:31am
"Food for thought"

Look at the divergence between the up move and the volume.
For the newbies amongst us when we have a rising price and decreasing volume it shows signs of trend weakness and shows reversal is close.
Along with our MPD we can see bulls are getting exhuasted in the long run price has been grinding hard today despite up move.
I am very much short biased
Could 1.23000 be our top after so many rejctions from around that level

What could trigger this reversal?
Goverment shutdown US.
Attached Image (click to enlarge)
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  • #9,725
  • Jan 19, 2018 5:34am Jan 19, 2018 5:34am
Quoting Ata-Turkoglu
{quote} I don't like to see comparison charts on this thread.. if the corralation is 100% then we obviously don't need any other chart than EURUSD.. if the corralation is less than that we obviously still don't need correlation charts.. Please respect to share no other charts except the ones I allowed on page 1 rules.. thank you.. Stay Green
Sure no worries, I just use the UJ for assessing EU trades sometimes and thought it might be useful. Would you like me to delete the post?
  • #9,726
  • Jan 19, 2018 5:37am Jan 19, 2018 5:37am
H4 Quick Outlook

I believe it still will take some time but we are definitely in potential sell area..

Marking 1.2268 as nearest resistance.. no more buying while below..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-H4-Similar Pattern.png Size: 37 KB
Focus only on what truly matters!
  • #9,727
  • Jan 19, 2018 5:42am Jan 19, 2018 5:42am
Quoting FXClarity
{quote} Sure no worries, I just use the UJ for assessing EU trades sometimes and thought it might be useful. Would you like me to delete the post?
Nope.. we move on with normal posts around EURUSD.. thanks..

Stay Green
Focus only on what truly matters!
  • #9,728
  • Jan 19, 2018 5:43am Jan 19, 2018 5:43am
Quoting Neil0163
What could trigger this reversal? Goverment shutdown US. {image}
Why would US gov shutdown be USD bullish?
  • #9,729
  • Jan 19, 2018 5:46am Jan 19, 2018 5:46am
Quoting Starcraftmaz
{quote} Why would US gov shutdown be USD bullish?
Well for one ,no money being printed .
  • #9,730
  • Jan 19, 2018 5:47am Jan 19, 2018 5:47am
Cut the availability of something ,,,,,,,see how fast whats left gets hoarded and bought up
  • #9,731
  • Jan 19, 2018 5:51am Jan 19, 2018 5:51am
Quoting Starcraftmaz
{quote} Why would US gov shutdown be USD bullish?
Just that news on the whole once a descion has been made.

However my though is if the goverment is shut down it would increase the strength of the USD due to not having to spend money on the departments that are closed down.....because they are closed down. Last time this happended it actually increased the strength of the USD.
And as digger said no money being printed.
However im not all that swept up with it maybe some more expirenced traders can point me in the right direction.
  • #9,732
  • Jan 19, 2018 6:08am Jan 19, 2018 6:08am
I see, thanks!
  • #9,733
  • Jan 19, 2018 6:20am Jan 19, 2018 6:20am
Looks like the pair EUR/USD will fall, we'll talk more later on.
  • #9,734
  • Jan 19, 2018 6:20am Jan 19, 2018 6:20am
Adding into shorts looks imminent..with chop expected!
Attached Image (click to enlarge)
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  • #9,735
  • Jan 19, 2018 6:20am Jan 19, 2018 6:20am
Quoting FXClarity
{quote} On the flip side of course is that EU has waved its two fingers at every shorter using broken trendlines for weeks now - as you referenced yesterday.
Jury still out , but price arguing with your trendline thats probably on 100s of thousands charts ,,, and Ata s support ,, gets thru that should be a shot down to 1.22 anyway . then maybe the current weekly low
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  • #9,736
  • Jan 19, 2018 6:22am Jan 19, 2018 6:22am
Quoting digger1
{quote} Jury still out , but price arguing with your trendline thats probably on 100s of thousands charts ,,, and Ata s support ,, gets thru that should be a shot down to 1.22 anyway . then maybe the current weekly low {image}
My charts suggests a sell off is likely now..but my charts have suggested that before which is why I'm in drawdown on the stack

Added: Yeah that TL off the bull flags must be clear on most traders charts which is why I'd expect chop and wouldn't be surprised if it flips for a stop run off the highs..but this pair is going down..just a matter of patience now
  • #9,737
  • Jan 19, 2018 6:25am Jan 19, 2018 6:25am
Quoting FXClarity
{quote} My charts suggests a sell off is likely now..but my charts have suggested that before which is why I'm in drawdown on the stack
I hear ya ,,, this trend any bear flags was a struggle to get 50 % of projected price tgt , thats around the 1.22 level or back to the down channel it popped out of
  • #9,738
  • Jan 19, 2018 6:28am Jan 19, 2018 6:28am
Slowly switching to bearish mindset of: resistance will resist.. and support will do nothing..

Stay Green
Focus only on what truly matters!
  • #9,739
  • Jan 19, 2018 6:40am Jan 19, 2018 6:40am
Bearish next week, still a distinctive lack of volume during this down swing. Hold your horses men.
however there is a inside bar forming on the 4 hour
  • #9,740
  • Jan 19, 2018 6:44am Jan 19, 2018 6:44am
Quoting Neil0163
Bearish next week, still a distinctive lack of volume during this down swing. Hold your horses men.
Where do you get your volume though, surely it's just your broker's clients?
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